Eton Solutions, developer of the cloud-based AtlasFive® enterprise resource platform (ERP) for the family office of the future, announces the launch of its Administrative Family Office solution and the establishment of its international headquarters in Singapore.

Eton Solutions' international headquarters in Singapore will enable the organisation to streamline its access and support to international markets without relying on North American resources. The international headquarters will focus on serving all markets outside the Americas, including Africa, Europe and the Middle East.

Eton Solutions Administrative Family Office™ (AFO) is a wealth management technology platform that harnesses the power of the company's cutting-edge AtlasFive® software and award-winning service offerings into a single solution thereby democratising access to the technology used by some of the largest family offices in the world.

Family offices can thrive within a reliable operating environment to steward wealth across generations with exciting investment opportunities, international connectivity, high standards of living, and robust tax and regulatory regimes – making Singapore a nexus of the global family office industry.

The establishment of Eton Solutions' international headquarters in Singapore comes at a time when family offices in the island-state are growing rapidly due to the country's emergence as a global financial centre. Based on estimates from the Monetary Authority of Singapore, there were about 700 Family Offices at the end of 2021, almost double the 2020 year-end figure of 400. This makes Singapore an attractive hub for executing international and regional operations.

Leveraging Eton Solutions' suite of services, family offices no longer need to outsource their middle and back-office operations to different providers because the AFO™ creates an entirely digital and integrated client-centric experience from investment reporting to accounting and document management to tax support services.

Eton Solutions, Executive Chairman, Satyen Patel said: "Singapore has become a major destination for family offices globally. Its geo-proximity to over half of the world’s ultra-high-net-worth individuals, and connectivity and working relationships with the major economic powerhouses of China, Taiwan, Hong Kong, Japan, South Korea, Indonesia, Philippines, Thailand, Australia, New Zealand and the Indian sub-continent makes it a prime location for us to serve international markets."