Morgan Stanley is now allowing financial advisors to recommend cryptocurrency funds to all clients, expanding its offerings. Previously limited to wealth clients with $1.5 million in assets, the bank has now dropped restrictions and opened access to all clients as of October 15. The firm plans to offer funds from BlackRock and Fidelity initially, with a goal to expand to other crypto funds in the future. This move reflects a more supportive stance towards crypto investments, in line with shifting regulatory approaches in the United States. Morgan Stanley’s global investment committee has recommended limiting allocations to crypto portfolios to 4% of initial exposure. Chief Investment Officer Lisa Shalett sees crypto as a speculative but increasingly popular asset class that many investors may want to explore.
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