MDRN Capital provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 101–250 clients last fiscal year.
MDRN Capital reports 569 clients. They include 425 high-net-worth individuals and 144 individual clients. Of its assets, 100.0% ($339M across 1,977 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 25% | 17% |
| High-net-worth individuals | 75% | 83% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 144 | $58.2M | 17.2% | $404K |
| High-net-worth individuals | 425 | $280M | 82.8% | $660K |
| Total | 569 | $339M | 100% | $595K |
- Clients
- 144
- Regulatory AUM
- $58.2M
- AUM share
- 17.2%
- Avg. per client
- $404K
- Clients
- 425
- Regulatory AUM
- $280M
- AUM share
- 82.8%
- Avg. per client
- $660K
Total
- Clients
- 569
- Regulatory AUM
- $339M
- AUM share
- 100%
- Avg. per client
- $595K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
MDRN Capital charges 0.50%–1.50% a year for its Wealth Management Services. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning is a fixed engagement fee of $500 to $10,000 per engagement, which may be negotiable.
- Retirement Plan Advisory Services
- Retirement plan advisory services are charged an annual asset-based fee of 0.5% to 1.5%, billed in arrears, which may be negotiable.
Cirksena Management LLC owns 75% or more of MDRN Capital and is in turn owned by Aaron Cirksena (75% or more). The leadership team of MDRN Capital includes Chief Operating Officer Joshua Maly. It has 36 employees, 22 of them in advisory roles.
Staff
- 36 employees
- 22 in advisory functions
- 22 state-registered reps
- 22 insurance agents
- Owns 75% or more of MDRN Capital, LLC
Cirksena Management LLC
Control person · since December 2022
- Owns 75% or more of Cirksena Management LLC
Aaron Cirksena
Control person · since March 2023
MDRN Capital’s regulatory assets grew 3.3× from $102M (July 2024) to $339M (July 2026); clients rose from 281 to 569 and employees from 13 to 36.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jul 2026July 2026 | $339M | 569 | 36 | 25 |
| Jun 2025June 2025 | $161M | 402 | 31 | 24 |
| Jul 2024July 2024 | $102M | 281 | 13 | 9 |
Besides its headquarters, MDRN Capital has 24 offices (23 private residences, listed without an address), with 2 listed addresses across 2 states.
Maryland · 1 listed address
- 1997 Annapolis Exchange Parkway, Suite 300, AnnapolisHQ
Michigan · 1 listed address
- 2374 N Van Dyke, Imlay City
Contact and registration details
- Legal name
- MDRN Capital, LLC
- Headquarters
- 1997 Annapolis Exchange Parkway, Suite 300, Annapolis, MD 21401
- Website
- Not reported
- Phone
- 410-533-9966
- @mdrn-capital
- SEC file
- 801-130784
- Structure
- Maryland LLC
- Fiscal year end
- December
MDRN Capital’s named custodian for separately managed accounts is Altruist ($339M). MDRN Capital does not have custody of client assets.
- AltruistAltruist Financial LLC · Culver City, CA · $339M100%
At year end, MDRN Capital’s separately managed accounts were mostly in funds (85%).
What the accounts hold
- Stocks7%
- Funds85%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash5%
How many clients does MDRN Capital have?
MDRN Capital has 569 clients and manages $339 million for them, as of July 2026. They include 425 high-net-worth individuals and 144 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 July 2026
What services does MDRN Capital offer?
MDRN Capital provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does MDRN Capital charge?
MDRN Capital charges 0.50%–1.50% a year for its Wealth Management Services. The fee is billed in arrears and is negotiable.
Source: DISCLOSURE BROCHURE, BROCHURE SUPPLEMENT AND PRIVACY POLICY, filed 11 February 2026
Which custodians does MDRN Capital use?
MDRN Capital’s separately managed account assets are held at Altruist Financial LLC (Culver City, CA), with $339M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 July 2026
How many financial advisors does MDRN Capital have?
MDRN Capital has 22 investment adviser representatives registered with state securities authorities, out of 36 employees, and 22 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 22 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does MDRN Capital invest in?
At the end of its last fiscal year, MDRN Capital’s separately managed accounts held 85% registered funds (mutual funds, ETFs, BDCs), 7% exchange-traded equities, 5% cash and equivalents, 1% U.S. government and agency bonds, 1% state and local bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns MDRN Capital?
MDRN Capital is owned through a holding company by Aaron Cirksena. Its direct owner is Cirksena Management LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 15 July 2026
How does MDRN Capital get paid?
MDRN Capital is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact MDRN Capital?
MDRN Capital’s main office is at 1997 Annapolis Exchange Parkway, Suite 300, Annapolis, MD 21401. Its phone number is 410-533-9966.