Patent ID: 8442889
Filing Date: 2013-05-14
Classification: G06Q

Abstract:
1. A system for managed investment in securities by allocation of assets among a group of asset classes in an investment portfolio recommended according to an investor's responses to a questionnaire and without requiring or enabling the investor to choose individual securities or funds in which to invest, the system comprising: a computer, a display, a data storage device and a communications device, the computer configured to present on the display an investor questionnaire comprised of a plurality of questions pertaining to a) a number of years which the investor will contribute funds to be invested in a portfolio, b) a number of years which the investor will want to withdraw funds from the portfolio, and c) the investor's tolerance for fluctuation in the value of the portfolio, and select buttons for responses to the plurality of questions whereby the display functions as an input device for inputting responses from the investor to the plurality of questions; the data storage device configured to receive and store the input responses; the computer configured to identify and access one or more recommended portfolios from a plurality of model portfolios stored in the data storage device, each of the plurality of portfolios having different allocations of assets among a group of asset classes, the recommended portfolios being selected by the computer based upon the input responses and represented to the investor on the display by asset class allocation percentages only without identifying to the investor any individual securities or fund holdings in the recommended portfolios; the computer further configured to determine a correlation between the investor's input responses to the questionnaire and the recommended portfolios from which a recommended portfolio is recommended to the investor by presentation on the display based upon the investor's responses to the questionnaire, wherein a recommended portfolio is selectable by the investor by selection on the display and the investor is restricted from changing the recommended portfolio by adding or deleting any individual securities or fund holdings in the recommended portfolio, wherein a listing of securities holdings in the recommended portfolio is presented to the investor only after selection by the investor of the recommended portfolio.