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Ben Hedges listeners get $250 when you fund any direct indexing strategy.

Frec x Ben Hedges

Better than an ETF

  • Automatically harvest tax losses
  • Diversify from concentrated stock
  • Save thousands on taxes
  • Customize your index
  • Fee's start at just 0.09%
  • Member of SIPC
  • $1.25B+ in assets
  • SEC registered
Screenshot of Frec's direct indexing home page

Ben Hedges is a participant in Frec's Referral Program being offered by Frec Markets, Inc. and its wholly owned subsidiaries, Frec Securities LLC and Frec Advisers LLC (collectively, "Frec"). Ben Hedges is not a Frec client, and this constitutes a paid endorsement rather than a testimonial, which may not be representative of actual client experiences. Ben Hedges received a one-time fee for the video, creating a material conflict of interest. You will receive $250 in cash if you fund a Frec direct index portfolio via the provided link and keep the funds in the account for 90 days. See terms. No other known material conflicts exist between Ben Hedges and Frec.

Level up your investing
without leveling up fees

Access low-cost direct indexing

Get tax-efficient market returns, no human advisor needed.

Tax-efficient investing

Automate tax-loss harvesting to unlock potential tax savings.

Make it your own

Invest in multiple indices and make your portfolio personalized to you.

Choose from your favorite indices

Our indices are licensed directly from providers and span market caps, regions, sectors, values, and more.


Start with as low as $20,000 for only 0.09% annually.

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S&P 500®
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Dow Jones U.S. Dividend 100
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CRSP US Mid Cap Growth
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CRSP US Mid Cap Value
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CRSP US Small Cap
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Russell 1000
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S&P 100®
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S&P 500® Shariah
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MSCI EAFE ADR
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S&P 500® Information Technology
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CRSP US Large Cap
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CRSP US Small Cap Growth
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CRSP US Small Cap Value
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CRSP US Total Market
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Russell 2000
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S&P Developed Markets ADR
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MSCI World ADR
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S&P 500® Momentum
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CRSP US Large Cap Growth
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CRSP US Large Cap Value
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CRSP US Mid Cap
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MVIS® US Listed Semiconductor 25
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Russell 3000
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S&P Emerging ADR
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MSCI ACWI ADR

“Frec helped me offset almost all of my gains in 2024. Frec is like your financial best friend to have in your arsenal for paying less in taxes. I am excited to see what happens this year.”

Chris Y.

VP of Product

Testimonials may not be representative of the experience of other customers. There is no guarantee of future performance or success, and all are current Frec customers and were not paid for these statements.

Screenshot of Frec's portfolio allocation feature

Manage a portfolio of direct indices

Set up a portfolio allocation with multiple indices to keep your accounts balanced according to your investment plan.

Get started

Sophisticated tools, simplified

Without the need for a human advisor, nor the high fees that come with one.

See how you're tracking the index

Check how your direct index is tracking the comparison ETF.

Screenshot of Frec's portfolio tracking error feature

Estimate your tax impact

See your potential tax impact before you take action.

Screenshot of Frec's portfolio estimated tax impact feature

Stock lending

Maximize every stock in your index by lending them out.

Screenshot of Frec's portfolio stock lending feature

Withdraw anytime

You can withdraw at any time, tax-efficiently. Or, borrow up to 70% of your portfolio at a low fee.5

Screenshot of withdrawing from a direct index on FrecWithdrawing to a bank account from Frec

Move stocks in and out

You have the flexibility to move stocks in and out of your direct index.

Screenshot of moving stocks into a direct index on FrecMoving stocks from your self-managed account to a direct index

See the granular trades

Dig into the details of all the trades happening behind the scenes.

FAQs

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Check the background of Frec Securities LLC on FINRA's BrokerCheck. Questions? Reach out to us at help@frec.com.

1

You can add, remove, or adjust the weights of up to 25 stocks. You can also remove or adjust the weights of up to 5 sectors for all indices except for the S&P 500® Information Technology Index and the MVIS® US Listed Semiconductor 25 Index.

2

40% tax losses harvested from a portfolio is based on a ten-year time frame and simulation results from Frec's direct index model tracking the S&P 500 index. The results are hypothetical, do not reflect actual investment results, and are not a guarantee of future results. The simulations were run to tax loss harvest on a weekly basis in a ten-year time frame of ninety-day increments from 12/17/2003-06/10/2022 with a $50,000 initial deposit. The simulations averaged at the end of year ten resulted in a 40% accumulated tax loss savings and include a 0.10% AUM fee.

3

A tracking error of +/- 1% is based on a 10-year simulation of the S&P 500 with a standard deviation of observed excess return over 36 simulation runs from 12/17/2003-06/10/2022 with a $50,000 deposit was 8.2% or approximately +/- 0.77% annually. The results are hypothetical, do not reflect actual investment results, and are not a guarantee of future results.

4

“Up to 2 times the losses” refers to results generated by Frec's S&P 500 direct indexing model of 38.4% in tax losses harvested for Frec's direct indexing portfolio compared to 20.2% for an ETF-to-ETF tax loss harvesting strategy. These results are hypothetical, do not reflect actual investment results, and are not a guarantee of future results. They were generated with a one-time $50,000 investment into Frec's S&P 500 direct indexing strategy and an ETF strategy trading between SPY and IVV for a ten year time frame of ninety day increments from 12/17/2003-07/25/2023. The simulations considered a 0.10% fee structure and a 0.25% fee structure for the ETF strategy. Wealthfront and Betterment are roboadvisers that utilize an ETF-to-ETF tax loss harvesting strategy.

Testimonials may not be representative of the experience of other customers, there is no guarantee of future performance or success, and all are current Frec customers and were not paid for these statements.

Frec is making sophisticated investing strategies simple and accessible. By using frec.com, you accept our Terms of Use and Privacy Policy. Frec is only available to US residents. Frec refers to Frec Markets, Inc., and its wholly owned subsidiaries, Frec Securities LLC and Frec Advisers LLC. Read about the services and differences between the entities in our Form CRS.

Product images are for illustrative purposes only.

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