Morgan Stanley Opens Bitcoin And Crypto Fund Access to All Wealth Clients
Morgan Stanley is dropping long-standing restrictions on which of its wealth management clients can invest in crypto funds, broadening access across its $8.2 trillion platform.
Starting Oct. 15, financial advisors will be able to offer bitcoin and crypto funds to any client — including those with retirement accounts — according to reporting by CNBC.
Until now, only investors with more than $1.5 million in assets and an aggressive risk profile could participate. In other words, Morgan Stanley will soon let all its wealth management clients, including those with retirement accounts, invest in crypto. No asset-cap required.
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