Morgan Stanley (NYSE:MS) has reportedly removed longstanding limits on which wealth clients can buy crypto funds, telling advisors they may place digital-asset products across account types, including retirement accounts, as part of a broader expansion of access beginning Oct. 15.
The firm informed its advisor force that crypto funds can be offered to any customer, a shift from prior rules that confined the products to high-net-worth investors with aggressive risk profiles and taxable brokerage accounts, CNBC reports.
