Inventors:
John F. Kennedy - Simsbury CT, US
Stephen E. Abbey - Marlborough CT, US
Diana K. Benken - Hebron CT, US
Richard E. Cady - Simsbury CT, US
Jennifer Anne Como - San Francisco CA, US
William D. Wilcox - West Hartford CT, US
Assignee:
Hartford Fire Insurance Company - Hartford CT
International Classification:
G06Q 40/00
Abstract:
The invention relates, in various aspects, to systems, methods, and computer readable media suited for enabling partial owners of wholesale broker dealers to participate in providing investment products. Reports of wholesale fees received by and expenses incurred by a wholesale broker-dealer, in relation to wholesale support services for investment products, are stored. The wholesale support services are provided to registered representatives of a separate retail broker-dealer who are affiliated with the partial owners. The wholesale fees and expenses are allocated among the partial owners. A distribution is determined and effected for each partial owner based on a difference between the wholesale fees and the expenses allocated to the respective partial owner.