SYSTEM, METHOD, AND COMPUTER PROGRAM PRODUCT FOR COST EFFECTIVE, DYNAMIC ALLOCATION OF ASSETS AMONG A PLURALITY OF INVESTMENTS

摘要

A system, method, and computer program product for dynamic, cost effective reallocation of assets among a plurality of investment products. The system of the present invention controls the reallocation of assets 120 to reduce the transactions costs 250 associated with rebalancing the investor's composite assets according to a composite asset allocation model. 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 250, which is independent of the structure of the investor's portfolio among particular accounts or products.