US 2019/0057449 A1 · SYSTEM AND METHOD FOR FINANCIAL PLANNING, ADVICE AND MANAGEMENT

Abstract

A financial planning system automatically chooses which goals to fund, and which assets to liquidate to enable goal funding. A user specifies her goals with associated priorities, possibly with a variable timeframe and/or a variable cost. As the system decides that a goal is affordable, by determining that the user's wealth in a simulation scenario exceeds a benchmark based on the user's financial situation, the system changes that goal to a committed life action. The user's investment allocation may automatically change in response to one or more of the user's age, life actions and total wealth. If the simulation scenarios result in an acceptable plan, and if the user has given permission, the financial planning system then acts on this plan, such as by moving funds among accounts or placing securities trades. The system can be used for asset management, money management, and consumption advice.

Claims40

Dependent claims

A method of financial planning for a user comprising:

receiving, from the user:
life actions, goals, an investment strategy, and an acceptability threshold;
generating a benchmark based on the life actions and the goals;
determining wealth based on the investment strategy and the life actions;
converting goals to life actions when the determined wealth exceeds the benchmark;
and
deciding a financial strategy is acceptable when goal success likelihood exceeds the acceptability threshold, the goal success likelihood being the probability that the respective goals were converted to life actions;
wherein the financial strategy comprises the life actions, the goals, the investment strategy, the acceptability threshold and the benchmark.

5 more elements

Dependencies are inferred from the claim text.

System and method for financial planning, advice and management

Life of this patent

System and method for financial planning, advice and management

Life of this patent

Abstract

Claims40