Transaction and account management system

• US 20070250426A1
• Filed: 04/04/2007
• Published: 10/25/2007
• Est. Priority Date: 09/08/1999
• Status: Abandoned Application

• Current Assignee: Teddy Demirjian
• Original Assignee: Teddy Demirjian
• Inventors: Demirjian, Teddy
• Application Number:
  US11/732,715
• Publication Number:
  US 20070250426A1
• Time in Patent Office: Days
• US Class Current: 705/36.R
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/4014 Identity check for transactions
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0635 Processing of requisition or of purchase orders
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

An information management system that consists of data, a rules database, and user profiles is provided. The rules database stores information about system responses to modifications of the data. The user profiles store information concerning the availability of information and displays depending upon the user. Automatic updates to user profiles in response to modifications to the data are performed.

Claims

1. An information management system comprising:

a first database storing first information for viewing and manipulation by one or more system users, said first information being manipulated and/or viewed by system users but not being used directly to define system operation or function;

a user profile database wherein said database has stored therein identification information which correlates at least one of said system users with a user specific data manipulation logic and/or data display format that at least in part defines system operation;

a rules database storing information defining system response to user modifications to said first information;

wherein at least one system response to a first user modifying said first information comprises altering the user profile of at least a second user.

2. The system of claim 1, wherein said databases and associated application programming are web hosted, and wherein said plurality of system users interface with said databases and said associated application programming using a web browser program.

3. The system of claim 1, comprising a server having stored thereon at least one database containing client financial transaction information, said server also having stored thereon (1) a plurality of user profiles which correlate system users with user specific data manipulation logic and data display format, and (2) a plurality of business logic rules defining system operations that are performed in response to transactions requested by system users, wherein a common set of client transaction information is available for display and manipulation to an investment advisor firm as well as broker/dealer firms and custodian banks throughout the life cycle of an equity order transaction in accordance with a user profile defined for each corresponding user.

4. In a computerized information management system, a method of managing financial portfolios comprising:

storing information in a database;

assigning a user profile to each of a set of users, wherein said user profile defines the information in said database which is available to a user, and/or the data manipulation in said database that the user may perform;

defining a set of rules governing how a first user action such as altering information in said database is to affect user profiles of users other than said first user;

automatically updating in accordance with said rules information in said database, wherein said updating is in response to said first user'"'"'s activity; and

automatically updating in accordance with said automatic update of information said user profile of said first user and said user profiles other than said first user'"'"'s profile in response to said first user'"'"'s activity.

5. A computerized equity based transaction management system, available to a plurality of different types of users that manages the entire life cycle of an equity order transaction, said system comprising:

a. at least one server coupled to an investment advisor computer network comprising data processing devices used by one or more users required to complete an equity order transaction, the users comprising a plurality of clients, portfolio managers, assistant portfolio managers, compliance officers, equity traders, executing brokers, custodian banks, clearing houses and electronic trading venues;

b. an internet browser on the data processing devices that are connected to the network via an internet/intranet connection that allows one or more of the users to interact with the network at an investment advisor'"'"'s internet site during an equity order transaction;

c. a data repository system that stores, delivers and retrieves data for the-system, wherein at least a portion of the data is accessible for at least one of viewing and manipulating by the users during the entire life cycle of an equity order transaction and is updated after the user manipulates the information, and wherein said data comprises;

i. client account information including one or more of account number, account description, account trading restrictions, account balance information, account transactions, and account holdings;

ii. user profile information which correlates a user'"'"'s role in the equity order transaction with specific data manipulation logic which defines the user'"'"'s access entitlements to the client account information and a specific data display format that is presented to the user;

iii. valid dialog/presentation information combinations that are available to the user based on the user'"'"'s profile information;

iv. valid business logic information combinations that are available to the system based on the user'"'"'s role and an investment advisor'"'"'s definition of business access authorization, the business logic information defines specific data manipulation routines and logic that are permitted against an equity order transaction through out the life cycle of the transaction as defined by authorized user(s);

v. valid user/investment advisor site information used for site configurations and user roles, and used to modify the business logic information and dialog/presentation information;

vi. valid management information combinations for external connections;

d. a business logic manager that manages the system operations that are performed in response to transaction requests by users based on the business logic information combinations as defined by authorized administrators of the system;

e. a user profile and session manager that manages the user'"'"'s profile information, authorizes the user'"'"'s role, determines which transaction information is available to a user for manipulation, and determines the data display format of the transaction to the user;

f. a user database interface manager that manages the user'"'"'s access to the data on the data repository system and the client account information, and allows at least one of viewing or manipulating the information depending on the authorized user'"'"'s role;

g. a presentation dialog manager that stores and displays the various screens that are available to the authorized users defined by the valid dialog/presentation information combinations;

h. a user/investment advisor site manager that defines specific business functions that the investment advisor site is authorized to perform and the specific dialogues the user investment advisor site is allowed to view;

i. a transaction manager that manages how the transaction will interact with a user comprising;

i. receiving transaction requests from the user profile and session manager;

ii. forwarding transactions that the user is authorized to perform to transaction execution modules in accordance to the user profile information and the business logic information; and

iii. transmitting a presentation request to the presentation dialog manager;

j. a user plug-in module that manages how data is formatted when either sent or received from users during the transaction;

k. an information manager that manages the connections and data exchange with third party vendor databases, comprising modifying client account information in third party vendor databases in response to the executed transaction;

l. a security module that authenticates the user session to allow the authorized user access to the system;

m. a network connection module that interfaces with the security module allowing network traffic in and out of the network and that manages network connections.

n. wherein a common set of client transaction information is available for display and manipulation to said plurality of clients, portfolio managers, assistant portfolio managers, compliance officers, equity traders, executing brokers, custodian banks, clearing houses and electronic trading venues throughout the life cycle of an equity order transaction in accordance with said user profiles defined for each corresponding user.