Robert J O'Donnell

US Patent:

7401037, Jul 15, 2008

Filed:

Feb 20, 2002

Appl. No.:

10/079795

Inventors:

Robert Arena - Farmington CT, US
Robert Schwartz - West Granby CT, US
N David Kuperstock - Woodbridge CT, US
Robert O'Donnell - Harwinton CT, US
Gordon Boronow - Trumbull CT, US

Assignee:

The Prudential Insurance Company of America - Newark NJ

International Classification:

G06Q 40/00

US Classification:

705 35, 705 36 R

Abstract:

In one embodiment, a method of managing assets for stabilizing anticipated periodic payments, allocating the assets to first and second pools; at periodic intervals, comparing the current value of the assets in the first pool to a present value of the remaining payments; and, when the current value is less the present value, reallocating a portion of the assets from the second pool to the first pool so that the first asset pool has a current value representing the present value. In another embodiment, a method for managing assets for stabilizing anticipated periodic payments includes allocating the assets into first and second pools; establishing a first payment amount; determining a first trigger value; assessing a current value of the assets; and reallocating assets from the second pool to the first pool to increase the first payment amount in response to the current value being greater than the first trigger value.

US Patent:

7769659, Aug 3, 2010

Filed:

Feb 15, 2002

Appl. No.:

10/076739

Inventors:

Robert Arena - Farmington CT, US
N. David Kuperstock - Woodbridge CT, US
Robert O'Donnell - Harwinton CT, US
Lincoln Collins - Trumbull CT, US

Assignee:

The Prudential Insurance Company of America - Newark NJ

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35, 705 36, 705 37

Abstract:

A system, method, and computer program product for dynamic, cost effective reallocation of assets among a plurality of investment products comprising a processor, a memory and a computer program stored in the memory. The computer program implementing the present invention controls the reallocation of assets to reduce the transactions costs associated with rebalancing the investor's composite assets according to a composite asset allocation model. Information relating to the composite asset allocation model, the investor's assets, and the investor are stored in memory. Periodically, or upon occurrence of an event, the composite assets are evaluated to determine if rebalancing is necessary. If rebalancing is necessary, the transaction costs associated with the available transactions for performing the rebalancing are compared to select the most economically favorable transaction. Thus, the reallocation is achieved by selecting the least costly transaction that will serve to realize the composite asset allocation model, which is independent of the structure of the investor's portfolio among particular accounts or products. In addition, the computer program compares the available options for recovery of the transaction fees to select the most economically favorable means of recovering the fees associated with the transaction to further reduce the transaction cost of the reallocations.

US Patent:

7831496, Nov 9, 2010

Filed:

Apr 14, 2006

Appl. No.:

11/404979

Inventors:

Robert Francis O'Donnell - Harwinton CT, US
Marc Joseph Buzzelli - Flanders NJ, US
Robert Alan Fishbein - Tenafly NJ, US
Jacob M. Herschler - Southport CT, US
Daniel O. Kane - Florham Park NJ, US
N. David Kuperstock - Woodbridge CT, US
Steven Lee Putterman - West Hartford CT, US
Polly Rae - Trumbull CT, US
Dain Eric Runestad - Woodbridge CT, US
Robert J. Schwartz - West Granby CT, US

Assignee:

Prudential Insurance Company of America - Newark NJ

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35

Abstract:

A method for providing a financial instrument includes determining an initial account balance associated with a financial instrument based upon an initial deposit amount, wherein the financial instrument includes an account with an account balance that changes over time. The method further includes establishing a first guarantee of a protected value, the protected value including at least an amount based upon the initial account balance growing at a minimum growth rate for a defined period of time or until one or more defined events occur, whichever is sooner; and establishing a second guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of a designated party, wherein the amount comprises a percentage of the protected value at the time of a particular event, provided that the amount may vary based upon withdrawals from the account in excess of a first particular limit.

US Patent:

7962384, Jun 14, 2011

Filed:

Apr 12, 2002

Appl. No.:

10/122942

Inventors:

Robert Arena - Farmington CT, US
Robert O'Donnell - Harwinton CT, US
Robert Schwartz - West Granby CT, US
N. David Kuperstock - Woodbridge CT, US
Tim Paris - Guilford CT, US
Robert Leach - Weston CT, US
Jacob Herschler - Southport CT, US
Mike Morell - Shelton CT, US

Assignee:

The Prudential Insurance Company of America - Newark NJ

International Classification:

G06Q 99/00

US Classification:

705 35

Abstract:

A system, method, and computer program product for allocating assets among a plurality of investments to guarantee a predetermined value at the end of a predetermined time period. A computer program controls the allocation of assets in the investment vehicle, which allows the investor to initially invest one hundred percent of the initial deposit in non-secure, high risk investments. At the end of the each trading day, the computer program determines if assets should be reallocated from the non-secure investments to the secure investments, from the secure investments to the non-secure investments, or if no reallocation is necessary.

US Patent:

7974898, Jul 5, 2011

Filed:

Jul 9, 2008

Appl. No.:

12/170174

Inventors:

Robert Arena - Farmington CT, US
Robert Schwartz - West Granby CT, US
N. David Kuperstock - Woodbridge CT, US
Robert O'Donnell - Harwinton CT, US
Gordon Boronow - Trumbull CT, US

Assignee:

The Prudential Insurance Company of America - Newark NJ

International Classification:

G06Q 40/00
G06Q 10/00

US Classification:

705 35, 705 4, 705 36 R

Abstract:

A system for providing stabilized annuity payments, the system comprising a processor, a memory, and a computer program stored in the memory. The computer program allocates the risks associated with an investment to the potential beneficiaries of the annuitant by controlling the allocation of assets between two investment pools. The annuitant pool is the pool on which annuity payments are based and the beneficiary pool contains assets that are provided to the beneficiaries upon the death of the annuitant. The beneficiary pool is used as a cushion to isolate the contents of the annuitant pool from fluctuations in value. If the underlying investments perform poorly, assets from the beneficiary pool are reallocated to the annuity pool in order to maintain the existing annuity payment. If the underlying investments perform favorably, increasing in value, excess amounts above a set trigger level amount will be periodically transferred to the annuitant pool.

US Patent:

8224728, Jul 17, 2012

Filed:

Feb 16, 2010

Appl. No.:

12/706507

Inventors:

Robert Arena - Farmington CT, US
Robert O'Donnell - Harwinton CT, US
Robert Schwartz - West Granby CT, US
N. David Kuperstock - Woodbridge CT, US
Tim Paris - Guilford CT, US
Robert Leach - Weston CT, US
Jacob Herschler - Southport CT, US
Mike Morell - Shelton CT, US

Assignee:

The Prudential Insurance Company of America - Newark NJ

International Classification:

G06Q 40/00

US Classification:

705 35, 705 36 R

Abstract:

A system, method, and computer program product for allocating assets among a plurality of investments to guarantee a predetermined value at the end of a predetermined time period. A computer program controls the allocation of assets in the investment vehicle, which allows the investor to initially invest one hundred percent of the initial deposit in non-secure, high risk investments. At the end of the each trading day, the computer program determines if assets should be reallocated from the non-secure investments to the secure investments, from the secure investments to the non-secure investments, or if no reallocation is necessary.

US Patent:

20030105652, Jun 5, 2003

Filed:

Apr 12, 2002

Appl. No.:

10/121908

Inventors:

Robert Arena - Farmington CT, US
Robert O'Donnell - Harwinton CT, US
Robert Schwartz - West Granby CT, US
N. Kuperstock - Woodbridge CT, US
Tim Paris - Guilford CT, US
Robert Leach - Weston CT, US
Jacob Herschler - Southport CT, US
Mike Morrell - Shelton CT, US

International Classification:

G06F017/60

US Classification:

705/004000

Abstract:

A system, method, and computer program product for managing an investment to increase the after-tax death benefit of the investment received by the beneficiaries, the system comprising a processor, a memory, and a computer program stored in the memory. The computer program receives and stores information relating to an investment and periodically assesses the value of the investment. The computer program then determines an insurance premium that will provide a death benefit based on the assessed value of the investment. Next, the computer program collects or otherwise receives information of receipt of the insurance premium. In the preferred embodiment, the insurance premium provides a life insurance death benefit of forty percent (40%) of the assessed value of the investment. Because the maximum federal tax on the investment is approximately thirty-six percent (36%) of the investment value, even if the investment were purchased with appreciated assets, the life insurance death benefit ensures that the beneficiaries receive an after-tax death benefit that is substantially equal to or greater than the pre-tax value of the investment.

US Patent:

20100318473, Dec 16, 2010

Filed:

Jul 29, 2010

Appl. No.:

12/846682

Inventors:

Robert Arena - Farmington CT, US
David Kuperstock - Woodbridge CT, US
Robert O'Donnell - Harwinton CT, US
Lincoln Collins - Trumbull CT, US

Assignee:

The Prudential Insurance Company of America - Newark NJ

International Classification:

G06Q 40/00

US Classification:

705 36 T

Abstract:

A system, method, and computer program product for dynamic, cost effective reallocation of assets among a plurality of investment products comprising a processor, a memory and a computer program stored in the memory. The computer program implementing the present invention controls the reallocation of assets to reduce the transactions costs associated with rebalancing the investor's composite assets according to a composite asset allocation model. Information relating to the composite asset allocation model, the investor's assets, and the investor are stored in memory. Periodically, or upon occurrence of an event, the composite assets are evaluated to determine if rebalancing is necessary. If rebalancing is necessary, the transaction costs associated with the available transactions for performing the rebalancing are compared to select the most economically favorable transaction. Thus, the reallocation is achieved by selecting the least costly transaction that will serve to realize the composite asset allocation model, which is independent of the structure of the investor's portfolio among particular accounts or products. In addition, the computer program compares the available options for recovery of the transaction fees to select the most economically favorable means of recovering the fees associated with the transaction to further reduce the transaction cost of the reallocations.