Costello Financial Planning, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$192,332,058
Clients
109
Advisors
2
across 2 offices
About
Costello Financial Planning works with individuals and families as well as employer retirement plans and private foundations, providing comprehensive wealth management, retirement-plan consulting, private foundation investment services, and tax preparation support. Its client work includes financial planning, cash‑flow and scenario analysis, development of an Investment Policy Statement, asset allocation, manager selection, and ongoing portfolio monitoring.
The firm describes a "Personal CFO" process that begins with discovery and a base plan, proceeds to a written IPS and portfolio selection, and continues with implementation and periodic review; it manages both discretionary and non‑discretionary accounts and emphasizes periodic rebalancing. Investment decisions are guided by fundamental analysis and a long‑term, buy‑and‑hold approach informed by Modern Portfolio Theory and tailored to client risk tolerance and objectives.
Compared with many peers, the firm combines fee‑only financial advice with in‑house and affiliated tax and accounting capabilities — including a principal with CPA credentials and the use of external tax preparers for client returns — a less common arrangement among similar advisers. It also uses formal solicitor/referral arrangements (including participation in third‑party advisor networks) and highlights adherence to third‑party professional standards such as CFP and NAPFA codes, while stating it does not accept commissions or performance‑based fees.
Client services
Expertise
Fee options
$0 - $1,000,000: 0.99% $1,000,001 - $2,000,000: 0.89% $2,000,001 - $3,000,000: 0.79% $3,000,001 - $4,000,000: 0.69% $4,000,001 - $5,000,000: 0.59% $5,000,001+: 0.49%
Minimum fee: Minimum quarterly billing of $2,500 ($10,000 annually) with discretion to waive Fee-only: Fee-only firm; never accepts commissions or referral fees
Main office
See officeArlington Heights IL
Advisors at this office
1
Offices (2)
Most active in
Illinois · Michigan · Oregon · Texas · Vermont
Also doing business as
Costello Financial Planning, Inc. · Costello, Robert Francis
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
Quick links
Advisors at this firm
Robert C
CFP®
Burlington, VT
Costello Financial Planning, Inc.
Robert Costello is a CFP® professional with 15 years of industry experience, currently serving at Costello Financial Planning, Inc. in Burlington, VT, where he has worked since 2015. In addition to his advisory role, he operates a tax preparation business and provides bookkeeping services to an accounting firm outside of trading hours. Costello Financial Planning serves individuals, families, employer retirement plans, and private foundations, offering comprehensive wealth management, retirement-plan consulting, and tax preparation support. The firm applies a long-term, buy-and-hold investment approach guided by Modern Portfolio Theory and tailors strategies to client objectives through a structured "Personal CFO" process.
Paul C
Series 65
Arlington Heights, IL
Costello Financial Planning, Inc.
Paul Costello is a Series 65-licensed financial advisor with eight years of industry experience. He has worked at Costello Financial Planning, Inc. since 2018 and previously spent three years at Deutsche Bank Securities, Inc. He is also a partner at Brothers Tax LLC, a tax preparation firm. Costello Financial Planning serves individuals, families, employer retirement plans, and private foundations, offering wealth management, retirement-plan consulting, and tax preparation support. The firm follows a “Personal CFO” process that includes developing investment policy statements, portfolio selection, and ongoing monitoring, with an investment approach based on fundamental analysis and a long-term, buy-and-hold strategy.
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