Jason W Scott

US Patent:

7016870, Mar 21, 2006

Filed:

Feb 1, 2000

Appl. No.:

09/495982

Inventors:

Christopher L. Jones - Redwood Shores CA, US
William F. Sharpe - Los Altos CA, US
Jason S. Scott - San Carlos CA, US
John G. Watson - Menlo Park CA, US
Jeff N. Maggioncalda - Menlo Park CA, US
Geert Bekaert - Menlo Park CA, US
Steven R. Grenadier - Los Altos CA, US
Ronald T. Park - Menlo Park CA, US

Assignee:

Financial Engines - Palo Alto CA

International Classification:

G06F 17/00

US Classification:

705 35

Abstract:

A financial advisory system is provided. According to one aspect of the present invention, return scenarios for optimized portfolio allocations are simulated interactively to facilitate financial product selection. Return scenarios for each asset class of a plurality of asset classes are generated based upon estimated future scenarios of one or more economic factors. A mapping from each financial product of an available set of financial products onto one or more asset classes of the plurality of asset classes is created by determining exposures of the available set of financial products to each asset class of the plurality of asset classes. In this way, the expected returns and correlations of a plurality of financial products are generated and used to produce optimized portfolios of financial products. Return scenarios are simulated for one or more portfolios including combinations of financial products from the available set of financial products based upon the mapping.

US Patent:

7249081, Jul 24, 2007

Filed:

Feb 23, 2001

Appl. No.:

09/792258

Inventors:

James W. Shearer - San Francisco CA, US
John G. Watson - Menlo Park CA, US
Jason S. Scott - San Carlos CA, US

Assignee:

Financial Engines, Inc. - Palo Alto CA

International Classification:

G06Q 40/00

US Classification:

705 36, 705 35, 705 37

Abstract:

A process utilizing a modification to the inputs to a standard portfolio optimization is provided for facilitating load aware optimizations. First, each loaded financial product, such as a mutual fund having a front end or back end load, of a set of available financial products is modeled as a loaded portion and an unloaded portion by determining an adjusted return. The adjusted return is based on a period the load bearing financial product is projected to be held in a portfolio and the amount of the load. A variable relating the fraction of a loaded financial product in the portfolio may be decomposed into two variables (one representing the loaded portion and another representing the unloaded portion) to regain the quadratic programming problem. The optimization may then be performed using quadratic programming techniques, and the fraction of each loaded financial product in the portfolio is calculated by combining the two variables.

US Patent:

7321871, Jan 22, 2008

Filed:

Sep 17, 2001

Appl. No.:

09/955394

Inventors:

Jason S. Scott - Menlo Park CA, US
Christopher L. Jones - Redwood Shores CA, US
James W. Shearer - San Francisco CA, US
John G. Watson - Menlo Park CA, US

Assignee:

Financial Engines, Inc. - Palo Alto CA

International Classification:

G06Q 40/00

US Classification:

705 36R

Abstract:

A portfolio optimization process that diversifies model risk by favoring a more diversified portfolio over other portfolios with similar characteristics is provided. According to one aspect of the present invention, an intelligent search is performed for a diverse portfolio that meets a predetermined diversity budget. An initial portfolio is determined based upon an available set of financial products. The cost associated with more diversified portfolios compared to the initial portfolio is considered and one of the more diversified portfolios is selected that has an associated cost that is less than or equal to the predetermined diversity budget.

US Patent:

7339470, Mar 4, 2008

Filed:

Mar 10, 2006

Appl. No.:

11/373030

Inventors:

Jason Scott - Oakland CA, US

International Classification:

G08B 1/08

US Classification:

34053913, 3405391, 3405721, 3405728, 3406861, 34082536, 34082549

Abstract:

A process that records, transmits and analyzes moment-to-moment data of objects of interest at an event for the production of a digital representation of the event. This representation is the result of a short-range radiolocation system used for tracking objects. Computing systems re-create timed sequences of event and broadcasts the digital representation to both local interactive PDA's and to internet virtual casts. Four or more receivers are situated so as to cover the entire area of the event. Transmitter tags are placed on all objects (e. g. , players, ball etc). The processor receives the data and compiles it for digital recreation and transmission to the aforementioned destination devices.

US Patent:

7788155, Aug 31, 2010

Filed:

Sep 2, 2005

Appl. No.:

11/219513

Inventors:

Christopher L. Jones - Foster City CA, US
William F. Sharpe - Los Altos CA, US
Jason S. Scott - Menlo Park CA, US
John G. Watson - Menlo Park CA, US
Jeff N. Maggioncalda - Menlo Park CA, US
Geert Bekaert - Menlo Park CA, US
Steven R. Grenadier - Los Altos CA, US
Ronald T. Park - Menlo Park CA, US

Assignee:

Financial Engines, Inc. - Palo Alto CA

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35

Abstract:

A financial advisory system is provided. According to one aspect of the present invention, return scenarios for optimized portfolio allocations are simulated interactively to facilitate financial product selection. Return scenarios for each asset class of a plurality of asset classes are generated based upon estimated future scenarios of one or more economic factors. A mapping from each financial product of an available set of financial products onto one or more asset classes of the plurality of asset classes is created by determining exposures of the available set of financial products to each asset class of the plurality of asset classes. In this way, the expected returns and correlations of a plurality of financial products are generated and used to produce optimized portfolios of financial products. Return scenarios are simulated for one or more portfolios including combinations of financial products from the available set of financial products based upon the mapping.

US Patent:

7813989, Oct 12, 2010

Filed:

Oct 28, 2008

Appl. No.:

12/259429

Inventors:

Christopher L. Jones - Belmont CA, US
William F. Sharpe - Carmel CA, US
Jason S. Scott - Los Altos CA, US
John G. Watson - Menlo Park CA, US
Jeff N. Maggioncalda - Palo Alto CA, US
Geert Bekaert - Menlo Park CA, US
Steven R. Grenadler - Los Altos CA, US
Ronald T. Park - Menlo Park CA, US

Assignee:

Financial Engines, Inc. - Palo Alto CA

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35

Abstract:

A financial advisory system is described that facilitates planning regarding financial goals, such as retirement. According to one embodiment, a method of forecasting a future value of a financial product holding is provided. Exposure analysis is performed on a financial product in which an investor holds an interest to determine how the financial product behaves relative to a set of asset classes. A forecast is generated for the financial product holding at a configurable time horizon based on forward-looking scenarios of one or more asset classes of the set of asset classes. Based on the forecast, information is directly or indirectly caused to be presented regarding a projected value of the financial product holding at the configurable time horizon.

US Patent:

7983975, Jul 19, 2011

Filed:

May 26, 2008

Appl. No.:

12/127000

Inventors:

Christopher L. Jones - Belmont CA, US
William F. Sharpe - Carmel CA, US
Jason S. Scott - Los Altos CA, US
John G. Watson - Menlo Park CA, US
Jeff N. Maggioncalda - Palo Alto CA, US
Geert Bekaert - Menlo Park CA, US
Steven R. Grenadler - Los Altos CA, US
Ronald T. Park - Menlo Park CA, US

Assignee:

Financial Engines, Inc. - Palo Alto CA

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35, 705 37

Abstract:

A financial advisory system is provided. According to one aspect of the present invention, return scenarios for optimized portfolio allocations are simulated interactively to facilitate financial product selection. Return scenarios for each asset class of a plurality of asset classes are generated based upon estimated future scenarios of one or more economic factors. A mapping from each financial product of an available set of financial products onto one or more asset classes of the plurality of asset classes is created by determining exposures of the available set of financial products to each asset class of the plurality of asset classes. In this way, the expected returns and correlations of a plurality of financial products are generated and used to produce optimized portfolios of financial products. Return scenarios are simulated for one or more portfolios including combinations of financial products from the available set of financial products based upon the mapping.

US Patent:

8200561, Jun 12, 2012

Filed:

Mar 31, 2003

Appl. No.:

10/404818

Inventors:

Jason Scott - Los Altos CA, US
Joshua David Schwab - San Francisco CA, US
John G. Watson - Menlo Park CA, US
Wei-Yin Hu - Menlo Park CA, US
James William Shearer - San Francisco CA, US

Assignee:

Financial Engines, Inc. - Palo Alto CA

International Classification:

G06Q 40/00

US Classification:

705 36T, 705 36 R

Abstract:

A method of tax-aware asset allocation is provided. According to one embodiment, information is received regarding financial products available for investment in a taxable account and a tax deferred account of an investor. Information is also received regarding current investments held in the taxable account and the tax deferred account. Tax characteristics associated with each financial product is determined by evaluating information regarding distributions and/or information regarding turnover. Relevant financial circumstances of the investor are also determined. Finally, advice is formulated regarding a recommended portfolio of financial products, including a recommendation regarding which of the taxable account and the tax deferred account each financial product in the recommended portfolio should be held by performing a portfolio optimization process that takes into consideration the tax characteristics, the relevant financial circumstances, and tax implications of holding the financial products in the taxable account versus the tax deferred account.