Company Filing History:
Years Active: 2008-2012
Title: Innovations by Robert Arena
Introduction
Robert Arena is a notable inventor based in Farmington, Connecticut, with a focus on financial technology. He holds five patents that showcase his expertise in developing systems and methods for investment management. His work aims to enhance the efficiency and security of investment strategies for individuals and institutions alike.
Latest Patents
One of Arena's latest patents is a system, method, and computer program product for allocating assets among a plurality of investments to guarantee a predetermined value at the end of a predetermined period. This innovative approach allows investors to initially allocate their entire deposit into high-risk investments. The computer program evaluates the performance of these investments daily and determines whether to reallocate assets between secure and non-secure investments based on their performance.
Another significant patent by Arena is a system, method, and computer program product for providing stabilized annuity payments and controlling investments in a variable annuity. This system includes a processor, memory, and a computer program that manages the risks associated with investments. It allocates assets between two pools: the annuitant pool, which determines annuity payments, and the beneficiary pool, which provides assets to beneficiaries upon the annuitant's death. This innovative design helps maintain stable annuity payments even when underlying investments fluctuate.
Career Highlights
Robert Arena is currently employed at The Prudential Insurance Company of America, where he applies his innovative ideas to improve financial products and services. His work has significantly contributed to the field of investment management, particularly in creating systems that enhance the security and predictability of investment returns.
Collaborations
Arena has collaborated with notable colleagues, including N David Kuperstock and Robert Francis O'Donnell. These partnerships have fostered a creative environment that encourages the development of groundbreaking financial technologies.
Conclusion
Robert Arena's contributions to the field of financial technology through his patents demonstrate his commitment to innovation and improving investment strategies. His work continues to influence the way individuals and institutions manage their investments, ensuring a more secure financial future.