System and Method for Providing Financial services to High Net Worth Individuals

• US 20080114704A1
• Filed: 11/13/2007
• Published: 05/15/2008
• Est. Priority Date: 03/08/2000
• Status: Abandoned Application

• Current Assignee: Stephen W. Komiskey
• Original Assignee: Stephen W. Komiskey
• Inventors: Meyers, Timothy H., Comiskey, Stephen W.
• Application Number:
  US11/939,110
• Publication Number:
  US 20080114704A1
• Time in Patent Office: Days
• US Class Current: 705/36R
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/10 Tax strategies

Abstract

A system and method for providing financial and other services to high net worth individuals is described. A significant feature is the method for selecting and managing a comprehensive set of service providers for optimal efficiency and effectiveness. The associated system provides a depository for client data, and enhances communication between client, client data, and service providers.

Claims

1. A method for providing services, comprising:

(a) collecting information from a client;

(b) assessing the client'"'"'s needs; and

(c) fulfilling the client'"'"'s needs according to criteria generated during step (b) of assessing, by optimally selecting and providing services from a modifiable group of service providers.

2. The method of claim 1, wherein the step (a) of collecting is performed by a dedicated client services team.

3. The method of claim 1, wherein the step (b) of assessing is performed by a dedicated client services team.

4. The method of claim 1, wherein the step (c) of fulfilling comprises maintaining custody over documents and data.

5. The method of claim 1, wherein the step (c) of fulfilling comprises filing of financial or other reports as required by law or by other considerations.

6. The method of claim 5, wherein the reports comprise filings related to multiple assets.

7. The method of claim 5, Wherein the, reports comprise;

filings related to multiple institutions.

8. The method of claim 1, wherein the step (c) of fulfilling comprises rendering of tax advice and filing of federal, state, and local tax statements, as appropriate.

9. The method of claim 1, wherein the step (c) of fulfilling comprises estate planning and related transactions.

10. The method of claim 1, wherein the step (c) of fulfilling comprises general or specialized legal services.

11. The method of claim 1, wherein the step (c) of fulfilling comprises accounting services.

12. The method of claim 1, wherein the step (c) of fulfilling comprises bookkeeping services.

13. The method of claim 1, wherein the step (c) of fulfilling comprises record keeping.

14. The method of claim 1, wherein the step (c) of fulfilling comprises selection of financial investments.

15. The method of claim 1, wherein the step (c) of fulfilling comprises managing financial assets within a portfolio.

16. The method of claim 1, wherein the step (c) of fulfilling comprised management and other services related closely held stock.

17. The method of claim 1, wherein the seep (c) of fulfilling comprises services related to international trusts.

18. The method of claim 1, wherein the step (c) of fulfilling comprises real estate services.

19. The method of claim 1, wherein the step (c) of fulfilling comprises public relations or other crisis management services.

20. The method of claim 1, wherein the step (c) of fulfilling;

comprises selection and delivery of insurance services.

21. The method of claim 1, wherein the step (c) pf fulfilling comprises services related to the selection and delivery of physical, personal, and information security.

22. The method of claim 1, wherein the step (c) of fulfilling comprises assistance with the lease, purchase, or fractional ownership of automobiles, planes, of yachts.

23. The method of claim 1, wherein the step (c) of fulfilling comprises personal concierge services.

24. The method of claim 1, wherein the step:

(c) of fulfilling comprises bill paving services.

25. The method of claim 1, wherein the step (c) of fulfilling comprises coordination and direction of charitable activities.

26. The method of claim 1, wherein the step (c) of fulfilling comprises the performance of background checks on personal staff or other parties.;

27. The method of claim 1, wherein the step (c) of fulfilling comprises the offering of investment not available to -non-clients.

28. The method of claim 1, wherein the step (c) of fulfilling comprises the development and execution of debt reduction strategies.

29. The method of claim 1, wherein the step (c) of fulfilling comprises advice, and other services, related to the development and maintenance of educational funds.

30. The method of claim 1, wherein the step (c) of fulfilling comprises advice, and other services, related to the care of infants, invalids, the elderly, of other persons.

31. The method of claim 1, wherein the step (c) of fulfilling comprises a core services provider group.

32. The method of claim 1, wherein the step (c) of fulfilling comprises business succession planning.

33. The method of claim 1, wherein the step (c) of fulfilling comprises issuance of loans, traveler'"'"'s checks, foreign currency, credit, or other banking services.

34. The method of claim 1, wherein the step (c) of fulfilling comprises an affiliated network of service providers.

35. The method of claim 1, wherein the step (c) of fulfilling comprises a group of non-affiliated service providers.

36. The method of claim 1, wherein a core service provider group is one of several pre-established groups of service providers.

37. The method of claim 1, wherein an affiliated network of service providers is one of several pre-established groups of service providers.

38. The method of claim 1, wherein non-affiliated service providers are one of several pre-established groups of service providers.

39. A system for providing services, comprising :

a depository of client information;

means for obtaining access to the client information;

means for coordinating services amongst all related service providers;

means for communicating between and amongst service providers and the client; and

means for performing analysis related to selectable objectives.

40. The system of claim 39, wherein the depository comprises an electronic database,

41. The system of claim 39, wherein the depository comprises an electronic spreadsheet.

42. The system of claim 39, wherein the depository Comprises electronic documents.

43. The system of claim 39, wherein the means for obtaining comprises a computer server.

44. The system of claim 39, wherein the means for obtaining apparatus comprises a communications link.

45. The system Of claim 39, wherein the means for obtaining apparatus comprises a client 5 computer.

46. The system of claim 39, wherein the means for obtaining apparatus comprises network enabled code.

47. The system of claim 39, wherein the means for coordinating apparatus comprises a computer server.

48. The system of claim 39, wherein the means for coordinating apparatus comprises a communications link.

49. The system of claim 39, wherein the means for coordinating apparatus comprises a client computer.

50. The system of claim 39, wherein the means for coordinating apparatus comprises network enabled code.

51. The system of claim 39, wherein the means for communicating apparatus comprises a computer server.

52. The system of claim 39, wherein the means for communicating apparatus comprises a communications link.

53. The system of claim 39, wherein the means for communicating apparatus comprises a client computer.

54. The system of claim 39, wherein the means for communicating apparatus comprises network enabled code.

55. The system of claim 39, wherein the means for analysis comprises a tool for mining data.

56. The system of claim 39 wherein the means for analysis comprises a synthetic logic tool.

57. The system of claim 56, wherein the synthetic logic tool converts data into useful information related to established objectives.