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Schrum Private Wealth Management
Founded by Owen and Eric Schrum, the firm operates as a fee-only registered investment advisor from offices in Raleigh, North Carolina, and Saint Augustine,...
Schrum Private Wealth Management
Founded by Owen and Eric Schrum, the firm operates as a fee-only registered investment advisor from offices in Raleigh, North Carolina, and Saint Augustine, Florida. The practice concentrates on retirement planning, portfolio management, and financial planning for individuals, joint accounts, trusts, and corporations. Its wealth-origin context is not publicly disclosed, and the firm does not publish an assets-under-management figure. The advisory focuses on traditional liquid-market asset classes for retirement-focused households. The firm's website emphasizes a process-driven philosophy — a four-step sequence moving from a 15-minute introductory call through a discovery meeting, a plan presentation it calls "The Big Reveal," and a mandated 24-hour reflection period. Geographic reach spans the Raleigh-Durham metro and the Saint Augustine area, serving a client roster that includes retail investors and corporate entities. The firm publicizes staff designations including CFP®, CIMA, and NSSA credentials, and describes its conflict-free, no-commission fee-only structure as a structural differentiator. The team lists three professionals: Eric Schrum, a CFP® certificant, Owen Schrum, and Mary Atkinson. Headcount and total client assets are undisclosed. The firm maintains a dual-presence footprint with contact points in Raleigh and Saint Augustine. No affiliated philanthropic foundations, club memberships, or parallel investment vehicles were identified from the firm's own disclosures. Structurally, Schrum Private Wealth Management operates as a local, fiduciary-constrained RIA rather than a multi-family office or deal-origination platform. Its posture is deliberately unhurried: the onboarding process forces at least a day's pause, and the website describes a search for long-term relationships without pushy sales tactics. This distinguishes it from high-velocity roll-up RIAs and commission-driven advice practices that dominate the mass-affluent retirement market.
General information
Firm type
Bank / Wealth / Trust
Year founded
2021
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Saint Augustine
Corporate office
4325 Lake Boone Trail Suite 225, Raleigh, NC 27607
Additional offices
Saint Augustine, FL
Principals
Owen Schrum
Team Member
Eric Schrum
Team Member, CFP® Professional
Mary Atkinson
Team Member
Frequently asked questions
What does the fee-only structure mean for clients?
Schrum Private Wealth Management is a commission-free advisory. It derives all client revenue directly from advisory fees, not from product sales or third-party kickbacks. The firm states this aligns its incentives with client outcomes — specifically, that it avoids conflicts of interest inherent in commission-based advice models.
Does Schrum Private Wealth Management manage institutional capital or just individual clients?
The firm's stated client base includes individuals, joint accounts, trusts, and corporations, but the marketing and process are built around households and families planning for retirement. There is no public record of pooled institutional vehicles or a dedicated institutional channel.
What investment strategy does the firm use for retirement portfolios?
The firm does not publicly detail its asset-allocation methodology or investment committee structure. Its content focuses on planning concepts — such as managing sequence-of-returns risk — rather than specific portfolio construction or manager selection. Published blog topics discuss investment risk and market outlooks, but the firm's specific strategy remains undisclosed.
How does the firm onboard a new client?
The onboarding process has four steps: a 15-minute introductory phone screen, a one-hour in-depth discovery meeting, a plan presentation described as 'The Big Reveal,' and a mandatory 24-hour waiting period before any decision. The firm explicitly states it does not use pushy sales tactics during this process.
Is Schrum Private Wealth Management a multi-family office or an RIA?
The firm is structured as a registered investment advisor (RIA) focused on wealth management and retirement planning. It lacks the multi-family office characteristics — such as direct investment access, consolidated reporting across complex entities, or lifestyle services — that would classify it as an MFO.
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