Automated investment advisory software and method
First Claim
1. In an automated investment advisory system, an investment advisory method for a user desiring an optimized investment portfolio, comprising the steps of:
- assessing a risk profile of the user;
mapping automatically a set of portfolio holdings of the user into a set of asset classes;
determining an investment risk classification as a function of the mapped asset classes;
comparing the investment risk classification with the user'"'"'s risk profile; and
recommending portfolio changes to correlate the investment risk classification with the user'"'"'s risk profile.
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Abstract
The present invention is a web-based investment advisory system and method to assist financial advisors in delivering personalized investment advisory services to investors. According to one aspect of the present invention, an advisor can interactively i) assess a client'"'"'s investment profile (ii) evaluate the risk dimensions of the client'"'"'s current portfolio holdings, iii) recommend specific portfolio changes based on asset classes to create an optimized portfolio for the client'"'"'s investment profile, iv) suggest specific investment products available through the advisor and v) seamlessly integrate with the advisors trading platform for executing purchase and sales orders. According to another aspect of the present invention, an advisor can interactively customize all or certain aspects of the advisory system. According to another aspect of the present invention, the advisor can give his clients access to the system through the Internet, thereby allowing for online collaboration between the advisor and client.
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Citations
23 Claims
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1. In an automated investment advisory system, an investment advisory method for a user desiring an optimized investment portfolio, comprising the steps of:
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assessing a risk profile of the user;
mapping automatically a set of portfolio holdings of the user into a set of asset classes;
determining an investment risk classification as a function of the mapped asset classes;
comparing the investment risk classification with the user'"'"'s risk profile; and
recommending portfolio changes to correlate the investment risk classification with the user'"'"'s risk profile. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. In a distributed computer network in which a user desiring an optimized investment portfolio and having a risk profile accesses a host server, a method for constructing an optimized investment portfolio at the host server comprising the steps of:
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accepting from a station across a distributed computer network an investment package;
processing the investment package to determine an optimized investment portfolio; and
transmitting a populated template to the station across the distributed computer network. - View Dependent Claims (13)
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14. In an automated investment advisory system where a user desiring an optimized investment portfolio is presented with a questionnaire, a software component comprising:
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a risk engine which generates a risk profile of the user using the questionnaire submitted by the user;
a database populated with portfolio holdings inputted directly by the user;
a portfolio processor which divides the database into distinct asset classes and generates an investment risk of the database; and
an optimization engine which generates an output by which the investment risk is correlated with the risk profile. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22, 23)
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Specification