Cash sweep account platform system and method

Abstract

An integrated banking transaction services (IBTS) module receives an instrument from a client to initiate a brokerage transaction between a broker-dealer and an investment firm. The IBTS module transmits a notification message to a broker-dealer that the instrument was presented. The IBTS module receives a confirmation message from the broker-dealer that includes information as to whether to pay the instrument. If the instrument is to be paid, the IBTS module transmits information associated with the brokerage transaction to a sub-accounting engine.

1 - 20 . (canceled) 
     
     
         21 . A method for managing brokerage and cash sweep accounts, the method comprising:
 maintaining an investment account for a client, wherein the investment account is maintained by a broker-dealer;   maintaining an integrated banking transaction services individual account for the client, wherein the integrated banking transaction services individual account is maintained by an integrated banking transaction services system; and   maintaining a sub-accounting individual account for the client, wherein the sub-accounting individual account is maintained by a sub-accounting engine, and wherein the sub-accounting individual account maintains the client's positions in one or more investment funds allocated as brokerage funds and/or cash sweep funds.   
     
     
         22 . The method of  claim 21 , further comprising modifying the investment funds allocated as brokerage funds and/or cash sweep funds by updating the investment account and the sub-accounting individual account only. 
     
     
         23 . The method of  claim 21 , further comprising providing banking services, wherein the banking services are provided by the integrated banking transaction services system and the banking services are provided through the integrated banking transaction services individual account. 
     
     
         24 . The method of  claim 23 , wherein the banking services include checking and debit card services. 
     
     
         25 . The method of  claim 21 , further comprising allocating funds, deposited by the client, to brokerage funds and/or cash sweep funds as specified by the client. 
     
     
         26 . The method of  claim 21 , further comprising depositing funds, generated by a sale of one or more of the client's account positions, into one or more cash sweep funds as specified by the client, wherein the deposited funds are accessible to the client through the integrated banking transaction services individual account. 
     
     
         27 . The method of  claim 21 , further comprising maintaining the investment funds available to the client, wherein the available investment funds are maintained by the sub-accounting engine. 
     
     
         28 . The method of  claim 21 , further comprising maintaining the investment account in an individual account. 
     
     
         29 . The method of  claim 21 , further comprising maintain the investment account in an omnibus account. 
     
     
         30 . A system for managing brokerage and cash sweep accounts, the system comprising:
 a broker-dealer, wherein the broker-dealer maintains an investment account for a client;   an integrated banking transaction services system configured to maintain an integrated banking transaction services individual account for the client; and   a sub-accounting engine configured to maintain a sub-accounting individual account for the client, wherein the sub-accounting individual account maintains the client's account positions in one or more investment funds allocated as brokerage funds and/or cash sweep funds.   
     
     
         31 . The system of  claim 30 , wherein the broker-dealer is operable to modify the investment funds allocated as brokerage funds and/or cash sweep funds by updating the investment account and the sub-accounting individual account only. 
     
     
         32 . The system of  claim 30 , wherein the integrated banking transaction services system is operable to provide banking services, and wherein the banking services are provided through the integrated banking transaction services individual account. 
     
     
         33 . The system of  claim 32 , wherein the banking services include checking and debit card services. 
     
     
         34 . The system of  claim 30 , wherein the sub-accounting engine is operable to allocate funds, deposited by the client, to brokerage funds and/or cash sweep funds as specified by the client. 
     
     
         35 . The system of  claim 30 , wherein the sub-account engine is operable to deposit funds, generated by the sale of one or more of the client's account positions, into one or more cash sweep funds as specified by the client, wherein the deposited funds are accessible to the client through the integrated banking transaction services individual account. 
     
     
         36 . The system of  claim 30 , wherein the sub-accounting engine is operable to maintain the investment funds available to the client. 
     
     
         37 . The system of  claim 30 , wherein the broker-dealer maintains the investment account in an individual account. 
     
     
         38 . The system of  claim 30 , wherein the broker-dealer maintains the investment account in an omnibus account. 
     
     
         39 . An apparatus comprising:
 a processor; and   a memory coupled to the processor, wherein the memory stores program instructions, which when executed from the memory cause the processor to:
 maintain an investment account for a client, wherein the investment account is maintained by a broker-dealer; 
 maintain a integrated banking transaction services individual account for the client, wherein the integrated banking transaction services individual account is maintained by an integrated banking transaction services system; 
 maintain a sub-accounting individual account for the client, wherein the sub-accounting individual account is maintained by a sub-accounting engine, and wherein the sub-accounting individual account maintains the client's positions in one or more investment funds allocated as brokerage funds and/or cash sweep funds; 
 modify the investment funds allocated as brokerage funds and/or cash sweep funds by updating the investment account and the sub-accounting individual account only; and 
 provide banking services, wherein the banking services are provided by the integrated banking transaction services system and the banking services are provided through the integrated banking transaction services individual account. 
   
     
     
         40 . A non-transitory computer-readable medium containing program instructions for causing a computer to perform the steps of:
 maintaining an investment account for a client, wherein the investment account is maintained by a broker-dealer;   maintaining a integrated banking transaction services individual account for the client, wherein the integrated banking transaction services individual account is maintained by an integrated banking transaction services system;   maintaining a sub-accounting individual account for the client, wherein the sub-accounting individual account is maintained by a sub-accounting engine, and wherein the sub-accounting individual account maintains the client's positions in one or more investment funds allocated as brokerage funds and/or cash sweep funds;   modifying the investment funds allocated as brokerage funds and/or cash sweep funds by updating the investment account and the sub-accounting individual account only; and   providing banking services, wherein the banking services are provided by the integrated banking transaction services system and the banking services are provided through the integrated banking transaction services individual account.