Wealth Management
Hubbis partners with Independent Reserve for crypto news updates
Reported by AI
Hubbis has partnered with Independent Reserve to provide weekly crypto news and market trends to the Asian wealth management community. Bitcoin is holding steady near US$113,500 amid low leverage and a healthy market structure. This collaboration aims to deliver timely insights on digital assets.
Couple in 40s questions vacation home affordability
Reported by AI
A couple in their 40s with a $500,000 annual income and a $600,000 mortgage is seeking financial advice on whether they can afford a vacation home. The query highlights the challenges of balancing high earnings with significant existing debt. Financial experts often weigh such decisions against long-term goals like retirement.
Morgan Stanley expands crypto fund access for all wealth clients
Reported by AI
Morgan Stanley announced on October 10 that starting October 15, its financial advisors can offer cryptocurrency funds to any wealth management client, regardless of account type or asset level. This policy shift removes prior restrictions limiting access to high-net-worth individuals with aggressive risk profiles. The change aligns with evolving U.S. regulatory approvals for crypto exchange-traded funds.