Overview
Milestone Investments, Inc. (“Adviser”, we, us, our), located in Charlotte, North Carolina, is a
corporation organized under the laws of the State of North Carolina. The Adviser has been
in business since 1999 and is owned by Fredrick W. Fisher and Richard W. Addis, Jr.
Milestone Investments, Inc. is registered as an investment adviser with the United States
Securities and Exchange Commission.
Adviser provides non-discretionary investment advisory services to sponsors of qualified
retirement plans, individuals, endowments, and personal trusts. The advisory services will
generally be limited to asset allocation, ETF/mutual fund/stock/bond/variable annuity
performance, cost, style comparisons, and suitability analysis.
With regard to qualified retirement plans, services provided by the Adviser under ERISA
3(21) are non-discretionary.
Portfolio Management Services
The investment accounts managed by our IARs may consist of mutual funds, exchange-
traded 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, 2022, and in its capacity as a Registered Investment Adviser, the firm
managed approximately $170.8 million in client assets on a non-discretionary basis where
our clients made the investment decisions based upon our recommendations.