SYSTEM AND METHOD OF MANAGING AN INVESTMENT ON BEHALF OF AN INVESTOR

• US 20120203713A1
• Filed: 02/03/2012
• Published: 08/09/2012
• Est. Priority Date: 02/04/2011
• Status: Abandoned Application

• Current Assignee: Discovery Holdings Limited (Prudential PLC)
• Original Assignee: Discovery Holdings Limited (Prudential PLC)
• Inventors: MAYERS, Herschel Phillip, Gore, Adrian, Rabson, Kenneth Steven
• Application Number:
  US13/365,566
• Publication Number:
  US 20120203713A1
• Time in Patent Office: Days
• US Class Current: 705/36.T
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A system for managing an investment on behalf of an investor includes a monitoring module to monitor the performance of an investment over a predetermined period of time. A calculation module calculates an amount of tax owing based on the performance of the investment for the period of time. A payments module effects a payment to the investor wherein the payment is the amount of tax owing or a percentage of the amount of tax owing and wherein the payment is only effected if the investor does not withdraw the investment before the predetermined period of time.

Claims

1. A computer system for managing an investment on behalf of an investor, the system including:

a monitoring module to monitor the performance of an investment over a predetermined period of time;

a calculation module to calculate an amount of tax owing based on the performance of the investment for the period of time; and

a payments module to effect a payment to the investor wherein the payment is the amount of tax owing or a percentage of the amount of tax owing and wherein the payment is only effected if the investor does not withdraw the investment before the predetermined period of time.

2. A computer system according to claim 1 wherein the period of time is 5 years.

3. A computer system according to claim 1 wherein the investment is cash, bonds, stocks, property or an investment fund.

4. A computer system according to claim 1 wherein the monitoring module receives investment data via a communications network.

5. A computer system according to claim 4 wherein the monitoring module receives the investment data from a third party data provider.

6. A computer system according to claim 1 wherein the investment data includes at least some of information as unit prices, fees paid and income generated by the investment.

7. A computer system according to claim 1 wherein the calculation module calculates an amount of tax owing based on the performance of the investment for the period of time.

8. A computer system according to claim 7 wherein the calculation module accesses rules stored in a memory which rules are applied to the investment data to calculate the amount of tax owing.

9. A method for managing an investment on behalf of an investor, the method including:

Monitoring, by a computer, the performance of an investment over a predetermined period of time;

Calculating, by a computer, an amount of tax owing based on the performance of the investment for the period of time; and

Effecting, by a computer, a payment to the investor wherein the payment is the amount of tax owing or a percentage of the amount of tax owing and wherein the payment is only effected if the investor does not withdraw the investment before the predetermined period of time.

10. A method according to claim 9 wherein the period of time is 5 years.

11. A method according to claim 9 wherein the investment is cash, bonds, stocks, property or an investment fund.

12. A method according to claim 9 wherein the monitoring module receives investment data via a communications network.

13. A method according to claim 12 wherein the monitoring module receives the investment data from a third party data provider.

14. A method according to claim 9 wherein the investment data includes at least some of information as unit prices, fees paid and income generated by the investment.

15. A method according to claim 9 wherein the calculation module calculates an amount of tax owing based on the performance of the investment for the period of time.

16. A method according to claim 15 wherein the calculation module accesses rules stored in a memory which rules are applied to the investment data to calculate the amount of tax owing.