# Costello Asset Management, Inc.

> Costello Asset Management, Inc. is an SEC-registered investment advisory firm in Feasterville, PA, registered since 2015, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 9, 2026.

- CRD: 123249
- Filed as: COSTELLO ASSET MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Feasterville, PA
- Filing period: October 2026
- Form ADV filing dated: March 9, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/123249
- AdvisorCensus page: https://advisorcensus.com/firm/costello-asset-management-inc-feasterville-pa-123249

## Quick answers

**How is Costello Asset Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Costello Asset Management, Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is Costello Asset Management, Inc. located?**
Costello Asset Management, Inc.'s principal office is in Feasterville, PA, according to its Form ADV.

**Is Costello Asset Management, Inc. registered with the SEC or a state?**
Costello Asset Management, Inc. is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 123249.

**How much does Costello Asset Management, Inc. manage?**
Costello Asset Management, Inc. reports $388,549,245 in regulatory assets under management in its Form ADV filing dated March 9, 2026 (100% discretionary).

**How have Costello Asset Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Costello Asset Management, Inc.: Regulatory assets under management: $176,459,240 in the October 2021 data and $388,549,245 in the October 2026 data, up 120%. Total employees: 2 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Costello Asset Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (275); high net worth individuals (81); other (26).

**Which custodians does Costello Asset Management, Inc. use?**
Costello Asset Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Costello Asset Management, Inc. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/123249

**Does Costello Asset Management, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 9, 2026 says: "The minimum account size is $100,000 of assets under management. There is no minimum fee."

**What changed in Costello Asset Management, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 4 to 3. Regulatory assets under management went from $347,873,475 to $388,549,245 (+12%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 9, 2026)

- Account minimum: $100,000

> The minimum account size is $100,000 of assets under management. There is no minimum fee.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $388,549,245
- Discretionary: $388,549,245
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 275 | $89,038,784 |
| High net worth individuals | 81 | $257,114,560 |
| Charitable organizations | 3 | $6,736,456 |
| Corporations or other businesses not listed above | 5 | $2,976,075 |
| Other | 26 | $32,683,370 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2015 (10 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE, FL, NH, NJ, NY, PA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- costelloassetmanagement.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $176,459,240 | 2 | March 17, 2021 |
| October 2022 | $192,938,628 | 2 | March 16, 2022 |
| October 2023 | $194,649,697 | 2 | February 28, 2023 |
| October 2024 | $212,886,502 | 3 | March 12, 2024 |
| October 2025 | $347,873,475 | 4 | February 6, 2025 |
| October 2026 | $388,549,245 | 3 | March 9, 2026 |

Regulatory assets under management: $176,459,240 in the October 2021 data and $388,549,245 in the October 2026 data, up 120%.
Total employees: 2 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 4 to 3.
- Regulatory assets under management went from $347,873,475 to $388,549,245 (+12%).

### January 2026
- Registered or notice-filed in NH.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Costello Asset Management, Inc. (CRD 123249): Form ADV filing data as of October 2026.