Critics say an executive order that clears the way for alternative assets to enter retirement accounts poses risks to everyday investors. It could also pose some for private fund managers.

President Trump signed an executive order that he says will democratize alternative investments for workers saving for retirement.

The Trump administration has opened the door for alternative assets such as Bitcoin, crypto, private equity and credit, and more in retirement plans, but investors should proceed with caution.

The executive order directs the U.S. Secretary of Labor to review fiduciary guidance on private market investments in 401(k) and other defined-contribution plans that are governed by ERISA.

President Trump’s bold new executive order clears the way for private equity, cryptocurrency, and other alternative assets to enter 401(k) plans. While Wall Street cheers, experts warn average investors to tread carefully.