Morgan Stanley opens crypto fund access to all wealth clients
Morgan Stanley will lift all restrictions on which of its wealth management clients can invest in cryptocurrency funds, the firm told financial advisors on Friday, according to a CNBC report.
Beginning October 15, financial advisors will be able to recommend bitcoin and ether investment products to any client, including those using retirement or trust accounts. Previously, such access was reserved for investors with over $1.5 million in assets and an “aggressive” risk profile.
The policy change comes amid a broader recalibration in US financial regulation toward digital assets following the 2024 election of President Donald Trump. Morgan Stanley, which oversees about $8.2 trillion in client assets, is positioning itself to…
