• Bank of America will allow its 15,000 wealth advisors to recommend 1% to 4% crypto allocations to clients starting January 5, reversing a policy that previously restricted advisors from initiating digital asset conversations.
• The move follows similar decisions by Morgan Stanley [MS +2.46%], which recommended 2% to 4% Bitcoin allocations in October, and Vanguard, which lifted its crypto ban in December to allow ETF trading for its 50 million clients.
