what we do
Institutional Consulting
Tax Efficient Investing Structures
These solutions were born from our work with clients that own asset management firms. When it became clearer to us that our clients were investing in tax-inefficient assets (high yield bonds, loans, real estate and other alternative investments), we searched for solutions to maximize their after-tax results. Ultimately, we began specializing in insurance structures to help defer or eliminate taxes.
We develop products for Fund Managers to use:
Internally — Our internal product allows Fund Managers to invest partner compensation tax-efficiently in their firm's own strategies, and create alignment of interest with their investors.
Externally — Fund Managers utilize our external product to minimize withholding taxes for their tax-exempt and foreign investors who invest in U.S. domiciled assets.
who we are
Ronald W. Phillis
Managing Partner
Ron co-founded Carpathia Partners after a career in Institutional Fixed Income at Goldman Sachs, Bank of America Securities, Fidelity Management & Research Company and Houlihan Lokey. He has functioned in the capacities of high yield bond analyst, distressed bank loan, and, bond salesman, and, as an investment banker working on corporate financial restructuring transactions.
Throughout his tenure as a fixed income analyst, he received many accolades. Institutional Investor Magazine named him one of the top High Yield Bond Analysts in all of the five years that he served. He was also recognized by Institutional Investor in several customer service categories in other investor polls taken in 2001 and 2002. His work has been cited in many financial publications such as the Wall Street Journal and Louis Rukeyser's Wall Street newsletter.
Ron earned an M.B.A. at the Leonard N. Stern School of Business of New York University and holds a B.S. in Finance from California State University Northridge.
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Johnny Chuchen
Managing Partner
Johnny is Chief Investment Officer of Laurel Wealth Advisors (LWA), an SEC registered investment advisor based in La Jolla, California. He co-founded Carpathia Partners with Ron Phillis to support their institutional clients, who were seeking tax-efficient solutions to invest partner capital.
Prior to LWA, Johnny spent over 10 years in the ultra-high net worth groups at UBS Private Wealth Management and Lehman Brothers Private Investment Management in Los Angeles. He helped wealthy families invest for multi-generational goals, and specialized in tailoring their investment advice to interact seamlessly with their tax and estate planning.
Johnny received an M.B.A. in Finance from Yale, and, a B.A. in Political Science from the University of California, Los Angeles.
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Julie Montgomery-Phillis
Client Service Director
Julie has over 30 years of industry experience in the investment banking and hedge fund/asset-management businesses. Julie has supported senior management at Goldman Sachs, Morgan Stanley, and, Oakhill Advisors in New York and Los Angeles. During her time at Goldman Sachs, Julie spent 15 of her 19 years with the office of the firm’s Vice-Chairman.
Julie is a native Californian, and attended the University of Southern California on full scholarship.
