Patent ID: 8447681
Filing Date: 2013-05-21
Classification: G06Q

Abstract:
1. A system for administering a destination fund having a guarantee in an investment program, the system comprising: a monitoring module configured to determine destination fund eligibility, the monitoring module being configured to receive data including a value of investments relating to one or more investors, determining based on the received data whether the investor is eligible to participate in the destination fund, and responsive to a determination that the investor is eligible, providing an output signal indicative of eligibility; a fund initiation module configured to activate a destination fund account of the investor, the activating comprising investing in the destination fund, wherein the destination fund has a predetermined ratio of equity and non-equity investments; an administration module configured to activate a guarantee associated with an account in the destination fund responsive to receipt of investor decision to commence withdrawals, to access a predetermined threshold minimum balance of the destination fund account, to compare the predetermined threshold minimum balance to an account value adjusted in response to excess withdrawals, based on the result of the comparison to determine that one or more guarantee payments are to be made, to provide an output signal including data indicative of the one or more guarantee payments and to divest assets and to reinvest proceeds of the divested assets to maintain the destination fund within a predetermined range of a predetermined ratio of equity and non-equity investments, the ratio of equity investments exceeding the ratio of non-equity investments; and a payment system configured to, responsive to receiving the output signal including data indicative of one of the guarantee payments, effect the guarantee payment to a recipient in accordance with the data in the output signal, wherein the monitoring module is configured to compare current time data to a predetermined threshold age of the investor and to compare the value of investments to a threshold minimum value of investments, wherein the monitoring module is further configured to compare a current investor age to a first threshold age, responsive to determining that the current investor age is greater than the first threshold age, and responsive to determining that the value of assets meets the threshold minimum, to determine that the investor is eligible to participate in a destination fund, and responsive to determining that the current investor age is less than the first threshold age, comparing the current investor age to a second threshold age younger than the first threshold age and comparing a current ratio of equity to non-equity investments to a second threshold minimum ratio of equity investments to total investments, and, responsive to determining that the current investor age is greater than the second threshold age and that the current ratio of equity to non-equity investments is below the second threshold minimum ratio, determining that the investor is eligible to participate in the destination fund.