US Patent Issued to Edward Jones & Co. on Sept. 23 for "System and method for income managed account" (Missouri Inventors)

ALEXANDRIA, Va., Sept. 23 -- United States Patent no. 12,423,752, issued on Sept. 23, was assigned to Edward Jones & Co. (St. Louis).

"System and method for income managed account" was invented by William Elliott Fiala (Creve Coeur, Mo.) and Matthew James Mikula (St. Louis).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method for managing a consolidated account which consolidates the cash flows of a plurality of different accounts and outside income, tracks the cash flows, monitors the sustainability of income streams and expense needs, makes projections for further potential cash flows, has the ability to make variable distributions, tracks the current and projected balance in the income manage...