Frec: Tax-aware investing

Index investing with tax efficiency built in. Choose your favorite index, make customizations, and save on taxes. Fees as low as 0.09%.

Take control of your financial future with the Frec mobile app, and get direct access to strategies once limited to high-fee advisors and the ultra-wealthy.

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 portfolio to seek excess market returns while unlocking more opportunities to harvest tax losses than a classic direct index.

DIVERSIFY Reduce concentration risk from day one, and turn concentrated stocks into a diversified portfolio with minimal tax impact over time.

PORTFOLIO LINE OF CREDIT Access cash by borrowing against your portfolio with a low interest line of credit 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 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 $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. As of 7/30/2026, 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: 11.325%; Fidelity: 11.325%; Vanguard: 11.50%; and JP Morgan Chase: 11.50%.

8 of the 25 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 7/30/2026. 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