Patent ID: 6470325
Filing Date: 2002-10-22
Classification: G06Q

Abstract:
A method of managing a mutual fund brokerage wherein subscribers, intending to purchase mutual fund portions in at least one mutual fund, enter into a service contract with the mutual fund brokerage for a predetermined duration wherein:each subscriber pays to the brokerage a fixed predetermined subscription charge; the brokerage maintains a separate portfolio of mutual fund portions for each subscriber and a separate subscriber's account balance including payments of the subscription charges received from each subscriber; the brokerage executes a number of mutual fund portion purchase/sell transactions on behalf of a trading subscriber with a target mutual fund selected by the trading subscriber; and one hundred percent of all service fees that are received by the brokerage in respect of each individual subscriber's mutual fund portions from each paying mutual fund are deposited in full in each said individual subscriber's account balance apportioned pro rata for each portion of said paying mutual fund in each said individual subscriber's portfolio.