Frec: Direct indexing

With the Frec mobile app, you can easily manage your investments and take control of your financial future.

DIRECT INDEXING
Track popular indices like the S&P 500 or S&P 500® Information Technology while benefiting from daily tax-loss harvesting. Customize the index in ways such as excluding or adjusting the weights of stocks and sectors.

LONG SHORT DIRECT INDEXING
Choose a factor tilt for the Russell 1000 to express your view and potentially capture excess returns. Long and short positions harvest losses in up or down markets, unlocking significantly more opportunities for tax-loss harvesting than classic direct indexing.

DIVERSIFY
Turn concentrated stocks into a diversified portfolio with minimal tax impact. Frec uses long and short overlays to construct a portfolio around your concentrated positions to reduce concentration risk from day one. Over time, tax losses are harvested and used to offset gains from selling concentrated stocks.

PORTFOLIO LINE OF CREDIT
Access cash without selling your stocks using a portfolio line of credit. Borrow at industry-low fees. Our rate is always the Effective Federal Funds Rate + 1%.

EARN MORE ON IDLE CASH
Maximize yield on idle cash and easily manage recurring deposits with our secure and highly liquid Treasury.

TRADE WITHOUT COMMISSION FEES
Invest in individual stocks and ETFs with zero commission fees, and easily transfer stocks from other brokerages.

YOUR MONEY IS SECURE WITH US
Your assets are held securely with Apex Clearing, a custodian trusted with over $229B in assets. We use encryption, 2FA, and manual monitoring to protect your data. Frec is a member of SIPC. Securities in your account are protected up to $500K. For details, please see www.sipc.org. Additional coverage up to $150M from Apex.

EASY TO START
Get started in minutes. Set up your account, customize your portfolio, and begin investing without hassle.

COMING SOON: MORE WAYS TO INVEST
Onboarding for trust and business accounts is coming soon. You can open these accounts on web and use the app after account approval.

Disclosures:
Product images are for illustrative purposes only and are not a trade recommendation. There are no trade commission fees, but other fees may apply. See Frec’s fee schedule at https://docs.frec.com/pricing-fee-schedule.pdf

Frec’s AUM fees range from 0.09%-0.35% depending on the direct index strategy. Frec’s Large Cap index 0.10% fee is lower than the other retail direct index providers: Wealthfront: 0.25% & Fidelity: 0.40%

Borrowing on margin can increase your investing risk. Read Frec's Margin disclosure before borrowing. As of 1/27/2026, Frec's 4.64% borrow rate is lower compared to US News & World Report’s 2024 top four largest brokerage firms' lowest rates, based on a $25,000 loan: Charles Schwab: 11.50%; Fidelity: 11.33%; Vanguard: 11.50%; and JP Morgan Chase: 11.50%.

5 of the 16 index strategies require a $50,000 minimum.

Customers can add, exclude or adjust the weight of up to 25 stocks. They can also add or exclude up to 5 sectors for indices with multiple sectors. All indices are products of their corresponding companies and licensed for use by Frec.

All information on this publication is as of 1/27/2026. Investing involves risk, including the risk of loss. Brokerage services provided by Frec Securities LLC, member FINRA/SIPC, and advisory services provided by Frec Advisers LLC, an SEC-registered investment adviser, both wholly owned subsidiaries of Frec Markets, Inc.

You must be 18 years or older and a legal US resident to open an account.

Address: 171 2nd St., 3rd Flr., San Francisco, CA 94105
Email: app@frec.com