The new solution, its creators say, enables new levels of process efficiency, data accuracy and accessibility, and risk reduction for ultra-high net worth family wealth management offices. The firm has now issued an app.
Eton Solutions, which provides technology for family offices, has announced the introduction of the AtlasFive® Mobile App, which it says is the first such application to give ultra-high net worth clients customizable, flexible access to their net worth, investments, holdings, transactions and documents.
The app builds on Eton Solutions’ work in creating a platform for managing the financial affairs of UHNW clients. In January, it launched the AtlasFive® Client Portal. The app allows users to approve or reject transactions from anywhere in the world.
“Keeping family members informed and facilitating productive and timely interactions is a key responsibility of family offices,” Rob Mallernee, CEO and founder of Eton Solutions, said. “The AtlasFive® Mobile App makes the entire process seamless. It is another major step forward in delivering full transparency and information accessibility to family members to enable faster, more informed decision-making.”
The app’s features include instant governed transaction approvals with a click; reports for customized position views; simplified communication with the office staff through the easy-to-use secure messaging functionality; constant access to important documents; and true net worth reporting refreshed daily, weekly, or monthly.
The firm said its AtlasFive® offering ends family offices’ reliance on manual processes. Its services are now used by family offices with more than $525 billion of assets. Family Wealth Report interviewed Mallernee here about the firm, its strategy and views on issues in the sector.