Morgan Stanley will expand access to cryptocurrency investments, permitting them for any client in any account type, including retirement holdings, CNBC reported Friday, the same day the wirehouse shared the move with its financial advisors.
A person familiar with the situation confirmed the change to ThinkAdvisor.
At Morgan Stanley, the choice to invest in crypto funds has been limited to clients with aggressive risk tolerance and $1.5 million or more in assets who sought to put them in taxable brokerage accounts; effective Wednesday, advisors will be able to offer them to any client, according to CNBC's report.
The company will use automated monitoring to prevent clients from becoming over-concentrated in crypto assets, CNBC added.
Morgan Stanley recently announced plans to allow bitcoin, ether and solana investing at its E-Trade business, the network noted.
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