System for providing investment advice and management of pension

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Patent

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

705 39, G06F 1760

Patent

active

061547328

ABSTRACT:
A system and method for a data processor implemented system monitor for enabling individual employee participants to access independent professional money management for their Benefit Plan assets in a manner that is free from the traditional economic conflicts of interest inherent in previous systems is disclosed. The system and method are adapted to separate the investment management functions and fees thereof from the participant investment advice function and the fees thereof. The system and method collects, monitors and directs information from employee Benefit Plan accounts, employees, employers, fund managers and professional investment advisors to provide professional investment advice in a non conflict of interest manner and in accordance with the regulatory restraints of ERISA.

REFERENCES:
patent: 4742457 (1988-05-01), Leon et al.
patent: 4953085 (1990-08-01), Atkins
patent: 5220500 (1993-06-01), Baird et al.
patent: 5615109 (1997-03-01), Eder
patent: 5774881 (1998-06-01), Friend et al.
patent: 5784696 (1998-07-01), Melnikoff
patent: 5806049 (1998-09-01), Petruzzi
Tim McCollum, "Adding Some Byte to Retirement Plans", Nation's Business, v. 84, n. 8, pp. 52-55, May 1996.
Dialog, Database 16, "Of Mutual Interest: Mutual Fund News From the Vanguard Group", PR Newswire, Nov. 1994.
Rafter, Robert J. "The DOL 401(k) guidelines: How employees can separate information from advice", Compensation & Benefits review, vol. 28, No. 1, pp. 66-72, Feb. 1996.
Rohrer, Julie, "Advise and repent", Institutional Investor, vol. 27, No. 3, pp. 157-164, Mar. 1993.
Walter, Kate, "Make your 401(k) plan appeal to employees", HRMagazine, vol. 41, No. 11, pp. 117(9), Nov. 1996.
Tam Harbert, "The many benefits of going online", Computerworld, vol. 30, no. 32, p. 89, Aug. 5, 1996.
The Vanguard Retirement Planner, version 3.0 for Windows, Retirement Planning Software user's manual, 1995.

LandOfFree

Say what you really think

Search LandOfFree.com for the USA inventors and patents. Rate them and share your experience with other people.

Rating

System for providing investment advice and management of pension 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 providing investment advice and management of pension, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System for providing investment advice and management of pension will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFUS-PAI-O-1735074

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.