The latest technology news in the wealth management sector from around the world.

Eton Solutions
Eton Solutions, which provides the cloud-based AtlasFive® technology platform for wealth managers of ultra-high net worth clients, has closed on an investment round of $11.1 million. This brings total investment in its business to more than $20 million. 

The round was led by existing investors, clients and members of senior management, Eton said in a statement this week. 

The capital will be used by Eton to continue expanding its platform as it grow its implementation and client service capabilities.

Eton has more than $250 billion in assets under administration on its AtlasFive platform. Clients include “one of the world’s largest single family offices”, the private wealth management group at “one of the top five US financial services companies”, and a division of one of the “Big 4 accounting and consulting firms”.

The firm said that its platform allows people to build a virtual family office, and it comes with features such as business continuity, disaster recovery and cybersecurity functionalities.

Eton, whose headquarters are in Chapel Hill, North Carolina, has 112 employees globally.