<SEC-DOCUMENT>0001483964-11-000003.txt : 20110511
<SEC-HEADER>0001483964-11-000003.hdr.sgml : 20110511
<ACCEPTANCE-DATETIME>20110510181852
ACCESSION NUMBER:		0001483964-11-000003
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110331
FILED AS OF DATE:		20110511
DATE AS OF CHANGE:		20110510
EFFECTIVENESS DATE:		20110511

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ladenburg Thalmann Asset Management
		CENTRAL INDEX KEY:			0001483964
		IRS NUMBER:				133286023
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-13809
		FILM NUMBER:		11829641

	BUSINESS ADDRESS:	
		STREET 1:		520 MADISON AVENUE
		STREET 2:		9TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2124092021

	MAIL ADDRESS:	
		STREET 1:		520 MADISON AVENUE
		STREET 2:		9TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>ltam13f.txt
<DESCRIPTION>LADENBURG THALMANN ASSET MANAGEMENT INC. 13F 1ST QTR. 2011
<TEXT>
<PAGE>

				 UNITED STATES
		        SECURITIES AND EXCHANGE COMMISSION
			    Washington, D.C. 20549


				   Form 13F

			      FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:     03-31-11
                                                ------------

Check here if Amendment [ ]; Amendment Number:
                                                ------------

This Amendment (Check only one.): [ ] is a restatement.
                                  [ ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

  Name:       Ladenburg Thalmann Asset Management
              --------------------------------------

              --------------------------------------
  Address:    520 Madison Ave, FL 9
              --------------------------------------
              New York, NY
              --------------------------------------

Form 13F File Number:  28- 13809
                          -------------------

The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts of
this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:    Philip Blancato
         -----------------------------
Title:   President
         -----------------------------
Phone:   2124092682
         -----------------------------


Signature, Place, and Date of Signing:
/S/ Philip Blancato     NEw York, NY       5-10-11
- ------------------   ----------------    ---------
     [Signature]        [City, State]       [Date]

<PAGE>

Report Type (Check only one.):

[x]	13F HOLDINGS REPORT. (Check here if all holdings of this reporting
        manager are reported in this report.)

[ ]	13F NOTICE. (Check here if no holdings reported are in this report,
        and all holdings are reported by other reporting manager(s).)

[ ]     13F COMBINATION REPORT. (Check here if a portion of the holdings for
	this reporting manager are reported in this report and a portion are
        reported
        by other reporting manager(s).)



List of Other Managers Reporting for this Manager:



Form 13F File Number        Name

28-                         None
   ------------------       --------------------------



			      FORM 13F SUMMARY PAGE

			Report Summary:

Number of Other Included Managers:                0
                                         -------------------

Form 13F Information Table Entry :         	 437
                                         -------------------

Form 13F Information Table Value :    	   $183,344 (x1000)
                                         -------------------


List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.

  NO.     FORM 13F FILE NUMBER NAME       NAME

   1      28-                             None
  ----    -------------------------       ---------------------------

<PAGE>

<TABLE>
<C>	 																		<c>

FORM 13F INFORMATION TABLE
								VALUE	SHARES/	SH/	PUT/	INVSTMT	OTHER		VOTING AUTHORITY
NAME OF ISSUER		TITLE OF CLASS		CUSIP		(x$1000)PRN AMT	PRN	CALL	DSCRETN	MANAGERS	None	Sole	Shared

1 800 FLOWERS.COM   	INC     CL A        	68243Q106	2	725	SH		Sole	01			725
ABB LTD ADR EACH    	REPR 1 CHF2.50(SPON)	000375204	21	850	SH		Sole	01			850
ABBOTT LABORATORIES 	                    	002824100	38	780	SH		Sole	01			780
ABERDEEN ASIA       	PACIFIC INCOME FD   	003009107	49	7000	SH		Sole	01			7000
ACADIA REALTY TRUST 	                    	004239109	1	52	SH		Sole	01			52
ADVANCED MICRO      	DEVICES INC         	007903107	6	750	SH		Sole	01			750
AEROPOSTALE         	                    	007865108	1	60	SH		Sole	01			60
AFFILIATED MANAGERS 	GROUP               	008252108	11	105	SH		Sole	01			105
AGRIUM INC COM NPV  	ISIN #CA0089161081  	008916108	6	65	SH		Sole	01			65
AIR PRODUCTS & CHEM 	                    	009158106	32	350	SH		Sole	01			350
AIR TRANS SVCS GROUP	INC COM             	00922R105	3	400	SH		Sole	01			400
ALASKA AIR GROUP INC	                    	011659109	6	100	SH		Sole	01			100
ALCOA INC           	ISIN #US0138171014  	013817101	14	800	SH		Sole	01			800
ALLIANCEBERNSTEIN   	INCOME FD INC       	01881E101	22	2824	SH		Sole	01			2824
ALLIANCEBERNSTEIN   	GLOBAL HIGH INCOME  	01879R106	49	3322	SH		Sole	01			3322
ALTRIA GROUP INC    	                    	02209S103	13	500	SH		Sole	01			500
AMDOCS LTD ORD      	GBP0.01             	G02602103	20	680	SH		Sole	01			680
AMERICAN            	INDEPENDENCE CORP   	026760405	5	356	SH		Sole	01			356
AMERICAN APPAREL INC	COM                 	023850100	2	1750	SH		Sole	01			1750
AMERICAN CAP AGY    	CORP COM            	02503X105	2	67	SH		Sole	01			67
AMERICAN EXPRESS CO 	                    	025816109	39	857	SH		Sole	01			857
AMERICAN INTL GROUP 	INC COM NEW         	026874784	1	25	SH		Sole	01			25
AMERICAS CAR MART   	INC                 	03062T105	2	70	SH		Sole	01			70
AMERN SUPERCONDUCTOR	CORP                	030111108	1	53	SH		Sole	01			53
ANADARKO PETE CORP  	                    	032511107	70	850	SH		Sole	01			850
ANNALY CAPITAL      	MANAGEMENT INC COM  	035710409	220	12617	SH		Sole	01			12617
ANWORTH MORTGAGE 	ASSET CP COM		037347101	157	22214	SH		Sole	01			22214
AOL INC COM USD0.01 	                    	00184X105	7	354	SH		Sole	01			354
AON CORP            	                    	037389103	24	461	SH		Sole	01			461
APOLLO INVT CORP    	COM SH BEN INT      	03761U106	466	38610	SH		Sole	01			38610
APPLE INC           	                    	037833100	136	390	SH		Sole	01			390
ARCH COAL INC       	                    	039380100	2	50	SH		Sole	01			50
ARCHER DANIELS      	MIDLAND             	039483102	2	50	SH		Sole	01			50
ARES CAPITAL CORP   	COM STK USD0.001    	04010L103	64	3764	SH		Sole	01			3764
ARMOUR RESIDENTIAL  	REIT INC		042315101	300	39632	SH		Sole	01			39632
ARMOUR RESIDENTIAL  	REIT INC WT EXP     	042315119	11	15000	SH		Sole	01			15000
ASSURED GUARANTY LTD	COM USD0.01         	G0585R106	1	100	SH		Sole	01			100
AT&T INC            	COM                 	00206R102	63	2052	SH		Sole	01			2052
AUTOMATIC DATA      	PROCESSING INC      	053015103	17	331	SH		Sole	01			331
AWARE INC MASS      	                    	05453N100	3	850	SH		Sole	01			850
BAKER HUGHES INC    	                    	057224107	62	850	SH		Sole	01			850
BANCO BILBAO VIZCAYA	ARGENTARIA SA  ADS  	05946K101	15	1219	SH		Sole	01			1219
BANCO SANTANDER SA  	ADR EACH 1 REPR 1   	05964H105	0	29	SH		Sole	01			29
BANK NEW YORK       	MELLON CORP         	064058100	33	1100	SH		Sole	01			1100
BANK OF AMERICA     	CORP                	060505104	27	2053	SH		Sole	01			2053
BANKATLANTIC BANCORP	INC CL A NEW        	065908600	0	400	SH		Sole	01			400
BARNES AND NOBLE INC	                    	067774109	0	50	SH		Sole	01			50
BAXTER INTL INC     	                    	071813109	55	1019	SH		Sole	01			1019
BERKSHIRE HATHAWAY  	INC DEL CL A        	084670108	125	1	SH		Sole	01			1
BERKSHIRE HATHAWAY  	INC DEL CL B NEW    	084670702	42	500	SH		Sole	01			500
BIG LOTS INC        	(OHIO)              	089302103	2	39	SH		Sole	01			39
BIOMARIN            	PHARMACEUTICAL INC  	09061G101	13	500	SH		Sole	01			500
BIOSANTE            	PHARMACEUTICALS INC 	09065V203	0	127	SH		Sole	01			127
BLACKROCK KELSO     	CAP COORPORATION    	092533108	1	100	SH		Sole	01			100
BLACKROCK MUNIYIELD 	CALIF FD INC COM    	09254M105	1	100	SH		Sole	01			100
BLACKROCK PFD INCOME	STRATEGIES FD INC   	09255H105	10	1000	SH		Sole	01			1000
BLDRS DEVELOPED MKTS	100 ADR INDEX FD    	09348R201	2	100	SH		Sole	01			100
BMC SOFTWARE INC    	                    	055921100	2	39	SH		Sole	01			39
BOARDWALK PIPELINE  	PARTNERS LP COM UNIT	096627104	26	800	SH		Sole	01			800
BOEING CO           	                    	097023105	15	200	SH		Sole	01			200
BORDERS GROUP       	MICHIGAN INC        	099709107	0	400	SH		Sole	01			400
BOSTON PPTYS INC    	                    	101121101	38	400	SH		Sole	01			400
BP PLC ADR (CNV INTO	6 ORD USD0.25 SHS)  	055622104	2	50	SH		Sole	01			50
BRIDGFORD FOODS CORP	                    	108763103	1	100	SH		Sole	01			100
BRINKS CO           	                    	109696104	23	700	SH		Sole	01			700
BRISTOL MYERS SQUIBB	                    	110122108	31	1170	SH		Sole	01			1170
BRT RLTY TR SH BEN  	INT NEW             	055645303	40	6204	SH		Sole	01			6204
BUILDERS FIRSTSOURCE	INC COM             	12008R107	2	700	SH		Sole	01			700
BUNGE LIMITED COM   	STK USD0.01         	G16962105	5	75	SH		Sole	01			75
CABELAS INC         	                    	126804301	3	101	SH		Sole	01			101
CABLEVISION SYS CORP	NY GROUP CL A COM   	12686C109	22	650	SH		Sole	01			650
CABOT OIL & GAS CP  	COM                 	127097103	11	200	SH		Sole	01			200
CALLAWAY GOLF CO    	DELAWARE            	131193104	0	14	SH		Sole	01			14
CAMDEN NATL CORP    	                    	133034108	3	100	SH		Sole	01			100
CANADIAN NATURAL    	RESOURCES LTD COM   	136385101	30	600	SH		Sole	01			600
CANON INC ADR EACH  	REP 1 ORD NPV(MGT)  	138006309	1	25	SH		Sole	01			25
CAPITAL SENIOR      	LIVING CORP         	140475104	3	250	SH		Sole	01			250
CARMIKE CINEMAS INC 	                    	143436400	1	100	SH		Sole	01			100
CATERPILLAR INC     	                    	149123101	41	370	SH		Sole	01			370
CBS CORP NEW        	CL B                	124857202	29	1175	SH		Sole	01			1175
CEMEX S.A.B. DE C.V.	SPON ADR REP 10 CPO 	151290889	9	1036	SH		Sole	01			1036
CENTURY CASINOS INC 	                    	156492100	1	400	SH		Sole	01			400
CEPHALON INC        	                    	156708109	8	100	SH		Sole	01			100
CHEVRON CORP NEW    	                    	166764100	75	700	SH		Sole	01			700
CHINA FIRE & SEC    	GROUP INC           	16938R103	1	150	SH		Sole	01			150
CHINA GREEN         	AGRICULTURE INC COM 	16943W105	1	115	SH		Sole	01			115
CHINA UNICOM (HONG  	KONG) LIMITED ADR   	16945R104	8	500	SH		Sole	01			500
CHURCH & DWIGHT INC 	                    	171340102	48	600	SH		Sole	01			600
CINEDIGM DIGITAL    	CINEMA CORP COM     	172407108	1	800	SH		Sole	01			800
CISCO SYS INC       	                    	17275R102	43	2500	SH		Sole	01			2500
CITIGROUP INC       	                    	172967101	14	3316	SH		Sole	01			3316
CITIZENS REPUBLIC   	BANCORP INC         	174420109	0	200	SH		Sole	01			200
CITRIX SYSTEMS INC  	                    	177376100	86	1173	SH		Sole	01			1173
CLAYMORE EXCHANGE   	TRADED FD TR BNY    	18383M100	7	156	SH		Sole	01			156
CLAYMORE EXCHANGE   	TRADED FD TR 2      	18383Q606	302	13219	SH		Sole	01			13219
COCA COLA BOTTLING  	CO CONS             	191098102	5	75	SH		Sole	01			75
COCA COLA CO        	                    	191216100	30	450	SH		Sole	01			450
COLLECTIVE BRANDS   	INC                 	19421W100	4	200	SH		Sole	01			200
COMCAST CORP NEW    	CL A                	20030N101	32	1313	SH		Sole	01			1313
CONAGRA FOODS INC   	                    	205887102	12	500	SH		Sole	01			500
CONOCOPHILLIPS      	                    	20825C104	76	955	SH		Sole	01			955
CONSOLIDATED EDISON 	HLDG CO INC         	209115104	19	375	SH		Sole	01			375
CORNING INC         	                    	219350105	2	100	SH		Sole	01			100
COSTCO WHOLESALE    	CORP                	22160K105	7	100	SH		Sole	01			100
COVANCE INC         	                    	222816100	3	50	SH		Sole	01			50
CREDIT ACCEP CORP   	MICH                	225310101	2	27	SH		Sole	01			27
CREE INC            	                    	225447101	2	33	SH		Sole	01			33
CUSHING MLP TOTAL   	RETURN FD COM SHS   	231631102	482	44426	SH		Sole	01			44426
CVS CAREMARK CORP   	                    	126650100	33	950	SH		Sole	01			950
CYTRX CORP          	                    	232828301	18	20000	SH		Sole	01			20000
DEAN FOODS CO       	                    	242370104	4	400	SH		Sole	01			400
DEERE & COMPANY     	                    	244199105	19	200	SH		Sole	01			200
DELTA AIR LINES INC 	DEL COM NEW         	247361702	4	384	SH		Sole	01			384
DEVON ENERGY CORP   	NEW                 	25179M103	48	525	SH		Sole	01			525
DIAGEO ADR EACH REPR	4 ORD GBX28.935185  	25243Q205	28	370	SH		Sole	01			370
DIAMOND OFFSHORE    	DRILLING INC        	25271C102	5	68	SH		Sole	01			68
DIME COMMUNITY      	BANCSHARES          	253922108	10	703	SH		Sole	01			703
DIRECTV COM CL A    	                    	25490A101	14	300	SH		Sole	01			300
DISH NETWORK CORP   	CL A                	25470M109	6	250	SH		Sole	01			250
DISNEY WALT CO DEL  	(HOLDING COMPANY)   	254687106	50	1152	SH		Sole	01			1152
DOLBY LABORATORIES  	INC CL A            	25659T107	1	26	SH		Sole	01			26
DONNELLEY R R & SONS	                    	257867101	6	300	SH		Sole	01			300
DORAL FINANCIAL CORP	COM STK USD0.01     	25811P886	0	63	SH		Sole	01			63
DOW CHEMICAL CO     	                    	260543103	18	475	SH		Sole	01			475
DREYFUS HIGH YIELD  	STRATEGIES FD       	26200S101	15	3145	SH		Sole	01			3145
DTE ENERGY HOLDING  	CO                  	233331107	25	518	SH		Sole	01			518
DU PONT E I DE      	NEMOURS & CO        	263534109	22	400	SH		Sole	01			400
DUKE ENERGY CORP NEW	COM                 	26441C105	20	1100	SH		Sole	01			1100
E M C CORP MASS     	                    	268648102	24	920	SH		Sole	01			920
EBIX INC NEW        	                    	278715206	2	93	SH		Sole	01			93
ECHOSTAR CORP CL A  	                    	278768106	1	30	SH		Sole	01			30
EDWARDS LIFESCIENCES	CORP                	28176E108	9	100	SH		Sole	01			100
EMERGENCY MED SVCS  	CRP CL A            	29100P102	3	40	SH		Sole	01			40
ENERGY INCOME & GROWTH 	FD COM			292697109	272	9362	SH		Sole	01			9362
ENERSIS S.A SPONS   	ADR-REPR 50 COM NPV 	29274F104	1	43	SH		Sole	01			43
ENTERPRISE PRODUCTS 	PPTNS LP            	293792107	24	562	SH		Sole	01			562
EQUINIX INC NEW     	                    	29444U502	2	17	SH		Sole	01			17
EXELON CORP         	                    	30161N101	18	435	SH		Sole	01			435
EXPEDITORS INTL     	WASH INC            	302130109	75	1500	SH		Sole	01			1500
EXPRESS SCRIPTS INC 	COM FORMERLY CL A   	302182100	17	300	SH		Sole	01			300
EXXON MOBIL CORP    	                    	30231G102	412	4892	SH		Sole	01			4892
FBR CAP MKTS CORP   	                    	30247C301	1	250	SH		Sole	01			250
FEDEX CORP          	                    	31428X106	14	150	SH		Sole	01			150
FIBRIA CELULOSE S A 	SPONSORED ADR REPSTG	31573A109	11	673	SH		Sole	01			673
FIRST TR ISE        	REVERE NAT GAS      	33734J102	4	190	SH		Sole	01			190
FISERV INC          	                    	337738108	8	120	SH		Sole	01			120
FIVE STAR QUALITY   	CARE INC            	33832D106	2	300	SH		Sole	01			300
FLEXTRONICS         	INTERNATIONAL ORD   	Y2573F102	3	406	SH		Sole	01			406
FOREST OIL CORP COM 	PAR $0.01           	346091705	28	750	SH		Sole	01			750
FRANCE TELECOM ADR  	EACH REPR 1 EUR4    	35177Q105	6	250	SH		Sole	01			250
FREDS INC CL A      	                    	356108100	7	550	SH		Sole	01			550
FREIGHTCAR AMER INC 	                    	357023100	5	150	SH		Sole	01			150
FUEL SYS SOLUTIONS  	INC COM             	35952W103	1	28	SH		Sole	01			28
FUELCELL ENERGY INC 	CHG  #US35952H1068  	35952H106	4	2000	SH		Sole	01			2000
GAMESTOP CORP NEW CL	 A                  	36467W109	1	50	SH		Sole	01			50
GENERAL ELECTRIC CO 	                    	369604103	130	6481	SH		Sole	01			6481
GENZYME CORP        	COM FORMERLY COM-GEN	372917104	2	25	SH		Sole	01			25
GLAXOSMITHKLINE ADR 	EACH CNV INTO 2 ORD 	37733W105	19	500	SH		Sole	01			500
GLOBAL INDS LTD     	                    	379336100	2	200	SH		Sole	01			200
GLOBAL SHIP LEASE   	INC USD0.01 CLASS  A	Y27183105	714	101425	SH		Sole	01			101425
GOLDMAN SACHS GROUP 	INC                 	38141G104	14	90	SH		Sole	01			90
GREEN MTN COFFEE    	ROASTERS INC        	393122106	2	32	SH		Sole	01			32
GSI COMMERCE INC    	                    	36238G102	3	100	SH		Sole	01			100
GUGGENHM S&P GLOBAL 	WATER INDEX         	18383Q507	49	2319	SH		Sole	01			2319
HALLIBURTON CO      	HOLDING CO FRMLY    	406216101	110	2200	SH		Sole	01			2200
HARRIS & HARRIS     	GROUP INC           	413833104	3	650	SH		Sole	01			650
HARRIS CORP DEL     	                    	413875105	15	300	SH		Sole	01			300
HARSCO CORP         	                    	415864107	4	100	SH		Sole	01			100
HAUPPAGUE DIGITAL   	                    	419131107	3	1400	SH		Sole	01			1400
HECLA MINING CO     	                    	422704106	254	28000	SH		Sole	01			28000
HEINZ H J CO        	                    	423074103	28	580	SH		Sole	01			580
HEWLETT-PACKARD CO  	DE                  	428236103	0	10	SH		Sole	01			10
HITACHI ADR-EACH CNV	INTO 10 ORD NPV     	433578507	8	150	SH		Sole	01			150
HMS HOLDINGS CORP   	                    	40425J101	3	33	SH		Sole	01			33
HOLLY CORP PAR $0.01	                    	435758305	9	150	SH		Sole	01			150
HOME DEPOT INC      	                    	437076102	96	2579	SH		Sole	01			2579
HONEYWELL INTL INC  	                    	438516106	30	500	SH		Sole	01			500
HOSPITALITY         	PROPERTIES TRUST    	44106M102	12	500	SH		Sole	01			500
HUB GROUP INC CL A  	                    	443320106	7	200	SH		Sole	01			200
HUDSON CITY BANCORP 	INC                 	443683107	14	1400	SH		Sole	01			1400
HUGHES COMMUNICATION	INC COM             	444398101	7	125	SH		Sole	01			125
ILLINOIS TOOL WORKS 	                    	452308109	71	1327	SH		Sole	01			1327
IMAX CORP COM STK   	NPV                 	45245E109	5	150	SH		Sole	01			150
IMPAX LABORATORIES  	INC                 	45256B101	3	107	SH		Sole	01			107
INFOSPACE INC COM   	PAR $.0001          	45678T300	2	198	SH		Sole	01			198
INTEGRATED DEVICE   	TECH INC            	458118106	2	300	SH		Sole	01			300
INTEGRYS ENERGY     	GROUP INC           	45822P105	5	100	SH		Sole	01			100
INTEL CORP          	                    	458140100	25	1245	SH		Sole	01			1245
INTERNET CAP GROUP  	INC                 	46059C205	0	32	SH		Sole	01			32
INTERPUBLIC GROUP   	COS INC DEL         	460690100	2	155	SH		Sole	01			155
INTL BUSINESS MACH  	                    	459200101	67	409	SH		Sole	01			409
IRSA INVERSIONES Y  	REPRESENTACIONES    	450047204	2	150	SH		Sole	01			150
ISHARES BARCLAYS    	TREAS INFLATION     	464287176	202	1852	SH		Sole	01			1852
ISHARES BARCLAYS    	U S AGGREGATE BD FD 	464287226	49	463	SH		Sole	01			463
ISHARES BARCLAYS    	7-10 YEAR TREASURY  	464287440	6486	69735	SH		Sole	01			69735
ISHARES BARCLAYS    	MBS BOND FD         	464288588	209	1988	SH		Sole	01			1988
ISHARES BARCLAYS    	INTERMEDIATE CR BD  	464288638	23041	218834	SH		Sole	01			218834
ISHARES BARCLAYS    	10-20 YR TREAS BD FD	464288653	3424	30624	SH		Sole	01			30624
ISHARES BARCLAYS    	SHORT TREAS BD FD   	464288679	252	2285	SH		Sole	01			2285
ISHARES BARCLAYS 1-3	YR CD BD FD		464288646	5943	56899	SH		Sole	01			56899
ISHARES GOLD TRUST  	ISHARES             	464285105	123	8808	SH		Sole	01			8808
ISHARES IBOXX $     	INVESTOP INVESTMENT 	464287242	310	2861	SH		Sole	01			2861
ISHARES INC         	MCSI BRIC INDEX FD  	464286657	68	1353	SH		Sole	01			1353
ISHARES INC MSCI    	BRAZIL INDEX        	464286400	6	83	SH		Sole	01			83
ISHARES INC MSCI    	EMERGING MKTS       	464286566	8	219	SH		Sole	01			219
ISHARES INC MSCI    	UNITED KINGDOM INDEX	464286699	1	50	SH		Sole	01			50
ISHARES INC MSCI    	GERMANY INDEX FD    	464286806	1	50	SH		Sole	01			50
ISHARES INC MSCI    	JAPAN INDEX FD      	464286848	90	8683	SH		Sole	01			8683
ISHARES INC MSCI    	HONG KONG INDEX FD  	464286871	3	150	SH		Sole	01			150
ISHARES NASDAQ      	BIOTECHNOLOGY INDEX 	464287556	73	727	SH		Sole	01			727
ISHARES S&P NORTH   	AMERICAN NATURAL    	464287374	10286	219545	SH		Sole	01			219545
ISHARES SILVER TR   	ISHARES             	46428Q109	7	185	SH		Sole	01			185
ISHARES TR          	MSCI EMERGING MKTS  	464287234	16	336	SH		Sole	01			336
ISHARES TR          	MSCI EAFE INDEX FD  	464287465	346	5765	SH		Sole	01			5765
ISHARES TR          	RUSSELL 2000 VALUE  	464287630	2645	35094	SH		Sole	01			35094
ISHARES TR DOW JONES	SELECT DIVID INDEX  	464287168	26	500	SH		Sole	01			500
ISHARES TR DOW JONES	EPAC SELECT         	464288448	103	2884	SH		Sole	01			2884
ISHARES TR DOW JONES	US REGIONAL BKS     	464288778	77	3154	SH		Sole	01			3154
ISHARES TR FTSE     	XINHUA HK CHINA 25  	464287184	7	147	SH		Sole	01			147
ISHARES TR IBOXX    	$ HIGH YIELD CORP   	464288513	6	61	SH		Sole	01			61
ISHARES TR JPMORGAN 	USD EMERGING MKTS BD	464288281	113	1064	SH		Sole	01			1064
ISHARES TR RUSSELL  	MIDCAP VALUE INDEX  	464287473	13606	282526	SH		Sole	01			282526
ISHARES TR RUSSELL  	MIDCAP GROWTH INDEX 	464287481	11655	191341	SH		Sole	01			191341
ISHARES TR RUSSELL  	MIDCAP INDEX FD     	464287499	520	4767	SH		Sole	01			4767
ISHARES TR RUSSELL  	1000 VALUE INDEX FD 	464287598	16496	240228	SH		Sole	01			240228
ISHARES TR RUSSELL  	1000 GROWTH INDEX FD	464287614	15999	264569	SH		Sole	01			264569
ISHARES TR RUSSELL  	2000 GROWTH INDEX FD	464287648	2905	30472	SH		Sole	01			30472
ISHARES TR RUSSELL  	2000 INDEX FD       	464287655	13	157	SH		Sole	01			157
ISHARES TR S&P      	MIDCAP 400 INDEX FD 	464287507	896	9075	SH		Sole	01			9075
ISHARES TR S&P      	MIDCAP 400/GROWTH   	464287606	24	219	SH		Sole	01			219
ISHARES TR S&P      	MIDCAP 400/         	464287705	12	145	SH		Sole	01			145
ISHARES TR S&P      	GLOBAL UTILITIES    	464288711	102	2238	SH		Sole	01			2238
ISHARES TR S&P 100  	INDEX FUND          	464287101	85	1427	SH		Sole	01			1427
ISHARES TR S&P 500  	INDEX FD            	464287200	7	50	SH		Sole	01			50
ISHARES TR S&P U S  	PFD STK INDEX FD    	464288687	540	13616	SH		Sole	01			13616
ISLE OF CAPRIS      	CASINOS INC         	464592104	4	450	SH		Sole	01			450
JETBLUE AWYS CORP   	                    	477143101	3	550	SH		Sole	01			550
JOY GLOBAL INC      	                    	481165108	10	100	SH		Sole	01			100
JPMORGAN CHASE & CO 	                    	46625H100	59	1272	SH		Sole	01			1272
JPMORGAN CHASE & CO 	ALERIAN MLP INDEX   	46625H365	571	15040	SH		Sole	01			15040
JUNIPER NETWORKS    	INC                 	48203R104	9	225	SH		Sole	01			225
KAYNE ANDERSON ENRGY 	TTL RT COM		48660P104	335	10602	SH		Sole	01			10602
KBW INC COM         	                    	482423100	3	100	SH		Sole	01			100
KEY ENERGY SERVICES 	INC                 	492914106	4	250	SH		Sole	01			250
KOHLS CORP          	                    	500255104	3	50	SH		Sole	01			50
KRISPY KREME        	DOUGHNUTS INC       	501014104	4	600	SH		Sole	01			600
LADENBURG THALMANN  	FINL SVCS INC       	50575Q102	85	73650	SH		Sole	01			73650
LANCASTER COLONY    	CORP                	513847103	2	37	SH		Sole	01			37
LAZARD LTD COM CLASS	A  USD0.01          	G54050102	2	50	SH		Sole	01			50
LENDER PROCESSING   	SVCS INC COM        	52602E102	1	35	SH		Sole	01			35
LIBERTY GLOBAL INC  	COM SER A           	530555101	2	50	SH		Sole	01			50
LIBERTY MEDIA HLDG  	CORP INTERACTIVE COM	53071M104	9	562	SH		Sole	01			562
LOEWS CORP          	                    	540424108	32	750	SH		Sole	01			750
LONGTOP FINANCIAL   	TECHNOLOGIES LTD    	54318P108	1	32	SH		Sole	01			32
LSI CORP            	                    	502161102	0	10	SH		Sole	01			10
MACK CALI REALTY    	CORP                	554489104	14	400	SH		Sole	01			400
MADISON SQUARE      	GARDEN INC CL A     	55826P100	4	162	SH		Sole	01			162
MARKET VECTORS ETF  	TR RVE HARD ASSETS  	57060U795	30	714	SH		Sole	01			714
MARKET VECTORS ETF  	TR COAL ETF         	57060U837	31	605	SH		Sole	01			605
MARRIOTT INTL       	INC CL A            	571903202	2	50	SH		Sole	01			50
MASSMUTUAL CORP INVS	                    	576292106	65	4000	SH		Sole	01			4000
MATTEL INC          	                    	577081102	5	200	SH		Sole	01			200
MCDONALDS CORP      	                    	580135101	49	640	SH		Sole	01			640
MEDCO HEALTH        	SOLUTIONS INC       	58405U102	3	48	SH		Sole	01			48
MEDICIS             	PHARMACEUTICAL CORP 	584690309	2	76	SH		Sole	01			76
MEDIFAST INC        	                    	58470H101	4	200	SH		Sole	01			200
MERCK & CO INC NEW  	COM                 	58933Y105	30	900	SH		Sole	01			900
METLIFE INC         	COM                 	59156R108	48	1071	SH		Sole	01			1071
MGM MIRAGE          	                    	552953101	3	200	SH		Sole	01			200
MICROSOFT CORP      	                    	594918104	10482	412832	SH		Sole	01			412832
MICROSTRATEGY INC   	CL A NEW            	594972408	2	12	SH		Sole	01			12
MONSANTO CO NEW     	                    	61166W101	7	102	SH		Sole	01			102
MORGAN STANLEY      	                    	617446448	14	525	SH		Sole	01			525
MULTI FINELINE      	ELECTRONIX INC      	62541B101	1	39	SH		Sole	01			39
MVC CAP INC         	                    	553829102	1	100	SH		Sole	01			100
NATIONAL PRESTO INDS	 INC                	637215104	2	17	SH		Sole	01			17
NATUS MED INC DEL   	                    	639050103	3	200	SH		Sole	01			200
NAVISTAR INTL CORP  	                    	63934E108	2	25	SH		Sole	01			25
NETEASE.COM INC ADR 	EACH REPR 25 COM STK	64110W102	3	60	SH		Sole	01			60
NETFLIX COM INC     	COM                 	64110L106	8	32	SH		Sole	01			32
NEUTRAL TANDEM INC  	COM                 	64128B108	1	53	SH		Sole	01			53
NEWS CORP CL A      	                    	65248E104	0	8	SH		Sole	01			8
NEWTEK BUSINESS     	SERVICES INC        	652526104	140	85500	SH		Sole	01			85500
NII HLDGS INC       	NEW                 	62913F201	4	100	SH		Sole	01			100
NOKIA OYJ ADR EACH  	REPR 1 ORD NPV      	654902204	0	50	SH		Sole	01			50
NORFOLK SOUTHERN CRP	                    	655844108	21	300	SH		Sole	01			300
NORTHRIM BANCORP INC	                    	666762109	2	105	SH		Sole	01			105
NUVEEN INSD TAX FREE	ADVANTAGE MUN FD    	670657105	26	2000	SH		Sole	01			2000
NUVEEN MORTGAGE     	OPPORTUNITY TRM FD2 	67074R100	159	6500	SH		Sole	01			6500
NUVEEN MTG          	OPPORTUNITY TERM FD 	670735109	43	1710	SH		Sole	01			1710
NUVEEN MUN VALUE FD 	                    	670928100	18	2000	SH		Sole	01			2000
O CHARLEYS INC      	                    	670823103	1	200	SH		Sole	01			200
OCCIDENTAL PETROLEUM	CORP                	674599105	42	400	SH		Sole	01			400
OCEANEERING INTL INC	                    	675232102	9	100	SH		Sole	01			100
ON SEMICONDUCTOR CRP	                    	682189105	49	5000	SH		Sole	01			5000
ONE LIBERTY PPTYS   	INC FRMLY ONE       	682406103	180	11968	SH		Sole	01			11968
ORACLE CORPORATION  	                    	68389X105	65	1950	SH		Sole	01			1950
ORCKIT              	COMMUNICATIONS NPV  	M7531S206	2	500	SH		Sole	01			500
ORIENT EXPRESS      	HOTELS LTD CLASS A  	G67743107	1	75	SH		Sole	01			75
ORMAT TECHNOLOGIES  	INC                 	686688102	3	100	SH		Sole	01			100
PACIFIC ETHANOL     	INC                 	69423U107	1	850	SH		Sole	01			850
PARKER HANNIFIN CORP	                    	701094104	83	879	SH		Sole	01			879
PARTNERRE COM STK   	USD1                	G6852T105	2	19	SH		Sole	01			19
PEGASYSTEMS INC     	                    	705573103	2	56	SH		Sole	01			56
PENNANTPARK INVT    	CORP                	708062104	431	36169	SH		Sole	01			36169
PENNEY J C CO INC   	                    	708160106	15	430	SH		Sole	01			430
PEP BOYS MANNY MOE &	JACK                	713278109	3	250	SH		Sole	01			250
PEPSICO INC         	                    	713448108	15	236	SH		Sole	01			236
PETROLEO BRASILEIRO 	SA PETROBRAS ADS    	71654V408	37	906	SH		Sole	01			906
PFIZER INC          	                    	717081103	176	8664	SH		Sole	01			8664
PHH CORP COM NEW    	                    	693320202	2	95	SH		Sole	01			95
PHILIP MORRIS INTL  	INC COM             	718172109	39	600	SH		Sole	01			600
PMC COML TR SH BEN  	INT                 	693434102	6	740	SH		Sole	01			740
POWERSHARES ETF TR  	II EMERGING MKTS    	73937B209	28	524	SH		Sole	01			524
POWERSHARES EXCHANGE	TRADED FD TR DYNAMIC	73935X278	15	500	SH		Sole	01			500
POWERSHARES GLOBAL  	EXCHANGE TRADED FD  	73936G308	185	8750	SH		Sole	01			8750
POWERSHARES GLOBAL  	EXCHANGE TRADED FD  	73936T524	93	3387	SH		Sole	01			3387
POWERSHARES GLOBAL  	EXCHANGE TRADED FD  	73936T565	485	33800	SH		Sole	01			33800
POWERSHARES GLOBAL  	EXCHANGE TRADED FD  	73936T573	4028	152454	SH		Sole	01			152454
POWERSHARES INDIA   	EXCHANGE TRADED FD  	73935L100	6	269	SH		Sole	01			269
POWERSHARES QQQ TR  	UNIT SER 1          	73935A104	318	5543	SH		Sole	01			5543
PRICELINE COM INC   	COM NEW             	741503403	5	9	SH		Sole	01			9
PRIVATE MEDIA GROUP 	INC COM NEW         	74266R302	1	816	SH		Sole	01			816
PROCTER & GAMBLE CO 	                    	742718109	291	4717	SH		Sole	01			4717
PROSHARES SHORT     	DOW 30 PROSHARES    	74347R701	4	100	SH		Sole	01			100
PROSHARES TR        	PROSHARES ULTRASHORT	74347R883	3	125	SH		Sole	01			125
PROSHARES ULTRA	UTILITIES			74347R685	0	1	SH		Sole	01			1
PROSHARES ULTRA     	DOW 30 PROSHARES    	74347R305	6	100	SH		Sole	01			100
PROSHARES ULTRA     	SHORT 30 FD         	74347R867	2	125	SH		Sole	01			125
PROVIDENT NEW YORK  	BANCORP COM         	744028101	1	100	SH		Sole	01			100
PUBLIC STORAGE      	COM                 	74460D109	14	127	SH		Sole	01			127
PUTNAM MASTER INTER 	INCOME TR SH BEN INT	746909100	15	2554	SH		Sole	01			2554
PUTNAM PREMIER INC  	TR SH BEN INT       	746853100	32	5011	SH		Sole	01			5011
QUALCOMM INC        	                    	747525103	66	1200	SH		Sole	01			1200
QWEST COMM INTL INC 	                    	749121109	1	150	SH		Sole	01			150
RADIOSHACK CORP     	                    	750438103	8	500	SH		Sole	01			500
RAYONIER INC        	                    	754907103	44	700	SH		Sole	01			700
RAYTHEON CO COM NEW 	ISIN #US7551115071  	755111507	25	500	SH		Sole	01			500
REALNETWORKS INC    	                    	75605L104	3	900	SH		Sole	01			900
RENAISSANCERE       	HOLDINGS LTD COM STK	G7496G103	2	34	SH		Sole	01			34
RESEARCH IN MOTION  	COM NPV             	760975102	6	100	SH		Sole	01			100
RIO TINTO SPRD      	ADR-CNV INTO 4      	767204100	4	50	SH		Sole	01			50
RITE AID CORP       	                    	767754104	1	600	SH		Sole	01			600
RUBICON MINERALS    	CORP COM NPV        	780911103	12	2350	SH		Sole	01			2350
RXI PHARMACEUTICALS 	CORP COM            	74978T109	5	3298	SH		Sole	01			3298
RYDER SYSTEM INC    	                    	783549108	5	100	SH		Sole	01			100
S1 CORP             	                    	78463B101	1	200	SH		Sole	01			200
SAFEGUARD           	SCIENTIFICS INC COM 	786449207	4	200	SH		Sole	01			200
SANDISK CORP        	                    	80004C101	7	150	SH		Sole	01			150
SARA LEE CORP       	                    	803111103	1	50	SH		Sole	01			50
SCHLUMBERGER LIMITED	COM STK USD0.01     	806857108	247	2645	SH		Sole	01			2645
SECTOR SPDR TR SHS  	BEN INT ENERGY      	81369Y506	40	500	SH		Sole	01			500
SECTOR SPDR TR SHS  	BEN INT FINANCIAL   	81369Y605	9	550	SH		Sole	01			550
SELECT SECTOR SPDR  	TR HEALTH CARE      	81369Y209	330	9979	SH		Sole	01			9979
SEMPRA ENERGY       	                    	816851109	27	500	SH		Sole	01			500
SIGNATURE BK        	NEW YORK N Y        	82669G104	8	150	SH		Sole	01			150
SIRIUS XM RADIO INC 	COM                 	82967N108	3	1550	SH		Sole	01			1550
SMART MODULAR       	TECHNOLOGIES WWH INC	G82245104	2	250	SH		Sole	01			250
SMITH & WESSON HLDG 	CORP                	831756101	1	188	SH		Sole	01			188
SOLAR CAP LTD COM   	                    	83413U100	1421	59488	SH		Sole	01			59488
SONUS NETWORKS INC  	                    	835916107	3	800	SH		Sole	01			800
SOURCEFIRE INC      	                    	83616T108	3	99	SH		Sole	01			99
SOUTHWEST AIRLNS CO 	                    	844741108	2	150	SH		Sole	01			150
SPDR INDEX SHS FDS  	DJ EURO STOXX 50    	78463X202	2	50	SH		Sole	01			50
SPDR INDEX SHS FDS  	S&P EMERGING LATIN  	78463X707	7	76	SH		Sole	01			76
SPDR INDEX SHS FDS  	SPDR S&P INTL       	78463X731	7	239	SH		Sole	01			239
SPDR S&P 500 ETF    	TRUST UNIT SER 1 S&P	78462F103	69	523	SH		Sole	01			523
SPDR SER TR         	S&P DIVID ETF       	78464A763	0	1	SH		Sole	01			1
SPDR SER TR BARCLAYS	CAP HIGH YIELD BD   	78464A417	119	2940	SH		Sole	01			2940
SPDR SER TR LEHMAN  	SHORT TERM INTL     	78464A334	34	871	SH		Sole	01			871
SPDR SER TR LEHMAN  	INTL TREAS BD ETF   	78464A516	7340	122673	SH		Sole	01			122673
SPECTRA ENERGY CORP 	COM                 	847560109	14	500	SH		Sole	01			500
SPRINT NEXTEL CORP  	FON SHS             	852061100	0	1	SH		Sole	01			1
STARWOOD HOTELS &   	RESORTS WORLDWIDE   	85590A401	1	25	SH		Sole	01			25
STATE BANCORP INC NY	                    	855716106	3	250	SH		Sole	01			250
STEC INC            	                    	784774101	1	57	SH		Sole	01			57
STURM RUGER & CO INC	                    	864159108	2	90	SH		Sole	01			90
SWIFT ENERGY CO     	                    	870738101	2	50	SH		Sole	01			50
SXC HEALTH SOLUTIONS	CORP COM NPV        	78505P100	2	39	SH		Sole	01			39
SYSTEMAX INC        	                    	871851101	2	150	SH		Sole	01			150
TAKE-TWO INTERACTIVE	SOFTWRE             	874054109	0	8	SH		Sole	01			8
TARGET CORP         	                    	87612E106	22	445	SH		Sole	01			445
TECH DATA CORP      	                    	878237106	2	35	SH		Sole	01			35
TESSERA TECHNOLOGIES	INC COM             	88164L100	1	65	SH		Sole	01			65
TEVA PHARMACEUTICAL 	INDUSTRIES ADR-EACH 	881624209	23	463	SH		Sole	01			463
TEXAS INSTRUMENTS   	INC                 	882508104	2	50	SH		Sole	01			50
TEXTRON INC         	                    	883203101	29	1065	SH		Sole	01			1065
THERMO FISHER       	SCIENTIFIC INC      	883556102	32	580	SH		Sole	01			580
THOMSON-REUTERS CO  	COM NPV             	884903105	3	66	SH		Sole	01			66
TIME WARNER CABLE   	INC COM             	88732J207	69	974	SH		Sole	01			974
TIME WARNER INC NEW 	COM NEW             	887317303	162	4536	SH		Sole	01			4536
TORTOISE ENERGY 	INFRSTRCTR C COM	89147L100	454	11299	SH		Sole	01			11299
TRANSDIGM GROUP INC 	COM                 	893641100	2	23	SH		Sole	01			23
TRANSOCEAN LIMITED  	COM CHF15           	H8817H100	8	102	SH		Sole	01			102
TWO HBRS INVT CORP  	WT EXP 11/07/2013   	90187B119	2	6068	SH		Sole	01			6068
TYCO INTERNATIONAL  	LTD(SWITZERLAND) COM	H89128104	18	400	SH		Sole	01			400
TYLER TECHNOLOGIES  	INC                 	902252105	2	75	SH		Sole	01			75
UNILEVER NV         	EUR0.16(NEW YORK    	904784709	28	900	SH		Sole	01			900
UNION PACIFIC CORP  	                    	907818108	7	70	SH		Sole	01			70
UNITED PARCEL SVC   	INC CL B            	911312106	9	120	SH		Sole	01			120
UNITED STATES STEEL 	CORP                	912909108	11	200	SH		Sole	01			200
UNITED TECHNOLOGIES 	CORP                	913017109	13	150	SH		Sole	01			150
UNITEDHEALTH GROUP  	                    	91324P102	22	480	SH		Sole	01			480
VAALCO ENERGY INC   	COM NEW             	91851C201	7	900	SH		Sole	01			900
VAIL RESORTS INC    	                    	91879Q109	16	325	SH		Sole	01			325
VALLEY NATL BANCORP 	                    	919794107	0	5	SH		Sole	01			5
VANGUARD EMERGING   	MKTS VIPERS         	922042858	203	4139	SH		Sole	01			4139
VANGUARD INDEX FDS  	VANGUARD REIT ETF   	922908553	2	35	SH		Sole	01			35
VANGUARD INDEX FDS  	VANGUARD LARGE CAP  	922908637	2060	33905	SH		Sole	01			33905
VANGUARD INDEX FDS  	VANGUARD SMALL CAP  	922908751	8	105	SH		Sole	01			105
VANGUARD INDEX FDS  	VANGUARD TOTAL STK  	922908769	12	175	SH		Sole	01			175
VANGUARD INTL EQUITY	INDEX FD INC        	922042866	332	5951	SH		Sole	01			5951
VANGUARD SECTOR     	INDEX FDS VANGUARD  	92204A504	35	583	SH		Sole	01			583
VANGUARD SPECIALIZED	PORTFOLIOS DIV		921908844	236	4244	SH		Sole	01			4244
VERIZON             	COMMUNICATIONS      	92343V104	124	3220	SH		Sole	01			3220
VERSAR INC          	                    	925297103	2	500	SH		Sole	01			500
VIACOM INC NEW      	CL B                	92553P201	49	1050	SH		Sole	01			1050
VICON INDS INC      	                    	925811101	2	400	SH		Sole	01			400
VISTAPRINT N V SHS  	                    	N93540107	2	34	SH		Sole	01			34
VODAFONE GROUP SPON 	ADR REP 10 ORD      	92857W209	14	480	SH		Sole	01			480
WAL-MART STORES INC				931142103	8	149	SH		Sole	01			149
WATSCO INC  COMMON  	CL A RECLASSIFIED AS	942622200	4	60	SH		Sole	01			60
WEBMD HEALTH CORP   	CL A                	94770V102	2	44	SH		Sole	01			44
WELLS FARGO & CO    	NEW                 	949746101	38	1200	SH		Sole	01			1200
WENDYS ARBYS GROUP  	INC COM             	950587105	8	1551	SH		Sole	01			1551
WEST MARINE INC     	                    	954235107	9	900	SH		Sole	01			900
WESTERN INTER MUNI  	FD INC COM          	958435109	9	925	SH		Sole	01			925
WILLIAMS COS INC    	                    	969457100	2	50	SH		Sole	01			50
WISDOMTREE EMERG    	MKTS EQUITY INCOME  	97717W315	11859	194060	SH		Sole	01			194060
WISDOMTREE TR       	EMERGING MKTS       	97717W281	54	1011	SH		Sole	01			1011
WISDOMTREE TR       	DEFA FD             	97717W703	14597	293636	SH		Sole	01			293636
WISDOMTREE TR INTL  	SMALLCAP DIVID FD   	97717W760	50	935	SH		Sole	01			935
WRIGHT EXPRESS      	CORP                	98233Q105	3	66	SH		Sole	01			66
WYNDHAM WORLDWIDE   	CORP COM            	98310W108	12	380	SH		Sole	01			380
YAHOO INC           	                    	984332106	8	450	SH		Sole	01			450
YOUKU COM INC       	SPONSORED ADR       	98742U100	6	128	SH		Sole	01			128
ZWEIG TOTAL RETURN  	FD INC              	989837109	0	2	SH		Sole	01			2



</Table>


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>