William Culbertson III is a Series 65 licensed financial advisor with 20 years of industry experience. He is currently with MindState Capital LLC, where he has worked since 2022. Prior to that, he spent 15 years at Bastiât Capital, LLC. MindState Capital is a boutique registered investment adviser managing approximately $70 million for about 16 clients, primarily high-net-worth individuals, trusts, and legal entities. The firm provides discretionary portfolio management using a combination of fundamental research, quantitative optimization, and derivatives strategies, with advisor-led oversight and quarterly reviews.

Paul Horng is a CFA® charterholder with 12 years of industry experience. He currently works at MindState Capital LLC, where he has been since 2024. Prior to this, he spent eight years at Badgley Phelps & Bell DBA Badgley Phelps Wealth Managers and three years at Badgley Phelps Wealth Managers, LLC. MindState Capital is a small registered investment adviser serving high-net-worth individuals, trusts, and other legal entities. The firm combines fundamental research with quantitative optimization and computer models to construct customized portfolios and offers discretionary portfolio management along with derivatives strategies such as options, covered calls, collars, and straddles.