Method and system for providing interested party access to aggregated accounts information

• US 20030191703A1
• Filed: 02/01/2002
• Published: 10/09/2003
• Est. Priority Date: 02/01/2002
• Status: Abandoned Application

• Current Assignee: UBS Financial Services Incorporated (UBS Ag)
• Original Assignee: UBS PaineWebber, Inc. (UBS Ag)
• Inventors: Jaworowsky, Paula, Arena, Joseph R., Stetter, Kevin M., Chen, Kitty C., Romer, Gregory G., Hung, Bill Ming Doh
• Application Number:
  US10/060,354
• Publication Number:
  US 20030191703A1
• Time in Patent Office: Days
• US Class Current: 705/36.00R
• 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

A system and methods for aggregating data contained in multiple client accounts and reporting the aggregated account information to the client as well as to other interested parties to whom the client has granted access permission. Account information may be obtained from external sources using a network and included in the aggregated client data. In at least one embodiment, the system includes a web server for generating aggregated account data reports from account information maintained in a database and an interested party terminal for receiving aggregated account data reports. The system and methods allow a client to specify various levels of access permission for an interested party, and thereby to control the level of detail accessible by one or more interested parties using the system.

Claims

1. A method for selectively allowing an interested party read-only access to client investment account information, the method comprising:

receiving client account information for at least one investment accounts using a communications network;

aggregating the client account information into an account summary, wherein the account summary includes an indication of a current value of each investment account and the current total value of the combination of all investment accounts;

outputting the account summary to a client terminal in response to a client request;

maintaining a set of client permissioning settings, wherein the client permissioning settings specify a level of read-only access by one or more interested parties to discrete viewable portions of the account summary; and

outputting the discrete viewable portions of the account summary to an interested party terminal via a communications network in response to an interested party access request.

2. The method of claim 1, wherein each of the client permissioning settings is assigned an access level selected from a set of access levels.

3. The method of claim 2, wherein the set of access levels includes four access levels.

4. The method of claim 2, wherein the set of access levels includes a summary level view and an account detail level view report.

5. The method of claim 4, wherein account detail level view report further includes a positions view report.

6. The method of claim 1, further comprising:

receiving investment account identification and access information using a client communications interface; and

updating the client account information to include the investment account identification and access information using an administration desk.

7. A method for allowing a client to specify and control the discrete viewable portions of client account information to which an interested party has read-only access using a terminal, the method comprising:

receiving client account information for at least one investment account using a communications network;

aggregating the client account information into an account summary, wherein the account summary includes an indication of the current value of each investment account and the current total value of the combination of all investment accounts;

maintaining a set of client permissioning settings, wherein the client permissioning settings control a level of read-only access by one or more interested third parties to discrete viewable portions of the account summary;

receiving from a client terminal a client request to modify the client permissioning settings;

modifying the client permissioning settings in response to the client request received from the client terminal;

storing the modified client permissioning settings; and

outputting the discrete viewable portions of the account summary to an interested third party terminal via a communications network in accordance with the modified client permissioning settings in response to an interested party access request.

8. A data aggregation system for selectively allowing an interested party read-only access to client investment account information, comprising:

a web server, wherein the web server includes an interface to at least one communications network and is configured to

(a) receive client account information for at least one investment accounts using a communications network,

(b) aggregate the client account information into an account summary,

(c) generate interactive pages including the account summary,

(d) output the account summary to a client terminal in response to a client request,

(e) maintain a set of client permissioning settings that specify a level of read-only access by one or more interested parties to discrete viewable portions of the account summary,

(f) generate interactive pages including the discrete viewable portions of the account summary, and

(g) output the discrete viewable portions of the account summary to an interested party terminal via a communications network in accordance with the modified client permissioning settings, in response to an interested party access request;

an application server, wherein the application server has an interface to the at least one communications network; and

a database server operably coupled to the web server and the application server, wherein the database server is configured to store and retrieve the client permissioning settings, the client account information, and the account summary.

9. The data aggregation system of claim 8, wherein the interested party terminal is a personal computer configured to request and receive interactive pages.

10. The data aggregation system of claim 8, wherein the interested party terminal is a personal digital assistant configured for requesting and receiving interactive pages.

11. The data aggregation system of claim 8, wherein the client terminal is a wireless terminal configured for requesting and receiving interactive pages.

12. A computer-readable medium upon which is embodied a set of programmed instructions that cause one or more processors to perform a sequence of operations, the operations comprising:

receiving client account information for at least one investment account using a communications network;

aggregating the client account information into an account summary, wherein the account summary includes an indication of the current value of each investment account and the current total value of the combination of all investment accounts;

outputting the account summary to a client terminal in response to a client request;

maintaining a set of client permissioning settings, wherein the client permissioning settings specify a level of read-only access by at least one interested parties to discrete viewable portions of the account summary; and

outputting the discrete viewable portions of the account summary to an interested party terminal via a communications network in response to an interested party access request.