METHODS AND SYSTEMS FOR ASSESSING FINANCIAL PERSONALITY
First Claim
Patent Images
1. A computer system comprising:
- one or more servers that;
(a) provide a financial personality assessment questionnaire to a user; and
(b) receive data describing said user'"'"'s responses to one or more questions in said questionnaire; and
one or more processors in communication with said one or more servers that;
(a) based on said data describing said user'"'"'s responses, assess said user'"'"'s investment-related attitudes across a plurality of scales and produce a multi-dimensional financial personality identifier for said user; and
(b) construct a user risk profile for said user derived from said multi-dimensional financial personality identifier.
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Abstract
One or more aspects comprise a computer system comprising one or more servers that: (a) provide a financial personality assessment questionnaire to a user; and (b) receive data describing said user'"'"'s responses to one or more questions in said questionnaire; and one or more processors in communication with said one or more servers that: (a) based on said data describing said user'"'"'s responses, assess said user'"'"'s investment-related attitudes across a plurality of scales and produce a multi-dimensional financial personality identifier for said user; and (b) construct a user risk profile for said user derived from said multi-dimensional financial personality identifier.
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Citations
47 Claims
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1. A computer system comprising:
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one or more servers that; (a) provide a financial personality assessment questionnaire to a user; and (b) receive data describing said user'"'"'s responses to one or more questions in said questionnaire; and one or more processors in communication with said one or more servers that; (a) based on said data describing said user'"'"'s responses, assess said user'"'"'s investment-related attitudes across a plurality of scales and produce a multi-dimensional financial personality identifier for said user; and (b) construct a user risk profile for said user derived from said multi-dimensional financial personality identifier. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A system comprising:
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one or more servers that receive and store data describing responses to a plurality of questionnaire questions related to risk tolerance; and one or more processors that; (a) identify, in said data, one or more personality dimensions related to financial personality, said one or more personality dimensions comprising a risk tolerance dimension; (b) identify a first subset of said plurality of questionnaire questions related to risk tolerance as being associated with said risk tolerance dimension; (c) identify a second subset of said plurality of questionnaire questions, which is a subset of said first subset, and which has a similar predictive power as said first subset; and (d) construct, with said processing system, a questionnaire comprising said second subset of said plurality of questionnaire questions. - View Dependent Claims (17, 33)
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18. A system comprising:
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one or more servers that; receive data describing a user risk tolerance profile value for a user, said user risk tolerance profile derived from a multi-dimensional financial personality identifier; and receive data describing financial circumstances and investment objectives of said user; and one or more processors that; calculate a portfolio risk profile for a current investment portfolio of said user; calculate a target risk profile value for said portfolio, based at least in part on said financial circumstances and investment objectives and on said user risk tolerance profile value derived from said multidimensional financial personality identifier; and construct a portfolio allocation recommendation based on said target risk profile value for said portfolio. - View Dependent Claims (19, 20, 21, 23, 24, 25, 26, 27, 28, 29, 30, 31)
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22. An article of manufacture storing software in a non-transitory computer readable medium, said software configured to direct one or more processors to perform at least the following steps:
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providing a financial personality assessment questionnaire to a user; receiving data describing said user'"'"'s responses to one or more questions in said questionnaire; based on said data describing said user'"'"'s responses, assessing with a processing system said user'"'"'s investment-related attitudes across a plurality of scales and producing a multi-dimensional financial personality identifier for said user; and constructing, with said processing system, a user risk profile for said user derived from said multi-dimensional financial personality identifier; wherein said processing system comprises one or more processors.
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32. An article of manufacture storing software in a non-transitory computer readable medium, said software configured to direct one or more processors to perform at least the following steps:
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receiving and storing data describing responses to a plurality of questionnaire questions related to risk tolerance; identifying, with a processing system, in said data, one or more personality dimensions related to financial personality, said one or more personality dimensions comprising a risk tolerance dimension; identifying a first subset of said plurality of questionnaire questions related to risk tolerance as being associated with said risk tolerance dimension; identifying a second subset of said plurality of questionnaire questions, which is a subset of said first subset, and which has a similar predictive power as said first subset; and constructing, with said processing system, a questionnaire comprising said second subset of said plurality of questionnaire questions.
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34. An article of manufacture storing software in a non-transitory computer readable medium, said software configured to direct one or more processors to perform at least the following steps:
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receiving data describing a user risk tolerance profile value for a user, said user risk tolerance profile derived from a multi-dimensional financial personality identifier; receiving data describing financial circumstances and investment objectives of said user; calculating with a processing system a portfolio risk profile for a current investment portfolio of said user; calculating with said processing system a target risk profile value for said portfolio, based at least in part on said financial circumstances and investment objectives and on said user risk tolerance profile value derived from said multidimensional financial personality identifier; and constructing a portfolio allocation recommendation based on said target risk profile value for said portfolio.
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35. A method comprising:
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providing a financial personality assessment questionnaire to a user; receiving data describing said user'"'"'s responses to one or more questions in said questionnaire; based on said data describing said user'"'"'s responses, assessing with a processing system said user'"'"'s investment-related attitudes across a plurality of scales and producing a multi-dimensional financial personality identifier for said user; and constructing, with said processing system, a user risk profile for said user derived from said multi-dimensional financial personality identifier; wherein said processing system comprises one or more processors. - View Dependent Claims (36, 37, 38, 39, 40, 41, 42, 43, 44)
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45. A method comprising:
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receiving and storing data describing responses to a plurality of questionnaire questions related to risk tolerance; identifying, with a processing system, in said data, one or more personality dimensions related to financial personality, said one or more personality dimensions comprising a risk tolerance dimension; identifying a first subset of said plurality of questionnaire questions related to risk tolerance as being associated with said risk tolerance dimension; identifying a second subset of said plurality of questionnaire questions, which is a subset of said first subset, and which has a similar predictive power as said first subset; and constructing, with said processing system, a questionnaire comprising said second subset of said plurality of questionnaire questions; wherein said processing system comprises one or more processors. - View Dependent Claims (46)
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47. A method comprising:
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receiving data describing a user risk tolerance profile value for a user, said user risk tolerance profile derived from a multi-dimensional financial personality identifier; receiving data describing financial circumstances and investment objectives of said user; calculating with a processing system a portfolio risk profile for a current investment portfolio of said user; calculating with said processing system a target risk profile value for said portfolio, based at least in part on said financial circumstances and investment objectives and on said user risk tolerance profile value derived from said multidimensional financial personality identifier; and constructing a portfolio allocation recommendation based on said target risk profile value for said portfolio; wherein said processing system comprises one or more processors.
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Specification