# Desert Rose Capital Management, Inc.

> Desert Rose Capital Management, Inc. is an SEC-registered investment advisory firm in Meridian, ID, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 20, 2026.

- CRD: 154331
- Filed as: DESERT ROSE CAPITAL MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Meridian, ID
- Filing period: October 2026
- Form ADV filing dated: March 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/154331
- AdvisorCensus page: https://advisorcensus.com/firm/desert-rose-capital-management-inc-meridian-id-154331

## Quick answers

**How is Desert Rose Capital Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Desert Rose Capital Management, Inc. reports these compensation arrangements: a percentage of assets under its management.

**Where is Desert Rose Capital Management, Inc. located?**
Desert Rose Capital Management, Inc.'s principal office is in Meridian, ID, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Desert Rose Capital Management, Inc. registered with the SEC or a state?**
Desert Rose Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 154331.

**How much does Desert Rose Capital Management, Inc. manage?**
Desert Rose Capital Management, Inc. reports $192,134,096 in regulatory assets under management in its Form ADV filing dated March 20, 2026 (100% discretionary).

**How have Desert Rose Capital Management, Inc.'s assets and staff changed since 2022?**
In the Form ADV data for Desert Rose Capital Management, Inc.: Regulatory assets under management: $151,722,562 in the October 2022 data and $192,134,096 in the October 2026 data, up 27%. Total employees: 7 in October 2022 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Desert Rose Capital Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (687); high net worth individuals (36); other investment advisers (9).

**Which custodians does Desert Rose Capital Management, Inc. use?**
Desert Rose Capital Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Desert Rose Capital Management, Inc. report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.G (pending regulatory proceeding). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/154331

**What changed in Desert Rose Capital Management, Inc.'s recent Form ADV filings?**
In the March 2026 filing data: Employees performing advisory functions went from 11 to 10. Regulatory assets under management went from $112,679,913 to $192,134,096 (+71%). No longer lists an office in Stockton, CA. Registered or notice-filed in AL, DC, DE, IL, KS, MD, MI, MO, MT, NH, NJ, NY, OK, SD, WI.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $192,134,096
- Discretionary: $191,928,607
- Non-discretionary: $205,489

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 687 | $68,449,799 |
| High net worth individuals | 36 | $51,913,659 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $37,459,484 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $233,602 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 9 | $34,077,552 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops

### Firm details
- Registered since: 2022 (4 years)
- Employees: 22 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AR, AZ, CA, CO, DC, DE, FL, GA, ID, IL, KS, KY, LA, MD, MI, MN, MO, MT, NC, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WY
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.G: Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/154331

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Reno, NV
- Sylvania, OH
- Valley Springs, CA

### Websites listed on Form ADV (Item 1.I)
- desertrosecapital.com
- LinkedIn @desertrosecapital
- X @desertrosecap
- YouTube @DesertRoseCapitalManagement

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $151,722,562 | 7 | March 31, 2022 |
| October 2023 | $180,354,027 | 13 | August 24, 2023 |
| October 2024 | $79,561,254 | 11 | September 3, 2024 |
| October 2025 | $112,679,913 | 19 | March 26, 2025 |
| October 2026 | $192,134,096 | 22 | March 20, 2026 |

Regulatory assets under management: $151,722,562 in the October 2022 data and $192,134,096 in the October 2026 data, up 27%.
Total employees: 7 in October 2022 and 22 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Employees performing advisory functions went from 11 to 10.
- Regulatory assets under management went from $112,679,913 to $192,134,096 (+71%).
- No longer lists an office in Stockton, CA.
- Registered or notice-filed in AL, DC, DE, IL, KS, MD, MI, MO, MT, NH, NJ, NY, OK, SD, WI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Desert Rose Capital Management, Inc. (CRD 154331): Form ADV filing data as of October 2026.