Our history

your retirement strategists

Norwood Economics was founded in 2013 to better serve the 401(k) and Cash Balance Plan market. We expanded our services to include individual Wealth Management clients in 2016. Our office is headquartered in the Indianapolis area.


We specialize in Wealth Management, including Retirement and Financial Planning, Estate Planning, Tax Planning, Investment Management, and Elder Care. We are low-cost, fee-only advisors. Our portfolios are managed by a Chartered Financial Analyst (CFA). CFA’s are institutionally trained investment specialists. We provide you with a financial advisor who will listen to your needs and customize a financial plan that will work for you.


As a 3(21) Plan Advisor, we are vigilant, low-cost experts under ERISA. We are fiduciaries held to a high standard of care with respect to plan-related decisions regarding investments, service providers, plan administration, and general ERISA compliance issues. Our mission is to provide low-cost 401(k) and Cash Balance plans that are custom designed to meet the needs of your workforce.

recent blog posts

High Level of Uncertainty Surrounding Trade Policy

By Christopher Norwood • June 2, 2025
Executive Summary The S&P 500 rose 1.9% last week to finish at 5911.69 The S&P 500 rose 6%, the Dow rose 3.8% and the Nasdaq climbed nearly10% in May Could see another test of support around 5,800 this week Several longer-term negative divergences may be pointing to a tough summer Declining new highs during an advancing market is a negative Earnings estimates for 2025 and 2026 have been trending lower Earnings drive the stock market over the long run

A Trading Range Market Most Likely

By Christopher Norwood • June 2, 2025
Executive Summary The S&P 500 fell 2.6% last week to close at 5,802.82. The 20-Year Treasury auction went poorly. The yield rose above 5%. The 5% threshold has twice this year resulted in the administration adjusting its stance on tariffs. (Make that three times as Trump over the weekend gives the U.K. until July 9 th .) Longer-term inflation expectations are rising. Moody’s downgraded the U.S. to Aa1 on 16 May. The credit default swaps market sees the U.S. as a Baa1/BBB+ credit, on par with Greece. The tax cut bill will add to the deficits and debt. Long-term interest rates might well continue to rise.

Buying Companies on Sale is a Successful Strategy

By Christopher Norwood • May 19, 2025
Executive Summary The S&P 500 rose 5.3% last week to finish at 5,958.38 The Dow advanced 3.4% and the Nasdaq added 7.2% A falling VIX means investor confidence is increasing A 90-day pause in the trade war sent the S&P higher Earnings estimates are falling along with GDP growth forecasts Earnings and interest rates drive the stock market over the long run Investors are chasing performance Small business hiring plans and job openings haven’t improved Norwood Economics continues to look for good companies on sale The Stock Market