C. Anthony Phillips, President  Tony Phillips, president of Downstream Exchange Company, is also a partner in the certified public accounting firm of Phillips & Company. He received his Bachelor of Science degree from Drexel University in Philadelphia and holds two master degrees from the University of Southern California – one in Business Administration in Finance and one in Business Taxation.
Tony spends his time at Downstream answering complex 1031 exchange questions, as well as related tax laws. He also assists exchangors and their professional advisors, such as their tax preparers, Certified Public Accountants, attorneys, REALTORS® and escrow officers, in structuring 1031 exchanges. He also reviews and signs all 1031 exchange documents.Tony has been a CPA since 1965. He received his teaching credential in 1981 and has taught real estate tax courses at various city colleges, and has given many seminars on 1031 exchanges and the use of an accommodator. (Please see future and past speeches) He also has been a speaker on various aspects of delayed 1031 exchanges at several annual conferences of the Federation of Exchange Accommodators. Tony is a member of the American Institute of Certified Public Accountants and the California State Society of Certified Public Accountants. He is a Faculty Member for the California Association of REALTORS®. He belongs to several civic organizations, including Pasadena Rotary, Pasadena Tournament of Roses and Pasadena Wine and Food Society. He is past president of the Pasadena Arts Council, Pasadena Rotary Club and the Pasadena Symphony Association.
You may contact Tony at caphillips@downstreamexchange.com.
^TopDerek Phillips, Esq.  Derek received his Bachelor of Arts degree with Honors from the University of California, Santa Barbara, and his Juris Doctor from the McGeorge School of Law, University of the Pacific.
He has been a California Real Estate Broker since 2005, and he is a member of the Graduate REALTOR® Institute.
Derek works with clients, brokers, escrow officers and attorneys in coordinating the 1031 exchange process. He is also reviews, edits and drafts 1031 exchange documents to insure that they conform to any new rulings. He is responsible for all new marketing materials and programs, and he is involved in the research and design of new tax deferral products for clients selling highly appreciated assets.
Before coming to work at Downstream, Derek worked at Earthlink Network and also has experience with Walt Disney Feature Animation and the Social Security Administration Office of Hearing and Appeals.
Derek is married, and has a baby boy.
You can contact Derek at dphillips@downstreamexchange.com.
^TopDiane Cabraloff, CPA  Diane Cabraloff is an accountant at Phillips & Company. She is primarily responsible for trust and estate tax returns. She is also very proficient at the preparation of Form 8824 Like-Kind Exchanges and structuring real estate transactions.
A long term staff member, Diane earned a Bachelor of Arts degree in economics and accounting from the University of California, Los Angeles. Diane has maintained an interest in politics since her college days when she served as an intern for Congressman George Danielson. She speaks Armenian and Russian.
Prior to joining the staff of Phillips & Company in 1984, Diane served as senior staff accountant for McKeehan, Hallstein, Kendall & Warner, a Southern California CPA firm, where she specialized in tax, audit, review, compilations and estate work, with an emphasis on tax and management services for small to medium size clients.
You may contact Diane at dfcabraloff@phillipsco.com.
^TopConnie L. Robinson, CPA  Connie Robinson is a staff member of Phillips & Company, a certified public accounting firm. She contributes her tax experience by preparing 1031 exchange analyses for Downstream Exchange clients and assists in structuring exchange transactions.
She has been a staff member of Phillips & Company for 20 years. With Phillips & Company, Connie continues providing excellent accounting and tax preparation service to clients in a wide variety of industries, including real estate and professional services.
Connie obtained her Bachelor of Science degree in business administration with an option in accounting from California State University, Los Angeles in 1980. Prior to her long tenure with Phillips & Company, she served as staff accountant of three CPA firms, Smith, Padmos & Co, Fechner, Edelman & Company and Simpson & Associates.
Connie lives in Sierra Madre with David, her husband of 31 years, and two children Paula and Philip. She spends her free time gardening, beading, working as a band booster and singing in the church choir.
You may contact Connie at crobinson@phillipsco.com.
^TopWendy Kerfoot, CPA  Ms. Kerfoot prepares the analyses for 1031 exchanges prior to or during the 1031 exchange so the client can determine the best 1031 exchange for their needs. She also prepares the Form 8824 Like-Kind Exchanges and the analyses for completed 1031 exchanges. She is very proficient at the 1031 exchange calculations and determining the basis for the newly acquired replacement property. She also works concurrently for Phillips & Co, C.P.A.'s preparing financial statements and tax returns for businesses and individuals.
Ms. Kerfoot has been certified as a public accountant since 1987. She has worked for Downstream Exchange Company and Phillips & Co, C.P.A.'s since 1997. Prior to 1997 she worked for a small firm in Monrovia reviewing corporate, partnership, trust and individual tax returns for high net worth clients. She worked for several years as an account manager at a business management firm catering to entertainment clients. She started her career at a public accounting firm in Sacramento for her first six years where she prepared audits, financial statements and tax returns. She graduated from California State University, Sacramento in 1993 with a business degree with a concentration in accounting.
She has been married to her husband, Henry, since 1998 and they have a sassy 5 year old daughter currently attending preschool. They enjoy the outdoors, camping, hiking and traveling when time permits.
You may contact Wendy at wkerfoot@phillipsco.com.
^TopWendy Chang, CPA  Wendy Chang is an Accountant at Phillips & Company, a certified public accounting firm. She prepares monthly financial statements for Downstream Exchange Company. She also assists Downstream Exchange clients by preparing pre-1031 exchange analysis and post-1031 exchange supporting worksheets for clients to report the accomplished 1031 exchanges on tax Form 8824, Like-Kind Exchanges.
Wendy joined Phillips & Company in 2001. Since then, she has been performing various accounting and tax services for clients in real estate and professional service industries.
Wendy received her Bachelor of Science degree in Accounting from Soochow University in Taiwan and obtained her Master degree of Science in EDP Auditing from Cal Poly, Pomona. Wendy has been a CPA since 1996.
Prior to Phillips & Company, Wendy worked as a tax analyst at Walt Disney Corporate Tax Department and a tax specialist at Ernst & Young LLP.
You may contact Wendy at wchang@phillipsco.com.
^TopLily Manvelian  Bio coming soon.
You may contact Lily at lmanvelian@downstreamexchange.com.
^TopKathleen L. Gregory  Kathleen L. Gregory is the Administrator and Office Manager for Phillips & Company CPA firm and the Corporate Secretary for Downstream Exchange Company. She supports all of the entities working under the direction of Tony Phillips in most aspects of the various businesses. Kathleen interfaces between the clients, employees and is responsible for keeping the business running effectively and efficiently.
Kathleen joined Phillips & Company and Downstream Exchange in July of 1997. Working closely with Tony, she has been instrumental in developing strong business plans for both Phillips & Company and Downstream Exchange Co. She oversees the areas of human resources, client services, information and technology and the overall financial well-being of all the corporate entities.
Prior to joining Phillips & Company, Kathleen’s liberal arts background and education served as the foundation for work in the fields of human resources, the hotel and restaurant industry, and as a designer.
You may contact Kathleen at klgregory@phillipsco.com.
^TopBecky Verdugo-Wong  Rebecca Verdugo-Wong has been an integral part of Phillips & Company team since 1970. She has come a long way from starting as a summer receptionist and then a part time employee while attending East Los Angles College. She decided that working for a certified public accounting firm seemed like "fun" and wanted to direct her education towards that field. She continued her education through East Los Angeles College with business classes and supplemented with University of California, Los Angeles courses in all areas of taxation. Further education was through Internal Revenue Service taxation courses. Not only is Rebecca proficient in individual taxation, but well versed in corporations, partnerships, trusts, estates, non-profit, payroll, and sales tax preparation and tax research. She is responsible for confirming the wiring of funds in 1031 exchanges.
Rebecca is married to Benny Wong and lives in Pasadena, CA with their three dogs, Kobhi, Zooma and KD, who are performing frisbee dogs. They are deeply involved in the frisbee world and have performed before the NFL and ABL crowds and in many community and charity events as far away as Denver, CO, Phoenix, AZ and Lodi, CA.
You may contact Becky at rvwong@phillipsco.com.
^TopDorothy Verdugo  Bio coming soon.
You may contact Dorothy at dverdugo@phillipsco.com.
^TopSherri Hamilton  Bio Coming Soon
You may contact Sherri at shamilton@phillipsco.com.
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