Morgan Stanley lifts investment restrictions on cryptocurrency funds, expanding access to all clients

ChainCatcher news, according to CNBC, Morgan Stanley notified its financial advisors on Friday that the company is expanding access to cryptocurrency investments to all clients and allowing such investments in any type of account, including retirement accounts.

Starting from October 15, advisors will be able to recommend cryptocurrency funds to any client. Previously, this option was limited to clients with aggressive risk tolerance and assets of at least $1.5 million.

Morgan Stanley will rely on automated monitoring processes to ensure that clients do not become overly concentrated in this volatile asset class. The bank's Global Investment Committee recently released a model suggesting that the maximum initial allocation to cryptocurrency could be as high as 4%, depending on different goals ranging from "wealth preservation" to "opportunity growth."