55 results about "Financial well being" patented technology

Some embodiments of the invention provide tools for promoting a user's financial well-being by encouraging positive financial behavior through timely feedback, counseling and instruction. For example, some embodiments of the invention may provide real-time (e.g., in response to a transaction being performed, or in response to the user indicating he / she is contemplating a transaction) useful analysis and advice designed to encourage the type of ongoing financial behavior that leads over time to financial well-being.

A method of tax-aware asset allocation is provided. According to one embodiment, information is received regarding financial products available for investment in a taxable account and a tax deferred account of an investor. Information is also received regarding current investments held in the taxable account and the tax deferred account. Tax characteristics associated with each financial product is determined by evaluating information regarding distributions and / or information regarding turnover. Relevant financial circumstances of the investor are also determined. Finally, advice is formulated regarding a recommended portfolio of financial products, including a recommendation regarding which of the taxable account and the tax deferred account each financial product in the recommended portfolio should be held by performing a portfolio optimization process that takes into consideration the tax characteristics, the relevant financial circumstances, and tax implications of holding the financial products in the taxable account versus the tax deferred account.

A software program that allows an individual with a personal computer to develop and implement plans of action for achieving a preferred lifestyle that appears feasible based on the individual's current and probable future financial circumstances.

Systems and methods for optimizing wealth are provided herein. Exemplary methods for analyzing financial well being of a client may include generating a financial profile for an client via a web server, selecting one or more grids for displaying at least a portion of the financial profile, the grid including one or more sectors, each of the sectors corresponding to one of the plurality of strengths, filling a sector with an indicator, filling a sector with an indicator, the indicator including a calculation of a strength level for the strength associated with the sector; and providing at least one of the one or more grids to a display device associated with a computing system that is communicatively coupled to the web server.

A method includes training multiline insurance agents on having a conversation with the insured for discovering the insured's financial situation and risks by creating a visual diagram of the insured's financial situation and risks. The diagram includes the insured's name at the center of the visual diagram including an income box of the insured's household income. A family box is drawn from the income box with a family tree of the insured's family thereunder. An assets box is drawn from the income box with an asset listing of the insured's listing thereunder. A listing of risks is drawn at the bottom of the visual diagram. A box is drawn around the insured's name, the income box, the family box with the family tree, and the assets box with the asset listing, where the bottom of the box provides a boundary between the listing of risks and the family box and assets box.

The present invention relates to a method for inputting household accounting data for double-entry bookkeeping and, more particularly, to the method comprising the steps of: a user device which has a household accounting program for double-entry bookkeeping installed therein and runs the household accounting program, (1) providing a questionnaire for inputting an overview of property; (2) receiving a response to the provided questionnaire; (3) automatically inputting the data of the property overview which is processed by the received response to a user's financial status according to the double-entry form of bookkeeping; and (4) updating the user's financial status by receiving data on income or expenditures. Further, the present invention relates to a household accounting system using a method for inputting household accounting data for double-entry bookkeeping and, more particularly, to the system comprising: a service server which provides a household accounting program for double-entry bookkeeping and provides an update of the household accounting program; and a user device which provides a questionnaire for inputting an overview of property by having the household accounting program installed therein and running the household accounting program, automatically inputs data of the property overview which is processed by receiving a response to the provided questionnaire to a user's financial status according to the double-entry form of bookkeeping, and updates the user's financial status by receiving data on income or expenditures. According to a method for inputting household accounting data for double-entry bookkeeping and a household accounting system using the same proposed in the present invention, a user device which has household accounting program for the double-entry bookkeeping installed therein and runs the household accounting program, provides a questionnaire for inputting an overview of property, and automatically inputs data of the property overview which is processed by receiving a response to the provided questionnaire to a user's financial status, thereby enabling the user, even without knowledge on the double-entry bookkeeping, to easily input the overview of property in accordance with assets, capital, and debt, etc. through a process of responding to the questionnaire and to use a household accounts created by fully implementing the principle of double-entry bookkeeping. Further, according to the present invention, owner items are provided in questionnaire items for selecting the owner so that the financial status can be automatically input for each family member of the user who is registered in advance, thereby identifying and utilizing the property status for each family member to establish financial portfolios for the entire family.

A virtual assistant platform for providing real-time financial advice based on a user's financial status online footprint, behavioral proclivities with regard to finances and investing as well as market conditions, comprising a virtual assistant application that creates and updates a user profile using interactive prompts to gather information during an onboarding process, and produces a final, highly individualized, user profile for use by the virtual assistant platform for providing real-time financial advice based on a user's profile, online footprint as well as market conditions.