Patent Publication Number: US-2016232614-A1

Title: Target date analyzer server system and method

Description:
RELATED APPLICATIONS 
     This application claims priority from U.S. Provisional Application No. 62/113,278, filed on Feb. 6, 2015, the entire contents of which are incorporated herein by reference. 
    
    
     BACKGROUND 
     As retirement plan participants approach retirement, their goals change from saving to protecting their savings and creating income to last throughout retirement. With longevities rising overall, combined with low levels of retirement savings, many plan participants are searching for financial options that provide equity-like gains in the years before retirement, and automated or managed transitions to less volatile, income-producing investments during their years of retirement. 
     Target date type funds are an investment product based on a defined investment strategy and asset allocation that changes over time based on a pre-determined investment horizon. Their popularity has grown over the past ten years, resulting in most large financial institutions providing a menu of different target date funds with different investment strategies and time horizons. As a result, the process of fund selection and analysis from the large pool of potential target date investment options remains a challenge. Investment professionals generally do not have access to investment tools that enable targeted selection and analysis of the underlying investment performance, risk, and holdings of target date funds. Consequently, the analysis of multiple funds and portfolios of funds with differing investment strategies comparing performance parameters of bundles of target date investments is generally not feasible using these systems. 
     SUMMARY 
     Some embodiments of the invention include an investment plan analysis server system comprising a computing device comprising at least one processor, and a non-transitory computer readable medium, having stored thereon, instructions that when executed by the computing device, cause the computing device to perform at least some operations within a local or consumer device. The operations comprising at least associating the local or consumer device with a provider device, and execution of a browser program to deliver personalized content within a website rendered on the local or consumer device. The personalized content comprises at least one investment comparison derived at least in part from information from the provider device for use in the investment plan. The operations include receiving at least a first selection input from a user through the local or consumer device. The operations also include enabling a first retrieval of at least a portion of a first plurality of information using at least one of a wireless communication interface and a wired communication interface. The first plurality of information comprises a client&#39;s asset range and participant profile, participant demographics, participant&#39;s average savings balance, tolerance for risk, manager diversification, and/or active or passive investment preference. Further, the operations include creating the personalized content by processing at least a portion of the first plurality of information by a processor to form a target date profile, where at least a portion of the target date profile is displayed as the personalized content on the local or consumer device. The operations also include receiving at least a second selection input from a user through the local or consumer device. Further, based at least in part on the second selection, the operations include enabling a second retrieval of at least a portion of a second plurality of information using at least one of a wireless communication interface and a wired communication interface. The second plurality of information comprises at least one of a retirement glide path type, retirement glide path risk, manager diversification, fund performance, investment vehicle type, share class or investment return rate, active or passive investment preference, investment product history, and/or investment product vintage. The operations also include causing a target date analysis server to perform a target date analysis by processing of at least a portion of the second plurality of information by a processor. The operations also include causing the target date analysis server to process and calculate a third plurality of information by at least in part retrieving financial data from a remote server system based at least in part on at least a portion of the second plurality of information. The operations also include displaying the personalized content by processing at least a portion of the third plurality of information by a processor based at least in part on a user&#39;s interaction with the website through the local or consumer device. 
     In some embodiments of the invention, at least a portion of the second plurality of information includes the first plurality of information. In some embodiments, the personalized content includes at least one investment or investment plan structured or defined by a specified target date. 
     In some embodiments, the displayed personalized content includes a display including at least one user-selectable or user-removeable investment option. In some embodiments, the at least one user-selectable investment option includes at least one investment or investment plan structured or defined by a specified retirement target date. 
     In some further embodiments of the invention, at least a portion of the second plurality of information comprises at least one plan name. In some other embodiments, the at least one plan name is configured and arranged to be defined or selected as a favorite plan. Further, some embodiments include at least one plan name or favorite plan that is displayed or selectable from a user dashboard. 
     In some embodiments of the invention, the user&#39;s interaction comprises a selection of a report option, and the personalized content is configured and displayed as a report including at least one asset comparison analysis, the at least one asset comparison analysis comprising at least one of a data chart and a data table. 
     In some embodiments, the personalized content includes data displayed as a retirement glide path. In some further embodiments, the retirement glide path comprises an equity to fixed-income investment glide path. In some embodiments, the personalized content comprises at least one asset comparison analysis, where the at least one asset comparison analysis comprises a data chart and/or a data table. 
     In some embodiments, the at least one asset comparison analysis comprises an asset return and risk analysis as a function of time period, where the time period extends to at least one of a three year or a five year period. In some further embodiments, the at least one asset comparison analysis comprises a standard deviation risk analysis as a function of time period, where the time period extends to a three year or a five year period. In some other embodiments, the at least one asset comparison analysis comprises a Sharpe Ratio risk analysis as a function of time period, where the time period extends to a three year or a five year period. 
     Some embodiments include at least one asset comparison analysis that comprises a total risk to percentage equity analysis. In some further embodiments, the at least one asset comparison comprises an up/down capture of investment return. In other embodiments, the at least one asset comparison comprises a performance summary of at least one investment vehicle. In some further embodiments, the at least one asset comparison comprises a summary of underlying investments of at least one investment vehicle and/or a display of the top ten holdings of at least one investment vehicle. 
     In some embodiments of the invention, the at least one asset comparison analysis comprises data from the remote server system comparing at least two different investment vehicles. In some other embodiments, the at least one asset comparison analysis comprises data from the remote server system that comprise investment vehicles from at least two different providers. 
    
    
     
       DESCRIPTION OF THE DRAWINGS 
         FIG. 1  illustrates a process flow chart of a target date analyzer server system in accordance with at least one embodiment of the invention. 
         FIG. 2  shows an example of a welcome screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 3  shows an example of a dashboard screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 4  illustrates a create plan screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 5  illustrates an introduction screen for the target date profiler generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 6  illustrates a demographics screen for the target date profiler generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 7  illustrates a savings balance screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 8  illustrates an acceptable volatility screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 9  illustrates a manager diversification screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 10  illustrates an active/passive investment strategy screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 11  illustrates a summary access screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 12  illustrates an example page from a target date profiler presentation or handout generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 13  illustrates a status and proceed screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIGS. 14, 15A-15D, and 16  illustrate examples of create plan screens generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIGS. 17A-17H, and 18-21  illustrate examples of target date filter screens generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 22  illustrates a report creation screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 23  illustrates a report download screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 24  illustrates an example of a favorites selection screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 25  illustrates a distribution screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 26  illustrates an account settings screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 27  illustrates an asset class selection summary display generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIGS. 28-31  illustrate asset class report screens generated by the target date analyzer server system in accordance with some embodiments of the invention. 
         FIG. 32  illustrates a glide path structure display generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 33  illustrates a target date series glide path comparison display screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 34  illustrates a portfolio construction and implementation screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 35  illustrates a manager diversification display screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 36  illustrates a three year performance display screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 37  illustrates a five year performance display screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIGS. 38-41  show display screens generated by the target date analyzer server system and method illustrating return and risk data comparisons in accordance with some embodiments of the invention. 
         FIGS. 42-43  show display screens generated by the target date analyzer server system and method illustrating total risk data comparisons in accordance with some embodiments of the invention. 
         FIG. 44  illustrates a display screen generated by the target date analyzer server system and method showing plots of three year up/down capture of target date investments in accordance with some embodiments of the invention. 
         FIG. 45  illustrates a display screen generated by the target date analyzer server system and method showing a summary of three year up/down capture of target date investments in accordance with some embodiments of the invention. 
         FIG. 46  illustrates a display screen generated by the target date analyzer server system and method showing plots of five year up/down capture of target date investments in accordance with some embodiments of the invention. 
         FIG. 47  illustrates a display screen generated by the target date analyzer server system and method showing a summary of five year up/down capture of target date investments in accordance with some embodiments of the invention. 
         FIG. 48  illustrates a performance summary screen generated by the target date analyzer server system and method showing target date investments in accordance with some embodiments of the invention. 
         FIG. 49  illustrates an executive summary screen of target date investments generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIGS. 50-51  illustrate examples of underlying investment performance and risk screens generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 52  illustrates an example of a holdings summary display screens generated by the target date analyzer server system and method for target date investments in accordance with some embodiments of the invention. 
         FIG. 53  illustrates an operations summary display screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. 
         FIG. 54  illustrates a computer system useful for performing operations of the target date analyzer system and method in accordance with some embodiments of the invention. 
     
    
    
     DETAILED DESCRIPTION 
     Before any embodiments of the invention are explained in detail, it is to be understood that the invention is not limited in its application to the details of construction and the arrangement of components set forth in the following description or illustrated in the following drawings. The invention is capable of other embodiments and of being practiced or of being carried out in various ways. Also, it is to be understood that the phraseology and terminology used herein is for the purpose of description and should not be regarded as limiting. The use of “including,” “comprising,” or “having” and variations thereof herein is meant to encompass the items listed thereafter and equivalents thereof as well as additional items. Unless specified or limited otherwise, the terms “mounted,” “connected,” “supported,” and “coupled” and variations thereof are used broadly and encompass both direct and indirect mountings, connections, supports, and couplings. Further, “connected” and “coupled” are not restricted to physical or mechanical connections or couplings. 
     The following discussion is presented to enable a person skilled in the art to make and use embodiments of the invention. Various modifications to the illustrated embodiments will be readily apparent to those skilled in the art, and the generic principles herein can be applied to other embodiments and applications without departing from embodiments of the invention. Thus, embodiments of the invention are not intended to be limited to embodiments shown, but are to be accorded the widest scope consistent with the principles and features disclosed herein. The following detailed description is to be read with reference to the figures, in which like elements in different figures have like reference numerals. The figures, which are not necessarily to scale, depict selected embodiments and are not intended to limit the scope of embodiments of the invention. Skilled artisans will recognize the examples provided herein have many useful alternatives and fall within the scope of embodiments of the invention. 
       FIG. 1  illustrates a process flow chart  100  of a target date analyzer server system according to one embodiment of the invention. In some embodiments, a user, such as a financial planner or other certified financial professional operating on behalf of a client or prospective client can log into one or more server-operated target date analyzer system through a website  105  or other conventional electronic portal to perform investment research and analysis, perform investment plan management, create investment plans, create plan reports, or perform administrative and/or account updates. As used herein, the term “client” or “clients” can be defined as one or more actual clients (i.e., at least one existing client or plan participant) or at least one prospective client (i.e., at least one potential future client or plan participant.) Further, the client can be any entity, person, or company representing one or more individuals with current or future investable assets. The target date analyzer server system and method can include various modules performing methods to enable the user to create, plan, analyze and report financial data related to target date type investments and investible assets that may interest the client. These target date analyzer server system modules can be accessible through one or more dashboard graphical user interface (hereinafter “GUI”) displays or display screens on a local or consumer device generated by the website  105 , and processed using one or more computer systems (e.g., such as computer system  5400  illustrated in  FIG. 54 ). 
     In some embodiments, the user can log into the target date analyzer server system and method using a single sign-on (“SSO”) connectivity module  110 . Once logged in, the user can proceed to a dashboard  115  to begin the process of planning, reporting, and performing administrative functions, or the user access user details through a server database  180 . In some embodiments, the target date analyzer server system and method can include plan management module  120 , and/or a report module  140 , and/or a user management module  160 . Any of the modules  120 ,  140 ,  160  can perform calculations and store results in non-transitory computer readable media using the computer system  5400 . Further, target date plan reports can be created and reports prepared and distributed to a user&#39;s local or consumer device based on one or more user-entered variables or selections. For example, in some embodiments, the plan management module  120  can comprise a create plan module  125 , select report module  130 , and a distribution center module  135 . These modules can facilitate the creation, report preparation, and distribution of investment plans to a user. In some embodiments, a reports module  140  can process a target date analyzer and questionnaire report  145 , a TDF report  150 , and a usage reports for administrative users (shown as  155 ). Further, a user management module  160  can include user details/administration  165 , and various customization modules  170 . In some embodiments, using the reports module  140 , the user can use the target date analyzer server system and method to prepare target dated investment analysis reports on behalf of a client or prospective client. In some embodiments, using the user management module  160 , the user can administer various activities and functions of the target date analyzer and/or customize at least portions of the target date analyzer. 
       FIG. 2  shows an example of a welcome screen  200  generated by the target date analyzer server system and method. In some embodiments, following the completion of the logon process described earlier, the target date analyzer can display the welcome screen  200  which can include access to various modules and options to enable a user to switch to various functional aspects of the target date analyzer server system and method. For example, in some embodiments, the target date analyzer server system and method can include a plurality of text and/or graphical access icons  210  that can enable a user to access various functions including, but not limited to a dashboard access icon  210   a , a create plan access icon  210   b , a favorites access icon  210   c , an account access icon  210   d , and a user video icon  210   e.    
     The dashboard access icon  210   a  can be used to access and launch a dashboard display. The create plan access icon  210   b  can be used to create an investment plan using one or more user inputs, selections, or preferences. The favorites access icon  210   c  can be used to access favorite plans or reports. The account access icon  210   d  can be used to access and/or set up a user account. The user video icon  210   e  can be used to access a user video, and/or to produce or compile a video related to an investment plan or investment option. The screen  200  can also include an introduction summary that includes; “The target date analyzer you are about to use is a powerful resource built primarily on independent data from Morningstar®, Inc., a trusted industry reporting organization. It was built to help you directly analyze the attributes that you and your client find important in a decision/review of target date investments—and it also directly addresses many of the important topics the Department of Labor (DOL) raises in their target date fiduciary tips. The analyzer is a great way to share your knowledge and value with clients and potential clients. You have the flexibility to build the reports you need based on the factors you find important, and it covers the various types of target date investments that Morningstar® monitors, and includes mutual funds, separate accounts, and collective investment trusts (“CITs”). Check with the plan service provider regarding availability of investment options on their platform. There are three types of reports available to you. The first is a profiler report. It&#39;s the output of your client&#39;s answers to a set of questions that are based on the Department of Labor (DOL) tips on target date investment options. It helps narrow down what your client wants and needs from a target date series. The second is a comparison report, which ultimately helps you present and compare the specific target date investment series that might best fit the needs of your client. You can filter potential investments by name, management style (active vs. passive), performance rankings, investment type, product history and more. The third type of report helps you support your client after they make their target date investment decision. The monitoring report helps you deliver value to your client on an ongoing basis by allowing you to build (and then subsequently refresh) a monitoring report for the target date investment series your client has elected. With data updated on a quarterly basis, the target date analyzer provides an easy way to help your clients review their plan&#39;s target date fund series for investment fiduciary purposes and helps solidify you in the role of a trusted financial professional. The target date analyzer may not be approved for use with all broker-dealers. Contact your home office to determine if it&#39;s approved with your firm.” 
     In some embodiments, once a user (e.g., such as a certified financial planner or other financial professional) has established an account (e.g., by accessing icon  210   d ), the target date analyzer server system and method can direct the user to a dashboard display screen that can display one or more target date plan reports. For example,  FIG. 3  shows an example of a dashboard screen  300  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some embodiments, the dashboard display screen  300  can list all plan reports the user has created (shown as table  320 ). Further, the dashboard display screen  300  can enable a user to create a new plan report (e.g., using entry field  315 ), and/or search for a created plan report using search plan function  310 . In some embodiments, the display screen  300  can be used to create and/or display a list of plan reports (‘plan name’), with plan IDs, asset ranges, and participant ranges. In some embodiments, the dashboard can display a share icon (arrow  322 ) next to the plan name for distributing the reports. In some embodiments, plans can be listed by default by plan name, and the user can re-organize the list by clicking on the header name. This can provide the user with the ability to organize the list in ascending or descending order by plan name (alphabetical order), asset range, and participant range, download date for either report (recent date to latest date or vice versa). In some embodiments, along with the plan name, the target date analyzer server system and method can display a plan ID, a profiler edit and history, report type, and client type (e.g., existing or possible client). 
     In some embodiments, from the dashboard display screen  300  and/or the welcome screen  200 , a user can start a new plan report (e.g., by accessing create plan icon  210   b ). For example,  FIG. 4  illustrates a create plan screen  400  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some embodiments, by using the screen  400 , the user can create one or more plans for analysis and reporting by the target date analyzer. The user can also select a plan ID  415 , the client type  417 , the asset range  419 , and the participant range  421  by selecting from drop-down menus. Further details of plan creation are described in  FIGS. 15A-15D . Other selection processes can be used in some embodiments; for example, in some embodiments, the user can enter data inputs in place of or in addition to selecting from drop-down menus. In some embodiments, the target date analyzer system and method can include type-ahead functions to enable ease of selection of one or more parameters. After a user has made one or more selections or entries in screen  300 , the user can launch an analysis and/or can save the plan selections. 
       FIG. 5  illustrates an introduction screen  500  for the target date profiler  510  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. Using one or more sections of a target date profiler  510 , the user can review an introduction and enter information related to a client. For example, by accessing an introduction section  512 , an introduction window  512   a  can be displayed to the user. Further, the user can enter information by accessing one or more tabs, including, but not limited to, a demographics tab  514 , a savings balance tab  516 , an acceptable volatility tab  518 , a manager diversification tab  520 , and/or an active/passive tab  522 , and can review one or more summaries using the summary tab  524 . For example, following a user access of demographics tab  514 , a demographics screen  600  ( FIG. 6 ) can be displayed for the target date profiler  510  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some embodiments, using this screen  600 , the user can be provided with an option to enter the age or age range of the user&#39;s client or plan participant base using question window  610 . In some embodiments, the user can receive at least some guidance or explanation using the explanation window  615 . 
     In some embodiments, the user can enter financial information about one or more of the user&#39;s client base including the average savings of the plan participant base. For example,  FIG. 7  illustrates a savings balance screen  700  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some embodiments, this screen can be used by the user to enter a savings balance of one or more clients. For example, using this screen  700 , the user can be enabled with an option to enter the average savings of the plan participants of the user&#39;s client or plan participant base using question window  710 . In some embodiments, the user can receive at least some guidance or explanation using the explanation window  715 . In some embodiments, the window  710  can include answer choices including, but not limited to, “less than $50,000”, “$50,000-$ 2 50,000”, “$251,000-$500,000”, and/or “More than $500,000”. In some embodiments, the window  710  can include more than one question and more than one set of user-selectable answers. 
     In some embodiments of the invention, the target date analyzer server system and method can enable a user to enter investment preferences. For example,  FIG. 8  illustrates an acceptable volatility screen  800  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. Using the question window  810 , the user can enter or select an answer to a question related to how a plan sponsor views an acceptable amount of volatility for participants within the retirement plan. Further, the user can receive at least some guidance or explanation using the explanation window  815 . In some embodiments, the window  810  can include at least one question and at least one set of user-selectable answers. For example, in some embodiments, the question can comprise “Which of the following describes the plan sponsor&#39;s view on the amount of acceptable volatility for participants within the retirement plan?” In some embodiments, the displayed answers can include “Low—the plan sponsor believes participants would rather have small returns than risk losing the value of their balances”, and/or “Medium—the plan sponsor believes participants would like to earn higher returns over time and accept the occasional large downturns”, and/or “High—the plan sponsor believes participants desire the highest possible returns over time and can accept periods of large losses in the process.” 
     In some embodiments, other investment preferences can be entered by the user. For example,  FIG. 9  illustrates a manager diversification screen  900  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. Using this screen  900 , the user can enter information related to a client&#39;s preference for investment manager diversification. For example, using the question window  910 , the user can enter or select an answer to a question related to a client&#39;s preference for investment manager diversification within the retirement plan. Further, the user can receive at least some guidance or explanation using the explanation window  915 . In some embodiments, the window  910  can display at least one question and at least one answer. In some embodiments, the question can comprise “Do you believe it is important to provide participants with exposure to a variety of investment managers”. In some embodiments, the window  910  can include a yes or no answer choice. 
     In some embodiments, the user can enter information related to a client&#39;s preference for active management, passive management, or mixtures thereof. For example,  FIG. 10  illustrates an investment strategy screen  1000  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some embodiments, the user can select one or more preferences related to one or more investment goals. For example, using the question window  1010 , the user can enter or select an answer to a question related to a client&#39;s preference for achieving a desired performance within a retirement plan. In some embodiments, the window  1010  can display at least one question and at least one answer. In some embodiments, the question can comprise “What does the appropriate plan fiduciary believe is more important—achieving performance near that of the broad market, at the lowest investment expense possible or having more potential to outperform the broad market with a reasonable level of added investment expense”. In some embodiments, the window  910  can include an answer of “The goal of achieving performance near that of the broad market at the lowest possible investment expense”, and/or an answer of “The goal of having greater potential to outperform the broad market with a reasonable level of added investment expense”. Further, the user can receive at least some guidance or explanation using the explanation window  1015 . 
     In some embodiments, the target date analyzer server system and method can enable a user to review results related to information provided as part of the target date profiler module of the target date analyzer server system and method. For example,  FIG. 11  illustrates a summary access screen  1100  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some embodiments, using this screen  1100 , and view summary icon  1110 , the user can view a summary of previously entered data. Further, in some embodiments, using the apply icon  1115 , the user can apply one or more entered, selected or created data to at least one target date analysis performed by the target date analyzer server system and method. Further, in some embodiments, the user can view a profiler presentation or handout to assist the user with client interaction and target date planning. For example,  FIG. 12  illustrates an example page  1200  from a target date profiler presentation or handout generated by the target date analyzer server system and method in accordance with some embodiments of the invention. Further,  FIG. 13  illustrates a ‘status and proceed’ screen  1300  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some embodiments, using this screen  1300 , the user can proceed with at least one target date analysis for at least one client. In some embodiments, information related to the at least one target date analysis can be displayed in a booklet, presentation, or other informational format for review by the user as described above. 
       FIGS. 14, 15A-15D, and 16  illustrate examples of create plan screens generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some embodiments, a user can customize a plan and reporting of data from the plan using one or more drop-down menus. For example, in some embodiments, a report type menu  1510  can be used to select from a list of reports including a “Profiler Report”, and/or a “Comparison Report”, and/or a “Monitoring Report”. In some embodiments, a “plan name” menu  1520  can be used to select one or more plans, and a “plan ID” menu  1530  can be used to select from a list of plan IDs. In some embodiments, the “Client Type” menu  1540  can be used to select a type of client.  FIG. 15A  shows selection between an existing or prospective client ( 1540   a ). Further, in some embodiments, the “Asset Range” menu  1545  can be used to select a certain range for assets, and a “Participant Range” menu  1550  can be used to select participant ranges. Further, for example,  FIG. 15B  shows a selection menu  1545   a  from the menu  1545 , and  FIG. 15C  shows a selection menu  1550   a  from the menu  1550 . Other selectable menus can include a “Presented to” menu  1555  to define the audience or viewer, and “Date Display”  1565  can be used to select a date or date range for the plan or report. For example,  FIG. 15D  shows the drop-down calendar  1565   a  from menu  1565 . Further,  FIG. 16  shows date selection  1565   b  following a date selection from “Date Display”  1565 . Other contacts for the plan or report can be selected from an “Add another contact” menu  1560 . 
       FIGS. 17A-17H , and  FIGS. 18-21  illustrate examples of target date filter screens generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some embodiments, filters can provide the user with control over the target date fund series they wish to include in their report for analysis. In some embodiments, any information entered into the target date profiler  510  can be used or applied to one or more of the data filters (e.g., by entering information or selecting options and using the apply icon  1115  to apply one or more entered, selected or created data to at least one target date analysis performed by the target date analyzer server system and method.) In some embodiments of the invention, once the user has applied all applicable filters, the user can chose the fund series to compare. For example, in some embodiments, the user can compare a plurality of different fund series. Once the fund series are selected, the user can choose to customize the report. Some further optional choices can be provided to the user. In some embodiments, drop-down menus can be used to perform specific filter selections, although other conventional web-page selection methods can also be used. For example, referring at least to  FIG. 17A , the target date filter screen  1700  can include a plan name field  1705  identifying a client&#39;s plan. In some embodiments, a favorite can be selected using the icon  1755 , and a logo can be added using the “add logo” function  1760  (e.g., see  FIG. 21 , the display screen  2100 , showing drop-down menu  1755   a ). Further, the fund name field  1715  can be used to select one or more funds. In some embodiments, target date fund filters can include fund name, type, and share class and/or rate level. In some embodiments, the target date analyzer can offer the ability to search for or limit target date funds to those found by typing a name. Further, as the user types, results can be automatically populated in the field. In some example embodiments, options can include: ‘All Fund Types’, ‘To Funds’, or ‘Through Funds’ (shown as menu  1720   a ) of the menu  1720 . In some embodiments, using this option, the selected option can limit target date filters visible in the list to select from to those subject to the option chosen. In some embodiments, the options can be in a drop down menu selectable by the user, and the all fund types will be the default. Other user selectable menus include menu  1725  to select manager diversification, menu  1730  to select performance ranges, and menu  1735  for fund vehicle types. For the vehicle type, the options can include ‘select all’ (default option), ‘open end funds’, and ‘separate accounts/CITs (including separate accounts, CITs, GRPAs, and private funds), and more than one option can be selected by the user. In some embodiments, using a share class option (menu  1740 ), target date funds displayed can be limited to those specified by share class. All shares classes can be available in a drop down, and “Institutional Share Classes” can be the default. The user can select multiple share classes in the filter by clicking next to the desired share class. In some embodiments, share class discrepancies can be reviewed with the financial institution. In some other embodiments, other options include ‘active or passive’ (menu  1745 ). For the ‘active or passive’ option (available through a dropdown menu), options can be ‘all funds’, ‘majority active &gt;50%’, and ‘majority passive &gt;50%’. In some further embodiments, using menu  1750 , the user can select ‘product history’ or ‘performance options’. By selecting the ‘product history’ option from a dropdown menu, the user can be provided with an option to select target date fund history over various time periods. In some embodiments, using the performance option, the user can apply filters to screen for fund performance over specific periods. 
     Referring to  FIG. 17B , the display screen  1701  shows a drop-down menu  1722   a  from menu  1720  where a user can be enabled to select a risk tolerance level. Referring to  FIG. 17C , the display screen  1703  shows the drop-down menu  1725   a  from the menu  1725 , where a user can be enabled to select a preferred fund management. Referring to  FIG. 17D , an example embodiment including some defined filters is shown in the display screen  1704 , with a moderate risk selection  1722   a  and a single manager selection  1725   b . A selection of majority active  1745   b  is also shown from the ‘active or passive’ menu  1745 . 
     Referring to  FIG. 17E , in some embodiments, the display screen  1706  can render a drop-down menu  1730   a  from the menu  1730  to enable a user to select performance ranges. Referring to  FIG. 17F , the display screen  1707  can include an “Exclude from bottom Quartile”  1730   b  selection from the menu  1730   a . Further, drop-down menu  1737   a  is shown from a time period menu  1737  that can be displayed when a user makes a performance selection from menu  1730 . In this example embodiment, a user selection menu  1737   a  is displayed with a selection shown representing a performance period of three years. Referring to  FIG. 17G , the display screen  1708  is shown from menu  1735  for fund vehicle types, the drop-down menu  1735   a  is shown where a user can select from vehicle types. Further, referring to  FIG. 17H , the display screen  1709  can show a drop-down menu  1740   a  from share class menu  1740 , where a user can select from a plurality of share classes as described earlier. 
     Referring to  FIG. 18 , in some embodiments, the display screen  1800  can include an embodiment with a drop-down menu  1745   a  from the active/passive style menu  1745  that can enable a user to define a fund or investing style. Further, referring to  FIG. 19 , the display screen  1900  can include an example embodiment of a drop-down menu  1750   a  from a menu  1750  for selecting a ‘product history’. Referring to  FIG. 20 , the display screen  2000  includes an example embodiment of a drop-down menu  1757   a  from a menu  1757  for a target fund vintage selection. The display screen  200  also shows a prior user selection  1737   b  of a three year performance date range (shown after selection from menu  1737   a  described above). 
     In some embodiments of the invention, the window  1770  can provide a list of one or more funds (such as select target date series funds) from which a user can select, add, remove, or remove all (using controls  1775 ). Selected share classes or rates can be shown in window  1780 . Once selections are complete, the user can generate a report using data filtered by one or more of the previous selections using action icon  1785 . In some embodiments, the user can exit the analyzer filter screens to go back to a profiler section at any time using icon  1799  (shown in  FIG. 17D ). 
     In some embodiments, the user can be provided with an option to create, download, and/or print customized reports. For example,  FIG. 22  illustrates a report creation screen  2200  generated by the target date analyzer server system and method in accordance with some embodiments of the invention, and  FIG. 23  illustrates an associated report download screen  2300  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. Using this function, the user can be provided with the ability to customize reports by modifying various features or by creating and saving, in advance, scenarios to reuse at a later date for different clients (e.g., using customize report order window  2210  shown in  FIG. 22 ). 
     Some embodiments of the invention enable a user to create one or more scenarios. For example,  FIG. 24  illustrates an example of a favorites selection screen generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some embodiments, the user can set up or define filters for favorites using selection menus similar to those described for target date analyzer filtering above. In some embodiments, the user can select a favorite from menu  2410 , duplicate the favorite (selector  2460 ), and add a logo (selection function  2465 ). A favorite name can be defined using field  2415 . Selection drop-down menus can include, but not be limited to, menu  2420  for selection of a preferred glide path (“to/through”), and/or menu  2425  for a selection of glide path (“equity risk”), and/or menu  2430  (for manager diversification), and/or menu  2435  (for fund or investment vehicle type), and/or menu  2440  (for vehicle type), and/or menu  2445 , and/or menu  2450  (for active or passive investment preference), and/or menu  2455  (for share class or rate select). In some embodiments, any selected or defined favorite can be saved for later access, or duplicated for reuse for modification. In some embodiments, the glide path can comprise a retirement asset composition as a function of time. In some embodiments, the composition can change based on the time before and/or after a plan participant&#39;s expected retirement age. In some embodiments, the glide path can be calculated up to a specified retirement age of a plan participant. In other embodiments, the glide path can be calculated through and after the plan participant expects to retire. The calculated glide path will usually change over time before and after a plan participant&#39;s expected retirement date. Further, in general, the asset allocation (e.g., percentage of equity versus fixed income or bonds) will be higher in the glide path before the plan participant&#39;s projected or specified retirement age, and lower in the portion of the glide path after before and after the plan participants projected or specified retirement age. 
     In some embodiments, the user can distribute one or more reports to contacts within the financial institution. For example,  FIG. 25  illustrates a distribution screen  2500  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. Using this feature, the user can be enabled with an option to email one or more reports. For example, using the window  2510 , the user can select a distribution tab to proceed with the report distribution process. 
     Some embodiments of the invention include the ability for the user to update account information. For example,  FIG. 26  illustrates an account screen  2600  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. From screen  2600 , the user can be enabled to change and update name, address, and contact information using a plurality of account setting fields  2610 . 
     In some embodiments, the target date analyzer server system and method can create one or more target date comparison or investment analysis reports which can be stored in a non-transitory computer readable medium and/or printed or electronically shared. In some embodiments of the invention, the target date analyzer server system and method can calculate using at least one computer processor and display asset class reports as a function of asset class. The reports can include competitive analysis for prospecting, final presentations, or for evaluating new investment alternatives and/or for providing a monitoring report for an existing client or prospective client. In some embodiments, the user can use the target date analyzer to display charts showing asset class information for one or more competitor funds. As an example, in some embodiments of the invention, the target date analyzer server system and method can display an overall summary of at least one asset class selection. For example,  FIG. 27  illustrates an asset class selection summary display screen  2700  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some embodiments, where the user has selected a comparative analysis, the target date analyzer server system and method can display an overall summary comprising a legal name of a plurality of funds from one or more fund companies. As shown, the display screen can include a list of asset classes and asset sub-classes, with assets ticked if the specific fund holds the asset class or asset sub-class. 
     In some embodiments, the asset class information can display charts showing asset class information displayed as a fixed income percentage ( FIG. 28 ). For example, comparative analysis screen  2800  illustrates a plot  2810  of the asset class selection as a percentage of the portfolio in fixed income versus target date, with table  2815  showing the data in a tabulated format. In some further embodiments, the asset class information can display charts showing asset class information displayed as an equity portfolio percentage ( FIG. 29 ). For example, comparative analysis screen  2900  illustrates a plot  2910  of the asset class selection as a percentage of the portfolio in equity versus target date, with table  2915  showing the data in a tabulated format. In some other embodiments of the invention, the asset class information can display charts showing asset class information displayed as a real assets percentage ( FIG. 30 ). For example, comparative analysis screen  3000  illustrates a plot  3010  of the asset class selection as a percentage of the portfolio in real assets versus target date, with table  3015  showing the data in a tabulated format. In some other embodiments, the asset class information can display charts showing asset class information displayed as percentage of the portfolio in alternative strategies ( FIG. 31 ). For example, comparative analysis screen  3100  illustrates a plot  3110  of the asset class selection as a percentage of the portfolio in alternative strategies versus target date, with table  3115  showing the data in a tabulated format. 
     In some embodiments of the invention, the target date analysis can calculate using at least one computer processor and display a retirement glide path showing asset fund allocation as a function of years to retirement and/or years after retirement. For example, in some embodiments, the target date analyzer server system and method can calculate and display a glide path comprising a plot of asset classes over a period of time, and can save data relevant to the glide path display in a non-transitory computer readable medium and/or prepare and distribute the information to a display, or to a physical file or report. In some embodiments, the period of time can cover at least a period covering a client&#39;s number of years to retirement (i.e., years until retirement) and/or years after retirement. For example,  FIG. 32  illustrates a glide path structure display  3200  generated by the target date analyzer server system and method, with plot  3210  showing the blend of fixed income to equity for a series of target date funds covering a period in years until retirement and a period covering years after retirement. In some embodiments, the data can also be displayed and viewed in a tabulated format using table  3215 . 
     In some embodiments, the glide paths for multiple competitors can be viewed on separate charts or tables within the analysis and/or report within a single or multiple display screens. For example,  FIG. 33  illustrates target date series glide path comparison display screen  3300  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. As shown, in some embodiments, glide paths for four competitor target date funds can be compared on the same display screen (shown as plots  3310 ,  3315 ,  3320 , and  3325 ). In some embodiments, this can enable a user to compare glide path approaches, enabling differences and similarities to be shown and compared, including differences in various asset class weightings such as US equity, non-US equity, fixed income, and real assets. 
     In some embodiments of the invention, the target date analyzer server system and method can display a portfolio construction and implementation summary of one or more competitor target date funds. For example,  FIG. 34  illustrates a portfolio construction and implementation summary screen  3400  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some embodiments, for one or more funds  3405 , the target date analyzer can display the details of one or more target date fund structures (shown as  3410 ) including, but not limited to the number of underlying holdings, the percentage of passive exposure, the percentage of active exposure, the percentage of funds managed by affiliated managers, and the percentage of funds managed by unaffiliated managers. 
     In some embodiments of the invention, the target date analyzer system and method can provide an analysis of fund manager diversification for one or more target date funds under consideration for a client&#39;s portfolio. For example,  FIG. 35  illustrates a manager diversification display screen  3500  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some embodiments, the target date analyzer system and method can display the number of managers of underlying investment options of one or more competitor funds (shown as plot  3510  as a function of fund). 
     In some embodiments of the invention, the target date analyzer server system and method can display performance information for one or more competitor funds. For example, in some embodiments, the target date analyzer server system and method can display information comparing the investment return performance of one or more target date funds as a function of time and compared with an investment benchmark. In some embodiments, the investment benchmark can comprise one or more index return benchmarks. In other embodiments, the benchmark can comprise the investment return performance of one or more peer funds, or a group of peer funds. For example,  FIG. 36  illustrates an example of a three year performance display screen  3600  generated by the target date analyzer server system and method, and  FIG. 37  illustrates a five year performance display screen  3700  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. As shown, in some embodiments, the target date analyzer server system and method can display a comparison of a plurality of target date series funds comparing percentage performance over various time periods. Further, the comparison can include financial data comprising a comparison of index target and a peer group target provided by a third party. For example, plot  3610  in the example embodiments of  FIG. 36  includes a three year percentage performance as a function of time, and plot  3710  in the example embodiment of  FIG. 37  includes a five year percentage performance. Further, tabulated data for performance is shown in tables  3620 ,  3715  in  FIGS. 36, and 37  respectively. 
     In some embodiments of the invention, the target date analyzer server system and method can display return and risk information for one or more competitor funds with comparisons to benchmarks. For example, in some embodiments, the target date analyzer server system and method can display information comparing the investment risk of one or more target date funds as a function of time and compared with an investment benchmark. In some embodiments, the investment benchmark can comprise one or more index return benchmarks. In other embodiments, the benchmark can comprise the total investment risk of one or more peer funds, or a group of peer funds. For example,  FIG. 38  illustrates a three year standard deviation display screen  3800  generated by the target date analyzer server system and method, and  FIG. 37  illustrates a five year standard deviation display screen  3900  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. As shown, in some embodiments, the target date analyzer server system and method can display a comparison of a plurality of funds comparing percentage performance over various time periods. Further, the comparison can include a comparison of financial data including index target and a peer group target provided by a third party. For example, plot  3810  includes three year standard deviation performance as a function of time, and plot  3910  includes a five year standard deviation, while tabulated standard deviation data is shown in tables  3815 ,  3915 . In some embodiments, the standard deviation can be defined as, “A statistical measurement of dispersion about an average, which, for a mutual fund, depicts how widely the returns varied over the past three years. Investors use the standard deviation of historical performance to try to predict the range of returns that are most likely for a given fund. When a fund has a high standard deviation, the predicted range of performance is wide, implying greater volatility. Standard deviation is most appropriate for measuring risk if it is for a fund that is an investor&#39;s only holding. The figure cannot be combined for more than one fund because the standard deviation for a portfolio of multiple funds is a function of not only the individual standard deviations, but also of the degree of correlation among the funds&#39; returns. If a fund&#39;s returns follow a normal distribution, then approximately 68 percent of the time they will fall within one standard deviation of the mean return for the fund, and 95 percent of the time within two standard deviations. Morningstar® computes standard deviation using the trailing monthly total returns for the appropriate time period. All of the monthly standard deviations are then annualized.” 
     In other embodiments of the invention, the benchmark can comprise the total investment risk of one or more peer funds, or a group of peer funds defining a Sharpe ratio analysis. In some embodiments, the Sharpe ratio can be defined as calculated by using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the fund&#39;s historical risk-adjusted performance. The Sharpe ratio can be calculated for the past 12-month period by dividing a fund&#39;s annualized excess returns by the standard deviation of a fund&#39;s annualized excess returns. Since this ratio uses standard deviation as its risk measure, it is most appropriately applied when analyzing a fund that is an investor&#39;s sole holding. The Sharpe Ratio can be used to compare two funds directly on how much risk a fund had to bear to earn excess return over the risk-free rate. For example,  FIG. 40  illustrates a three year standard deviation display screen  4000  generated by the target date analyzer server system and method, and  FIG. 41  illustrates a five year standard deviation display screen  4100  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. As shown, in some embodiments, the target date analyzer server system and method can display a comparison of a plurality of funds comparing percentage performance over various time periods. Further, the comparison can include a comparison of financial data including index target and a peer group target provided by a third party. For example, plot  4010  includes three year standard deviation performance as a function of time, and plot  4110  includes a five year standard deviation, while tabulated data standard deviation data is shown in tables  4015 ,  4015 . 
       FIGS. 42-43  show display screens generated by the target date analyzer server system and method that illustrate total risk data comparisons in accordance with some embodiments of the invention. As shown, in some embodiments, the target date analyzer server system and method can display a comparison of the total risk of a plurality of target date series funds comparing total risk over various time periods. Further, the comparison can include a comparison of financial data including index target risk provided by a third party. In some further embodiments of the invention, the target date analyzer server system and method can calculate (using at least one computer processor) and store and/or display a total risk relative to percentage of equity of one or more target date funds. For example, as shown in the display screen  4200  of  FIG. 42 , in some embodiments, the target date analyzer server system and method can display total risk as a standard deviation as a function of a plurality of funds for three year (plot  4210 ) and five year (plot  4215 ) periods, using one or more funds representing a ‘near retirement’ period for one or more clients. In some further embodiments, the fund analysis can comprise a longer term retirement horizon analysis (shown in the display screen  4300  of  FIG. 43  illustrating plot  4310  for three years and plot  4315  for five years.) 
     In some embodiments, the target date analyzer server system and method can calculate and display an up/down capture analysis of at least one target date fund. In some embodiments, the target date analyzer server system and method can calculate and display an up/down capture analysis plot of one or more target date funds as a function of time. In some embodiments, the up/down analysis can comprise a downside percentage and upside percentage analysis of one or more funds with specific target retirement dates. For example,  FIG. 44  illustrates a display screen  4400  generated by the target date analyzer server system and method showing plots  4410 ,  4415 ,  4420 ,  4425  of three year up/down capture of a plurality of target date investment funds in accordance with some embodiments of the invention. The return and risk three year up/down capture summary is shown in  FIG. 45 , with table  4510  showing up capture data for a plurality of funds, and table  4520  showing down capture data for a plurality of funds. Further,  FIG. 46  illustrates a display screen  4600  generated by the target date analyzer server system and method, and shows plots  4610 ,  4615 ,  4620 ,  4625  of five year up/down capture of target date investment funds in accordance with some embodiments of the invention. The return and risk five year up/down capture summary is shown in  FIG. 47 , with table  4710  showing up capture data for a plurality of funds, and table  4720  showing down capture data for a plurality of funds. 
     Some embodiments include a comparative risk and return analysis of target data funds and performance of the underlying investment options in a target date series of funds.  FIG. 48  illustrates a performance summary screen  4800  of target date investments generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some embodiments, the performance summary display in screen  4800  can include performance data for a plurality of funds including target date funds. The analysis can display return information based on the funds target retirement date, with performance over 1 year, 3 year, 5 year, 10 year, and since inception date. In some other embodiments of the invention, the target date analyzer server system and method can calculate and display an executive summary of one or more funds including target date funds. For example,  FIG. 49  illustrates an executive summary screen  4900  of fund investments generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some further embodiments, the screen  4900  can include the number and/or percentage of underlying investment options and their performance related to a peer group of other funds, including client funds. In some further embodiments, the executive summary can comprise risk and return statistics over a period of time including Sharpe ratio and standard deviation over at least one time period (e.g., over a three year and/or five year period). In some embodiments of the invention, the target date analyzer can display information related to one or more assets of one or more of the aforementioned fund options. For example,  FIGS. 50-51  illustrate further examples of underlying investment analysis screens  5000 ,  5100  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. In some embodiments, the analysis can comprise data showing the performance of the underlying investment options ( FIG. 50 ). Further, in some embodiments, the display can comprise a risk summary of a fund comparing the Sharpe ratio and the standard deviation of the fund ( FIG. 51 ). Further, in some embodiments, the asset analysis can include an analysis of individual holdings. In some embodiments, the display screen can comprise information detailing the top ten holdings of one or more funds in a target date series. For example,  FIG. 52  shows a display screen  5200  generated by the target date analyzer server system and method, and includes a top ten holdings analysis of target date series funds. This information can include the holding name, the manager of the holding, and the percentage at a specific target date. 
     Some embodiments include a fund operations summary analysis. For example,  FIG. 53  illustrates an operations summary display screen  5300  generated by the target date analyzer server system and method in accordance with some embodiments of the invention. As shown, in some embodiments, the operations summary of display screen  5300  can comprise information including inception date, average expense, category expense, assets under management, and manager information. In some embodiments, the manager information can comprise portfolio manager, manager tenure. Further, in some embodiments, the long-term objective can be displayed. 
     In some embodiments, any of the asset classes and types that can be used by the target date analyzer server system and method in any of the processes, analysis, reports and displays described herein can include fixed income type assets and/or cash, and can include short term bonds, United States taxable bonds, short/high quality funds, United States taxable bond (short and/or medium quality bonds or bond funds), intermediate term bonds, United States taxable bond (intermediate and/or medium quality bonds or bond funds), long term bonds, United States taxable bond (long/high quality bonds or bond funds), high yield bonds, United States taxable bond (short/low quality bonds or bond funds), United States taxable bond (intermediate and/or low quality bonds or bond funds), United States taxable bond (long/low quality bonds or bond funds), United States taxable bond (unclassified style bonds or bond funds), treasury inflation protected securities, United States inflation protected bonds (short/high quality), United States inflation protected bonds or bond funds (intermediate and/or high quality), United States inflation protected bonds or bond funds (long/high quality), United States inflation protected bonds or bond funds (unclassified style), global bonds or bond funds). 
     In some further embodiments, any of the asset classes and types that can be used by the target date analyzer server system and method in any of the processes, analysis, reports and displays described herein can include non-United States or foreign fixed income as reflected in the following sub-asset classes; United States non-taxable bonds or bond funds (intermediate and/or high quality), United States non-taxable bonds or bond funds (long/high quality), United States non-taxable bonds or bond funds (short and/or medium quality), United States non-taxable bonds or bond funds (intermediate and/or medium quality), United States non-taxable bonds or bond funds (long/med quality), United States non-taxable bonds or bond funds (short/low quality), United States non-taxable bonds or bond funds (intermediate and/or low quality), United States non-taxable bonds or bond funds (long/low quality), United States non-taxable bonds or bond funds (unclassified style), emerging market bonds or bond funds, non-United States or foreign emerging bonds or bond funds (short/high quality), non-United States or foreign emerging bonds or bond funds(intermediate and/or high quality), non-United States or foreign emerging bonds or bond funds (long/high quality), non-United States or foreign emerging bonds or bond funds (short and/or medium quality), non-United States or foreign emerging bonds or bond funds (intermediate and/or medium quality), non-United States or foreign emerging bonds or bond funds (long/med quality), non-United States or foreign emerging bonds or bond funds (short/low quality), non-United States or foreign emerging bonds or bond funds (intermediate and/or low quality), non-United States or foreign emerging bonds or bond funds (long/low quality), non-United States or foreign emerging bonds or bond funds (unclassified style). 
     Some further embodiments include any of the asset classes and types that can be used by the target date analyzer server system and method in any of the processes, analysis, reports and displays described herein can include equity or equity funds comprising United States stock large cap value, United States stock large cap value/core, United States stock large cap core/growth, United States stock large cap growth, United States stock mid cap value, United States stock mid cap value/core, United States stock mid cap core/growth, United States stock mid cap growth, United States stock small cap value, United States stock small cap value/core, United States stock small cap core/growth, and United States stock small cap growth. 
     In some embodiments, any of the asset classes and types that can be used by the target date analyzer server system and method in any of the processes, analysis, reports and displays described herein can include non-United States or foreign equities (developed), non-United States or foreign developed stock large cap value, non-United States or foreign developed stock large cap value/core, non-United States or foreign developed stock large cap core/growth, non-United States or foreign developed stock large cap growth, non-United States or foreign developed stock mid cap value stock, non-United States or foreign developed stock mid cap value/core, non-United States or foreign developed stock mid cap core/growth, non-United States or foreign developed stock mid cap growth, non-United States or foreign developed stock small cap value, non-United States or foreign developed stock small cap value/core, non-United States or foreign developed stock small cap core/growth, non-United States or foreign developed stock small cap growth. 
     In some further embodiments of the invention, any of the asset classes and types that can be used by the target date analyzer server system and method in any of the processes, analysis, reports and displays described herein can include non-United States or foreign developed stock style (unclassified), emerging markets, non-United States or foreign emerging stock large cap value, non-United States or foreign emerging stock large cap value/core, non-United States or foreign emerging stock large cap core/growth, non-United States or foreign emerging stock large cap growth, non-United States or foreign emerging stock mid cap value, non-United States or foreign emerging stock mid cap value/core, non-United States or foreign emerging stock mid cap core/growth, non-United States or foreign emerging stock mid cap growth, non-United States or foreign emerging stock small cap value, non-United States or foreign emerging stock small cap value/core, non-United States or foreign emerging stock small cap core/growth, non-United States or foreign emerging stock small cap growth, non-United States or foreign emerging stock style unclassified. 
     In some other embodiments, any of the asset classes and types that can be used by the target date analyzer server system and method in any of the processes, analysis, reports and displays described herein can include, real assets/alternatives, real-estate investment trusts, United States real estate stock large cap value, United States real estate stock large cap value/core, United States real estate stock large cap core/growth, United States real estate stock large cap growth, United States real estate stock mid cap value, United States real estate stock mid cap value/core, United States real estate stock mid cap core/growth, United States real estate stock mid cap growth, United States real estate stock small cap value, United States real estate stock small cap value/core, United States real estate stock small cap core/growth, United States real estate stock small cap growth, United States real estate stock style unclassified, and commodities. In some embodiments, alternatives can include bear market trades, multicurrency trades, single currency trades, long/short equity trading, market neutral trading, mult-alternative type trading, managed futures trading, volatility trading, trading leveraged commodities, trading inverse commodities, trading leveraged debt, trading inverse debt, trading leveraged equity, trading inverse equity, or various combinations thereof. 
     In some embodiments, any of the asset classes and types that can be used by the target date analyzer server system and method in any of the processes, analysis, reports and displays described herein can include open or closed architectures. Funds and fund series with open architecture are those that include at least some sub-advisors or management teams that are not owned or controlled by the series&#39; advisor. Conversely, the series that include managers and funds run solely by the advisor or its affiliates have some or all of the assets in a closed architecture. To determine the percentage of the series&#39; assets run by the advisor&#39;s managers, the target date analyzer server system and method looks at the target date funds&#39; underlying holdings. In most cases, these underlying holdings are mutual funds. If all of those underlying holdings are run by managers owned or controlled by the series&#39; advisor, the target date analyzer server system and method designates the series as 100% closed architecture. If a portion of the assets are run by sub-advisors or managers not owned or controlled by the series&#39; advisor, the target date analyzer server system and method sums the assets under such management across all of the funds in the series and divides by the series&#39; total assets to determine the percentage of assets earmarked for open architecture. 
       FIG. 54  illustrates a computer system  5400  useful for performing operations of the target date analyzer system and method in accordance with some embodiments of the invention. For example, in some embodiments, using one or more software modules, the computer system  5400  can display information related to target date investments within a graphical user interface including investment research and analysis, investment plan management, investment plans creation, plan report creation, or administrative and/or account updates processes. In do so, the computer system  5400  can interact with and exchange information with at least one user using at least one peripheral or input/output device such as a mouse, keyboard, display, and/or touch-screen. Further, in some embodiments, at least some of the display screens shown in the various figures described herein can be included in one or more target date investment reports for review by one or more clients. As shown, the system  5430  can include at least one computing device, including at least one processor  5432 . Some processors can include processors  5432  residing in one or more conventional server platforms. The system  5400  can include a network interface  5435   a  and an application interface  5435   b  coupled to at least one processors  5432  capable of running at least one operating system  5434 . Further, the system  5400  can include a network interface  5435   a  and an application interface  5435   b  coupled to at least one processors  5432  capable of running one or more of the software modules  5438  (e.g., such as enterprise applications). In some embodiments, the software modules  5438  can include server-based software platform that can include target date analyzer software modules suitable for hosting at least one user account and at least one client account, as well as transferring data between one or more accounts, at least one user display of a user device, and/or at least one database  180 . In some embodiments, the database  180  can reside on or comprise a third-party server separate from but coupled to the user device and the system  5400  using a conventional wired or wireless network. 
     Some embodiments of the invention also relate to a device or an apparatus for performing these operations. The apparatus can be specially constructed for the required purpose, such as a special purpose computer. When defined as a special purpose computer, the computer can also perform other processing, program execution or routines that are not part of the special purpose, while still being capable of operating for the special purpose. Alternatively, the operations can be processed by a general purpose computer selectively activated or configured by one or more computer programs stored in the computer memory, cache, or obtained over a network. When data are obtained over a network the data can be processed by other computers on the network, e.g. a cloud of computing resources. 
     With the above embodiments in mind, it should be understood that the invention can employ various computer-implemented operations involving target date analyzer data stored in computer systems. Moreover, the above-described databases and models throughout the target date analyzer can store analytical models and other data on computer-readable storage media within the system  5400  and on computer-readable storage media coupled to the system  5400 . In addition, the above-described applications of the target date analyzer server system can be stored on computer-readable storage media within the system  5400  and on computer-readable storage media coupled to the system  5400 . These operations are those requiring physical manipulation of physical quantities. Usually, though not necessarily, these quantities take the form of electrical, electromagnetic, or magnetic signals, optical or magneto-optical form capable of being stored, transferred, combined, compared and otherwise manipulated. 
     Some embodiments include the system  5400  comprising at least one computer readable medium  5436  coupled to at least one data storage device  5437   b , and/or at least one data source  5437   a , and/or at least one input/output device  5437   c . In some embodiments, the invention embodied by the target date analyzer server system can also be embodied as computer readable code on a computer readable medium  5436 . The computer readable medium  5436  can be any data storage device that can store data, which can thereafter be read by a computer system (such as the system  5400 ). Examples of the computer readable medium  5436  can include hard drives, network attached storage (NAS), read-only memory, random-access memory, FLASH based memory, CD-ROMs, CD-Rs, CD-RWs, DVDs, magnetic tapes, other optical and non-optical data storage devices, or any other physical or material medium which can be used to tangibly store the desired information or data or instructions and which can be accessed by a computer or processor (including processors  5432 ). 
     In some embodiments of the invention, the computer readable medium  5436  can also be distributed over a conventional computer network via the network interface  5435   a  so that the target date analyzer server system embodied by the computer readable code can be stored and executed in a distributed fashion. For example, in some embodiments, one or more components of the system  5400  can be tethered to send and/or receive data through a local area network (“LAN”)  5439   a . In some further embodiments, one or more components of the system  5400  can be tethered to send or receive data through an internet  5439   b  (e.g., a wireless internet). In some embodiments, at least one software application  5438  running on one or more processors  5432  can be configured to be coupled for communication over a network  5439   a ,  5439   b . In some embodiments, one or more components of the network  5439   a ,  5439   b  can include one or more resources for data storage, including any other form of computer readable media beyond the media  5436  for storing information and including any form of computer readable media for communicating information from one electronic device to another electronic device. 
     In some embodiments, the network  5439   a ,  5439   b  can include wide area networks (“WAN”), direct connections (e.g., through a universal serial bus port) or other forms of computer-readable media  5436 , or any combination thereof. Further, in some embodiments, one or more components of the network  5439   a ,  5439   b  can include a number of user devices which can be any number of local or consumer devices including one or more computers and/or displays  5440 . In some embodiments, the computers and/or displays  5440  can be desktop computers  5440   d , laptop computers  5440   a ,  5440   e , digital assistants and/or personal digital assistants (shown as  5440   c ), cellular phones or mobile phones or smart phones (shown as  5440   b ), pagers, digital tablets, internet appliances, and other processor-based devices. In general, the user device can be any type of external or internal devices such as a mouse, a CD-ROM, DVD, a keyboard, a display, or other input or output devices  5437   c . In some embodiments, various other forms of computer-readable media  5436  can transmit or carry instructions to a computer  5440 , including a router, private or public network, or other transmission device or channel, both wired and wireless. The software modules  5438  can be configured to send and receive data from a database (e.g., from a computer readable medium  5436  including data sources  5437   a  and data storage  5437   b  that can comprise a database), and data can be received by the software modules  5438  from at least one other source. In some embodiments, at least one of the software modules  5438  can be configured within the system to output data to a user  5431  via at least one digital display (e.g., to a computer  5440  comprising a digital display). 
     In some embodiments, the system  5400  as described can enable one or more users  5431  to receive, analyze, input, modify, create and send data to and from the system  5400 , including to and from one or more enterprise applications  5438  running on the system  5400 . Some embodiments include at least one user  5431  coupled to a computer  5440  accessing one or more modules of the target date analyzer server system including at least one enterprise applications  5438  via a stationary I/O device  5437   c  through a LAN  5439   a . In some other embodiments, the system  5400  can enable at least one user  5431  (through computer  5440 ) accessing enterprise applications  5438  via a stationary or mobile I/O device  5437   c  through an internet  5439   a.    
     Any of the operations described herein that form part of the invention are useful machine operations. The invention also relates to a device or an apparatus for performing these operations. The apparatus can be specially constructed for the required purpose, such as a special purpose computer. When defined as a special purpose computer, the computer can also perform other processing, program execution or routines that are not part of the special purpose, while still being capable of operating for the special purpose. Alternatively, the operations can be processed by a general purpose computer selectively activated or configured by one or more computer programs stored in the computer memory, cache, or obtained over a network. When data is obtained over a network the data can be processed by other computers on the network, e.g. a cloud of computing resources. 
     The embodiments of the present invention can also be defined as a machine that transforms data from one state to another state. The data can represent an article, that can be represented as an electronic signal and electronically manipulate data. The transformed data can, in some cases, be visually depicted on a display, representing the physical object that results from the transformation of data. The transformed data can be saved to storage generally, or in particular formats that enable the construction or depiction of a physical and tangible object. In some embodiments, the manipulation can be performed by a processor. In such an example, the processor thus transforms the data from one thing to another. Still further, the methods can be processed by one or more machines or processors that can be connected over a network. Each machine can transform data from one state or thing to another, and can also process data, save data to storage, transmit data over a network, display the result, or communicate the result to another machine. Computer-readable storage media, as used herein, refers to physical or tangible storage (as opposed to signals) and includes without limitation volatile and non-volatile, removable and non-removable storage media implemented in any method or technology for the tangible storage of information such as computer-readable instructions, data structures, program modules or other data. 
     Although method operations can be described in a specific order, it should be understood that other housekeeping operations can be performed in between operations, or operations can be adjusted so that they occur at slightly different times, or can be distributed in a system which allows the occurrence of the processing operations at various intervals associated with the processing, as long as the processing of the overlay operations are performed in the desired way. 
     It will be appreciated by those skilled in the art that while the invention has been described above in connection with particular embodiments and examples, the invention is not necessarily so limited, and that numerous other embodiments, examples, uses, modifications and departures from the embodiments, examples and uses are intended to be encompassed by the claims attached hereto. The entire disclosure of each patent and publication cited herein is incorporated by reference, as if each such patent or publication were individually incorporated by reference herein. Various features and advantages of the invention are set forth in the following claims.