JOHN M MAHONEY
Accountancy in Middleton, MA
License number
Massachusetts 16367
Issued Date
May 5, 1994
Expiration Date
Jun 30, 2017
Type
Certified Public Accountant
Address
Address
Middleton, MA 01949
Professional information
Systems And Methods For Rule-Based Lot Selection Of Mutual Funds
US Patent:
2003010, Jun 5, 2003
Filed:
Oct 25, 2001
Appl. No.:
09/999512
Inventors:
Theresa Griffin - Hingham MA, US
Lisa-Marie Ardita - Holbrook MA, US
John Andrews - Duxbury MA, US
Barbara Donahue - Watertown MA, US
John Fitch - Framingham MA, US
John Mahoney - Middleton MA, US
Lisa-Marie Ardita - Holbrook MA, US
John Andrews - Duxbury MA, US
Barbara Donahue - Watertown MA, US
John Fitch - Framingham MA, US
John Mahoney - Middleton MA, US
International Classification:
G06F017/60
US Classification:
705/036000
Abstract:
A computer-based system and method is disclosed that allow a custodian or fund accounting agent of a mutual fund to select lots in the portfolio inventory based on predefined rules to maximize the fund's after tax return. If no rule is stipulated, the process automatically compares tax consequences for possible combinations of buy and sell lots of a security under the various business rules and selects the rule for the particular trade that results in the most favorable tax for the fund.