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Sometimes when it's time to make a change, you just have to go for it. Or at least that's how it happened for Gil Miller.
Gil had been working as a forensic accountant since 1985 and spent 22 of those years employed by PricewaterhouseCoopers, the largest accounting firm in the world. He realized some time ago that although he loved working at the firm, his opportunities, and those of his employees, were limited. In order to advance, many of them would need to move to larger cities. He also had to turn away a significant amount of new business because it represented a conflict of interest.
In March 2010, Gil and his entire department left PricewaterhouseCoopers to start their own firm, Rocky Mountain Advisory. The departure was surprising but amicable. In fact, Gil's group was housed in the PricewaterhouseCoopers facility for nearly two months until they were able to get into their new office in downtown Salt Lake City.
Rocky Mountain Advisory is an accounting firm that provides various accounting services outside the range of traditional auditing and tax, such as forensic accounting, bankruptcy and turnaround, dispute analysis and business valuation. The federal government often hires the firm to perform investigations for the Securities and Exchange Commission and as expert witnesses in fraud cases. Sometimes this also includes acting as bankruptcy trustees.
Gil says fraudulent activity increases in the midst of a recession. Rocky Mountain Advisory is currently assisting in the investigation of the state of Utah's largest Ponzi scheme. When the economy improves, Gil anticipates the focus will shift to more litigation and valuation work. As such a specialized accounting firm with connections to major local law firms and financial institutions, he predicts that Rocky Mountain Advisory will continue to grow.
For Zions Bank, I'm Rob Brough. I'm speaking on business.
