This inventor holds 4 USPTO granted patents and 3 published patent applications. Top assignee: Genesis Financial Products, Inc.. Active years: 2009-2014.
Company Filing History:
Years Active: 2009-2014
Title: Innovations by Richard Kado
Introduction
Richard Kado is an accomplished inventor based in Oakville, CA. He has made significant contributions to the field of financial products, particularly in the area of equity-indexed annuities. With a total of four patents to his name, Kado's work focuses on enhancing the methods used in pricing financial products that offer guaranteed lifetime income benefits.
Latest Patents
One of Richard Kado's latest patents is a computer-based method of pricing equity-indexed annuity products with guaranteed lifetime income benefits. This innovative method involves determining a set of equity-indexed crediting parameters for a lifetime-income equity-indexed deposit product. The process includes establishing various values such as rider charge, lifetime income percentage scale, profitability requirements, principal amount, and account value at the time of purchase. The method also generates yield curve and equity index scenarios, sets trial values, calculates profitability distributions, and computes revised trial values, all performed by a general-purpose computer.
Career Highlights
Kado is currently employed at Genesis Financial Products, Inc., where he continues to develop innovative financial solutions. His expertise in computer-based methods for pricing financial products has positioned him as a key player in the industry.
Collaborations
Richard Kado collaborates with talented professionals such as Derek Ferguson and Marc Verrier. Their combined efforts contribute to the advancement of financial product innovations.
Conclusion
Richard Kado's work exemplifies the intersection of technology and finance, showcasing how innovative methods can enhance financial products. His contributions continue to shape the industry and provide valuable solutions for consumers.