S.E.C. registered individual account investment advisor expert system

Claim 2

A computer implemented interactive investment management expert system comprising: hub computer processing means for providing economic environment data and for updating data concerning a plurality of securities to reflect their current market value; base station processing means including: means for generating an individualized asset allocation model for an individualized portfolio for an individual account holder from responses to a questionnaire, means for correlating a risk ranking to the responses to the questionnaire and assigning the risk ranking to the individualized portfolio, means for evaluating suitability of account holdings for the individualized portfolio with respect to changes in the market value of the plurality of securities, a current value of the portfolio holdings, and the identified economic environment data, means for generating and storing at least one of a buy recommendation and a sell recommendation of specific ones of the securities for the individualized portfolio based on the evaluation, means for the individual account holder to select a specified broker, and means for coupling the base station processing means to a plurality of brokers including the specified broker, and remote access means for accessing the base station processing means, for reviewing any buy recommendation and sell recommendation for the individualized account, and for transmitting one of a respective purchase request and a respective sale request to the base station processing means, wherein the base station processing means further comprises means for transmitting one of the respective purchase request and the respective sale request to the specified broker.

Claim 3

The interactive investment management expert system as recited in claim 1, wherein the asset allocation model includes at least one asset class where the asset class includes at least one corresponding one of the securities.

Claim 4

The interactive investment management expert system as recited in claim 1, wherein the base station processing means further includes means for conducting a fundamental analysis to recommend certain ones of the securities, by conducting a technical analysis of the recommended securities, and by conducting a risk/return evaluation with respect to the portfolio holdings and the recommended securities to determine if security transactions to be recommended improve the risk/return ratio for the individualized portfolio.

Claim 5

The interactive investment management expert system as recited in claim 1, wherein the base station processing means further includes means for accessing the hub computer processing means to retrieve the identified economic environment data and the updated market value data for the securities and for generating a modified individualized asset allocation model by adjusting the asset allocation model based upon the identified economic environment data and the updated market value data of the securities.

Claim 6

The interactive investment management expert system as recited in claim 4, wherein: the base station processing means further includes: means for comparing the asset allocation model to the modified asset allocation model to determine whether: (1) first particular ones of the securities are suitable for the individualized portfolio; and (2) second particular ones of the securities in the individualized portfolio should be sold; means for retrieving the stored buy recommendation indicating the first particular ones of the securities; means for conducting a risk/return evaluation of the first and second particular securities for the individualized portfolio corresponding to the asset allocation model, means for generating a risk/return ratio output value indicating one of an improved risk/return ratio and not improved risk/return ratio for each of the first and second securities; means for generating a recommended buy order for any of the first particular securities having an improved risk/return ratio for the asset allocation model; and means for generating a sell order for any of the second particular securities which are determined to be not suitable in the individualized portfolio and should be sold.

Claim 7

The interactive investment management expert system as recited in claim 1, wherein the base station processing means includes means for establishing a link between the remote access means and the base station at conventional and unconventional transacting times of a day.

Claim 8

The interactive investment management expert system as recited in claim 1, wherein the base station processing means further includes means for automatically generating an automatic purchase request and sale request corresponding to the buy recommendation and the sell recommendation, respectively.

Claim 9

The interactive investment management expert system as recited in claim 1, wherein the base station processing means also includes means for recording sale and purchase transactions resulting from the respective purchase request and sale request.

Claim 10

The interactive investment management expert system as recited in claim 1, further comprising means, coupled to the base station processing means, for debiting a specified brokerage account of the specified broker corresponding to the individualized account to cover a purchase resulting from the respective purchase request and for crediting the specified brokerage account for a sale resulting from the respective sale request.

Claim 11

The interactive investment management expert system as recited in claim 1, wherein the base station processing means further includes means for substituting other recommended securities for one of the buy recommendation and the sell recommendation for the account.

Claim 12

The interactive investment management expert system as recited in claim 1, further includes confirmation means, coupled to the base station processing means, for confirming a sale and a purchase corresponding to ones of the respective purchase request and the sale request and for transmitting a confirmation message to the remote access means.

Claim 13

The interactive investment management expert system as recited in claim 11, wherein the confirmation means confirms each one of the sale and the purchase by transmitting trade data identifying a specific security description, a quantity, a transaction price, a commission, and a total amount of funds invested as a result of the sale and the purchase.

Claim 14

The interactive investment management expert system as recited in claim 1, wherein the base station processing means further includes means for storing customer data used to manage the individualized portfolio.

Claim 15

The interactive investment management expert system as recited in claim 1, wherein, the base station processing means includes means for obtaining research data from each of the plurality of brokers and wherein the base station processing means generates the individual asset allocation model based on research data obtained from the specified broker to the exclusion of research information obtained from any other one of the plurality of brokers.

Claim 16

The interactive investment management expert system as recited in claim 1, wherein the means for correlating a risk ranking to the responses to the questionnaire includes means for changing a risk indication value based on the response to each question in the questionnaire.

Claim 17

The interactive investment management expert system as recited in claim 1, wherein the base station processing means evaluates the asset allocation model for the individual investor each day responsive to the identified economic environment data.

Claim 18

A computer implemented interactive investment management expert system comprising: a hub computer including (a) means for identifying one of a plurality of predefined economic environments and for placing weights on asset classes based upon the identified environment; and (b) means for updating data concerning a plurality of securities to reflect a current market value of the securities and for storing the updated securities data in a security master file; base station processing means including (a) means for performing fundamental analysis to recommend ones of the securities, corresponding to data included in the security master file, as one of a buy recommendation and a sell recommendation, and for storing the respective recommendations for the recommended securities; (b) means for generating an asset allocation model from responses to a questionnaire for a corresponding individualized portfolio for an individual portfolio holder, for correlating a risk ranking to the responses to the questionnaire and assigning the risk ranking to the individualized portfolio, the asset allocation model including at least one asset class; (c) means for accessing the hub computer processing means to retrieve the identified economic environment and the updated market value of the plurality of securities and for generating a modified asset allocation model by adjusting the asset allocation model based upon the identified economic environment and the updated market value of the plurality of securities; (d) means for comparing the asset allocation model to the modified asset allocation model to determine whether (1) first particular ones of the plurality of securities are needed in the individualized portfolio and (2) second particular ones of the securities in the individualized portfolio should be sold; (e) means for retrieving the stored buy recommendations, for evaluating the securities corresponding to the stored buy recommendations to determine a risk/return ratio of the securities corresponding to the stored buy recommendations for the individualized portfolio corresponding to the asset allocation model, and for generating a risk/return output value indicating if the risk/return ratio is improved; (f) means for generating a recommended buy order for each of the securities corresponding to the stored buy recommendations that provides an improved risk/return ratio for the asset allocation model; and (g) means for generating a recommended sell order for the second particular ones of the securities which should be sold; (h) means for the individual portfolio holder to select a specified broker, and (i) means for coupling the base station processing means to a plurality of broker including the specified broker; and remote access means for accessing the base station processing means, for reviewing the recommended buy order and the recommended sell order for the individualized portfolio, and for transmitting one of a respective purchase request and a respective sale request to the base station processing means; the base station processing means further includes means for transmitting one of the respective purchase request and the respective sale request to the specified broker.

Claim 19

A computer implemented interactive investment management expert system comprising: a hub computer including (a) means for identifying one of a plurality of predefined economic environments and for placing weights on asset classes based upon the identified environment; and (b) means for updating data concerning a plurality of securities to reflect a current market value of the securities and for storing the updated securities data in a security master file; base station processing means including (a) means for performing fundamental analysis to recommend ones of the securities, corresponding to data included in the security master file, as one of a buy recommendation and a sell recommendation, and for storing the respective recommendations for the recommended securities; (b) means for generating an asset allocation model from responses to a questionnaire for a corresponding individualized portfolio for an individual portfolio holder, for correlating a risk ranking to the responses to the questionnaire and assigning the risk ranking to the individualized portfolio, the asset allocation model including at least one asset class; (c) means for accessing the hub computer processing means to retrieve the identified economic environment and the updated market value of the plurality of securities and for generating a modified asset allocation model by adjusting the asset allocation model based upon the identified economic environment and the updated market value of the plurality of securities; (d) means for comparing the asset allocation model to the modified asset allocation model to determine whether (1) first particular ones of the plurality of securities are needed in the individualized portfolio and (2) second particular ones of the securities in the individualized portfolio should be sold; (e) means for retrieving the stored buy recommendations, for evaluating the securities corresponding to the stored buy recommendations to determine a risk/return ratio of the securities corresponding to the stored buy recommendations for the individualized portfolio corresponding to the asset allocation model, and for generating a risk/return output value indicating if the risk/return ratio is improved; (f) means for generating a recommended buy order for each of the securities corresponding to the stored buy recommendations that provides an improved risk/return ratio for the asset allocation model; and (g) means for generating a recommended sell order for the second particular ones of the securities which should be sold; (h) means for the individual portfolio holder to select a specified broker, and (i) means for coupling the base station processing means to a plurality of broker including the specified broker; and remote access means for accessing the base station processing means, for reviewing the recommended buy order and the recommended sell order for the individualized portfolio, and for transmitting one of a respective purchase request and a respective sale request to the base station processing means; the base station processing means further includes means for transmitting one of the respective purchase request and the respective sale request to the specified broker.

Claim 20

The interactive investment management expert system as recited in claim 17, wherein said economic environment is a scenario selected from the group consisting of rapid growth high inflation, slow recovery, classic cycle, recession, and depression, and wherein said identifying means includes a look-up table attributing different weights to asset classes depending on the selected scenario.

Claim 21

A computer implemented interactive investment management expert system comprising: base station processing means comprising: (a) means for generating an asset allocation model, including a plurality of asset classes, from responses to a questionnaire to govern a purchase or sale of securities in a corresponding individualized portfolio for an individual account holder for correlating a risk ranking to the responses to the questionnaire and for assigning the risk ranking to the individualized portfolio; (b) means for evaluating suitability of securities in the individualized portfolio with respect to changes in a market price of the securities in the account, a current value of the securities, and an identified economic environment, and for generating and storing a buy recommendation and a sell recommendation for the securities in the individualized portfolio based on the evaluation of the securities, said evaluating means including means for placing weights on the asset classes based on the identified environment; (c) means for the individual portfolio holder to select a specified broker, and (d) means for coupling the base station processing means to a plurality of broker including the specified broker; and remote access means for accessing and reviewing the buy recommendation and the sell recommendation and for initiating a respective purchase request and a sale request; the base station processing means further including means for transmitting one of the respective purchase request and the respective sale request to the specified broker.

Claim 22

A computer implemented interactive investment management expert system comprising: base station processing means comprising: (a) means for generating an asset allocation model, including a plurality of asset classes, from responses to a questionnaire to govern a purchase or sale of securities in a corresponding individualized portfolio for an individual account holder for correlating a risk ranking to the responses to the questionnaire and for assigning the risk ranking to the individualized portfolio; (b) means for evaluating suitability of securities in the individualized portfolio with respect to changes in a market price of the securities in the account, a current value of the securities, and an identified economic environment, and for generating and storing a buy recommendation and a sell recommendation for the securities in the individualized portfolio based on the evaluation of the securities, said evaluating means including means for placing weights on the asset classes based on the identified environment; (c) means for the individual portfolio holder to select a specified broker, and (d) means for coupling the base station processing means to a plurality of broker including the specified broker; and remote access means for accessing and reviewing the buy recommendation and the sell recommendation and for initiating a respective purchase request and a sale request; the base station processing means further including means for transmitting one of the respective purchase request and the respective sale request to the specified broker.

Claim 23

The interactive investment management expert system as recited in claim 19, further comprising means for retrieving the selected economic environment and the current market value of the securities and for generating a modified asset allocation model by adjusting the asset allocation model based upon the economic environment and the current market value of the securities.

Claim 24

The interactive investment management expert system as recited in claim 16, further comprising means for comparing the asset allocation model to the modified asset allocation model to determine whether (1) first particular securities are needed and (2) second particular ones of the securities in the account should be sold; means for retrieving the stored buy recommendation, for evaluating a recommended security corresponding to the buy recommendation to conduct a risk/return evaluation of the recommended security for the individualized portfolio, and for generating a risk/return output value indicating one of an improved risk/return ratio and not improved risk/return ratio; means for generating a recommended buy order for the recommended security if the recommended security has an improved risk/return ratio for the asset allocation model; and means for generating a recommended sell order for any of the second particular securities which should be sold.

Claim 25

The interactive investment management expert system as recited in claim 19, further comprising means for automatically generating one of a purchase request and a sale request based upon the buy recommendation and the sell recommendation respectively.

Claim 26

The interactive investment management expert system as recited in claim 19, further comprising means for debiting a specified individual brokerage account of the specified broker/dealer corresponding to the individualized portfolio to cover the purchase resulting from the purchase request and for crediting the specified individual brokerage account for the sale resulting from the sale request.