Patent ID: 8214276
Filing Date: 2012-07-03
Classification: G06Q

Abstract:
1. A computer program product for providing relative financial position data comprising: a nontransitory computer readable medium; and computer program code, encoded on the computer readable medium, comprising computer readable instructions which, when executed on a processor, perform a process for: obtaining a first individual's financial data, the first individual's financial data being associated with the first individual and including actual financial transactions associated with the first individual; obtaining one or more other individuals' financial data, the one or more other individuals being individuals other than the first individual, the one or more other individuals' financial data being associated with the one or more other individuals and including actual financial transactions associated with the one or more other individuals; defining one or more financial categorization criteria/parameters to identify similarly situated individuals, the similarly situated individuals having attributes in common with the first individual that are identified, at least in part, using the one or more financial categorization criteria/parameters; analyzing the one or more other individuals' financial data to identify one or more similarly situated individuals of the one or more other individuals, the similarly situated individuals being identified based, at least in part, on the one or more financial categorization criteria/parameters; comparing at least part of the first individual's financial data with at least part of the financial data associated with the one or more similarly situated individuals, the compared part of the first individuals financial data at least including the actual financial transactions of the first individual, the compared part of the similarly situated individuals financial data at least including the actual financial transactions of the similarly situated individuals; generating a graphical display, the graphical display being based, at least in part, on the comparison of at least part of the first individual's financial data with at least part of the financial data associated with the one or more similarly situated individuals, the graphical display indicating the first individual's financial position relative to the one or more similarly situated individuals; providing the first individual with the graphical display indicating the first individual's financial position relative to the one or more similarly situated individuals; and providing advice to the first individual regarding specific changes to make in order to align that first individual with the financial data associated with the one or more similarly situated individuals, the advice being based, at least in part, on the comparison of the financial transactions of the individual with the financial transactions of the similarly situated individuals.