System and method for automating investment planning
First Claim
1. A computerized process for automating investment planning for a client comprising:
- (a) inputting into a computer data regarding the client'"'"'s current asset portfolio, including the taxable status of each asset;
(b) inputting into a computer data regarding the client'"'"'s desired asset allocation;
(c) inputting into a computer data regarding the client'"'"'s preferred domain;
(d) using the data in steps (a)–
(c) to automatically generate financial transaction recommendations for modifying the client'"'"'s current asset portfolio to reach as close as possible to the desired asset allocation and the preferred domain, the recommendations including specific recommendations for selling amounts of selected current assets and specific recommendations for buying amounts of one or more investment funds; and
(e) displaying the recommendations on a summary report for review by the client or the client'"'"'s financial manager.
1 Assignment
0 Petitions
Accused Products
Abstract
A computerized scheme automates investment planning for a client. In the scheme, data regarding the client'"'"'s desired asset allocation, current asset portfolio and preferred domain are input into a computer or processor. This data are used to automatically generate financial transaction recommendations for modifying the client'"'"'s current asset portfolio to reach as close as possible to the desired asset allocation and the preferred domain. The recommendations include specific recommendations for selling amounts of selected current assets and specific recommendations for buying amounts of one or more investment funds. The recommendations are displayed on a summary report for review by the client or the client'"'"'s financial manager, or the recommendations are electronically communicated to a trade execution computer which automatically performs the necessary transactions to execute the buy/sell recommendations. The recommendations are selected in a manner which minimizes the tax impacts and transaction costs of potential sell transactions.
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Citations
62 Claims
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1. A computerized process for automating investment planning for a client comprising:
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(a) inputting into a computer data regarding the client'"'"'s current asset portfolio, including the taxable status of each asset; (b) inputting into a computer data regarding the client'"'"'s desired asset allocation; (c) inputting into a computer data regarding the client'"'"'s preferred domain; (d) using the data in steps (a)–
(c) to automatically generate financial transaction recommendations for modifying the client'"'"'s current asset portfolio to reach as close as possible to the desired asset allocation and the preferred domain, the recommendations including specific recommendations for selling amounts of selected current assets and specific recommendations for buying amounts of one or more investment funds; and(e) displaying the recommendations on a summary report for review by the client or the client'"'"'s financial manager. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 59)
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15. A computerized process for automating and executing investment planning for a client comprising:
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(a) inputting into a computer data regarding the client'"'"'s current asset portfolio, including the taxable status of each asset; (b) inputting into a computer data regarding the client'"'"'s desired asset allocation; (c) inputting into a computer data regarding the client'"'"'s preferred domain; (d) using the data in steps (a)–
(c) to automatically generate financial transaction recommendations for modifying the client'"'"'s current asset portfolio to reach as close as possible to the desired asset allocation and the preferred domain, the recommendations including specific recommendations for selling amounts of selected current assets and specific recommendations for buying amounts of one or more investment funds; and(e) selling amounts of selected current assets or buying amounts of one or more investment funds in accordance with the specific recommendations. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 60)
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30. A computer program product including at least one computer readable medium having computer program logic recorded thereon for automating investment planning for a client, the at least one computer readable medium comprising:
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(a) means for inputting into a computer data regarding the client'"'"'s current asset portfolio, including the taxable status of each asset; (b) means for inputting into a computer data regarding the client'"'"'s desired asset allocation; (c) means for inputting into a computer data regarding the client'"'"'s preferred domain; (d) means for automatically generating financial transaction recommendations using the data in (a)–
(c) for modifying the client'"'"'s current asset portfolio to reach as close as possible to the desired asset allocation and the preferred domain, the recommendations including specific recommendations for selling amounts of selected current assets and specific recommendations for buying amounts of one or more investment funds; and(e) means for displaying the recommendations on a summary report for review by the client or the client'"'"'s financial manager. - View Dependent Claims (31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 61)
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44. A computer program product including at least one computer readable medium having computer program logic recorded thereon for automating investment planning for a client, the at least one computer readable medium comprising:
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(a) means for inputting into a computer data regarding the client'"'"'s current asset portfolio, including the taxable status of each asset; (b) means for inputting into a computer data regarding the client'"'"'s desired asset allocation; (c) means for inputting into a computer data regarding the client'"'"'s preferred domain; (d) means for automatically generating financial transaction recommendations using the data in (a)–
(c) for modifying the client'"'"'s current asset portfolio to reach as close as possible to the desired asset allocation and the preferred domain, the recommendations including specific recommendations for selling amounts of selected current assets and specific recommendations for buying amounts of one or more investment funds; and(e) means for selling amounts of selected current assets or buying amounts of one or more investment funds in accordance with the specific recommendations. - View Dependent Claims (45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 62)
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Specification