Richard E. Struthers has been the Chief Executive Officer and Chairman of Clearwater Capital Management LLC since 1998. Mr. Struthers served as Treasurer of Park Nicollet Health Services. He served in various management positions at Investment Advisers, Inc., including as Executive Vice President from 1979 to 1998. He served as the President of IAI Mutual Funds from 1992 to 1997. He served as Chairman of Park Nicollet Health Services since 2001. He served as Chairman of the Board of Micro Component Technology Inc. from December 2008 to 2009. He has been a Director of HealthPartners, Inc., since 2013. He serves as a Trustee of Members Mutual Funds and Ultra Series Funds in the Fund complex. Mr. Struthers serves as a Director at Park Nicollet Health Services and Park Nicollet Foundation. He served as a Director of Park Nicollet Health Services. He served as Director of IAI Mutual Funds from 1992 to 1997. He served as a Director of Micro Component Technology Inc. from May 8, 2008 to 2009. He was Board Member of Security American Financial Enterprises in Minneapolis. He holds B.A. in Economics and History from Ripon College, Ripon WI and Juris Doctor from William Mitchell College of Law, St. Paul MN.