Adaptive financial advisor

• US 10,453,124 B1
• Filed: 10/20/2015
• Issued: 10/22/2019
• Est. Priority Date: 11/05/2014
• Status: Active Grant

• Current Assignee: United Services Automobile Association
• Original Assignee: United Services Automobile Association
• Inventors: Voutour, Teddy Joseph Edmond, Ault, David C., Nickel, Christina N.
• Primary Examiner(s): Campen, Kelly S
• Application Number:
  US14/918,211
• Time in Patent Office: 1,463 Days
• Field of Search: 705 35, 705 36 R, 1 1, 482 4
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

Methods, systems, and apparatus, including computer programs encoded on computer storage media, for an adaptive financial system. One of the methods includes receiving, from a user, a selected lifestyle archetype of a user, wherein the selected lifestyle archetype identifies a predetermined allocation of income and spending. The method includes monitoring financial activities of the user. The method also includes providing feedback to the user based on the monitoring and the selected lifestyle archetype.

Claims

1. A computer-implemented method comprising:

receiving data indicating a user-selected lifestyle archetype of a user, wherein the user-selected lifestyle archetype identifies a predetermined allocation of income and spending;

retrieving, by a central processing unit of a computer system, data from a database, the data representing financial activities of the user;

monitoring, by a computer system, the financial activities of the user;

executing, by an application server, a feedback subsystem;

comparing, by the feedback subsystem, the financial activities of the user with the financial activities of at least one different user having selected a user-selected lifestyle archetype substantially similar to the user-selected lifestyle archetype of the user, wherein the financial activities comprise a savings rate;

generating, by the feedback subsystem, a rating of the user at least partially based on the comparing of the financial activities of the user with the financial activities of the at least one different user, wherein when the savings rate of the user is higher than the savings rate of the at least one different user, the rating of the user is higher than a rating of the at least one different user;

sending, by the computer system, first graphical user interface data that when rendered on a display device of a user device of the user renders a first graphical user interface with one or more visual representations representing a feedback indicator that indicates the generated rating;

comparing, by the computer system, the financial activities of the user to a second lifestyle archetype different from the user-selected lifestyle archetype;

determining, by the computer system, that the financial activities of the user more match the second lifestyle archetype relative to the user-selected lifestyle archetype;

sending, by the computer system, second graphical user interface data that when rendered on the display device of the user device renders a second graphical user interface that prompts the user to confirm that they self-identify with the second lifestyle archetype;

receiving, by the computer system through the second graphical user interface, feedback input from the user device, the feedback input indicating that the user confirmed that they self-identify with the second lifestyle archetype;

updating one or more portions of memory designated for the user with feedback data associated with the feedback input;

updating, by the feedback subsystem and responsive to receiving the feedback input, the rating of the user based on the second lifestyle archetype; and

sending, by the computer system, third graphical user interface data that when rendered on the display device of the user device renders a third graphical user interface with one or more visual representations representing a feedback indicator that indicates the updated rating.

2. The method of claim 1, further comprising:

determining an educational need of the user based on the monitoring; and

presenting educational material to the user based on the determined educational need.

3. The method of claim 1, wherein the financial activities of the user includes a percentage of income that is saved.

4. The method of claim 1, further comprising:

recommending the user open a new financial account based on a comparison of financial accounts of the user and financial accounts common to the at least one different user.

5. The method of claim 1, further comprising:

determining an amount of income available to service debt of the user;

wherein monitoring the financial activities of the user includes monitoring the amount of income used to service debt; and

wherein generating the rating of the user is further based on the monitoring the amount of income used to service debt and the determined amount of income available to service debt.

6. The method of claim 1, wherein the user-selected lifestyle archetype identifies at least one spending choice that is a voluntary financial decision.

7. The method of claim 1, wherein the user-selected lifestyle archetype is representative of the way the user prefers to live.

8. The method of claim 1, wherein the user-selected lifestyle archetype is representative of a phase in the user'"'"'s life.

9. The method of claim 1, where in the user-selected lifestyle archetype is representative of at least one of as the user'"'"'s attitudes, values, and world views.

10. A system comprising:

one or more computers and one or more storage devices storing instructions that are operable, when executed by the one or more computers, to cause the one or more computers to perform operations comprising;

receiving, from a user, data indicating a user-selected lifestyle archetype of the user, wherein the user-selected lifestyle archetype identifies a predetermined allocation of income and spending;

retrieving data from a database, the data representing financial activities of the user;

executing a budgeting subsystem configured to monitor the financial activities of the user;

executing a feedback subsystem configured to;

compare the financial activities of the user with the financial activities of at least one different user having selected a user-selected lifestyle archetype substantially similar to the user-selected lifestyle archetype of the user, wherein the financial activities comprise a savings rate; and

generate a rating of the user at least partially based on the comparing of the financial activities of the user with the financial activities of the at least one different user, wherein when the savings rate of the user is higher than the savings rate of the at least one different user, the rating of the user is higher than a rating of the at least one different user; and

executing an advice subsystem configured to;

send first graphical user interface data that when rendered on a display device of a user device of the user renders a first graphical user interface with one or more visual representations representing a feedback indicator that indicates the generated rating;

compare the financial activities of the user to a second lifestyle archetype, different from the user-selected lifestyle archetype;

determine that the financial activities of the user more match the second lifestyle archetype relative to the user-selected lifestyle archetype;

send second graphical user interface data that when rendered on the display device of the user device renders a second graphical user interface that prompts the user to confirm that they self-identify with the second lifestyle archetype;

receive, through the second graphical user interface, feedback input from the user device, the feedback input indicating that the user confirmed that they self-identify with the second lifestyle archetype;

update one or more portions of memory designated for the user with the feedback data associated with the feedback input; and

send third graphical user interface data that when rendered on the display device of the user device renders a third graphical user interface with one or more visual representations representing a feedback indicator that indicates an updated rating, the updated rating being generated by the feedback subsystem based on the second lifestyle archetype.

11. The system of claim 10, wherein the advice subsystem is further configured to:

determine an educational need of the user based on the monitoring; and

send fourth graphical user interface data that when rendered on the display device of the user device renders a fourth graphical user interface that presents educational material to the user based on the determining.

12. The system of claim 10, wherein the financial activities of the user includes a percentage of income to be saved.

13. The system of claim 10, wherein:

the advice subsystem is further configured to recommend the user open a new financial account based on a comparison of financial accounts of the user and financial accounts common to the at least one different user.

14. The system of claim 10, wherein:

the budgeting subsystem is configured to determine an amount of income available to service debt;

monitoring the financial activities of the user includes monitoring the amount of income used to service debt; and

generating the rating of the user is further based on the monitoring the amount of income used to service debt and the amount of income available to service debt.

15. The system of claim 10, wherein the lifestyle archetype identifies at least one spending choice that is a voluntary financial decision.

16. A non-transitory computer storage medium encoded with computer program instructions that when executed by one or more computers cause the one or more computers to perform operations comprising:

receiving data indicating a user-selected lifestyle archetype of a user, wherein the user-selected lifestyle archetype identifies a predetermined allocation of income and spending;

retrieving data from a database, the data representing financial activities of the user monitoring the financial activities of the user;

comparing the financial activities of the user with the financial activities of at least one different user having selected a user-selected lifestyle archetype substantially similar to the user-selected lifestyle archetype of the user, wherein the financial activities comprise a savings rate;

generating a rating of the user at least partially based on the comparing of the financial activities of the user with the financial activities of the at least one different user, wherein when the savings rate of the user is higher than the savings rate of the at least one different user, the rating of the user is higher than a rating of the at least one different user;

sending, by the computer system, first graphical user interface data that when rendered on a display device of a user device of the user renders a first graphical user interface with one or more visual representations representing a feedback indicator that indicates the generated rating;

comparing the financial activities of the user to a second lifestyle archetype different from the user-selected lifestyle archetype;

determining that the financial activities of the user more match the second lifestyle archetype relative to the user-selected lifestyle archetype;

sending second graphical user interface data that when rendered on the display device of the user device renders a second graphical user interface that prompts the user to confirm that they self-identify with the second lifestyle archetype;

receiving through the second graphical user interface, feedback input from the user device, the feedback input indicating that the user confirmed that they self-identify with the second lifestyle archetype;

updating one or more portions of memory designated for the user with feedback data associated with the feedback input;

updating, responsive to receiving the feedback input, the rating of the user based on the second lifestyle archetype; and

sending third graphical user interface data that when rendered on the display device of the user device renders a third graphical user interface with one or more visual representations representing a feedback indicator that indicates the updated rating.

17. The non-transitory computer storage medium of claim 16, further comprising:

determining an educational need of the user based on the monitoring; and

presenting educational material to the user based on the determined educational need.

18. The non-transitory computer storage medium of claim 16, wherein the financial activities of the user includes a percentage of income that is saved.

19. The non-transitory computer storage medium of claim 16, further comprising:

recommending the user open a new financial account based on a comparison of financial accounts of the users and financial accounts common to the at least one different user.

20. The non-transitory computer storage medium of claim 16, further comprising:

determining an amount of income available to service debt of the user;

wherein monitoring the financial activities of the user includes monitoring the amount of income used to service debt; and

wherein generating the rating of the user is further based on the monitoring the amount of income used to service debt and the amount of income available to service debt.

21. The non-transitory computer storage medium of claim 16, wherein the user-selected lifestyle archetype identifies at least one spending choice that is a voluntary financial decision.