Method and system for financial advising

Details Method and system for financial advising Method and system for financial advising

2011-08-02

2011-08-02

Kyle, Charles (Department: 3695)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S035000

Reexamination Certificate

active

07991675

ABSTRACT:
A method of providing financial advice to a client that provides sufficient confidence that their goals will be achieved or exceeded but that avoids excessive sacrifice to the client's current or future lifestyle and avoids investment risk that is not needed to provide sufficient confidence of the goals a client personally values. The method comprises obtaining typical client background information, as well as a list of investment goals, and ideal and acceptable values in dollar amounts and timing for each goal. The client is then asked to provide their preferences for goals on the list compared to other goals in the list. A recommendation is then created using the portfolio value, and the client goal preferences and the ideal and acceptable values of goals, by simulating models of the relevant capital markets.

REFERENCES:
patent: 6799167 (2004-09-01), Gullen et al.
patent: 6907404 (2005-06-01), Li
patent: 7016872 (2006-03-01), Bettis et al.
patent: 7873555 (2011-01-01), Kraemer
patent: 2004/0054610 (2004-03-01), Amstutz et al.
patent: 2004/0267651 (2004-12-01), Jenson et al.
Li. Y., Market Risk Measurement: A Historical Simulation Approach, web printout, undated, 5 pages.
Australian Office Action, Application No. 2004300218 Sep. 18, 2009; 3 pages.
“The Future of Investment Advice,” Presentation by Finance, Inc. to Thomson Financial in Scottsdale, Arizona, Jan. 7, 2002, 50 pages.
“Envision Case Study (Wachovia Securities)—The Claussen,” Presentation by Financeware, Inc. to Baltimore Training Conference, Nov. 13, 2002, 33 pages.
“Programs Getting With The Advisors,” Investment News, Dec. 16, 2002, one page.
“Buckets of Money . . . The Price of ‘Pocket,’” Presentation by Financeware, Inc. to Wachovia Securities Advisors, Oct. 7, 2002, 20 pages.
“Meeting the Vision,” Presentation by Financeware, Inc. to Wachovia Securites Operating Committee, Mar. 26, 2002, 36 pages.
“The Personal Financial Audit,” Draft consumer brochure, Jan. 25, 2000, 2 pages.
“Planning for Success: Advisors, Clients and Wealthcare,” Draft of financial advisor e-mail, Aug. 10, 2002, 3 pages.
“Pension Distribution: Making Sense of the Choices,” Financial advisor e-mail, Oct. 21, 2002, 4 pages.
“Wealthcare Presentation for [client name],” Presentation by Financeware, Inc. regarding Wealthcare advising, Aug. 11, 2002, 15 pages.
“Risk Tolerance Assessment and Client Risk Educaton,” Presentation by Financeware, Inc. at New Orleans FPA Meeting, Jul. 24, 2002, 10 pages.
“Risk Tolerance Assessment and Client Risk Education,” Presentation (Updated Version) by Financeware, Inc. at New Orleans FPA Meeting, Sep. 28-Oct. 1, 2002, 23 pages.
“The Truth About Monte Carlo,” by David B. Loeper, Investment Advisor, Oct. 2002, pp. 70-72.
“A New Process,” Presentation by Financeware, Inc. at FPA conferences and other speaking engagements in 2002 and 2003, 32 pages.
“Modern Portfolio Reality (MPR),” White Paper of Financeware, Inc., Dec. 2000, 5 pages.
“Modern Portfolio Reality—MPR,” Presentation by Financeware, Inc. to NAPFA 2002 Northeast/Mid-Atlantic Regional Conference, Jul. 2002, 31 pages.
“Envision This,” Presentation to Wachovia Securities advisors, Aug. 24, 2002, 30 pages.
“Financeware, Annual Meeting of Shareholders,” Presentation on Nov. 19, 2002, 53 pages.
“Wealthcare Questionaire,” May 24, 2002, 4 pages.
“Living Life on the Flip of a Coin,” Presentation by Financeware, Inc. at San Diego conference, May 12, 2001, 60 pages.
“Industry Strategy Discussion,” Presentation by Financeware, Inc. to Scott & Stringfellow Financial Advisors, Nov. 13, 2002, 38 pages.
“Personal Wealthcare Plan Report,” Sample Report dated Jul. 9, 2002, 24 pages.
“The Future of Investment Advice,” Presentation by Financeware, Inc. to Thomson Financial on Aug. 25, 2002, 34 pages.
“Using Monte Carlo Simulations to Know Your Odds,” Presentation by Financeware, Inc. to FPA Meeting on Dec. 2, 2000, 25 pages.
“Envision Case Study (Wachovia Securities)—The Claussens,” Presentation by Financeware, Inc. for training purposes, Nov. 12, 2002, 33 pages.
“Envision Project Timeline,” Oct. 16, 2002, 2 pages.
Various e-mails and draft advisor e-mail, “Comfort Without Sacrifice or Undue Risk,” from Financeware, Inc. last e-mail from David Loeper to George Chamberlin and Karen Nelson dated Nov. 12, 2002, 8 pages.

Affiliated with

Also associated with

Rating

Method and system for financial advising does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Method and system for financial advising, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method and system for financial advising will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-2621792