Eton Solutions, a leading provider of comprehensive wealth management ERP systems for family offices, has announced the launch of EtonGPT, the world's first GenAI module specifically designed for family offices globally. This innovative module combines the robust transactional capabilities of Eton Solutions' ERP platform with advanced conversational AI features.
EtonGPT will be made available exclusively to AtlasFive users, benefitting the majority of the 750 families currently on the platform. This integration is set to enhance the productivity of family offices by seamlessly merging data from documents with transactional data on AtlasFive, streamlining processes and significantly boosting efficiency.
Several clients of Eton Solutions, including Shade Tree Advisors (US), Todd Family Office (New Zealand), and Aglaia Family Office (Singapore), are already utilizing this new AI-enabled platform. EtonGPT serves as both an internal search and data extraction tool within the secure, centralized database of the cloud-native AtlasFive ERP platform. This hybrid AI platform, backed by pending patents, incorporates machine learning, expert systems-based business rule engines, and large language models to deliver unparalleled accuracy and insights.
Satyen Patel, Executive Chairman of Eton Solutions, highlighted the significance of EtonGPT, stating, "With the launch of EtonGPT, the world's first family office LLM, we are embracing cutting-edge technology and reshaping the future of family office management across the globe." He emphasized the transformative impact of AI on family offices, which have traditionally relied on manual processes, and the potential for EtonGPT to revolutionize operational efficiency.
Timothy C. Macherone, Chief Operating Officer of Shade Tree Advisors LLC, praised EtonGPT's capabilities, noting a 50% reduction in human involvement and improved accuracy in document organization and retention processes. Andrew Hull, Chief Executive of Todd Family Office, discussed the partnership with Eton Solutions and the development of a Responsible AI framework to ensure ethical and transparent AI use.
Stephen Hunt, CEO of Aglaia Family Office Pte. Ltd., expressed confidence in EtonGPT's early success and its role in enhancing efficiency and accuracy. Eton Solutions is also addressing cybersecurity challenges, including AI-based risks such as deepfakes and algorithmic bias, by working with its Customer Advisory Board to develop frameworks that prioritize ethics, safety, transparency, trust, and security.
