The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M Co COM 88579y101 7,331 67,044 SH   SOLE   67,044 0 0
ABB Ltd -Spon ADR COM 000375204 3,038 140,239 SH   SOLE   140,239 0 0
AGL Resources Inc COM 001204106 2,060 48,053 SH   SOLE   48,053 0 0
ASML Holding NV-NY Reg Shs COM n07059186 210 2,655 SH   SOLE   2,655 0 0
AT&T Inc COM 00206r102 9,618 271,689 SH   SOLE   271,689 0 0
AbbVie Inc COM 00287y109 6,298 152,353 SH   SOLE   152,353 0 0
Abbott Laboratories COM 002824100 6,644 190,472 SH   SOLE   190,472 0 0
Accenture PLC-Cl A COM g1151c101 2,908 40,416 SH   SOLE   40,416 0 0
Adobe Systems Inc COM 00724f101 245 5,370 SH   SOLE   5,370 0 0
Aetna Inc COM 00817Y108 384 6,038 SH   SOLE   6,038 0 0
Agilent Technologies Inc COM 00846u101 712 16,653 SH   SOLE   16,653 0 0
Air Products & Chemicals Inc COM 009158106 1,828 19,964 SH   SOLE   19,964 0 0
Allstate Corp COM 020002101 265 5,512 SH   SOLE   5,512 0 0
Altria Group Inc COM 02209s103 6,221 177,785 SH   SOLE   177,785 0 0
Amarillo Gold Corp COM 041133317 198 950,000 SH   SOLE   950,000 0 0
American Electric Power COM 025537101 294 6,565 SH   SOLE   6,565 0 0
American Express Co COM 025816109 1,803 24,111 SH   SOLE   24,111 0 0
Amgen Inc COM 031162100 1,084 10,990 SH   SOLE   10,990 0 0
Apache Corp COM 037411105 354 4,228 SH   SOLE   4,228 0 0
Apple Inc COM 037833100 9,360 23,604 SH   SOLE   23,604 0 0
Archer-Daniels-Midland Co COM 039483102 404 11,909 SH   SOLE   11,909 0 0
Automatic Data Processing COM 053015103 3,336 48,443 SH   SOLE   48,443 0 0
BCE Inc COM 05534b760 1,362 33,205 SH   SOLE   33,205 0 0
BHP Billiton Ltd-Spon ADR COM 088606108 214 3,710 SH   SOLE   3,710 0 0
Bank Of Marin Bancorp/CA COM 063425102 817 20,419 SH   SOLE   20,419 0 0
Bank of America Corp COM 060505104 1,146 89,113 SH   SOLE   89,113 0 0
Bank of Montreal COM 063671101 842 14,515 SH   SOLE   14,515 0 0
Baxter International Inc. COM 071813109 214 3,085 SH   SOLE   3,085 0 0
Becton Dickinson & Co COM 075887109 368 3,721 SH   SOLE   3,721 0 0
Berkshire Hathaway Inc-Cl B COM 084670702 2,768 24,728 SH   SOLE   24,728 0 0
Biocryst Pharmaceuticals Inc COM 09058v103 56 36,261 SH   SOLE   36,261 0 0
Biogen Idec Inc COM 09062x103 1,003 4,662 SH   SOLE   4,662 0 0
Boeing Co COM 097023105 2,824 27,571 SH   SOLE   27,571 0 0
Bristol-Myers Squibb Co COM 110122108 10,498 234,917 SH   SOLE   234,917 0 0
Broadcom Corp-Cl A COM 111320107 1,322 39,125 SH   SOLE   39,125 0 0
C.H. Robinson Worldwide Inc COM 12541w209 244 4,325 SH   SOLE   4,325 0 0
CVS Caremark Corp COM 126650100 2,386 41,732 SH   SOLE   41,732 0 0
Caterpillar Inc COM 149123101 4,829 58,536 SH   SOLE   58,536 0 0
Celgene Corp COM 151020104 447 3,817 SH   SOLE   3,817 0 0
CenterPoint Energy Inc COM 15189t107 2,281 97,087 SH   SOLE   97,087 0 0
Cerner Corp COM 156782104 1,561 16,243 SH   SOLE   16,243 0 0
Cerus Corp COM 157085101 44 10,000 SH   SOLE   10,000 0 0
Chesapeake Energy Corp COM 165167107 251 12,300 SH   SOLE   12,300 0 0
Chevron Corp COM 166764100 19,659 166,127 SH   SOLE   166,127 0 0
Chubb Corp COM 171232101 2,174 25,688 SH   SOLE   25,688 0 0
Cisco Systems Inc COM 17275R102 2,941 120,873 SH   SOLE   120,873 0 0
Citigroup Inc COM 172967424 703 14,646 SH   SOLE   14,646 0 0
Clorox Company COM 189054109 4,554 54,777 SH   SOLE   54,777 0 0
Coca-Cola Co/The COM 191216100 4,667 116,355 SH   SOLE   116,355 0 0
Colgate-Palmolive Co COM 194162103 3,458 60,363 SH   SOLE   60,363 0 0
Comcast Corp-Cl A COM 20030n101 564 13,510 SH   SOLE   13,510 0 0
Conagra Foods Inc COM 205887102 964 27,592 SH   SOLE   27,592 0 0
ConocoPhillips COM 20825C104 11,220 185,458 SH   SOLE   185,458 0 0
Consolidated Edison Inc COM 209115104 1,175 20,143 SH   SOLE   20,143 0 0
Consumer Discretionary Select COM 81369y407 2,006 35,567 SH   SOLE   35,567 0 0
Consumer Staples SPDR COM 81369y308 2,201 55,487 SH   SOLE   55,487 0 0
Costco Wholesale Corp COM 22160K105 8,676 78,464 SH   SOLE   78,464 0 0
DIRECTV Group Inc/The COM 25490a309 221 3,584 SH   SOLE   3,584 0 0
Danaher Corp COM 235851102 2,728 43,101 SH   SOLE   43,101 0 0
Deere & Co COM 244199105 1,436 17,680 SH   SOLE   17,680 0 0
Diageo Plc-Sponsored ADR COM 25243q205 422 3,668 SH   SOLE   3,668 0 0
Dick's Sporting Goods Inc COM 253393102 871 17,400 SH   SOLE   17,400 0 0
Disney Co./Walt The COM 254687106 3,950 62,557 SH   SOLE   62,557 0 0
Dominion Resources Inc/Va COM 25746u109 559 9,835 SH   SOLE   9,835 0 0
Du Pont (E.I.) De Nemours COM 263534109 4,967 94,605 SH   SOLE   94,605 0 0
Duke Energy Corp COM 26441c204 2,097 31,061 SH   SOLE   31,061 0 0
EGShares Dow Jones Emerging Ma COM 268461779 3,901 151,144 SH   SOLE   151,144 0 0
EMC Metals Corp COM 268665106 1 23,400 SH   SOLE   23,400 0 0
EOG Resources Inc COM 26875p101 231 1,754 SH   SOLE   1,754 0 0
ETFS Physical Precious Metals COM 26922w109 413 6,185 SH   SOLE   6,185 0 0
Eaton Corp PLC COM g29183103 1,426 21,667 SH   SOLE   21,667 0 0
Ecolab Inc COM 278865100 3,672 43,100 SH   SOLE   43,100 0 0
Edison International COM 281020107 3,698 76,783 SH   SOLE   76,783 0 0
Eli Lilly & Co COM 532457108 1,042 21,214 SH   SOLE   21,214 0 0
Emerson Electric Co COM 291011104 1,829 33,539 SH   SOLE   33,539 0 0
Encounter Technologies Inc COM 29259j105 0 62,000 SH   SOLE   62,000 0 0
Energy Transfer Equity LP COM 29273v100 365 6,100 SH   SOLE   6,100 0 0
Energy Transfer Partners LP COM 29273r109 277 5,490 SH   SOLE   5,490 0 0
Enterprise Products Partners COM 293792107 1,666 26,801 SH   SOLE   26,801 0 0
Essex Property Trust Inc COM 297178105 304 1,915 SH   SOLE   1,915 0 0
Eurasian Minerals Inc COM 29843r100 53 44,086 SH   SOLE   44,086 0 0
Express Scripts Holding Co. COM 30219g108 896 14,506 SH   SOLE   14,506 0 0
Exxon Mobil Corp COM 30231G102 14,103 156,091 SH   SOLE   156,091 0 0
First Trust Dividend Leaders I COM 336917109 1,503 72,842 SH   SOLE   72,842 0 0
First Trust Mid Cap Value ETF COM 33737m201 353 14,144 SH   SOLE   14,144 0 0
Flagstar Bancorp Inc COM 337930705 140 10,000 SH   SOLE   10,000 0 0
Fluor Corp COM 343412102 490 8,270 SH   SOLE   8,270 0 0
Ford Motor Co COM 345370860 743 48,042 SH   SOLE   48,042 0 0
Franklin Resources Inc COM 354613101 264 1,938 SH   SOLE   1,938 0 0
Freeport-McMoRan Copper & Gold COM 35671d857 2,557 92,595 SH   SOLE   92,595 0 0
Frontier Communications Corp COM 35906a108 75 18,418 SH   SOLE   18,418 0 0
Gasco Energy Inc COM 367220100 0 12,245 SH   SOLE   12,245 0 0
General Dynamics Corp COM 369550108 1,210 15,450 SH   SOLE   15,450 0 0
General Electric Co COM 369604103 13,503 582,283 SH   SOLE   582,283 0 0
General Growth Properties COM 370021107 337 16,966 SH   SOLE   16,966 0 0
General Mills Inc COM 370334104 5,005 103,124 SH   SOLE   103,124 0 0
Genuine Parts Co COM 372460105 2,487 31,862 SH   SOLE   31,862 0 0
Gilead Sciences Inc COM 375558103 853 16,634 SH   SOLE   16,634 0 0
GlaxoSmithKline Plc-ADR COM 37733w105 3,308 66,206 SH   SOLE   66,206 0 0
Goldman Sachs Group Inc COM 38141G104 357 2,360 SH   SOLE   2,360 0 0
Google Inc-Cl A COM 38259P508 3,002 3,410 SH   SOLE   3,410 0 0
Guggenheim BRIC ETF COM 18383m100 379 12,335 SH   SOLE   12,335 0 0
HCP Inc COM 40414l109 6,364 140,052 SH   SOLE   140,052 0 0
Harman International COM 413086109 417 7,690 SH   SOLE   7,690 0 0
Health Care Select Sector COM 81369y209 2,190 45,995 SH   SOLE   45,995 0 0
Hess Corp COM 42809h107 612 9,200 SH   SOLE   9,200 0 0
Hewlett-Packard Co COM 428236103 527 21,247 SH   SOLE   21,247 0 0
Home Depot Inc COM 437076102 3,812 49,201 SH   SOLE   49,201 0 0
Honeywell International Inc COM 438516106 3,942 49,683 SH   SOLE   49,683 0 0
Infinito Gold Ltd COM 45671c106 0 33,130 SH   SOLE   33,130 0 0
Integral Technologies Inc COM 45810j103 10 17,000 SH   SOLE   17,000 0 0
Intel Corp COM 458140100 9,551 394,168 SH   SOLE   394,168 0 0
InterContinental Hotels-ADR COM 45857p400 914 33,276 SH   SOLE   33,276 0 0
Intl Business Machines Corp COM 459200101 9,454 49,469 SH   SOLE   49,469 0 0
Intl Flavors & Fragrances COM 459506101 494 6,575 SH   SOLE   6,575 0 0
JPMorgan Chase & Co COM 46625H100 6,018 114,007 SH   SOLE   114,007 0 0
Jacobs Engineering Group Inc COM 469814107 474 8,599 SH   SOLE   8,599 0 0
Johnson & Johnson COM 478160104 16,349 190,411 SH   SOLE   190,411 0 0
Johnson Controls Inc COM 478366107 359 10,026 SH   SOLE   10,026 0 0
Kimberly-Clark Corp COM 494368103 5,560 57,238 SH   SOLE   57,238 0 0
Kinder Morgan Energy Partners COM 494550106 3,737 43,760 SH   SOLE   43,760 0 0
Kinder Morgan Management LLC COM 49455u100 4,477 53,562 SH   SOLE   53,562 0 0
Kohl's Corp COM 500255104 505 10,000 SH   SOLE   10,000 0 0
Kraft Foods Group COM 50076q106 1,066 19,075 SH   SOLE   19,075 0 0
L-3 Communications Holdings COM 502424104 249 2,901 SH   SOLE   2,901 0 0
Laboratory Crp Of Amer Hldgs COM 50540r409 1,532 15,304 SH   SOLE   15,304 0 0
Li & Fung Ltd Ord New COM g5485f151 14 10,000 SH   SOLE   10,000 0 0
Life Technologies Corp COM 53217v109 700 9,461 SH   SOLE   9,461 0 0
Linn Co LLC COM 535782106 697 18,700 SH   SOLE   18,700 0 0
Linn Energy LLC-Units COM 536020100 1,670 50,340 SH   SOLE   50,340 0 0
Lowe's Cos Inc COM 548661107 2,886 70,552 SH   SOLE   70,552 0 0
Lululemon Athletica Inc COM 550021109 344 5,256 SH   SOLE   5,256 0 0
Macy's Inc COM 55616p104 911 18,975 SH   SOLE   18,975 0 0
Magellan Midstream Partners COM 559080106 436 7,996 SH   SOLE   7,996 0 0
Manulife Financial Corp COM 56501r106 367 22,935 SH   SOLE   22,935 0 0
Marathon Oil Corp COM 565849106 356 10,298 SH   SOLE   10,298 0 0
Marathon Petroleum Corp COM 56585a102 264 3,709 SH   SOLE   3,709 0 0
Market Vectors Agribusiness ET COM 57060u605 257 5,029 SH   SOLE   5,029 0 0
Mattel Inc COM 577081102 803 17,733 SH   SOLE   17,733 0 0
McCormick & Co-Non Vtg Shrs COM 579780206 1,422 20,215 SH   SOLE   20,215 0 0
McDonald's Corp COM 580135101 11,787 119,064 SH   SOLE   119,064 0 0
McGraw Hill Financial Inc COM 580645109 293 5,500 SH   SOLE   5,500 0 0
Medical Properties Trust Inc COM 68463J304 398 27,824 SH   SOLE   27,824 0 0
Medtronic Inc COM 585055106 3,030 58,870 SH   SOLE   58,870 0 0
Merck & Co. Inc. COM 58933y105 4,844 104,287 SH   SOLE   104,287 0 0
Microsoft Corp COM 594918104 5,775 167,187 SH   SOLE   167,187 0 0
Mondelez International COM 609207105 1,464 51,309 SH   SOLE   51,309 0 0
Mylan Laboratories COM 628530107 1,528 49,254 SH   SOLE   49,254 0 0
National Oilwell Varco Inc COM 637071101 254 3,689 SH   SOLE   3,689 0 0
Nestle Sa-Spons ADR For Reg COM 641069406 2,984 45,367 SH   SOLE   45,367 0 0
Newmont Mining Corp COM 651639106 411 13,712 SH   SOLE   13,712 0 0
NextEra Energy Inc COM 65339f101 6,872 84,341 SH   SOLE   84,341 0 0
Nike Inc -Cl B COM 654106103 3,659 57,454 SH   SOLE   57,454 0 0
Nordstrom Inc COM 655664100 255 4,253 SH   SOLE   4,253 0 0
Norfolk Southern Corp COM 655844108 263 3,621 SH   SOLE   3,621 0 0
Northeast Utilities COM 664397106 291 6,923 SH   SOLE   6,923 0 0
Novabay Pharmaceuticals Inc COM 66987p102 32 23,333 SH   SOLE   23,333 0 0
Novartis Ag-ADR COM 66987v109 3,226 45,619 SH   SOLE   45,619 0 0
OGE Energy Corp COM 670837103 264 3,875 SH   SOLE   3,875 0 0
Occidental Petroleum Corp COM 674599105 5,284 59,218 SH   SOLE   59,218 0 0
Oracle Corp COM 68389x105 2,284 74,381 SH   SOLE   74,381 0 0
P G & E Corp COM 69331c108 461 10,092 SH   SOLE   10,092 0 0
Paccar Inc COM 693718108 918 17,116 SH   SOLE   17,116 0 0
PepsiCo Inc COM 713448108 6,894 84,289 SH   SOLE   84,289 0 0
Pfizer Inc COM 717081103 7,174 256,138 SH   SOLE   256,138 0 0
Pharmaceutical HOLDRs Trust COM 71712a206 442 9,725 SH   SOLE   9,725 0 0
Philip Morris International COM 718172109 2,407 27,784 SH   SOLE   27,784 0 0
Phillips 66 COM 718546104 201 3,416 SH   SOLE   3,416 0 0
Piedmont Mining Co Inc COM 720172105 0 10,000 SH   SOLE   10,000 0 0
Plains All American Pipeline L COM 726503105 229 4,100 SH   SOLE   4,100 0 0
Plum Creek Timber Co COM 729251108 254 5,453 SH   SOLE   5,453 0 0
PowerShares Preferred Portfoli COM 73936t565 1,685 118,087 SH   SOLE   118,087 0 0
Powershares QQQ NASDAQ 100 Tru COM 73935a104 965 13,535 SH   SOLE   13,535 0 0
Praxair Inc COM 74005p104 1,619 14,057 SH   SOLE   14,057 0 0
ProLogis Inc COM 74340w103 275 7,289 SH   SOLE   7,289 0 0
ProShares Short 20+ Treasury COM 74347x849 248 7,905 SH   SOLE   7,905 0 0
Procter & Gamble Co COM 742718109 14,393 186,951 SH   SOLE   186,951 0 0
Prudential Financial Inc COM 744320102 2,094 28,678 SH   SOLE   28,678 0 0
Public Service Enterprise Grou COM 744573106 1,440 44,092 SH   SOLE   44,092 0 0
Qualcomm Inc COM 747525103 953 15,603 SH   SOLE   15,603 0 0
Quality Systems Inc COM 747582104 187 10,000 SH   SOLE   10,000 0 0
Quest Diagnostics COM 74834l100 366 6,035 SH   SOLE   6,035 0 0
Realty Income Corp COM 756109104 2,865 68,340 SH   SOLE   68,340 0 0
Retail Properties of America COM 76131v202 595 41,650 SH   SOLE   41,650 0 0
Robert Half Intl Inc COM 770323103 319 9,600 SH   SOLE   9,600 0 0
Roche Holdings LTD-Spons ADR COM 010397936 1,151 18,610 SH   SOLE   18,610 0 0
Rockwood Holdings Inc COM 774415103 673 10,518 SH   SOLE   10,518 0 0
Ross Stores Inc COM 778296103 207 3,197 SH   SOLE   3,197 0 0
Royal Dutch Shell Plc-ADR A COM 780259206 371 5,820 SH   SOLE   5,820 0 0
Rydex Russell Top 50 ETF COM 78355w205 650 5,715 SH   SOLE   5,715 0 0
Rydex S&P Equal Weight ETF COM 78355w106 217 3,545 SH   SOLE   3,545 0 0
SPDR Dow Jones Industrial Aver COM 78467x109 1,071 7,209 SH   SOLE   7,209 0 0
SPDR Energy Select Sector COM 81369y506 2,139 27,324 SH   SOLE   27,324 0 0
SPDR Financial Select Sector COM 81369y605 1,061 54,577 SH   SOLE   54,577 0 0
SPDR Gold Trust COM 78463v107 855 7,182 SH   SOLE   7,182 0 0
SPDR Industrial Select Sector COM 81369y704 1,883 44,151 SH   SOLE   44,151 0 0
SPDR Materials Select Sector COM 81369y100 496 12,940 SH   SOLE   12,940 0 0
SPDR S&P Dividend ETF COM 78464a763 6,426 96,924 SH   SOLE   96,924 0 0
SPDR S&P MidCap 400 ETF Trust COM 78467y107 3,600 17,134 SH   SOLE   17,134 0 0
SPDR S&P500 Index Trust Series COM 78462f103 4,743 29,567 SH   SOLE   29,567 0 0
SPDR Technology Select Sector COM 81369y803 2,732 89,313 SH   SOLE   89,313 0 0
Sanofi-ADR COM 80105n105 5,143 99,835 SH   SOLE   99,835 0 0
Scana Corp COM 80589m102 544 11,089 SH   SOLE   11,089 0 0
Schlumberger Ltd COM 806857108 1,289 17,993 SH   SOLE   17,993 0 0
Schwab (Charles) Corp COM 808513105 282 13,270 SH   SOLE   13,270 0 0
Schwab U.S. Broad Market ETF COM 808524102 1,031 26,505 SH   SOLE   26,505 0 0
Sempra Energy COM 816851109 2,260 27,645 SH   SOLE   27,645 0 0
Siemens Ag-Spons ADR COM 826197501 221 2,180 SH   SOLE   2,180 0 0
Sierra Vista Bank COM 82651b105 51 20,000 SH   SOLE   20,000 0 0
Silvercorp Metals Inc COM 82835p103 28 10,000 SH   SOLE   10,000 0 0
Sirius XM Radio Inc COM 82967n108 411 122,784 SH   SOLE   122,784 0 0
Southern Co COM 842587107 2,432 55,112 SH   SOLE   55,112 0 0
Southwestern Energy Co COM 845467109 1,095 29,975 SH   SOLE   29,975 0 0
Spectra Energy Corp COM 847560109 3,985 115,628 SH   SOLE   115,628 0 0
Spectral Diagnostics Inc COM 847574100 7 25,000 SH   SOLE   25,000 0 0
St Jude Medical Inc COM 790849103 728 15,948 SH   SOLE   15,948 0 0
Stanley Black & Decker Inc COM 854502101 2,048 26,500 SH   SOLE   26,500 0 0
Starbucks Corp COM 855244109 1,198 18,292 SH   SOLE   18,292 0 0
State Street Corp COM 857477103 267 4,088 SH   SOLE   4,088 0 0
Stryker Corp COM 863667101 305 4,710 SH   SOLE   4,710 0 0
Summit Hotel Properties Inc COM 866082100 147 15,576 SH   SOLE   15,576 0 0
SunPower Corp COM 867652406 631 30,489 SH   SOLE   30,489 0 0
Suncor Energy Inc COM 867224107 401 13,605 SH   SOLE   13,605 0 0
TD Ameritrade Holding Corp COM 87236y108 718 29,555 SH   SOLE   29,555 0 0
TJX Companies Inc COM 872540109 239 4,781 SH   SOLE   4,781 0 0
Target Corp COM 87612e106 5,200 75,511 SH   SOLE   75,511 0 0
Teva Pharmaceutical-Sp ADR COM 881624209 550 14,038 SH   SOLE   14,038 0 0
Toronto-Dominion Bank COM 891160509 2,618 32,574 SH   SOLE   32,574 0 0
Total SA-Spon ADR COM 89151e109 227 4,653 SH   SOLE   4,653 0 0
Toyota Motor Corp -Spon ADR COM 892331307 1,858 15,400 SH   SOLE   15,400 0 0
Transocean Ltd COM H8817H100 219 4,571 SH   SOLE   4,571 0 0
Travelers Cos Inc/The COM 89417e109 2,564 32,088 SH   SOLE   32,088 0 0
Twenty-First Century Fox-B (fo COM 90130a200 2,097 63,906 SH   SOLE   63,906 0 0
UDR Inc COM 902653104 208 8,173 SH   SOLE   8,173 0 0
US Bancorp COM 902973304 283 7,826 SH   SOLE   7,826 0 0
Unilever N V -NY Shares COM 904784709 3,229 82,138 SH   SOLE   82,138 0 0
Unilever Plc-Sponsored ADR COM 904767704 1,793 44,327 SH   SOLE   44,327 0 0
Union Pacific Corp COM 907818108 535 3,465 SH   SOLE   3,465 0 0
United Parcel Service-Cl B COM 911312106 2,639 30,514 SH   SOLE   30,514 0 0
United Technologies Corp COM 913017109 2,274 24,469 SH   SOLE   24,469 0 0
UnitedHealth Group Inc COM 91324P102 543 8,293 SH   SOLE   8,293 0 0
Utilities Select Sector SPDR COM 81369y886 435 11,551 SH   SOLE   11,551 0 0
Vanguard Dividend Appreciation COM 921908844 261 3,949 SH   SOLE   3,949 0 0
Vanguard High Dividend Yield E COM 921946406 304 5,395 SH   SOLE   5,395 0 0
Vanguard Large-Cap Vipers COM 922908637 272 3,699 SH   SOLE   3,699 0 0
Vanguard MSCI EAFE Index ETF COM 921943858 2,026 56,918 SH   SOLE   56,918 0 0
Vanguard MSCI Emerging Market COM 922042858 1,955 50,399 SH   SOLE   50,399 0 0
Vanguard Mid-Cap Vipers COM 922908629 3,425 36,000 SH   SOLE   36,000 0 0
Vanguard Small-Cap Vipers COM 922908751 4,554 48,600 SH   SOLE   48,600 0 0
Vanguard Total Stock Mk Vipers COM 922908769 9,071 109,726 SH   SOLE   109,726 0 0
Varian Medical Systems Inc COM 92220P105 692 10,259 SH   SOLE   10,259 0 0
Verizon Communications Inc COM 92343v104 20,961 416,382 SH   SOLE   416,382 0 0
Visa Inc-Class A Shares COM 92826c839 459 2,512 SH   SOLE   2,512 0 0
Vodaphone Group Plc-Sp ADR COM 92857w209 3,020 105,057 SH   SOLE   105,057 0 0
Vornado Realty Trust COM 929042109 2,955 35,672 SH   SOLE   35,672 0 0
Voyant International Corp COM 92909w108 0 53,652 SH   SOLE   53,652 0 0
Wal-Mart Stores Inc COM 931142103 866 11,630 SH   SOLE   11,630 0 0
Walgreen Co COM 931422109 2,445 55,317 SH   SOLE   55,317 0 0
Waste Management Inc COM 94106l109 4,207 104,316 SH   SOLE   104,316 0 0
WellPoint Inc COM 94973V107 864 10,560 SH   SOLE   10,560 0 0
Wells Fargo & Company COM 949746101 20,183 489,056 SH   SOLE   489,056 0 0
Weyerhaeuser Co COM 962166104 1,045 36,690 SH   SOLE   36,690 0 0
Whirlpool Corp COM 963320106 1,702 14,886 SH   SOLE   14,886 0 0
White Mountains Insurance Grou COM G9618E107 693 1,205 SH   SOLE   1,205 0 0
Whole Foods Market Inc COM 966837106 4,261 82,772 SH   SOLE   82,772 0 0
Williams Cos Inc COM 969457100 3,272 100,781 SH   SOLE   100,781 0 0
Wisconsin Energy Corp COM 976657106 899 21,925 SH   SOLE   21,925 0 0
Xylem Inc COM 98419m100 483 17,931 SH   SOLE   17,931 0 0
Yahoo! Inc COM 984332106 810 32,250 SH   SOLE   32,250 0 0
Yingli Green Energy Holding Co COM 98584b103 49 15,000 SH   SOLE   15,000 0 0
Yum! Brands Inc COM 988498101 348 5,013 SH   SOLE   5,013 0 0
Zimmer Holdings Inc COM 98956p102 352 4,691 SH   SOLE   4,691 0 0
Zogenix Inc COM 98978l105 17 10,000 SH   SOLE   10,000 0 0
iShares DJ Select Dividend Ind COM 464287168 5,170 80,764 SH   SOLE   80,764 0 0
iShares DJ US Energy Sector COM 464287796 270 6,054 SH   SOLE   6,054 0 0
iShares DJ US Financial Sect COM 464287788 889 12,433 SH   SOLE   12,433 0 0
iShares DJ US Telecommunicatio COM 464287713 278 10,758 SH   SOLE   10,758 0 0
iShares MSCI Brazil Index COM 464286400 294 6,712 SH   SOLE   6,712 0 0
iShares MSCI EAFE Index Fund COM 464287465 1,134 19,782 SH   SOLE   19,782 0 0
iShares MSCI Emerging Markets COM 464287234 450 11,676 SH   SOLE   11,676 0 0
iShares Russell 2000 Index Fun COM 464287655 265 2,733 SH   SOLE   2,733 0 0
iShares S&P 100 Index Fund COM 464287101 788 10,954 SH   SOLE   10,954 0 0
iShares S&P 500 Index Fund COM 464287200 446 2,772 SH   SOLE   2,772 0 0
iShares S&P Europe 350 COM 464287861 251 6,475 SH   SOLE   6,475 0 0
iShares S&P Global 100 COM 464287572 651 9,641 SH   SOLE   9,641 0 0
iShares S&P Latin American 40 COM 464287390 208 5,670 SH   SOLE   5,670 0 0
iShares S&P Midcap 400 Index F COM 464287507 989 8,563 SH   SOLE   8,563 0 0
iShares S&P Midcap 400/Value COM 464287705 442 4,360 SH   SOLE   4,360 0 0
iShares S&P US Preferred Stock COM 464288687 9,101 231,700 SH   SOLE   231,700 0 0
iShares Trust S&P SmallCap 600 COM 464287804 471 5,220 SH   SOLE   5,220 0 0
AEGON 6.875% Perp Call 9/15/11 PFD n00927306 297 11,918 SH   SOLE   11,918 0 0
AEGON 8.00% 2042 Notes Call 08 PFD 007924608 500 17,978 SH   SOLE   17,978 0 0
AEGON NV 6.50% Perp Cl 12/10 B PFD 007924400 323 13,081 SH   SOLE   13,081 0 0
AEGON NV 7.25%Perp Call 03/201 PFD n00927348 564 22,458 SH   SOLE   22,458 0 0
AON Cap 8.205% 1/27 Non-Call B PFD 22532r101 1,114 37,459 SH   SOLE   37,459 0 0
Allied Capital ARCC6.875% 4/20 PFD 01903q207 513 20,517 SH   SOLE   20,517 0 0
American Capital Agency 8.0% P PFD 02503x204 1,039 41,046 SH   SOLE   41,046 0 0
Annaly Capital 7.625% Perp Cl PFD 035710706 315 12,713 SH   SOLE   12,713 0 0
Arch Capital 6.75% BBB QDI Cl PFD g0450a204 658 25,530 SH   SOLE   25,530 0 0
Ares Capital 7.75% 2040 Call 1 PFD 04010l202 1,145 44,036 SH   SOLE   44,036 0 0
Argo Group 6.5% Sr Notes Call PFD 040130205 470 19,140 SH   SOLE   19,140 0 0
Ashford Hospitality 9.0% NR Ca PFD 044103505 1,174 43,792 SH   SOLE   43,792 0 0
Aspen Insurance 5.95% Cl 7/23 PFD G05384154 357 14,000 SH   SOLE   14,000 0 0
Aspen Insurance 7.25% Call07/2 PFD g05384147 2,241 85,362 SH   SOLE   85,362 0 0
Aspen Insurance 7.401% Call 07 PFD g05384139 448 16,716 SH   SOLE   16,716 0 0
Aviva 8.25% 12/2041 Call 12/20 PFD 05382a203 7,076 259,282 SH   SOLE   259,282 0 0
Axis Capital 6.875% Cl 4/17 QD PFD g0692u307 370 14,150 SH   SOLE   14,150 0 0
BAC Flt LIB+35 BB+ NCU QDI Cl PFD 060505815 359 15,595 SH   SOLE   15,595 0 0
BB&T Capital 5.625% Call 8/201 PFD 054937404 2,647 109,816 SH   SOLE   109,816 0 0
BGC Partners 8.125% 2042 Call PFD 05541t408 891 33,459 SH   SOLE   33,459 0 0
Banco Santander 6.80% QDI Clbl PFD 80281r706 799 31,687 SH   SOLE   31,687 0 0
Banco Santander10.5% Perp Cl9/ PFD e8683r144 1,084 40,113 SH   SOLE   40,113 0 0
Bank of America 6.625%Prp Cl 1 PFD 060505740 510 19,504 SH   SOLE   19,504 0 0
Bank of America 7.25% BB+ Call PFD 060505724 315 12,394 SH   SOLE   12,394 0 0
Barclay's 6.625% Perpetual 9/1 PFD 06739f390 612 24,775 SH   SOLE   24,775 0 0
Barclays 7.75% Prp Cl 9/13 BBB PFD 06739h511 1,652 65,408 SH   SOLE   65,408 0 0
Barclays 8.125% Perp/Cl 9/13 B PFD 06739h362 3,741 147,695 SH   SOLE   147,695 0 0
Barclays Bank 7.1% Prp Call 12 PFD 06739h776 1,264 50,541 SH   SOLE   50,541 0 0
CBL & Associates 6.5% Perp CUM PFD 124830803 248 9,982 SH   SOLE   9,982 0 0
Campus Crest Comm 8.00% Perp C PFD 13466y204 1,267 48,073 SH   SOLE   48,073 0 0
CenturyLink Quest 6.125%Nts Cl PFD 74913g600 598 24,800 SH   SOLE   24,800 0 0
CenturyLink Quest 7.0%SnNts Cl PFD 74913g501 3,003 115,810 SH   SOLE   115,810 0 0
CenturyLink Quest7.375% 6/51 C PFD 74913g204 1,191 45,030 SH   SOLE   45,030 0 0
CenturyLink SnNote7.5% 2051 Cl PFD 74913g303 3,516 131,820 SH   SOLE   131,820 0 0
CenturyLink SnNotes 7.0% 2050 PFD 74913G402 1,703 65,890 SH   SOLE   65,890 0 0
CenturyLink/Quest (CTL) 7.75% PFD 740434873 654 25,556 SH   SOLE   25,556 0 0
Charles Schwab 6.0% Cl 9/17 BB PFD 808513204 324 12,750 SH   SOLE   12,750 0 0
Chesapeake Lodging 7.75% PerpC PFD 165240201 1,459 56,878 SH   SOLE   56,878 0 0
Citigroup 5.8% B1 Call 4/18 QD PFD 172967366 334 14,000 SH   SOLE   14,000 0 0
Citizens Comm 8.375% 10/46 Cal PFD 740434881 202 7,970 SH   SOLE   7,970 0 0
Commonwealth REIT 7.25% Prp/Cl PFD 203233606 679 27,039 SH   SOLE   27,039 0 0
Corporate Office Prop 7.375% C PFD 22002t884 2,187 85,274 SH   SOLE   85,274 0 0
DTE Energy 6.5% Jr Sub Call 12 PFD 233331602 729 28,010 SH   SOLE   28,010 0 0
Deutsche Bank 7.35% Call 12/12 PFD 25154d102 541 21,368 SH   SOLE   21,368 0 0
Deutsche Bank 8.05% Prp Cl6/18 PFD 25150l108 2,936 106,657 SH   SOLE   106,657 0 0
Deutsche Bk Tst 6.55%Perp Cl 5 PFD 25153x208 677 26,842 SH   SOLE   26,842 0 0
Deutsche Bnk 6.625% Prp Cl 8/1 PFD 25153y206 333 13,320 SH   SOLE   13,320 0 0
Deutsche Bnk 7.6% Prp Cl 2/18 PFD 25154a108 1,590 59,556 SH   SOLE   59,556 0 0
Digital Realty 6.625% Perp CUM PFD 253868806 1,117 44,754 SH   SOLE   44,754 0 0
Digital Realty 7.0% Perp Call PFD 253868707 4,525 176,769 SH   SOLE   176,769 0 0
Discover Financial 6.50%Perp Q PFD 254709207 1,855 73,905 SH   SOLE   73,905 0 0
Endurance Specialty 7.5% Cl 6/ PFD g30397304 1,467 54,631 SH   SOLE   54,631 0 0
Endurance Specialty 7.75% Cl12 PFD 29267h208 658 24,360 SH   SOLE   24,360 0 0
Excel Trust 8.125% CUM Call 1/ PFD 30068c307 758 29,551 SH   SOLE   29,551 0 0
First Republic Bank 6.2% Cl 6/ PFD 33616c407 3,656 147,110 SH   SOLE   147,110 0 0
First Republic Bank 6.70% Cl20 PFD 33616c209 1,695 64,927 SH   SOLE   64,927 0 0
General Growth Prop 6.375% Cl PFD 370023202 417 18,000 SH   SOLE   18,000 0 0
GoldmanSachs 6.2% Prp Cl 10/10 PFD 023574578 201 8,062 SH   SOLE   8,062 0 0
GoldmanSachs Lib+75 Min3.75% C PFD 38143y665 1,240 57,135 SH   SOLE   57,135 0 0
HSBC 6.36% Perp Callable NCU Q PFD 40429c607 908 36,572 SH   SOLE   36,572 0 0
HSBC Float 4.5%FL Cl 4/22 CUM PFD 40428h706 424 16,900 SH   SOLE   16,900 0 0
HSBC Hldgs 8.0% Prp Cl 12/15 B PFD 404280802 4,013 148,083 SH   SOLE   148,083 0 0
HSBC Hldgs 8.125% Prp Cl 4/13 PFD 404280703 819 32,300 SH   SOLE   32,300 0 0
HSBC USA 6.50% Perp/Call 7/11 PFD 40428h862 360 14,362 SH   SOLE   14,362 0 0
HSBC USA Float 3mo US Libor+75 PFD 40428h888 280 11,674 SH   SOLE   11,674 0 0
Hanover Insurance 6.35% Cl 3/1 PFD 410867204 496 20,423 SH   SOLE   20,423 0 0
Hartford Finl 7.875% 2042 call PFD 416518504 1,546 52,290 SH   SOLE   52,290 0 0
Hudson Pacific 8.375% Perp N/R PFD 444097208 692 26,167 SH   SOLE   26,167 0 0
ING Groep NV 7 3/8% Cl 10/12 B PFD 456837707 1,388 55,553 SH   SOLE   55,553 0 0
ING Groep NV 8.5% perp call 9/ PFD 456837806 1,218 48,109 SH   SOLE   48,109 0 0
ING Grp NV 7.20%Pfd Perp/Cl l2 PFD 456837301 214 8,543 SH   SOLE   8,543 0 0
Investors REIT 7.95% Perp CUM PFD 461730301 526 20,047 SH   SOLE   20,047 0 0
JPMo Chase 8.625% BBB QDI CALL PFD 46625h621 1,938 76,315 SH   SOLE   76,315 0 0
JPMorgan Chase 5.50% Perp Call PFD 48126e750 1,213 50,500 SH   SOLE   50,500 0 0
JPMorgan Trst 6.70% Callable 4 PFD 48125e207 464 18,300 SH   SOLE   18,300 0 0
KKR Financial 7.50% SrNotes Ca PFD 48248a504 3,767 141,662 SH   SOLE   141,662 0 0
KKR Financial 8.375%SrNts Call PFD 48248a405 819 29,524 SH   SOLE   29,524 0 0
KKR Financial7.375% Perp Call PFD 48248a603 4,372 168,815 SH   SOLE   168,815 0 0
Kimco Realty 6.90% Perp Call8/ PFD 49446r828 529 20,732 SH   SOLE   20,732 0 0
LaSalle Hotel 6.375% Call 3/20 PFD 517942801 620 26,840 SH   SOLE   26,840 0 0
LaSalle Hotel 7.50% Perp CUM C PFD 517942702 1,594 61,315 SH   SOLE   61,315 0 0
Limited 6.70% 3/2033 call 3/20 PFD 73941x551 524 20,920 SH   SOLE   20,920 0 0
M&T Bank 5% to 6.375% Cl 11/18 PFD 55261f708 629 649 SH   SOLE   649 0 0
MFA Financial 7.5% Prp Cl 4/15 PFD 55272x409 250 10,300 SH   SOLE   10,300 0 0
Maiden Hldgs 8.00% Nts 2042 ca PFD 56029q309 1,619 59,756 SH   SOLE   59,756 0 0
Maiden Hldgs 8.25% Nts 2041 ca PFD 56029q200 875 33,215 SH   SOLE   33,215 0 0
Maiden Holdings 8.25%Prp Cl8/2 PFD g5753u120 2,077 78,983 SH   SOLE   78,983 0 0
Merrill Lynch 7.28% Perp Cl 9/ PFD 59021k205 311 12,350 SH   SOLE   12,350 0 0
MetLife 3MoLibor+100 Min 4.0% PFD 59156r504 257 10,565 SH   SOLE   10,565 0 0
MetLife 6.5% Perp Cl 9/10 BBB- PFD 59156r603 336 13,272 SH   SOLE   13,272 0 0
Morgan Stanley 3MoLib+70bp 4%F PFD 61747s504 707 32,971 SH   SOLE   32,971 0 0
Morgan Stanley 6.60% 2/46 Cl 0 PFD 617461207 394 15,592 SH   SOLE   15,592 0 0
News Corp 7.00% 12/1/2095 call PFD 863117206 253 10,057 SH   SOLE   10,057 0 0
NuStar Logistics 7.625%Nts Cl PFD 67059t204 945 36,350 SH   SOLE   36,350 0 0
PS Business Parks 6.0% Cl 5/20 PFD 69360j685 427 17,418 SH   SOLE   17,418 0 0
Partner Re 7.25% Call 06/16 BB PFD g68603508 5,214 192,409 SH   SOLE   192,409 0 0
Pebblebrook Hotel 8.00%Perp Cu PFD 70509v308 1,857 71,231 SH   SOLE   71,231 0 0
Pebblebrook Hotel7.875%Perp Cu PFD 70509v209 727 28,150 SH   SOLE   28,150 0 0
Penn RealEstate 7.375%CUM Perp PFD 709102503 703 27,371 SH   SOLE   27,371 0 0
Pitney Bowes 6.7% Cl 3/7/18 PFD 724479506 442 17,500 SH   SOLE   17,500 0 0
PrivateBancorp PVTB 7.125% Cal PFD 742962400 396 15,245 SH   SOLE   15,245 0 0
Prospect Captl 6.95% Sr Nts 20 PFD 74348t201 2,051 80,585 SH   SOLE   80,585 0 0
Protective Life 6.0% Call 8/17 PFD 743674707 495 19,900 SH   SOLE   19,900 0 0
Protective Life 6.25% Callable PFD 743674608 366 14,600 SH   SOLE   14,600 0 0
Prudential PLC 6.75% PrpCl 9/0 PFD g7293h114 600 23,852 SH   SOLE   23,852 0 0
Public Storage 5.90% Perp CUM PFD 74460w206 2,144 85,767 SH   SOLE   85,767 0 0
Public Storage 6.35% Call 7/16 PFD 74460d125 1,131 44,255 SH   SOLE   44,255 0 0
Public Storage 6.5% Perp Call PFD 74460d158 505 19,753 SH   SOLE   19,753 0 0
Public Storage 6.50% Call 4/20 PFD 74460d141 1,912 74,365 SH   SOLE   74,365 0 0
Public Storage 6.875% Prp Cl7/ PFD 74460d182 841 32,123 SH   SOLE   32,123 0 0
Raymond James Financial 6.90% PFD 754730208 699 26,420 SH   SOLE   26,420 0 0
Realty Income 6.625% Call 2/17 PFD 756109807 597 23,204 SH   SOLE   23,204 0 0
Regency Centers 6.00% Perp CUM PFD 758849806 1,070 44,001 SH   SOLE   44,001 0 0
Regions Financial 6.375% Cl 12 PFD 7591ep308 473 19,300 SH   SOLE   19,300 0 0
Reinsurance Group of Amer 6.2% PFD 759351703 455 17,500 SH   SOLE   17,500 0 0
Retail Properties of Amer 7.0% PFD 76131v608 494 19,834 SH   SOLE   19,834 0 0
SL Green Realty 6.5% Perp CUM PFD 78440x507 4,001 162,262 SH   SOLE   162,262 0 0
Scana Corp 7.70% 2065 Cl1/2015 PFD 80589m201 2,722 101,332 SH   SOLE   101,332 0 0
Solar Capital 6.75% Cl 11/17 PFD 83413u308 432 17,800 SH   SOLE   17,800 0 0
Southern Cal Ed 5.625% Cl6/17 PFD 78406t201 503 21,300 SH   SOLE   21,300 0 0
Southern Cal Ed 6.5% $100 Cl3/ PFD 842400723 817 7,765 SH   SOLE   7,765 0 0
Stanley Black & Decker 5.75% C PFD 854502705 663 27,100 SH   SOLE   27,100 0 0
Strategic Hotels&Resorts 8.25% PFD 86272t502 250 10,429 SH   SOLE   10,429 0 0
Summit Hotel 7.875% Perp CUM C PFD 866082308 985 38,012 SH   SOLE   38,012 0 0
Taubman Centers 6.5% CUM NR Cl PFD 876664608 451 18,178 SH   SOLE   18,178 0 0
Telephone & Data 6.875% Cl 11/ PFD 879433845 4,311 168,517 SH   SOLE   168,517 0 0
Telephone & Data 7.0% Cl 3/16 PFD 879433837 1,046 40,500 SH   SOLE   40,500 0 0
Texas Capitl Bancshares6.50% 2 PFD 882228aa7 433 17,740 SH   SOLE   17,740 0 0
US Bancorp 6.5% FxdToFlt Cl 2/ PFD 902973833 1,415 50,339 SH   SOLE   50,339 0 0
US Cellular 6.95% 2060 Cl 05/2 PFD 911684405 407 16,085 SH   SOLE   16,085 0 0
Vornado Realty 5.7% Prp Cl 7/1 PFD 929042851 434 18,425 SH   SOLE   18,425 0 0
Vornado Realty 6.875% Prp/Cl 4 PFD 929042869 3,387 131,284 SH   SOLE   131,284 0 0
Wells Fargo 8.00% Prp Cl12/17 PFD 949746879 11,069 382,495 SH   SOLE   382,495 0 0
Zions Cap Trust 9.5% Cl 9/13 N PFD 989701503 1,362 53,613 SH   SOLE   53,613 0 0
Charles Schwab 7% Perp/Call 2/ PFD 808513AE5 2,472 2,207,000 PRN   SOLE   2,207,000 0 0
Citigroup Inc 5.95% Perp Call PFD 172967GD7 318 320,000 PRN   SOLE   320,000 0 0
GE Cap Corp 6.25% Perp/Call 12 PFD 369622SP1 361 350,000 PRN   SOLE   350,000 0 0
GE Cap Corp 7.125% Perp/Call 6 PFD 369622SN6 1,665 1,480,000 PRN   SOLE   1,480,000 0 0
JPMorgan 7.9% Perp/Call 4/18 - PFD 46625HHA1 2,729 2,415,000 PRN   SOLE   2,415,000 0 0
So. Cal Edison 6.25% Perp/Call PFD 842400FU2 1,104 1,040,000 PRN   SOLE   1,040,000 0 0
Wachovia (WFC) Perp/Call 2/11 PFD 92978AAA0 8,087 8,273,000 PRN   SOLE   8,273,000 0 0
Wells Fargo & Company Perp/Cal PFD 949746PM7 610 540,000 PRN   SOLE   540,000 0 0