Eton Solutions has launched EtonGPT, an innovative AI-driven tool designed to support family offices through advanced data extraction, summarization, generation, inferencing, and transformation.

By integrating structured and unstructured data, EtonGPT is expected to significantly boost operational efficiency for wealth managers, potentially increasing it by two to four times.

This new solution integrates seamlessly with Eton Solutions' ERP platform, AtlasFive, enhancing its transactional capabilities.

As part of its expansion, Eton Solutions has partnered with Catamaran Ventures, the family office of Infosys founder Narayana Murthy, marking its entry into the Indian market.

In September 2023, Eton Solutions opened a new office in the UAE and established its international headquarters in Singapore.

Earlier this year, Eton Solutions introduced the Administrative Family Office (AFO)™ to cater specifically to ultra-high net worth families with assets starting from $25 million.

The launch of EtonGPT represents a significant technological advancement for family offices, a sector that has traditionally lagged in technological sophistication.

Satyen Patel, Executive Chairman of Eton Solutions, emphasized that the adoption of AI will transform family office management, which has relied heavily on manual processes.

Eton Solutions is proactively addressing cybersecurity challenges associated with AI, including deepfakes and algorithmic bias, by collaborating with its Customer Advisory Board to develop safety and ethics frameworks.

Notable clients such as Shade Tree Advisors, Todd Family Office, and Aglaia Family Office are already utilizing EtonGPT for investment and asset analysis, showcasing its practical applications.

The deployment of AI in family offices signifies a major shift from traditional manual processes, enhancing resilience and future preparedness.

Timothy C. Macherone from Shade Tree Advisors reported a remarkable 50% reduction in human involvement in document management processes due to EtonGPT, achieving improved accuracy.