Noble Capital Management, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Noble Capital Management, Inc. provides discretionary portfolio management and retirement planning advice primarily to individual and high‑net‑worth clients, delivering model portfolios and strategies that focus on ETFs and mutual funds. The firm reports managing approximately $10 million in client assets for about 22 clients and offers a sponsored wrap‑fee program that bundles management, transaction, custodial and administrative services.
The firm's investment process is model‑based and ETF‑centric, implementing a dynamic asset allocation that uses relative‑strength analysis and daily market risk and trend assessments to allocate among predefined plans (Income and Growth, Growth, Growth and Income, Aggressive Growth). Portfolios in the wrap program are managed on a discretionary basis according to those models, and clients generally cannot change the specific holdings within a model other than by imposing broad restrictions.
Noteworthy distinctions include an affiliation with an in‑house broker‑dealer and advisory personnel who also serve as registered representatives and licensed insurance agents, arrangements the firm discloses can create conflicts of interest (for example, selection of share classes that pay 12b‑1 fees and receipt of commissions). The brochure also discloses prior regulatory findings from a state examination (relating to ADV amendments, fee invoicing, financial reporting, net‑capital and registration matters) and resolved FINRA actions involving the affiliated broker‑dealer, which the firm identifies as material disclosure events and which are uncommon among peers.
Client services
Expertise
Fee options
$50,000 - $99,999: 2.75% $100,000 - $249,999: 2.50% $250,000 - $499,999: 2.25% $500,000 - $749,999: 2.00% $750,000 - $999,999: 1.75% $1,000,000 - $2,999,999: 1.38% $3,000,000+: 1.00%
Commission-based compensation earned by persons also registered as representatives with affiliated broker-dealer; insurance commissions also earned separately.
Account minimum: $50,000
Main office
See office150 East Palmetto Park Road, Suite 110
Boca Raton FL 33432
Advisors at this office
2
Offices (2)
Most active in
Connecticut · Florida
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
Nicolaas P
Series 63, Series 66
Westport, CT
Noble Capital Management, Inc.
Nicolaas Pronk is a financial advisor at Noble Capital Management, Inc. with 38 years of industry experience. He has been with Noble Capital Management since 1996 and Noble Capital Markets Inc./Noble Financial Group Inc. since 1995. Outside of his advisory role, he serves as an investor and chairman for several entities, including Sky One Aviation LLC and Sky One Holdings LLC. Noble Capital Management, Inc. provides discretionary portfolio management and retirement planning advice primarily to individual and high-net-worth clients, using model portfolios focused on ETFs and mutual funds. The firm employs a model-based, ETF-centric investment process with dynamic asset allocation informed by relative-strength analysis and market risk assessments.
Dennie C
CFP®, Series 63, Series 65
Boca Raton, FL
Noble Capital Management, Inc.
Dennie Ceelen is a CFP® with 24 years of industry experience, currently serving at Noble Capital Management, Inc. He has been associated with Noble International Investments Inc. since 2002. Ceelen works full time in the affiliated broker-dealer, Noble Capital Markets. Noble Capital Management, Inc. provides discretionary portfolio management and retirement planning primarily for individual and high-net-worth clients. The firm employs a model-based, ETF-focused investment approach with dynamic asset allocation strategies implemented through a sponsored wrap-fee program.
Francisco P
Series 63, Series 65, Series 66
Boca Raton, FL
Noble Capital Management, Inc.
Francisco Penafiel is a financial advisor with Noble Capital Management, Inc. based in Boca Raton, FL. He holds Series 63, 65, and 66 licenses and has 24 years of industry experience, all with Noble Capital Markets, Inc. He also teaches virtually at Saint Kolbe University outside of his advisory role. Noble Capital Management, Inc. provides discretionary portfolio management and retirement planning primarily for individual and high-net-worth clients. The firm uses a model-based, ETF-focused investment approach with dynamic asset allocation driven by relative-strength analysis and daily market assessments.
Bruce R
Series 63, Series 66
Westport, CT
Noble Capital Management, Inc.
Bruce Ryan is a financial advisor at Noble Capital Management, Inc. with 50 years of industry experience. He holds the Series 63 and Series 66 designations and previously worked at Advisory Group Equity Services Ltd and Source Capital Group, Inc. He also operates under the d/b/a RHK Capital. Noble Capital Management, Inc. provides discretionary portfolio management and retirement planning primarily to individual and high-net-worth clients, utilizing model portfolios focused on ETFs and mutual funds. The firm employs a model-based, ETF-centric approach with dynamic asset allocation guided by relative-strength analysis and daily market assessments.
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