Patent ID: 7181422

Claim:
A system for managing financial assets comprising: a computer system to receive information regarding a pool of financial assets; a storage system coupled to the computer system, the mass storage system storing the information, and a computer program to execute on the computer system, comprising computer instructions to cause the computer system to: segregate the financial assets into a first category and a second category according to a first set of abstraction rules that define a hierarchy of the first and second categories of financial assets; segregate the financial assets contained within a first one of each of the first and second categories into asset classes according to a second set of abstraction rules that define a hierarchy of the asset classes; abstract information regarding a subgroup of the financial assets within the pool according to at least a first abstraction rule of the first set of abstraction rules stored electronically on the computer system, the first abstraction rule defining the subgroup according to user-defined specifications for purchasing financial assets; summarize the information provided by operation of the first abstraction rule; and provide information electronically regarding individual financial assets within the subgroup of the pool according to at least a second abstraction rule of either the first set or the second set of abstraction rules stored electronically on the computer system, the second abstraction rule defining at least one of the individual financial assets according to user-defined specifications for purchasing financial assets.