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US 6,609,110 B1Granted
Method and system for retail investment objective setting
AssigneeCitibank, N.A.
InventorsMarylou Dowd, Michael F. Green, Lawrence D. Weiss
Life of this patent
Estimating the term…
Abstract
This invention describes a method and system for automated assistance with investment decisionmaking. In particular, the invention relates to assisting retail customers with setting investment objectives, modifying those objectives, and making investments, based on the customer's profile, portfolio, and investment preferences. The invention also comprises a system and method for providing a tutorial aspect intended to assist an account representative, through interactive visual aids, with explaining or questions by a user using the investment decisionmaking method and system. The invention also comprises a method and system for system administration of the investment decisionmaking system.
Claims33
A computer-implemented method for assisting an investor with investment decisions, comprising:
- receiving investor personal profile information, comprising personal data and financial data, wherein the financial data comprises investor asset information comprising a total amount of assets, a current allocation of the plurality of assets and a designation of a reference currency of a country in which the method is being utilized, wherein the reference currency is selected from a plurality of currencies;
- receiving an investor-determined total amount to invest representing at least a portion of the total amount of assets;
- receiving one or more investor-determined investment goals from the investor;
- receiving an investor-determined investment amount, representing an allocation of the total amount to invest, for each of the one or more investment goals;
- receiving an investor-determined investment time horizon for each of the one or more investment goals;
- receiving an investor-determined risk/return relationship, representing a potential investment outcome and selected from a plurality of risk/return relationships that vary by the selected reference currency, for each of the one or more investment goals;
- receiving an investor-determined level of staying power, representing a willingness to maintain the investment amount, for each of the one or more investment goals, if the investment time horizon is greater than or equal to a predetermined short-term time period or if the risk/return relationship is more risky than a predetermined level of risk/return relationship;
- receiving an investor-determined level of investment experience indicating the investor's knowledge about investments;
- matching via a computer the received investor-determined inputs with a plurality of predetermined portfolio options stored in a decision table in the computer to determine an initial recommended portfolio for each of the one or more investment goals, wherein the initial recommended portfolio comprises an initial recommended asset allocation among a plurality of asset categories based on the reference currency, wherein the plurality of predetermined portfolio options comprise at least one set of options for each of the plurality of currencies, wherein the at least one set of options each comprise a range of alternatives within each of the plurality of asset categories each correlated with at least one level of the investor-determined inputs;
- and
- communicating the initial recommended portfolio to the investor to aid the investor in making investment decisions.
8 more elements
A computer-implemented method for assisting an investor with investment decisions, comprising:
- receiving investor personal profile information, comprising personal data and financial data, wherein the financial data comprises investor asset information comprising a total amount of assets, a current allocation of the plurality of assets and a designation of a reference currency of a country in which the method is being utilized, wherein the reference currency is selected from a plurality of currencies;
- receiving an investor-determined total amount to invest representing at least a portion of the total amount of assets;
- receiving one or more investor-determined investment goals from the investor;
- receiving an investor-determined investment amount, representing an allocation of the total amount to invest, for each of the one or more investment goals;
- receiving an investor-determined investment time horizon for each of the one or more investment goals;
- receiving an investor-determined risk/return relationship, representing a potential investment outcome and selected from a plurality of risk/return relationships that vary by the selected reference currency, for each of the one or more investment goals;
- receiving an investor-determined level of staying power, representing a willingness to maintain the investment amount, for each of the one or more investment goals, if the investment time horizon is greater than or equal to a predetermined short-term time period or if the risk/return relationship is more risky than a predetermined level of risk/return relationship;
- receiving an investor-determined level of investment experience indicating the investor's knowledge about investments;
- matching via a computer the received investor-determined inputs with a plurality of predetermined portfolio options stored in a decision table in the computer to determine an initial recommended portfolio for each of the one or more investment goals, wherein the initial recommended portfolio comprises an initial recommended asset allocation among a plurality of asset categories, wherein the initial recommended portfolio varies depending on the reference currency;
- communicating the initial recommended portfolio to the investor to aid the investor in making investment decisions;
- recommending to the investor at least one of a plurality of specific investment products within each asset category of the initial recommended portfolio for each of the one or more investment goals, wherein the plurality of specific investment products varies depending on the reference currency;
- receiving an investor-determined selection of one of the plurality of specific investment products within each asset category of the initial recommended portfolio or the alternate recommended portfolio for each of the one or more investment goals;
- and
- purchasing the investor-determined selection of one of the plurality of specific investment products within each asset category of the initial recommended portfolio or the alternate recommended portfolio for each of the one or more investment goals.
11 more elements
A computer-implemented method for assisting an investor with investment decisions, comprising:
- receiving investor-specific information, comprising personal data and financial data, wherein the financial data comprises investor asset information comprising a total amount of assets, a current allocation of assets and a designation of a reference currency of a country in which the method is being utilized, wherein the reference currency is selected from a plurality of currencies;
- receiving an investor-determined total amount to invest representing a portion of the total amount of assets;
- receiving one or more investment goals from the investor;
- receiving an investor-determined investment amount, representing an allocation of the total amount to invest, for each of the one or more investment goals;
- receiving an investor-determined investment time horizon for each of the one or more investment goals;
- receiving an investor-determined risk/return relationship, representing a potential investment outcome and selected from a plurality of risk/return relationships that vary by the selected reference currency, for each of the one or more investment goals;
- receiving an investor-determined level of staying power, representing a willingness to maintain the investment amount, for each of the one or more investment goals, if the investment time horizon is greater than or equal to a predetermined short-term time period or if the risk/return relationship is more risky than a predetermined level of risk/return relationship;
- receiving an investor-determined level of investment experience indicating the investor's knowledge about investments;
- matching via a computer the received investor-determined inputs with a plurality of predetermined portfolio options stored in a decision table in the computer to determine an initial recommended portfolio for each of the one or more investment goals, wherein the initial recommended portfolio comprises an initial recommended asset allocation among a plurality of asset categories, wherein the initial recommended portfolio varies depending on the reference currency;
- communicating the initial recommended portfolio to the investor to aid the investor in making investment decisions;
- receiving an investor-determined level of comfort with the initial recommended portfolio, where the level of comfort is one of either comfortable or not comfortable;
- matching via the computer, if the level of comfort is not comfortable, the received investor-determined inputs with the plurality of predetermined portfolio options to determine an alternate recommended portfolio for each of the one or more investment goals, wherein the alternate recommended portfolio differs from the initial recommended portfolio and comprises an alternate recommended asset allocation among the plurality of asset categories, wherein the alternate recommended portfolio varies depending on the reference currency;
- communicating the alternate recommended portfolio to the investor to aid the investor in making investment decisions;
- comparing an investor-selected one of the initial recommended portfolio or the alternate recommended portfolio with the current allocation of assets;
- comparing the initial recommended portfolio and the alternate recommended portfolio;
- recommending to the investor at least one of a plurality of specific investment products within each asset category of the initial recommended portfolio or the alternate recommended portfolio for each of the one or more investment goals, wherein the plurality of specific investment products varies depending on the reference currency;
- receiving an investor-determined selection of one of the plurality of specific investment products within each asset category of the initial recommended portfolio or the alternate recommended portfolio for each of the one or more investment goals;
- and
- purchasing the investor-determined selection of one of the plurality of specific investment products within each asset category of the initial recommended portfolio or the alternate recommended portfolio for each of the one or more investment goals.
16 more elements
A computer-implemented method for assisting an investor with investment decisions, comprising:
- receiving investor-specific information, comprising personal data and financial data, wherein the financial data comprises investor asset information comprising a total amount of assets, a current allocation of assets and a designation of a reference currency of a country in which the method is being utilized, wherein the reference currency is selected from a plurality of currencies;
- receiving an investor-determined total amount to invest representing a portion of the total amount of assets;
- receiving one or more investment goals from the investor;
- receiving an investor-determined investment amount, representing an allocation of the total amount to invest, for each of the one or more investment goals;
- receiving an investor-determined investment time horizon for each of the one or more investment goals;
- receiving an investor-determined risk/return relationship, representing a potential investment outcome and selected from a plurality of risk/return relationships that vary by the selected reference currency, for each of the one or more investment goals;
- receiving an investor-determined level of staying power, representing a willingness to maintain the investment amount, for each of the one or more investment goals, if the investment time horizon is greater than or equal to a predetermined short-term time period or if the risk/return relationship is more risky than a predetermined level of risk/return relationship;
- receiving an investor-determined level of investment experience indicating the investor's knowledge about investments;
- determining via a computer an initial recommended portfolio by assigning a score to each of the received investor-determined inputs by correlating each of the inputs with a predetermined profile stored in the computer corresponding to each of the inputs, and wherein the combination of the scores for each of the received investor-determined inputs determines a rating that is compared to a plurality of predetermined portfolio options stored in a decision table in the computer to determine an initial recommended portfolio for each of the one or more investment goals, wherein the initial recommended portfolio comprises an initial recommended asset allocation among a plurality of asset categories, wherein the initial recommended portfolio varies depending on the reference currency;
- communicating the initial recommended portfolio to the investor to aid the investor in making investment decisions;
- receiving an investor-determined level of comfort with the initial recommended portfolio, where the level of comfort is one of either comfortable or not comfortable;
- determining via the computer, if the level of comfort is not comfortable, an alternate recommended portfolio that differs from the initial recommended portfolio by comparing the rating to the plurality of predetermined portfolio options for each of the one or more investment goals, wherein the alternate recommended portfolio comprises an alternate recommended asset allocation among the plurality of asset categories, wherein the alternate recommended portfolio varies depending on the reference currency;
- communicating the alternate recommended portfolio to the investor to aid the investor in making investment decisions;
- comparing an investor-selected one of the initial recommended portfolio or the alternate recommended portfolio with the current allocation of assets;
- comparing the initial recommended portfolio and the alternate recommended portfolio;
- recommending to the investor at least one of a plurality of specific investment products within each asset category of the initial recommended portfolio or the alternate recommended portfolio for each of the one or more investment goals, wherein the plurality of specific investment products varies depending on the reference currency;
- receiving an investor-determined selection of one of the plurality of specific investment products within each asset category of the initial recommended portfolio or the alternate recommended portfolio for each of the one or more investment goals;
- and
- purchasing the investor-determined selection of one of the plurality of specific investment products within each asset category of the initial recommended portfolio or the alternate recommended portfolio for each of the one or more investment goals.
16 more elements
Dependencies are inferred from the claim text.