Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1991-04-16
1999-06-08
Hayes, Gail O.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 35, 705 37, 705 38, G06F 1760
Patent
active
059111356
ABSTRACT:
A personal financial management program is disclosed for implementing, coordinating, supervising, analyzing and reporting upon investments in an array of asset accounts and credit facilities within a client account. Through a mathematical programming function the client specifies his financial objectives, his risk preference, forecast of economic and financial variables, and budgetary constraints. The mathematical programming function suggests to the client a portfolio of investment and credit facilities to best realize his financial objectives over a defined time horizon. In the preferred embodiment the central structural element of the financial account is a mortgage secured by the client's home and one or more asset accounts. Client funds that would normally be used to amortize the mortgage may be alternatively used to increase the value of a designated asset account. The client account is imbalanced if the client's borrowing power is less than the minimum borrowing power specified by the financial institution. If the account is imbalanced, the client may reallocate the distribution of assets and liabilities within the client account and/or modify a set of constraints on the client account. If the client account is still not balanced after modification of the account, the system initiates a liquidation procedure.
REFERENCES:
patent: 3634669 (1972-01-01), Soumas
patent: 3697693 (1972-10-01), Deschenes et al.
patent: 4334270 (1982-06-01), Towers
patent: 4346442 (1982-08-01), Musmanno
patent: 4376978 (1983-03-01), Musmanno
patent: 4597046 (1986-06-01), Musmanno et al.
patent: 4642767 (1987-02-01), Lerner
patent: 4722055 (1988-01-01), Roberts
patent: 4742457 (1988-05-01), Leon
patent: 4752877 (1988-06-01), Roberts
patent: 4774663 (1988-09-01), Musmanno
patent: 4953085 (1990-08-01), Atkins
Woodwell, Donald R., Automating Your Financial Portfolio, (Dow-Jones-Irwin 1983).
Bierman, Harold; Bonini, Charles P.; Hausman, Warren H., Quantitative Analysis for Business Decisions, (Irwin, Inc. 1977), Chapters 10,12,24.
"Funds Allocation System", Software Update, International Business Machines Corporation, 1985.
"Analysis Extension", Execucom Systems Corporation, 1986.
"Dialing for Profits", Personal Computing, May 1986 p. 180.
"A Financial Planner With Nerves of Silicon", Business Week, Oct. 2, 1985, p. 108.
"Learning About Artificial Intelligence", Institutional Investor, Jul. 1986, p. 209.
"What the Taxman Giveth, the Taxman Taketh Away", Financial Times, Mar. 12, 1984, p. 10.
"A Home Found for Your Money", Financial Times, Feb. 1, 1986, p. XI.
"Well Endowed? Don't Believe It", Financial Times, Jun. 29, 1985, p. VIII.
Fleet Norstar Financial Group, "Westminster Account" brochure.
Fayetle Hickox, Learning about artificial intelligence, Jul. 1986; pp. 209-210.
IBM, "Fund allocation system" Dec. 1985.
Daniel Wiener, "Software packages for investors" 1987, pp. 185-188.
Introduction to Automated Data Processing; Wanous S.J.; Wagner Gerald E.; Hallam, Stephen F.; 1979 pp. 88-93.
Hayes Gail O.
Hughet William N.
Proprietary Financial Products, Inc.
LandOfFree
System for managing financial accounts by a priority allocation does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with System for managing financial accounts by a priority allocation , we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System for managing financial accounts by a priority allocation will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-1688777