PATENT CLAIM ANALYSIS

Application Number: 16233033
Application Type: Utility
Filing Date: 2018-12
Publication Date: 2019-07
Patent Classification: ["705", "03600R"]

Abstract:
A computerized system for administering an advisory-fee rebate of account-level advisory fees with respect to a managed portfolio of mutual-fund investments (represented by tickers) is provided. The system comprises a management-fee calculation module adapted for calculating an average management-fee percentage for a period for each ticker in the portfolio. The system further comprises a balance-calculation module adapted for calculating a daily average balance for the period for each ticker in the portfolio. The system further comprises a rebate-calculation module adapted for calculating a rebate for each ticker in the portfolio based on the average management-fee percentage and the daily average balance and for calculating a total rebate based on the rebate for each ticker. The total rebate may then be credited to an investor account for the portfolio. Similarly, a computerized method is provided.

Claim (Index 2):
The computerized method according to  claim 1 , wherein the step of calculating a rebate comprises multiplying the average management-fee percentage by the average balance.

Metadata:
- Claim Count in Document: 1.0
- Percentile: 98.0
- Lexical Diversity: 2.38333
- Patent Class: 705.0
- Transitional Phrase Type: none
- Component Type: 0
- Foreign Priority: False
- Related Applications: ['10836751', '13602923', '13088196', '12497500', '09836694']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1318216145216022
- 35 USC 102 Novelty (BERT): 0.5007909219313433
- Combined Prediction Score: 0.1687185452625763
- Mean Citation Score: 244.84028200000003
- Max Citation Score: 262.02982000000003
- Similarity Product: 191.5128760194957

Labels:
- Claim Label 101: 1
- Claim Label 102: 1
- Claim Label 103: 0
- Claim Label 112: 1
- Combined Label: 1
- Label 101 Adjusted: 1

Dataset: test