METHOD AND SYSTEM FOR FINANCIAL ADVISING
First Claim
1. A method of financial advising comprising:
- performing, by a computer, a simulation of an investment allocation over a predetermined time period using a capital market modeling technique, the simulation accounting for investments and expenditures planned to occur during the predetermined time period; and
determining, by the computer, using the simulation of the investment allocation, (1) a plurality of upper boundary portfolio values, each upper boundary portfolio value corresponding to a date in the predetermined time period, each upper boundary portfolio value comprising an amount of money calculated to provide a first predetermined likelihood of exceeding a value for a client goal from a present date until the corresponding date, (2) a plurality of lower boundary portfolio values, each lower boundary portfolio value corresponding to a date in the predetermined time period, each lower boundary portfolio value comprising an amount of money calculated to provide a second predetermined likelihood of exceeding the value for the goal from a present date until the corresponding date, (3) a plurality of anticipated future portfolio values, each anticipated future portfolio value corresponding to a date in the predetermined time period, and (4) an estimated chance that the anticipated future portfolio values will be greater than the upper boundary portfolio value on a corresponding date or be less than the lower boundary portfolio value on a corresponding date.
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Accused Products
Abstract
A method of financial advising comprises performing, by a computer, a simulation of an investment allocation over a predetermined time period. The computer determines, using the simulation of the investment allocation, a plurality of upper and lower boundary portfolio values. Each upper boundary portfolio value comprises an amount of money calculated to provide a first predetermined likelihood of exceeding a value for a client goal from a present date until a corresponding date. Each lower boundary portfolio value comprise an amount of money calculated to provide a second predetermined likelihood of exceeding the value for the goal from a present date until the corresponding date. The computer determines a plurality of anticipated future portfolio values and an estimated chance that the anticipated future portfolio values will be greater than the upper boundary portfolio value or less than the lower boundary portfolio value on a corresponding date.
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Citations
27 Claims
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1. A method of financial advising comprising:
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performing, by a computer, a simulation of an investment allocation over a predetermined time period using a capital market modeling technique, the simulation accounting for investments and expenditures planned to occur during the predetermined time period; and determining, by the computer, using the simulation of the investment allocation, (1) a plurality of upper boundary portfolio values, each upper boundary portfolio value corresponding to a date in the predetermined time period, each upper boundary portfolio value comprising an amount of money calculated to provide a first predetermined likelihood of exceeding a value for a client goal from a present date until the corresponding date, (2) a plurality of lower boundary portfolio values, each lower boundary portfolio value corresponding to a date in the predetermined time period, each lower boundary portfolio value comprising an amount of money calculated to provide a second predetermined likelihood of exceeding the value for the goal from a present date until the corresponding date, (3) a plurality of anticipated future portfolio values, each anticipated future portfolio value corresponding to a date in the predetermined time period, and (4) an estimated chance that the anticipated future portfolio values will be greater than the upper boundary portfolio value on a corresponding date or be less than the lower boundary portfolio value on a corresponding date. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A computer-readable storage medium having computer-executable instructions that, when executed by a computer, control the computer to implement a method of financial advising comprising:
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performing, by a computer, a simulation of an investment allocation over a predetermined time period using a capital market modeling technique, the simulation accounting for investments and expenditures planned to occur during the predetermined time period; and determining, by the computer, using the simulation of the investment allocation, (1) a plurality of upper boundary portfolio values, each upper boundary portfolio value corresponding to a date in the predetermined time period, each upper boundary portfolio value comprising an amount of money calculated to provide a first predetermined likelihood of exceeding a value for a client goal from a present date until the corresponding date, (2) a plurality of lower boundary portfolio values, each lower boundary portfolio value corresponding to a date in the predetermined time period, each lower boundary portfolio value comprising an amount of money calculated to provide a second predetermined likelihood of exceeding the value for the goal from a present date until the corresponding date, (3) a plurality of anticipated future portfolio values, each anticipated future portfolio value corresponding to a date in the predetermined time period, and (4) an estimated chance that the anticipated future portfolio values will be greater than the upper boundary portfolio value on a corresponding date or be less than the lower boundary portfolio value on a corresponding date. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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19. A device for financial advising comprising:
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a processor configured for performing a simulation of an investment allocation over a predetermined time period using a capital market modeling technique, the simulation accounting for investments and expenditures planned to occur during the predetermined time period; and the processor further configured for determining using the simulation of the investment allocation, (1) a plurality of upper boundary portfolio values, each upper boundary portfolio value corresponding to a date in the predetermined time period, each upper boundary portfolio value comprising an amount of money calculated to provide a first predetermined likelihood of exceeding a value for a client goal from a present date until the corresponding date, (2) a plurality of lower boundary portfolio values, each lower boundary portfolio value corresponding to a date in the predetermined time period, each lower boundary portfolio value comprising an amount of money calculated to provide a second predetermined likelihood of exceeding the value for the goal from a present date until the corresponding date, (3) a plurality of anticipated future portfolio values, each anticipated future portfolio value corresponding to a date in the predetermined time period, and (4) an estimated chance that the anticipated future portfolio values will be greater than the upper boundary portfolio value on a corresponding date or be less than the lower boundary portfolio value on a corresponding date. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26, 27)
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Specification