The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Mar. 30, 2010
Filed:
Nov. 10, 2006
Michael A. Sullivan, New York, NY (US);
Philip Fischer, New York, NY (US);
Philip Galdi, Orangeburg, NY (US);
David Shen, Short Hill, NJ (US);
Michael A. Sullivan, New York, NY (US);
Philip Fischer, New York, NY (US);
Philip Galdi, Orangeburg, NY (US);
David Shen, Short Hill, NJ (US);
Merrill Lynch Co., Inc., New York, NY (US);
Abstract
The disclosure details the implementation of apparatuses, methods, and systems for asset index tracking. The disclosure details how an asset index tracker aligns investor asset portfolios to a selected asset index. The asset index tracker enables investors to automatically match their portfolio to a predefined index. The asset index tracker compares the investor's portfolio to the selected index and provides recommendations to rebalance the portfolio at specified intervals. This is achieved by comparing the investor's portfolio to the index to determine the trades necessary to align the portfolio to the index. A correlation and estimated tracking error of the portfolio to the index may be calculated to validate how the portfolio matches the index. The resulting trade recommendations may be executed upon the investor's approval or automatically. The execution of the trades achieves the rebalancing of the investor's portfolio to more closely track a selected target index.