DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
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SEC-registered adviser
M••• C••••••
Legal name M••• C••••••• L••
Latest filing Jul 15, 2026
First filing on the tape Jun 27, 2024 · 12 filings
SEC status approved since Jul 29, 2024
RAUM
$339M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$339M individuals and HNW
Advisors
29
registered through the firm on IAPD
RAUM per advisor
$11.7M
derived; firm RAUM over IAPD count
Employees
36
22 advisory (5.B.1)
Offices
24
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$339M as of Jul 15, 2026
Jan 8, 2025$102M then
HNW client RAUM$280M as of Jul 15, 2026
Jan 8, 2025$41.4M then
State-registered IARs (5.B.3)22 as of Jul 15, 2026
Jan 8, 20257 then
Employees (5.A)36 as of Jul 15, 2026
Jan 8, 202513 then
Private funds: no history
RAUM +111% over the last fiscal yearIARs 23 to 22offices 23 to 24
Practice profile
derived from the filing of Jul 15, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- RAUM per advisor
- $11.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 20derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $659,927derivedHNW RAUM over HNW clients
- Average account
- $171,285derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 1.2derived25 offices incl. principal (1.F.5)
- RAUM growth, one year
- +111%derivedbetween the last two annual amendments
- Advisor growth, one year
- -4.3%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +42%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$280M83%
- Individuals$58.2M17%
- Individual clients
- 144reported
- HNW clients
- 425reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,977reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
29 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| A•••• J••••• C••••••• | Annapolis, Md | Jun 1, 2023 | 12 y | 4 |
| W•••••• J••• C••••••• | Dallas, Tx | Jun 2, 2023 | 10 y | 1 |
| J••••• R••••• J•••••• | Annapolis, Md | Sep 27, 2023 | 16 y | 8 |
| R••• R• G••• | Mechanicsburg, Pa | Nov 15, 2023 | 16 y | 1 |
| J••••• B•••• J•••• | Greensboro, Nc | Dec 18, 2023 | 13 y | 2 |
| A••••• C••• Z••• | Annapolis, Md | Jan 16, 2024 | 10 y | 1 |
| J••••• J••• M••• | Lakewood Ranch, Fl | Mar 11, 2024 | 16 y | 9 |
| M•••••• J••• I••••Certified Financial Planner | Annapolis, Md | Apr 4, 2024 | 13 y | 1 |
| M•••••• A• L••••• | Rockford, Mi | Sep 16, 2024 | 12 y | 2 |
| M•••••• A•••• | Annapolis, Md | Sep 18, 2024 | 15 y | 9 |
| K••• A• T•••••• | Chesterfield, Mi | Nov 26, 2024 | 12 y | 1 |
| J•••• M•••• M••• | Annapolis, Md | Jan 13, 2025 | 20 y | 1 |
| D•••• R••••• L••••• | Annapolis, Md | Jan 17, 2025 | 16 y | 2 |
| M•••••• C•••• M••••••••• | Annapolis, Md | Mar 14, 2025 | 22 y | 0 |
| T••••• G•••••• M••••• | Annapolis, Md | Apr 21, 2025 | 10 y | 6 |
| D•••• B• S••••• | Cincinnati, Oh | Apr 22, 2025 | 23 y | 2 |
| P•••••• T• Q•••••• | Annapolis, Md | May 6, 2025 | 10 y | 1 |
| A•••• A••• T••••••• | Belgrade, Mt | Jun 9, 2025 | 10 y | 2 |
| D••••• J• P•••• | Albuquerque, Nm | Oct 16, 2025 | 13 y | 3 |
| E••• J••••• K•••••• | Plain City, Oh | Nov 25, 2025 | 20 y | 0 |
| B••••••• R• C•••• | Annapolis, Md | Mar 12, 2026 | 16 y | 8 |
| J••••• M•••••• M•••••• | Annapolis, Md | Mar 12, 2026 | 11 y | 2 |
| T•••••• W••••• | Annapolis, Md | Apr 14, 2026 | 11 y | 3 |
| L•••••• T••••••• T•••••• | Annapolis, Md | May 27, 2026 | 18 y | 3 |
| C•••••••• A••• N••••• | Delaware, Oh | Jun 16, 2026 | 13 y | 2 |
| T••• E••• R••••• | Annapolis, Md | Jun 29, 2026 | 19 y | 2 |
| S••••• J••••••• O••• | Des Moines, Ia | Jul 17, 2026 | 15 y | 2 |
| G•••• M•••••• I••••••• | Mars, Pa | Aug 20, 2026 | 23 y | 6 |
| K•••• W•••••• R••• D••••••• | Annapolis, Md | Aug 27, 2026 | 12 y | 4 |
Advisor movement
5 left, 10 joined in 12 months
net +5 in 12 months0 left in 90 days4 joined in 90 daysdeparture rate 17% of current headcount9 left over 36 months
Left, latest
- M•••••• A••• T••• to T••• I••••••••• P••••••• S••••••• L••Feb 11, 2026 · RIA to a state-registered adviser
- A••••• C••••• K••••• to F••••••••• I••••••••• A••••••• L••Jan 23, 2026 · RIA to RIA
- A•••••• D••• B•••••••• to M••••••• C•••••• M••••••••• L••Jan 16, 2026 · RIA to RIA
- T•••• J•••• B•••• to F••••••••• I••••••••• A••••••• L••Oct 14, 2025 · RIA to RIA
- S•••• E••• B••••••• to F••••••Oct 14, 2025 · RIA to RIA
- M•••••• A••• D••••• to A••••••• A••••• L••Jul 2, 2025 · RIA to RIA
- A•••• L••••••• to E•••••• A••••••• G••••• L••Apr 22, 2025 · RIA to affiliated broker-dealer or bank
- M•••••• T••••• L•••• to T•• A•••••••• I•••Apr 8, 2025 · RIA to affiliated broker-dealer or bank
- J••••• R••••• G••• to E•• F•••••••• A•••••••Feb 27, 2025 · RIA to RIA
Joined, latest
- K•••• W•••••• R••• D••••••• from T••••• W•••••• L•••••Aug 27, 2026 · RIA to RIA
- G•••• M•••••• I••••••• from G••••• R•••••• R••••••••• L••Aug 20, 2026 · RIA to RIA
- S••••• J••••••• O••• from N••••••••• S••••••••• L••Jul 17, 2026 · Other
- T••• E••• R••••• from A•••• L•••••••• P••••••• G•••• L••Jun 29, 2026 · Other
- C•••••••• A••• N••••• from G••••• R•••••• R••••••••• L••Jun 16, 2026 · RIA to RIA
- L•••••• T••••••• T•••••• from M••••• L••May 27, 2026 · RIA to RIA
- T•••••• W••••• from P•• W••••• M•••••••••Apr 14, 2026 · Affiliated broker-dealer or bank to independent RIA
- J••••• M•••••• M•••••• from R•••••• J•••• F•••••••• S••••••• A•••••••• I••Mar 12, 2026 · Affiliated broker-dealer or bank to independent RIA
- B••••••• R• C•••• from F••••• I•••••••••Mar 12, 2026 · RIA to RIA
- D••••• J• P•••• from E••••• J••••Oct 16, 2025 · Affiliated broker-dealer or bank to independent RIA
- M•••••• A••• D••••• from S•••••••• A••••••• L••Jun 10, 2025 · Affiliated broker-dealer or bank to independent RIA
- A•••• A••• T••••••• from O•••• W•••••• I•••Jun 9, 2025 · Affiliated broker-dealer or bank to independent RIA
- S•••• E••• B••••••• from W•••••• O••••• • C••••••Jun 5, 2025 · Other
- P•••••• T• Q•••••• from H• M••••• I•••May 6, 2025 · RIA to RIA
- D•••• B• S••••• from O•• G••••• L••Apr 22, 2025 · RIA to RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- C•••••••• A••••• J••••• · Founder, Ceo, Chief Compliance Officercontrolsince 03/2023 · owns less than 5%
- M•••• J•••••• J••• · Chief Operating Officercontrolsince 01/2024 · owns less than 5%
- C•••••••• A••••• J••••• · Ownercontrolsince 03/2023 · owns 75% or more of C••••••• M••••••••• L••
Entity owners
- C••••••• M••••••••• L•• · Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
- M••• I•••••••• L••real estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Annapolis, Md · principal | 28 | 11 | 2 | ||
| Rockford, Mi | 2 | 0 | 0 | ||
| Sarasota, Fl | 2 | 0 | 0 | ||
| Holland, Mi | 0 | 0 | 1 | ||
| Oak Creek, Co | 0 | 0 | 0 | ||
| Cypress, Tx | 0 | 0 | 0 | ||
| Lansing, Mi | 0 | 0 | 1 | ||
| Springville, Ut | 0 | 0 | 0 | ||
| Tampa, Fl | 0 | 0 | 1 | ||
| Findlay, Oh | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- account count surgeChange between filings · filing Feb 11, 2026accounts (Item 5.F.2.f) moved from 978.0 to 1,977.0 (+102.0%) between the annual amendments of 2025-04-30 and 2026-02-11; the peer median change was +5.0% (3687 comparable advisers, 98.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,687) · 98% percentile
- RAUM up 50 %Change between filings · filing Feb 11, 2026RAUM (Item 5.F) moved from $160,866,017 to $338,630,429 (+111.0%) between the annual amendments of 2025-04-30 and 2026-02-11; the peer median change was +15.0% (4550 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,550) · 99% percentile
What changed
consecutive filings, newest first
- Other offices · 23 to 24May 12, 2026 to Jul 15, 2026
- Other offices · 22 to 23Feb 11, 2026 to May 12, 2026
- Accounts · 978 to 1,977Jun 10, 2025 to Feb 11, 2026
- Advisory employees · 23 to 22Jun 10, 2025 to Feb 11, 2026
- HNW clients · 300 to 425Jun 10, 2025 to Feb 11, 2026
- Individual clients · 102 to 144Jun 10, 2025 to Feb 11, 2026
- Employees · 31 to 36Jun 10, 2025 to Feb 11, 2026
- Insurance-licensed employees · 0 to 1Jun 10, 2025 to Feb 11, 2026
- State-registered IARs · 23 to 22Jun 10, 2025 to Feb 11, 2026
- Other offices · 23 to 22Jun 10, 2025 to Feb 11, 2026
- Discretionary RAUM · $161M to $339MJun 10, 2025 to Feb 11, 2026
- HNW RAUM · $131M to $280MJun 10, 2025 to Feb 11, 2026
- Individual RAUM · $29.9M to $58.2MJun 10, 2025 to Feb 11, 2026
- RAUM · $161M to $339MJun 10, 2025 to Feb 11, 2026
- Financial planning clients · 101-250 to 101-250Apr 30, 2025 to Jun 10, 2025
- Accounts · 596 to 978Jan 8, 2025 to Apr 30, 2025
- Advisory employees · 7 to 23Jan 8, 2025 to Apr 30, 2025
- HNW clients · 22 to 300Jan 8, 2025 to Apr 30, 2025
- Individual clients · 259 to 102Jan 8, 2025 to Apr 30, 2025
- Employees · 13 to 31Jan 8, 2025 to Apr 30, 2025
- Insurance-licensed employees · 2 to 0Jan 8, 2025 to Apr 30, 2025
- Financial planning clients · 26-50 to 101-250Jan 8, 2025 to Apr 30, 2025
- State-registered IARs · 7 to 23Jan 8, 2025 to Apr 30, 2025
- Other offices · 9 to 23Jan 8, 2025 to Apr 30, 2025
- Discretionary RAUM · $102M to $161MJan 8, 2025 to Apr 30, 2025
- HNW RAUM · $41.4M to $131MJan 8, 2025 to Apr 30, 2025
- Individual RAUM · $60.2M to $29.9MJan 8, 2025 to Apr 30, 2025
- RAUM · $102M to $161MJan 8, 2025 to Apr 30, 2025
- Other offices · 8 to 9Aug 26, 2024 to Nov 26, 2024
- Other offices · 7 to 8Jun 27, 2024 to Jul 17, 2024
Signals
14 dated events
- M••• C•••••• reported RAUM $338.6M, up 111% from $160.9M (2025-06-10 to 2026-02-11)Feb 11, 2026 · RAUM change · derived
- M•••••• A••• T••• left M••• C•••••• for T••• I••••••••• P••••••• S••••••• L•• (registered 2023-07-21)Feb 11, 2026 · a•••••• firm change · fact
- A••••• C••••• K••••• left M••• C•••••• for F••••••••• I••••••••• A••••••• L•• (registered 2026-03-03)Jan 23, 2026 · a•••••• firm change · fact
- A•••••• D••• B•••••••• left M••• C•••••• for M••••••• C•••••• M••••••••• L•• (registered 2026-02-20)Jan 16, 2026 · a•••••• firm change · fact
- S•••• E••• B••••••• left M••• C•••••• for Farther (registered 2025-12-10)Oct 14, 2025 · a•••••• firm change · fact
- T•••• J•••• B•••• left M••• C•••••• for F••••••••• I••••••••• A••••••• L•• (registered 2025-10-27)Oct 14, 2025 · a•••••• firm change · fact
- M•••••• A••• D••••• left M••• C•••••• for A••••••• A••••• L•• (registered 2026-01-16)Jul 2, 2025 · a•••••• firm change · fact
- M••• C•••••• reported 23 offices beyond its principal office, up from 9 (2025-01-08 to 2025-04-30)Apr 30, 2025 · Office count change · derived
- M••• C•••••• reported 23 state-registered advisory representatives, up from 7 (2025-01-08 to 2025-04-30)Apr 30, 2025 · ria a•••••• headcount change · derived
- A•••• L••••••• left M••• C•••••• for E•••••• A••••••• G••••• L•• (registered 2026-06-09)Apr 22, 2025 · a•••••• firm change · fact
- M•••••• T••••• L•••• left M••• C•••••• for T•• A•••••••• I••• (registered 2026-06-15)Apr 8, 2025 · a•••••• firm change · fact
- Keith Steven Beggs no longer registered at M••• C••••••; no later IA registration on IAPDMar 17, 2025 · a•••••• departure · fact
- J••••• R••••• G••• left M••• C•••••• for E•• F•••••••• A••••••• (registered 2025-05-12)Feb 27, 2025 · a•••••• firm change · fact
- M••• C•••••• filed its initial SEC registration (Form ADV)Jun 27, 2024 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 667-222-0060reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/mdrn-capitalreportedpublic record, Form ADV, Sep 18, 2026
- Website
- MDRNcapital.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 410-533-9966reportedpublic record, Form ADV, Jul 15, 2026
- Team page
- mdrncapital.com/our-teamreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $11.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026