Financial practice management system and method

Details Financial practice management system and method Financial practice management system and method

G - Physics

06

Q

G06Q 40/00 (2006.01)

Patent

CA 2744087

There is provided a financial practice management system comprising a database storing client information and cost information; a cost allocation module determines a client servicing value by allocating costs associated with ongoing business activities to the client servicing value and excluding costs associated with new business activities; and an individual client earnings (ICE) ratio module determines a client income value derived from the client's business with the financial advisory business, the ICE ratio module further determines an ICE ratio value for a particular client by dividing the difference between the client income value and the client servicing value with the client income value or the client servicing value, thereby providing a profitability of the particular client. In addition, the invention extends to a method and system to quantify potential new revenue streams which may be generated from products that a client may need during different phases of the client's life.

Linvention concerne un système de gestion de pratique financière comprenant une base de données contenant des informations clients et des informations de coûts, un module dattribution de coûts déterminant la valeur dun service à un client en attribuant des coûts associés à des activités daffaire en cours à la valeur du service au client et en excluant les coûts associés aux nouvelles activités daffaires, et un module de ratio des recettes de client individuel (ICE) déterminant une valeur de revenu du client dérivée des affaires du client avec les affaires de conseil financier, lequel module de ratio ICE détermine en outre une valeur de ratio ICE pour un client particulier en divisant la différence entre la valeur de revenu du client et la valeur du service au client par la valeur de revenu du client ou la valeur du service au client, fournissant ainsi la profitabilité du client particulier. Linvention concerne en outre un procédé et un système de quantification des nouveaux flux de revenus potentiels qui peuvent être générés par des produits dont un client peut avoir besoin au cours des différentes phases de la vie du client.

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