Importance

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Abstract

A system and method facilitating financial advice delivery by linking product and service recommendations to objective financial advice. A generic abstraction of all strategic and tactical financial goal setting, analysis, funding and tracking elements into a set of distinct conceptual building blocks, which, in combination, provide a comprehensive representation of all aspects of balance sheet, income statement, cash flow and insurance planning and analysis. A proprietary Rule Builder Workstation governs all aspects of Wealth Management applications including business/financial advice logic, constants and user interface elements. Business rules controlling content, advice, and presentation format across multiple employee and customer facing applications are written and modified in an environment that enables business usurers to dynamically add or update rules without a new release of the software. A Computational Engine provides an object-oriented software abstraction of complex earnings/expense, balance sheet and cash-flow modeling through which all quantitative and statistical functions are performed. The Engine handles complex combinations of overlapping conditions and constraints, monetary inflow/outflow scenarios and multi-stage flows that change characteristics based on critical events delivering uniform advice consistent with Abstraction structures across all delivery channels. This software API uniquely encapsulates all attributes of, and relationships among, these processes in a single component. For example, it is possible to leverage Extensible Markup Language (XML) over the Hypertext Transfer Protocol (HTTP) or Hypertext Transfer Protocol Secure (HTTPS).

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First Claim