Patent ID: 7580879

Claim:
A data processing system for managing a financial services configuration including a legal entity issuing shares of nonvoting stock, receiving payment from one or more owners for the issued shares, establishing one or more financial sub accounts for each owner, each owner having control of allocations of proceeds of issued shares into one or more selected investment funds, comprising: a processor; a data storage device; wherein the processor is adapted to: store data concerning the legal entity issuing shares of nonvoting stock; store data concerning the issued shares of nonvoting stock; store data, including at least names and addresses, concerning the one or more owners purchasing the issued shares of nonvoting stock; store data indicating amount of the proceeds of the purchase of the issued shares of nonvoting stock by the one or more owners of the issued shares; store data concerning the investment funds; receive the investment allocation made by the one or more owners of the proceeds into the one or more selected investment funds; calculate an initial net asset value for each subaccount based on the amount of the proceeds of the payments by the one or more owners for the issued shares, applicable charges, and the received investment allocation; receive investment fund value increase or decrease data; and allocate investment fund value increase or decrease data to the subaccounts in accordance with the received investment allocations, to determine an updated net asset value for each of the subaccounts, and output a signal indicative of the updated net asset value.