Morgan Stanley drops restrictions on which wealth clients can own crypto funds

Key Points

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.
Morgan Stanley will rely on an automated monitoring process to make sure that clients aren’t overly concentrated in the volatile asset class

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