Personalized lifetime financial planning tool

• US 20100161467A1
• Filed: 12/18/2008
• Published: 06/24/2010
• Est. Priority Date: 12/18/2008
• Status: Abandoned Application

• Current Assignee: Wells Fargo Bank NA (Wells Fargo & Company)
• Original Assignee: Wachovia Corporation (Wells Fargo & Company)
• Inventors: Van Cleave, Adrian Paul, Doherty, Kelley A., Ageenko, Ilieva I.
• Application Number:
  US12/316,967
• Publication Number:
  US 20100161467A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A networked computer system comprising a user, a website of a bank or a financial institution, and a computer software tool. The computer software tool is accessible on the website of the bank or the financial institution and provides personalized lifetime financial planning to the user based upon financial information of the user along with a life event and a life stage of the user in an interactive computer generated timeline. The timeline comprises a past event, a present event, a future event, or a combination thereof of the user. The tool provides an automated reminder to the user based upon information of the user present in the timeline. The user may be a customer of the bank or the financial institution.

Claims

1. A networked computer system, the system comprising:

a user,

a website of a bank or a financial institution, and

a computer software tool, wherein the computer software tool is accessible on the website of the bank or the financial institution for providing personalized financial planning to the user based upon financial information of the user along with a life event and a life stage of the user in an interactive timeline.

2. The networked computer system according to claim 1, wherein the user is a customer of the bank or the financial institution.

3. The networked computer system according to claim 1, the system further comprising a computer database for storing personal information, financial information, life events, goals, or a combination thereof, of the user.

4. The networked computer system according to claim 3, wherein the computer database stores a user profile, a business rule, product information, a model, or a combination thereof.

5. The networked computer system according to claim 1, wherein the tool offers a compromise or trade-off to the user for consideration in the financial planning of the user.

6. The networked computer system according to claim 6, wherein one or more life events are associated with the life stage of the user.

7. A networked computer system, the system comprising:

a first user,

a second user,

a website of a bank or a financial institution, and

a computer software tool, wherein the computer software tool is accessible on the website of the bank or the financial institution for providing personalized financial planning to the first user and the second user based upon financial information of the users along with life events and life stages of the users in an interactive composite timeline.

8. The networked computer system according to claim 7, wherein the first user and the second user are members of the same household.

9. The networked computer system according to claim 7, wherein the first user and the second user are family members

10. The networked computer system according to claim 7, wherein the computer software tool offers the user the ability to use the tool for social networking or online interaction with others.

11. The networked computer system according to claim 7, wherein the user is a customer of the bank or the financial institution.

12. The networked computer system according to claim 7, the system further comprising a computer database for storing personal information, financial information, life events, or a combination thereof, of the user.

13. The networked computer system according to claim 12, wherein the computer database stores a user profile, a business rule, product information, a model, or a combination thereof.

14. The networked computer system according to claim 7, wherein the tool offers a compromise or trade-off to the user for consideration in the financial planning of the user.

15. The networked computer system according to claim 7, wherein one or more life events are associated with the life stage of the first user or second user.

16. A web-based online computer tool comprising:

an interactive timeline accessible on the website of a bank or a financial institution generated based upon a life event and a life stage of the user along with financial information of the user to provide personalized lifetime financial planning to the user.

17. The computer tool according to claim 16, wherein the tool provides an automated reminder to the user based upon information of the user present in the timeline.

18. The computer tool according to claim 16, wherein the timeline comprises a past event, a present event, a future event, or a combination thereof of the user.

19. The computer tool according to claim 16, wherein one or more life events are associated with the life stage of the user.

20. A method of using a computer tool, the method comprising:

offering by a bank or a financial institution a web-based online computer tool comprising an interactive timeline accessible on the website of the bank or the financial institution to a user, and

generating by computer the interactive timeline based upon a life event and a life stage of the user along with financial information of the user to provide personalized lifetime financial planning to the user.

21. The method according to claim 20, wherein the user is a customer of the bank or the financial institution.

22. The method according to claim 20, wherein the tool provides an automated reminder to the user based upon information of the user present in the timeline.

23. The method according to claim 20, wherein the timeline comprises a past event, a present event, a future event, or a combination thereof of the user.

24. The method according to claim 20, wherein one or more life events are associated with the life stage of the user.