Method, system and apparatus for wealth management

US7680719B1 · kind B1 · utility

Assignee

• Goldman Sachs & Co. LLC · US

Inventors

• Mairtin Brady · Greenwich, US
• Milda Darguzaite · Brooklyn, US
• Nilam Kapadia · Clifton, US
• Donough Kilmurray · London, GB
• Per Mikkelsen · Brooklyn, US
• Antonio Monteiro · New York, US
• Michael C. Smith · San Clemente, US

Key dates

• Filing date: Dec 13, 2006
• Grant date: Mar 16, 2010
• Expiry date: Jul 31, 2027

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

The invention enables a system user to create a scenario that includes an analysis resolution, portfolio component data and analysis environment data. Once the scenarios are established, the system user can conduct processing/modeling/analysis in order to optimize the portfolio allocation data—effectively maximizing the return on the component investments, while minimizing the risk exposure for the portfolio. In achieving the optimization, the system can process stored user or system defined scenarios based on a series of modeling/analysis system modules. Further, it is possible for a system user to model, analyze and compare multiple scenarios historically or prospectively. The system may provide wealth outcome analysis which allows a user to determine likely long term outcomes of a particular investment plan, while accounting for the tax consequences of the chosen plan. In an implementation, the system is configured to store the modeling/analysis results and generate a scenario report. Further, the system can be configured to generate the report in a standardized format and automatically distribute the report to designated recipients.