Tree Visualization Segmented Access Rights Financial Assets
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Solution Overview
Problem
High wealth individuals face challenges in managing and visualizing their financial and non-financial assets due to their dispersion across different locations and managers, leading to incomplete visibility and potential delays in decision-making, as well as reduced confidentiality.
Innovation Solution
A computerized system that aggregates financial and non-financial assets globally, providing a centralized 'virtual vault' with a tree structure visualization, allowing users to view their portfolio at a high level and drill down for detailed analysis, while enabling segmented access rights for managing responsibilities.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If assets are managed by multiple people in different locations, then management capability is improved, but visibility of complete wealth and confidentiality deteriorate
Solution Approach 1:
The patent implements segmented access rights that divide the complete wealth view into different levels. The owner sees the complete portfolio, while managers see only their assigned portions. This segmentation allows multiple people to manage assets in different locations while maintaining the owner's complete visibility and controlling information disclosure to managers.
Solution Approach 2:
The system introduces a centralized database as an intermediary that aggregates all asset information from disparate locations and managers. This intermediary provides a unified view to the owner while selectively providing partial views to managers, resolving the contradiction between complete visibility and managed access.
2Adaptability or versatility
If assets are dispersed in disparate locations, then asset diversity is improved, but complete visibility and decision-making speed deteriorate
Solution Approach 1:
The patent merges all asset information from disparate locations into a single centralized database. This consolidation provides complete visibility of the entire portfolio instantly, enabling rapid decision-making while preserving the diversity of assets held in different locations and by different managers.
Solution Approach 2:
The centralized database serves multiple functions simultaneously: it stores complete asset information, provides aggregated views to owners, and provides filtered views to managers. This multi-functionality enables fast decision-making by the owner without requiring direct access to all dispersed asset locations.
3Productivity
If full access to all assets is granted to managers, then management efficiency is improved, but confidentiality and owner control deteriorate
Solution Approach 1:
The patent applies local quality by providing different levels of access to different users. Managers receive access rights tailored to their specific management responsibilities, allowing them to efficiently manage their assigned assets without access to information irrelevant to their role. This maintains confidentiality by limiting managers' access to only what they need.
Solution Approach 2:
The system segments access rights based on management roles and responsibilities. Each manager receives permission to view and manage only their assigned portfolio portions, not the complete wealth. This segmentation maintains management efficiency for their specific tasks while protecting overall confidentiality and owner control.
Data Source
AI summary
A computer system and method for financial management and estate planning. The system provides data aggregation for both financial and non-financial assets to create a “virtual vault” from which the owner can view all information about his/her portfolio. In some embodiments, the system provides a tree visualization of the portfolio, which allows a structured organization that provides both a high level view and the ability to drill down to an in-depth analysis. In some cases, the system provides segmented permissions in which restricted access could be granted based on module and/or asset in the tree visualization.