Patents by Inventor Steven M. H. Wallman

Steven M. H. Wallman has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Patent number: 9978103
    Abstract: An automated portfolio manager system enables an investor to quickly adjust the underlying risk of the entire portfolio without modifying the underlying investments in the portfolio. A user interface enables the user to adjust the risk of a portfolio of investments without adding or deleting investments from the portfolio by purchasing more or less of the entire portfolio on margin, thereby increasing or decreasing the riskiness of the portfolio. A predetermined portfolio of investments is provided to all investors. Each investor's desired risk/reward characteristic for his or her portfolio is accommodated by determining an appropriate amount of the predetermined portfolio to purchase on margin or an appropriate amount of the user's funds to place in cash reserves or other less risky investment to modify an actual risk/reward characteristic of the portfolio so that it matches the investor's desired risk/reward characteristic without changing the underlying investments.
    Type: Grant
    Filed: February 24, 2009
    Date of Patent: May 22, 2018
    Assignee: FOLIOFN, INC.
    Inventor: Steven M. H. Wallman
  • Publication number: 20150178841
    Abstract: Smaller investors can create and manage on a cost-effective basis a complex portfolio of securities using a mechanism that enables the investor to provide to the system the investor's preferences regarding his portfolio, to generate a portfolio, including fractional shares, that reflects the investor's preferences. The system then permits aggregation of the orders, and netting of orders, generated by multiple investors at various times during the day for execution. In addition, the structure of the computer-based system of the present invention allows its cost to be based on access to or usage of the system (such as a monthly fee) as opposed to by securities orders entered into the system as per common brokerage. The result is that the investor can create a portfolio of directly owned securities with athibutes, such as diversification, similar to a mutual fund.
    Type: Application
    Filed: March 6, 2015
    Publication date: June 25, 2015
    Inventor: Steven M. H. Wallman
  • Publication number: 20140279678
    Abstract: A computer-implemented trade and order management system that enables cash movement for providing margin financing to customers in brokerage accounts utilizing sweep vehicles on a cost-effective and efficient basis to provide expanded access to capital for brokerages. The computer-implemented method issues sells and buys of the cash sweep vehicles on a daily basis to generate cash and free credits in customer accounts or to reduce free credits and add to the sweep vehicle position in the accounts. The goal is to match the amount in the aggregate across all accounts of free credits with the aggregate of customer debits so as to result in a net zero free credit to customer debit position for the brokerage. This method involves a daily calculation across all pertinent accounts.
    Type: Application
    Filed: March 14, 2013
    Publication date: September 18, 2014
    Applicant: FOLIOfn, Inc.
    Inventor: Steven M.H. Wallman
  • Publication number: 20140207648
    Abstract: A computer-implemented system enables performance of leveraged instruments, such as leveraged ETFs, to track their design parameters for longer durations than currently possible. The computer-implemented method issues sells and buys of the leveraged instrument on a daily basis to return the instrument back to an expected value, and to credit or debit cash on a daily basis, such that a combination of the instrument position and the cash position taken together provides an actual return close to the theoretical stated return. This strategy involves bringing the leveraged holding back to an equal value of the unleveraged ETF at the time the leveraged ETF is rebalanced—generally at the close of trading on any given day. This technique allows investors to hold the leverage only through the day, and realize the losses and gains of the leverage that day, and resets the position for trading for the following market day.
    Type: Application
    Filed: January 21, 2014
    Publication date: July 24, 2014
    Applicant: FOLIOfn, Inc.
    Inventor: Steven M.H. Wallman
  • Patent number: 8275690
    Abstract: Smaller investors can create and manage on a cost-effective basis a complex portfolio of securities using a mechanism that enables the investor to provide to the system the investor's preferences regarding his portfolio, to generate a portfolio, including fractional shares, that reflects the investor's preferences. The system then permits aggregation of the orders, and netting of orders, generated by multiple investors at various times during the day for execution. In addition, the structure of the computer-based system of the present invention allows its cost to be based on access to or usage of the system (such as a monthly fee) as opposed to by securities orders entered into the system as per common brokerage. The result is that the investor can create a portfolio of directly owned securities with attributes, such as diversification, similar to a mutual fund.
    Type: Grant
    Filed: February 5, 2010
    Date of Patent: September 25, 2012
    Assignee: FOLIOn, Inc.
    Inventor: Steven M. H. Wallman
  • Patent number: 8099344
    Abstract: An investor adjusts a risk-return characteristic of a portfolio of investments by using a graphical user interface to adjust a pointer on a screen up or down. In response, the computer system automatically recalculates the required mix of the portfolio's stocks. Trades are then sent to the system for execution to implement the adjusted portfolio. Thus, investors are afforded a simple click-of-a-mouse mechanism to adjust their entire portfolio to precisely the types of portfolio characteristics desired without having to know about the various interactions of securities with each other or the portfolio effects of changing one security or another or have any other knowledge.
    Type: Grant
    Filed: July 28, 2003
    Date of Patent: January 17, 2012
    Assignee: FOLIOfn, Inc.
    Inventor: Steven M. H. Wallman
  • Patent number: 8086514
    Abstract: A computer based portfolio manager system enables a user to create and manage a portfolio of investments. Users can create multiple sub-portfolios, termed folios, within their overall investment portfolio. Each of these folios can be created by the user or selected from multiple preset folios. One of the possible preset folios includes a manager's recommended folio. This folio is regularly updated, thereby indicating buy and sell recommendations of the manager. A user can balance his or her folio in accordance with the manager's revisions by investing additional capital in some securities and selling others. To prevent undesirable tax effects, a user can move securities from the manager's folio to a holding folio established by the user rather than selling the securities. This enables a user to maintain a folio in the proportions recommended by the manager. The system also enables the folio to be continually rebalanced, while avoiding undesirable tax effects.
    Type: Grant
    Filed: February 17, 2009
    Date of Patent: December 27, 2011
    Assignee: FOLIOfn, Inc.
    Inventor: Steven M. H. Wallman
  • Patent number: 8078490
    Abstract: A proxy voting system enables an investor with a large number of investments to efficiently manage and vote proxies. A shareholder enters preferences regarding how to vote his or her proxies into a computer system, which then screens the received proxies, automatically enters the shareholder's preferences onto the proxy card and returns the completed proxy card to the appropriate election authority at the proper time. The system includes a central controller, a user interface for each investor, a proxy server and a manual entry subsystem, which provides an interface for those corporations that are not equipped to handle electronic formatted proxies.
    Type: Grant
    Filed: December 2, 2009
    Date of Patent: December 13, 2011
    Assignee: FolioFn, Inc.
    Inventor: Steven M. H. Wallman
  • Patent number: 7844538
    Abstract: A method and apparatus for trading securities trades on behalf of customers expressing orders in both share and dollar amounts. Where a brokerage receives orders from customers in both dollar and share amounts, the brokerage can combine the orders, e.g., by aggregating and netting, and executing the outstanding orders through a market maker. The number of shares to order through the market maker depends on the price at which the market maker can execute. By capturing the spread, the spread can be equitably distributed among buyers and sellers without regard for whether the order was received as a value-based order or a share-based order.
    Type: Grant
    Filed: September 10, 2007
    Date of Patent: November 30, 2010
    Assignee: Folio, Inc.
    Inventor: Steven M. H. Wallman
  • Publication number: 20100205110
    Abstract: Smaller investors can create and manage on a cost-effective basis a complex portfolio of securities using a mechanism that enables the investor to provide to the system the investor's preferences regarding his portfolio, to generate a portfolio, including fractional shares, that reflects the investor's preferences. The system then permits aggregation of the orders, and netting of orders, generated by multiple investors at various times during the day for execution. In addition, the structure of the computer-based system of the present invention allows its cost to be based on access to or usage of the system (such as a monthly fee) as opposed to by securities orders entered into the system as per common brokerage. The result is that the investor can create a portfolio of directly owned securities with attributes, such as diversification, similar to a mutual fund.
    Type: Application
    Filed: February 5, 2010
    Publication date: August 12, 2010
    Applicant: FOLIOfn, Inc.
    Inventor: Steven M.H. WALLMAN
  • Publication number: 20100076824
    Abstract: A proxy voting system enables an investor with a large number of investments to efficiently manage and vote proxies. A shareholder enters preferences regarding how to vote his or her proxies into a computer system, which then screens the received proxies, automatically enters the shareholder's preferences onto the proxy card and returns the completed proxy card to the appropriate election authority at the proper time. The system includes a central controller, a user interface for each investor, a proxy server and a manual entry subsystem, which provides an interface for those corporations that are not equipped to handle electronic formatted proxies.
    Type: Application
    Filed: December 2, 2009
    Publication date: March 25, 2010
    Inventor: Steven M. H. Wallman
  • Patent number: 7685046
    Abstract: Smaller investors can create and manage on a cost-effective basis a complex portfolio of securities using a mechanism that enables the investor to provide to the system the investor's preferences regarding his portfolio, to generate a portfolio, including fractional shares, that reflects the investor's preferences. The system then permits aggregation of the orders, and netting of orders, generated by multiple investors at various times during the day for execution. In addition, the structure of the computer-based system of the present invention allows its cost to be based on access to or usage of the system (such as a monthly fee) as opposed to by securities orders entered into the system as per common brokerage. The result is that the investor can create a portfolio of directly owned securities with attributes, such as diversification, similar to a mutual fund.
    Type: Grant
    Filed: July 28, 2003
    Date of Patent: March 23, 2010
    Assignee: Folionfn, Inc.
    Inventor: Steven M. H. Wallman
  • Patent number: 7640182
    Abstract: A proxy voting system enables an investor with a large number of investments to efficiently manage and vote proxies. A shareholder enters preferences regarding how to vote his or her proxies into a computer system, which then screens the received proxies, automatically enters the shareholder's preferences onto the proxy card and returns the completed proxy card to the appropriate election authority at the proper time. The system includes a central controller, a user interface for each investor, a proxy server and a manual entry subsystem, which provides an interface for those corporations that are not equipped to handle electronic formatted proxies.
    Type: Grant
    Filed: September 6, 2005
    Date of Patent: December 29, 2009
    Assignee: FOLIOfn, Inc.
    Inventor: Steven M. H. Wallman
  • Publication number: 20090276372
    Abstract: Smaller investors can create and manage on a cost-effective basis a complex portfolio of securities using a mechanism that enables the investor to provide to the system the investor's preferences regarding his portfolio, to generate a portfolio, including fractional shares, that reflects the investor's preferences. The system then permits aggregation of the orders, and netting of orders, generated by multiple investors at various times during the day for execution. In addition, the structure of the computer-based system of the present invention allows its cost to be based on access to or usage of the system (such as a monthly fee) as opposed to by securities orders entered into the system as per common brokerage. The result is that the investor can create a portfolio of directly owned securities with attributes, such as diversification, similar to a mutual fund.
    Type: Application
    Filed: June 2, 2009
    Publication date: November 5, 2009
    Inventor: Steven M.H. Wallman
  • Publication number: 20090259597
    Abstract: An automated portfolio manager system enables an investor or portfolio manager to quickly adjust the underlying risk of the entire portfolio without modifying the underlying investments in the portfolio. A user interface enables the user to adjust the risk (e.g., beta) of a portfolio of investments without adding or deleting investments from the portfolio by purchasing more or less of the entire portfolio on margin, thereby increasing or decreasing the riskiness of the portfolio. A predetermined portfolio of investments is provided to all investors. Each investor's desired risk/reward characteristic for his or her portfolio is accommodated by determining an appropriate amount of the predetermined portfolio to purchase on margin or an appropriate amount of the user's funds to place in cash reserves (or other less risky investment) to modify an actual risk/reward characteristic of the portfolio so that it matches the investor's desired risk/reward characteristic without changing the underlying investments.
    Type: Application
    Filed: February 24, 2009
    Publication date: October 15, 2009
    Inventor: Steven M.H. Wallman
  • Publication number: 20090259599
    Abstract: A computer implementable graphical method and apparatus for presenting historical returns of one or more assets, liabilities, and/or indices is disclosed. A computer can plot an historical returns (in percentages) versus historical time for one or more user selectable assets, liabilities, or indices. Each historical return can be obtained by subtracting an historical price from a current price, and dividing the result by the historical price to obtain a ratio, which is multiplied by 100 percent. Alternatively, the historical return can be obtained by applying the described technique to a moving average historical price.
    Type: Application
    Filed: April 22, 2009
    Publication date: October 15, 2009
    Inventor: Steven M.H. Wallman
  • Publication number: 20090254490
    Abstract: A computer based portfolio manager system enables a user to create and manage a portfolio of investments. Users can create multiple sub-portfolios, termed folios, within their overall investment portfolio. Each of these folios can be created by the user or selected from multiple preset folios. One of the possible preset folios includes a manager's recommended folio. This folio is regularly updated, thereby indicating buy and sell recommendations of the manager. A user can balance his or her folio in accordance with the manager's revisions by investing additional capital in some securities and selling others. To prevent undesirable tax effects, a user can move securities from the manager's folio to a holding folio established by the user rather than selling the securities. This enables a user to maintain a folio in the proportions recommended by the manager. The system also enables the folio to be continually rebalanced, while avoiding undesirable tax effects.
    Type: Application
    Filed: February 17, 2009
    Publication date: October 8, 2009
    Inventor: Steven M.H. Wallman
  • Patent number: 7552082
    Abstract: Smaller investors can create and manage on a cost-effective basis a complex portfolio of securities using a mechanism that enables the investor to provide to the system the investor's preferences regarding his portfolio, to generate a portfolio, including fractional shares, that reflects the investor's preferences. The system then permits aggregation of the orders, and netting of orders, generated by multiple investors at various times during the day for execution. In addition, the structure of the computer-based system of the present invention allows its cost to be based on access to or usage of the system (such as a monthly fee) as opposed to by securities orders entered into the system as per common brokerage. The result is that the investor can create a portfolio of directly owned securities with attributes, such as diversification, similar to a mutual fund.
    Type: Grant
    Filed: July 28, 2003
    Date of Patent: June 23, 2009
    Assignee: FolioFn, Inc.
    Inventor: Steven M. H. Wallman
  • Patent number: 7546267
    Abstract: Smaller investors can create and manage on a cost-effective basis a complex portfolio of securities using a mechanism that enables the investor to provide to the system the investor's preferences regarding his portfolio, to generate a portfolio, including fractional shares, that reflects the investor's preferences. The system then permits aggregation of the orders, and netting of orders, generated by multiple investors at various times during the day for execution. In addition, the structure of the computer-based system of the present invention allows its cost to be based on access to or usage of the system (such as a monthly fee) as opposed to by securities orders entered into the system as per common brokerage. The result is that the investor can create a portfolio of directly owned securities with attributes, such as diversification, similar to a mutual fund.
    Type: Grant
    Filed: July 28, 2003
    Date of Patent: June 9, 2009
    Assignee: FolioFn, Inc.
    Inventor: Steven M. H. Wallman
  • Patent number: 7117176
    Abstract: Smaller investors can create and manage on a cost-effective basis a complex portfolio of securities using a mechanism that enables the investor to provide to the system the investor's preferences regarding his portfolio, to generate a portfolio, including fractional shares, that reflects the investor's preferences. The system then permits aggregation of the orders, and netting of orders, generated by multiple investors at various times during the day for execution.
    Type: Grant
    Filed: May 19, 2003
    Date of Patent: October 3, 2006
    Assignee: FOLIOfn, Inc.
    Inventor: Steven M.H. Wallman