The US-headquartered business said the solution is a ground-breaker for the world's family offices industry.

Eton Solutions, which provides cloud-based services for family offices, has launched EtonGPT™, which it says is the world’s first generative AI module for family offices globally. 

EtonGPT™ integrates the transactional capabilities of Eton Solution's ERP [enterprise resource planning] platform, it said.

The launch shows how the firm is using AI to change how family offices – a sector not traditionally known for technological sophistication – operate.

Eton Solutions was created by Eton Advisors, a multi-family office, about a decade ago. In May last year, Eton Solutions launched what it said was an industry-first Administrative Family Office (AFO)™. This is for ultra-high net worth families, starting from $25 million in assets, offering the same capabilities as large SFOs. In September 2023, Eton Solutions opened an office in the United Arab Emirates; it also established an international headquarters in Singapore.

The new offering
Eton Solutions will enable most of the 750 families on its AtlasFive® platform to use the AI service. It will be exclusively available to AtlasFive®.

The new offering will integrate data stored in documents with transaction data on AtlasFive®.

Several of Eton Solutions clients, including Shade Tree Advisors (US), Todd Family Office (New Zealand) and Aglaia Family Office (Singapore) have been using this new AI-enabled platform. 

“Our AtlasFive® solution was the first to offer a centralized data platform that had integrated structured data processing across accounting, investment and tax functions,” Satyen Patel, Eton Solutions’ executive chairman, said. “AI is increasingly being deployed across businesses. While family offices have largely remained rooted in manual processes, with the integration of AI, they will undergo an unparalleled change, making them resilient and future-ready.”

Timothy Macherone, chief operating officer of Shade Tree Advisors, added: "I do not doubt that EtonGPT™ can be a potential game-changer. In deploying the AI-based technology, which involved leveraging EtonGPT™ to automate our document organization and retention processes, we reduced human involvement by 50 per cent and met our accuracy goals. 

“Similarly, we see countless opportunities to unlock efficiencies in our legacy processes through the use of EtonGPT™ in many verticals, including calculating and posting mark-to-markets on private investments, logging invoice information, and summarizing estate planning documents,” Macherone said.