General Investing >> Money Manager Interviews >> June 28, 1999

Neil Dabney – Dabney Flanigan Llc

NEIL DABNEY is co-founder and Managing Director of Dabney Flanigan, LLC, an investment banking and brokerage firm with headquarters in Los Angeles and offices in New York that specializes in high yield, distressed and special situations investing. For the past 25 years, Mr. Dabney has served in several management capacities with Dabney/Resnick, Inc. a Beverly Hills Investment firm he co-founded, Drexel Burnham, Oppenheimer & Co. and E.F. Hutton, where he started as a broker trainee in 1975. In 1994, he co-authored a chapter on investing for two books: 'The New Era of Investment' banking and 'The New High Yield Bond Market'. In eight years at Dabney/Resnick, Inc., Mr. Dabney served as Chief Investment Strategist, Senior Portfolio Manager and Head of Institutional and Retail Sales. He was also a member of the Corporate Finance Commitment Committee and a Board member. During his tenure, the company grew from six to 120 employees and diversified into distressed California real estate and emerging markets corporate debt with Mr. Dabney personally overseeing the day-to-day management of $100 million of customer funds dedicated to high yield and distressed investing. He holds many NASD licenses including: General Securities Representative, General Securities Principal, Financial Operations Principal Municipal Securities Principal, and Registered Options Principal. He has also passed the Uniform Investment Advisor law Examination. Mr. Dabney is a Trustee of the Brentwood School in Brentwood, California, a member of the Board of trustees and Governor of the henry Kravis Leadership institute at Claremont McKenna College in Claremont, California. He received his Bachelor of Arts degree in Economics and Psychology in 1974 from Claremont McKenna College. Profile
KELLEN MARIE FLANIGAN is President, CFO and CEO of Dabney Flanigan, LLC. DF is a full-service investment bank and brokerage firm, which is licensed and registered with the NASD and SIPC. Her primary role at the company is the management of day-to-day operations, including the company's financial affairs, business administration, marketing, public relations and the recruitment of personnel. Ms. Flanigan is a member of Dabney Flanigan's Executive committee and is head of the Corporate Finance Commitment Committee. She holds many licenses with the NASD, including all principal licenses. Currently she owns 88% of the company and is in the process of selling 18% of the company to raise working capital. Ms. Flanigan received Bachelors Degrees in International Relations and Economics from the University of Southern California and studied at the New York Institute of finance, 1987 - 1989, where she attended for two years with the Drexel Burnham IST Training Program. She studied portfolio analysis, financial accounting, fundamental and technical analysis, and investment banking. Prior to starting Dabney Flanigan, Ms. Flanigan worked directly with Neil Dabney and held the title of vice president with Dabney/Resnick's Women's Financial Group. This group focused on educating women in the area of finance and they held seminars on a monthly basis with key financial speakers. She began her career at Drexel Burnham Lambert in Beverly Hills as liaison between the corporate finance group and the sales force. In 1987, Ms. Flanigan spent two years in the New York Office at Drexel going through a two- year sales training program. Her interests include: snow skiing, water skiing, beach volley ball, scuba diving, photograph hunter-jumper horseback riding, flying private single-engine airplanes (VFR License), skeet shooting, sporting clays, trap shooting, fly fishing, golf, tennis and paddle tennis. She has traveled extensively and is now enjoying most of these hobbies with her children. Her memberships include: National Association of Securities Dealers, National Association of Women Business Owners, Pacific palisades Chamber of Commerce, Brentwood Chamber of Commerce, Santa Monica Chamber of Commerce, Republican National Committee, Scuba Association, Friends of marquez (Parents helping kids in the educational arena), USC Alumnae Association and Santa Catalina Alumnae Association. Profile
TWST: To begin, won't you tell us about Dabney Flanigan and your

approach to managing money for your clients?

Mr. Dabney: What I'd like to do is have Kellen Flanigan describe the

firm a