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In my mind, the ideal product would be an account that invest 100% of my assets in funds of my choice - and has immediate liquidity.

One solution could let me withdraw immediately but and retroactively deducts the last few days of returns (or target a withdrawal fee equivalent to said returns).

Do you know if there’s a regulatory reason this product doesn’t exist?

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This is actually something we've done quite a bit of research into developing! What you're describing is very similar to repo lending in institutional finance.

We ultimately decided against implementing it for our initial product, since we're specifically focused on companies' long-term cash reserves which by definition shouldn't require immediate liquidity. But in the future, if our customers want it, it's definitely something we can build.

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