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

Inflation Expectations Continue to Rise

By Christopher Norwood • July 21, 2025
Executive Summary The S&P 500 rose 0.6% last week to finish at 6,296.79 The 2-Year trended lower, ending the week yielding 3.88% The 10-year Treasury yield ended the week at 4.44% Investors are nervous about tariffs and their impact Tariffs are coming directly out of the pockets of the US businesses that import the goods Rising inflation expectations only increases the chances of higher inflation and interest rates Continue to buy good companies on sale

Tariff Uncertainty Still Dominates

By Christopher Norwood • July 14, 2025
Executive Summary The S&P 500 fell 0.3% to close the week at 6,259.75 We would rather own the German economy than Nvidia Consumer spending is weakening The consumer price index report will be released on Tuesday Economists believe that tariffs will cause prices to rise Economists believe that tariffs will slow the economy The jobs market is stable. The unemployment rate is low. Earnings estimates are falling more than is normal There are still good companies on sale The Stock Market

Diversification Critical in the Coming Decade

By Christopher Norwood • July 7, 2025
Executive Summary The S&P 500 rose 1.7% in a holiday-shortened week, finishing at 6,284.65 Volatility continues to fall from its elevated levels in early April The S&P is up 6.76% year-to-date. Industrials are leading the way, up 13.40% Price determines returns when buying an asset  Diversify away from a concentrated U.S. large-cap stock portfolio Job growth has been holding steady for almost a year now Analysts have been raising earnings estimates recently 90-day tariff suspension ends on Wednesday The Stock Market The S&P 500 rose 1.7% in a holiday-shortened week. The Nasdaq rose 1.6%. Both indexes set new record highs with the S&P reaching 6,284.65 on Thursday afternoon. The jobs report out Thursday spurred the S&P higher. The index gapped up at the open, closing Thursday up 0.83% (see chart below). The S&P 500 is up 26% from the selloff low on April 8, while the Nasdaq has surged 34.9%.