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
ACS Actividades de Construccion Com 00089H106 210 28,381 SH   SOLE 0 0 0 28,381
AIA Group Ltd Com 001317205 235 7,953 SH   SOLE 0 0 0 7,953
AT&T Inc. Com 00206R102 452 11,552 SH   SOLE 0 725 0 10,827
Abbott Laboratories Com 002824100 992 18,584 SH   SOLE 0 755 0 17,829
Abbvie Inc Com 00287Y109 297 3,340 SH   SOLE 0 0 0 3,340
Acuity Brands Inc Com 00508Y102 244 1,422 SH   SOLE 0 0 0 1,422
Adecco Group Ag Com 006754204 236 6,052 SH   SOLE 0 0 0 6,052
Adobe Sys Inc. Com 00724F101 2,995 20,078 SH   SOLE 0 0 0 20,078
Aegon N.V. Ordinary Shares Com 007924103 253 43,626 SH   SOLE 0 0 0 43,626
Airbus Group Com 009279100 249 10,460 SH   SOLE 0 0 0 10,460
Align Technology Inc Com 016255101 1,784 9,576 SH   SOLE 0 0 0 9,576
Allscripts Healthcare Solutions Com 01988P108 157 11,022 SH   SOLE 0 0 0 11,022
Alphabet Inc Class C Com 02079K107 2,850 2,972 SH   SOLE 0 0 0 2,972
Alphabet Inc Class A Com 02079K305 1,234 1,267 SH   SOLE 0 0 0 1,267
Altria Group Inc Com 02209S103 414 6,526 SH   SOLE 0 0 0 6,526
ADR AMBEV SA Sponsored Com 02319V103 250 37,941 SH   SOLE 0 0 0 37,941
Amerco Com 023586100 219 583 SH   SOLE 0 0 0 583
American Eagle Outfitters Com 02553E106 230 16,104 SH   SOLE 0 0 0 16,104
Arcelormittal New Com 03938L203 255 9,911 SH   SOLE 0 0 0 9,911
Archer Daniels Midland Co Com 039483102 395 9,290 SH   SOLE 0 79 0 9,211
Astrazeneca Plc Adr Com 046353108 231 6,830 SH   SOLE 0 0 0 6,830
Automatic Data Processing Inc Com 053015103 2,387 21,837 SH   SOLE 0 0 0 21,837
Avery Dennison Corp Com 053611109 435 4,421 SH   SOLE 0 0 0 4,421
Axa SA Sponsored Adr Com 054536107 249 8,234 SH   SOLE 0 0 0 8,234
Bae Sys Plc Sponsored Adr Com 05523R107 233 6,879 SH   SOLE 0 0 0 6,879
BCE Inc New Com 05534B760 397 8,478 SH   SOLE 0 0 0 8,478
BHP Billiton Plc Com 05545E209 337 9,502 SH   SOLE 0 0 0 9,502
Baidu Inc Sponsored Adr Com 056752108 435 1,755 SH   SOLE 0 0 0 1,755
Banco Bilbao Vizcaya Argentaria SA Sponsored Com 05946K101 231 25,870 SH   SOLE 0 0 0 25,870
Barnes Group Inc. Com 067806109 394 5,590 SH   SOLE 0 0 0 5,590
Berkshire Hills Bancorp Inc Com 084680107 227 5,866 SH   SOLE 0 0 0 5,866
Biogen Inc. Com 09062X103 204 650 SH   SOLE 0 0 0 650
Boeing Co Com 097023105 396 1,557 SH   SOLE 0 0 0 1,557
BrandyWine Realty Com 105368203 186 10,661 SH   SOLE 0 0 0 10,661
CIGNA Corporation Com 125509109 815 4,359 SH   SOLE 0 157 0 4,202
Ck Hutchison Hldgs Ltd Com 12562Y100 224 17,562 SH   SOLE 0 0 0 17,562
CVS Health Corp Com 126650100 984 12,105 SH   SOLE 0 85 0 12,020
Cambrex Corp Com 132011107 354 6,441 SH   SOLE 0 0 0 6,441
Camden Ppty Tr Sh Ben Com 133131102 371 4,060 SH   SOLE 0 0 0 4,060
Canadian Nat Res Ltd Com 136385101 226 6,752 SH   SOLE 0 0 0 6,752
Carlsberg Sponsored ADR Com 142795202 235 10,731 SH   SOLE 0 0 0 10,731
Carrefour Com 144430204 191 47,915 SH   SOLE 0 0 0 47,915
Carter's Inc Com 146229109 362 3,661 SH   SOLE 0 0 0 3,661
Celgene Corp Com 151020104 2,427 16,643 SH   SOLE 0 0 0 16,643
Charles River Laboratories Com 159864107 352 3,256 SH   SOLE 0 0 0 3,256
Chevron Corporation Com 166764100 768 6,535 SH   SOLE 0 0 0 6,535
China Mobile Ltd Com 16941M109 259 5,115 SH   SOLE 0 0 0 5,115
Church & Dwight Co., Inc. Com 171340102 344 7,104 SH   SOLE 0 0 0 7,104
Churchill Downs Inc Com Com 171484108 216 1,048 SH   SOLE 0 0 0 1,048
Cisco Systems Com 17275R102 557 16,574 SH   SOLE 0 0 0 16,574
Cintas Corp Com 172908105 420 2,911 SH   SOLE 0 0 0 2,911
Citigroup Inc Com New Com 172967424 1,747 24,015 SH   SOLE 0 186 0 23,829
Coca Cola Co Com 191216100 670 14,891 SH   SOLE 0 0 0 14,891
Cognex Corp Com 192422103 443 4,016 SH   SOLE 0 0 0 4,016
Coherent Inc Com 192479103 342 1,455 SH   SOLE 0 0 0 1,455
Cohu Inc. Com 192576106 229 9,593 SH   SOLE 0 0 0 9,593
Comcast Corp New Cl A Com 20030N101 1,130 29,362 SH   SOLE 0 258 0 29,104
Community Healthcare Tr Inc REIT Com 20369C106 201 7,465 SH   SOLE 0 0 0 7,465
ConocoPhillips Com 20825C104 365 7,295 SH   SOLE 0 0 0 7,295
Continental Building Products Inc Com 211171103 245 9,423 SH   SOLE 0 0 0 9,423
Control4 Corp Com 21240D107 352 11,940 SH   SOLE 0 0 0 11,940
Cooper Cos Inc. Com 216648402 413 1,742 SH   SOLE 0 0 0 1,742
Corning Inc. Com 219350105 275 9,185 SH   SOLE 0 0 0 9,185
Coty Inc Com 222070203 372 22,509 SH   SOLE 0 204 0 22,305
Curaegis Technologies Inc Com 23127Q102 7 10,100 SH   SOLE 0 0 0 10,100
Dbs Group Hldgs Ltd Sponsored Adr Com 23304Y100 230 3,745 SH   SOLE 0 0 0 3,745
DNB ASA Com 23328E106 273 13,540 SH   SOLE 0 0 0 13,540
DXC Technologies Co Com 23355L106 423 4,926 SH   SOLE 0 43 0 4,883
Danaher Corp Com 235851102 667 7,778 SH   SOLE 0 67 0 7,711
Diageo Plc New Adr Com 25243Q205 333 2,520 SH   SOLE 0 0 0 2,520
Dollar General Corp Com 256677105 1,234 15,225 SH   SOLE 0 0 0 15,225
Dorman Products Com 258278100 353 4,934 SH   SOLE 0 0 0 4,934
Dover Corp Com 260003108 247 2,700 SH   SOLE 0 0 0 2,700
DowDuPont Inc Com 26078J100 459 6,630 SH   SOLE 0 0 0 6,630
Duke Energy Corp New Com 26441C204 592 7,054 SH   SOLE 0 61 0 6,993
EOG Resources Inc Com 26875P101 769 7,948 SH   SOLE 0 52 0 7,896
E.ON AG Com 268780103 269 23,791 SH   SOLE 0 0 0 23,791
Eastman Chemical Co. Com 277432100 313 3,460 SH   SOLE 0 0 0 3,460
Eaton Vance Floating Rate Class I Com 277911491 5,462 607,605 SH   SOLE 0 8,941 0 598,664
Engie Sponsored ADR Com 29286D105 259 15,253 SH   SOLE 0 0 0 15,253
Equifax Inc. Com 294429105 410 3,870 SH   SOLE 0 34 0 3,836
Essilor Int'l Spons ADR Com 297284200 216 3,487 SH   SOLE 0 0 0 3,487
Exxon-Mobil Corp Com 30231G102 673 8,212 SH   SOLE 0 0 0 8,212
FPA New Income Com 302544101 54,802 5,452,980 SH   SOLE 0 429,856 0 5,023,124
Facebook Com 30303M102 3,213 18,806 SH   SOLE 0 0 0 18,806
Factset Resh Sys Inc Com 303075105 378 2,097 SH   SOLE 0 0 0 2,097
F5 Networks, Inc. Com 315616102 311 2,580 SH   SOLE 0 0 0 2,580
Fidelity Natl Information Svcs Inc. Com 31620M106 890 9,529 SH   SOLE 0 82 0 9,447
First Ctzns Bancshares Inc Ncl A Com 31946M103 383 1,024 SH   SOLE 0 0 0 1,024
First Cmnty Bancshares Inc Com 31983A103 201 6,890 SH   SOLE 0 0 0 6,890
Fiserv Inc. Com 337738108 547 4,243 SH   SOLE 0 36 0 4,207
ADR Fresenius Med Care AG & Co. Com 358029106 229 4,678 SH   SOLE 0 0 0 4,678
Gartner Inc Com 366651107 1,590 12,782 SH   SOLE 0 0 0 12,782
General Electric Co. Com 369604103 762 31,496 SH   SOLE 0 192 0 31,304
General Mills Inc Com 370334104 280 5,409 SH   SOLE 0 49 0 5,360
Genuine Parts Co Com 372460105 240 2,510 SH   SOLE 0 0 0 2,510
Goldman Sachs Group Inc. Com 38141G104 1,333 5,622 SH   SOLE 0 49 0 5,573
HSBC Hldgs Plc Spons Adr New Com 404280406 532 10,765 SH   SOLE 0 0 0 10,765
Hasbro Inc Com 418056107 340 3,483 SH   SOLE 0 0 0 3,483
Healthsouth Corp. Com 421924309 237 5,104 SH   SOLE 0 0 0 5,104
Henry Jack & Assoc Inc Com 426281101 379 3,684 SH   SOLE 0 0 0 3,684
Honeywell Intl Inc Com 438516106 846 5,968 SH   SOLE 0 52 0 5,916
Hunt J B Trans Svcs Inc. Com 445658107 425 3,827 SH   SOLE 0 0 0 3,827
IPG Photonics Corp Com 44980X109 587 3,170 SH   SOLE 0 0 0 3,170
Illinois Tool Works Inc Com 452308109 422 2,851 SH   SOLE 0 24 0 2,827
Intel Corp. Com 458140100 265 6,963 SH   SOLE 0 0 0 6,963
Intl Business Machines Corp Com 459200101 686 4,726 SH   SOLE 0 0 0 4,726
Intl Flavors & Fragrances Inc Com 459506101 383 2,678 SH   SOLE 0 0 0 2,678
ADR Intesa SanPaolo SPA Com 46115H107 240 11,323 SH   SOLE 0 0 0 11,323
JP Morgan Chase & Co Com 46625H100 2,831 29,637 SH   SOLE 0 187 0 29,450
Johnson & Johnson Com 478160104 2,582 19,860 SH   SOLE 0 88 0 19,772
Julius Baer Group LTD-UN ADR Com 48137C108 265 22,356 SH   SOLE 0 0 0 22,356
KVH Inds Inc Com 482738101 158 13,250 SH   SOLE 0 0 0 13,250
Kimberly Clark Corp Com 494368103 261 2,220 SH   SOLE 0 0 0 2,220
Komatsu Ltd Spon Adr New Com 500458401 249 8,745 SH   SOLE 0 0 0 8,745
LSI Industries Inc Com 50216C108 74 11,241 SH   SOLE 0 0 0 11,241
Lazard Emerging Mkts Equity Port Instl Com 52106N889 6,916 361,533 SH   SOLE 0 26,767 0 334,766
Lennox International Inc. Com 526107107 386 2,155 SH   SOLE 0 0 0 2,155
Lexington Rlty Tr Com Com 529043101 105 10,302 SH   SOLE 0 0 0 10,302
Liberty Ppty Tr Sh Ben Com 531172104 231 5,616 SH   SOLE 0 0 0 5,616
Lilly Eli & Co Com 532457108 378 4,424 SH   SOLE 0 0 0 4,424
MFS International Value R6 Com 552746349 1,879 44,695 SH   SOLE 0 44,695 0 0
Masco Industries Inc Com 574599106 510 13,072 SH   SOLE 0 0 0 13,072
Mastercard Inc Cl A Com 57636Q104 992 7,025 SH   SOLE 0 0 0 7,025
Mazda Mtr Corp Com 578787103 216 28,192 SH   SOLE 0 0 0 28,192
McCormick & Co Inc Com 579780206 403 3,925 SH   SOLE 0 0 0 3,925
McKesson Corporation Com 58155Q103 593 3,860 SH   SOLE 0 34 0 3,826
Merck & Co Inc New Com 58933Y105 480 7,502 SH   SOLE 0 0 0 7,502
Metlife, Inc. Com 59156R108 1,345 25,885 SH   SOLE 0 110 0 25,775
Mettler-Toledo Intl Inc Com 592688105 465 742 SH   SOLE 0 0 0 742
Microsoft Corporation Com 594918104 2,204 29,589 SH   SOLE 0 0 0 29,589
Mitsubishi Estate Co Com 606783207 188 10,845 SH   SOLE 0 0 0 10,845
Federated Government Money Mkt Obligs Tr Com 60934N104 3,018 3,017,739 SH   SOLE 0 3,011,435 0 6,304
Monolithic Power Systems Com 609839105 412 3,869 SH   SOLE 0 0 0 3,869
Murata Mfg Co Ltd Com 626425102 224 6,089 SH   SOLE 0 0 0 6,089
Nasdaq Stk Mkt Inc Com 631103108 551 7,105 SH   SOLE 0 61 0 7,044
Nektar Therapeutics Com 640268108 265 11,061 SH   SOLE 0 0 0 11,061
Nestle Adr Com 641069406 2,629 31,362 SH   SOLE 0 97 0 31,265
NextEra Energy Inc Com 65339F101 411 2,803 SH   SOLE 0 0 0 2,803
Nike, Inc. Class B Com 654106103 2,067 39,859 SH   SOLE 0 0 0 39,859
Northrup Grumman Corp. Com 666807102 717 2,493 SH   SOLE 0 21 0 2,472
Novartis Ag Sponsored Adr Com 66987V109 307 3,575 SH   SOLE 0 0 0 3,575
O'Reilly Automotive Inc New Com Com 67103H107 1,819 8,446 SH   SOLE 0 0 0 8,446
Occidental Petroleum Com 674599105 545 8,484 SH   SOLE 0 49 0 8,435
On Assignment, Inc Com Com 682159108 218 4,052 SH   SOLE 0 0 0 4,052
Oracle Corporation Com 68389X105 2,167 44,821 SH   SOLE 0 0 0 44,821
Orange Com 684060106 211 12,878 SH   SOLE 0 0 0 12,878
PNC Financial Services Group Com 693475105 1,246 9,243 SH   SOLE 0 71 0 9,172
PPG Ind Inc Com 693506107 1,340 12,329 SH   SOLE 0 107 0 12,222
PVH Corp Com 693656100 372 2,953 SH   SOLE 0 0 0 2,953
ADR Panasonic Corp ADR Com 69832A205 368 25,425 SH   SOLE 0 0 0 25,425
Paychex Inc. Com 704326107 711 11,860 SH   SOLE 0 750 0 11,110
Pepsico Inc Com 713448108 1,396 12,528 SH   SOLE 0 61 0 12,467
Pfizer Inc. Com 717081103 2,104 58,946 SH   SOLE 0 1,171 0 57,775
Philip Morris Intl Inc Com 718172109 2,150 19,364 SH   SOLE 0 143 0 19,221
Pine Grove Alternative Instl FD Com 72255R101 939 947 SH   SOLE 0 0 0 947
Pool Corporation Com 73278L105 338 3,121 SH   SOLE 0 0 0 3,121
The Priceline Group Inc Com 741503403 1,970 1,076 SH   SOLE 0 0 0 1,076
Procter & Gamble Co Com 742718109 610 6,704 SH   SOLE 0 295 0 6,409
Osterweis Strategic Income Fund Com 742935489 23,118 2,033,269 SH   SOLE 0 143,789 0 1,889,479
Raymond James Financial Inc. Com 754730109 423 5,013 SH   SOLE 0 0 0 5,013
Raytheon Co Com New Com 755111507 390 2,090 SH   SOLE 0 0 0 2,090
Regal Beloit Corp Com 758750103 229 2,899 SH   SOLE 0 0 0 2,899
Regeneron Pharmaceuticals Inc Com 75886F107 1,938 4,335 SH   SOLE 0 0 0 4,335
Resmed Inc Com 761152107 381 4,952 SH   SOLE 0 0 0 4,952
Roche Holdings Ltd Adr Com 771195104 325 10,186 SH   SOLE 0 0 0 10,186
Koninklijke-Royal DSM NV ADR Com 780249108 248 12,127 SH   SOLE 0 0 0 12,127
Royal Dutch Shell Plc Adr Cl B Com 780259107 388 6,205 SH   SOLE 0 0 0 6,205
Royal Dutch Shell Plc Adr Cl A Com 780259206 546 9,021 SH   SOLE 0 0 0 9,021
Royal Kpn Adr Com 780641205 237 69,117 SH   SOLE 0 0 0 69,117
SS&C TECHNOLOGIES HLDGS INC COM Com 78467J100 353 8,790 SH   SOLE 0 0 0 8,790
Schein Henry Inc Com 806407102 321 3,912 SH   SOLE 0 0 0 3,912
Schlumberger Ltd Com 806857108 1,872 26,840 SH   SOLE 0 162 0 26,678
Secom Co Ltd ADR Com 813113206 206 11,297 SH   SOLE 0 0 0 11,297
Selective Ins Group Inc Com 816300107 319 5,924 SH   SOLE 0 0 0 5,924
Seven & I Hldgs Co Ltd Adr Com 81783H105 225 11,636 SH   SOLE 0 0 0 11,636
Signature Bk New York N Y Com 82669G104 324 2,530 SH   SOLE 0 0 0 2,530
Smith & Nephew PLC Sponsored ADR Com 83175M205 401 11,015 SH   SOLE 0 0 0 11,015
Snap-On Inc. Com 833034101 313 2,103 SH   SOLE 0 0 0 2,103
Starbucks Corp Com 855244109 1,955 36,406 SH   SOLE 0 0 0 36,406
State Street Corp. Com 857477103 336 3,519 SH   SOLE 0 31 0 3,488
Sterling Bancorp Com 85917A100 240 9,726 SH   SOLE 0 0 0 9,726
Sumitomo Mitsui Finl Group ADR Com 86562M209 333 43,166 SH   SOLE 0 0 0 43,166
Summit Hotel Properties Com 866082100 243 15,167 SH   SOLE 0 0 0 15,167
Synopsys Inc. Com 871607107 439 5,455 SH   SOLE 0 0 0 5,455
ADR Tata Mtrs Ltd Sponsored ADR Com 876568502 240 7,667 SH   SOLE 0 0 0 7,667
Texas Instruments Inc Com 882508104 769 8,577 SH   SOLE 0 73 0 8,504
Texas Roadhouse Inc Com Com 882681109 366 7,458 SH   SOLE 0 0 0 7,458
Thermo Fisher Scientific, Inc. Com 883556102 604 3,195 SH   SOLE 0 27 0 3,168
3M Company Com 88579Y101 1,053 5,019 SH   SOLE 0 12 0 5,007
Total SA Adr Com 89151E109 223 4,166 SH   SOLE 0 0 0 4,166
Travelers Cos Inc. Com 89417E109 1,126 9,193 SH   SOLE 0 58 0 9,135
Trustco Bank Corp NY Com 898349105 118 13,241 SH   SOLE 0 0 0 13,241
US Bancorp Del New Com 902973304 1,231 22,969 SH   SOLE 0 199 0 22,770
Unilever Nv New York Shs New Com 904784709 357 6,040 SH   SOLE 0 0 0 6,040
Union Pacific Corp Com 907818108 1,318 11,364 SH   SOLE 0 89 0 11,275
United Fire Group Inc Com Com 910340108 291 6,347 SH   SOLE 0 0 0 6,347
United Technologies Corp Com 913017109 991 8,534 SH   SOLE 0 67 0 8,467
Universal Display Corp Com 91347P105 308 2,394 SH   SOLE 0 0 0 2,394
Vanguard Ultra Short Term Bond Admiral Com 922031711 1,136 56,723 SH   SOLE 0 0 0 56,723
Visa Com 92826C839 3,547 33,708 SH   SOLE 0 0 0 33,708
Wabco Hldgs Inc Com 92927K102 414 2,797 SH   SOLE 0 0 0 2,797
Washington Federal Svgs & & Loan Assoc-Seat Com 938824109 207 6,146 SH   SOLE 0 0 0 6,146
Wells Fargo & Company Com 949746101 1,605 29,102 SH   SOLE 0 169 0 28,933
Welltower Inc - REIT Com 95040Q104 374 5,325 SH   SOLE 0 0 0 5,325
Williams Sonoma Inc Com Com 969904101 200 4,019 SH   SOLE 0 0 0 4,019
Xcel Energy Inc Com 98389B100 896 18,931 SH   SOLE 0 139 0 18,792
Xcerra Corp Com 98400J108 159 16,189 SH   SOLE 0 0 0 16,189
Allegion PLC Com G0176J109 340 3,937 SH   SOLE 0 0 0 3,937
Amdocs Limited Com G02602103 294 4,578 SH   SOLE 0 24 0 4,554
AON Plc Com Com G0408V102 827 5,661 SH   SOLE 0 49 0 5,612
Accenture PLC Com G1151C101 3,610 26,725 SH   SOLE 0 97 0 26,628
Delphi Automotive PLC Com G27823106 800 8,131 SH   SOLE 0 71 0 8,060
Eaton Corp PLC Com G29183103 740 9,634 SH   SOLE 0 505 0 9,129
Fabrinet Com G3323L100 318 8,592 SH   SOLE 0 0 0 8,592
Genpact Limited Com G3922B107 377 13,099 SH   SOLE 0 0 0 13,099
Johnson Ctls Intl Plc Com G51502105 1,200 29,777 SH   SOLE 0 204 0 29,573
Medtronic PLC Com G5960L103 1,290 16,593 SH   SOLE 0 143 0 16,450
STERIS PLC SHS USD Com G84720104 306 3,465 SH   SOLE 0 0 0 3,465
Chubb Limited Com H1467J104 1,703 11,949 SH   SOLE 0 79 0 11,870
CaeserStone Ltd Com M20598104 211 7,096 SH   SOLE 0 0 0 7,096
Orbotech Ltd Ord Com M75253100 395 9,348 SH   SOLE 0 0 0 9,348
AerCap Holdings NV Com N00985106 362 7,082 SH   SOLE 0 0 0 7,082
Soper Company Common Com SOPCOM993 5,409 303 SH   SOLE 0 68 0 235
Soper-Wheeler CO. LLC Com SOPLLC998 233 30,319 SH   SOLE 0 6,804 0 23,515