Financial investment advice system and method

• US 20050027632A1
• Filed: 04/16/2004
• Published: 02/03/2005
• Est. Priority Date: 07/31/2003
• Status: Abandoned Application

• Current Assignee: UBS Financial Services Incorporated (UBS Ag)
• Original Assignee: UBS Financial Services Incorporated (UBS Ag)
• Inventors: Braito, Debra M., Lang, John L., Hsu, Phillip K., Raikundalia, Ruchir B., Malfatto, Frank R., Barron, Thomas S., Zeitoun, Marc C., Jones, Eric T.
• Application Number:
  US10/825,156
• Publication Number:
  US 20050027632A1
• Time in Patent Office: Days
• US Class Current: 705/36.R
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

In accordance with at least one embodiment of the invention, a computer-based system in which a user, e.g., a financial advisor, an investor, or a client of an investment firm, etc., may engage in an interactive dialog with a software-based investment advice system, hereafter referred to as the “Advisor” to receive analysis of present and potential financial investments. Based on information provided by the user, the Advisor may be configured to determine a recommended investment portfolio including investment allocations designed to meet at least one financial goal. A goal refers to a desired target accumulation of assets in connection with an investor'"'"'s investment needs based on information a user has provided.

Claims

1. A system configured to output financial investment advice regarding investments in an investment portfolio associated with a designated goal based, at least, on an investor'"'"'s risk and investment profile data information provided by a user, the system comprising:

a front-end including a plurality of graphical user interfaces configured to receive a user'"'"'s identification of an investor'"'"'s risk and investment profile data; and

a back-end configured to, at the direction of the user via the front-end, identif one or more recommended investments, and an allocation of funds among those investments, based on the investor'"'"'s risk and investment profile, a time horizon and a type of the designated goal.

2. The system of claim 1, wherein the back-end and front-end cooperate to receive data input by the user regarding the investor, analyze the input investor data along with data associated with at least one financial investment marketplace, and identify and output, via the front-end, one or more recommended investments, and the allocation of funds among those investments based on the investor'"'"'s risk and investment profile, time horizon, type of the designated goal and the data associated with the at least one financial investment marketplace.

3. The system of claim 1, wherein the back-end is configured to, at the direction of the user via the front-end, recognize relationships between multiple investors and to determine, and output via the front-end, data indicating recommended potential investments for the investment portfolio associated with the designated goal, the investment portfolio including investments associated with a plurality of investors identified in a relationship.

4. The system of claim 3, wherein the relationship recognized is one of husband-wife, parent-child, grandparent-grandchild, guardian-ward, and business partners.

5. The system of claim 1, wherein the goal is one of education of a child, education of a grand-child, education of a ward, education of one'"'"'s self, building assets for retirement, maintaining assets for current retirement, assuring family income in the event of an untimely occurrence, purchasing a new or second home, building an investment portfolio, and building an emergency fund.

6. The system of claim 1, wherein a warning is generated and output to the user via one or more screens of the front-end if a risk level for a selected investment vehicle is inconsistent with the investor'"'"'s risk and investment profile.

7. The system of claim 1, wherein the back-end calculates a blended rate of return for an investment, including high and low rates of returns, and a standard deviation for an asset or group of assets.

8. The system of claim 1, wherein the back-end generates an investment proposal for a user describing a recommended investment portfolio based on data input by a user via the front-end, the investment proposal being associated with the designated goal.

9. The system of claim 1, wherein the back-end is implemented at least in part as a software application including one or more goals-based calculators, portfolio level reporting algorithms, and portfolio modeling algorithms.

10. The system of claim 1, wherein the front-end includes an Overview screen configured to serve as an entry port to the system and including one or more links to one or more advisory capability screens and one or more navigational icons, excitation of which triggering display of an associated screen or drop-down menu.

13. The system of claim 1, wherein the plurality of graphical user interfaces include an Investor/Goal Manager screen, a Quantify Goal screen, a Profile/Asset Allocation screen, a Portfolio Analytics screen, a Proposal Generation screen and a Recommended Purchases screen.

14. The system of claim 13, wherein the Investor/Goal Manager screen is configured to enable a user to the search and/or create new investor or prospective investor entries, determine the investor'"'"'s preferences, create additional goals, combine accounts under the same goal by forming relationships with other investors or prospective investors, and add outside accounts and associate the outside accounts with the designated goal of the investor.

15. The system of claim 14, wherein the Investor/Goal Manager screen is configured to display data associated with an investor identified by the user as well as any previously created financial goals and an indication of progress toward a goal value once the goal has been quantified.

16. The system of claim 13, wherein the Recommended Purchases screen is configured to review one of a plurality of products including taxable fixed income investments, municipal bond products, mutual funds, and cash/cash equivalents based upon a user selection of a product and an investment amount.

17. The system of claim 13, wherein the Proposal Generation screen is configured to receive input from a user indicating a selection of exhibits to be included with a generated proposal.

18. The system of claim 13, wherein the front-end includes a Portfolio Analytics screen configured to input and output data from and to a user, the data being associated with financial investment reports, which the system generates.

19. The system of claim 18, wherein the back-end is configured to, at the direction of the user received via the Portfolio Analytics screen included in the front-end, generate and output financial investment reports for any combination of investments associated with the designated goal regardless of financial investment product type.

20. The system of claim 19, wherein the reports include at least one of Portfolio Diversification, Realized Gain/Loss, Expected Cash Flow, General Asset Allocation, a Sector Allocation report, a U.S. Fixed Income Maturity report, and a U.S. Fixed Income Credit Quality and Sector Allocation report.

21. The system of claim 1, wherein the back-end includes at least one of an education calculation utility module, a retirement utility module and a saving utility module, each of which has one or more corresponding graphical user interfaces that are displayed by the front-end when the designated investor goal relates to the corresponding utility module.

23. The method of claim 1, further comprising receiving analyzing the input investor data along with data associated with at least one financial investment marketplace, and identifying and outputting, via the front-end, one or more recommended investments, and the allocation of funds among those investments based on the investor'"'"'s risk and investment profile, time horizon, type of the designated goal and the data associated with the at least one financial investment marketplace.

37. The method of claim 23, wherein the plurality of graphical user interfaces includes a Recommended Purchases screen is configured to review one of a plurality of products including taxable fixed income investments, municipal bond products, mutual funds, and cash/cash equivalents based upon a user selection of a product and an investment amount.

38. The method of claim 23, further comprising receiving data input from a user via a Proposal Generation screen, which is included in the plurality of graphical user interfaces, the input data indicating a selection of exhibits to be included with a generated proposal.

39. The method of claim 23, further comprising generating and outputting financial investment reports for any combination of investments associated with the designated goal regardless of financial investment product type based on data received from a user via a Portfolio Analytics screen, which is included in the plurality of graphical user interfaces.

40. The method of claim 39, wherein the reports include at least one of Portfolio Diversification, Realized Gain/Loss, Expected Cash Flow, General Asset Allocation, a Sector Allocation report, a U.S. Fixed Income Maturity report, and a U.S. Fixed Income Credit Quality and Sector Allocation report.

11. The system of 10, wherein one of the navigation icons is a My Next Step icon, excitation of which triggers display of a drop-down menu including navigational options based the actions previously performed by the user in connection with the investor and the designated goal.

12. The system of 11, wherein the system requires that a user must quantify the designated goal prior to creating a risk and investment profile for the designated goal.

22. A method for generating outputting financial investment advice regarding investments in an investment portfolio associated with a designated goal based, at least, on an investor'"'"'s risk and investment profile data information provided by a user, the method comprising:

receiving, via at least one of a plurality of graphical user interfaces, a user'"'"'s identification of an investor'"'"'s risk and investment profile data; and

identifying, at the direction of the user via the at least one graphical user interface, one or more recommended investments, and an allocation of funds among those investments, based on the investor'"'"'s risk and investment profile, a time horizon and a type of the designated goal; and

outputting the identified one or more recommended investments to the user.

24. The method of claim 22, further comprising:

recognizing relationships between multiple investors; and

determining, and outputting data indicating recommended potential investments for the investment portfolio associated with the designated goal, the investment portfolio including investments associated with a plurality of investors identified in a relationship.

25. The method of claim 24, wherein the relationship recognized is one of husband-wife, parent-child, grandparent-grandchild, guardian-ward, and business partners.

26. The method of claim 22, wherein the goal is one of education of a child, education of a grand-child, education of a ward, education of one'"'"'s self, building assets for retirement, maintaining assets for current retirement, assuring family income in the event of an untimely occurrence, purchasing a new or second home, building an investment portfolio, and building an emergency fund.

27. The method of claim 22, further comprising generating and outputting, via one of the plurality of graphical user interfaces, a warning to the user if a risk level for a selected investment vehicle is inconsistent with the investor'"'"'s risk and investment profile.

28. The method of claim 22, wherein the back-end calculates a blended rate of return for an investment, including high and low rates of returns, and a standard deviation for an asset or group of assets.

29. The method of claim 22, wherein the back-end generates an investment proposal for a user describing a recommended investment portfolio based on data input by a user via the front-end, the investment proposal being associated with the designated goal.

30. The method of claim 22, wherein one of the plurality of graphical user interfaces includes an Overview screen including one or more links to one or more advisory capability screens and one or more navigational icons, excitation of which triggering display of an associated screen or drop-down menu.

32. The method of claim 22, further comprising:

based on direction of the user received via at least one of the plurality of graphical user interfaces, quantifying the designated goal; and

creating a risk and investment profile for the designated goal.

33. The method of claim 32, wherein designated goal is quantified before the risk and investment profile is created.

34. The method of claim 32, further comprising:

receiving data from the user via an Investor/Goal Manager screen, which is included in one of the plurality of graphical user interfaces; and

creating a new goal based on the received data and associating that new goal with a particular investor or prospect and one or more financial investments.

35. The method of claim 32, further comprising:

receiving data from the user via an Investor/Goal Manager screen, which is included in one of the plurality of graphical user interfaces; and

searching for an investor or a prospect based on the received data or creating an investor or prospect based on the received data.

36. The method of claim 35, further comprising displaying data associated with an investor identified by the user as well as any previously created financial goals and an indication of progress toward a goal value once the designated goal has been quantified.

31. The method of 30, wherein one of the navigation icons is a My Next Step icon, excitation of which triggers display of a drop-down menu including navigational options based the actions previously performed by the user in connection with the investor and the designated goal.