Pitcairn Wealth Advisors LLC

ITEM 5: FEES AND COMPENSATION

Investment Advisory Services
The Firm provides discretionary and non-discretionary investment management services on a fee basis. The
Firm’s base annual investment advisory fee generally does not exceed 1.1%. This fee varies depending upon various
objective and subjective factors, including but not limited to: the amount of assets to be invested, the complexity
of the engagement, the anticipated number of meetings and servicing needs, related/householded accounts,
future earning capacity, anticipated future additional assets, and negotiations with the Client. As a result, similar
Clients could pay different fees. All fees will affect the Client's net account return. The Client's specific fee is set
forth in a written agreement with the Client.

Non-advisory Administrative Services
The Firm provides services such as bill payment, reporting, and other administrative services to clients. The fees
for these services are set forth in a written agreement with the Client.

Family Office Services
The Firm’s family office services are offered on an annual fixed fee basis. This fee varies depending upon various
objective and subjective factors, including but not limited to: the amount of assets to be invested, the complexity
of the engagement, the anticipated number of meetings and servicing needs, related accounts, future earning
capacity, anticipated future additional assets, and negotiations with the Client. As a result, similar Clients could
pay a different fee for these services. The Client's specific fee is set forth in a written agreement with the Client.

External Investment Manager, Pooled Vehicles, and Implementation Fees
USE OF RESEARCH AND INTELLECTUAL CAPITAL
Through the Firm, Clients may purchase research and intellectual capital from investment managers and use the
Firm or a third-party to implement the research into the accounts. Model Portfolios may be implemented with or
without tax overlay services such as individualized tax loss harvesting and individualized consideration of which
investments to place in qualified vs. non-qualified accounts, to attempt to optimize Client's after-tax returns.

MODEL PORTFOLIO ACCOUNTS WITHOUT TAX OVERLAY SERVICES
Tax-exempt accounts that do not require tax overlay are implemented by the Firm (rather than by a third party) for
a fee of 20 basis points (bps). This fee is in addition to the client's base investment advisory fee and the research
provider fees, which typically range from 15 to 50bps.

UNIFIED MANAGED ACCOUNTS (UMAs) WITH TAX OVERLAY SERVICES
A UMA is a single investment management account that can contain multiple asset classes and sleeves managed
by third party asset managers to provide simplified reporting, rebalancing and improved tax management. Taxable
investors may choose to implement their US or international equity allocation in a tax‐efficient manner through a
UMA managed by a third-party overlay manager. Given the complexities of tax overlay services within the Firm’s
UMA program and the sophisticated combination of model portfolios, the third parties' fee rates for US Equity
accounts are typically between 50 and 60bps and for International Equity accounts are typically between 75 and
80bps. The Client pays these third-party fees, including research provider fees and overlay manager fees, as well
as the Firm’s platform fee. These fees are more specifically described in the Firm's External Investment Manager,
Pooled Vehicles, and Implementation Fees disclosure that is provided to clients.

PRIVATE INVESTMENTS
The Firm uses the GLASfunds platform for operational administration of private investments. Portfolios
implemented via this platform are charged an operations fee of 15bps and a services fee of 32bps, as well as
Pitcairn's platform fee of 33bps, in addition to the base advisory fee. These fees are based on the market value of
the investments represented by the most recent capital account statements; Clients should note that there is
often a lag of one quarter or more in the issuance of these statements, so the fee charged in a given quarter may
be based on a value that is not current. The fees are adjusted to account for mid-quarter withdrawals and
contributions. The private funds themselves also charge fees; their fees are described in the fund offering or
subscription documents. Some private fund managers charge a performance fee in addition to their management
fee.

Financial Planning
General financial planning services are offered as part of the Firm's investment management services. For Clients
or Client families who require complex planning or planning on a specific focus area, the Firm charges a separate
fee. The fee for these focused or complex financial planning services is negotiated on a case-by-case basis. The
fee arrangement is set forth in the Agreement with the Client.

Additional Fees
Fees are charged for tax, consolidated intermediary, and technology platform services that range from $550 to
$750 per Client account group (by account registration).

General Information About Fees
Clients may elect to have the Firm’s advisory fees deducted from their custodial accounts. Both the Firm’s
Agreement and the custodial/clearing agreement may authorize the custodian to debit the account for the amount
of the Firm’s investment advisory fee and to directly remit that advisory fee to the Firm in compliance with
regulatory procedures. The Firm is permitted to engage third party service providers to assist with fee billing and
processing.

When the Firm bills the Client directly, payment is due upon receipt of the Firm’s invoice.

As discussed below, unless the Client directs otherwise or an individual Client’s circumstances require, the Firm
shall generally recommend that Fidelity Investments (“Fidelity”) provide custody services through National
Financial Services, LLC (“NFS”) for Client investment management assets.
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ITEM 7: TYPES OF CLIENTS

The Firm generally provides investment advisory services to individuals and high net worth individuals, single
family offices, business entities, private foundations, trusts and estates. The Firm generally requires a minimum
family relationship size of $25 million in investable assets for new clients and/or a minimum annual fee of $150,000
per family relationship for our services, but reserves the right to make exceptions to these requirements at its
discretion.