Morgan Stanley removes restrictions on wealth management clients holding crypto funds

Morgan Stanley informed its financial advisors on Friday that it is expanding cryptocurrency investment access to all clients and allowing such investments in any account type, including retirement accounts. Starting October 15th, financial advisors will be able to recommend cryptocurrency funds to any client. Previously, this option was limited to clients with a higher risk tolerance and at least $1.5 million in assets who wanted to invest in cryptocurrency in their taxable brokerage accounts.