PROVIDING GOAL-BASED FINANCIAL PLANNING VIA COMPUTER
First Claim
1. A method of providing financial planning advice to an advisee via a computer, comprising the steps of:
- (a) receiving current information of the advisee, the current information comprising, (i) data indicative of a current financial situation of the advisee including assets of the advisee, and (ii) data indicative of a currently intended future life event of the advisee;
(b) determining a future financial obligation of the advisee that is representative of the intended future life event of the advisee;
(c) determining a rate of return on investment that is required in order for the advisee to meet the future financial obligation based on the advisee'"'"'s current financial situation; and
(d) providing to the advisee a recommended asset allocation and an indication of the probability that the future financial obligation will be met based on the advisee'"'"'s current financial situation and the recommended asset allocation.
1 Assignment
0 Petitions
Accused Products
Abstract
Interactively providing financial advice to an individual via a computer system includes: (a) receiving current information of the advisee, the current information including (i) data indicative of a current financial situation of the advisee including assets of the advisee, and (ii) data indicative of a currently intended future life event of the advisee; (b) determining a future financial obligation of the advisee that is representative of the intended future life event of the advisee; (c) determining a rate of return on investment that is required in order for the advisee to meet the future financial obligation based on the advisee'"'"'s current financial situation; and (d) providing to the advisee a recommended asset allocation and an indication of the probability that the future financial obligation will be met based on the advisee'"'"'s current financial situation and the recommended asset allocation. Assistance may be provided through a virtual human advisor.
144 Citations
22 Claims
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1. A method of providing financial planning advice to an advisee via a computer, comprising the steps of:
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(a) receiving current information of the advisee, the current information comprising, (i) data indicative of a current financial situation of the advisee including assets of the advisee, and (ii) data indicative of a currently intended future life event of the advisee;
(b) determining a future financial obligation of the advisee that is representative of the intended future life event of the advisee;
(c) determining a rate of return on investment that is required in order for the advisee to meet the future financial obligation based on the advisee'"'"'s current financial situation; and
(d) providing to the advisee a recommended asset allocation and an indication of the probability that the future financial obligation will be met based on the advisee'"'"'s current financial situation and the recommended asset allocation. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A method of providing financial planning advice to an advisee via a computer, comprising the steps of:
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(a) receiving current information of the advisee, the current information comprising, (i) data indicative of demographic information of the advisee, (ii) data indicative of a current financial situation of the advisee including assets of the advisee, and (iii) data indicative of currently intended future life events of the advisee, including, for each intended future life event, a respective projected year of the intended future life event;
(b) determining, for each intended future life event, a future financial obligation of the advisee that is representative of the intended future life event of the advisee;
(c) determining an overall rate of return on investment that is required in order for the advisee to meet each of the future financial obligations in each respective projective year based on the advisee'"'"'s current financial situation; and
(d) providing to the advisee a recommended asset allocation and an indication of the probability that the future financial obligations will be met based on the advisee'"'"'s current financial situation and the recommended asset allocation. - View Dependent Claims (18, 19, 20, 21, 22)
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Specification