Patent US6154732A successfully refreshed from Google Patents.
US6154732A
Expired / Lapsed
US
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System for providing investment advice and management of pension assets
Assignee: GUIDED CHOICE
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Filing: 1997-07-25
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Granted: 2000-11-28
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Expires: 2017-07-25
Abstract
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.
Inventors
- 👤 Brian Christopher Tarbox
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-05 18:28
CPC Classifications
G; G06; G06Q; G06Q40/00; G06Q40/06; G06Q20/00; G06Q20/08; G06Q20/10
Claims Analysis
Total Claims: 11
Claim 1
Independent Claim
180 words
A system for providing investment recommendations to individuals comprising: a data storage device for storing data from a plurality of worksheets, each worksheet being completed by an individual; a recommendation generating mechanism for substantially eliminating a conflict of interest between an investment recommendation provider and a fund manager; the recommendation generating mechanism comprising: (a) a processor for processing the data from each of respective individual worksheets to calculate a corresponding individual risk tolerance; (b) an asset allocation model adapted for being applied to at least two groups of investments, wherein each group of investments includes varying proportions of shares in a plurality of investments; the processor using the asset allocation model to correlate the calculated individual risk tolerance with a corresponding group of investments; and (c) an output mechanism, coupled to the processor, for generating a report recommending at least one of the at least two groups of investments as an appropriate investment for each individual; wherein the report sets forth a range of returns for at least one of the two groups of investments as a function of time.
Claim 2
Independent Claim
180 words
A system for providing investment recommendations to individuals comprising: a data storage device for storing data from a plurality of worksheets, each worksheet being completed by an individual; a recommendation generating mechanism for substantially eliminating a conflict of interest between an investment recommendation provider and a fund manager; the recommendation generating mechanism comprising: (a) a processor for processing the data from each of respective individual worksheets to calculate a corresponding individual risk tolerance; (b) an asset allocation model adapted for being applied to at least two groups of investments, wherein each group of investments includes varying proportions of shares in a plurality of investments; the processor using the asset allocation model to correlate the calculated individual risk tolerance with a corresponding group of investments; and (c) an output mechanism, coupled to the processor, for generating a report recommending at least one of the at least two groups of investments as an appropriate investment for each individual; wherein the report sets forth a range of returns for at least one of the two groups of investments as a function of time.
Claim 3
Dependent Claim
63 words
The system of claim 1 wherein the processor is adapted to process the data from each individual such that the recommendation generating mechanism generates the report based upon at least one of individual retirement needs and individual life cycle stage; and the processor further includes a correlation mechanism for correlating the retirement needs and life cycle stage with an appropriate group of investments.
Claim 4
Dependent Claim
76 words
A system for providing investment recommendations to individuals as set forth in claim 1 wherein the recommendation generating mechanism further includes a mechanism adapted to accept data related to past performance of the recommended group of investments during a specified period of time, and, on a substantially periodic basis, providing a performance update report to the output mechanism indicative of a rate of return for the recommended group of investments over the specified period of time.
Claim 5
Dependent Claim
101 words
A system for providing investment recommendations to individuals as set forth in claim 3 wherein the recommendation generating mechanism further includes a mechanism adapted to accept data related to past performance of at least two groups of investments, including the recommended group of investments and another group of investments, during a specified period of time, and, on a substantially periodic basis, providing a performance update report to the output mechanism indicative of a first rate of return for the recommended group of investments and a second rate of return for the another group of investments over the specified period of time.
Claim 6
Dependent Claim
176 words
A computer implemented method for providing independent investment recommendations to individuals for investing in managed funds, the method comprising the steps of: substantially eliminating a conflict of interest between an investment recommendation provider and a fund manager by: developing a worksheet to elicit input parameters including funding needs so as to enable calculation of individual levels of risk tolerance appropriate for an individual, calculating a risk profile for the individual which considers a "fear factor" indicative of a probability that the investment recommendation given is likely to be followed by the individual over a period of time; applying an asset allocation model to at least two investment vehicles; applying the data from the worksheets to the asset allocation model; and based upon the calculated risk profile, providing a tangible recommendation to the individual of at least one of the two investment vehicles, wherein the recommendation sets forth a range of returns for at least one of the two investment vehicles as a function of time, and wherein the recommendation is generated independently of the fund manager.
Claim 7
Dependent Claim
176 words
A computer implemented method for providing independent investment recommendations to individuals for investing in managed funds, the method comprising the steps of: substantially eliminating a conflict of interest between an investment recommendation provider and a fund manager by: developing a worksheet to elicit input parameters including funding needs so as to enable calculation of individual levels of risk tolerance appropriate for an individual, calculating a risk profile for the individual which considers a "fear factor" indicative of a probability that the investment recommendation given is likely to be followed by the individual over a period of time; applying an asset allocation model to at least two investment vehicles; applying the data from the worksheets to the asset allocation model; and based upon the calculated risk profile, providing a tangible recommendation to the individual of at least one of the two investment vehicles, wherein the recommendation sets forth a range of returns for at least one of the two investment vehicles as a function of time, and wherein the recommendation is generated independently of the fund manager.
Claim 8
Dependent Claim
101 words
A computer implemented method for providing independent investment recommendations to individuals for investing in managed funds as set forth in claim 2, further comprising the steps of: accepting input data related to past performance of at least two groups of investments, including the recommended group of investments and another group of investments, during a specified period of time, and on a substantially periodic basis, generating a tangible performance update report indicative of a first rate of return for the recommended group of investments and a second rate of return for the another group of investments over the specified period of time.
Claim 9
Dependent Claim
120 words
A computer implemented method for providing investment advice to individuals, the method comprising the steps of: eliminating a conflict of interest between an investment recommendation provider and a fund manager by: collecting data from a worksheet completed by an individual; calculating a risk tolerance for the individual; applying an asset allocation model to at least four Trusts, the Trusts having shares in varying proportions of a plurality of no-load mutual funds; applying the calculated risk tolerance to the asset allocation model for the at least four Trusts; and generating a tangible report recommending at least one of the at least four Trusts as an appropriate investment vehicle for the individual, wherein the report is generated independently of the fund manager.
Claim 10
Dependent Claim
120 words
A computer implemented method for providing investment advice to individuals, the method comprising the steps of: eliminating a conflict of interest between an investment recommendation provider and a fund manager by: collecting data from a worksheet completed by an individual; calculating a risk tolerance for the individual; applying an asset allocation model to at least four Trusts, the Trusts having shares in varying proportions of a plurality of no-load mutual funds; applying the calculated risk tolerance to the asset allocation model for the at least four Trusts; and generating a tangible report recommending at least one of the at least four Trusts as an appropriate investment vehicle for the individual, wherein the report is generated independently of the fund manager.
Claim 11
Dependent Claim
101 words
A computer implemented method for providing independent investment recommendations to individuals for investing in managed funds as set forth in claim 7, further comprising the steps of: accepting input data related to past performance of at least two groups of investments, including the recommended group of investments and another group of investments, during a specified period of time, and on a substantially periodic basis, generating a tangible performance update report indicative of a first rate of return for the recommended group of investments and a second rate of return for the another group of investments over the specified period of time.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2003-11-28 | 2004-05-29 | 2004-11-28 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2007-11-28 | 2008-05-29 | 2008-11-28 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2011-11-28 | 2012-05-29 | 2012-11-28 | $7700.00 | Window Closed / Lapsed |