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Morgan Stanley will open the doors to cryptocurrency investments for all its clients, marking a major shift by the world’s largest wealth management firm. Starting October 15, financial advisors can pitch crypto funds to any client and in any type of account, including retirement accounts. Until now, only wealthy investors with at least $1.5 million and high-risk tolerance could gain access to these products.
The decision comes as the bank accelerates its push into digital assets, following last month’s announcement that bitcoin, ether, and solana trading will soon be available through its E-Trade platform. Advisors are currently limited to bitcoin funds managed by BlackRock and Fidelity, but Morgan Stanley is monitoring the market for future additions. To protect investors, the firm will use automated checks to prevent overexposure to volatile crypto assets.
With $8.2 trillion in client assets, Morgan Stanley is positioning itself as a leading Wall Street player in the crypto space. Its investment committee recommends a cautious entry, suggesting allocations of up to 4% depending on individual goals.
