Patent ID: 6928416
Filing Date: 2005-08-09
Classification: G06Q

Abstract:
1. A method for assessing investment management fees to accounts, wherein the accounts are maintained in an investment management system, wherein the accounts are held by a plurality of participants in a virtual client, wherein each of the participants has at least one account, wherein each account is assigned to a respective one of a plurality of product categories, wherein said assessing fees comprises: for each of the plurality of product categories, calculating a product volume fee for each account using a computer system; determining a group discount for the virtual client, wherein the group discount is based on market value in all accounts for the plurality of product categories in the virtual client, wherein the group discount is based on a single group discount rate, and wherein the group discount rate is applied to each of the respective accounts in the virtual client; determining an adjuster for each account in the virtual client, wherein, for each respective account, the adjuster is based on market value of the respective account in the virtual client, wherein each of the adjusters is based on a respective adjuster discount rate, and wherein the adjuster discount rates vary with the market value of the respective accounts in the virtual client; calculating a fee for each respective account based on the product volume fee for the respective account, the group discount, and the adjuster for the respective account; and billing the participants for the calculated fees on a periodic basis using the computer system.