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 7,544 63,176 SH   SOLE   63,176 0 0
ABB Ltd -Spon ADR COM 000375204 3,486 147,762 SH   SOLE   147,762 0 0
AGL Resources Inc COM 001204106 2,459 53,411 SH   SOLE   53,411 0 0
AT&T Inc COM 00206r102 9,013 266,511 SH   SOLE   266,511 0 0
AbbVie Inc COM 00287y109 5,332 119,204 SH   SOLE   119,204 0 0
Abbott Laboratories COM 002824100 6,507 196,063 SH   SOLE   196,063 0 0
Accenture PLC-Cl A COM g1151c101 3,099 42,087 SH   SOLE   42,087 0 0
Adobe Systems Inc COM 00724f101 279 5,370 SH   SOLE   5,370 0 0
Aetna Inc COM 00817Y108 385 6,016 SH   SOLE   6,016 0 0
Agilent Technologies Inc COM 00846u101 832 16,225 SH   SOLE   16,225 0 0
Air Products & Chemicals Inc COM 009158106 2,181 20,464 SH   SOLE   20,464 0 0
Alexion Pharmaceuticals Inc COM 015351109 269 2,313 SH   SOLE   2,313 0 0
Allstate Corp COM 020002101 279 5,512 SH   SOLE   5,512 0 0
Altria Group Inc COM 02209s103 5,604 163,132 SH   SOLE   163,132 0 0
Amarillo Gold Corp COM 041133317 218 1,250,000 SH   SOLE   1,250,000 0 0
American Electric Power COM 025537101 302 6,969 SH   SOLE   6,969 0 0
American Express Co COM 025816109 2,433 32,221 SH   SOLE   32,221 0 0
Amgen Inc COM 031162100 1,230 10,990 SH   SOLE   10,990 0 0
Apache Corp COM 037411105 367 4,308 SH   SOLE   4,308 0 0
Apple Inc COM 037833100 11,369 23,846 SH   SOLE   23,846 0 0
Archer-Daniels-Midland Co COM 039483102 438 11,889 SH   SOLE   11,889 0 0
Automatic Data Processing COM 053015103 3,889 53,725 SH   SOLE   53,725 0 0
BCE Inc COM 05534b760 1,366 32,000 SH   SOLE   32,000 0 0
BHP Billiton Ltd-Spon ADR COM 088606108 232 3,485 SH   SOLE   3,485 0 0
Bank Of Marin Bancorp/CA COM 063425102 632 15,210 SH   SOLE   15,210 0 0
Bank of America Corp COM 060505104 1,275 92,412 SH   SOLE   92,412 0 0
Bank of Montreal COM 063671101 920 13,765 SH   SOLE   13,765 0 0
Baxter International Inc. COM 071813109 286 4,355 SH   SOLE   4,355 0 0
Becton Dickinson & Co COM 075887109 375 3,746 SH   SOLE   3,746 0 0
Berkshire Hathaway Inc-Cl B COM 084670702 2,058 18,128 SH   SOLE   18,128 0 0
Biocryst Pharmaceuticals Inc COM 09058v103 264 36,261 SH   SOLE   36,261 0 0
Biogen Idec Inc COM 09062x103 1,084 4,504 SH   SOLE   4,504 0 0
Blackstone Group/The COM 09253u108 391 15,725 SH   SOLE   15,725 0 0
Boeing Co COM 097023105 3,282 27,933 SH   SOLE   27,933 0 0
Bristol-Myers Squibb Co COM 110122108 10,388 224,454 SH   SOLE   224,454 0 0
Broadcom Corp-Cl A COM 111320107 1,004 38,600 SH   SOLE   38,600 0 0
CVS Caremark Corp COM 126650100 2,259 39,805 SH   SOLE   39,805 0 0
Caterpillar Inc COM 149123101 4,302 51,579 SH   SOLE   51,579 0 0
Celgene Corp COM 151020104 450 2,922 SH   SOLE   2,922 0 0
CenterPoint Energy Inc COM 15189t107 2,237 93,338 SH   SOLE   93,338 0 0
Cerner Corp COM 156782104 1,647 31,350 SH   SOLE   31,350 0 0
Cerus Corp COM 157085101 67 10,000 SH   SOLE   10,000 0 0
Chesapeake Energy Corp COM 165167107 251 9,700 SH   SOLE   9,700 0 0
Chevron Corp COM 166764100 19,662 161,824 SH   SOLE   161,824 0 0
Chubb Corp COM 171232101 2,499 27,996 SH   SOLE   27,996 0 0
Cisco Systems Inc COM 17275R102 2,873 122,597 SH   SOLE   122,597 0 0
Citigroup Inc COM 172967424 801 16,512 SH   SOLE   16,512 0 0
Clorox Company COM 189054109 5,089 62,275 SH   SOLE   62,275 0 0
Coca-Cola Co/The COM 191216100 4,000 105,608 SH   SOLE   105,608 0 0
Colgate-Palmolive Co COM 194162103 3,926 66,214 SH   SOLE   66,214 0 0
Comcast Corp-Cl A COM 20030n101 1,810 40,113 SH   SOLE   40,113 0 0
Conagra Foods Inc COM 205887102 891 29,375 SH   SOLE   29,375 0 0
ConocoPhillips COM 20825C104 12,593 181,174 SH   SOLE   181,174 0 0
Consolidated Edison Inc COM 209115104 1,062 19,268 SH   SOLE   19,268 0 0
Consumer Discretionary Select COM 81369y407 2,194 36,183 SH   SOLE   36,183 0 0
Consumer Staples SPDR COM 81369y308 2,235 56,145 SH   SOLE   56,145 0 0
Costco Wholesale Corp COM 22160K105 9,157 79,509 SH   SOLE   79,509 0 0
DIRECTV Group Inc/The COM 25490a309 218 3,646 SH   SOLE   3,646 0 0
Danaher Corp COM 235851102 3,017 43,521 SH   SOLE   43,521 0 0
Deere & Co COM 244199105 1,536 18,877 SH   SOLE   18,877 0 0
Diageo Plc-Sponsored ADR COM 25243q205 441 3,468 SH   SOLE   3,468 0 0
Dick's Sporting Goods Inc COM 253393102 1,005 18,836 SH   SOLE   18,836 0 0
Disney Co./Walt The COM 254687106 4,116 63,832 SH   SOLE   63,832 0 0
Dominion Resources Inc/Va COM 25746u109 567 9,069 SH   SOLE   9,069 0 0
Du Pont (E.I.) De Nemours COM 263534109 5,707 97,455 SH   SOLE   97,455 0 0
Duke Energy Corp COM 26441c204 1,972 29,526 SH   SOLE   29,526 0 0
EGShares Dow Jones Emerging Ma COM 268461779 3,476 129,014 SH   SOLE   129,014 0 0
EMC Metals Corp COM 268665106 1 23,400 SH   SOLE   23,400 0 0
EOG Resources Inc COM 26875p101 233 1,374 SH   SOLE   1,374 0 0
ETFS Physical Precious Metals COM 26922w109 489 6,760 SH   SOLE   6,760 0 0
Eaton Corp PLC COM g29183103 1,461 21,219 SH   SOLE   21,219 0 0
Ecolab Inc COM 278865100 4,415 44,709 SH   SOLE   44,709 0 0
Edison International COM 281020107 3,489 75,740 SH   SOLE   75,740 0 0
Eli Lilly & Co COM 532457108 1,129 22,429 SH   SOLE   22,429 0 0
Emerson Electric Co COM 291011104 2,018 31,189 SH   SOLE   31,189 0 0
Encounter Technologies Inc COM 29259j105 0 62,000 SH   SOLE   62,000 0 0
Energy Transfer Equity LP COM 29273v100 401 6,100 SH   SOLE   6,100 0 0
Energy Transfer Partners LP COM 29273r109 286 5,490 SH   SOLE   5,490 0 0
Enterprise Products Partners COM 293792107 1,721 28,192 SH   SOLE   28,192 0 0
Essex Property Trust Inc COM 297178105 288 1,950 SH   SOLE   1,950 0 0
Eurasian Minerals Inc COM 29843r100 55 44,086 SH   SOLE   44,086 0 0
Express Scripts Holding Co. COM 30219g108 917 14,835 SH   SOLE   14,835 0 0
Exxon Mobil Corp COM 30231G102 12,754 148,235 SH   SOLE   148,235 0 0
FedEx Corp COM 31428x106 227 1,991 SH   SOLE   1,991 0 0
First Trust Dividend Leaders I COM 336917109 1,498 71,888 SH   SOLE   71,888 0 0
First Trust Mid Cap Value ETF COM 33737m201 393 14,621 SH   SOLE   14,621 0 0
Flagstar Bancorp Inc COM 337930705 148 10,000 SH   SOLE   10,000 0 0
Fluor Corp COM 343412102 537 7,570 SH   SOLE   7,570 0 0
Ford Motor Co COM 345370860 1,217 72,167 SH   SOLE   72,167 0 0
Franklin Resources Inc COM 354613101 294 5,814 SH   SOLE   5,814 0 0
Freeport-McMoRan Copper & Gold COM 35671d857 3,103 93,812 SH   SOLE   93,812 0 0
Frontier Communications Corp COM 35906a108 64 15,414 SH   SOLE   15,414 0 0
Gasco Energy Inc COM 367220100 0 12,245 SH   SOLE   12,245 0 0
General Dynamics Corp COM 369550108 1,352 15,450 SH   SOLE   15,450 0 0
General Electric Co COM 369604103 13,513 565,627 SH   SOLE   565,627 0 0
General Growth Properties COM 370021107 327 16,966 SH   SOLE   16,966 0 0
General Mills Inc COM 370334104 4,277 89,261 SH   SOLE   89,261 0 0
Genuine Parts Co COM 372460105 2,699 33,362 SH   SOLE   33,362 0 0
Gilead Sciences Inc COM 375558103 956 15,203 SH   SOLE   15,203 0 0
GlaxoSmithKline Plc-ADR COM 37733w105 2,751 54,839 SH   SOLE   54,839 0 0
Goldman Sachs Group Inc COM 38141G104 373 2,360 SH   SOLE   2,360 0 0
Google Inc-Cl A COM 38259P508 2,995 3,419 SH   SOLE   3,419 0 0
Grainger (W.W.) Inc COM 384802104 223 853 SH   SOLE   853 0 0
Guggenheim BRIC ETF COM 18383m100 435 12,335 SH   SOLE   12,335 0 0
HCP Inc COM 40414l109 5,815 142,003 SH   SOLE   142,003 0 0
Harman International COM 413086109 499 7,535 SH   SOLE   7,535 0 0
Health Care Select Sector COM 81369y209 2,340 46,255 SH   SOLE   46,255 0 0
Hess Corp COM 42809h107 828 10,710 SH   SOLE   10,710 0 0
Hewlett-Packard Co COM 428236103 441 21,017 SH   SOLE   21,017 0 0
Home Depot Inc COM 437076102 3,926 51,756 SH   SOLE   51,756 0 0
Honeywell International Inc COM 438516106 4,094 49,307 SH   SOLE   49,307 0 0
Hubbell Inc -Cl B COM 443510201 209 2,000 SH   SOLE   2,000 0 0
Illinois Tool Works COM 452308109 206 2,700 SH   SOLE   2,700 0 0
Infinito Gold Ltd COM 45671c106 0 33,130 SH   SOLE   33,130 0 0
Ingersoll-Rand Co Ltd-Cl A COM g47791101 973 14,989 SH   SOLE   14,989 0 0
Integral Technologies Inc COM 45810j103 8 17,000 SH   SOLE   17,000 0 0
Intel Corp COM 458140100 8,243 359,617 SH   SOLE   359,617 0 0
InterContinental Hotels-ADR COM 45857p400 1,269 43,452 SH   SOLE   43,452 0 0
Intl Business Machines Corp COM 459200101 8,962 48,396 SH   SOLE   48,396 0 0
Intl Flavors & Fragrances COM 459506101 541 6,575 SH   SOLE   6,575 0 0
JPMorgan Chase & Co COM 46625H100 5,277 102,081 SH   SOLE   102,081 0 0
Jacobs Engineering Group Inc COM 469814107 518 8,899 SH   SOLE   8,899 0 0
Johnson & Johnson COM 478160104 16,034 184,962 SH   SOLE   184,962 0 0
Johnson Controls Inc COM 478366107 416 10,026 SH   SOLE   10,026 0 0
Kimberly-Clark Corp COM 494368103 6,222 66,039 SH   SOLE   66,039 0 0
Kinder Morgan Energy Partners COM 494550106 3,460 43,348 SH   SOLE   43,348 0 0
Kinder Morgan Management LLC COM 49455u100 3,529 47,078 SH   SOLE   47,078 0 0
Kohl's Corp COM 500255104 518 10,000 SH   SOLE   10,000 0 0
Kraft Foods Group COM 50076q106 1,014 19,320 SH   SOLE   19,320 0 0
L-3 Communications Holdings COM 502424104 292 3,086 SH   SOLE   3,086 0 0
Laboratory Corp Of Amer Hldgs COM 50540r409 1,463 14,754 SH   SOLE   14,754 0 0
Li & Fung Ltd Ord New COM g5485f151 15 10,000 SH   SOLE   10,000 0 0
Life Technologies Corp COM 53217v109 549 7,330 SH   SOLE   7,330 0 0
Linn Co LLC COM 535782106 611 20,950 SH   SOLE   20,950 0 0
Linn Energy LLC-Units COM 536020100 1,308 50,450 SH   SOLE   50,450 0 0
Lowe's Cos Inc COM 548661107 3,307 69,452 SH   SOLE   69,452 0 0
Lululemon Athletica Inc COM 550021109 385 5,260 SH   SOLE   5,260 0 0
Macy's Inc COM 55616p104 839 19,381 SH   SOLE   19,381 0 0
Magellan Midstream Partners COM 559080106 386 6,832 SH   SOLE   6,832 0 0
Manulife Financial Corp COM 56501r106 378 22,855 SH   SOLE   22,855 0 0
Marathon Oil Corp COM 565849106 355 10,168 SH   SOLE   10,168 0 0
Marathon Petroleum Corp COM 56585a102 239 3,709 SH   SOLE   3,709 0 0
Market Vectors Agribusiness ET COM 57060u605 233 4,544 SH   SOLE   4,544 0 0
Mattel Inc COM 577081102 619 14,781 SH   SOLE   14,781 0 0
McCormick & Co-Non Vtg Shrs COM 579780206 1,318 20,365 SH   SOLE   20,365 0 0
McDonald's Corp COM 580135101 10,780 112,047 SH   SOLE   112,047 0 0
McGraw Hill Financial Inc COM 580645109 361 5,500 SH   SOLE   5,500 0 0
Medical Properties Trust Inc COM 68463J304 342 28,134 SH   SOLE   28,134 0 0
Medtronic Inc COM 585055106 3,332 62,565 SH   SOLE   62,565 0 0
Merck & Co. Inc. COM 58933y105 4,745 99,668 SH   SOLE   99,668 0 0
Microsoft Corp COM 594918104 5,778 173,605 SH   SOLE   173,605 0 0
Mondelez International COM 609207105 1,689 53,768 SH   SOLE   53,768 0 0
Mylan Laboratories COM 628530107 1,970 51,616 SH   SOLE   51,616 0 0
Nabors Industries Inc COM g6359f103 578 35,965 SH   SOLE   35,965 0 0
Nestle Sa-Spons ADR For Reg COM 641069406 3,392 48,742 SH   SOLE   48,742 0 0
Newmont Mining Corp COM 651639106 271 9,662 SH   SOLE   9,662 0 0
News Corp - Class B COM 65249b208 198 12,071 SH   SOLE   12,071 0 0
NextEra Energy Inc COM 65339f101 6,758 84,306 SH   SOLE   84,306 0 0
Nike Inc -Cl B COM 654106103 4,470 61,534 SH   SOLE   61,534 0 0
Nordstrom Inc COM 655664100 242 4,303 SH   SOLE   4,303 0 0
Norfolk Southern Corp COM 655844108 311 4,021 SH   SOLE   4,021 0 0
Northeast Utilities COM 664397106 286 6,923 SH   SOLE   6,923 0 0
Novabay Pharmaceuticals Inc COM 66987p102 40 23,333 SH   SOLE   23,333 0 0
Novartis Ag-ADR COM 66987v109 2,880 37,550 SH   SOLE   37,550 0 0
OGE Energy Corp COM 670837103 262 7,250 SH   SOLE   7,250 0 0
Occidental Petroleum Corp COM 674599105 5,517 58,984 SH   SOLE   58,984 0 0
Oracle Corp COM 68389x105 2,497 75,275 SH   SOLE   75,275 0 0
P G & E Corp COM 69331c108 410 10,008 SH   SOLE   10,008 0 0
Paccar Inc COM 693718108 1,204 21,629 SH   SOLE   21,629 0 0
PepsiCo Inc COM 713448108 6,190 77,857 SH   SOLE   77,857 0 0
Pfizer Inc COM 717081103 6,684 232,699 SH   SOLE   232,699 0 0
Pharmaceutical HOLDRs Trust COM 71712a206 465 9,725 SH   SOLE   9,725 0 0
Philip Morris International COM 718172109 2,428 28,040 SH   SOLE   28,040 0 0
Phillips 66 COM 718546104 207 3,580 SH   SOLE   3,580 0 0
Piedmont Mining Co Inc COM 720172105 0 10,000 SH   SOLE   10,000 0 0
Plains All American Pipeline L COM 726503105 216 4,100 SH   SOLE   4,100 0 0
Plum Creek Timber Co COM 729251108 269 5,753 SH   SOLE   5,753 0 0
PowerShares Preferred Portfoli COM 73936t565 1,663 121,457 SH   SOLE   121,457 0 0
Powershares QQQ NASDAQ 100 Tru COM 73935a104 1,068 13,535 SH   SOLE   13,535 0 0
Praxair Inc COM 74005p104 2,180 18,134 SH   SOLE   18,134 0 0
ProLogis Inc COM 74340w103 276 7,339 SH   SOLE   7,339 0 0
ProShares Short 20+ Treasury COM 74347x849 232 7,245 SH   SOLE   7,245 0 0
Procter & Gamble Co COM 742718109 13,732 181,661 SH   SOLE   181,661 0 0
Prudential Financial Inc COM 744320102 2,263 29,018 SH   SOLE   29,018 0 0
Public Service Enterprise Grou COM 744573106 1,448 43,967 SH   SOLE   43,967 0 0
Qualcomm Inc COM 747525103 1,003 14,899 SH   SOLE   14,899 0 0
Quest Diagnostics COM 74834l100 373 6,035 SH   SOLE   6,035 0 0
Realty Income Corp COM 756109104 3,543 89,123 SH   SOLE   89,123 0 0
Retail Properties of America COM 76131v202 596 43,350 SH   SOLE   43,350 0 0
Robert Half Intl Inc COM 770323103 285 7,300 SH   SOLE   7,300 0 0
Roche Holdings LTD-Spons ADR COM 010397936 1,280 18,951 SH   SOLE   18,951 0 0
Rockwood Holdings Inc COM 774415103 833 12,446 SH   SOLE   12,446 0 0
Royal Dutch Shell Plc-ADR A COM 780259206 362 5,510 SH   SOLE   5,510 0 0
Rydex Russell Top 50 ETF COM 78355w205 686 5,856 SH   SOLE   5,856 0 0
Rydex S&P Equal Weight ETF COM 78355w106 212 3,245 SH   SOLE   3,245 0 0
SPDR Dow Jones Industrial Aver COM 78467x109 1,049 6,944 SH   SOLE   6,944 0 0
SPDR Energy Select Sector COM 81369y506 2,301 27,753 SH   SOLE   27,753 0 0
SPDR Financial Select Sector COM 81369y605 1,123 56,406 SH   SOLE   56,406 0 0
SPDR Gold Trust COM 78463v107 886 6,912 SH   SOLE   6,912 0 0
SPDR Industrial Select Sector COM 81369y704 2,130 45,908 SH   SOLE   45,908 0 0
SPDR Materials Select Sector COM 81369y100 547 13,030 SH   SOLE   13,030 0 0
SPDR S&P Biotech ETF COM 78464a870 457 3,536 SH   SOLE   3,536 0 0
SPDR S&P Dividend ETF COM 78464a763 6,190 89,781 SH   SOLE   89,781 0 0
SPDR S&P MidCap 400 ETF Trust COM 78467y107 4,016 17,746 SH   SOLE   17,746 0 0
SPDR S&P500 Index Trust Series COM 78462f103 4,940 29,405 SH   SOLE   29,405 0 0
SPDR Technology Select Sector COM 81369y803 2,951 92,118 SH   SOLE   92,118 0 0
Sanofi-ADR COM 80105n105 4,430 87,488 SH   SOLE   87,488 0 0
Scana Corp COM 80589m102 556 12,074 SH   SOLE   12,074 0 0
Schlumberger Ltd COM 806857108 1,617 18,305 SH   SOLE   18,305 0 0
Schwab (Charles) Corp COM 808513105 281 13,270 SH   SOLE   13,270 0 0
Schwab U.S. Broad Market ETF COM 808524102 1,089 26,505 SH   SOLE   26,505 0 0
Sempra Energy COM 816851109 2,360 27,570 SH   SOLE   27,570 0 0
Siemens Ag-Spons ADR COM 826197501 275 2,285 SH   SOLE   2,285 0 0
Sierra Vista Bank COM 82651b105 51 20,000 SH   SOLE   20,000 0 0
Silvercorp Metals Inc COM 82835p103 33 10,000 SH   SOLE   10,000 0 0
Sirius XM Radio Inc COM 82967n108 476 122,784 SH   SOLE   122,784 0 0
Southern Co COM 842587107 2,343 56,898 SH   SOLE   56,898 0 0
Southwestern Energy Co COM 845467109 1,021 28,075 SH   SOLE   28,075 0 0
Spectra Energy Corp COM 847560109 4,105 119,928 SH   SOLE   119,928 0 0
Spectral Diagnostics Inc COM 847574100 11 25,000 SH   SOLE   25,000 0 0
Sprott Physical Gold Trust COM 85207h104 724 65,672 SH   SOLE   65,672 0 0
St Jude Medical Inc COM 790849103 855 15,948 SH   SOLE   15,948 0 0
Stanley Black & Decker Inc COM 854502101 2,402 26,526 SH   SOLE   26,526 0 0
Starbucks Corp COM 855244109 1,558 20,246 SH   SOLE   20,246 0 0
State Street Corp COM 857477103 269 4,088 SH   SOLE   4,088 0 0
Stryker Corp COM 863667101 300 4,433 SH   SOLE   4,433 0 0
Summit Hotel Properties Inc COM 866082100 143 15,576 SH   SOLE   15,576 0 0
SunPower Corp COM 867652406 798 30,489 SH   SOLE   30,489 0 0
Suncor Energy Inc COM 867224107 451 12,600 SH   SOLE   12,600 0 0
TD Ameritrade Holding Corp COM 87236y108 938 35,836 SH   SOLE   35,836 0 0
TJX Companies Inc COM 872540109 400 7,091 SH   SOLE   7,091 0 0
Target Corp COM 87612e106 5,207 81,392 SH   SOLE   81,392 0 0
Teva Pharmaceutical-Sp ADR COM 881624209 515 13,641 SH   SOLE   13,641 0 0
Toronto-Dominion Bank COM 891160509 3,146 34,961 SH   SOLE   34,961 0 0
Total SA-Spon ADR COM 89151e109 229 3,953 SH   SOLE   3,953 0 0
Toyota Motor Corp -Spon ADR COM 892331307 1,838 14,359 SH   SOLE   14,359 0 0
Travelers Cos Inc/The COM 89417e109 2,721 32,093 SH   SOLE   32,093 0 0
Twenty-First Century Fox-B (fo COM 90130a200 2,240 67,072 SH   SOLE   67,072 0 0
US Bancorp COM 902973304 371 10,151 SH   SOLE   10,151 0 0
Unilever N V -NY Shares COM 904784709 2,561 67,897 SH   SOLE   67,897 0 0
Unilever Plc-Sponsored ADR COM 904767704 1,742 45,162 SH   SOLE   45,162 0 0
Union Pacific Corp COM 907818108 573 3,689 SH   SOLE   3,689 0 0
United Parcel Service-Cl B COM 911312106 3,772 41,285 SH   SOLE   41,285 0 0
United Technologies Corp COM 913017109 2,471 22,919 SH   SOLE   22,919 0 0
UnitedHealth Group Inc COM 91324P102 1,613 22,530 SH   SOLE   22,530 0 0
Utilities Select Sector SPDR COM 81369y886 549 14,687 SH   SOLE   14,687 0 0
Vanguard Dividend Appreciation COM 921908844 284 4,080 SH   SOLE   4,080 0 0
Vanguard High Dividend Yield E COM 921946406 322 5,602 SH   SOLE   5,602 0 0
Vanguard Large-Cap Vipers ETF COM 922908637 286 3,700 SH   SOLE   3,700 0 0
Vanguard MSCI EAFE Index ETF COM 921943858 2,253 56,918 SH   SOLE   56,918 0 0
Vanguard MSCI Emerging Market COM 922042858 2,082 51,874 SH   SOLE   51,874 0 0
Vanguard Mid-Cap Vipers COM 922908629 3,689 36,000 SH   SOLE   36,000 0 0
Vanguard Small-Cap Vipers COM 922908751 4,981 48,600 SH   SOLE   48,600 0 0
Vanguard Total Stock Mk Vipers COM 922908769 10,048 114,637 SH   SOLE   114,637 0 0
Varian Medical Systems Inc COM 92220P105 802 10,734 SH   SOLE   10,734 0 0
Verizon Communications Inc COM 92343v104 19,000 407,072 SH   SOLE   407,072 0 0
Visa Inc-Class A Shares COM 92826c839 577 3,017 SH   SOLE   3,017 0 0
Vodaphone Group Plc-Sp ADR COM 92857w209 2,984 84,833 SH   SOLE   84,833 0 0
Vornado Realty Trust COM 929042109 3,455 41,099 SH   SOLE   41,099 0 0
Voyant International Corp COM 92909w108 0 53,652 SH   SOLE   53,652 0 0
Wal-Mart Stores Inc COM 931142103 911 12,317 SH   SOLE   12,317 0 0
Walgreen Co COM 931422109 3,760 69,882 SH   SOLE   69,882 0 0
Waste Management Inc COM 94106l109 4,521 109,618 SH   SOLE   109,618 0 0
WellPoint Inc COM 94973V107 883 10,560 SH   SOLE   10,560 0 0
Wells Fargo & Company COM 949746101 19,873 480,956 SH   SOLE   480,956 0 0
Westamerica Bancorportaion COM 957090103 759 15,261 SH   SOLE   15,261 0 0
Weyerhaeuser Co COM 962166104 1,050 36,690 SH   SOLE   36,690 0 0
Whirlpool Corp COM 963320106 2,259 15,425 SH   SOLE   15,425 0 0
White Mountains Insurance Grou COM G9618E107 684 1,205 SH   SOLE   1,205 0 0
Whole Foods Market Inc COM 966837106 5,197 88,836 SH   SOLE   88,836 0 0
Williams Cos Inc COM 969457100 4,275 117,571 SH   SOLE   117,571 0 0
Wisconsin Energy Corp COM 976657106 906 22,444 SH   SOLE   22,444 0 0
Xylem Inc COM 98419m100 406 14,526 SH   SOLE   14,526 0 0
Yahoo! Inc COM 984332106 1,020 30,750 SH   SOLE   30,750 0 0
Yingli Green Energy Holding Co COM 98584b103 104 15,000 SH   SOLE   15,000 0 0
Yum! Brands Inc COM 988498101 378 5,288 SH   SOLE   5,288 0 0
Zimmer Holdings Inc COM 98956p102 620 7,546 SH   SOLE   7,546 0 0
Zogenix Inc COM 98978l105 19 10,000 SH   SOLE   10,000 0 0
iShares DJ Select Dividend Ind COM 464287168 5,348 80,614 SH   SOLE   80,614 0 0
iShares DJ US Energy Sector COM 464287796 285 6,057 SH   SOLE   6,057 0 0
iShares DJ US Financial Sect COM 464287788 911 12,433 SH   SOLE   12,433 0 0
iShares DJ US Healthcare Sec COM 464287762 202 1,892 SH   SOLE   1,892 0 0
iShares DJ US Telecommunicatio COM 464287713 303 10,998 SH   SOLE   10,998 0 0
iShares FTSE/Xinhua China 25 COM 464287184 252 6,805 SH   SOLE   6,805 0 0
iShares MSCI Brazil Index COM 464286400 206 4,297 SH   SOLE   4,297 0 0
iShares MSCI Canada Index COM 464286509 205 7,250 SH   SOLE   7,250 0 0
iShares MSCI EAFE Index Fund COM 464287465 1,482 23,233 SH   SOLE   23,233 0 0
iShares MSCI Emerging Markets COM 464287234 592 14,525 SH   SOLE   14,525 0 0
iShares Russell 1000 Growth COM 464287614 523 6,682 SH   SOLE   6,682 0 0
iShares Russell 1000 Value COM 464287598 319 3,696 SH   SOLE   3,696 0 0
iShares Russell 2000 Index Fun COM 464287655 291 2,734 SH   SOLE   2,734 0 0
iShares Russell Midcap Index COM 464287499 314 2,261 SH   SOLE   2,261 0 0
iShares S&P 100 Index Fund COM 464287101 748 9,994 SH   SOLE   9,994 0 0
iShares S&P 500 Index Fund COM 464287200 420 2,487 SH   SOLE   2,487 0 0
iShares S&P Europe 350 COM 464287861 420 9,520 SH   SOLE   9,520 0 0
iShares S&P Global 100 COM 464287572 673 9,351 SH   SOLE   9,351 0 0
iShares S&P Latin American 40 COM 464287390 217 5,670 SH   SOLE   5,670 0 0
iShares S&P Midcap 400 Index F COM 464287507 1,078 8,683 SH   SOLE   8,683 0 0
iShares S&P Midcap 400/Value COM 464287705 412 3,810 SH   SOLE   3,810 0 0
iShares S&P US Preferred Stock COM 464288687 7,749 203,933 SH   SOLE   203,933 0 0
iShares Trust S&P SmallCap 600 COM 464287804 594 5,955 SH   SOLE   5,955 0 0
1/10 PIMCO Floating Rate Pfd A PFD 72201j609 250 10 SH   SOLE   10 0 0
AEGON 8.00% 2042 Notes Call 08 PFD 007924608 682 24,946 SH   SOLE   24,946 0 0
AEGON NV 7.25%Perp Call 03/201 PFD n00927348 523 20,888 SH   SOLE   20,888 0 0
AON Cap 8.205% 1/27 Non-Call B PFD 22532r101 1,373 46,159 SH   SOLE   46,159 0 0
Allied Capital ARCC6.875% 4/20 PFD 01903q207 468 20,067 SH   SOLE   20,067 0 0
American Capital Agency 8.0% P PFD 02503x204 955 37,324 SH   SOLE   37,324 0 0
Annaly Capital 7.625% Perp Cl PFD 035710706 288 12,031 SH   SOLE   12,031 0 0
Arch Capital 6.75% BBB QDI Cl PFD g0450a204 555 22,930 SH   SOLE   22,930 0 0
Ares Capital 7.75% 2040 Call 1 PFD 04010l202 1,368 53,515 SH   SOLE   53,515 0 0
Argo Group 6.5% Sr Notes Call PFD 040130205 354 16,050 SH   SOLE   16,050 0 0
Ashford Hospitality 9.0% NR Ca PFD 044103505 1,101 42,410 SH   SOLE   42,410 0 0
Aspen Insurance 7.25% Call07/2 PFD g05384147 2,837 113,205 SH   SOLE   113,205 0 0
Aspen Insurance 7.401% Call 07 PFD g05384139 504 19,616 SH   SOLE   19,616 0 0
Aviva 8.25% 12/2041 Call 12/20 PFD 05382a203 8,403 304,449 SH   SOLE   304,449 0 0
Axis Capital 6.875% Cl 4/17 QD PFD g0692u307 336 14,150 SH   SOLE   14,150 0 0
BAC Flt LIB+35 BB+ NCU QDI Cl PFD 060505815 291 14,095 SH   SOLE   14,095 0 0
BB&T Capital 5.625% Call 8/201 PFD 054937404 1,043 50,725 SH   SOLE   50,725 0 0
BGC Partners 8.125% 2042 Call PFD 05541t408 1,093 42,732 SH   SOLE   42,732 0 0
Banco Santander 6.80% QDI Clbl PFD 80281r706 530 21,265 SH   SOLE   21,265 0 0
Banco Santander10.5% Perp Cl9/ PFD e8683r144 1,060 40,114 SH   SOLE   40,114 0 0
Bank of America 6.625%Prp Cl 1 PFD 060505740 393 15,351 SH   SOLE   15,351 0 0
Barclay's 6.625% Perpetual 9/1 PFD 06739f390 286 11,689 SH   SOLE   11,689 0 0
Barclays 7.75% Prp Cl 9/13 BBB PFD 06739h511 1,657 65,608 SH   SOLE   65,608 0 0
Barclays 8.125% Perp/Cl 9/13 B PFD 06739h362 3,663 144,005 SH   SOLE   144,005 0 0
Barclays Bank 7.1% Prp Call 12 PFD 06739h776 1,176 47,041 SH   SOLE   47,041 0 0
CBL & Associates 6.5% Perp CUM PFD 124830803 223 9,583 SH   SOLE   9,583 0 0
Campus Crest Comm 8.00% Perp C PFD 13466y204 1,291 49,672 SH   SOLE   49,672 0 0
CenturyLink Quest 6.125%Nts Cl PFD 74913g600 527 24,900 SH   SOLE   24,900 0 0
CenturyLink Quest 7.0%SnNts Cl PFD 74913g501 2,638 109,760 SH   SOLE   109,760 0 0
CenturyLink Quest7.375% 6/51 C PFD 74913g204 1,269 50,722 SH   SOLE   50,722 0 0
CenturyLink SnNote7.5% 2051 Cl PFD 74913g303 3,806 151,195 SH   SOLE   151,195 0 0
CenturyLink SnNotes 7.0% 2050 PFD 74913G402 1,550 63,690 SH   SOLE   63,690 0 0
CenturyLink/QuestCTL)SrNt7.75% PFD 740434873 679 27,006 SH   SOLE   27,006 0 0
Charles Schwab 6.0% Cl 9/17 BB PFD 808513204 289 12,750 SH   SOLE   12,750 0 0
Chesapeake Lodging 7.75% PerpC PFD 165240201 1,717 69,168 SH   SOLE   69,168 0 0
Citigroup 5.8% B1 Call 4/18 QD PFD 172967366 288 13,600 SH   SOLE   13,600 0 0
Citigroup 7.125% Fxd-to-Flt Cl PFD 172967358 1,718 68,050 SH   SOLE   68,050 0 0
Citigroup Tst 7.875% Cl 2015 L PFD 173080201 220 8,010 SH   SOLE   8,010 0 0
Commonwealth REIT 7.25% Prp/Cl PFD 203233606 592 25,823 SH   SOLE   25,823 0 0
Corporate Office Prop 7.375% C PFD 22002t884 1,973 79,341 SH   SOLE   79,341 0 0
DTE Energy 6.5% Jr Sub Call 12 PFD 233331602 1,195 48,560 SH   SOLE   48,560 0 0
Deutsche Bank 7.35% Cl 12/12 B PFD 25154d102 538 21,303 SH   SOLE   21,303 0 0
Deutsche Bank 8.05% PrpCl6/18 PFD 25150l108 2,782 104,429 SH   SOLE   104,429 0 0
Deutsche Bk Tst6.55%Perp Cl 5/ PFD 25153x208 637 25,717 SH   SOLE   25,717 0 0
Deutsche Bnk 6.625% Prp Cl 8/1 PFD 25153y206 284 11,508 SH   SOLE   11,508 0 0
Deutsche Bnk 7.6% Prp Cl 2/18 PFD 25154a108 1,385 53,359 SH   SOLE   53,359 0 0
Digital Realty 6.625% Perp CUM PFD 253868806 795 35,502 SH   SOLE   35,502 0 0
Digital Realty 7.0% Perp Call PFD 253868707 3,950 164,738 SH   SOLE   164,738 0 0
Discover Financial 6.50%Perp Q PFD 254709207 1,393 59,210 SH   SOLE   59,210 0 0
Dominion Res 8.375% Cl 6/14 BB PFD 25746u604 491 18,855 SH   SOLE   18,855 0 0
Endurance Specialty 7.5% Cl 6/ PFD g30397304 1,616 64,781 SH   SOLE   64,781 0 0
Endurance Specialty 7.75% Cl12 PFD 29267h208 1,598 63,114 SH   SOLE   63,114 0 0
Excel Trust 8.125% CUM Call 1/ PFD 30068c307 943 37,145 SH   SOLE   37,145 0 0
First Republic Bank 6.2% Cl 6/ PFD 33616c407 3,069 137,310 SH   SOLE   137,310 0 0
First Republic Bank 6.70% Cl20 PFD 33616c209 1,670 70,476 SH   SOLE   70,476 0 0
General Growth Prop 6.375% Cl PFD 370023202 368 16,800 SH   SOLE   16,800 0 0
GoldmanSachs Lib+75 Min3.75% C PFD 38143y665 937 46,895 SH   SOLE   46,895 0 0
HSBC 6.36% Perp Callable NCU Q PFD 40429c607 834 35,043 SH   SOLE   35,043 0 0
HSBC Float 4.5%FL Clbl CUM QDI PFD 40428h706 375 15,000 SH   SOLE   15,000 0 0
HSBC Hldgs 8.0% Prp Cl 12/15 B PFD 404280802 4,667 172,533 SH   SOLE   172,533 0 0
HSBC Hldgs 8.125% Prp Cl 4/13 PFD 404280703 829 32,300 SH   SOLE   32,300 0 0
HSBC USA 6.50% Perp/Call 7/11 PFD 40428h862 223 9,291 SH   SOLE   9,291 0 0
Hanover Insurance 6.35% Cl 3/1 PFD 410867204 370 16,991 SH   SOLE   16,991 0 0
Hartford Finl 7.875% 2042 call PFD 416518504 1,462 51,990 SH   SOLE   51,990 0 0
Hudson Pacific 8.375% Perp N/R PFD 444097208 690 26,785 SH   SOLE   26,785 0 0
ING Groep NV 7 3/8% Cl 10/12 B PFD 456837707 1,423 56,883 SH   SOLE   56,883 0 0
ING Groep NV 8.5% BBB- QDI Cal PFD 456837806 1,199 47,050 SH   SOLE   47,050 0 0
ING Grp NV 7.20%Pfd Perp/Cl l2 PFD 456837301 209 8,366 SH   SOLE   8,366 0 0
Investors REIT 7.95% Perp CUM PFD 461730301 874 33,959 SH   SOLE   33,959 0 0
JPMorgan Chase 5.50% Perp Call PFD 48126e750 536 24,928 SH   SOLE   24,928 0 0
JPMorgan Trst 6.70% Callable 4 PFD 48125e207 426 16,750 SH   SOLE   16,750 0 0
KKR Financial 7.50% SrNotes Ca PFD 48248a504 3,625 144,037 SH   SOLE   144,037 0 0
KKR Financial 8.375%SrNts Call PFD 48248a405 827 30,699 SH   SOLE   30,699 0 0
KKR Financial7.375% Perp Call PFD 48248a603 3,922 156,874 SH   SOLE   156,874 0 0
Kimco Realty 6.90% Perp Call8/ PFD 49446r828 502 20,124 SH   SOLE   20,124 0 0
LaSalle Hotel 6.375% Call 3/20 PFD 517942801 432 20,477 SH   SOLE   20,477 0 0
LaSalle Hotel 7.50% Perp CUM C PFD 517942702 1,537 62,360 SH   SOLE   62,360 0 0
Limited 6.70% 3/2033 call 3/20 PFD 73941x551 478 19,770 SH   SOLE   19,770 0 0
M&T Bank 5% to 6.375% Cl 11/18 PFD 55261f708 589 614 SH   SOLE   614 0 0
MFA Financial 7.5% Prp Cl 4/15 PFD 55272x409 203 8,808 SH   SOLE   8,808 0 0
Maiden Hldgs 8.00% Nts 2042 ca PFD 56029q309 2,145 84,333 SH   SOLE   84,333 0 0
Maiden Hldgs 8.25% Nts 2041 ca PFD 56029q200 1,214 47,355 SH   SOLE   47,355 0 0
Maiden Holdings 8.25%Prp Cl8/2 PFD g5753u120 2,035 80,583 SH   SOLE   80,583 0 0
Merrill Lynch 7.28% Perp Cl 9/ PFD 59021k205 296 11,803 SH   SOLE   11,803 0 0
MetLife 3MoLibor+100 Min 4.0% PFD 59156r504 227 9,865 SH   SOLE   9,865 0 0
MetLife 6.5% Perp Cl 9/10 BBB- PFD 59156r603 297 11,948 SH   SOLE   11,948 0 0
Montpelier RE 8.875% Perp QDI PFD g62185114 763 29,340 SH   SOLE   29,340 0 0
Morgan Stanley 3MoLib+70bp 4%F PFD 61747s504 601 30,780 SH   SOLE   30,780 0 0
News Corp 7.00% 12/1/2095 call PFD 863117206 245 9,757 SH   SOLE   9,757 0 0
NuStar Logistics 7.625%Nts Cl PFD 67059t204 781 30,950 SH   SOLE   30,950 0 0
PS Business Parks 6.0% Cl 5/20 PFD 69360j685 306 14,518 SH   SOLE   14,518 0 0
Partner Re 7.25% Call 06/16 BB PFD g68603508 4,952 196,809 SH   SOLE   196,809 0 0
Pebblebrook Hotel 8.00%Perp Cu PFD 70509v308 1,841 71,275 SH   SOLE   71,275 0 0
Pebblebrook Hotel7.875%Perp Cu PFD 70509v209 882 34,113 SH   SOLE   34,113 0 0
Penn RealEstate 7.375%CUM Perp PFD 709102503 664 27,680 SH   SOLE   27,680 0 0
Pitney Bowes 6.7% Cl 3/7/18 PFD 724479506 412 16,700 SH   SOLE   16,700 0 0
PrivateBancorp PVTB 7.125% Cal PFD 742962400 350 14,245 SH   SOLE   14,245 0 0
Prospect Captl 6.95% Sr Nts 20 PFD 74348t201 1,816 70,563 SH   SOLE   70,563 0 0
Protective Life 6.0% Call 8/17 PFD 743674707 444 19,700 SH   SOLE   19,700 0 0
Prudential PLC 6.75% PrpCl 9/0 PFD g7293h114 726 29,311 SH   SOLE   29,311 0 0
Public Storage 5.90% Perp CUM PFD 74460w206 1,836 80,550 SH   SOLE   80,550 0 0
Public Storage 6.35% Call 7/16 PFD 74460d125 1,055 42,855 SH   SOLE   42,855 0 0
Public Storage 6.5% Perp Call PFD 74460d158 469 18,603 SH   SOLE   18,603 0 0
Public Storage 6.50% Call 4/20 PFD 74460d141 1,849 73,354 SH   SOLE   73,354 0 0
Public Storage 6.875% Prp Cl7/ PFD 74460d182 1,237 48,683 SH   SOLE   48,683 0 0
Raymond James Financial 6.90% PFD 754730208 602 23,893 SH   SOLE   23,893 0 0
Realty Income 6.625% Call 2/17 PFD 756109807 372 15,333 SH   SOLE   15,333 0 0
Regency Centers 6.00% Perp CUM PFD 758849806 886 41,601 SH   SOLE   41,601 0 0
Regions Financial 6.375% Cl 12 PFD 7591ep308 440 19,500 SH   SOLE   19,500 0 0
Reinsurance Group of Amer 6.2% PFD 759351703 423 17,100 SH   SOLE   17,100 0 0
Retail Properties of Amer 7.0% PFD 76131v608 454 19,800 SH   SOLE   19,800 0 0
SL Green Realty 6.5% Perp CUM PFD 78440x507 3,575 154,108 SH   SOLE   154,108 0 0
Scana Corp 7.70% 2065 Cl1/2015 PFD 80589m201 2,785 105,538 SH   SOLE   105,538 0 0
Solar Capital 6.75% Cl 11/17 PFD 83413u308 360 16,600 SH   SOLE   16,600 0 0
Southern Cal Ed 5.625% Cl6/17 PFD 78406t201 425 20,700 SH   SOLE   20,700 0 0
Southern Cal Ed 6.5% $100 Cl3/ PFD 842400723 732 7,465 SH   SOLE   7,465 0 0
Strategic Hotels&Resorts 8.25% PFD 86272t502 242 10,575 SH   SOLE   10,575 0 0
Summit Hotel 7.875% Perp CUM C PFD 866082308 1,000 39,286 SH   SOLE   39,286 0 0
Sunstone Hotel 8.00% Perp CUUM PFD 867592507 225 8,907 SH   SOLE   8,907 0 0
Taubman Centers 6.5% CUM NR Cl PFD 876664608 267 11,267 SH   SOLE   11,267 0 0
Telephone & Data 6.875% Cl 11/ PFD 879433845 3,696 153,754 SH   SOLE   153,754 0 0
Telephone & Data 7.0% Cl 3/16 PFD 879433837 1,037 41,750 SH   SOLE   41,750 0 0
Texas Capitl Bancshares6.50% 2 PFD 882228aa7 374 17,440 SH   SOLE   17,440 0 0
US Bancorp 6.5% FxdToFlt Cl 2/ PFD 902973833 1,399 53,826 SH   SOLE   53,826 0 0
US Cellular 6.95% 2060 Cl 05/2 PFD 911684405 379 15,685 SH   SOLE   15,685 0 0
Vornado Realty 5.7% Prp Cl 7/1 PFD 929042851 244 11,731 SH   SOLE   11,731 0 0
Vornado Realty 6.875% Prp/Cl 4 PFD 929042869 3,482 138,446 SH   SOLE   138,446 0 0
Wells Fargo 8.00% Prp Cl12/17 PFD 949746879 11,948 421,438 SH   SOLE   421,438 0 0
Charles Schwab 7% Perp/Call 2/ PFD 808513AE5 2,286 2,097,000 PRN   SOLE   2,097,000 0 0
Citigroup Inc 5.95% Perp Call PFD 172967GD7 298 320,000 PRN   SOLE   320,000 0 0
GE Cap Corp 6.25% Perp/Call 12 PFD 369622SP1 406 400,000 PRN   SOLE   400,000 0 0
GE Cap Corp 7.125% Perp/Call 6 PFD 369622SN6 1,610 1,480,000 PRN   SOLE   1,480,000 0 0
JPMorgan 7.9% Perp/Call 4/18 - PFD 46625HHA1 2,605 2,395,000 PRN   SOLE   2,395,000 0 0
So. Cal Edison 6.25% Perp/Call PFD 842400FU2 1,099 1,040,000 PRN   SOLE   1,040,000 0 0
Wachovia (WFC) Perp/Call 2/11 PFD 92978AAA0 6,385 7,075,000 PRN   SOLE   7,075,000 0 0
Wells Fargo & Company Perp/Cal PFD 949746PM7 599 540,000 PRN   SOLE   540,000 0 0