Integrated system for controlling master account and nested subaccount(s)
First Claim
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1. A data processing system for managing a plurality of accounts, wherein each account includes a master account, is held by a first individual, and is directed to particular profile of financial attributes and capabilities, comprising:
- account input means for receiving account transactions from said individual corresponding to account activity inquiries and account asset transfers in a master account;
account processing means for creating and controlling one or more subaccounts associated with said master account, wherein said account processor permits a particular profile of account transactions to be associated with each said subaccount, said profile representing a subset of transaction functions or identifications associated with said master account; and
account reporting means for creating, displaying, or outputting reports corresponding to transactions undertaken for each account on a periodic basis.
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Abstract
Data processing for an improved securities brokerage/cash management system which supervises, implements and coordinates a composite account having a master account and one or more subaccount(s). The nested subaccounts incorporate a subset of features corresponding to the specific needs dictated by the purpose of the subaccount and thus streamline system operation for the recordkeeper.
510 Citations
8 Claims
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1. A data processing system for managing a plurality of accounts, wherein each account includes a master account, is held by a first individual, and is directed to particular profile of financial attributes and capabilities, comprising:
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account input means for receiving account transactions from said individual corresponding to account activity inquiries and account asset transfers in a master account; account processing means for creating and controlling one or more subaccounts associated with said master account, wherein said account processor permits a particular profile of account transactions to be associated with each said subaccount, said profile representing a subset of transaction functions or identifications associated with said master account; and account reporting means for creating, displaying, or outputting reports corresponding to transactions undertaken for each account on a periodic basis. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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Specification