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
