0001086763-15-000002.txt : 20150218 0001086763-15-000002.hdr.sgml : 20150216 20150217115709 ACCESSION NUMBER: 0001086763-15-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141231 FILED AS OF DATE: 20150217 DATE AS OF CHANGE: 20150217 EFFECTIVENESS DATE: 20150217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST FOUNDATION ADVISORS CENTRAL INDEX KEY: 0001086763 IRS NUMBER: 330221828 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05785 FILM NUMBER: 15619678 BUSINESS ADDRESS: STREET 1: 18101 VON KARMAN AVENUE STREET 2: STE 700 CITY: IRVINE STATE: CA ZIP: 92612 BUSINESS PHONE: 9494760300 MAIL ADDRESS: STREET 1: 18101 VON KARMAN AVENUE STREET 2: STE 700 CITY: IRVINE STATE: CA ZIP: 92612 FORMER COMPANY: FORMER CONFORMED NAME: KELLER GROUP INVESTMENT MANAGEMENT INC /CA/ DATE OF NAME CHANGE: 20010509 FORMER COMPANY: FORMER CONFORMED NAME: KELLER COLLINS HAKOPIAN & LEISURE INVESTMENT COUNSEL INC/CA DATE OF NAME CHANGE: 19990519 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001086763 XXXXXXXX 12-31-2014 12-31-2014 false FIRST FOUNDATION ADVISORS
18101 VON KARMAN AVENUE STE 700 IRVINE CA 92612
13F HOLDINGS REPORT 028-05785 N
GREGORY S. BRUCE CHIEF COMPLIANCE OFFICER 949-622-3724 GREGORY S. BRUCE IRVINE CA 02-17-2015 0 250 1135120
INFORMATION TABLE 2 infotable.xml 3M Co Com COM 88579Y101 782 4759 SH SOLE 4759 0 0 AbbeVie Inc. COM 00287y109 649 9919 SH SOLE 6519 0 3400 Abbott Laboratories COM 002824100 409 9094 SH SOLE 5137 0 3957 Aflac Inc COM 001055102 203 3316 SH SOLE 3316 0 0 Alaska Communications Systems COM 01167P101 63 35000 SH SOLE 35000 0 0 Allergan Inc/United States COM 018490102 259 1218 SH SOLE 1088 0 130 ALPS Alerian MLP ETF ALERIAN MLP 00162q866 241 13756 SH SOLE 10926 0 2830 Altria Group Inc COM 02209S103 19279 391297 SH SOLE 334332 0 56965 Ambev SA American Depositary SPONSORED ADR 02319v103 803 129099 SH SOLE 113516 0 15583 American Express Co COM 025816109 19665 211361 SH SOLE 177281 0 34080 American Realty Capital Properties Inc COM 02917t104 40709 4498189 SH SOLE 3712785 0 785403 AmerisourceBergen Corp COM 03073e105 262 2909 SH SOLE 2909 0 0 Amgen Inc COM 031162100 1005 6311 SH SOLE 6311 0 0 Anheuser-Busch InBev NV SPONSORED ADR 03524A108 23227 206789 SH SOLE 172800 0 33989 Aon plc SHS CL A G0408V102 2033 21442 SH SOLE 19853 0 1589 Apple Inc COM 037833100 10043 90982 SH SOLE 46438 0 44544 Ares Dynamic Credit Allocation COM 04014F102 562 35507 SH SOLE 32331 0 3176 ARMOUR Residential REIT Inc COM 042315101 221 60000 SH SOLE 60000 0 0 AT&T Inc COM 00206r102 652 19413 SH SOLE 16852 0 2561 Automatic Data Processing Inc COM 053015103 436 5227 SH SOLE 5227 0 0 Ball Corp COM 058498106 227 3333 SH SOLE 3333 0 0 Bank Amer Corp Wt Exp 10/28/2018 Strike 30.79 *W EXP 10/28/201 060505153 7 10000 SH SOLE 10000 0 0 Bank of America Corp COM 060505104 268 15003 SH SOLE 14902 0 101 Bank of New York Mellon Co COM 064058100 22275 549052 SH SOLE 453912 0 95140 Baxter International Inc COM 071813109 238 3253 SH SOLE 3253 0 0 Berkshire Hathaway CL A CL A 084670108 2938 13 SH SOLE 13 0 0 Berkshire Hathaway Inc Cl B CL B NEW 084670702 31438 209378 SH SOLE 174238 0 35140 Blackrock Build America Bond T SHS 09248x100 1982 89424 SH SOLE 77905 0 11519 BlackRock Credit Allocation In COM 092508100 1250 96752 SH SOLE 78807 0 17945 Blackrock Floating Rate Income COM 09255x100 405 30232 SH SOLE 23235 0 6997 Blackrock Floating Rate Income COM 091941104 166 12908 SH SOLE 12908 0 0 BlackRock Inc Co COM 09247X101 21937 61352 SH SOLE 51689 0 9662 Blackrock Ltd Duration COM SHS 09249w101 1152 73270 SH SOLE 57569 0 15701 Blackrock Muniholdings CA Insu COM 09254l107 501 34633 SH SOLE 34633 0 0 Boeing Co COM 097023105 20044 154211 SH SOLE 129596 0 24615 Bofi Holding Inc COM 05566u108 1167 15000 SH SOLE 15000 0 0 Bp Plc SPONSORED ADR 055622104 219 5756 SH SOLE 3390 0 2366 Bristol Myers Squibb Co COM 110122108 1050 17793 SH SOLE 16565 0 1228 British American Tobacco PLC SPONSORED ADR 110448107 12280 113893 SH SOLE 97906 0 15987 Broadcom Corp CL A 111320107 1332 30748 SH SOLE 29948 0 800 Brown Forman Corp Class B With CL B 115637209 1425 16228 SH SOLE 15470 0 758 Chambers Street Properties COM 157842105 22478 2788800 SH SOLE 2519471 0 269329 Century Communities Inc COM 156504300 761 44040 SH SOLE 39909 0 4131 Chevron Corp COM 166764100 2893 25793 SH SOLE 25793 0 0 Cisco Systems Inc COM 17275R102 745 26776 SH SOLE 24371 0 2405 Citi A Warrants Exp 01/04/19 *W EXP 01/04/201 172967226 17 18985 SH SOLE 18985 0 0 Citigroup Inc COM NEW 172967424 364 6718 SH SOLE 6718 0 0 Coca Cola Inc COM 191216100 970 22977 SH SOLE 22761 0 216 Cohen & Steers Limited Duratio COM 19248c105 2395 105698 SH SOLE 103111 0 2587 Cohen & Steers Total Return Re COM 19247r103 142 10756 SH SOLE 10756 0 0 Colgate-Palmolive Co COM 194162103 553 7994 SH SOLE 7994 0 0 Colony Financial Inc COM 19624r106 1551 65100 SH SOLE 63000 0 2100 Comcast Corp CL A 20030n101 359 6191 SH SOLE 5791 0 400 Comcast Corp CL A SPL 20030N200 16695 290012 SH SOLE 243021 0 46991 Comstock Mining Inc COM 205750102 11 14163 SH SOLE 14163 0 0 ConocoPhillips COM 20825C104 364 5270 SH SOLE 5268 0 2 Costco Wholesale Corp COM 22160k105 514 3626 SH SOLE 3403 0 223 Covidien PLC SHS G2554F113 16234 158721 SH SOLE 133109 0 25612 Cys Invts Inc Com COM 12673a108 262 30000 SH SOLE 30000 0 0 Devon Energy Corp COM 25179M103 14706 240251 SH SOLE 201782 0 38468 Diageo PLC SPON ADR NEW 25243Q205 25237 221207 SH SOLE 185427 0 35780 Diana Containerships I Com COM y2069p101 19 10000 SH SOLE 10000 0 0 Diversified Real Asset Income COM SHS 25533B108 219 12616 SH SOLE 12373 0 243 Dominion Resources Inc/VA COM 25746U109 507 6590 SH SOLE 6590 0 0 Doubleline Income Solutions Cl COM 258622109 4745 238442 SH SOLE 215792 0 22650 DoubleLine Opportunistic Credi COM 258623107 1565 63735 SH SOLE 58152 0 5583 Dow Chemical Co/The COM 260543103 12048 264143 SH SOLE 81353 0 182790 Dynex Capital Inc COM NEW 26817q506 379 46000 SH SOLE 46000 0 0 Eaton Vance Limited Duration I COM 27828h105 1691 119794 SH SOLE 103355 0 16439 Eaton Vance National Muni COM SHS 27829l105 224 10687 SH SOLE 10687 0 0 Eaton Vance Short Duration COM 27828V104 536 37886 SH SOLE 32374 0 5512 Ecolab Inc COM 278865100 309 2961 SH SOLE 500 0 2461 Edison International COM 281020107 231 3523 SH SOLE 3523 0 0 EI du Pont de Nemours & Co COM 263534109 263 3556 SH SOLE 3556 0 0 Eldorado Gold Corp COM 284902103 69 11330 SH SOLE 11330 0 0 Eli Lilly & Co COM 532457108 664 9618 SH SOLE 9612 0 6 Emerson Electric Co COM 291011104 346 5602 SH SOLE 5602 0 0 Energy Transfer Equity LP COM UT LTD PTN 29273v100 217 3780 SH SOLE 2582 0 1198 Energy Transfer Prtnrs L P Uni UNIT LTD PARTN 29273R109 203 3122 SH SOLE 3122 0 0 Enterprise Prods Partners L P COM 293792107 1265 35022 SH SOLE 33594 0 1428 Express Scripts Holding Co COM 30219g108 233 2755 SH SOLE 2755 0 0 Exxon Mobil Corp COM 30231G102 2414 26115 SH SOLE 25115 0 1000 Facebook Inc CL A 30303m102 6055 77612 SH SOLE 71876 0 5736 Fifth Street Finance Corp COM 31678A103 80 10000 SH SOLE 10000 0 0 Flaherty and Crumrine Dynamic SHS 33848w106 1697 76253 SH SOLE 73733 0 2520 Ford Motor Co COM PAR $0.01 345370860 252 16236 SH SOLE 14518 0 1718 Frontier Communications Corp COM 35906a108 183 27500 SH SOLE 27500 0 0 FTD Companies, Inc COM 30281v108 896 25725 SH SOLE 23516 0 2209 General American Investors COM 368802104 914 26111 SH SOLE 26111 0 0 General Electric Co COM 369604103 1690 66881 SH SOLE 62386 0 4495 General Motors Co COM 37045v100 385 11040 SH SOLE 7493 0 3547 Gilead Sciences Inc COM 375558103 6716 71250 SH SOLE 71010 0 240 Glacier Bancorp Inc COM 37637Q105 444 15985 SH SOLE 15985 0 0 Gladstone Capital Corp COM 376535100 105 12701 SH SOLE 12701 0 0 GlaxoSmithKline PLC SPONSORED ADR 37733W105 15253 356890 SH SOLE 306744 0 50145 Goldman Sachs Group Inc COM 38141G104 13374 68997 SH SOLE 56785 0 12212 Google Inc Class A CL A 38259p508 344 648 SH SOLE 338 0 310 Google Inc Class C CL C 38259p706 10773 20466 SH SOLE 16892 0 3574 Guggenheim S&P 500 Equal Weigh GUG S&P500 EQ WT 78355w106 407 5085 SH SOLE 5085 0 0 Halliburton Co COM 406216101 367 9336 SH SOLE 9336 0 0 HCP Inc COM 40414L109 473 10740 SH SOLE 10740 0 0 Home Depot Inc/The COM 437076102 775 7387 SH SOLE 7387 0 0 Honeywell International Inc COM 438516106 559 5599 SH SOLE 5599 0 0 Illinois Tool Works Inc COM 452308109 428 4517 SH SOLE 4517 0 0 Intel Corp COM 458140100 718 19782 SH SOLE 18382 0 1400 International Business Machine COM 459200101 17564 109473 SH SOLE 90254 0 19220 iShares Core S&P Total US Stoc CORE S&P TTL STL 464287150 1639 17458 SH SOLE 16040 0 1418 iShares DJ Select Dividend Ind SELECT DIVID ETF 464287168 385 4850 SH SOLE 4300 0 550 iShares Iboxx High Yield Corpo IBOX HI YD ETF 464288513 11373 126928 SH SOLE 89378 0 37550 iShares International Select D INTL SEL DIV ETF 464288448 610 18118 SH SOLE 1274 0 16844 iShares JP Morgan Emerging Bon JP MOR EM MK ET 464288281 1936 17643 SH SOLE 16198 0 1445 Ishares Lehman Aggregate CORE US AGGED ET 464287226 9411 85459 SH SOLE 62508 0 22951 iShares MSCI Eafe Index Fund MSCI EAFE ETF 464287465 23404 384680 SH SOLE 300984 0 83696 iShares MSCI Emerging Markets MSCI EMG MKT ETF 464287234 7368 187532 SH SOLE 141306 0 46226 iShares Russell 1000 Growth In RUS 1000 GRW ETF 464287614 216 2255 SH SOLE 1599 0 656 iShares Russell 2000 Index Fun RUSSELL 2000 ETF 464287655 470 3926 SH SOLE 2905 0 1021 iShares S&P 500 Index Fund CORE S&P 500 ETF 464287200 241 1166 SH SOLE 778 0 388 iShares S&P California Municip CALI AMT-FRE ETF 464288356 430 3651 SH SOLE 3651 0 0 iShares S&P Midcap 400 Growth S&P MC 400GR ETF 464287606 256 1602 SH SOLE 1602 0 0 iShares S&P Midcap 400 Value F S&P MC 400VL ETF 464287705 210 1645 SH SOLE 1645 0 0 iShares S&P Small Cap 400 Inde CORE S&P SCP ETF 464287804 515 4512 SH SOLE 3843 0 669 iShares Silver Trusts ISHARES 46428Q109 208 13818 SH SOLE 13818 0 0 Johnson & Johnson Com COM 478160104 33010 315672 SH SOLE 268913 0 46759 JPMorgan Chase & Co COM 46625H100 581 9292 SH SOLE 9156 0 136 Just Energy Group Inc Com COM 48213w101 157 30000 SH SOLE 30000 0 0 Kraft Foods Group Inc COM 50076Q106 762 12166 SH SOLE 12166 0 0 Legg Mason BW Global Income Op COM 52469b100 990 59272 SH SOLE 48095 0 11177 Level 3 Communications Inc COM NEW 52729n308 2289 46359 SH SOLE 41648 0 4711 Linn Energy LLC UNIT LTD LIAB 536020100 169 16727 SH SOLE 16727 0 0 Live Nation Entertainment Inc COM 538034109 863 33054 SH SOLE 30396 0 2658 Magellan Midstream Partners LP COM UNIT RP LP 559080106 513 6209 SH SOLE 5580 0 629 McDonald's Corp COM 580135101 1697 18109 SH SOLE 17708 0 401 Merck & Co Inc New Com COM 58933Y105 709 12490 SH SOLE 12490 0 0 Microsoft Corp COM 594918104 78614 1692443 SH SOLE 1598079 0 94364 Mondelez International Inc CL A 609207105 15704 432326 SH SOLE 358818 0 73508 Monogram Residential Trust COM 60979p105 98 10621 SH SOLE 10621 0 0 National Oilwell Varco Inc COM 637071101 723 11039 SH SOLE 11039 0 0 NeoPhotonics Corp Com COM 64051t100 34 10000 SH SOLE 10000 0 0 NextEra Energy Inc COM 65339F101 277 2608 SH SOLE 2608 0 0 Nordstrom Inc COM 655664100 415 5229 SH SOLE 5229 0 0 Novartis AG SPONSORED ADR 66987V109 21451 231503 SH SOLE 193300 0 38203 Novatel Wireless Inc COM NEW 66987m604 32 10000 SH SOLE 10000 0 0 NRG Energy Inc COM NEW 629377508 565 20963 SH SOLE 19162 0 1801 Nucor Corp COM 670346105 702 14308 SH SOLE 14308 0 0 Nuveen Build America Bond Fund COM 67074c103 1709 80679 SH SOLE 68999 0 11680 Nuveen Build America Bond Oppo COM 67074q102 921 41938 SH SOLE 36287 0 5651 Nuveen CA Muni Advantage Fd COM 67066Y105 344 22858 SH SOLE 22858 0 0 Nuveen CA Muni Value Fund COM 67062C107 3522 334517 SH SOLE 294517 0 40000 Nuveen Credit Strategies Incom COM SHS 67073d102 4121 469866 SH SOLE 424599 0 45267 Nuveen Floating Rate Income Op COM SHS 6706EN100 132 11709 SH SOLE 11709 0 0 Nuveen Mun Value Fd Inc Com COM 670928100 163 16874 SH SOLE 2200 0 14674 Nuveen Municipal High Income O COM 670682103 165 12292 SH SOLE 8792 0 3500 Nuveen Preferred Income Opport COM 67073b106 2532 264805 SH SOLE 224931 0 39874 Nuveen Quality Preferred Incom COM 67072C105 823 92421 SH SOLE 71391 0 21030 Oaktree Capital Group LLC UNIT CL A 674001201 868 16750 SH SOLE 16250 0 500 Occidental Petroleum Corp COM 674599105 11610 144032 SH SOLE 119599 0 24433 Oi SA SPN ADR PFD NEW 670851401 208 65271 SH SOLE 60317 0 4954 Oi SA Adr F Sponsored Reps 1 SPN ADR NEW 670851302 149 44336 SH SOLE 40294 0 4042 Oracle Corp COM 68389X105 25790 573488 SH SOLE 479039 0 94449 PACCAR Inc COM 693718108 272 4000 SH SOLE 4000 0 0 PCM Fund Inc COM 69323T101 7623 715750 SH SOLE 669195 0 46555 Penn West Petroleum Ltd COM 707887105 96 46000 SH SOLE 46000 0 0 PepsiCo Inc COM 713448108 617 6529 SH SOLE 6529 0 0 Pfizer Inc COM 717081103 19675 631607 SH SOLE 471181 0 160426 PG&E Corp COM 69331c108 224 4210 SH SOLE 4210 0 0 Philip Morris International In COM 718172109 22694 278626 SH SOLE 239480 0 39146 Pimco CA Municipal Income Fund COM 72201c109 1041 97175 SH SOLE 96175 0 1000 PIMCO Dynamic Credit Income Fu COM SHS 72202d106 7798 377613 SH SOLE 352512 0 25101 PIMCO Income Fund SHS 72201y101 4414 143600 SH SOLE 132087 0 11513 Pimco Income Strategy Fund COM 72201H108 464 39454 SH SOLE 39454 0 0 Pimco Income Strategy Fund II COM 72201j104 4788 488037 SH SOLE 451939 0 36098 Pimco Municipal Income Fund II COM 72200w106 382 32185 SH SOLE 32185 0 0 Plains All American Pipeline U UNIT LTD PARTN 726503105 274 5334 SH SOLE 4435 0 899 Portugal Telecom SGPS SA SPONSORED ADR 737273102 32 30000 SH SOLE 30000 0 0 Powershares Fundamental HY Cor FDM HG YLD RAFI 73936t557 632 33610 SH SOLE 33210 0 400 Procter & Gamble Co COM 742718109 1151 12631 SH SOLE 10803 0 1828 Prologis Inc COM 74340w103 1272 29565 SH SOLE 28515 0 1050 Prospect Capital Corp COM 74348T102 248 30000 SH SOLE 30000 0 0 Public Storage COM 74460d109 564 3051 SH SOLE 2651 0 400 QUALCOMM Inc COM 747525103 20229 272156 SH SOLE 211983 0 60172 Realty Income Corp COM 756109104 2126 44561 SH SOLE 42658 0 1903 Republic Services Inc COM 760759100 12848 319210 SH SOLE 263454 0 55756 Retail Opportunity Investments COM 76131n101 3832 228218 SH SOLE 216950 0 11268 Rexford Industrial Realty Inc COM 76169c100 66845 4254903 SH SOLE 3388985 0 865918 Reynolds American Inc COM 761713106 691 10750 SH SOLE 9450 0 1300 RLI Corp COM 749607107 232 4700 SH SOLE 4700 0 0 Rockwell Automation Inc COM 773903109 493 4437 SH SOLE 4437 0 0 Rockwell Collins Inc COM 774341101 363 4300 SH SOLE 4300 0 0 Roundys Inc Company COM 779268101 97 20000 SH SOLE 20000 0 0 Royal Dutch Shell PLC - ADR A SPONS ADR A 780259206 366 5466 SH SOLE 5466 0 0 Rubicon Minerals Corp COM 780911103 14 14000 SH SOLE 14000 0 0 Safeway Inc COM NEW 786514208 360 10263 SH SOLE 0 0 10263 Sanofi SPONSORED ADR 80105n105 399 8749 SH SOLE 8749 0 0 Schlumberger Ltd COM 806857108 12710 148814 SH SOLE 125689 0 23125 Schwab Emerging Markets - ETF EMRG MKTEQ ETF 808524706 311 13007 SH SOLE 13007 0 0 Schwab Int'l Large Cap Equity INTL EQTY ETF 808524805 2265 78355 SH SOLE 77905 0 450 Schwab U.S. Large-Cap Value Fu US LCAP VA ETF 808524409 751 17029 SH SOLE 17029 0 0 Schwab US Aggregate Bond - ETF US AGGREGATE B 808524839 386 7369 SH SOLE 7369 0 0 Schwab US REIT - ETF US REIT RTF 808524847 1097 28171 SH SOLE 28171 0 0 Shire PLC SPONSORED ADR 82481r106 866 4076 SH SOLE 3750 0 326 Simon Property Group Inc COM 828806109 12838 70495 SH SOLE 59708 0 10788 Source Capital Inc COM 836144105 867 12147 SH SOLE 11200 0 947 SPDR BarCap ST High Yield Bond SHT TRM HGH YLD 78468r408 3320 114826 SH SOLE 102447 0 12379 SPDR Gold Trust GLD SHS 78463v107 599 5274 SH SOLE 5024 0 250 Spdr Index Shs Fds Euro Stoxx EURO STOXX 50 78463x202 458 12438 SH SOLE 12438 0 0 Spdr S&P 500 Etf Tr Tr Unit TR UNIT 78462F103 11442 55666 SH SOLE 46354 0 9311 SPDR S&P Dividend ETF S&P DIVID ETF 78464A763 208 2642 SH SOLE 2642 0 0 SPDR S&P MidCap 400 ETF Trust UTSER1 S&PDCRP 78467y107 445 1686 SH SOLE 1638 0 48 Spectra Energy Corp COM 847560109 209 5745 SH SOLE 5474 0 271 Staples Inc COM 855030102 538 29686 SH SOLE 27298 0 2388 Starbucks Corp COM 855244109 633 7709 SH SOLE 7191 0 518 Starwood Property Trust Inc COM 85571b105 3083 132655 SH SOLE 127475 0 5180 Stratasys Ltd SHS m85548101 249 3000 SH SOLE 3000 0 0 Sunoco Logistics Partners LP COM UNITS 86764l108 231 5533 SH SOLE 4872 0 661 Sysco Corp COM 871829107 15404 388113 SH SOLE 327546 0 60567 Tanzanian Royalty Exploration COM 87600u104 76 117371 SH SOLE 117371 0 0 TCW Strategic Income Fund Inc COM 872340104 924 171428 SH SOLE 142852 0 28576 Telefonica SA SPONSORED ADR 879382208 9017 634565 SH SOLE 547648 0 86917 Templeton Emerging Markets Inc COM 880192109 836 73728 SH SOLE 68210 0 5518 Templeton Global Income Fund COM 880198106 467 65019 SH SOLE 64432 0 587 Teva Pharmaceutical Industries ADR 881624209 2017 35079 SH SOLE 32319 0 2760 Ticc Capital Corp Com COM 87244T109 170 22626 SH SOLE 12500 0 10126 Time Warner Cable Inc COM 88732J207 201 1324 SH SOLE 1284 0 40 Time Warner Inc COM NEW 887317303 254 2970 SH SOLE 2887 0 83 TJX Cos Inc COM 872540109 17160 250222 SH SOLE 209263 0 40960 Total SA SPONSORED ADR 89151E109 666 13000 SH SOLE 13000 0 0 Travelers Cos Inc/The COM 89417e109 251 2371 SH SOLE 2371 0 0 UCP Inc CL A CL A 90265y106 996 94823 SH SOLE 86422 0 8401 Unilever NV N Y SHS NEW 904784709 2272 58200 SH SOLE 55000 0 3200 Union Pacific Corp COM 907818108 18626 156353 SH SOLE 130935 0 25418 United Parcel Service Inc CL B 911312106 28252 254134 SH SOLE 211893 0 42241 United Technologies Corp COM 913017109 618 5370 SH SOLE 5370 0 0 US Bancorp COM NEW 902973304 550 12241 SH SOLE 12241 0 0 Vanguard Emerging Markets ETF FTSE EMR MKT ETF 922042858 828 20683 SH SOLE 19573 0 1110 Vanguard Energy ETF ENERGY ETF 92204a306 243 2175 SH SOLE 689 0 1486 Vanguard Europe Pacific ETF FTSE DEV MKT ETF 921943858 2928 77296 SH SOLE 74340 0 2956 Vanguard REIT ETF REIT ETF 922908553 10382 128170 SH SOLE 90407 0 37763 Vanguard S&P 500 ETF S&P 500 ETF SHS 922908363 2325 12339 SH SOLE 12339 0 0 Ventas Inc COM 92276f100 955 13326 SH SOLE 13326 0 0 Verizon Communications Inc COM 92343v104 431 9212 SH SOLE 7956 0 1256 Walgreen Co COM 931427108 559 7341 SH SOLE 7341 0 0 Wal-Mart Stores Inc COM 931142103 303 3528 SH SOLE 3528 0 0 Walt Disney Co COM DISNEY 254687106 18534 196776 SH SOLE 160643 0 36133 WCI Communitites COM PAR $0.01 92923c807 885 45201 SH SOLE 41291 0 3910 Wells Fargo & Co COM 949746101 26797 488823 SH SOLE 411672 0 77151 Wells Fargo Multi-Sector Incom COM SHS 94987D101 362 26531 SH SOLE 25249 0 1282 Western Asset Emerging Markets COM 95766a101 1715 108824 SH SOLE 96269 0 12555 Western Asset Mtg Cap Com COM 95790D105 147 10000 SH SOLE 10000 0 0 Wet Seal Inc CL A 961840105 14 210000 SH SOLE 210000 0 0 World Wrestling Entertainment CL A 98156q108 555 44975 SH SOLE 40247 0 4728