Costello Asset Management, Inc.

Costello Asset Management provides investment advisory and financial planning services to individuals, non‑profits, trusts, estates and other business entities, managing approximately $388.5 million across about 988 client accounts. Services described in the brochure include discretionary portfolio management, retirement and estate planning advice, and periodic written reports and newsletters; an initial exploratory consultation is offered at no charge.

The firm’s investment process is driven by a documented Investment Policy Questionnaire and asset allocation tailored to each client’s risk tolerance, with portfolios diversified across equities, fixed income, mutual funds and ETFs. Costello Asset Management routinely manages accounts on a discretionary basis and may employ covered‑call option writing, other option strategies, short‑ and long‑term trading and margin where appropriate, placing trades through discount brokers and qualified custodians.

Distinctive operational features noted in the brochure include a relatively large level of assets under management alongside a small advisory staff, the practice of potentially sharing management fees with referring parties, and a policy under which clients retain proxy‑voting authority rather than the firm voting proxies. The firm also discloses that it does not accept commissions or performance‑based fees and includes advisors whose backgrounds include advanced degrees and prior non‑financial careers.