Method and system for exchange of financial investment advice
First Claim
1. A system for providing investment advice to investors over a computer network, comprising:
- means for receiving a plurality of investment strategies from a plurality of investment advisors, each of the investment strategies being updated periodically and including a plurality of trade recommendations, wherein each of the trade recommendations specifies a financial instrument and terms necessary for trading the financial instrument in a respective financial market;
means for subscribing to the investment strategies;
means for entering one or more investor-defined management weights by way of the computer network;
means for applying the investor-defined management weights to the investment strategies thereby generating a weighted portfolio of trade recommendations, the management weights defining the percentage of investor portfolio funds available for investing in the investment strategies;
means for delivering the weighted portfolio of trade recommendations to the investor over the computer network during a trade recommendation distribution period;
means for accepting, rejecting or modifying each of the trade recommendations of the weighted portfolio of trade recommendations by the investor, through the computer network, thereby producing a sequence of customized trade recommendations;
means for entering, by way of the computer network, one or more investor trades based on an investor-defined strategy, each of the investor trades specifying a financial instrument and terms necessary for trading the financial instrument in a respective financial market; and
means for submitting the sequence of customized trade recommendations and the investor trades to a separate investor brokerage account for execution.
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Accused Products
Abstract
A method and system for distributing professional investment advice to investors is provided. A computerized exchange system permits one or more advisors to make investment strategies available to subscribing investors. Each strategy defines a sequence of trade transactions that are consistent with strategy parameters and are designed to achieve the risk and return objectives of the strategy. The strategies are distributed to subscribers who can undertake the recommended transactions using separate brokerage accounts. A subscriber can maintain a corresponding portfolio that assigns weighting factors to various strategies in order to provide a customized investment strategy. Accordingly, the exchange system can provide professional fund manager trading decisions to individual investors in near real time without the administrative burdens or costs associated with traditional mutual funds.
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Citations
17 Claims
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1. A system for providing investment advice to investors over a computer network, comprising:
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means for receiving a plurality of investment strategies from a plurality of investment advisors, each of the investment strategies being updated periodically and including a plurality of trade recommendations, wherein each of the trade recommendations specifies a financial instrument and terms necessary for trading the financial instrument in a respective financial market; means for subscribing to the investment strategies; means for entering one or more investor-defined management weights by way of the computer network; means for applying the investor-defined management weights to the investment strategies thereby generating a weighted portfolio of trade recommendations, the management weights defining the percentage of investor portfolio funds available for investing in the investment strategies; means for delivering the weighted portfolio of trade recommendations to the investor over the computer network during a trade recommendation distribution period; means for accepting, rejecting or modifying each of the trade recommendations of the weighted portfolio of trade recommendations by the investor, through the computer network, thereby producing a sequence of customized trade recommendations; means for entering, by way of the computer network, one or more investor trades based on an investor-defined strategy, each of the investor trades specifying a financial instrument and terms necessary for trading the financial instrument in a respective financial market; and means for submitting the sequence of customized trade recommendations and the investor trades to a separate investor brokerage account for execution. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method of providing investment advice to an investor, comprising:
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receiving over a computer network a plurality of investment strategies from a plurality of investment advisors, each of the investment strategies being updated periodically and including a plurality of trade recommendations, wherein each of the trade recommendations specifies a financial instrument and terms necessary for trading the financial instrument in a respective financial market; maintaining a subscription to the investment strategies for the investor using a strategy client database; receiving from the investor, by way of the computer network, one or more investor-defined management weights, the management weights defining a percentage of investor portfolio funds available for investing in each of the investment strategies; generating a weighted portfolio of trade recommendations by applying the investor-defined management weights to the investment strategies; delivering the weighted portfolio of trade recommendations to the investor over the computer network during a trade recommendation distribution period; selecting a subset of trade recommendations from the weighted portfolio of trade recommendations based on a risk measure sing an investor-accessible search utility; receiving from the investor, through the computer network, an acceptance, rejection, or modification of each of the trade recommendations included in the subset of trade recommendations; producing a sequence of customized trade recommendation based on the received investor acceptance, rejection, or modification of each of the trade recommendations included in the subset of trade recommendations; receiving from the investor, by way of the computer network, one or more investor trades based on an investor-defined strategy, each of the investor trades specifying a financial instrument and terms necessary for trading the financial instrument in a respective financial market; and submitting the sequence of customized trade recommendations and the investor trades to a separate investor brokerage account for execution. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16, 17)
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Specification