# MDRN Capital

> MDRN Capital is an SEC-registered investment advisory firm in Annapolis, MD, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 15, 2026.

- CRD: 325950
- Filed as: MDRN CAPITAL
- Legal name: MDRN Capital, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Annapolis, MD
- Filing period: October 2026
- Form ADV filing dated: July 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/325950
- AdvisorCensus page: https://advisorcensus.com/firm/mdrn-capital-annapolis-md-325950

## Quick answers

**How is MDRN Capital compensated?**
On its Form ADV (Item 5.E, October 2026), MDRN Capital reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is MDRN Capital located?**
MDRN Capital's principal office is in Annapolis, MD, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is MDRN Capital registered with the SEC or a state?**
MDRN Capital is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 325950.

**How much does MDRN Capital manage?**
MDRN Capital reports $338,630,429 in regulatory assets under management in its Form ADV filing dated July 15, 2026 (100% discretionary).

**How have MDRN Capital's assets and staff changed since 2024?**
In the Form ADV data for MDRN Capital: Regulatory assets under management: $101,644,822 in the October 2024 data and $338,630,429 in the October 2026 data, up 233%. Total employees: 13 in October 2024 and 36 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does MDRN Capital serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (425); individuals (other than high net worth individuals) (144).

**Which custodians does MDRN Capital use?**
MDRN Capital's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Altruist Financial LLC as a custodian holding 10% or more of its separately managed account assets.

**Does MDRN Capital 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/325950

**Does MDRN Capital state an account minimum?**
Its Form ADV Part 2A brochure dated February 11, 2026 says: "MDRN Capital generally does not impose a minimum relationship size."

**What changed in MDRN Capital's recent Form ADV filings?**
In the August 2026 filing data: Registered or notice-filed in IA.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated February 11, 2026)

- Account minimum: None

> MDRN Capital generally does not impose a minimum relationship size.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Altruist Financial LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $338,630,429
- Discretionary: $338,630,429
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 144 | $58,161,657 |
| High net worth individuals | 425 | $280,468,772 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2024 (2 years)
- Employees: 36 total, 22 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, CT, DE, FL, GA, IA, IL, KS, KY, LA, MA, MD, MI, MN, MO, MT, NC, NE, NH, NJ, NM, NY, OH, OR, PA, SC, TN, TX, UT, VA, WA, WV
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Imlay City, MI

### Websites listed on Form ADV (Item 1.I)
- go.aaroncirksena.com/booking-confirmed
- go.aaroncirksena.com/thank-you-mdrn-capital1714969232359
- go.aaroncirksena.com/thank-you-mdrn-capital1725816759223
- go.aaroncirksena.com/vsl1-million_1
- go.aaroncirksena.com/vsl2-opportunity_1
- go.mdrncapital.com/2025square-vsl
- go.mdrncapital.com/h1-vsl-ad-typeform
- go.mdrncapital.com/h1-vsl-ad-vsl-calendly
- mdrncapital.com
- Facebook @aaronjcirksena
- Instagram @aaroncirksena
- Instagram @mdrn_capital
- LinkedIn @mdrn-capital
- LinkedIn @aaron-cirksena

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $101,644,822 | 13 | August 26, 2024 |
| October 2025 | $160,866,017 | 31 | June 10, 2025 |
| October 2026 | $338,630,429 | 36 | July 15, 2026 |

Regulatory assets under management: $101,644,822 in the October 2024 data and $338,630,429 in the October 2026 data, up 233%.
Total employees: 13 in October 2024 and 36 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Registered or notice-filed in IA.

### June 2026
- Registered or notice-filed in KY.

### March 2026
- Regulatory assets under management went from $160,866,017 to $338,630,429 (+111%).
- Employees performing advisory functions went from 23 to 22.
- No longer lists an office in Findlay, OH.
- No longer lists an office in Holland, MI.
- Registered or notice-filed in KS, WV.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. MDRN Capital (CRD 325950): Form ADV filing data as of October 2026.