Eton Solutions, a leading US wealth management platform, has launched an innovative AI tool designed to enhance operational efficiency for global wealth managers and family offices. This tool automates key administrative functions, including onboarding, billing, month-end reconciliations, and tax processing, while also achieving ISO 42001 certification for cybersecurity and transparency. The AI has been successfully implemented in various offices worldwide, including London, catering to a high concentration of ultra-high-net-worth individuals.
In a case study with Shade Tree Advisors, significant improvements were noted: processing custodian account statements dropped from over 8 minutes to around 2 minutes, achieving over 97% accuracy. The tool also automated tax document renaming and credit card transaction categorization, saving hundreds of hours annually. Despite concerns about data privacy and legacy systems, Eton Solutions emphasizes its commitment to responsible AI governance, ensuring trust and transparency in its platform for wealth management professionals.
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