NEW YORK, March 22, 2016 /PRNewswire/ -- Charlie Wenzel has joined Cohen & Steers (NYSE: CNS) as Senior Vice President, Head of Wealth Management Defined Contribution. His appointment is part of the firm's increased focus on the $4.7 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.
Mr. 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 centered on defined contribution, retirement plan/401(k) trust administration, investments and sales.
"Defined contribution is a major strategic initiative for Cohen & Steers," said 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% 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.
More information is available at http://cohenandsteers.com/.
SOURCE: Cohen & Steers, Inc.
CONTACT: David Edlin, Executive Vice President,
Director of Wealth Management Consulting
Symbol: NYSE: CNS
About Cohen & Steers
Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Hong Kong, Tokyo, and Seattle.
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SOURCE Cohen & Steers