William has spent the past 20 + years helping high net worth and institutional clients navigate financial markets. William has experience in equity and fixed income research and trading, economic analysis, portfolio management, business development, derivatives, financial planning and investor education.William has owned multiple investment management companies, where he has been the CIO, portfolio manager and equity research analyst for some of the largest pools of money in the United States. With over 20 years of institutional portfolio management experience, William can help his clients navigate today's complex financial marketplace.William volunteers his time as the chairman of the Pacific Northwest Ski Association (PNSA) Youth Sports League (YSL) Alpine Division. He is a former ski racer and currently heads the YSL for Mt. Spokane Ski Racing Team (MSSRT). Billy takes great pride working with young kids to excel as ski racers and productive young members of our community.© 2019 Morgan Stanley Smith Barney LLC (‘MSSB’), member SIPC (www.sipc.org), reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. MSSB will not accept purchase or sale orders via LinkedIn or its messaging systems. MSSB is not responsible for content posted by third-parties. MSSB does not provide tax or legal service – please consult a tax advisor. Statements and messages are for US residents only and subject to the following terms: http://www.morganstanley.com/disclaimers/mswm-email.htmlThe investments listed may not be suitable for all investors. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment will depend upon an investor's individual circumstances and objectives.NMLS#: 1781510

At Manito Asset Management, William managed the firm's multiple investment strategies, ranging from a tactical ETF approach to a synthetic call option strategy. William's short tenure at Manito Asset was catalyzed by an opportunity at Morgan Stanley.

2009 – PresentDownriver Capital Management, Spokane, WAFounderI left Signia Capital Management at the end of 2008 to form Downriver Capital Management. This new firm took all of the investment criteria refined from my previous firms and applied it to the U.S. micro-cap equities. Given the low liquidity in the micro-cap space, Downriver added an additional risk protection by emphasizing companies with recent insider purchases by both the management team and/or board of directors.Achievements*:● Grew AUM from $100 thousand to over $40 million.● Successfully worked with the management of publicly traded companies to realize shareholder value through M&A options. History of successful take-outs include: LeapFrog Enterprises, Entropic Communications, Verenium Corp., Versant Corp., Global Industries, Caraco Pharmaceuticals, Winn-Dixie and Monterey Gourmet Foods● Successfully invested in PIPE transactions through Maxim Securities● Successfully raised both retail and institutional funding.● Served as Senior Research Analyst/PM for the entire portfolio● Wrote quarterly commentary letters to help both retail and institutional clients better understand the global economic landscape and its impact on our portfolio positioning (papers/excerpts available upon request).

At Signia, a firm which I cofounded with two partners, I designed a simple yet effective investment philosophy. Based on past small-cap value experience, I realized the primary problem with deep value investing was controlling bankruptcy risk. As a result of the consistent execution of this philosophy, Signia is now both the lowest price/book and lowest debt/cap manager in the country.Achievements:● Grew AUM from $18 million to over $400 million.● Successfully worked with the management of publicly traded companies to realize shareholder value through M&A options. History of successful take-outs include: Memry Corp, Medsource, MicroTek Medical Holdings, Goody’s Family Clothing, Vans, and Toys R Us. ● Successfully worked with CMS and Wall Street to successfully invest in healthcare providers during periods of material reimbursement and structural changes.● Designed investment team where research analysts also act as portfolio managers. The strategy was to enable decision-making at the point of greatest insight.● Served as Lead Research Analyst/PM for both Consumer Discretionary and Healthcare Sectors where alpha was consistently created relative to the benchmark (Russell 2000 Value).o Consumer Discretionary: more than 25 percent excess annualized return*o Healthcare: more than 4 percent excess annualized return*● Wrote white papers to help institutional consultants better understand our investment philosophy

At ICM, a fundamental small-cap value boutique, I started in the marketing department and was gradually migrated to the investment management team. In 1998, I became an equity research analyst with a focus on Healthcare.Achievements:● Helped design asset allocation model for Pro-Managed, which now runs over $7 billion in 401K assets● Successfully acted as a liaison between the marketing group and the investment management team● Promoted to small-cap value equity research team and investment management committee