Eton Solutions, a leading provider of comprehensive wealth management ERP systems for family offices, announced the launch of EtonGPT™, the world’s first GenAI module for family offices. EtonGPT™ integrates the powerful transactional capabilities of Eton Solution’s ERP platform with sophisticated conversational AI capabilities.
Eton Solutions will enable most of the 750 families on AtlasFive ® to benefit from EtonGPT™, which will be available exclusively to AtlasFive ® users to improve the productivity of their family offices.
EtonGPT™ will improve family office operations by seamlessly integrating data stored in documents with transaction data on AtlasFive ® , streamlining processes and increasing productivity. Several Eton Solutions clients, including Shade Tree Advisors ( USA ), Todd Family Office ( New Zealand ) and Aglaia Family Office ( Singapore ), are leveraging the new AI-powered platform to access information and conduct in-depth analysis of their investment and wealth portfolios. EtonGPT™ acts as both an internal search and data extraction tool within the secure, centralized database of the cloud-native ERP platform AtlasFive ® .
The hybrid AI platform, backed by pending patents, combines the best features of various AI technologies. It includes machine learning, expert system-based business rule engines and rich language models to provide unprecedented accuracy and insights. It uses AI-driven data extraction, aggregation, generation, inferencing and transformation to help family offices operate more efficiently and securely.
Satyen Patel , Executive Chairman of Eton Solutions, said: “Our AtlasFive ® solution was the first to offer a centralized data platform with integrated structured data processing for accounting, investments and tax. With the launch of EtonGPT™, the world’s first LLM for family offices, we are embracing cutting-edge technology and reshaping the future of family office management globally. AI is increasingly being used in companies across all industries. While family offices are still largely rooted in manual processes, with the integration of AI they will undergo an unprecedented transformation, making them resilient and future-ready.”
“With EtonGPT™, AtlasFive ® can now analyze and integrate data contained in more than 250 document types such as trust plans, estate plans and partnership agreements. This combination of structured and unstructured data processing offers wealth managers the opportunity to increase their operational efficiency by 2-4x.”
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“EtonGPT™ will be a game-changer, enabling family offices to enhance their reputation, strengthen corporate governance and deliver significant value to the HNWIs and UHNWIs they serve.”
Timothy C. Macherone , Chief Operating Officer of Shade Tree Advisors LLC, said, “I have no doubt that EtonGPT™ can be a potential game changer. By leveraging AI-based technology using EtonGPT™ to automate our document organization and retention processes, we were able to reduce human involvement by 50% and achieve our accuracy goals. Similarly, we see countless opportunities to make our existing processes more efficient by leveraging EtonGPT™ in many verticals, including calculating and posting mark-to-markets for private investments, capturing billing information, and summarizing estate planning documents.”
Andrew Hull , Chief Executive of Todd Family Office, said: “AI is transforming the way we work at the Todd Family Office and our partnership with Eton Solutions has proven beneficial. We are challenged to address AI hallucinations and concerned about the potential misuse of this technological ‘silver bullet’. We are working with Eton Solutions to create a framework for responsible AI use that harnesses the full power of AI with transparency, ethics and trust at its core. Together we are setting the standard for the future of AI for family offices.”
Stephen Hunt , Chief Executive Officer of Aglaia Family Office Pte. Ltd., said: “Aglaia Family Office is proud to be pioneering the establishment of automated and AI-powered consolidated portfolio reporting and analytics solutions in Asia. Our commitment goes beyond just automation. We are focused on the responsible use of AI and ensuring that its integration into our operations not only improves efficiency but also increases timeliness and accuracy. The early success of EtonGPT reinforces our belief that we are on the right track with Eton Solutions.”
As AI becomes increasingly integrated into modern enterprises, Eton Solutions recognizes that the cybersecurity challenges posed by traditional threats such as phishing, malware, and data breaches are being expanded to include AI-based risks such as deepfakes, abuse, and algorithmic bias. To reduce or mitigate these risks, Eton Solutions is working with its client advisory board to adopt frameworks that encompass ethics, security, transparency, trust, and protection.
Source: PRNewswire