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Automated coaching for a financial modeling and counseling system

  • US 7,783,545 B2
  • Filed: 10/12/2001
  • Issued: 08/24/2010
  • Est. Priority Date: 11/01/1999
  • Status: Expired due to Fees
First Claim
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1. A computer-readable storage medium having computer-executable instructions to perform a method for providing automated coaching for a financial modeling and counseling system over a network to a user-investor, the method comprising:

  • inputting personal financial data of the user-investor;

    inputting user preferences, the user preferences including risk tolerance;

    inputting user financial goals;

    inputting external financial market data;

    processing the personal financial data, the external financial market data, the user preferences, and the user financial goals using automated rules-based coaching algorithms; and

    outputting to the user-investor in a natural language format;

    (a) automated coaching provided by an automated rules-based analysis, wherein the coaching includes financial advice based on the personal financial data, preferences, and financial goals of the user-investor;

    (b) a proposed product configuration formulated to comply with the user preferences and the user financial goals, wherein the proposed product configuration includes recommended securities for the user-investor to purchase from a larger set of securities;

    (c) a projection of an effect of the proposed product configuration on attaining the user financial goals through statistics presented with contextual language;

    (d) a rationalization of the proposed product configuration compared with the user preferences and financial goals parameters via textual coaching strings;

    (e) an explanation of risk potential based on the proposed product configuration and user risk tolerance parameters; and

    (f) a suggestion of securities to be added to the user-investor'"'"'s portfolio to reduce risk vulnerability and allow the user to refine the proposed product configuration for conformance with the user-investor'"'"'s risk tolerance.

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