Multi-agent systems (MAS) built on Large Language Models (LLMs) are proliferating rapidly, but their heterogeneous execution traces provide no common basis for evaluation across methods. Outcome-only benchmarks discard collaborations, whereas LLM-as-Judge evaluation requires additional, model-dependent inference and can vary with the LLM and rubric. We introduce a generalizable evaluation framework that maps native MAS traces into a shared space of unified collaboration graphs, enabling different methods to be evaluated under the same representation, reference set, and metric panel. Candidate graphs are compared with a query-specific reference forest. Each forest is a benchmark-provided collection of verified-success graphs: it records diverse ways in which representative MAS methods can complete the task, rather than prescribing a unique optimal process. Instantiating the framework as ForestBench, we filter $844$ collaboration-necessary queries from seven public datasets, precompute ten successful target-conditioned reference graphs per query, and evaluate six representative MAS frameworks. Controlled backbone, reference-construction, and perturbation studies test the stability and scope of evaluation. Once the benchmark forests are built, ForestBench scores a trace in milliseconds without further LLM inference, providing a reusable structural basis for comparing diverse MAS collaboration traces.
Conversational investment advisors influence not only what users know, but also how they make subsequent decisions as market conditions evolve. Existing evaluations primarily assess response quality or observed outcomes, leaving the long-horizon pathway from advisor language to investor behavior difficult to audit. We introduce ShiJianBench, an offline framework for evaluating conversational investment advisors through matched investor trajectories under fixed historical market feedback. At its core is a multi-agent investor simulator with explicit evolving state variables, motive-driven deliberation, long-term memory, and dialogue-grounded updates. The simulator is calibrated against aggregate behavioral patterns from 7,199 real users, and advisor policies are evaluated using separate investor-side, service-side, and content-side metrics under a hard compliance gate. Experiments on Chinese fund-market traces from 2021 to 2026 identify a stable leading group of LLM advisors that combines substantially stronger personalized content with competitive investor-side trajectory outcomes. These results reveal a systematic distinction between producing a high-quality response and delivering an effective long-horizon intervention, motivating trajectory-aware evaluation of conversational advisors.