Joseph Coughlin Receives Prestigious 2024 Investment Consulting Impact Award

by Adam Felts

The Investment Wealth Institute has awarded Dr. Joseph Coughlin, Founder and Director of the MIT AgeLab, the esteemed Investment Consulting Impact Award for the year 2024. The Investment Wealth Institute is the leading educational community of financial professionals and researchers, dedicated to elevating investment and wealth management to generate better client outcomes. This award recognizes individuals who have made a significant contribution and demonstrated a commitment to the field of investment consulting.

Dr. Coughlin has been recognized for his innovative concept of longevity planning, a comprehensive approach to advisory services that expands beyond the near singular focus on traditional financial security in retirement. His approach uses a systems framework to address financial considerations along with factors to prepare individuals for successful living across the lifespan, including practical aspects such as where to live, transportation, caregiving, and social engagement in retirement.

Moreover, Dr. Coughlin's research includes development of a longevity planning team approach that is now being adopted by major financial services firms. These teams place clients and advisors at the center of a multidisciplinary group of specialists that includes financial experts, life care managers, aging-in-place contractors, and career transition counselors, among others.

"Dr. Coughlin's work has fundamentally reshaped the conversation around the future of advice and has sparked significant business innovation in the practice of wealth and retirement planning," said Sean Walters, Chief Executive Officer of the Investment Wealth Institute.

Dr. Coughlin's recognition follows in the footsteps of recent distinguished academic recipients such as Jeremy Siegel from the University of Pennsylvania Wharton School, Stanford University's William Sharpe, and Richard Thaler from the University of Chicago.

  • Share
  • Email
  • Facebook
  • Twitter

Get Involved

Interested in this area of study? See how you can participate in AgeLab research or become a volunteer.


About the Author

Photo of Adam Felts
Adam Felts

Adam Felts is a researcher and writer at the MIT AgeLab. Currently he is involved in research on the experiences of family caregivers and the future of financial advice. He also manages the AgeLab blog and newsletter. He received his Master's in Fine Arts in Creative Writing from Boston University in 2014 and his Master's of Theological Studies from Boston University in 2019.

More From the Blog

2020 OMEGA Summit Brings Together Students, Aging Professionals, Past Scholarship Winners

October 30, 2020

2020 Summer Interns Work on OMEGA, Lifestyle Leaders, C3 Project

August 26, 2020

2021 Spring Speaker Series Begins with Presentation from Dr. Catherine García on Social Determinants of Health

March 23, 2021