Costello Financial Planning is a fee-only, independent firm.
Costello Financial Planning is a fee-only financial planning firm serving the Ann Arbor, MI and Chicago, IL area. Costello Financial Planning specializes in providing objective financial planning to help clients build, manage, grow, and protect their assets through life’s transitions.
We take a 30,000 foot view approach to help better plan for your future. As an independent, fee-only firm we are built to look and feel different from your traditional Wall Street brokerage firms. As opposed to traditional Wall Street brokers who receive compensation for selling specific products or funds, we do not sell any products. We pride ourselves on transparency and acting in your best interests.
When you are planning your finances you need an advisor who will anticipate the major financial milestones for you and your family. Some of these events are easily foreseen, events like retirement, or college planning. Other life events, while not necessarily foreseeable, need to be addressed. Things like job changes, an unexpected health issue, or widowhood for those who must be ready to use what they have to maintain a given lifestyle.
Planning: where the first part of comprehensive financial planning comes into play.
Formulating a good plan is very important to your financial health, just like an accurate diagnosis is important in addressing a serious medical issue. A good plan, like a good diagnosis, requires a financial planner to ask the right questions and to assess accurately where things stand. So is a good plan the end of the job? Hardly.
A good plan, standing alone, just like an on-the-money diagnosis, does not solve the patient’s problem. A good plan must be followed by a meticulous follow-up and execution. That is every bit as important as meticulous treatment for a medical issue.
So what exactly is it that we are proposing that will make your life better?
What we have seen, on many occasions, are clients who are fairly well-read; clients who understand what they should do; but for lack of time, or simply out of fear of the unknown, or for whatever reason, simply find it difficult to consistently manage a particular financial plan.
Do you need a second opinion?
When you are not comfortable with a doctor’s diagnosis, you go elsewhere for a second opinion. Sometimes a family practitioner or internal medicine doctor refers a patient to another physician for a medical issue that requires specific expertise. We provide expertise in assessing your financial condition. From there we develop an appropriate plan and create action plans that will systematically put that plan into play. We also work with other advisors like CPAs or Estate Planners to make sure there are no gaps in your plans. As we continue to grow, we have scheduled check-ins and make the appropriate adjustments. We do so in order to ensure that the plan continues to work, that goals are being met, and that adjustments are made as needed.