Frec: Tax-aware investing

Take control of your financial future with the Frec mobile app, and get direct access to tax-efficient investment strategies.

CLASSIC DIRECT INDEXING
Track popular indices like the S&P 500 or S&P 500® Information Technology with automatic tax loss harvesting. Customize the index by adding, excluding, or adjusting the weights of stocks and sectors.

LONG SHORT DIRECT INDEXING
Tilt your favorite index towards a factor you want to express, or to balance out your portfolio. Market-like returns with more chances to harvest losses.

DIVERSIFY
Turn concentrated stocks into a diversified portfolio with minimal tax impact over time.

PORTFOLIO LINE OF CREDIT
Access cash by borrowing against your portfolio instead of selling your stocks. No credit check required, and our rate is always the Effective Federal Funds Rate + 1%.

EARN YIELD ON IDLE CASH
Maximize yield on idle cash and make recurring deposits with our secure and highly liquid Treasury.

TRADE WITHOUT COMMISSION FEES
Invest in stocks and ETFs, 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 $270B 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.

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.

Minimums for Frec’s Classic direct indexing range from $5K to $50K, depending on the index.

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 10/29/2026. 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: 301 Howard St, Suite 1410, San Francisco, CA 94105
Email: app@frec.com