Schrum Private Wealth Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions. Financial planning was provided to 1–10 clients last fiscal year.
Schrum Private Wealth Management reports 173 clients. They include 136 individual clients, 32 high-net-worth individuals, and 5 corporations and other businesses. Of its assets, 99.9% ($186M across 354 accounts) are managed with discretion; $102K across 1 account is not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 79% | 26% |
| High-net-worth individuals | 18% | 73% |
| Corporations and other businesses | 3% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 136 | $48.3M | 26.0% | $355K |
| High-net-worth individuals | 32 | $136M | 72.9% | $4.24M |
| Corporations and other businesses | 5 | $2.01M | 1.1% | $403K |
| Total | 173 | $186M | 100% | $1.07M |
- Clients
- 136
- Regulatory AUM
- $48.3M
- AUM share
- 26.0%
- Avg. per client
- $355K
- Clients
- 32
- Regulatory AUM
- $136M
- AUM share
- 72.9%
- Avg. per client
- $4.24M
- Clients
- 5
- Regulatory AUM
- $2.01M
- AUM share
- 1.1%
- Avg. per client
- $403K
Total
- Clients
- 173
- Regulatory AUM
- $186M
- AUM share
- 100%
- Avg. per client
- $1.07M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Schrum Private Wealth Management charges 0.45%–1.50% a year for its Investment and Wealth Management Fees. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Stand-alone financial planning and consulting is a negotiable fixed fee of $500 to $10,000.
Eric Schrum owns 50% to 75% of Schrum Private Wealth Management. The leadership team of Schrum Private Wealth Management includes President Eric Schrum and Chief Investment Officer Owen Schrum. It has 3 employees.
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 soliciting firm
- Owns 50% to 75% of Schrum Private Wealth Management, LLC
Eric Schrum
Control person · since January 2025
- Owns 25% to 50% of Schrum Private Wealth Management, LLC
Owen Schrum
Control person · since January 2025
Schrum Private Wealth Management’s regulatory assets grew from $161M (May 2022) to $186M (March 2026); clients rose from 89 to 173 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $186M | 173 | 3 | 2 |
| Mar 2025March 2025 | $166M | 155 | 3 | 2 |
| Mar 2024March 2024 | $147M | 124 | 3 | 2 |
| May 2023May 2023 | $132M | 99 | 3 | 2 |
| May 2022May 2022 | $161M | 89 | 3 | 2 |
Besides its headquarters, Schrum Private Wealth Management has 1 office, with 2 listed addresses across 2 states.
Florida · 1 listed address
- 3940 Lewis Speedway, Suite 2201, Saint AugustineHQ
North Carolina · 1 listed address
- 4325 Lake Boone Trail, Raleigh
Contact and registration details
- Legal name
- Schrum Private Wealth Management, LLC
- Headquarters
- 3940 Lewis Speedway, Suite 2201, Saint Augustine, FL 32084
- Website
- schrumpw.com
- Phone
- 904-825-0422
- SEC file
- 801-122172
- Structure
- Florida LLC
- Fiscal year end
- December
Schrum Private Wealth Management’s named custodians for separately managed accounts are Charles Schwab ($144M, 78%) and Fidelity ($41.6M, 22%). Schrum Private Wealth Management does not have custody of client assets.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- FidelityNational Financial Services LLC · Boston, MA · $41.6M22%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $144M78%
At year end, Schrum Private Wealth Management’s separately managed accounts were mostly in stocks (83%). Its reported 13F holdings for the quarter ended 30 June 2026 total $97.3M across 109 positions; the largest are State Str SPDR S&P 500 ETF T (10.6%), Microsoft Corp. (7.2%) and Apple Inc. (3.9%).
What the accounts hold
- Stocks83%
- Funds5%
- Bonds6%
- U.S. government and agency bonds5%
- State and local bonds1%
- Cash6%
How many clients does Schrum Private Wealth Management have?
Schrum Private Wealth Management has 173 clients and manages $186 million for them, as of March 2026. They include 136 individual clients, 32 high-net-worth individuals, and 5 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026
What services does Schrum Private Wealth Management offer?
Schrum Private Wealth Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Schrum Private Wealth Management charge?
Schrum Private Wealth Management charges 0.45%–1.50% a year for its Investment and Wealth Management Fees. The fee is billed in arrears and is negotiable.
Source: 2026 SCHRUM PRIVATE WEALTH ADV 2A, filed 25 March 2026
Which custodians does Schrum Private Wealth Management use?
Schrum Private Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $144M and National Financial Services LLC (Boston, MA), with $41.6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026
How many financial advisors does Schrum Private Wealth Management have?
Schrum Private Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Schrum Private Wealth Management invest in?
At the end of its last fiscal year, Schrum Private Wealth Management’s separately managed accounts held 83% exchange-traded equities, 6% cash and equivalents, 5% U.S. government and agency bonds, 5% registered funds (mutual funds, ETFs, BDCs) and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Schrum Private Wealth Management?
Schrum Private Wealth Management’s direct owners are Owen Schrum (25% to 50%) and Eric Schrum (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026
How does Schrum Private Wealth Management get paid?
Schrum Private Wealth Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Schrum Private Wealth Management?
Schrum Private Wealth Management’s main office is at 3940 Lewis Speedway, Suite 2201, Saint Augustine, FL 32084. Its phone number is 904-825-0422. Its website is schrumpw.com.
