Wealth Management

Barron's reports Morgan Stanley’s wealth management chief Jed Finn said the firm is preparing to launch its own cryptocurrency wallet. The development highlights continued institutional moves to offer client-facing digital-asset services.

Kraken has launched a VIP service that pairs ultra-high-net-worth clients with dedicated relationship managers, offering 24/7 support and early access to insights across the exchange’s full product suite.

Bank of America will permit wealth advisors to recommend crypto allocations in client portfolios starting next month, the bank announced Thursday. The move is seen as a milestone for mainstream acceptance of digital assets within traditional wealth management.

Bank of America now recommends a modest 1%–4% allocation to digital assets for suitable portfolios, framing crypto as a controlled way to gain exposure while managing volatility. The guidance signals growing mainstream acceptance of crypto within wealth-management strategies.

According to Yahoo, Bank of America will allow its wealthiest clients to buy Bitcoin ETFs and for the first time permit its network of advisers to recommend crypto exposure, with a 1–4% allocation guideline. The move signals broader institutional acceptance of BTC products.

Binance has launched bespoke private-client services targeting ultra-wealthy investors and family offices, offering tailored OTC, custody and lending solutions. The push aims to draw institutional-sized flows while likely increasing regulatory and compliance scrutiny.

Younger, wealthier Americans are moving away from financial advisors who dismiss Bitcoin, seeking professionals who can combine crypto exposure with broad, low-cost equity index strategies.