SYSTEM AND METHOD FOR INTERACTIVE DISPLAY OF FINANCIAL INFORMATION AND ACCOMPANYING REPORT GENERATION

• US 20010011242A1
• Filed: 11/04/1997
• Published: 08/02/2001
• Est. Priority Date: 11/04/1997
• Status: Abandoned Application

• Current Assignee: Geoffrey Atkin, Katherine Roy Allex, Matthew Kane, Michael Grisham, Mitchell S. Farkas, Robert O. Kron
• Original Assignee: Geoffrey Atkin, Katherine Roy Allex, Matthew Kane, Michael Grisham, Mitchell S. Farkas, Robert O. Kron
• Inventors: GRISHAM, MICHAEL, FARKAS, MITCHELL S., KANE, MATTHEW, KRON, ROBERT O., ATKIN, GEOFFREY, ALLEX, KATHERINE ROY
• Application Number:
  US08/964,048
• Publication Number:
  US 20010011242A1
• Time in Patent Office: Days
• US Class Current: 705/36
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

The system includes data storage for storing current financial data on a user, as well as data relating to user defined future financial goals and events. The system also includes a unified display to graphically represent the various goals and events, as well as the projected net financial position of the user based on the stored current financial information and the future goals and events. In a preferred embodiment, the net position is displayed as a bar graph, with the goals and events being represented on categorized time lines above the graph having the same x-ordinate time scale. Each event or goal may be moved along its time line, or deactivated, to effect the projected net asset position of the user. The event or goal representations also provide simple access to the stored data underlying each of the goals and events.

Another aspect of the invention is the overall combination of a printed analysis of the user'"'"'s financial situation, prepared with data gathered by a financial institution, and a computer system pre-programmed with the same data. The pre-programmed personal data and static data (e.g., tax tables, etc.) may not be altered by the user. The system includes various calculation components for viewing the effects of changes to future events and goals based on the pre-programmed data.

Claims

1. A system for calculating and displaying financial information, comprising:

a display;

a means for calculating resulting data from personal data;

a graphical representation of the resulting data displayed on said display, said representation having a time dimension;

a graphical representation of an event displayed on said display, said event representing a portion of said personal data, said graphical representation being movable on said display in a direction corresponding to said time dimension;

such that when said graphical representation of said event is moved in said direction, said means for calculating recalculates said resulting data, said first graphical representation then reflecting the recalculated resulting data.

2. A system as in

claim 1

, wherein said personal data is comprised of personal data and event data, said personal data being unalterable by a user of said system, said event data being associated with said second graphical representation.

3. A system as in

claim 1

, further comprising multiple second graphical representations of events, each event being independently movable.

4. A system as in

claim 3

, wherein each of said events may be independently inactivated, said means for calculating recalculating said resulting without the portion of said personal data associated with any inactivated event.

5. A system as in

claim 4

, wherein each of said second graphical representations of events may be independently selected to cause a display of the portion of personal data associated with the selected event.

6. A system for generating and relaying financial data to a user, comprising:

personal financial data relating to said user;

means for calculating resulting data from said personal financial data;

a report generator for producing a hard copy report of said resulting data;

a display;

a first graphical representation of said resulting data on said display;

a second graphical representation of a portion of said personal financial data on said display;

means for manipulating said graphical representation on said display such that said portion of said personal data may be altered; and

means for recalculating said resulting data based on said altered personal data.

7. A system for providing a user with a report and interactive display of resulting financial data based on personal financial data for said user, comprising:

a data processor;

means for inputting said personal financial data into said data processor, said data processor generating said resulting financial data from said personal financial data;

means for outputting a hard copy report of said resulting financial data for said user;

means for generating a computer program incorporating said resulting financial data for said user, said computer program being capable of displaying said resulting financial data on a computer display;

said computer program comprising means for manipulating a portion of said personal financial data on said computer display and means for recalculating said resulting data based on the manipulated personal data.