Patent ID: 7315837
Filing Date: 2008-01-01
Classification: G06Q

Abstract:
1. A method for providing a communication medium over a wide area network, including the Internet, for the primary purpose of providing a financial modeling and counseling system comprising: providing financial modeling, wherein the financial modeling includes a profile of a user; directly providing to the user automated customized financial coaching in a web-based environment based on the financial modeling and reflecting the profile, wherein the customized financial coaching includes suggestions for changes to a current financial portfolio of the user, wherein the suggestions are presented in a natural language format, and wherein the suggestions include financial products and recommended securities for the user to purchase; displaying to the user a plurality of communication options with a live financial advisor in said web-based environment; enabling a communication medium between said user and the live financial advisor based on the user selected communication option whereby said live financial advisor provides live financial coaching such that said user is assisted in achieving financial goals and optimizing long-term goals; establishing a communication between said user and said live financial advisor transmitting streaming live video or still video clips upon the user's selection; establishing a plurality of service levels such that each of the service levels includes a unique combination of type of financial modeling, type of financial coaching, and amount of communication between the user and the live financial advisor; and selecting one of the plurality of service levels to determine the type of financial modeling, type of financial coaching, and amount of communication between the user and the live financial advisor available to the user in the financial modeling and counseling system.