Schrum Private Wealth Management, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$183,933,200
Clients
168
Advisors
3
across 2 offices
About
Schrum Private Wealth Management is an SEC-registered investment adviser that serves individuals (including high-net-worth clients), trusts, estates, and certain business entities with discretionary investment and wealth management as well as written financial planning and consulting services. The firm provides ongoing portfolio oversight and can coordinate with clients’ other professionals to implement estate, tax, and insurance recommendations.
The firm’s investment process combines fundamental, strategic, and behavioral analysis with a derivative of Modern Portfolio Theory to build globally diversified portfolios that prioritize low-cost ETFs and no-load mutual funds; asset allocation, tax sensitivity, liquidity needs, and legacy positions are factored into customized strategies. Accounts are monitored on an ongoing basis with periodic rebalancing and tax-loss harvesting where appropriate, the firm may in limited circumstances permit margin use, and it offers householding aggregation and negotiable account arrangements to address client needs.
Schrum’s brochure discloses a written endorsement/referral arrangement with a promoter that provides prospect referrals (including up to five adviser names) in exchange for de minimis flat membership and territory fees, with required disclosures and no referral fee passed to clients—an arrangement that is uncommon among peer firms. The firm, which became an RIA in 2021 and manages approximately $186 million on a three-advisor team, also disclosed a 2025 succession plan, a combination of features that may be relevant to prospective clients assessing continuity and referral practices.
Client services
Expertise
Occupation focus
Fee options
$500 to $10,000 for financial planning and consulting services
$0+: 0.45% +: 1.5%
Main office
See office3940 Lewis Speedway, Ste 2201
St. Augustine FL 32084
Advisors at this office
2
Offices (2)
Most active in
Florida · North Carolina · Texas
Also doing business as
Icarus Advisors, LLC · Schrum Private Wealth Management, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Mary A
Series 63, Series 65
St. Augustine, FL
Schrum Private Wealth Management, LLC
Mary Atkinson is a financial advisor at Schrum Private Wealth Management, LLC with 24 years of industry experience. She holds Series 63 and Series 65 credentials and has worked at Schrum Private Wealth Management since 2021 and Spire Investment Partners since 2011. Schrum Private Wealth Management offers investment and wealth management services primarily to individual and high-net-worth clients. The firm uses a blend of Modern Portfolio Theory, fundamental, strategic, and behavioral finance analysis to build globally diversified, low-cost portfolios and emphasizes long-term investing with periodic tactical adjustments and tax-aware strategies.
Owen S
Series 63, Series 65
St. Augustine, FL
Schrum Private Wealth Management, LLC
Owen Schrum is a financial advisor with Schrum Private Wealth Management, LLC in St. Augustine, FL. He holds Series 63 and Series 65 licenses and has 41 years of industry experience. Prior to his current role, he has been with Spire Investment Partners since 2011. Outside of advising, Schrum is involved with Gallatin Ventures, an LLC established to develop a general insurance agency. Schrum Private Wealth Management provides investment and wealth management services primarily to individual and high-net-worth clients. The firm employs a strategy combining Modern Portfolio Theory with fundamental and behavioral finance to build globally diversified, low-cost portfolios, emphasizing long-term investing and tax-aware techniques.
Eric S
CFP®, Series 63, Series 66
Raleigh, NC
Schrum Private Wealth Management, LLC
Eric Schrum is a CFP® professional with nine years of industry experience, currently serving at Schrum Private Wealth Management, LLC in Raleigh, NC. He has worked at Founders Wealth Management and Planning since 2017 and had a prior role at Fidelity Brokerage Services LLC. Schrum Private Wealth Management offers investment and wealth management services primarily to individual and high-net-worth clients, utilizing a blend of Modern Portfolio Theory and behavioral finance to construct diversified, low-cost portfolios. The firm emphasizes long-term investing with periodic tactical adjustments and incorporates tax-aware strategies such as tax-loss harvesting.
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