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Morgan Stanley
on Friday told its financial advisors that the firm was broadening access to crypto investments to all clients and allowing such investments in any type of account, including retirement accounts, CNBC has learned.
Starting Oct. 15, advisors will be able to pitch crypto funds to any client. Previously, the option was limited to those with an aggressive risk tolerance and at least $1.5 million in assets who wanted crypto in a taxable brokerage account.
The move marks the latest expansion of access to crypto at the world’s largest wealth management firm after the U.S. government’s stance toward the nascent asset class flipped with the election of President Donald Trump. Last month, Morgan Stanley said it would soon enable trading of bitcoin, ether and solana at its E-Trade subsidiary.
