Method and system for assisting participants in an investment plan

• US 20030028464A1
• Filed: 07/08/2002
• Published: 02/06/2003
• Est. Priority Date: 07/07/2001
• Status: Abandoned Application

• Current Assignee: Bruce C. Kosinski
• Original Assignee: Bruce C. Kosinski
• Inventors: Kosinski, Bruce C.
• Application Number:
  US10/191,587
• Publication Number:
  US 20030028464A1
• Time in Patent Office: Days
• US Class Current: 705/36
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A system for facilitating investments portfolio modeling in an investment fund is disclosed. The system includes a computer that is operable to receive demographic information about a participant in an investment program, the information is provided to an investment advisor who determines a proposed portfolio based on a pre-existing portfolio or, if there is no pre-existing portfolio, based on other factors. The proposed portfolio is sent to the participant.

Claims

1. A method for facilitating investment by a participant in a 403(b) retirement fund comprising:

populating a database with information regarding the participant;

providing a web site accessible by the participant;

allowing the participant to access the web site;

determining the risk aversion of the participant; and

displaying an existing investment portfolios of the participant, if any.

3. The method of claim 1 further comprising:

receiving a request to change the existing portfolio;

displaying a worksheet and a copy of the exiting portfolio in response to the request; and

forming a new portfolio by allowing the user to change allocations between a plurality of funds that the user already invested in and new investment vehicles.

4. The method of claim 3 further comprising calculating the risk of the new portfolio.

5. The method of claim 4 further comprising comparing the risk of the new portfolio against the risk aversion of the investor and warning the investor if the risk of the new portfolio is significantly greater or larger than the risk aversion of the investor.

2. The method of claim I wherein the step of determining the risk aversion further comprises administering a multiple choice test to the participant to determine the risk aversion of the participant.

6. A method for facilitating investments in a 403(b) plan comprising:

receiving census data regarding a plurality of plan participants;

creating participant information files for each plan participants;

verifying each participant;

administering an investment profile analysis to each participant; and

providing a current investment portfolio of one or more investments upon request to each participant.

7. The method of claim 6 further comprising suggesting changes to the current investment portfolio based on the investment profile analysis of a participant and a risk analysis of one or more investments.

8. The method of claim 6 further comprising the step of allowing access to the current investment profile of each of the participants via a web browser.

9. The method of claim 6 further comprising the step of allowing changes to the current investment portfolio by each of the participants.

10. The method of claim 6 further comprising the step of providing research information on one or more investments.

11. The method of claim 6 further comprising the step of allowing each participant to alter their investment portfolio.

12. A system for facilitating investments for participants in an investment plan comprising:

one or more computers operable to;

receive census information regarding the participants in the investment plan;

receive data regarding investments offered to participants in the investment plan;

administer a risk analysis test to each of the participants in the investment plan to determine each participant'"'"'s risk aversion; and

generate files regarding each of the participants in the investment plan.

13. The system of claim 12 when the one or more servers are further operable to run a website accessible to each of the participants, the website providing information regarding each participant'"'"'s current investment portfolio and further investment allocation.

14. The system of claim 12 wherein the one or more servers are further operable to receive a request to change an existing portfolio from the participants.

15. The system of claim 12 wherein the one or more servers are further operable to display a plurality of investment vehicles, each of the investment vehicles having a preassigned risk factor.

16. The system of claim 15 where in the one or more servers are further operable to provide research information for each of the plurality of investment vehicles.

17. The system of claim 15 wherein the one or more servers are further operable to receive requests from participants to change the participant'"'"'s investment portfolio based on the plurality of investments provided to the participant.

18. The system of claim 17 wherein the one or more servers are further operable to calculate a risk rating for the investment portfolio selected by the participant.

19. The system of claim 18 wherein the one or more servers are further operable to generate a clearing to the participant of the risk rating of the investment portfolio is grater than the risk aversion rating of the participant.

20. The system of claim 12 wherein the risk analysis test is a multiple choice test.