Facilitating shareholder voting and associated proxy rights
US11551175B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Sep 18, 2020 |
| Grant date | Jan 10, 2023 |
| Priority date | — |
| Expiry date | Sep 28, 2040 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q2230/00
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
An asset management platform including a payment server configured to process payments and hold security assets on behalf of a plurality of user accounts, each of the plurality of user accounts holding fractional shares of a common equity with associated shareholder voting rights. The asset management platform includes a mobile application executing on devices of users associated with the user accounts and provides a user interface to submit a shareholder vote associated with a voting instruction. The payment server receives the shareholder votes from each of user accounts and determines a first set of shareholder votes of whole share amounts and a second set of shareholder votes of fractional share amounts. The payment server identifies a group of fractional votes from the second set of votes and collates the group of fractional votes to create an aggregated fractional vote equal to one or more shareholder votes. The first set of shareholder votes and the aggregated fractional vote can then be submitted as shareholder votes for the group of user accounts.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.