David Kim Schulz

US Patent:

6687681, Feb 3, 2004

Filed:

May 28, 1999

Appl. No.:

09/322412

Inventors:

David W. Schulz - Mequon WI
John M. Blaser - Mequon WI
Daniel Patrick Brown - Wauwatosa WI
Todd Hanson - Thiensville WI

Assignee:

Marshall Ilsley Corporation - Milwaukee WI

International Classification:

G06F 1760

US Classification:

705 36, 705 37

Abstract:

A method and apparatus for automatically managing investment portfolios to substantially track a selected index and to automatically harvest tax losses is disclosed. Preferably, the system comprises an accounting system for maintaining tax lot information for individual accounts, an optimization system for rebalancing each account to substantially model the index and for harvesting tax losses, and a trading system for executing trades. Each investor owns the securities in his account, and therefore, harvested losses can be used to offset capital gains. The period between successive optimization procedures is selected to avoid application of the internal revenue service wash sale rules.

US Patent:

7031937, Apr 18, 2006

Filed:

Jan 18, 2002

Appl. No.:

10/051893

Inventors:

Daniel P. Brown - Wauwatosa WI, US
David W. Schulz - Mequon WI, US

Assignee:

Marshall & Ilsley Corporation - Milwaukee WI

International Classification:

G06Q 40/00

US Classification:

705 36T, 705 37

Abstract:

A method and apparatus for automatically managing investment portfolios is disclosed which substantially tracks a selected index and automatically harvests tax losses. The system includes an accounting system for maintaining tax lot information for individual accounts, an optimization system for rebalancing each account to substantially model the index and for harvesting tax losses, and a trading system for executing trades. Each investor owns the securities in his/her account, and therefore, harvested losses can be used to offset capital gains. Securities sold to harvest tax losses are repurchased at a later time selected to avoid application of the Internal Revenue Service wash sale rules, with exchange traded funds (ETF's) from the same technological sector as the securities being sold to harvest tax losses being used as temporary replacement securities for the portfolios.

US Patent:

20050251465, Nov 10, 2005

Filed:

Apr 27, 2005

Appl. No.:

11/115535

Inventors:

Daniel Brown - Wauwatosa WI, US
David Schulz - Mequon WI, US
David Abitz - Redding CA, US

International Classification:

G06F017/60

US Classification:

705035000

Abstract:

A system and method of structuring and operating an investment vehicle is disclosed which structures the investment vehicle as a common trust fund which operates using the investment, trading, and timing strategies of a hedge fund. The investment vehicle is implemented using a common trust fund structure, which may be offered by a financial institution. The investment vehicle so operated by the financial institution using a hedging strategy to manage the property from the trust to achieve a strong return, even in adverse market conditions.