Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1999-05-25
2000-01-04
Peeso, Thomas R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 26, 705 27, 705 30, G06F 1700
Patent
active
060120444
ABSTRACT:
A user interface for a financial advisory system is provided. According to one aspect of the present invention, a user may interactively explore how changes in one or more input decisions such as a risk tolerance, a savings level, and a retirement age affect one or more output values such as a probability of achieving a financial goal or an indication of short-term risk. A first and second visual indication are concurrently displayed. The first visual indication includes input mechanisms, such as slider bars, for receiving the input decisions. The second visual indication includes a set of output values that are based upon the input decisions and a recommended set of financial products. After updated values for the input decisions are received via the input mechanisms, a new recommended set of financial products and a new set of output values may be determined based upon the updated values. The second visual indication may then be updated to reflect the new set of output values. According to another aspect of the present invention, a graphical input mechanism for receiving a desired level of investment risk may be calibrated. A set of available financial products, such as a set of mutual funds, and a predefined volatility, such as the volatility of the Market Portfolio are received. The settings associated with the graphical input mechanism are constrained based upon the set of available financial products. Additionally, the calibration of the units of the graphical input mechanism may be expressed as a relationship between the volatility associated with a setting of the graphical input mechanism and the predefined volatility.
REFERENCES:
patent: 3634669 (1972-01-01), Soumas et al.
patent: 3697693 (1972-10-01), Deschenes et al.
patent: 4007355 (1977-02-01), Moreno
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 et al.
patent: 4752877 (1988-06-01), Roberts et al.
patent: 4774663 (1988-09-01), Musmanno et al.
patent: 4868376 (1989-09-01), Lessin et al.
patent: 4876648 (1989-10-01), Lloyd
patent: 4885685 (1989-12-01), Wolfberg et al.
patent: 4910676 (1990-03-01), Alldredge
patent: 4933842 (1990-06-01), Durbin et al.
patent: 4953085 (1990-08-01), Atkins
patent: 4989141 (1991-01-01), Lyons et al.
patent: 5025138 (1991-06-01), Cuervo
patent: 5101353 (1992-03-01), Lupien et al.
patent: 5126936 (1992-06-01), Champion et al.
patent: 5132899 (1992-07-01), Fox
patent: 5148365 (1992-09-01), Dembo
patent: 5220500 (1993-06-01), Baird et al.
patent: 5222019 (1993-06-01), Yoshino et al.
patent: 5227967 (1993-07-01), Bailey
patent: 5237500 (1993-08-01), Perg et al.
patent: 5454104 (1995-09-01), Steidlmayer et al.
patent: 5471575 (1995-11-01), Glansante
patent: 5523942 (1996-06-01), Tyler et al.
patent: 5563783 (1996-10-01), Stolfo et al.
patent: 5590037 (1996-12-01), Ryan et al.
patent: 5592379 (1997-01-01), Finfrock et al.
patent: 5644747 (1997-07-01), Atkins
patent: 5692233 (1997-11-01), Garman
patent: 5784696 (1998-07-01), Melnikoff
patent: 5812987 (1998-09-01), Luskin et al.
patent: 5839804 (1998-11-01), Ho
patent: 5864827 (1999-01-01), Wilson
patent: 5864828 (1999-01-01), Atkins
patent: 5875437 (1999-02-01), Atkins
patent: 5884283 (1999-03-01), Manos
patent: 5884285 (1999-03-01), Atkins
patent: 5884287 (1999-03-01), Edesess
patent: 5907801 (1999-05-01), Albert et al.
patent: 5911135 (1999-06-01), Atkins
patent: 5911136 (1999-06-01), Atkins
patent: 5918217 (1999-06-01), Maggioncalda et al.
patent: 5918218 (1999-06-01), Harris et al.
International Search Report; PCT/US 98/19920.
International Search Report; PCT/US 98/19951.
International Search Report; PCT/US 98/19952.
International Search Report; PCT/US 98/20709.
Nikolopoulos and Fellrath, "A Hybrid Expert System for Investment Advising", IEEE, 1994, pp. 1818-1820.
Eggenschwiler and Gamma, "ET++SwapsManager: Using Object Technology in the Financial Engineering Domain", OOPSLA, 1992, pp. 166-177.
Jensen and King, "Frontier: A graphical interface for portfolio optimization in a piecewise linear-quadratic risk framework", IBM Systems Journal, vol. 31, No. 1, 1992, pp. 62-70.
Schmerken, "Making Risk Analysis Easy As Alpha, Beta", Wall Sreet Computer Review, 1988, vol. 5 #4, pp. 8,10,12.
Malliaris and Salchenberger, Beating the Best: A Neural Network Challenges the Black-.
"1990 Buyer's Guide", Wall Street Computer Review, 1990, 23 pages.
Pantazopoulos et al, "A Knowledge Based System for Evaluation of Option Pricing Algorithms", Computer Science Dept., Purdue University, 1998, pp. 123-140.
Tanaka et al., "Possibility Portfolio Selection", IEEE, 1995, pp. 813-818.
Bellity, "Optimisation Floue Appliquee Au Choix De Portefeuilles", CCF Recherche & Innovation, 1994, 8 pages.
King, "Asymmetric ris measures and tracking models for portfolio optimization under uncertainty", J.C. Baltzer AG, 1993, pp. 165-177.
"InterFace Institutional Software + Data",X Ibbotson Associates, Wall Street Computer Review, 1998, 4 pages.
Edessess, Michael et al. "Scenario forecasting: Necessity, not choice." Journal of Portfolio Management, vol. 6 No. 3, pp. 10-15, Sprg 1980.
"Keeping up with technology: the 1991 software update" Trusts & Estates, pp. 34-67, Jun. 1991.
Keyes, Jessica. "Expert Allocator: Tools for portfolio optimization." Pension Management, pp. 44-46, May 1996.
Paroush, Jacob. "Risk and wealth effects on efficient portfolio." Metroeconomics, vol. 26, No. 1-3, pp. 86-96, 1974.
Voros, J. "Portfolio analysis--an analytic derivation of the efficient portfolio frontier." European Journal of Operations Research, vol. 23, No. 3, pp. 294-300, Mar. 1986.
Science & Technology "A Financial Planner with Nerves of Silicon", Business Week, Oct. 7, 1985, 3 pages.
W.F. Sharpe, "Asset allocation: Management style and performance measurement", The Journal of Portfolio Management, Winter 1992, 14 pages.
Donald R. Woodwell, "Automating Your Financial Portfolio", Second Edition, Dow Jones Iwrin, 1983 and 1986.
BARRA, Inc. "BARRA Provides Combined Style Analysis and Asset Allocation Capabilities", BARRA Portfolio, 1996, 9 pages.
Henry Fersko-Weiss, "Dialing For Profits", Personal Computing, May, 1986, 3 pages.
EnCorr, Ibbotson Associates, 1998, 48 pages.
Software Update, "Funds Allocation System", IBM Corporation, 9 pages.
W.F. Sharpe, G.J. Alexander & J.V. Bailey, "Investments", Fifth Edition, Prentice Hall, 1995, 107 pages.
Information Technology, "Learning about artificial intelligence", Institutional Investor, pp. 209-210.
Net Results, Investment Strategies Network, Inc., 1995, 1996, 1997, 97 pages.
Daniel P. Wiener, "Software Packages For Investors", Fortune, 1987 Investor's Guide, 3 pages.
Lichtman, "Software: The Professional Plan", Lotus, Nov., 1986, 4 pages.
IFPS/Optimum, "The Extended Analysis Language for All Users", Execucom Systems Corporation, 1986, 4 pages.
"Asset allocation--one step at a time", Global Investor, Mar., 1997, 8 pages.
Fine Ken
Jones Christopher L.
Maggioncalda Jeff N.
Sharpe William F.
Tauber Ellen
Financial Engines, Inc.
Peeso Thomas R.
LandOfFree
User interface for a financial advisory system does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with User interface for a financial advisory system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and User interface for a financial advisory system will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-1080377