Patent ID: 7383218

Claim:
A system for providing financial planning advice to individuals comprising: a data storage system which stores financial account information for a plurality of financial accounts, and stores information identifying an individual having each of the plurality of financial accounts, and stores personal information for each of the individuals; a processor system adapted for analyzing financial account information for a financial account, and adapted for analyzing personal information for the individual having the financial account to determine a financial planning recommendation for the individual, wherein the processor system is further adapted to analyze the financial account information to determine a group of financial account statement information for the financial account, and to incorporate the financial planning recommendation and the group of financial account statement information into an integrated report, wherein the processor system is further adapted to periodically generate integrated reports for the individual using information from the data storage system without requiring further input from the individual in connection with periodically generating the integrated reports, and wherein the financial planning recommendation is related to a retirement benefit plan.