Biondo Investment Advisors, LLC (Biondo) was founded by Joseph R. Biondo (Joe) in March 2004. His son, Joseph P. Biondo (Joseph), joined Biondo in November 2004. Joseph serves as Chief Executive Officer and Chief Investment Officer. Both also function as Biondo’s Portfolio Managers along with Scott A. Goginsky, CFA®. The Biondo Group, LLC began managing the Firm’s flagship Growth Strategy under Smith Barney in 1991. Biondo is wholly owned by The Biondo Group, LLC. Joseph P. Biondo is the member manager of The Biondo Group, LLC. Joseph R. Biondo, Karl A. Wagner III, Genevieve C. Sullivan-Cornell and Scott A. Goginsky are members. Biondo provides investment supervisory services for approximately 93% of the Firm’s assets under management. "Investment supervisory services" means the giving of continuous advice as to the investment of funds on the basis of the individual needs of each client. Biondo manages separate accounts on a discretionary, fee-for-service basis as a percentage of assets under management. Portfolio Managers have authority to determine, without specific client consent, both the specific securities and the dollar amount to be bought or sold. Discretionary accounts are generally Wrap Fee Accounts unless other arrangements are made. Please refer to Appendix 1, Biondo’s Wrap Fee Brochure, for more information on that program. As an accommodation to clients, Biondo accepts non-discretionary accounts that represent 7% of Biondo’s assets under management, as well as advisory-only relationships, in which the Firm provides advice or other advisory services, but has no trading capabilities. Advisory-only assets are not included in the Firm’s assets under management, but represent 2% of the Firm’s total assets under advisement. The type of investments on which Biondo offers advice includes:
• equity securities (exchange-listed, over-the-counter, and foreign issued),
• warrants,
• corporate debt securities (other than commercial paper),
• commercial paper,
• certificates of deposit,
• municipal securities,
• mutual fund shares,
• United States governmental securities,
• options contracts on securities, and
• insurance and fixed annuities. Biondo does not call its supervisory services or investment management “financial planning” but rather offers financial planning services under a separate program for a fee and considers these additional services as a means to assist in the development of a diversified portfolio and investment plan. Launched in early 2019, Biondo offers two types of financial planning services; “Foundation” and “360.” “Foundation” service focuses primarily on general financial planning which includes but is not limited to:
• establishing and identifying client priorities and goals,
• developing personal financial statements,
• performing time value money calculations,
• discussing and evaluating debt management and protection planning strategies,
• establishing and determining risk profiles,
• discussing potentially

appropriate investment vehicles and strategies and,
• communicating planning results and recommended actions. The “360” service topics include:
• General Principles of financial planning (listed above)
• Education Planning
• Risk Management and Insurance Planning
• Investment Planning
• Tax Planning
• Retirement Savings
• Income Planning
• Estate Planning “360” clients have more complex financial planning scenarios and require more hours, analysis and research. “360” is reserved for clients who have a minimum net worth of $2.5 million OR $1 million of investable assets and request various scenarios and analyses of their assets. Each client is provided with an electronic copy of their balance sheet and net worth statement, prepared at the time of the service. Recommendations and a secure client portal to access their plan and aggregate their accounts is also provided in this service. Biondo Investment Advisors, LLC will waive all and/or refund financial planning fees described above for clients who are participating in Biondo Investment Advisors Managed Account program. Biondo Investment Advisors, LLC (Biondo) offers investment advisory services for a fee, generally based on the assets under management. A conflict may exist when recommending an investment manager due to this fact. Biondo Wealth Services, LLC (BWS), an affiliate of Biondo, offers insurance and fixed annuities, which may also create a conflict. Clients will be advised of any other conflicts should they arise. Biondo tailors its advisory and financial planning services to the individual needs of clients by reviewing a client’s personal information, goals and risk tolerance before the client enrolls in any sponsored program. Biondo’s Investment Advisory Agreement includes a disclosure statement, and a financial and suitability questionnaire that all potential clients are asked to review and complete. An analysis of this information is combined with data obtained from the resource tool, Riskalyze, to determine whether a client’s portfolio should be aggressive, moderate or conservative. Clients may impose certain restrictions on investing in particular securities. Clients are requested to inform Biondo of any changes in the information provided at account inception, and an investment strategy questionnaire is sent out annually. Biondo participates in Wrap Fee Programs by providing portfolio management services. Biondo manages wrap fee accounts in the same way as other discretionary client accounts. The fee schedule for management of wrap fee accounts is different. Biondo receives the wrap fee for its services. A full description of fee calculation and compensation is explained below. As of December 31, 2023, Biondo managed 1,133 accounts totaling $858,425,514 on a discretionary basis. Biondo also advises accounts on a non-discretionary basis, totaling $68,621,728 as of December 31, 2023. Biondo’s advisory-only assets totaled $22,374,608 as of December 31, 2023, and are not included in the Firm’s assets under management.