Schrum Private Wealth Management, LLC (“Schrum Private Wealth,” “we,” “us,” “our,” “the Firm”) is an investment adviser (“adviser” or “RIA”) registered with the Securities and Exchange Commission (“SEC”). Schrum Private Wealth Management became an RIA in 2021. Prior to becoming an RIA, the owner and Chief Executive Officer of the firm, Owen L. Schrum, provided advisory services to clients through different RIAs. Schrum Private Wealth offers a variety of advisory services, which includes investment and wealth management and financial planning. Schrum Private Wealth specializes in providing advisory services to high-net worth clients as well as individuals (together “clients” or “you”). Clients meet with an Investment Advisor Representative (“Advisor,” “IARs” or “Wealth Manager”) to determine if an investment management account is in their best interest, uncover their investment goals and objectives, determine suitable investment strategies, review portfolios with the clients, and if there were any changes to the client’s financial goals and objectives, we will adjust the portfolio holdings and/or allocations accordingly. Wealth Managers also work with clients to create financial plans. Schrum Private Wealth’s principal place of business is located in Saint Augustine, Florida. Schrum Wealth Management is a limited liability company whose shares are solely owned by Mr. Owen L. Schrum. Schrum Private Wealth is a Fiduciary to You In serving as an investment adviser to its clients, Schrum Private Wealth is a fiduciary. Schrum Private Wealth is registered under the Investment Adviser Act of 1940, as amended (“Advisers Act”), which places a fiduciary obligation on Schrum Private Wealth in terms of the way Schrum Private Wealth provides advisory services to its clients. In addition, Schrum Private Wealth provides services as a “fiduciary” (as the term is defined in Section 3(21)(A) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) and/or Section 4975 of the Internal Revenue Code of 1986, as amended (“the Code”)), with respect to Retirement Accounts. For the purposes of this Brochure, the term “Retirement Account” is used to cover certain retirement plans under Title I of ERISA, which includes Individual Retirement Accounts (“IRAs”). As a fiduciary, Schrum Private Wealth’s responsibility is to make sure your best interests come first. Schrum Private Wealth provides you with full disclosure of all material facts relating to its investment advisory relationship with you. The advisory services are designed to avoid conflicts of interest. In situations where the appearance of, or potential for, such conflict is unavoidable, Schrum Private Wealth will disclose the details to you. Schrum Private Wealth will provide you with objective investment advice. Portfolio investments and asset allocation decisions, along with financial planning, are subject to a due diligence process by our experienced investment professionals. Schrum Private Wealth investment strategy recommendations are provided to you only after we thoroughly review your investment goals, financial situation, liquidity needs, tax sensitivity and risk tolerance (together “Investor Profile”). We will provide ongoing investment advice to you and if your goals change, we will work with you to keep your investment strategy in-line with those changes. Schrum Private Wealth will provide ongoing monitoring of your portfolios and make changes to the portfolio holdings and asset allocations as necessary. Prior to Schrum Private Wealth rendering any advisory services, clients are required to enter into one or more written agreements with Schrum Private Wealth setting forth the relevant terms and conditions of the advisory relationship (the “Advisory Agreement” or “Wealth Management Agreement”). A client agreement may be canceled at any time, by either party, for any reason upon receipt of 30 days written notice. While this brochure generally describes the business of Schrum Private Wealth, certain sections also discuss the activities of the Firm’s officers, directors (or other persons occupying a similar status or performing similar functions), Wealth Managers, employees, or other persons (together “Supervised Persons”) who provide investment advice on Schrum Private Wealth’s behalf and are subject to the Firm’s supervision or control. Investment and Wealth Management Services Our firm provides

ongoing discretionary portfolio management to clients. Schrum Private Wealth’s Investment and Wealth Management Services primarily allocates client assets among various mutual funds, exchange-traded funds (“ETFs”), equity securities, such as stocks, individual debt securities, such as bonds, and money market funds. In limited situations, we manage accounts on a non-discretionary basis. Schrum Private Wealth tailors its advisory services to meet the needs of its individual clients and works on a continuous basis to manage client portfolios in a manner consistent with those needs and objectives. The Firm consults with clients on an initial and ongoing basis to assess their Investor Profile and review their portfolio. Clients are advised to promptly notify us if there are changes in their financial situation or if they wish to place any limitations on the management of their portfolios. Clients can impose reasonable restrictions or mandates on the management of their accounts if Schrum Private Wealth determines, in its sole discretion, the conditions would not materially impact the performance of a management strategy or prove overly burdensome to the Firm’s management efforts. Where appropriate, the Firm also provides advice about any type of legacy position that clients would like to maintain in their portfolio, but clients should not assume that these assets are being continuously monitored or otherwise advised on by the Firm unless specifically agreed upon. Financial Planning and Consulting Services Schrum Private Wealth offers financial planning and consulting services that focus on educating our clients, clarifying their overall financial situation, determining our client’s specific long-term goals, and establishing a road map to help them achieve those goals. Clients who engage in our financial planning services are provided with a written financial plan and a consultative session to discuss detailed steps and recommendations to execute the plan. Financial planning is an evaluation of a client’s current and future financial state by using known variables to help model or forecast future cash flows, asset values, and portfolio withdrawal plans. During the financial planning process, we ask an extensive number of questions in order for you to provide us with the necessary information to help us analyze, review, and build your financial plan. Schrum Private Wealth offers clients a broad range of financial planning and consulting services, which include all of the functions below. The Firm, at the direction of the client, can arrange to coordinate with the client’s accountants and attorneys for estate and tax planning.
• Business Planning
• Cash Flow Analysis
• Trust and Estate Planning
• Insurance Analysis
• Retirement Planning
• Risk Management Analysis
• Tax Analysis and Planning
• Education Planning In performing any of its services, Schrum Private Wealth is expressly authorized through the written financial planning agreement to rely on the information received from the client or from the client’s other professionals (e.g., attorneys, accountants, etc.) and is not required to verify any information received from the client or from the client’s other professionals. Where appropriate, Schrum Private Wealth may recommend that certain clients engage with its Supervised Persons in their individual capacities as insurance agents to implement its recommendations. Clients are advised that a conflict of interest exists for the Firm to recommend that clients engage Schrum Private Wealth or its affiliates to provide (or continue to provide) additional services for compensation. While we exercise investment discretion for our advisory clients, clients retain authority over all investment strategy decisions regarding implementation of any recommendations made by Schrum Private Wealth representatives under a financial planning, consulting engagement, or insurance consultation. Clients are advised that it remains their responsibility to promptly notify the Firm of any change in their financial situation or investment objectives for the purpose of reviewing, evaluating, or revising Schrum Private Wealth’s recommendations and/or services. Amount of Managed Assets As of December 31, 2022, the end of our fiscal year, the Firm had approximately $132,010,000 in assets under management on a discretionary basis.