David Miller

Founder & CEO, Alchemy of Scale · 1 appearance on the record.

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David Harrison Miller is an entrepreneur and business coach who previously founded and led the wealth management firm PeachCap before launching Alchemy of Scale. He authored the 2016 book Wealth Kryptonite and serves as Chief Strategy Officer at FlowGardens.

7statements → 5claims → 3claims resolved → 33%fully supported → 3.86/5average certainty → 1.43/5average debate potential →

1 supported 2 partly supported 0 contradicted 2 not checkable as stated how the 5 claims stand · each chip opens the sources

1 prediction · 4 assertions · 2 insights · every statement was checked. The prediction and assertions are the 5 claims: statements the public record can support or contradict. 3 are resolved, and 2 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how David argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported

Miller: Peach Capital will finish the year at $7.5M in revenue

“We were number one 22 on the 5000. How many thousands of percents that was we'll end the year this year in at 7.5 million.”

David Miller Jan 14, 2018 ▶ 7:58 904 5 Revenue Streams of Financial Services Business Makes Founder $7.5m Annually

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of David Miller on measured tape to publish a rate. This says nothing about how they speak.

What they said7 Episodes1

Everything David Miller said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight

Miller: Financial advisory practices run like fiefdoms due to lacking tech

“The average, Nathan, the average financial advisory practice in the space is a two to ten-man woman shop, and it's run like a fiefdom because of lack of operating systems, like a technology that's changed the environment, and we help, and it's not because of i…”

David Miller Jan 14, 2018 ▶ 4:09 904 5 Revenue Streams of Financial Services Business Makes Founder $7.5m Annually

Insight

Miller: Robo-advisors will need human advisors when the market turns down

“The strong robos, they embrace the human advisor. They embrace the human element. They realize whenever the market turns, you know, turn south, which we, you know, we haven't had a recession since June of 2009 turn south. It doesn't matter whether you have 10,…”

David Miller Jan 14, 2018 ▶ 14:11 904 5 Revenue Streams of Financial Services Business Makes Founder $7.5m Annually

Assertion Not checkable as stated

Miller: Peach Capital's ARPU is $1,900 per retail client

“Our current average ARPU is, is 1900 for the end client, the end retail client, not the advisor.”

David Miller Jan 14, 2018 ▶ 5:26 904 5 Revenue Streams of Financial Services Business Makes Founder $7.5m Annually

Prediction Not checkable as stated

Miller: Peach Capital ARPU will reach ~$5,100 per retail client

“When our service model is, is implemented more efficiently and we bring on more wealth management firms, our ARPU is going to be about 5100 per end retail client.”

David Miller Jan 14, 2018 ▶ 5:36 904 5 Revenue Streams of Financial Services Business Makes Founder $7.5m Annually

Assertion Partly supported

Miller: Peach Capital acquired ~10 companies since 2013

“In 2013, to answer your question I started buying companies. We bought approximately 10 companies. Which consisted of a broker, dealer, tax firm investment advisory.”

David Miller Jan 14, 2018 ▶ 6:22 904 5 Revenue Streams of Financial Services Business Makes Founder $7.5m Annually

Assertion Supported

Miller: Peach Capital will finish the year at $7.5M in revenue

“We were number one 22 on the 5000. How many thousands of percents that was we'll end the year this year in at 7.5 million.”

David Miller Jan 14, 2018 ▶ 7:58 904 5 Revenue Streams of Financial Services Business Makes Founder $7.5m Annually

Assertion Partly supported

Miller: The average financial advisor is 61 years old

“The average age of a financial advisor is 61 years old, and 10, even more importantly, 10% of those advisors are under the age of 35.”

David Miller Jan 14, 2018 ▶ 13:18 904 5 Revenue Streams of Financial Services Business Makes Founder $7.5m Annually

Appearances (1)

Episode	Date	Speaking time
904 5 Revenue Streams of Financial Services Business Makes Founder $7.5m Annually	Jan 14, 2018	8m

David Miller

The record, in short

Their most notable supported claim

How they sound: not measured why? →

Appearances (1)

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