Milestone Investments, Inc.: investment adviser

The investment accounts managed by our IARs may consist of mutual funds, exchangetraded funds (“ETFs”), individual stocks and bonds, Certificates of Deposits (“CDs”) and variable annuities. Your investment accounts and strategies are based upon your specific individual investment objectives, goals, and risk tolerances. Our IARs rely on you to notify them of any changes your objectives, goals, and risk tolerances, as well as any changes in your personal circumstances (such as employment, marital status, financial condition, etc.). These changes may require changes in your investment account and the strategies employed. Our IARs will manage your account on a non-discretionary basis, meaning that your IAR must obtain your specific prior approval before a transaction can be affected for your investment account. You may impose reasonable restrictions upon the manner in which your IAR manages your investment account. For example, you may restrict the management of your account to certain types of investment products or investment strategies.

Investment Consulting Services

Our IARs may offer investment consulting services that are limited to the specific areas you identify. These services are not considered financial planning services because we will not perform a comprehensive analysis of your financial position and may not prepare a written report depending upon the specific one-time or infrequent advisory service that is requested. Assets Under Management

As of December 31, 2024, and in its capacity as a Registered Investment Adviser, the firm managed approximately $277.3 million in client assets on a non-discretionary basis where our clients made the investment decisions based upon our recommendations.

Clients will receive a notification of the amount they have authorized to be deducted from their accounts in a timeframe consistent with the deductions. Certain corporate retirement plan sponsors use a third-party vendor to provide recordkeeping of its mutual funds. Such plan sponsors often require Investment Advisory oversight to monitor performance, develop asset allocation models and help its participants determine suitability. Upon written agreement, Adviser will provide such oversight and assess up to a 1% annual fee on assets under management. This fee is negotiable and is relative to the asset size, complexity and magnitude of the advisory services. The fee may be incorporated into the asset fee charged and deducted by the third-party recordkeeping vendor and paid directly to Adviser no more frequently than monthly. The method of fee deduction can vary based upon the recordkeeping platform used. The details of the fee/billing deduction methodology will be addressed in the client agreement. The retirement plan sponsor can terminate its agreement with Milestone Investments, Inc. at any time without penalty. Accounts closed before the end of a calendar quarter will be assessed a pro-rata fee based upon the number of days the account existed in that quarter.

Investment Consulting Fees

For situations in which one-time or infrequent advisory service is requested, upon written agreement, Milestone Investments, Inc. will charge an hourly rate of up to $350 with a minimum fee of $500 per service. The hourly rate is negotiable and is based upon the asset size, complexity, and magnitude of the advisory services. The $500 minimum fee is billed in advance and the remainder, if any, upon the completion of the advisory service. This agreement can be terminated at any time and the client will only be charged for the hours incurred (with a minimum fee of $500). If the client terminates the agreement within the first 5 days, only the time incurred providing bona fide advisory services will be charged and the $500 minimum is waived. The specific manner in which fees are charged by Adviser is established in a client’s written agreement with Adviser. Adviser’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses which shall be incurred by the client. Clients may incur certain charges imposed by custodians, brokers, third party investment and other third parties such as fees charged by managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions. Mutual funds and Exchange Traded Funds also charge internal management fees, which are disclosed in a fund’s prospectus. Such charges, fees and commissions are exclusive of and in addition to Adviser’s fee, and Adviser shall not receive any portion of these commissions, fees, and costs. Our IARs may also be registered representatives of Milestone Investments, Inc. in its capacity as a broker-dealer, member of Financial Industry Regulatory Authority (“FINRA”) and Securities Investor Protection Corporation (“SIPC”). We permit our IARs to implement the recommendations from a financial plan through the broker-dealers through which they are registered. Thus, your IAR could receive both a fee for financial planning services and commissions from the transactions effected to implement the recommendations from the financial plan. If you choose to effect securities transactions through your IAR in his/her capacity as a registered representative of a broker-dealer, your IAR may receive commissions and other compensation for those transactions. For example, your IAR may receive 12b-1 fees, which are fees paid by mutual fund companies for the on-going marketing of their investment products. Our IARs may also be licensed to sell insurance products through various insurance companies that are unaffiliated with us. As such, they may receive commissions from any insurance products you purchase through them.

The arrangements described above present a conflict of interest because they could create an incentive for your IAR to make recommendations based upon the amount of compensation he or she could receive rather than based upon your particular needs. We are nonetheless committed to always acting in your best interests. You are under no obligation to purchase investments or insurance products or to implement any financial plan recommendations through your IAR. You may purchase those products and implement recommendations through the investment or insurance professional of your choice.

The analysis process for mutual funds, ETFs, individual equity and income securities and variable annuities includes examination of portfolio statistics (e.g., risk profile, valuations, correlations, style, etc.), underlying holdings, historical performance, fee structure, management team and corporate governance. Each security is considered with and against other securities of varying asset classifications in the construction of an investor’s portfolio. Morningstar Office software is the primary tool used in portfolio construction, monitoring and maintenance. The process of constructing the investor’s portfolio is guided by the agreed upon investor risk profile and investment

suitability. The criteria in determining a suitable investment includes the investor’s time horizon, risk tolerance, income needs, current income and other assets. Investing in securities involves risk of loss that clients should be prepared to bear.

Furthermore, such transactions will be subject to the regulatory and compliance requirements of the appropriate regulatory bodies. As previously noted, our IARs are registered representatives of Milestone Investments, Inc. in its capacity as a broker-dealer. They are also licensed to sell insurance products of various insurance companies that are unaffiliated with us. You are under no obligation to utilize the services of your IAR in the purchase or sale of securities or insurance products through his/her association with a broker-dealer or insurance company. However, any transactions you may affect through your IAR in conjunction with those relationships may result in the receipt of commissions or other compensation in addition to any advisory fees we charge. Information about your IAR’s financial industry activities and affiliations is disclosed in the IAR’s Supplement which you will receive with this brochure. Additional information about your IAR is also available at www.adviserinfo.sec.gov.

Subject to satisfying this policy and applicable laws, officers, directors and employees of Adviser and its affiliates may trade for their own accounts in securities which are recommended to and/or purchased for Adviser’s clients. The Code of Ethics is designed to assure that the personal securities transactions, activities and interests of the employees of Adviser will not interfere with (i) making decisions in the best interest of advisory clients and (ii) implementing such decisions while, at the same time, allowing employees to invest for their own accounts. Adviser’s new clients will receive a copy of the firm’s Code of Ethics at the time of engagement. Existing or prospective clients may request a copy of the firm's Code of Ethics by contacting Fredrick W. Fisher.

reputation

reporting capabilities

execution capabilities

competitive pricing

types and quality of research

electronic links with other service providers, and

institutional trading and custody services, which include: o Enhanced research, and o access to mutual funds and other investments that are otherwise generally available only to institutional investors or would require a significantly higher minimum initial investment.

Transaction cost was an important aspect in our selecting Charles Schwab, however, this was not the only determining factor. The efficient interaction between Charles Schwab and other software and recordkeeping services used by our firm enables our adviser representatives the best resource in providing oversight and execution of authorized transactions for our customers. While our recommendation of Charles Schwab may be based in part on the efficiencies to us and not solely on cost, we believe that the overall level of services and support provided to our clients by Charles Schwab outweighs the benefit of possibly lower transactions cost which may be available under other brokerage arrangements. Directed Brokerage

You may direct us in writing to use a custodian other than Charles Schwab for your account. If you do so you may be responsible for negotiating the terms and arrangements for the account with that custodian. We may not be able to negotiate commissions, obtain volume discounts, or best execution with other custodians. A difference in transaction fees and expenses may also exist between those charged to clients who direct us to use a particular custodian and other clients who do not. Bunched Trading

Adviser does not engage in bunched trading, which is the purchase or sale of a security for the accounts of multiple clients in a single transaction. Each client is managed specifically to their goals and risk profile, and in that we do not act with discretionary authority in executing trades, all transactions are executed on an individual client basis with no opportunity for aggregation or bunching of trades.

Educational Background and Business Experience

Chief Compliance Officer and Adviser Representative: Fredrick W. Fisher was born in 1962 and received his BBA in Computer Science from the University of Toledo in 1984. Fredrick is an owner and a registered principal of Milestone Investments, Inc. He joined Milestone Investments, Inc. in August 2001 as a registered representative selling mutual funds and variable annuities and became an investment advisor representative of the firm in March of 2002. Fredrick spent 16 years in the financial services industry with Nationwide, Aetna and Wausau in various marketing and management positions. His primary focus has been on the distribution and servicing of financial products in the qualified retirement plan market. Additionally, Fredrick provides investment research and asset allocation services for individuals’ wealth management needs. Professional designations: Fredrick was awarded the Chartered Financial Consultant (ChFC) designation through the American College in 2001. The ChFC designation requires the completion of eight or more college-level courses on all aspects of financial planning from The American College. Each ChFC must also complete a minimum of 30 hours of continuing education every two years and must meet extensive experience requirements. Fredrick also holds the Accredited Investment Fiduciary (AIF) designation from the Center of Fiduciary Studies. The AIF designation requires a course of study focusing on investment fiduciary prudent practices, their legal underpinnings and how to apply them within existing fiduciary policies and procedures. The AIF designation requires the annual completion of six hours of continuing education and a pledge to a code of ethics.

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Disciplinary Information

Mr. Fisher has not been the subject of any legal or disciplinary event.

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Other Business Activities

In addition to his association with Milestone Investments, Inc., Fredrick is also an independent licensed insurance agent (since 1999) offering life, health and disability insurance products and services through unaffiliated insurance companies. If Mr. Fisher provides services for you as an insurance agent, he may receive commissions or other compensation from the sale of insurance products and services to you. This additional compensation may present a conflict of interest because it creates an incentive to recommend products and services based upon compensation, rather than on your needs. Mr.

Fisher will explain the costs associated with any recommendations he makes. You have no obligation to do business with Mr. Fisher in his other capacities.

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Additional Compensation

Mr. Fisher receives additional compensation for his activities as an insurance agent. This may also include applicable sales awards and other prizes. This compensation is described under “Other Business Activities” above.

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Supervision

Mr. Fisher is supervised directly by Richard W. Addis, Jr. Mr. Addis may be reached at 877-716-2749. Mr. Addis supervises Mr. Fisher by requiring that he adheres to the processes and procedures described in Milestone Investments, Inc.’s Code of Ethics and Compliance Procedures. Additionally, Mr. Addis will monitor Mr. Fisher’s advisory activities on a periodic and on-going basis by reviewing areas including, but not limited to, the following: Account opening documentation; Account transactions; Custodial information to assess account activity; Evidence that your financial situation, objectives, and individual investment needs are reviewed no less than annually; and Client communications.

Item 1 – Cover Page 10700 Sikes Place, Suite 315 Charlotte, NC 28277 877-716-2749 – Phone 704-716-2748 – Fax

Richard W. Addis, Jr. Brochure Supplement

January 2026

This brochure supplement provides information about Richard W. Addis, Jr. that supplements Milestone Investments, Inc.’s brochure. You should have received a copy of that brochure. Please contact Milestone Investments, Inc. toll free at 877-716-2749 or email ffisher@mstone401k.com if you did not receive Milestone Investments, Inc.’s brochure or if you have any questions about the contents of this supplement. Additional information about Mr. Addis, CRD Number 3143354, is also available on the SEC’s website at www.adviserinfo.sec.gov.

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Educational Background and Business Experience

Chief Operating Officer and Adviser Representative: Richard W. Addis Jr. was born in 1968 and received his BS in Business Administration from the University of North Carolina at Charlotte in 1992. Richard is an owner and a registered principal of Milestone Investments, Inc. Richard joined Milestone Investments, Inc. in October 2003 as a registered representative selling mutual funds and variable annuities and as an investment advisor representative. Richard also spent 5 years as a registered representative with Transamerica, Cigna and Park Avenue Securities with a focus on qualified retirement plans. Additionally, Richard provides investment research and asset allocation services for individuals’ wealth management needs. Professional designations: Richard holds the Accredited Investment Fiduciary (AIF) designation from the Center of Fiduciary Studies. The AIF designation requires a course of study focusing on investment fiduciary prudent practices, their legal underpinnings and how to apply them within existing fiduciary policies and procedures. The AIF designation requires the annual completion of six hours of continuing education and a pledge to a code of ethics.

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Disciplinary Information

Mr. Addis has not been the subject of any legal or disciplinary event.

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Other Business Activities

In addition to his association with Milestone Investments, Inc., Richard is also an independent licensed insurance agent (since 1998) offering life, health and disability insurance products and services through unaffiliated insurance companies. If Mr. Addis provides services for you as an insurance agent, he may receive commissions or other compensation from the sale of insurance products and services to you. This additional compensation may present a conflict of interest because it creates an incentive to recommend products and services based upon compensation, rather than on your needs. Mr. Addis will explain the costs associated with any recommendations he makes. You have no obligation to do business with Mr. Addis in his other capacities.

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Additional Compensation

Mr. Addis receives additional compensation for his activities as an insurance agent. This may also include applicable sales awards and other prizes. This compensation is described under “Other Business Activities” above.

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Supervision

Mr. Addis is supervised directly by Fredrick W. Fisher. Mr. Fisher may be reached at 877-716-2749. Mr. Fisher supervises Mr. Addis by requiring that he adheres to the processes and procedures described in Milestone Investments, Inc.’s Code of Ethics and Compliance Procedures. Additionally, Mr. Fisher will monitor Mr. Addis’ advisory activities on a periodic and on-going basis by reviewing areas including, but not limited to, the following: Account opening documentation; Account transactions; Custodial information to assess account activity; Evidence that your financial situation, objectives, and individual investment needs are reviewed no less than annually; and Client communications.