# Norwood Economics, Inc.

> Norwood Economics, Inc. is a state-registered investment advisory firm in Fishers, IN, registered since 2015, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated June 1, 2026.

- CRD: 282079
- Filed as: NORWOOD ECONOMICS, INC.
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Fishers, IN
- Filing period: October 2026
- Form ADV filing dated: June 1, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/282079
- AdvisorCensus page: https://advisorcensus.com/firm/norwood-economics-inc-fishers-in-282079

## Quick answers

**How is Norwood Economics, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Norwood Economics, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges.

**Where is Norwood Economics, Inc. located?**
Norwood Economics, Inc.'s principal office is in Fishers, IN, according to its Form ADV.

**Is Norwood Economics, Inc. registered with the SEC or a state?**
Norwood Economics, Inc. is a state-registered investment advisory firm, registered since 2015. Status as filed: APPROVED. CRD 282079.

**How much does Norwood Economics, Inc. manage?**
Norwood Economics, Inc. reports $96,625,223 in regulatory assets under management in its Form ADV filing dated June 1, 2026 (100% discretionary).

**What types of clients does Norwood Economics, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (115); high net worth individuals (28); pension and profit sharing plans (but not the plan participants or government pension plans) (1).

**Does Norwood Economics, Inc. report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). 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 public record on IAPD: https://adviserinfo.sec.gov/firm/summary/282079

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $96,625,223
- Discretionary: $96,625,223
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 115 | $33,175,352 |
| High net worth individuals | 28 | $58,076,729 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $5,373,142 |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 2015 (10 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: GA, IN, MI
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?

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 public record on IAPD: https://adviserinfo.sec.gov/firm/summary/282079

### Websites listed on Form ADV (Item 1.I)
- norwoodecon.com
- norwoodeconomics.com
- Facebook @norwoodeconomics
- LinkedIn @norwoodecon
- X @norwoodecon

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Norwood Economics, Inc. (CRD 282079): Form ADV filing data as of October 2026.