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US005852811A [ii] Patent Number: 5,852,811  Date of Patent: *Dec. 22, 1998
 METHOD FOR MANAGING FINANCIAL
ACCOUNTS BY A PREFERRED
ALLOCATION OF FUNDS AMONG
 Inventor: Charles Agee Atkins, Charleston, S.C.
 Assignee: Proprietary Financial Products, Inc.,
[ * ] Notice: This patent issued on a continued prosecution application filed under 37 CFR 1.53(d), and is subject to the twenty year patent term provisions ol 35 U.S.C. 154(a)(2).
[ * ] Notice: The term ol this patent shall not extend beyond the expiration date ol Pat. No. 4,953,085.
 Appl. No.: 280,096
 Filed: Jul. 25, 1994
Related U.S. Application Data
 Continuation of Ser. No. 780,590, Oct. 23, 1991, which is a continuation-in-part of Ser. No. 686,319, Apr. 16, 1991, which is a continuation of Ser. No. 408,173, Sep. 15, 1989, abandoned, which is a continuation of Ser. No. 38,817, Apr. 15, 1987, Pat. No. 4,953,085.
 Int. CI. G06F 17/60
 U.S. CI 705/36; 705/35; 705/37;
 Field of Search 364/401, 408;
705/35, 36, 37, 38
 References Cited
U.S. PATENT DOCUMENTS
A personal financial program is disclosed incorporating means ol implementing, coordinating, supervising, planning, analyzing and reporting upon investments in an array ol asset accounts and liability accounts within a client account. Through a prioritization function, the client specifies his financial objectives, his risk prelerence, a forecast ol economic and financial variables, and budgetary constraints. The prioritization lunction suggests to the client a portfolio ol asset and liability accounts that may be credited and debited to form investments and borrowings to best realize his financial objectives over a defined time horizon. In the prelerred embodiment a central structural element ol the financial account is a liability account secured by the client's home and one or more asset accounts. Client funds that would normally be used to amortize the mortgage may be alternatively used according to a prioritized allocation ol funds to asset accounts and liability accounts. The client account is imbalanced if the client's borrowing power is less than the minimum borrowing power specified by the financial institution. If the account is imbalanced, the client may reallocate the assets and liabilities within the client account and/or modify a set of constraints on the client account. If the client account is still not balanced after modification of the account, the system initiates a liquidation procedure.
39 Claims, 17 Drawing Sheets
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