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Bench
Bench is an SEC-registered investment adviser in Boca Raton, FL, registered since 2022.
Bench
Bench is an SEC-registered investment adviser in Boca Raton, FL, registered since 2022. The firm manages $708 million in assets, with $514 million on a discretionary basis. It has 15 employees and 13 investment advisers.
General information
Firm type
Asset Manager
Year founded
2012
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Boca Raton
Corporate office
Vancouver, BC, Canada
Principals
Ian Crosby
Co-Founder
Jordan Menashy
Co-Founder
Sector focus
Frequently asked questions
How does Bench source and retain its bookkeeping workforce?
Bench employs its bookkeepers directly as salaried professionals and organizes them into dedicated, client-facing teams. The firm's operations are primarily run out of Vancouver, BC, where it has centralized its engineering, product, and bookkeeping delivery functions. This in-house, cross-border employment structure distinguishes the model from marketplace platforms that rely on independent contractors, creating a more controllable and consistent client experience.
Is Bench a family office or an asset manager deploying capital into companies?
Bench is neither. It is an operating company providing bookkeeping and tax services to small businesses. The firm has raised venture capital to fund its own operations, most recently closing a $60 million Series C in 2021, but it does not manage third-party capital or maintain an investment portfolio.
What is Bench's geographic coverage for clients and operations?
As of mid-2026, Bench exclusively serves small business owners based in the United States. Its operational headquarters and primary product delivery center are located in Vancouver, British Columbia, Canada, a structure that pairs a Canadian cost base with a U.S. client base. The company has not disclosed additional office locations.
Who runs Bench day to day, and how has the leadership evolved?
Bench was co-founded by Ian Crosby and Jordan Menashy, who led the company through its TechStars accelerator acceptance in 2012 and the subsequent relocation to Vancouver. In late 2021, coinciding with the Series C raise, Jean-Philippe Durrios was appointed Chief Executive Officer to scale the company into the tax advisory segment, while the founders remained active in senior roles until their respective departures in subsequent years. As of early 2024, Bench appointed a new CEO to lead the integration of its tax services following a period of operational restructuring.
Does Bench participate in co-investments or operate philanthropic structures?
No. Bench is a venture-backed operating company, not an investment firm, and it maintains no disclosed philanthropic foundation, donor-advised fund, or co-investment vehicle. The firm's entire capital activity consists of raising equity to fund its own product development, marketing, and service delivery operations.
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