Eton Solutions, L.P. (Eton), the provider of the cloud-based AtlasFive technology platform for ultra-high net worth wealth management, has closed on an investment round of $11.1 million, bringing total investment in the company and platform to over $20 million. The round was led by existing investors, clients and members of senior management.
Eton is leveraging the deep domain expertise of ultra-high net worth wealth management industry veterans to offer a cloud-native, SaaS platform geared to the complex and specific asset management needs of this market. The capital raised will be used to continue expansion of Eton’s AtlasFive platform as well as the build out of its implementation and client service capabilities.
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Eton Solutions has over $250 billion in assets under administration (AUA) on its AtlasFive platform and continues to refine the platform with some of the most demanding, leading-edge and technology-savvy customers throughout North America. They include:
- One of the world’s largest Single Family Offices,
- The private wealth management group at one of the Top 5 U.S. Financial Services Companies, and
- A division of one of the Big 4 Accounting and Consulting firms.
“This financing allows us to continue to expand the functionality of our comprehensive AtlasFive platform and to ensure our clients’ early success by delivering support through our implementation and client services. AtlasFive empowers our clients to transform the management of their most sophisticated, complex family offices through state-of-the-art technology powered by thoughtful business process design,” said Eton Solutions CEO Robert Mallernee.
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