<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>high3q09.txt
<DESCRIPTION>HIGHTOWER ADVISORS, LLC
<TEXT>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2009
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: HighTower Advisors, LLC
Address: 525 West Monroe Street, Suite 2300
Chicago, IL 60661
13F File Number: 028-13510
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: Matthew M. Reynolds
Title: Chief Compliance Officer
Phone: 312-962-3800
Signature, Place, and Date of Signing:
/s/ Matthew M. Reynolds Chicago, IL November 09, 2009
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form13F Information Table Entry Total: 428
Form13F Information Table Value Total: $313,347 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
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 SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3M CO COM 88579Y101 405 5493 SH SOLE 5493 0 0
A D C TELECOMMUNICATIONS FRNT 6/1 000886AB7 17 21000 PRN SOLE 21000 0 0
ABBOTT LABS COM 002824100 1314 26560 SH SOLE 26560 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 1169 31367 SH SOLE 31367 0 0
ACE LTD SHS H0023R105 489 9145 SH SOLE 9145 0 0
ADVANCED MICRO DEVICES INC COM 007903107 93 16400 SH SOLE 16400 0 0
AEGON N V NY REGISTRY SH 007924103 265 31307 SH SOLE 31307 0 0
AETNA INC NEW COM 00817Y108 238 8559 SH SOLE 8559 0 0
AFLAC INC COM 001055102 712 16659 SH SOLE 16659 0 0
AGFEED INDUSTRIES INC COM 00846L101 1372 256885 SH SOLE 256885 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 206 7414 SH SOLE 7414 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 507 25765 SH SOLE 25765 0 0
ALCATEL-LUCENT SPONSORED ADR 013904305 290 64660 SH SOLE 64660 0 0
ALCOA INC COM 013817101 385 29380 SH SOLE 29380 0 0
ALCON INC COM SHS H01301102 275 1980 SH SOLE 1980 0 0
ALEXZA PHARMACEUTICALS INC COM 015384100 25 11200 SH SOLE 11200 0 0
ALLERGAN INC COM 018490102 1705 30047 SH SOLE 30047 0 0
ALLIANT TECHSYSTEMS INC COM 018804104 272 3496 SH SOLE 3496 0 0
ALLSTATE CORP COM 020002101 710 23196 SH SOLE 23196 0 0
ALTRIA GROUP INC COM 02209S103 529 29711 SH SOLE 29711 0 0
AMAZON COM INC COM 023135106 1478 15836 SH SOLE 15836 0 0
AMEDISYS INC COM 023436108 672 15392 SH SOLE 15392 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 357 8134 SH SOLE 8134 0 0
AMERICAN EXPRESS CO COM 025816109 509 15011 SH SOLE 15011 0 0
AMERICAN TOWER CORP CL A 029912201 226 6217 SH SOLE 6217 0 0
AMERISOURCEBERGEN CORP COM 03073E105 584 26107 SH SOLE 26107 0 0
AMGEN INC NOTE 0.125% 2/0 031162AN0 10 10000 PRN SOLE 10000 0 0
AMGEN INC COM 031162100 821 13631 SH SOLE 13631 0 0
ANADARKO PETE CORP COM 032511107 254 4056 SH SOLE 4056 0 0
ANALOG DEVICES INC COM 032654105 344 12481 SH SOLE 12481 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 370 9079 SH SOLE 9079 0 0
ANNALY CAP MGMT INC COM 035710409 408 22516 SH SOLE 22516 0 0
AON CORP COM 037389103 359 8812 SH SOLE 8812 0 0
APACHE CORP COM 037411105 749 8158 SH SOLE 8158 0 0
APPLE INC COM 037833100 3325 17937 SH SOLE 17937 0 0
APPLIED MATLS INC COM 038222105 260 19414 SH SOLE 19414 0 0
ARES CAP CORP COM 04010L103 155 14022 SH SOLE 14022 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 839 18660 SH SOLE 18660 0 0
AT&T INC COM 00206R102 3100 114777 SH SOLE 114777 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 424 10789 SH SOLE 10789 0 0
AXA SPONSORED ADR 054536107 221 8179 SH SOLE 8179 0 0
BAKER HUGHES INC COM 057224107 245 5736 SH SOLE 5736 0 0
BALLY TECHNOLOGIES INC COM 05874B107 296 7710 SH SOLE 7710 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 234 10081 SH SOLE 10081 0 0
BANCO SANTANDER SA ADR 05964H105 215 13340 SH SOLE 13340 0 0
BANK OF AMERICA CORPORATION COM 060505104 665 39301 SH SOLE 39301 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 476 16424 SH SOLE 16424 0 0
BARCLAYS BK PLC IPSP CROIL ETN 06738C786 208 8755 SH SOLE 8755 0 0
BARCLAYS PLC ADR 06738E204 345 14595 SH SOLE 14595 0 0
BARNES & NOBLE INC COM 067774109 1533 69003 SH SOLE 69003 0 0
BARRICK GOLD CORP COM 067901108 438 11545 SH SOLE 11545 0 0
BAXTER INTL INC COM 071813109 422 7394 SH SOLE 7394 0 0
BB&T CORP COM 054937107 253 9299 SH SOLE 9299 0 0
BECKMAN COULTER INC NOTE 2.500%12/1 075811AD1 18 16000 PRN SOLE 16000 0 0
BECTON DICKINSON & CO COM 075887109 224 3208 SH SOLE 3208 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 778 234 SH SOLE 234 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 343 5196 SH SOLE 5196 0 0
BIOGEN IDEC INC COM 09062X103 719 14237 SH SOLE 14237 0 0
BLACKROCK INSD MUN INCOME TR COM 092479104 203 14500 SH SOLE 14500 0 0
BLACKROCK INSD MUN TERM TR I COM 092474105 417 40132 SH SOLE 40132 0 0
BLACKROCK MUNI N Y INTER DUR COM 09255F109 133 10500 SH SOLE 10500 0 0
BLACKROCK MUNIHLDGS INS INV COM 09254P108 275 21023 SH SOLE 21023 0 0
BLACKROCK MUNIVEST FD INC COM 09253R105 108 11245 SH SOLE 11245 0 0
BLACKROCK PFD OPPORTUNITY TR COM SHS 09249V103 102 10000 SH SOLE 10000 0 0
BMC SOFTWARE INC COM 055921100 546 14545 SH SOLE 14545 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 293 11800 SH SOLE 11800 0 0
BOEING CO COM 097023105 667 12317 SH SOLE 12317 0 0
BOSTON SCIENTIFIC CORP COM 101137107 164 15485 SH SOLE 15485 0 0
BP PLC SPONSORED ADR 055622104 369 6937 SH SOLE 6937 0 0
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 213 2850 SH SOLE 2850 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 134 12123 SH SOLE 12123 0 0
BRIGHAM EXPLORATION CO COM 109178103 116 12750 SH SOLE 12750 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 2197 97553 SH SOLE 97553 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 204 10137 SH SOLE 10137 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 218 9620 SH SOLE 9620 0 0
BROWN FORMAN CORP CL A 115637100 281 5493 SH SOLE 5493 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 1580 32648 SH SOLE 32648 0 0
CA INC COM 12673P105 984 44757 SH SOLE 44757 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 226 9530 SH SOLE 9530 0 0
CAMERON INTERNATIONAL CORP NOTE 2.500% 6/1 13342BAB1 18 14000 PRN SOLE 14000 0 0
CANON INC ADR 138006309 487 12188 SH SOLE 12188 0 0
CARNIVAL CORP DBCV 0.500% 4/2 143658AV4 7 10000 PRN SOLE 10000 0 0
CATALYST HEALTH SOLUTIONS IN COM 14888B103 696 23884 SH SOLE 23884 0 0
CATERPILLAR INC DEL COM 149123101 323 6289 SH SOLE 6289 0 0
CENTRAIS ELETRICAS BRASILEIR SPONSORED ADR 15234Q207 249 16115 SH SOLE 16115 0 0
CFS BANCORP INC COM 12525D102 121 25834 SH SOLE 25834 0 0
CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167BZ9 9 10000 PRN SOLE 10000 0 0
CHEVRON CORP NEW COM 166764100 1515 21513 SH SOLE 21513 0 0
CHIMERA INVT CORP COM 16934Q109 152 39803 SH SOLE 39803 0 0
CHUBB CORP COM 171232101 868 17218 SH SOLE 17218 0 0
CISCO SYS INC COM 17275R102 1950 82831 SH SOLE 82831 0 0
CITIGROUP INC COM 172967101 213 43928 SH SOLE 43928 0 0
CLAYMORE ETF TRUST 2 CHINA SML CAP 18383Q853 321 13669 SH SOLE 13669 0 0
CME GROUP INC COM 12572Q105 333 1081 SH SOLE 1081 0 0
COCA COLA CO COM 191216100 2131 39678 SH SOLE 39678 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 1021 26414 SH SOLE 26414 0 0
COHEN & STEERS REIT & UTIL I COM 19247Y108 169 17743 SH SOLE 17743 0 0
COLGATE PALMOLIVE CO COM 194162103 349 4574 SH SOLE 4574 0 0
COMCAST CORP NEW CL A 20030N101 1050 62227 SH SOLE 62227 0 0
COMCAST CORP NEW CL A SPL 20030N200 481 29923 SH SOLE 29923 0 0
CONOCOPHILLIPS COM 20825C104 1068 23646 SH SOLE 23646 0 0
CONSOLIDATED EDISON INC COM 209115104 246 5997 SH SOLE 5997 0 0
CORNING INC COM 219350105 166 10825 SH SOLE 10825 0 0
CORRIENTE RES INC COM NEW 22027E409 63 10000 SH SOLE 10000 0 0
COSTCO WHSL CORP NEW COM 22160K105 742 13143 SH SOLE 13143 0 0
COVIDIEN PLC SHS G2554F105 428 9901 SH SOLE 9901 0 0
CRH PLC ADR 12626K203 200 7222 SH SOLE 7222 0 0
CURAGEN CORP COM 23126R101 15 10000 SH SOLE 10000 0 0
CVS CAREMARK CORPORATION COM 126650100 1202 33630 SH SOLE 33630 0 0
DANAHER CORP DEL NOTE 1/2 235851AF9 15 15000 PRN SOLE 15000 0 0
DEERE & CO COM 244199105 564 13139 SH SOLE 13139 0 0
DELCATH SYS INC COM 24661P104 1122 228518 SH SOLE 228518 0 0
DELL INC COM 24702R101 497 32551 SH SOLE 32551 0 0
DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 476 34840 SH SOLE 34840 0 0
DEVON ENERGY CORP NEW COM 25179M103 644 9558 SH SOLE 9558 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 637 10361 SH SOLE 10361 0 0
DIRECTV GROUP INC COM 25459L106 945 34278 SH SOLE 34278 0 0
DISNEY WALT CO COM DISNEY 254687106 371 13510 SH SOLE 13510 0 0
DOLBY LABORATORIES INC COM 25659T107 650 17022 SH SOLE 17022 0 0
DOW CHEM CO COM 260543103 778 29856 SH SOLE 29856 0 0
DR PEPPER SNAPPLE GROUP INC COM 26138E109 295 10274 SH SOLE 10274 0 0
DREYFUS STRATEGIC MUN BD FD COM 26202F107 500 64811 SH SOLE 64811 0 0
DREYFUS STRATEGIC MUNS INC COM 261932107 1098 138853 SH SOLE 138853 0 0
DST SYS INC DEL DBCV 4.125% 8/1 233326AB3 11 10000 PRN SOLE 10000 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 268 8340 SH SOLE 8340 0 0
E M C CORP MASS NOTE 1.750%12/0 268648AM4 15 12000 PRN SOLE 12000 0 0
EASTMAN KODAK CO NOTE 3.375%10/1 277461BE8 15 15000 PRN SOLE 15000 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 469 31739 SH SOLE 31739 0 0
EATON VANCE SH TM DR DIVR IN COM 27828V104 2861 176302 SH SOLE 176302 0 0
EATON VANCE TX ADV GLBL DIV COM 27828S101 148 11304 SH SOLE 11304 0 0
EATON VANCE TX MGD DIV EQ IN COM 27828N102 131 10250 SH SOLE 10250 0 0
EBAY INC COM 278642103 355 15055 SH SOLE 15055 0 0
EBIX INC COM NEW 278715206 634 11455 SH SOLE 11455 0 0
EL PASO CORP COM 28336L109 217 21001 SH SOLE 21001 0 0
ELAN PLC ADR 284131208 80 11200 SH SOLE 11200 0 0
EMCOR GROUP INC COM 29084Q100 800 31607 SH SOLE 31607 0 0
EMERSON ELEC CO COM 291011104 481 11992 SH SOLE 11992 0 0
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 360 8000 SH SOLE 8000 0 0
ENCANA CORP COM 292505104 506 8785 SH SOLE 8785 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 2539 59661 SH SOLE 59661 0 0
ENI S P A SPONSORED ADR 26874R108 555 11132 SH SOLE 11132 0 0
ENTERGY CORP NEW COM 29364G103 219 2737 SH SOLE 2737 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 568 20045 SH SOLE 20045 0 0
EOG RES INC COM 26875P101 341 4084 SH SOLE 4084 0 0
ERICSSON L M TEL CO ADR B SEK 10 294821608 548 54668 SH SOLE 54668 0 0
EVERGREEN INCOME ADVANTAGE F COM SHS 30023Y105 106 11518 SH SOLE 11518 0 0
EXXON MOBIL CORP COM 30231G102 2847 41494 SH SOLE 41494 0 0
FEDERATED PREM INTR MUN INC COM 31423M105 1290 95072 SH SOLE 95072 0 0
FIFTH THIRD BANCORP COM 316773100 238 23506 SH SOLE 23506 0 0
FIRST TR ACTIVE DIVID INCOME COM 33731L100 134 10000 SH SOLE 10000 0 0
FISHER SCIENTIFIC INTL INC NOTE 3.250% 3/0 338032AX3 20 16000 PRN SOLE 16000 0 0
FLEXTRONICS INTL LTD ORD Y2573F102 212 30139 SH SOLE 30139 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 83 11479 SH SOLE 11479 0 0
FPL GROUP INC COM 302571104 308 5570 SH SOLE 5570 0 0
FRANCE TELECOM SPONSORED ADR 35177Q105 571 21214 SH SOLE 21214 0 0
FRANKLIN RES INC COM 354613101 243 2420 SH SOLE 2420 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 426 6202 SH SOLE 6202 0 0
GAMESTOP CORP NEW CL A 36467W109 495 18708 SH SOLE 18708 0 0
GAP INC DEL COM 364760108 239 11149 SH SOLE 11149 0 0
GENERAL DYNAMICS CORP COM 369550108 798 12354 SH SOLE 12354 0 0
GENERAL ELECTRIC CO COM 369604103 3635 221375 SH SOLE 221375 0 0
GENWORTH FINL INC COM CL A 37247D106 231 19306 SH SOLE 19306 0 0
GENZYME CORP COM 372917104 310 5471 SH SOLE 5471 0 0
GILEAD SCIENCES INC NOTE 0.625% 5/0 375558AH6 26 20000 PRN SOLE 20000 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 922 23338 SH SOLE 23338 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1974 10707 SH SOLE 10707 0 0
GOODRICH CORP COM 382388106 1446 26612 SH SOLE 26612 0 0
GOOGLE INC CL A 38259P508 2519 5081 SH SOLE 5081 0 0
HALLIBURTON CO COM 406216101 320 11808 SH SOLE 11808 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 316 11909 SH SOLE 11909 0 0
HCP INC COM 40414L109 230 7987 SH SOLE 7987 0 0
HEINZ H J CO COM 423074103 709 17834 SH SOLE 17834 0 0
HELMERICH & PAYNE INC COM 423452101 1633 41308 SH SOLE 41308 0 0
HESS CORP COM 42809H107 354 6629 SH SOLE 6629 0 0
HEWLETT PACKARD CO COM 428236103 2136 45247 SH SOLE 45247 0 0
HIGHLAND CR STRATEGIES FD COM 43005Q107 136 21389 SH SOLE 21389 0 0
HOLLY ENERGY PARTNERS L P COM UT LTD PTN 435763107 1646 42203 SH SOLE 42203 0 0
HOME DEPOT INC COM 437076102 1622 60871 SH SOLE 60871 0 0
HONEYWELL INTL INC COM 438516106 1357 36519 SH SOLE 36519 0 0
HOSPIRA INC COM 441060100 818 18330 SH SOLE 18330 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 422 7366 SH SOLE 7366 0 0
HUDSON CITY BANCORP COM 443683107 140 10643 SH SOLE 10643 0 0
IAMGOLD CORP COM 450913108 1842 130257 SH SOLE 130257 0 0
INDEXIQ ETF TR HEDGE MLTI ETF 45409B107 532 19659 SH SOLE 19659 0 0
INERGY L P UNIT LTD PTNR 456615103 441 14794 SH SOLE 14794 0 0
INTEL CORP SDCV 2.950%12/1 458140AD2 18 20000 PRN SOLE 20000 0 0
INTEL CORP COM 458140100 1920 98103 SH SOLE 98103 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 3348 27987 SH SOLE 27987 0 0
INTERNATIONAL GAME TECHNOLOG DBCV 2.600%12/1 459902AP7 23 23000 PRN SOLE 23000 0 0
ISHARES COMEX GOLD TR ISHARES 464285105 1396 14112 SH SOLE 14112 0 0
ISHARES INC MSCI BRAZIL 464286400 2091 30921 SH SOLE 30921 0 0
ISHARES TR MSCI GRW IDX 464288885 220 4133 SH SOLE 4133 0 0
ISHARES TR S&P SH NTL AMTFR 464288158 424 4000 SH SOLE 4000 0 0
ISHARES TR S&P CITINT TBD 464288117 206 1925 SH SOLE 1925 0 0
ISHARES TR S&PCITI1-3YRTB 464288125 379 3540 SH SOLE 3540 0 0
ISHARES TR JPMORGAN USD 464288281 295 2865 SH SOLE 2865 0 0
ISHARES TR BARCLYS INTER CR 464288638 3111 30056 SH SOLE 30056 0 0
ISHARES TR BARCLYS 3-7 YR 464288661 319 2837 SH SOLE 2837 0 0
ISHARES TR BARCLYS 1-3YR CR 464288646 4865 46615 SH SOLE 46615 0 0
ISHARES TR S&P NTL AMTFREE 464288414 385 3643 SH SOLE 3643 0 0
ISHARES TR INDEX IBOXX INV CPBD 464287242 2806 26304 SH SOLE 26304 0 0
ISHARES TR INDEX RUSSELL MCP VL 464287473 600 16932 SH SOLE 16932 0 0
ISHARES TR INDEX S&P 1500 INDEX 464287150 1247 26213 SH SOLE 26213 0 0
ISHARES TR INDEX RUSSELL MCP GR 464287481 652 15321 SH SOLE 15321 0 0
ISHARES TR INDEX MSCI EMERG MKT 464287234 930 23897 SH SOLE 23897 0 0
ISHARES TR INDEX MSCI EAFE IDX 464287465 1257 22986 SH SOLE 22986 0 0
ISHARES TR INDEX FTSE XNHUA IDX 464287184 4135 101062 SH SOLE 101062 0 0
ISHARES TR INDEX DJ US TECH SEC 464287721 277 5330 SH SOLE 5330 0 0
ISHARES TR INDEX DJ US INDEX FD 464287846 799 15230 SH SOLE 15230 0 0
ISHARES TR INDEX DJ SEL DIV INX 464287168 210 5083 SH SOLE 5083 0 0
ISHARES TR INDEX BARCLYS TIPS BD 464287176 2274 22104 SH SOLE 22104 0 0
ISHARES TR INDEX BARCLY USAGG B 464287226 1934 18436 SH SOLE 18436 0 0
ISHARES TR INDEX RUSSELL1000VAL 464287598 680 12258 SH SOLE 12258 0 0
ISHARES TR INDEX BARCLYS 1-3 YR 464287457 1618 19262 SH SOLE 19262 0 0
ISHARES TR INDEX S&P 500 INDEX 464287200 302 2853 SH SOLE 2853 0 0
ISHARES TR INDEX S&P SMLCAP 600 464287804 547 10457 SH SOLE 10457 0 0
ISHARES TR INDEX RUSSELL1000GRW 464287614 591 12767 SH SOLE 12767 0 0
IVANHOE MINES LTD COM 46579N103 210 16442 SH SOLE 16442 0 0
JOHNSON & JOHNSON COM 478160104 2738 44965 SH SOLE 44965 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 450 17973 SH SOLE 17973 0 0
JPMORGAN CHASE & CO COM 46625H100 2409 54980 SH SOLE 54980 0 0
JUNIPER NETWORKS INC COM 48203R104 252 9310 SH SOLE 9310 0 0
KENSEY NASH CORP COM 490057106 684 23615 SH SOLE 23615 0 0
KIMBERLY CLARK CORP COM 494368103 359 6089 SH SOLE 6089 0 0
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 567 10495 SH SOLE 10495 0 0
KOREA ELECTRIC PWR SPONSORED ADR 500631106 211 13874 SH SOLE 13874 0 0
KRAFT FOODS INC CL A 50075N104 517 19681 SH SOLE 19681 0 0
KROGER CO COM 501044101 215 10394 SH SOLE 10394 0 0
L-1 IDENTITY SOLUTIONS INC COM 50212A106 823 117710 SH SOLE 117710 0 0
L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 14 14000 PRN SOLE 14000 0 0
LHC GROUP INC COM 50187A107 243 8135 SH SOLE 8135 0 0
LIBERTY MEDIA CORP NEW ENT COM SER A 53071M500 305 9810 SH SOLE 9810 0 0
LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 184 16749 SH SOLE 16749 0 0
LILLY ELI & CO COM 532457108 219 6618 SH SOLE 6618 0 0
LINCOLN EDL SVCS CORP COM 533535100 2264 98961 SH SOLE 98961 0 0
LINEAR TECHNOLOGY CORP NOTE 3.125% 5/0 535678AD8 15 15000 PRN SOLE 15000 0 0
LINN ENERGY LLC UNIT LTD LIAB 536020100 1613 70422 SH SOLE 70422 0 0
LOCKHEED MARTIN CORP COM 539830109 604 7736 SH SOLE 7736 0 0
LOEWS CORP COM 540424108 305 8898 SH SOLE 8898 0 0
LOWES COS INC COM 548661107 304 14518 SH SOLE 14518 0 0
M & T BK CORP COM 55261F104 1951 31313 SH SOLE 31313 0 0
MACYS INC COM 55616P104 323 17652 SH SOLE 17652 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 556 14786 SH SOLE 14786 0 0
MARATHON OIL CORP COM 565849106 1473 46177 SH SOLE 46177 0 0
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 346 8960 SH SOLE 8960 0 0
MARKWEST ENERGY PARTNERS L P UNIT LTD PARTN 570759100 393 16636 SH SOLE 16636 0 0
MASSEY ENERGY CORP COM 576206106 1700 60954 SH SOLE 60954 0 0
MASTERCARD INC CL A 57636Q104 314 1548 SH SOLE 1548 0 0
MCDONALDS CORP COM 580135101 550 9636 SH SOLE 9636 0 0
MEDTRONIC INC COM 585055106 1105 30040 SH SOLE 30040 0 0
MERCK & CO INC COM 589331107 418 13218 SH SOLE 13218 0 0
MERRILL LYNCH CO INC MTN BE NOTE 9/0 59018YVX6 305 319000 PRN SOLE 319000 0 0
METLIFE INC COM 59156R108 794 20848 SH SOLE 20848 0 0
MF GLOBAL LTD SHS G60642108 74 10169 SH SOLE 10169 0 0
MFA FINANCIAL INC COM 55272X102 177 22279 SH SOLE 22279 0 0
MFS INTER INCOME TR SH BEN INT 55273C107 266 38750 SH SOLE 38750 0 0
MICRON TECHNOLOGY INC COM 595112103 140 17134 SH SOLE 17134 0 0
MICROSOFT CORP COM 594918104 3422 133037 SH SOLE 133037 0 0
MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 353 66055 SH SOLE 66055 0 0
MIZUHO FINL GROUP INC SPONSORED ADR 60687Y109 168 42688 SH SOLE 42688 0 0
MOLSON COORS BREWING CO NOTE 2.500% 7/3 60871RAA8 20 18000 PRN SOLE 18000 0 0
MONSANTO CO NEW COM 61166W101 1041 13444 SH SOLE 13444 0 0
MORGAN STANLEY COM NEW 617446448 399 12913 SH SOLE 12913 0 0
MORGAN STANLEY NOTE 2.000%12/3 617446JQ3 23 25000 PRN SOLE 25000 0 0
MOTOROLA INC COM 620076109 583 67874 SH SOLE 67874 0 0
MYLAN INC COM 628530107 181 11315 SH SOLE 11315 0 0
NABORS INDS INC NOTE 0.940% 5/1 629568AP1 19 20000 PRN SOLE 20000 0 0
NATIONAL CITY CORP NOTE 4.000% 2/0 635405AW3 24 24000 PRN SOLE 24000 0 0
NATIONAL FINL PARTNERS CORP COM 63607P208 378 43314 SH SOLE 43314 0 0
NATIONAL OILWELL VARCO INC COM 637071101 885 20509 SH SOLE 20509 0 0
NEUBERGER BERMAN INTER MUNI COM 64124P101 715 53303 SH SOLE 53303 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 355 31086 SH SOLE 31086 0 0
NEWELL RUBBERMAID INC COM 651229106 234 14943 SH SOLE 14943 0 0
NEWS CORP CL A 65248E104 210 17539 SH SOLE 17539 0 0
NII HLDGS INC CL B NEW 62913F201 898 29892 SH SOLE 29892 0 0
NII HLDGS INC NOTE 3.125% 6/1 62913FAJ1 12 14000 PRN SOLE 14000 0 0
NIKE INC CL B 654106103 313 4839 SH SOLE 4839 0 0
NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 549 23836 SH SOLE 23836 0 0
NOBLE ENERGY INC COM 655044105 742 11247 SH SOLE 11247 0 0
NOKIA CORP SPONSORED ADR 654902204 574 39285 SH SOLE 39285 0 0
NORTH EUROPEAN OIL RTY TR SH BEN INT 659310106 386 12674 SH SOLE 12674 0 0
NOVARTIS A G SPONSORED ADR 66987V109 722 14340 SH SOLE 14340 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 273 5257 SH SOLE 5257 0 0
NUVEEN FLOATING RATE INCOME COM 67072T108 549 57816 SH SOLE 57816 0 0
NUVEEN MUN VALUE FD INC COM 670928100 108 10870 SH SOLE 10870 0 0
NYSE EURONEXT COM 629491101 368 12721 SH SOLE 12721 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 347 4420 SH SOLE 4420 0 0
OCEANEERING INTL INC COM 675232102 966 17027 SH SOLE 17027 0 0
OLD REP INTL CORP COM 680223104 131 10750 SH SOLE 10750 0 0
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OMNICOM GROUP INC NOTE 7/0 681919AT3 15 15000 PRN SOLE 15000 0 0
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ONEOK PARTNERS LP UNIT LTD PARTN 68268N103 584 11038 SH SOLE 11038 0 0
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SPDR TR UNIT SER 1 78462F103 1748 16559 SH SOLE 16559 0 0
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</TABLE>
</TEXT>
</DOCUMENT>