Owen Schrum
Owen Schrum is a registered investment advisor at Schrum Private Wealth Management, LLC, based in St. Augustine, FL, with 41 years of industry experience. Owen operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Estate Planning, Financial Planning & Coaching, High Net Worth, and 4 more. Their firm serves 155 clients with $170M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Schrum Private Wealth charges an annual advisory fee based on a percentage of the assets they manage. This fee generally ranges from 0.45% to 1.5%, depending on the size and composition of your portfolio, the services provided, and the advisor involved. The fee is calculated monthly using the average daily balance. Schrum Private Wealth may also charge a flat fixed advisory fee, which is individually negotiated.
Location
3940 Lewis Speedway, Suite 2201, St. Augustine, FL, 32084
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Owen formed Gallatin Ventures LLC to acquire/build a general insurance agency. He also operates under the DBAs Founders Wealth and Capitol View Investment Partners, the latter to provide IAR services for clients introduced by a CPA firm.
Employment History
Current Registrations
Schrum Private Wealth Management, LLC
Previous Registrations
Spire Wealth Management, LLC
Spire Securities, LLCBroker
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Morgan Stanley Dw INC.Broker
Morgan Stanley
Barnett Investments, INC.Broker
Barnett Bond Service, INC.Broker
Interstate Securities CorporationBroker
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Painewebber IncorporatedBroker
State Registrations3 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.