benjamin Receives Strategic Investment – Adds Industry Veteran Bob Conchiglia to Executive Advisory Board

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Funding will be used to grow development team and expand technology integrations; Former Black Diamond executive joins Advisory Board

AI-driven technologies such as benjamin will become the go-to solution for advisors to bring tremendous efficiencies and scale which lead to enhanced profitability and more resilient businesses.

benjamin, the only business support system driven by AI and specifically designed for the wealth management industry, announced today the results of its initial funding round. Proceeds of this strategic investment will be allocated towards hiring additional development talent and expanding integrations with leading advisor technology partners. Participating in the raise was former Black Diamond executive, Bob Conchiglia, who will also join benjamin’s Executive Advisory Board.

“We are thrilled to have Bob join our team to help us grow and expand benjamin,” said Matt Reiner, CEO and co-founder of benjamin. “With his deep industry knowledge, experience and key relationships, he will be instrumental in helping us build out our capabilities while also providing invaluable strategic leadership and industry navigation.”

As an AI-driven business support system, benjamin’s advanced design enables RIAs to automate much of the client journey from streamlining the prospecting process, simplifying onboarding, coordinating meeting scheduling and preparation, as well as ongoing client engagement and relationship management. The combination of these key features provides RIA firms with quantifiable and significant scalable benefits such as increased capacity, operational efficiencies, and client service enhancements. As a key strategic priority, proceeds of the funding round will go towards expanding integrations with leading technology providers to increase market penetration.

Prior to joining benjamin’s Executive Advisory Board, Conchiglia led Advisory Sales for SS&C Advent, which includes industry leading portfolio management and performance reporting platform, Black Diamond. For over a decade, he oversaw the growth of Black Diamond from its initial startup days to over 1,500 clients and $1 trillion in assets*.

“The wealth management industry has been in desperate need of client experience and back-office automation technology to create capacity for growth,” said Conchiglia. “AI-driven technologies such as benjamin will become the go-to solution for advisors to bring tremendous efficiencies and scale which lead to enhanced profitability and more resilient businesses. Particularly in today’s more complex and competitive environment, benjamin’s advanced technology will be paramount to providing these benefits for RIAs and I am excited to join the benjamin team that is leading these efforts on behalf of advisors everywhere.”

*Source data retrieved from https://blackdiamond.advent.com/about-us/history/

About benjamin

benjamin is the financial industry’s first ever business support system driven by AI which seamlessly integrates the software tools and data used by advisors and their teams to better service their clients. benjamin elegantly automates a myriad of time-consuming and menial yet imperative tasks, providing the advisor more time to foster value-added client relationships. The productivity gained by benjamin’s presence empowers firms to quickly scale their business and profitability. Originally created by a multi-billion dollar investment advisory firm, benjamin is now independent, and used by financial advisors nationwide to better serve both current and future families. For more information, visit http://www.Getbenjamin.com

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Matt Reiner
benjamin
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