AdvisorCensus / Financial advisors / Florida / Jacksonville / Schrum Private Wealth Management, LLC
Schrum Private Wealth Management, LLC
Filed as SCHRUM PRIVATE WEALTH MANAGEMENT, LLC
Schrum Private Wealth Management, LLC is an SEC-registered investment advisory firm in Saint Augustine, FL, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 25, 2026.
Quick answers
From the filingHow is Schrum Private Wealth Management, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Schrum Private Wealth Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
What does Schrum Private Wealth Management, LLC's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 25, 2026 states: Asset-based fee: 0.45% to 1.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Schrum Private Wealth Management, LLC located?
Schrum Private Wealth Management, LLC's principal office is in Saint Augustine, FL, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Schrum Private Wealth Management, LLC registered with the SEC or a state?
Schrum Private Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 312164.
How much does Schrum Private Wealth Management, LLC manage?
Schrum Private Wealth Management, LLC reports $185,947,743 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).
How have Schrum Private Wealth Management, LLC's assets and staff changed since 2021?
In the Form ADV data for Schrum Private Wealth Management, LLC: Regulatory assets under management: $0 in the October 2021 data and $185,947,743 in the October 2026 data. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Schrum Private Wealth Management, LLC serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (136); high net worth individuals (32); corporations or other businesses not listed above (5).
Which custodians does Schrum Private Wealth Management, LLC use?
Schrum Private Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.
Does Schrum Private Wealth Management, LLC report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/312164
Does Schrum Private Wealth Management, LLC state an account minimum?
Its Form ADV Part 2A brochure dated March 25, 2026 says: "There are no minimum account assets required for Investment Management Services."
What changed in Schrum Private Wealth Management, LLC's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $166,432,084 to $185,947,743 (+12%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 0.45% to 1.5% a year (a range, as the brochure states it)
The brochure's wording
The Annual Advisory Fee is calculated based upon a percentage of assets under management and generally range from .45% to 1.5%, depending on the size and composition of a client’s portfolio, the type and amount of services rendered and the individual(s) providing the services.
Account minimum: None
The brochure's wording
There are no minimum account assets required for Investment Management Services.
As stated in the firm's Form ADV Part 2A brochure dated March 25, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$185,947,743 as of October 2026, filing dated March 25, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2021 (5 years)
- Employees
- Total: 3. Performing investment advisory functions: 3.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the April 2026 filing
- States registered or notice-filed
-
3 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $185,947,743 | 3 | March 25, 2026 |
| October 2025 | $166,432,084 | 3 | March 13, 2025 |
| October 2024 | $146,854,233 | 3 | March 28, 2024 |
| October 2023 | $132,010,141 | 3 | May 9, 2023 |
| October 2022 | $160,859,716 | 3 | May 9, 2022 |
| October 2021 | $0 | 3 | September 14, 2021 |
Regulatory assets under management: $0 in the October 2021 data and $185,947,743 in the October 2026 data.
Total employees: 3 in October 2021 and 3 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $166,432,084 to $185,947,743 (+12%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Schrum Private Wealth Management, LLC (CRD 312164): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/schrum-private-wealth-management-llc-saint-augustine-fl-312164