Portfolio rebalancing system

• US 7,174,313 B1
• Filed: 03/04/1999
• Issued: 02/06/2007
• Est. Priority Date: 03/04/1999
• Status: Expired due to Term

• Current Assignee: Bank of America Corp.
• Original Assignee: Merrill Lynch Pierce Fenner & Smith Incorporated (Bank of America Corp.)
• Inventors: Martinez, Edmund
• Primary Examiner(s): Millin, Vincent
• Assistant Examiner(s): Akintola, Olabode
• Application Number:
  US09/262,716
• Time in Patent Office: 2,896 Days
• Field of Search: 705/36, 705/35, 705/36.R, 705 37- 40
• US Class Current: 705/36.00R
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Described herein is method of managing an investment portfolio having a plurality of investment funds, said managing method comprising establishing an allocation of assets among said investment funds and rebalancing said investment funds substantially back to said allocation on a periodic basis. Also described is a method wherein the rebalancing back to the allocation is initiated in response to a transaction, such as a withdrawal loan issue, or change in allocation, in one or more of the funds.

Claims

1. A computer-executable method of managing an investment portfolio that includes a plurality of funds, said managing method comprising:

establishing an original allocation of assets among said funds; and

rebalancing said funds substantially back to said original allocation on a non-periodic basis,

wherein at least one of fund buys and fund sells are aggregated so as to effect said rebalancing.

2. The method of claim 1 further comprising:

rebalancing said funds substantially back to said allocation in response to a transaction in one or more said funds.

3. The method of claim 2 wherein said transaction is a withdrawal or loan issue.

4. The method of claim 2 wherein said transaction is a change in said allocation.

5. The method of claim 1 wherein said funds are further subdivided into one or more fund/sources.

6. The method of claim 1 wherein at least one of fund buys and fund sells for a specified fund are aggregated to generate a consolidated trading order.

7. The method of claim 1 wherein trading executed to effect said rebalancing is implemented under a Late-Day Trading Agreement.

8. The method of claim 1 wherein said funds are mirrors of funds not within said managing method.