CHAPEL HILL – Eton Solutions, a provider of wealth management technology, has wrapped up a new round of financing totalling $$11.1 million.

The firm has raised more than $20 million since launch in 2012 by finance veteran Robert Mallernee.

Eton offers what it calls “the industry’s first end-to-end technology platform AtlasFive, plus a wealth of services to power your business.”

Previous investors, senior management and clients led the round.

The firm said in security filings it raised some $5 million in 2019 and $4 million in 2018.

“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 Mallernee in the funding announcement.

Prior to co-founding Eton Advisors, Mallernee served as head of the UBS Multi-Family Office Group.

“In addition to enhancing the efficiency and effectiveness of family office management, our cloud-based integrated platform facilitates the creation of virtual family offices allowing both office staff and clients immediate access to the information they need to continue to manage their business processes from anywhere at any time. Business continuity, disaster recovery and cyber security functionalities are embedded in the platform to enable our clients to focus on the critical task of advising their clients. Eton Solutions is bringing these cloud-based capabilities to market just in time to address the requirements of today’s remote work environment which will only become more important in the aftermath of the current Coronavirus pandemic,” added Satyen Patel, Chairman of Eton board, in the announcement.