# Schrum Private Wealth Management

Schrum Private Wealth Management is a Bank / Wealth / Trust based in Saint Augustine, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Saint Augustine, United States
- **Region:** North America
- **Address:** 4325 Lake Boone Trail Suite 225, Raleigh, NC 27607
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** schrumpw.com
- **LinkedIn:** linkedin.com/company/schrumprivatewealth

## Regulatory record

- **CRD number:** 312164
- **SEC file number:** 801-122172
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-25T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/312164

## About

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.

## Offices

- Saint Augustine, FL

## People

- Owen Schrum — Team Member
- Eric Schrum — Team Member, CFP® Professional
- Mary Atkinson — Team Member

## 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.

## Related profiles

- [Schroders Greencoat](https://altss.com/profile/schroders-greencoat)
- [Schulmerich & Associates Asset Management](https://altss.com/profile/schulmerich-associates-asset-management)

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Last updated: 2026-06-03T20:00:00.000Z

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