Patrick Thomas Sewards is an investment advisor in the Greater Philadelphia area holding the Chartered Financial Analyst (CFA®) designation. With over 15 years of experience managing investment portfolios for individuals, businesses, and non-profits, Patrick is passionate about helping his clients create personalized financial plans that meet their needs today and set them up for future success. With deep expertise in portfolio construction, retirement planning, and risk management, Patrick has become a trusted advisor to those seeking either growth and preservation of their wealth, offering complimentary consultations to individuals looking to partner with a financial advisor or seeking a second opinion.
Costello Asset Management, Inc. is an independently owned, fee-based SEC registered investment advisory firm for Individuals, Families, Businesses, Estates & Non-Profits. Our mission is to develop a thorough understanding of your overall financial situation, utilize our experience and expertise to design your customized investment strategy, create your portfolio with appropriate investments, and provide ongoing asset management to help achieve your financial goals.
General Information |
| Firm Start Year: | 1999 | |
| No. of Employees: | 2-4 | |
| automated call: | Yes |
| Name of Custodial Firm: | Charles Schwab |
| Work Experience: | Patrick's interest in finance and investing took root during his time at Penn State University, where he earned a Bachelor of Science in Economics. Early in his career, he recognized the importance of strategic financial planning and always putting clients first, setting the stage for a varied and successful journey in the finance industry. After completing his degree, Patrick quickly advanced in the financial services sector, taking on key roles at renowned firms like BlackRock, where he played a pivotal role in driving the growth of multi-billion-dollar portfolios, and at National Philanthropic Trust, where he was instrumental in managing donor-advised funds in partnership with JPM Private Bank. Patrick's dedication to providing client-centered, fiduciary advice is evident in his current role as an Investment Advisor at Costello Asset Management, where he prioritizes his clients' unique needs and financial goals. His career accomplishments are supported by an impressive array of certifications, including the Chartered Financial Analyst (CFA) designation and series 66 license. |
| Work with the following types of clients: | Non-Profit Organizations, Individual Investors, Businesses |
| Advisory Services Provided: | Retirement Planning, Portfolio Management, Financial Planning, Insurance Products & Annuities, Estate Planning & Trusts, Investment Advice & Management, Financial Advice & Consulting, 401K Rollovers, Wealth Management, Money Management, Education Funding and Planning, Financial Planning for Individuals, Financial Planning for Businesses, Tax Advice and Services, Legal Advice and Services, Risk Management |
Services |
| Investment Types: | Insurance, Annuities, Stocks, Bonds, Options & Futures, Mutual Funds, Exchange Traded Funds (ETFs), Socially Responsible Investments (SRI) |
| Can meet clients in the following ways: | Email, Phone, Our Office, Your Home, Your Office, Video Conference |
Firm Information |
| Firm's Number of Clients: | 330 |
| Firm's Number of Planning Clients: | 330 |
| Firm's Number of Managed Clients: | 330 |
| Assets Managed by Firm: | $320 million |
| Advisor's Number of Clients: | 330 |
| Advisor's Number of Managed Clients: | 330 |
| Advisor's Number of Planning Clients: | 330 |
| Assets Managed by Advisor: | $320 million |
Compensation and Fees |
| Fee Structure: | Fee-Only |
| Minimum Portfolio Size for New Managed Accounts: | $100,000 |
| Compensation Methods: | Based on Assets |
| Fee % Based on Assets: | Vairies |
Education |
| B.S. - Economics | Pennsylvania State University - University Park, PA 8/1998-5/2003 |
Financial Services |
| Portfolio Management
Our team provides our clients with a wealth of professional insight, takes time to develop a thorough understanding of their overall financial picture and address concerns to achieve personal financial goals. Our investment advisors are accessible, professional, and respectful of client confidentiality. In addition, we will accommodate client schedules and are willing to meet outside the office at a location and time convenient to you. |
| Estate Planning & Trusts
Estate planning is a vital component of every client's financial strategy. At a minimum, everyone should have a will, power of attorney, and healthcare proxy. For clients with young children, trusts under their wills ensure assets are managed properly for their child's benefit. I collaborate with attorneys to implement effective estate plans and develop complex estate planning strategies when necessary. Trust me to help you secure your legacy and provide peace of mind for you and your loved ones. |
| Wealth Management
Recognizing that every client's financial goals are unique, Costello Asset Management, Inc. designs and builds investment portfolios that reflect those specific financial goals while focusing on providing economic value and superior service. We offer a free initial exploratory consultation, which includes the determination of the client's investment objectives, identification of financial goals and risks, current and expected cash flow needs, education funding needs, and retirement and estate planning. |
| 401K Rollovers
We can assist you in rolling over your 401(k) to an IRA, providing you with greater control, reduced fees, and a more comprehensive range of investment options. If you're retired, transitioning your 401(k) to an IRA can help optimize your financial plan by minimizing expenses and allowing you to diversify your investments |
| Retirement Planning
Achieving financial independence is one of the most common goals I encounter. In a world where pensions are increasingly rare, retirement planning falls squarely on the individual. I leverage my expertise and experience to help clients navigate each stage of retirement planningfrom building wealth during the accumulation phase to transitioning into generating a steady cash flow in retirement. No matter which phase you're in, Im here to add value and support your journey |
FAQs |
Do you have a customer satisfaction or refund policy?We are committed to your complete satisfaction with our financial planning services. If you are not fully satisfied, we will refund your financial planning fees. Trust us to deliver exceptional service and peace of mind, guaranteed. |
Why should I choose you as my financial advisor?As a fiduciary, I prioritize your best interests in all financial decisions. I begin by understanding your financial goals and needs, leveraging years of experience and knowledge to drive results. My commitment is to build long-term relationships, guiding you through the various phases of your life to achieve your financial aspirations. |
How are you compensated? How will I pay for your services?We operate exclusively on a fee-only basis, providing you with clear and straightforward pricing. We bill quarterly on the assets managed during the previous quarter. Our financial planning and investment advice are included in this single fee. Enjoy the peace of mind that comes with transparent, value-driven service. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something?We typically manage client accounts on a "discretionary" basis, allowing us to make buy or sell decisions without requiring prior permission or discussion for each transaction. This approach is guided by your objectives and other factors discussed upfront and reviewed regularly. We believe this method is beneficial for both you and us. However, for new clients, we are happy to discuss transitions more frequently upon request. Trust us to manage your portfolio efficiently and effectively, providing you with peace of mind. |
Have you ever been charged with any breaches?No |
Disclosures |
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WiserAdvisor provides referrals to financial professionals. WiserAdvisor is not a current client of advisor or advisory services. Financial professionals pay cash compensation for these referrals, which creates the incentive for WiserAdvisor to make these referrals, resulting in a conflict of interest. |
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Additional Detailed Disclosures |
Disclaimer |
| The information contained in this message is intended only for the personal and confidential use of the recipient(s) named above. If the reader of this message is not the intended recipient or an agent responsible for delivering it to the intended recipient, please notify us immediately, and delete the original message without any review/dissemination thereof. Please Note: There can be no assurance, nor should there be any expectation, that Costello Asset Management, Inc. ( CAM ) shall review or act upon any email on the day it is received-please be guided accordingly. Please remember to contact CAM, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you want to impose, add, to modify any reasonable restrictions to our investment advisory services. CAM shall continue to rely on the accuracy of information that you have provided. A copy of our current written disclosure Brochure and Form CRS discussing our advisory services and fees continues to remain available for your review upon request or at www.costelloassetmanagement.com. |
Registered Investment Advisor:
Yes
Investment Advisor Representative:
Yes
Acknowledged fiduciary:
Yes
Compliance Disclosures in Last 5 years:
I have a clean record
Criminal Disclosures in Last 5 years:
I have a clean record
| Sun. | 12:00 PM - 4:00 PM |
| Mon. | 9:00 AM - 6:00 PM |
| Tue. | 9:00 AM - 6:00 PM |
| Wed. | 9:00 AM - 6:00 PM |
| Thu. | 9:00 AM - 6:00 PM |
| Fri. | 9:00 AM - 6:00 PM |
| Sat. | 11:00 AM - 5:00 PM |
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