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At The Prudent Plastic Surgeon, my goal is to help you navigate your financial well-being. This includes referring you to goods or services that I believe in, like access to real estate investment opportunities.
To do this, many of the products and services featured here and through the site may be from our affiliates and partners. Sometimes this means that I get paid when you use their services, at no extra cost to you.
I only will ever recommend financial resources that I have personally used or have vetted extensively and would choose to use myself!
Frec is redefining how self-directed investors grow their wealth through low-fee direct indexing. Now, high-earning professionals like physicians can passively invest and optimize their tax efficiency—all without the high costs of traditional wealth managers.
ETFs bundle multiple stocks into a single security, meaning you can’t sell individual stocks to capture tax losses. On the other hand, direct indexing unlocks advanced tax strategies like tax loss harvesting by owning underlying stocks of an index.
With Frec Direct Indexing, you can passively track an index like with an ETF while also benefiting from automated tax loss harvesting. Frec’s algorithm continuously monitors your portfolio and strategically trades in and out of securities to capture tax losses while getting similar gains to the index.
Let’s say you own Coca-Cola and it drops in value. Frec’s algorithm may sell this and replace it by buying a highly correlated stock, say Pepsi, allowing you to capture the loss while maintaining market exposure. These losses can offset outside capital gains, lower your ordinary income by up to $3,000, or even defer tax payments during retirement. And the best part? They never expire so you can use them in the future.
Beyond tax savings, Frec offers additional powerful tools to help you stay in control and get more out of your investments:
Founded in 2021 in San Francisco, Frec was built by a team frustrated with outdated financial tools and high management fees. They are funded by investors from Google, Meta, Apple, and Instacart. Their biggest backer is Greylock. Assets are housed at Apex Clearing House.
