Pilgrims Capital Advisors Inc

Item 5: Fees and Compensation

Investment Management Fees
Advisory fees for STA’s investment management services are based on a percentage of the assets under
management or a flat fee. Annual fees range from one half of one percent (½ of 1% or 0.5%) to one and a
half percent (1.5%) or an equivalent flat fee. Fees are negotiable depending on the size and complexity of
your account.

Fees are payable on a quarterly basis in advance based on the market value of the assets under management
at the end of the preceding quarter. You are responsible for all brokerage commissions and any other charges
incurred by the custodian. Fees are deducted directly from your account by the Custodian. The custodian
will send you statements, at least quarterly, showing all disbursements for the account, including the amount
of the advisory fee. From time to time, STA may provide you with written updates and/or performance
reports for your accounts. You should carefully compare the reports and/or statements we send you to the
custodian’s official statements.

If your account is not invested for the full billing period (i.e., a full quarter), unearned fees will be repaid to
you based on a pro rata calculation. You may terminate your investment management agreement with us at
any time by providing us with written notice and such termination will be effective immediately upon receipt
of such notice.

Custodians may impose additional transactional or account-related fees. These fees are separate from STA’s
fees described in this Brochure and you are responsible for paying the Custodian’s fees.

Legacy Fee Schedule
As referenced in Item 2: Material Changes and Item 4: Advisory Business, Todd Ackermann recently joined
STA as an owner and brought his clients with him. Prior to joining STA, Mr. Ackermann’s clients signed
advisory contracts and agreed to specific fees (referred to as “Legacy Clients” and/or “Legacy Fees”). STA will
honor the Legacy Fees clients were being charged prior to Mr. Ackermann joining STA. As a result, there will
be Clients paying more or less than other clients for the same services. The maximum Legacy Fee is one and
a half percent (1.5%), consistent with STA’s maximum fee.

Additionally, the frequency and timing of billing may be different for Legacy Clients. Over time, we will work
to transition Legacy Clients to a unified STA investment management agreement to ensure operational
consistency across all valued clients.

Financial Planning Fees
Fees for financial planning depend on the complexity of the financial plan. Our max fee is $275 per hour.
Fees are paid after the consultation. Under no circumstances will our firm collect more than $1200 six or
more months in advance. You determine how many hours of financial counseling you will need. You may
terminate your financial planning agreement at any time by providing written notice, which will be effective
when received by STA. Any fees paid for which services have not been rendered, will be refunded to you on
a pro rata basis based on work performed.

We do not earn sales commissions for the sale of securities or other investment products, including asset-
based sales charges or service fees from the sale or servicing of mutual funds although clients may pay other
types of fees or expenses such as custodian fees or mutual fund expenses. Clients will also incur brokerage
and other transaction costs assessed by the custodian. These charges are separate and distinct from STA’s
fees and you are responsible for paying them. See Item 12: Brokerage Practices. Research and Other Soft
Dollar Benefits. STA does receive an annual revenue-sharing fee of 0.20bp from Eventide Funds on
Institutional Class Shares held in custodian client account that constitutes a conflict of interest. This creates
an incentive for the advisor. It is important that you review the disclosures related to this conflict of interest
in Item 14: Client Referrals and Other Compensation.

Additionally, we may select and monitor other money managers, on your behalf. If so, the overall AUM fee
is split and billed separately by other money manager and STA. For example: If a Third-Party Manager's total
AUM fee is 1%, a portion of the 1%, normally half, will be quarterly billed separately by both TPM and STA.
TPMs do not pay STA directly and the overall fee would be the same as if STA managed 100% of funds. You
are free to select any broker you wish for implementation of our advice and are not obligated to use brokers
or agents affiliated with STA.

Item 7: Types of Clients
Most of our clients are individuals, but we also we may also work with retirement plans, businesses,
charitable organizations, trusts & estates, and banks.

Minimum Account Requirements
STA has established account minimums. In order to work with STA, you must have $250,000 or annual
minimum fee of $3,000 (collectively, the “Account Minimum Standards”). We reserve the right to accept or
reject accounts based on our Account Minimum Standards, in our sole discretion.

Additionally, some of the third-party managers STA recommends may have account minimums, as well.