News
Eton Solutions finished 2021 strong! In November, we restructured our product development efforts to better focus on delivering clients a stable and scalable platform. To help achieve this goal, we promoted Jeegar Patel to Chief Product & Technology Officer.
In his new role, Jeegar will be responsible for the architectural design and product development of AtlasFive. He joined the Eton Solutions team earlier in 2021, after working on BlackRock’s Aladdin investment management platform for 18 years. Jeegar’s experience leading multi-year, accelerated technology and commercial product launches will help propel Eton Solutions forward into the next phase of our growth.
One avenue for growth comes from the recognition Eton Solutions continues to receive from others in the wealth management industry. We are delighted to announce Eton Solutions is a finalist for the 2022 With Intelligence Private Asset Management (PAM) Awards in four categories: Best Technology Platform for Family Offices, Best Family Office Service Provider – New Innovations, Best Partnership Accounting System, and Best Firmwide Security Solution. The PAM Awards have recognized leaders in the private asset management industry for over two decades and provide an opportunity for key performers in the community to showcase their achievements and innovations.
The Private Asset Management Awards Ceremony, held next month in New York, will feature top investment professionals, wealth advisors, legal firms, consultants, and other key service providers who have proven themselves to be standout performers in the wealth management industry. Eton Solutions is honored to be recognized amongst such outstanding achievers.
Client Success
Happy, successful clients are the driving force behind all we do at Eton Solutions. A smooth transition from an office’s current system to the AtlasFive® platform is integral to the AtlasFive implementation process. To help make this transition as simple and painless as possible for the personnel in the family office, Eton Solutions has defined a new, innovative methodology of best practices to cover the transfer of knowledge. The goal is for the Eton team to fully understand the current state of the family office, including its workflow, processes, and technology so that we can help facilitate the implementation of AtlasFive and ensure its configuration is optimized to best support the office’s needs.
What we at Eton Solutions call the “As-Is” Assessment is the first step in enabling an individual office to evolve into the family office of the future. During this assessment, the Eton Solutions team works closely with the family office to understand the current state of business, the operating environment, and the technology used. The Eton team also helps identify aspirational requirements for the family office’s operations and reporting, focusing on the value delivered to end clients.
One component of this process is assessing KPIs or other measures of success for the family office. However, this “As-Is” Assessment goes beyond inventorying the current system and includes clear communication to office personnel about pricing and the implementation process. Finally, ensuring efficient onboarding and configuring the system to meet the office’s unique needs is the final part of this “As-Is” Assessment.
This detailed inventory serves several purposes—for both the client and Eton Solutions—but one of its primary goals is to establish Eton Solutions as a trusted partner for the family office. AtlasFive is more than just a software solution. This “As-Is” Assessment facilitates a relationship between Eton Solutions and the family office that shows family office staff the many ways that Eton Solutions can be a support system for their operations. With AtlasFive, a family office gets more than “plug-and-play” software: it gets a team of experts in the field that are ready to help elevate its business to the next level. The “As-Is” Assessment is our clients’ introduction to Eton Solutions’ dedication to their success.
Platform Updates
During Quarter 4, we enhanced AtlasFive with some of its most significant functionality and performance improvements to date. The updates included improvements to transaction processing and bill pay features, built-in support for Reg 9, new reporting outputs, and even better data accuracy. Here are more details about some of the updates you’ll see in the latest version of AtlasFive:
- Bill.com connectivity so users can make payments without logging out of AtlasFive
- A state-of-the-art Bill Pay module for faster transactions and quicker set-up for new vendors
- A Regulation 9 module providing an easy-to-use solution that ensures regulatory compliance using data already in the system
- New and better reporting outputs, including an accounting dashboard and consolidated reporting functionality
- An innovative AI-based test harness for validating all data received to improve data accuracy
- An “entity visibility” feature that allows even more control over who sees what within the system
- Continued advancements to fund accounting capabilities
Security, data quality, and ease of use remain top priorities through each evolution of our platform, and we are pleased to share these new features with our clients. We look forward to their feedback so we can continue to lead these family offices into the future.
We are excited for a prosperous 2022 and continuing our shared journey of building the family office of the future!
