Patent ID: 8533017

Claim:
A computerized method for determining a succession planning track for a registered investment advisor, the method comprising: generating, at a server computing device, a plurality of paired statement sets associated with business and personal goals and transmitting the paired statement sets to a remote computing device, wherein each statement in the statement sets is associated with one or more succession planning tracks; receiving, at the server computing device, a statement selection for each set of paired statements from the remote computing device; determining, by the server computing device, one or more preliminary succession planning tracks based on the received statement selections; generating, by the server computing device, a first set of business and personal value statements associated with the preliminary succession planning tracks and transmitting the first set to the remote computing device; receiving, at the server computing device, a priority ranking for at least two of the business and personal value statements from the remote computing device; determining, by the server computing device, one or more intermediate succession planning tracks based on the received priority ranking; if the server computing device determines more than one intermediate succession planning track: generating, by the server computing device, a checklist with a second set of business and personal value statements associated with the intermediate succession planning tracks and transmitting the checklist to the remote computing device; receiving, at the server computing device, a set of responses to the second set of business and personal value statements from the remote computing device; and determining, by the server computing device, a final succession planning track based on the received set of responses; if the server computing device determines only one intermediate succession planning track: converting, by the server computing device, the intermediate succession planning track to a final succession planning track; and generating, by the server computing device, a succession action plan corresponding to the final succession planning track and transmitting the succession action plan to the remote computing device.