Raleigh, NC Office

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.