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Cohen & Steers Appoints Head of Wealth Management Defined Contribution

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Charlie Wenzel (pictured) has joined Cohen & Steers (CNS) as Senior Vice President, Head of Wealth Management Defined Contribution. 

His appointment is part of the firm's increased focus on the USD4.7 trillion defined contribution investment-only (DCIO) marketplace, where it provides investment management services within qualified retirement plans, including 401(k), 403(b) and 457 plans.

Wenzel comes to Cohen & Steers from Ascensus, the largest independent retirement and college savings services provider in the United States, where he served as Senior Vice President, Institutional Sales. A 28-year veteran of the financial industry, Wenzel's career has centred on defined contribution, retirement plan/401(k) trust administration, investments and sales.

"Defined contribution is a major strategic initiative for Cohen & Steers," says David Edlin, Executive Vice President and Director of Wealth Management Consulting. "Charlie Wenzel will lead the firm's intermediary defined contribution effort by educating 401(k) advisors, fiduciaries, model managers and retirement platforms about how real assets can potentially improve participants' retirement plan outcomes."

Cohen & Steers believes that a 10-15 per cent allocation to real assets can provide meaningful long-term benefits to an employee's retirement account, including the potential for improved performance, reduced volatility and increased inflation protection

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