Net worth analysis tools

• US 9,665,908 B1
• Filed: 02/28/2011
• Issued: 05/30/2017
• Est. Priority Date: 02/28/2011
• Status: Active Grant

• Current Assignee: The PNC Financial Services Group, Inc.
• Original Assignee: The PNC Financial Services Group, Inc.
• Inventors: Farkas, David, Kunz, Thomas S., Rettger, Erik, Earle, Christina Payne, Wang, Dennis Y.
• Primary Examiner(s): Fibbi, Christopher J
• Application Number:
  US13/037,096
• Time in Patent Office: 2,283 Days
• Field of Search: 715769, 705 35
• CPC Class Codes: G06F 3/04847 Interaction techniques to control parameter settings, e.g. interaction with sliders or dials
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Enhanced processes, methods, tools, strategies, and techniques are provided for more effectively and efficiently processing, managing, analyzing, and communicating wealth related data and other financial information within a computing environment. In various embodiments, the analysis tools provided herein have been designed to correspond visually with a mental model employed by many clients in managing their wealth.

Claims

1. A computer-implemented analysis method comprising:

receiving, with a computer processor controlled by a financial institution, data indicative of a user-initiated selection of a grouping of one or more asset objects and data indicative of a user-initiated selection of a grouping of one or more liability objects selected in association with multiple assets and liabilities;

wherein at least one of the assets in the grouping of assets includes a non-monetary asset;

wherein at least one of the assets in the grouping of assets includes an account that is owned by a user and held within the financial institution;

receiving a selection from a user to include an asset object in the grouping of asset objects;

wherein receiving the selection from the user includes a click-drag-drop manipulation for including the asset object;

wherein receiving the selection from the user includes a click-drag-drop manipulation for excluding the asset object;

generating, with the computer processor, a net worth calculation based on at least the user-initiated grouping of assets and the user-initiated grouping of liabilities;

displaying, with the computer processor, the net worth calculation;

displaying an illustration of a performance for a time period of at least one of the assets in the grouping of assets; and

displaying a benchmark index associated with the at least one of the assets in the grouping of assets for comparing the performance of the at least one of the assets to the benchmark index;

wherein the illustration of the performance of the at least one of the assets in the grouping of assets comprises a plurality of graphs, wherein the plurality of graphs comprises at least a first graph showing values of the at least one asset, a second graph showing the benchmark index associated with the at least one asset, and a third graph showing an allocation of the at least one asset; and

wherein at least the third graph is programmed to display at least one set of nested concentric rings, wherein each nested concentric ring is programmed to display information about the at least one asset, wherein at least a portion of the third graph is programmed to change appearance if the asset allocation deviates from a predetermined level;

wherein the click-drag-drop manipulation for including the asset object and the click-drag-drop manipulation for excluding the asset object, when used to include or exclude asset objects, causes calculations performed and visuals displayed by the net worth calculation, the illustration of the performance for the time period, and the benchmark index to be adjusted and revised.

2. The method of claim 1, wherein the asset object is an account that is owned by a user and that is external to the financial institution.

3. The method of claim 1, wherein the illustration of the performance of the at least one of the assets in the grouping of assets comprises at least one of a starting value for the at least one asset, a contribution made to the at least one asset, a withdrawal made from the at least one asset, income realized by the at least one asset, and gains or losses experienced by the at least one asset.

4. The method of claim 3, wherein receiving the selection from the user includes a click-drag-drop manipulation for including the liability object.

5. The method of claim 1, wherein the time period for the illustration of the performance for the at least one of the assets in the grouping of assets is user-selected and is at least one of month-to-date, year-to-date, one-year performance, three-year performance, and five-year performance.

6. The method of claim 5, wherein receiving the selection from the user includes a click-drag-drop manipulation for excluding the liability object.

7. The method of claim 1, further comprising receiving data associated with creation of an account representing a non-monetary asset and excluding the created account from the grouping of assets.

8. The method of claim 1, further comprising receiving data associated with creation of an account representing a future liability and including the created account in the grouping of liabilities.

9. The method of claim 1, wherein the asset objects and the liability objects have an option box that is checked by a user if the user wants the asset/liability object to be included in the new worth calculation.

10. The method of claim 1, wherein the asset objects and the liability objects are controlled by the financial institution.

11. The method of claim 1, further comprising providing a graphical representation of net worth as calculated based on the user-selected grouping of assets and liabilities.

12. A computer system for calculating net worth, the system comprising:

a computer processor controlled by a financial institution that is programmed for;

receiving data indicative of a user-initiated selection of a grouping of one or more asset objects and data indicative of a user-initiated selection of a grouping of one or more liability objects selected in association with multiple assets and liabilities;

wherein at least one of the assets in the grouping of assets includes a non-monetary asset;

wherein at least one of the assets in the grouping of assets includes an account that is owned by a user and held within the financial institution;

receiving a selection from a user to include an asset object in the grouping of asset objects;

wherein receiving the selection from the user includes a click-drag-drop manipulation for including the asset object;

wherein receiving the selection from the user includes a click-drag-drop manipulation for excluding the asset object;

generating a net worth calculation based on at least the user-initiated grouping of assets and the user-initiated grouping of liabilities;

displaying the net worth calculation;

displaying an illustration of a performance for a time period of at least one of the assets in the grouping of assets; and

displaying a benchmark index associated with the at least one of the assets in the grouping of assets for comparing the performance of the at least one of the assets to the benchmark index;

wherein the illustration of the performance of the at least one of the assets in the grouping of assets comprises a plurality of graphs, wherein the plurality of graphs comprises at least a first graph showing values of the at least one asset, a second graph showing the benchmark index associated with the at least one asset, and a third graph showing an allocation of the at least one asset; and

wherein at least the third graph is programmed to display at least one set of nested concentric rings, wherein each nested concentric ring is programmed to display information about the at least one asset, wherein at least a portion of the third graph is programmed to change appearance if the asset allocation deviates from a predetermined level;

wherein the click-drag-drop manipulation for including the asset object and the click-drag-drop manipulation for excluding the asset object, when used to include or exclude asset objects, causes calculations performed and visuals displayed by the net worth calculation, the illustration of the performance for the time period, and the benchmark index to be adjusted and revised.

13. The system of claim 12, wherein the asset object is an account that is owned by a user and that is external to the financial institution.

14. The system of claim 12, wherein the asset objects and the liability objects have an option box that is checked by a user if the user wants the asset/liability object to be included in the new worth calculation.

15. The system of claim 12, wherein the asset objects and the liability objects are controlled by the financial institution.

16. The system of claim 12, wherein the illustration of the performance of the at least one of the assets in the grouping of assets comprises at least one of a starting value for the at least one asset, a contribution made to the at least one asset, a withdrawal made from the at least one asset, income realized by the at least one asset, and gains or losses experienced by the at least one asset.