WO2001022341A1 - Procede pour faire des investissements financiers - Google Patents

Procede pour faire des investissements financiers Download PDF

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Publication number
WO2001022341A1
WO2001022341A1 PCT/US2000/040922 US0040922W WO0122341A1 WO 2001022341 A1 WO2001022341 A1 WO 2001022341A1 US 0040922 W US0040922 W US 0040922W WO 0122341 A1 WO0122341 A1 WO 0122341A1
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WO
WIPO (PCT)
Prior art keywords
investment
subsystem
customer
service
financial
Prior art date
Application number
PCT/US2000/040922
Other languages
English (en)
Inventor
Matthew J. Saltzman
Barbara Saltzman
Scott A. Von Kleek
Original Assignee
Electronic Market Center, Inc.
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Electronic Market Center, Inc. filed Critical Electronic Market Center, Inc.
Priority to AU12534/01A priority Critical patent/AU1253401A/en
Publication of WO2001022341A1 publication Critical patent/WO2001022341A1/fr

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Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/06—Asset management; Financial planning or analysis
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Definitions

  • the present invention generally relates to interactive computer systems, such as interactive websites on the Internet.
  • the invention relates to a process for creating, acquiring and monitoring portfolios of financial investments over a distributed computer network, such as the Internet.
  • Such sites are not well suited for the investor who wishes to create and acquire a financial investment portfolio specifically designed for his or her personal investment requirements and goals.
  • the known commercial websites are interactive only to the extent that an investor is able to choose a particular financial security for purchase or sale and to have payment deducted from an existing pre-established account.
  • Such websites include so-called "investment” sites such as (DLJ Direct, Charles Schwab) in which investors may purchase shares in pre-packaged mutual funds that have predetermined objectives (for example, "large cap funds” or "small-cap funds”) but are not specifically designed for the particular investor's needs or tailored to complement their other existing investments.
  • the System which is capable of (1) receiving data from a customer regarding his financial investment needs and goals; (2) analyzing said data and preparing and presenting to said investor a proposed investment program to achieve said goals; (3) providing said investor with recommended financial investment advisors who possess expertise in the discrete segments of the proposed investment program; (4) providing means to permit the investor to interact with each such independent investment advisor chosen by the investor; and (5) providing the investor with means to allow him or her to monitor and update the chosen investment program in real time after it has been acquired by the investor.
  • This invention solves the existing need by providing an embodiment of a System by which an investor can create, acquire, maintain and monitor a financial investment portfolio with the assistance and cooperation of professional investment advisors employing only the electronic data systems available through the use of public or private computer networks, such as the Internet.
  • FIG. 1 is a block diagram illustrating an embodiment of an interactive computer- implemented system in accordance with the present invention.
  • FIG. 1 discloses an interactive computer-implemented system, such as a site on the Internet or World Wide Web, where a Customer can enlist and utilize the services of expert independent investment advisors to create and acquire a financial investment portfolio which is designed to meet the investor's personal needs and goals.
  • the present embodiment can also be utilized where desired with various other types of networks, such as internally on a local area or wide area network, over any publicly accessible system, over any private system or on a stand alone system, as examples.
  • the Customer preferably can engage in an interactive information and data exchange with the computer system, or computer to computer exchange as appropriate, to provide the system with the necessary information about the investor's present and future needs and objective of financial investing.
  • the terms "computer” and "computer system” as used herein should be broadly construed to cover any device or group of devices having processing capabilities, such as conventional personal computers, hand held devices, cellular phones including, where appropriate, any desired arrangement of associated devices, such as a key board, mouse and/or a display terminal, as examples.
  • the computer system in the present embodiment is preferably designed to elicit information from the customer in response to certain preprogrammed questions.
  • This interactive program is designed to combine a number of application tools to obtain information from the customer about his or her financial investment needs or goals. The information is then analyzed to provide specific investment recommendations to the investor for the purpose of creating, acquiring and monitoring a financial investment portfolio.
  • the expertise and experience of professional investment advisors can also be utilized, and with the data concerning which being incorporated in the interactive program and accessed through the system.
  • the investor can, through the use of the computer system, ask questions directly to financial professionals who can respond to the investor in real-time.
  • the Customer can, through the use of a single interactive computer program, obtain a cohesive, inclusive and multifaceted investment plan from a number of professional expert investment managers.
  • Fig. 1 illustrates a presently preferred embodiment of the present invention.
  • a System 100 comprising an interactive, automated, computer-implemented system for creating and acquiring a financial investment portfolio, which is designed to meet the personal needs and goals of the Potential Financial Investor.
  • the System 100 of this embodiment preferably comprises a number of discrete but interrelated subsystems and services that are integrated to operate together and dependently to provide a single total system, allowing the customer to create, acquire, maintain, alter, modify, amend, update and track the desired investment portfolio.
  • the various subsystems and services as will be described in detail herein can comprise one or more computers or other processing devices and communication between the various subsystems and services can occur over any desired communication link, such as between a logical and/or physical separation between the various subsystems and services.
  • communication can be made, for instance, over any wireless medium, for example, radio frequency (RF) or infrared (IR) signals, over any wire medium, such as over a junction wire comprised of copper, as an example, in embodiments where various subsystems and services are provided in the form of an integrated circuit and or in a single computer, over standard telephone lines, 110 volt AC power line (PLC), twisted pair (TP) cable, fiber optic cable or coax cable, as examples, in embodiments where one or more of the various subsystems and services are provided in separate computers, or over any desired combination.
  • PLC 110 volt AC power line
  • TP twisted pair
  • fiber optic cable or coax cable as examples, in embodiments where one or more of the various subsystems and services are provided in separate computers, or over any desired combination.
  • the data transmitted between the various subsystems can be provided in any desired format, such as analog, digital or combination of analog/digital.
  • the System 100 preferably comprises the following segments of subsystems and services:
  • the Financial Advisor Service 1 is preferably comprised of electronic databases, document and data repositories containing data definitions and storage for content, quantitative and qualitative description, rules and information for defining values and characteristics of the investment management community.
  • the Financial Advisor Service 1 has stored therein for retrieval and analysis the relevant data regarding the investing characteristics, philosophies, experience, and other pertinent data relating to each of the professional investment managers 53 who are participating in the operation of the System 100.
  • the number and quality of professional investment managers who may be included in the system's operation are limited only to the storage and operational capacity of the equipment employed. This permits the selection and use of those investment managers who are recognized as the best in their various fields of investment expertise.
  • the investment manager data preferably is optimized for subsequent retrieval, presentation and analysis.
  • the Electronic Network and Delivery Service 2 is responsible for the communications, formatting and delivery of all content and interaction of the system to the Investor Segment 20. Potential and current investors shown as customers 52 preferably can interact with the system through a number of electronic mechanisms including but not limited to the public and private networks such as the Internet, standard World Wide Web presentation formatting techniques including HTML, DHTML, WML/WAP, XML, etc., Internet browsers, Java based applets and applications, other dynamically installable applications, general computer applications and other such mechanisms.
  • the infrastructure services in the present embodiment will dynamically adapt to correctly interface with the customer's delivery mechanism without requiring a priori knowledge of the type of mechanism or customer input.
  • the format and content of such delivered material will preferably be transposed to a presentation as appropriate to the distribution mechanisms and any partner channel distribution.
  • This transmogrification includes the service's content and "look and feel" customized by a number of methods not limited to customer identity as authenticated by the Security Subsystem 44, the channel, customer segment as defined by the channel or channel defined rules, and customer preference.
  • Channel Administrators 54 define the "look and feel" of the presentation through the Internet to World Wide Web and similar standards by defining colors, graphics, placement, interface and communications flow, as well as content and other such materials.
  • the customer 52 interacts with the system through a channel 3 comprising a secure communications link provided by the Security Subsystem 44 for sensitive information.
  • Channel 3 includes public and private networks with facilities that support encryption, authentication and non-repudiation through such tools as digital certificates, bi- directional transport layer security/secure sockets layer, hardware and software encryption.
  • the System 100 facilitates the collaboration mechanisms for customers 52 to interact with financial advisors 56 through a variety of mechanisms, including on-line chat, e-mail, interactive collaboration, and shared sessions, as examples. Shared sessions and collaboration services are preferably only granted to advisors or other parties with permission from the end customer and are capable of being securely configured using the Security Subsystem 44 as a service of the channel 3.
  • the collaboration services illustrated by communication link 4 in dotted lines provides a direct virtual connection between the customer 52 and the financial advisors 56. This connection preferably facilitates support, advice and interactive dialog through real-time or delayed interaction. Privacy and verifiable authentication is also guaranteed where desired by leveraging the capabilities also provided by the Security Subsystem 44 to prevent impersonation and inappropriate access to sensitive customer information.
  • the Profiler service 22 and Electronic Gathering Subsystem 24 are also preferably comprised of electronic databases, document repositories and applications capable of the collection and storage of data input by customers or other computer systems for retrieval, archival and analytical purposes. More specifically, each potential and current investor 52 from the Investor Segment 20 preferably retains a set of database and document repository records that collectively store information that effectively represents the requirements for an investment strategy.
  • the customers 52 and potentially their investment managers 53 interact with the computer applications and repositories by the Profiler Service 22. In this embodiment, the customers 52 and the investment managers 53 interact with Profiler Service 22 via the Electronic Network and Delivery Service 2 and communication link 5. Investment managers 53 interact with the Electronic Network and Delivery Service 2 via Financial Advisor Service 1 and communication link 55.
  • the customer 52 interacts with the Electronic Network and Delivery Service 2 via communication link 3.
  • the Profiler Service 22 is preprogrammed to initiate an interactive interview sequence with the customer 52 that is designed to elicit the essential data required by the system in order to prepare an investment program tailored for the individual customer.
  • the Profiler Service 22 dynamically creates the interactive interview session with the customer 52 based on the customer's demographics, needs, current situation, current investments, etc.
  • the electronic databases of Profiler Service 22 document repositories and associated applications will commence asking the Customer 52 throughout the interactive interview those questions which will elicit data for deposit in its data repositories.
  • the Profiler Service's 22 content may be presented in a multi-lingual format and the appropriate language may be distributed to the customer 52 based on the customer's preference or predefined interface. This multi-lingual format is translated to the necessary delivery mechanism based on the type of interaction the customer has with the System 100 through the Electronic Network and Delivery Service 2.
  • the channel 3 has the ability to refine or customize certain aspects of the interactive session beyond the service presentation such as available modules, pre-populated data, generated formula data, etc.
  • the electronic databases and document repositories create and maintain specific discrete records for each customer and potential scenarios which can be referenced, updated, modified and accessed by the System 100 for future utilization.
  • the Profiler Service 22 can optionally make use of the Electronic Gathering Subsystem 24 via communication link 57 to selectively interact with other public and private computer systems electronically over public and private networks using a variety of technological techniques to gather data on behalf of the customer 52, as illustrated by communication link 6.
  • Several techniques can include commercial standard protocols such as XML, FML, OFX, etc. as well as non-standard mechanisms that may not be currently available such as generic computer output parsing.
  • the results of data gathered may be used by the profiler service 22 to ease the interactive dialog with the customer.
  • the Customer 52 must approve use of and provide data as needed by the subsystem to facilitate such electronic gathering services. Once the requisite data is obtained from the Customer 52 and stored in the electronic databases and repositories, the Optimizer Subsystem 26 is engaged via a communication link 7, which will be described in detail below.
  • the Optimizer Subsystem 26 is preferably comprised of a data repository entity and replaceable application component software modules for retrieving, analyzing or matching the customer's data in Profiler Service 22 with the investment community information contained in the Financial Advisor Service 1.
  • the Optimizer Subsystem 26 interacts with the Financial Advisor Service 1 via communication link 59 and with the Profiler Service 22 via communication link 7.
  • the Optimizer Subsystem 26 preferably develops the most suitable financial investment plan based on the customer's current and anticipated situational needs as captured by the Profiler Service 22 by applying a set of mathematical heuristics, calculations and forecasts to the universe of investment choices described in the Financial Advisor Service 1.
  • Such investment plans can include a portion to be allocated to the investment managers 53 via the Financial Advisor Service 1 contained in the System 100 and the allocations of resources to remain or be redistributed among other non-advisor managed programs.
  • the application software programs contained in the Optimizer Subsystem 26 matches the customer data with financial community style, including style and characteristic data under the Financial Advisor Service 1, the data is preferably subjected to software programs modeling risk return sets creating a proposed investment program for presentation to the customer 52.
  • the Optimizer Subsystem 26 is allowed to prepare a proposed investment program for the customer 52, along with the recommended individual professional investment managers 53 to manage such programs.
  • the Optimizer Subsystem 26 may prepare an investment program for the customer which according to the system's capabilities, meets the customer's needs insofar as allocation of assets, the amount and type of investments to be made, risks generally assumed by such investments, anticipated returns of such investments as calculated by historical and current market conditions, and the objective for each investment.
  • the Optimizer Subsystem 26 preferably applies a configured set of calculations, heuristics and forecasts, including but not limited to complex regional investment and tax laws, expected and historical returns, manager past performance and risk profile, to develop a most suitable investment plan. These calculations may be reorganized and replaced as appropriate per geographical region, channel, or other necessary configurations to ensure the proper recommendations for individual customers based on rules.
  • the Optimizer Subsystem 26 will identify a professional investment manager 53 specifically qualified to manage each segment of the recommended investment plan to the Customer 52. The customer 52 can interactively reengage the Profiler Service 22 to make changes as desired to fit a particular investment strategy with the acceptable amount of risk and returns.
  • Optimizer Subsystem 26 While the Optimizer Subsystem 26 will generate the investment plan data, it will preferably present the plan through the Policy Generator Subsystem 28, Contracts Management Service 30 and the Electronic Network and Delivery Service 2, via communication links 8, 13 and 9, respectively.
  • the Policy Generator Subsystem 28 in this embodiment dynamically produces completed electronic online forms and documentation necessary to adequately and legally describe and enforce the investment strategy, allocation, rules of engagement, account maintenance, tax reporting, etc.
  • the Policy Generator Subsystem 28 preferably produces such documentation in a manner that is consistent with the delivery mechanism and the client interaction method including any natural and legal language associated with the user's geographical region.
  • the Policy Generator Subsystem 28 preferably passes control of the policy to the Policy Management Subsystem 32 via communication link 10.
  • the Policy Management Subsystem 32 is responsible for the automated and manual creation of accounts via communication links 1 1 and 12, compliance rules via communication link 11 , and re-balancing of existing accounts along with periodic overall review of the policy to the user's managed assets and investment performance via communication link 15, among other tasks.
  • the Policy Management Subsystem 32 is further used in this embodiment to periodically measure a customer's holdings with the customer's overall policy to determine if any normal adjustments are required.
  • the System 100 in this embodiment will automatically calculate modifications such as assets allocated to independent investment managers and automatically reallocate such assets according to the investment policy.
  • the System 100 can also support human confirmation before rebalancing a customer's assets. Additionally, in this embodiment, all specific compliance rules associated with managing a customer's portfolio, including non-automated modifications to computed investment strategies, are automatically transferred from the Policy Generation Subsystem 28 to the Policy Management Subsystem 32.
  • the Policy Management Subsystem 32 transfers all compliance rules via communication link 1 1 to the Trading Subsystem 34.
  • the compliance rules transferred to the Trading Subsystem are passed through a Translation Subsystem 36 of rules, which incorporates computer-based algorithms to enforce any trading restrictions.
  • the general Translation Subsystem 36 automatically translates such rules to the native computer language used by the Trading Subsystem 34.
  • the Trading Subsystem 34 in this embodiment is also capable of interacting with the investment managers 53 in the Financial Advisor Service 1 via a communication link 61.
  • Contracts Management Service 30 via other supporting services, preferably provides to the customer 52 all system results via communication link 9. If desired, the system results can be modified by certified representatives through the Contracts Management Service 30 and the
  • the finalized investment program including any specialized or stylized program modifications are delivered through the Contracts Management Service 30 and accepted or rejected until a final program is approved and placed in a non-modifiable, non-reputable, electronic vault.
  • Contracts Management Service 30 is responsible for tracking all modifications to documents for historical record keeping, including but not limited to the changes in content, author of specific changes, date and time of submitted changes, and other special notes.
  • the electronic vault maintains all records of submitted and accepted changes in a non-modifiable manner.
  • Contracts Management Service 30 is also responsible for the retrieval of all investment management policy statements in a manner that is non-reputable and verifiable.
  • the Customer 52 has accepted the final proposed investment program presented by the System 100, he or she preferably must acknowledge, verify and arrange to participate in accordance with the agreed upon program. Acceptance is validated by the Contracts Management Service 30 through a variety of mechanisms, including but not limited to digital signatures, other non-reputable mechanisms or non-electronic (printed and signed) delivery.
  • the Translation Subsystem 36 is invoked in the present embodiment to perform transformation and complex business logic integration among divergent systems.
  • Such translations can be computer to computer, a fixed set of multi-lingual natural language to computer, and computer to multi-lingual natural language translations.
  • Such translations can involve complex business rules and transactions, which are defined in and carried out by the Translation Subsystem 36.
  • Communication to the Translation Subsystem 36 is through a variety of computer to computer mechanisms generally found in the commercial technology field, including but not limited to, file transfer, message transfer, electronic mail, proprietary, RPC, IPC, fixed record, variable record, and XML.
  • All necessary record keeping accounts are automatically opened by the System 100 by interfacing the Policy Management Subsystem 32 to a Record Keeping Subsystem 38, via communication link 12, as specified in the individual professional investment manager account management rules.
  • the System's Record Keeping Subsystem 38 manages accounts by providing an automated journaling mechanism and necessary infrastructure to track individual investment transactions, including but not limited to funds received, funds withdrawn, purchases and sales, dividends, corporate actions, positions, daily balance, etc. for a variety of financial instruments including international securities and currencies.
  • the Record Keeping Subsystem 38 preferably consists of a set of internal and external databases, business logic, financial services data feeds and supporting applications to administer and ensure the integrity of customer account information.
  • the Record Keeping System 38 supports all automation features necessary to support electronic construction and integrity of the system's data including the ability to open new accounts and sub-accounts, add new investment managers, and manage all transactions across multiple investment advisors 53.
  • the Funds Transfer Service 40 of the System 100 is activated by the Customer's acceptance of the proposed investment program.
  • the Funds Transfer Service 40 interacts with the customer 52 via communication link 63 illustrated in dotted lines.
  • Current Investors 52 can have their existing portfolios automatically rebalanced and redistributed by the System 100 upon defining and accepting a new contract using the Profiler Service 22, Policy Generation Subsystem 28, Policy Management Subsystem 32 and Contracts Management Service 30.
  • the Funds Transfer Service 40 ensures that the proper investment levels are transferred to the System 100 allocating the assets in accordance with the new or revised customer policy.
  • the Funds Transfer Service 40 maintains the integrity of the System 100 by ensuring the timely receipt of funds and proper allocation of such funds to the set of professional investment managers 53 in accordance with the investment policy. Payments by the customer 52 can be made electronically or mechanically in any manner presently known and available to the financial services industry, including but not limited to Checks, Wires, ACH, ACATs or other such deposit techniques. Once the system verifies that adequate balances, payment or receipt of funds has been received, the customer's investment program is implemented preferably through an automated notification mechanism via communication link 16 to the Record Keeping Subsystem 38, and then finally to the Trading Subsystem 34 via communication link 13. In addition, the Funds Transfer Service 40 preferably alerts operational staff of improper amount, kind, receipt, or non-receipt (within a specified period) of funds for a particular customer 52.
  • the Funds Transfer Service 40 in this embodiment is also responsible for the automated management and tracking of funds redemption and liquidation services, which withdraw funds from the system. These withdrawals can be, for example, periodic, one time, planned or unplanned and activated by the customer, other registered fiduciary responsible party or customer service representative by using the Electronic Network and Delivery Service 2.
  • the Trading Subsystem 34 in the present embodiment facilitates the purchase, sale and allocation of the various financial investment vehicles in compliance with the customer's written and approved investment plan.
  • the Trading Subsystem 34 aggregates multiple transactions to create block orders based on professional investment manager's 53 models and then automatically re-allocates the securities back into each individual customer's set of accounts.
  • the modeling, block aggregation and post-trade allocation mechanisms also preferably contains suitability, gating and compliance rules automatically translated from the customer's approved policy statements, such as by the Policy Generation Subsystem 28 and Contracts Management Service 30 via communication link 1 1.
  • the Record Keeping Subsystem 38 in this embodiment electronically communicates all customer positions, incoming receipt of funds, fund transfers, and necessary cash position requirements via communication link 13 through the Translation Subsystem 36 to the Trading Subsystem 34.
  • the Trading Subsystem 34 preferably communicates all purchases and sales of financial investment positions executed by the System 100 through these electronic mechanisms to the customer's accounts.
  • the Performance Subsystem 42 preferably allows the customer 52 to monitor positions, net asset balances and overall System performance and returns.
  • the Performance Subsystem 42 will allow the customer to have continuous and periodic data that is continually updated reflecting the status of the Customer's financial investment program, managed, maintained and monitored by the advisory service.
  • the customer 52 can at any time and upon his or her initiation, access his or her account to determine its current status, as well as communicate with the System 100 to obtain information of interest.
  • the Performance Subsystem 42 via communication link 14 will provide periodic reports for either predefined or user defined periods as to the status of the customer's account and all changes made during such durations. If desired, the customer 52 will have the opportunity to communicate on an interactive basis with the System 100 to obtain information, investment advice or assistance.
  • the Customer 52 may do this electronically through an email or electronically in real time by means of an electronic chat with an investment consultant employed by the System to respond to the customer's needs through the Electronic Network and Delivery Service 2.
  • the System 100 can also provide on-line advice, education and information, which may be useful to the customer 52.
  • the customer Once the customer has created and engaged in his or her investment program, he or she may at any time, recommence the process to change or alter the conditions under which it was created.
  • the System 100 via communication link 15 preferably will automatically make use of the Performance Subsystem 42 and the customer's investment program managed by the Policy Management Subsystem 32 to verify that the customer's overall objectives are being followed. Any non-conforming returns outside tolerance heuristics can be identified and internal staff automatically alerted through electronic communications mechanisms.
  • the Security Subsystem 44 involves the methods and means by which the System 100 maintains the integrity of its operations to insure that the proper actions are taken to protect the interests of the customers 52, channel partner 54, financial advisors 56, and other participants and consumers engaged in doing business with the System 100.
  • security provisions insure that the proper parties and proper action are taken.
  • Secure procedures for identification, and authorization of the customer, advisor, customer support, operations personnel, etc., as well as the enforcement of proper access and preventative action preferably is in place at each interface of the System.
  • the security equipment and programs applicable to such operations and requirements are known and are commercially available and are combined in such a way as to make the overall System secure.

Abstract

La présente invention concerne un procédé informatisé qui permettra à des membres du public de créer, acquérir et surveiller directement et simultanément un programme d'investissement conçu sur mesure, et ce, en utilisant les services de divers conseillers en investissements indépendants, via un unique système interactif de l'Internet. De façon plus spécifique, ce procédé permettra à des individus, ou d'autres entités, désirant créer un portefeuille d'investissements financiers diversifié, d'utiliser l'Internet pour: (1) déterminer la structure du portefeuille d'investissements désiré; (2) sélectionner, parmi un certain nombre, des conseillers en investissements indépendants pour exécuter et gérer l'achat, la maintenance et/ou la vente de parties discrètes dudit portefeuille; et (3) surveiller, en temps réel, l'état desdits portefeuilles après leur création. Ce procédé unique permettra aux clients individuels de faire des choix en toutes connaissances de causes parmi les divers conseillers en investissements indépendants pour créer, surveiller et gérer des portefeuilles d'investissements discrétionnaires via l'utilisation de l'Internet.
PCT/US2000/040922 1999-09-23 2000-09-18 Procede pour faire des investissements financiers WO2001022341A1 (fr)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU12534/01A AU1253401A (en) 1999-09-23 2000-09-18 Method for making financial investments

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US15548399P 1999-09-23 1999-09-23
US60/155,483 1999-09-23

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WO2001022341A1 true WO2001022341A1 (fr) 2001-03-29

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WO2003005254A1 (fr) * 2001-07-05 2003-01-16 Estubroker Agencia De Valores, Sa Methode assistee par ordinateur d'orientation en temps reel de l'acquisition d'actifs financiers et de gestion automatique de leur vente
US6549888B1 (en) * 2000-03-14 2003-04-15 Agb2, Inc. Systems and methods for bonding information and services to assure the accuracy of the information and/or performance of services provided by a network server
US11079896B2 (en) 2015-12-29 2021-08-03 Emd Millipore Corporation Interactive system and method of instrumenting a bio-manufacturing process
US20220358499A1 (en) * 2021-05-07 2022-11-10 Jpmorgan Chase Bank, N.A. Method and system for autonomous portfolio platform management
IT202100017510A1 (it) * 2021-07-02 2023-01-02 Jarvit Srl Sistema e metodo per la gestione di piani finanziari e documenti aziendali

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US5864828A (en) * 1987-04-15 1999-01-26 Proprietary Financial Products, Inc. Personal financial management system for creation of a client portfolio of investment and credit facilities where funds are distributed based on a preferred allocation
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US6021397A (en) * 1997-12-02 2000-02-01 Financial Engines, Inc. Financial advisory system

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US5864828A (en) * 1987-04-15 1999-01-26 Proprietary Financial Products, Inc. Personal financial management system for creation of a client portfolio of investment and credit facilities where funds are distributed based on a preferred allocation
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US5893079A (en) * 1994-12-13 1999-04-06 Fs Holdings, Inc. System for receiving, processing, creating, storing, and disseminating investment information
US6021397A (en) * 1997-12-02 2000-02-01 Financial Engines, Inc. Financial advisory system

Cited By (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6549888B1 (en) * 2000-03-14 2003-04-15 Agb2, Inc. Systems and methods for bonding information and services to assure the accuracy of the information and/or performance of services provided by a network server
WO2003005254A1 (fr) * 2001-07-05 2003-01-16 Estubroker Agencia De Valores, Sa Methode assistee par ordinateur d'orientation en temps reel de l'acquisition d'actifs financiers et de gestion automatique de leur vente
US11079896B2 (en) 2015-12-29 2021-08-03 Emd Millipore Corporation Interactive system and method of instrumenting a bio-manufacturing process
US20220358499A1 (en) * 2021-05-07 2022-11-10 Jpmorgan Chase Bank, N.A. Method and system for autonomous portfolio platform management
IT202100017510A1 (it) * 2021-07-02 2023-01-02 Jarvit Srl Sistema e metodo per la gestione di piani finanziari e documenti aziendali
EP4113420A1 (fr) * 2021-07-02 2023-01-04 Jarvit S.r.l. Système de suivi, d'identification et de cryptage de plans financiers et de documents d'entreprise et procédé associé

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