EXCLUSIVE: Frec Launches Direct Indexing, Takes First Mover Advantage — Insights From CEO Mo Al Adham
Summary
The event will spotlight the latest trends, innovations, and challenges in the digital asset realm.Also read: Bitcoins Fake Pump Seems Over: Crypto Analyst Capo Predicts Price Drop To $12KFrecs Direct Indexing assures investors of key value additions if chosen as an investment option. Investors can pick their preferred sector or individual stock options.Currently, Frec DI will support two indices, enabling customers to track the S&P 500 and Infotech (65 of the biggest technology companies by market cap). It looks to launch many more indices soon.Unlike other options like Mutual Funds and ETFs, Frec DI supports investors to own the underlying stocks of that index and benefits them with tax loss harvesting opportunities. Mo adds that if consumers do not have any capital gains, they can still offset up to $3,000 per year in ordinary income generating larger savings for the future.Amid the expanding landscape of fintech companies, Adham believes that besides DI, Frec has a significant range of product offerings like a portfolio line of credit to allow customers to borrow against their stocks and Frec Treasury for customers optimizing their idle cash and earn up to 5.02% through automated investing in money market funds. With a lineup of esteemed speakers and industry experts, the conference is set to offer attendees a comprehensive understanding of where fintech stands today and where its headed.Now Read: Binance CEO Changpeng Zhao Faces Class Action Lawsuit Over Alleged Misconduct That Led To FTXs Collapse