Sharon Rich began Womoney in 1984. Having been a public school teacher, Rich completed a Doctorate in Education in 1986 at Harvard University, focusing on women's psychology. She took a break from graduate school at Harvard and went to Boston University from 1983 to 1985 to earn a Diploma in Financial Planning. [Resume]
Since 1981, Rich has helped plan and run conferences and workshops, in conjunction with the Haymarket People's Fund and the Boston Women's Fund, on socially responsible investing, class awareness, and inherited wealth. In addition she has taught financial planning at Northeastern University and through the Cambridge Center for Adult Education
as well as run seminars at a variety of places.
Rich co-authored the
Challenges of Wealth (Dow Jones Irwin, 1988) with Amy Domini and Dennis Pearne. She has contributed to Money Makeover Series for The Boston Globe and The L.A. Times , been on WGBH TV's program The Group, and been quoted by national and local media including the Wall Street Journal , Business Week , Kiplinger's, Financial Planning , and the Boston Herald. In 1994 and 1996, she was named by Worth Magazine as one of America's best financial advisors and was included in Mary Rowland's Best Practices for Financial Advisors (Bloomberg Press, 1997) .
Registered in Massachusetts as an Investment Advisor, Rich is a member of the National Association of Personal Financial Advisors (NAPFA), the Financial Planning Assocation, and a founder of the PridePlanners™ Association .
Why is Rich not a Certified Financial Planner™? Although the CFP® designation existed in 1983 when Rich began her study, "it was a mail order course," and she was looking for a classroom experience. Since then, the CFP® designation has become the one with the most credibility. "It is so widely recognized that it is hard to work without it now." Rich says "I often have to explain why I don't have it." Still, she says, she is "just enough of a rebel to resist adding it now.
The following is extracted from the article "Hour by Hour," in Dow Jones Investment Advisor Magazine,
May 1996. Dow Jones Financial Publishing Co., 908-389-8700
"My work was somewhat political," she said. "It was a skill I knew I had, and the bottom line was I thought if people felt safe about their money, they would feel better about giving it away. ... I saw that there needed to be a safe place to talk about money and to ask questions and be stupid. ... Rich enjoys meeting new people, listening to their problems, and helping them. "What I love most about my business is the stories," she says. "I'm really combining my psychology with natural skills."
For a more detailed description of Rich's hourly-based financial planning approach and her background, look at In Search of the Perfect Model [You will need a google account to read this selection.]