Single-security rebalancing
AssigneeCheckFree Corporation
InventorsMichael Cifrese, Ann Harding, Drew Klepper
Life of this patent
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Abstract
Techniques for rebalancing a single type security associated with at least one of multiple investment styles within a multi-style investment account is provided. The security could be, as desired, rebalanced in only the one investment style, or in more than one of the multiple investment styles. It is determined if the security is overweighted or underweighted relative to a first target position associated with the one investment style. Then, another investment style is identified in which the security is oppositely weighted. An amount of the security is then transferred between the one investment style and the identified investment style in rebalancing the security in the one investment style.
Claims25
A method for rebalancing a first holding of a security, the first holding associated with a first investment style, to a first target position, the first investment style one of a plurality of investment styles within a multi-style investment account in which the plurality of investment styles are permitted to hold the security simultaneously, comprising:
- determining that the first holding of the security in the first investment style is one of overweighted or underweighted relative to the first target position;
- identifying a second one of the plurality of investment styles in which a second holding of the security is, relative to a second target position, i) underweighted if the first holding of the security is determined to be overweighted, or ii) overweighted if the first holding of the security is determined to be underweighted;
- and
- transferring an amount of the security between the first holding in the first investment style and the second holding in the identified second investment style in rebalancing the first holding of the security to the first target position.
A system for rebalancing a first holding of a security, the first holding associated with a first investment style, to a first target position, the first investment style one of a plurality of investment styles within a multi-style investment account in which the plurality of investment styles are permitted to hold the security simultaneously, comprising:
- non-volatile storage configured to store information associated with the multi-style investment account;
- and
- a processor configured to determine that the first holding of the security in the first investment style is one of overweighted or underweighted relative to the first target position, identify a second one of the plurality of investment styles in which a second holding of the security is, relative to a second target position associated with the second investment style, i) underweighted if the first holding of the security is determined to be overweighted, or ii) overweighted if the first holding of the security is determined to be underweighted, and execute a transfer an amount of the security between the first holding in the first investment style and the second holding in the identified second investment style in rebalancing the first holding of the security to the first target position.
Dependencies are inferred from the claim text.