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 219 27,906 SH   SOLE 0 0 0 27,906
AIA Group Ltd Com 001317205 265 7,757 SH   SOLE 0 0 0 7,757
AT&T Inc. Com 00206R102 442 11,376 SH   SOLE 0 0 0 11,376
Abbott Laboratories Com 002824100 461 8,083 SH   SOLE 0 0 0 8,083
Abbvie Inc Com 00287Y109 360 3,726 SH   SOLE 0 0 0 3,726
Adobe Sys Inc. Com 00724F101 3,309 18,883 SH   SOLE 0 0 0 18,883
Airbus Group Com 009279100 228 9,167 SH   SOLE 0 0 0 9,167
Align Technology Inc Com 016255101 1,663 7,484 SH   SOLE 0 0 0 7,484
Allscripts Healthcare Solutions Com 01988P108 172 11,851 SH   SOLE 0 0 0 11,851
Alphabet Inc Class C Com 02079K107 2,918 2,789 SH   SOLE 0 0 0 2,789
Alphabet Inc Class A Com 02079K305 1,265 1,201 SH   SOLE 0 0 0 1,201
Altria Group Inc Com 02209S103 481 6,739 SH   SOLE 0 0 0 6,739
ADR AMBEV SA Sponsored Com 02319V103 230 35,529 SH   SOLE 0 0 0 35,529
Amerco Com 023586100 215 569 SH   SOLE 0 0 0 569
American Eagle Outfitters Com 02553E106 290 15,449 SH   SOLE 0 0 0 15,449
Arcelormittal New Com 03938L203 290 8,961 SH   SOLE 0 0 0 8,961
Archer Daniels Midland Co Com 039483102 695 17,328 SH   SOLE 0 119 0 17,209
Astrazeneca Plc Adr Com 046353108 232 6,685 SH   SOLE 0 0 0 6,685
Automatic Data Processing Inc Com 053015103 2,412 20,583 SH   SOLE 0 0 0 20,583
Avery Dennison Corp Com 053611109 481 4,190 SH   SOLE 0 0 0 4,190
Axa SA Sponsored Adr Com 054536107 238 8,019 SH   SOLE 0 0 0 8,019
BB&T Corp Com 054937107 230 4,631 SH   SOLE 0 0 0 4,631
Bae Sys Plc Sponsored Adr Com 05523R107 210 6,777 SH   SOLE 0 0 0 6,777
BCE Inc New Com 05534B760 390 8,128 SH   SOLE 0 0 0 8,128
BHP Billiton Plc Com 05545E209 374 9,289 SH   SOLE 0 0 0 9,289
Baidu Inc Sponsored Adr Com 056752108 393 1,676 SH   SOLE 0 0 0 1,676
Banco Bilbao Vizcaya Argentaria SA Sponsored Com 05946K101 217 25,483 SH   SOLE 0 0 0 25,483
Barnes Group Inc. Com 067806109 340 5,378 SH   SOLE 0 0 0 5,378
Bayer Ag Sponsored Adr Com 072730302 218 6,984 SH   SOLE 0 0 0 6,984
Berkshire Hills Bancorp Inc Com 084680107 207 5,649 SH   SOLE 0 0 0 5,649
Boeing Co Com 097023105 436 1,477 SH   SOLE 0 0 0 1,477
BrandyWine Realty Com 105368203 186 10,248 SH   SOLE 0 0 0 10,248
British Amern Tob Plc Sponsored Adr Com 110448107 506 7,560 SH   SOLE 0 0 0 7,560
Burlington Stores Inc Com 122017106 386 3,138 SH   SOLE 0 0 0 3,138
CIGNA Corporation Com 125509109 635 3,125 SH   SOLE 0 28 0 3,097
Ck Hutchison Hldgs Ltd Com 12562Y100 217 17,292 SH   SOLE 0 0 0 17,292
Cambrex Corp Com 132011107 298 6,198 SH   SOLE 0 0 0 6,198
Camden Ppty Tr Sh Ben Com 133131102 361 3,924 SH   SOLE 0 0 0 3,924
Canadian Nat Res Ltd Com 136385101 237 6,637 SH   SOLE 0 0 0 6,637
Carlsberg Sponsored ADR Com 142795202 246 10,241 SH   SOLE 0 0 0 10,241
Carrefour Com 144430204 204 47,158 SH   SOLE 0 0 0 47,158
Carter's Inc Com 146229109 417 3,551 SH   SOLE 0 0 0 3,551
Celgene Corp Com 151020104 1,632 15,639 SH   SOLE 0 0 0 15,639
Charles River Laboratories Com 159864107 343 3,133 SH   SOLE 0 0 0 3,133
Chevron Corporation Com 166764100 793 6,334 SH   SOLE 0 0 0 6,334
Church & Dwight Co., Inc. Com 171340102 344 6,859 SH   SOLE 0 0 0 6,859
Churchill Downs Inc Com Com 171484108 235 1,012 SH   SOLE 0 0 0 1,012
Cisco Systems Com 17275R102 658 17,193 SH   SOLE 0 0 0 17,193
Cintas Corp Com 172908105 435 2,791 SH   SOLE 0 0 0 2,791
Citigroup Inc Com New Com 172967424 1,690 22,712 SH   SOLE 0 186 0 22,526
Coca Cola Co Com 191216100 679 14,800 SH   SOLE 0 0 0 14,800
Cognex Corp Com 192422103 466 7,623 SH   SOLE 0 0 0 7,623
Coherent Inc Com 192479103 336 1,191 SH   SOLE 0 0 0 1,191
Cohu Inc. Com 192576106 203 9,227 SH   SOLE 0 0 0 9,227
Comcast Corp New Cl A Com 20030N101 1,107 27,636 SH   SOLE 0 258 0 27,378
Community Healthcare Tr Inc REIT Com 20369C106 200 7,133 SH   SOLE 0 0 0 7,133
ConocoPhillips Com 20825C104 385 7,005 SH   SOLE 0 0 0 7,005
Constellation Brands Inc Cl B Com 21036P207 228 1,000 SH   SOLE 0 0 0 1,000
Continental Building Products Inc Com 211171103 257 9,138 SH   SOLE 0 0 0 9,138
Cooper Cos Inc. Com 216648402 370 1,696 SH   SOLE 0 0 0 1,696
Copart Inc Com 217204106 341 7,888 SH   SOLE 0 0 0 7,888
Corning Inc. Com 219350105 276 8,630 SH   SOLE 0 0 0 8,630
Coty Inc Com 222070203 421 21,146 SH   SOLE 0 204 0 20,942
Curaegis Technologies Inc Com 23127Q102 4 14,900 SH   SOLE 0 0 0 14,900
Dbs Group Hldgs Ltd Sponsored Adr Com 23304Y100 271 3,639 SH   SOLE 0 0 0 3,639
DNB ASA Com 23328E106 217 11,646 SH   SOLE 0 0 0 11,646
DXC Technologies Co Com 23355L106 598 6,304 SH   SOLE 0 58 0 6,246
Danaher Corp Com 235851102 677 7,295 SH   SOLE 0 67 0 7,228
Deutsche Boerse Com 251542106 252 21,663 SH   SOLE 0 0 0 21,663
Diageo Plc New Adr Com 25243Q205 355 2,430 SH   SOLE 0 0 0 2,430
Dollar General Corp Com 256677105 1,329 14,292 SH   SOLE 0 0 0 14,292
Dover Corp Com 260003108 273 2,700 SH   SOLE 0 0 0 2,700
DowDuPont Inc Com 26078J100 433 6,085 SH   SOLE 0 0 0 6,085
Duke Energy Corp New Com 26441C204 865 10,285 SH   SOLE 0 95 0 10,190
EOG Resources Inc Com 26875P101 802 7,433 SH   SOLE 0 52 0 7,381
E.ON AG Com 268780103 232 21,353 SH   SOLE 0 0 0 21,353
Eastman Chemical Co. Com 277432100 322 3,478 SH   SOLE 0 0 0 3,478
Eaton Vance Floating Rate Class I Com 277911491 5,213 579,203 SH   SOLE 0 8,998 0 570,206
Engie Sponsored ADR Com 29286D105 247 14,377 SH   SOLE 0 0 0 14,377
Equifax Inc. Com 294429105 429 3,636 SH   SOLE 0 34 0 3,602
Essilor Int'l Spons ADR Com 297284200 236 3,424 SH   SOLE 0 0 0 3,424
Exxon-Mobil Corp Com 30231G102 706 8,439 SH   SOLE 0 0 0 8,439
FPA New Income Com 302544101 46,769 4,700,444 SH   SOLE 0 713,480 0 3,986,964
Facebook Com 30303M102 3,117 17,665 SH   SOLE 0 0 0 17,665
Factset Resh Sys Inc Com 303075105 391 2,026 SH   SOLE 0 0 0 2,026
Fast Retailing Co. Ltd Com 31188H101 254 6,377 SH   SOLE 0 0 0 6,377
Fidelity Natl Information Svcs Inc. Com 31620M106 843 8,961 SH   SOLE 0 82 0 8,879
First Ctzns Bancshares Inc Ncl A Com 31946M103 401 994 SH   SOLE 0 0 0 994
First Republic Bank Com 33616C100 403 4,652 SH   SOLE 0 0 0 4,652
Fiserv Inc. Com 337738108 524 3,994 SH   SOLE 0 36 0 3,958
Gartner Inc Com 366651107 1,478 11,999 SH   SOLE 0 0 0 11,999
General Electric Co. Com 369604103 617 35,356 SH   SOLE 0 192 0 35,164
General Mills Inc Com 370334104 787 13,276 SH   SOLE 0 122 0 13,154
Genuine Parts Co Com 372460105 227 2,385 SH   SOLE 0 0 0 2,385
Goldman Sachs Group Inc. Com 38141G104 1,351 5,302 SH   SOLE 0 49 0 5,253
HSBC Hldgs Plc Spons Adr New Com 404280406 525 10,165 SH   SOLE 0 0 0 10,165
Hasbro Inc Com 418056107 339 3,735 SH   SOLE 0 0 0 3,735
Healthsouth Corp. Com 421924309 317 6,406 SH   SOLE 0 0 0 6,406
Henry Jack & Assoc Inc Com 426281101 417 3,564 SH   SOLE 0 0 0 3,564
Honeywell Intl Inc Com 438516106 907 5,912 SH   SOLE 0 52 0 5,860
Hunt J B Trans Svcs Inc. Com 445658107 421 3,660 SH   SOLE 0 0 0 3,660
IPG Photonics Corp Com 44980X109 519 2,424 SH   SOLE 0 0 0 2,424
Illinois Tool Works Inc Com 452308109 471 2,824 SH   SOLE 0 24 0 2,800
Intel Corp. Com 458140100 303 6,563 SH   SOLE 0 0 0 6,563
Intl Business Machines Corp Com 459200101 725 4,726 SH   SOLE 0 0 0 4,726
Intl Flavors & Fragrances Inc Com 459506101 395 2,588 SH   SOLE 0 0 0 2,588
ADR Intesa SanPaolo SPA Com 46115H107 222 11,143 SH   SOLE 0 0 0 11,143
JP Morgan Chase & Co Com 46625H100 3,073 28,733 SH   SOLE 0 187 0 28,546
Johnson & Johnson Com 478160104 3,287 23,523 SH   SOLE 0 119 0 23,404
Julius Baer Group LTD-UN ADR Com 48137C108 242 19,823 SH   SOLE 0 0 0 19,823
KVH Inds Inc Com 482738101 133 12,815 SH   SOLE 0 0 0 12,815
Kimberly Clark Corp Com 494368103 268 2,219 SH   SOLE 0 0 0 2,219
Komatsu Ltd Spon Adr New Com 500458401 254 7,018 SH   SOLE 0 0 0 7,018
LCI Industries Com 50189K103 284 2,185 SH   SOLE 0 0 0 2,185
LSI Industries Inc Com 50216C108 73 10,580 SH   SOLE 0 0 0 10,580
Lazard Emerging Mkts Equity Port Instl Com 52106N889 7,207 359,972 SH   SOLE 0 25,715 0 334,258
Lennox International Inc. Com 526107107 438 2,102 SH   SOLE 0 0 0 2,102
Liberty Ppty Tr Sh Ben Com 531172104 239 5,556 SH   SOLE 0 0 0 5,556
Lilly Eli & Co Com 532457108 249 2,943 SH   SOLE 0 0 0 2,943
Lloyds TSB Group plc Com 539439109 237 63,303 SH   SOLE 0 0 0 63,303
MFS International Value R6 Com 552746349 1,959 45,253 SH   SOLE 0 45,253 0 0
Masco Industries Inc Com 574599106 559 12,712 SH   SOLE 0 0 0 12,712
Mastercard Inc Cl A Com 57636Q104 998 6,591 SH   SOLE 0 0 0 6,591
McCormick & Co Inc Com 579780206 394 3,868 SH   SOLE 0 0 0 3,868
McKesson Corporation Com 58155Q103 568 3,639 SH   SOLE 0 34 0 3,605
Merck & Co Inc New Com 58933Y105 435 7,727 SH   SOLE 0 0 0 7,727
Metlife, Inc. Com 59156R108 1,244 24,613 SH   SOLE 0 110 0 24,503
Mettler-Toledo Intl Inc Com 592688105 435 702 SH   SOLE 0 0 0 702
Microsoft Corporation Com 594918104 2,444 28,574 SH   SOLE 0 0 0 28,574
Mitsubishi Estate Co Com 606783207 226 12,980 SH   SOLE 0 0 0 12,980
Federated Government Money Mkt Obligs Tr Com 60934N104 3,080 3,080,423 SH   SOLE 0 3,073,293 0 7,130
Monolithic Power Systems Com 609839105 422 3,754 SH   SOLE 0 0 0 3,754
Nasdaq Stk Mkt Inc Com 631103108 514 6,685 SH   SOLE 0 61 0 6,624
Nektar Therapeutics Com 640268108 261 4,366 SH   SOLE 0 0 0 4,366
Nestle Adr Com 641069406 2,533 29,451 SH   SOLE 0 97 0 29,354
NextEra Energy Inc Com 65339F101 465 2,979 SH   SOLE 0 0 0 2,979
Nike, Inc. Class B Com 654106103 2,337 37,360 SH   SOLE 0 0 0 37,360
Northrup Grumman Corp. Com 666807102 717 2,335 SH   SOLE 0 21 0 2,314
Novartis Ag Sponsored Adr Com 66987V109 287 3,420 SH   SOLE 0 0 0 3,420
O'Reilly Automotive Inc New Com Com 67103H107 1,911 7,944 SH   SOLE 0 0 0 7,944
Occidental Petroleum Com 674599105 592 8,034 SH   SOLE 0 49 0 7,985
On Assignment, Inc Com Com 682159108 257 4,005 SH   SOLE 0 0 0 4,005
Oracle Corporation Com 68389X105 2,378 50,304 SH   SOLE 0 0 0 50,304
Orange Com 684060106 221 12,686 SH   SOLE 0 0 0 12,686
Otsuka Holdings Co Com 689164101 211 9,594 SH   SOLE 0 0 0 9,594
PNC Financial Services Group Com 693475105 1,265 8,767 SH   SOLE 0 71 0 8,696
PPG Ind Inc Com 693506107 1,355 11,595 SH   SOLE 0 107 0 11,488
PVH Corp Com 693656100 389 2,836 SH   SOLE 0 0 0 2,836
ADR Panasonic Corp ADR Com 69832A205 349 23,856 SH   SOLE 0 0 0 23,856
Paychex Inc. Com 704326107 844 12,394 SH   SOLE 0 750 0 11,644
Pepsico Inc Com 713448108 1,504 12,538 SH   SOLE 0 61 0 12,477
Pfizer Inc. Com 717081103 1,848 51,009 SH   SOLE 0 266 0 50,743
Philip Morris Intl Inc Com 718172109 1,961 18,566 SH   SOLE 0 143 0 18,423
Pine Grove Alternative Instl FD Com 72255R101 952 947 SH   SOLE 0 0 0 947
Pool Corporation Com 73278L105 394 3,036 SH   SOLE 0 0 0 3,036
The Priceline Group Inc Com 741503403 1,764 1,015 SH   SOLE 0 0 0 1,015
Procter & Gamble Co Com 742718109 610 6,635 SH   SOLE 0 0 0 6,635
Osterweis Strategic Income Fund Com 742935489 25,110 2,212,338 SH   SOLE 0 324,291 0 1,888,047
Raymond James Financial Inc. Com 754730109 432 4,840 SH   SOLE 0 0 0 4,840
Raytheon Co Com New Com 755111507 376 2,000 SH   SOLE 0 0 0 2,000
Regal Beloit Corp Com 758750103 218 2,848 SH   SOLE 0 0 0 2,848
Regeneron Pharmaceuticals Inc Com 75886F107 1,532 4,076 SH   SOLE 0 0 0 4,076
Resmed Inc Com 761152107 403 4,755 SH   SOLE 0 0 0 4,755
Roche Holdings Ltd Adr Com 771195104 252 7,970 SH   SOLE 0 0 0 7,970
Koninklijke-Royal DSM NV ADR Com 780249108 269 11,243 SH   SOLE 0 0 0 11,243
Royal Dutch Shell Plc Adr Cl B Com 780259107 406 5,950 SH   SOLE 0 0 0 5,950
Royal Dutch Shell Plc Adr Cl A Com 780259206 442 6,620 SH   SOLE 0 0 0 6,620
Royal Kpn Adr Com 780641205 231 66,131 SH   SOLE 0 0 0 66,131
SS&C TECHNOLOGIES HLDGS INC COM Com 78467J100 342 8,459 SH   SOLE 0 0 0 8,459
Schein Henry Inc Com 806407102 279 3,993 SH   SOLE 0 0 0 3,993
Schlumberger Ltd Com 806857108 1,741 25,834 SH   SOLE 0 162 0 25,672
Secom Co Ltd ADR Com 813113206 230 12,194 SH   SOLE 0 0 0 12,194
Selective Ins Group Inc Com 816300107 335 5,700 SH   SOLE 0 0 0 5,700
Seven & I Hldgs Co Ltd Adr Com 81783H105 237 11,397 SH   SOLE 0 0 0 11,397
Smith & Nephew PLC Sponsored ADR Com 83175M205 376 10,743 SH   SOLE 0 0 0 10,743
Snap-On Inc. Com 833034101 364 2,089 SH   SOLE 0 0 0 2,089
Starbucks Corp Com 855244109 1,964 34,190 SH   SOLE 0 0 0 34,190
State Street Corp. Com 857477103 549 5,629 SH   SOLE 0 52 0 5,577
Sterling Bancorp Com 85917A100 235 9,544 SH   SOLE 0 0 0 9,544
Sumitomo Mitsui Finl Group ADR Com 86562M209 366 42,129 SH   SOLE 0 0 0 42,129
Summit Hotel Properties Com 866082100 222 14,596 SH   SOLE 0 0 0 14,596
Suntrust Bks Inc Com 867914103 351 5,438 SH   SOLE 0 0 0 5,438
Symantec Corp Com 871503108 209 7,456 SH   SOLE 0 0 0 7,456
Synopsys Inc. Com 871607107 442 5,183 SH   SOLE 0 0 0 5,183
ADR Tata Mtrs Ltd Sponsored ADR Com 876568502 243 7,353 SH   SOLE 0 0 0 7,353
Texas Instruments Inc Com 882508104 892 8,538 SH   SOLE 0 73 0 8,465
Texas Roadhouse Inc Com Com 882681109 379 7,199 SH   SOLE 0 0 0 7,199
Thermo Fisher Scientific, Inc. Com 883556102 569 2,999 SH   SOLE 0 27 0 2,972
3M Company Com 88579Y101 853 3,624 SH   SOLE 0 0 0 3,624
Toray Industries Com 890880206 208 11,023 SH   SOLE 0 0 0 11,023
Total SA Adr Com 89151E109 226 4,087 SH   SOLE 0 0 0 4,087
Travelers Cos Inc. Com 89417E109 1,183 8,718 SH   SOLE 0 58 0 8,660
Trustco Bank Corp NY Com 898349105 116 12,647 SH   SOLE 0 0 0 12,647
US Bancorp Del New Com 902973304 1,160 21,650 SH   SOLE 0 199 0 21,451
Unilever Nv New York Shs New Com 904784709 320 5,690 SH   SOLE 0 0 0 5,690
Union Pacific Corp Com 907818108 1,075 8,018 SH   SOLE 0 73 0 7,945
United Financial Bancorp, Inc Com 910304104 226 12,798 SH   SOLE 0 0 0 12,798
United Fire Group Inc Com Com 910340108 277 6,082 SH   SOLE 0 0 0 6,082
United Technologies Corp Com 913017109 1,026 8,039 SH   SOLE 0 67 0 7,972
Universal Display Corp Com 91347P105 256 1,480 SH   SOLE 0 0 0 1,480
Vanguard Ultra Short Term Bond Admiral Com 922031711 1,128 56,507 SH   SOLE 0 0 0 56,507
Visa Com 92826C839 2,735 23,988 SH   SOLE 0 0 0 23,988
Wabco Hldgs Inc Com 92927K102 391 2,726 SH   SOLE 0 0 0 2,726
Washington Federal Svgs & & Loan Assoc-Seat Com 938824109 203 5,914 SH   SOLE 0 0 0 5,914
Wells Fargo & Company Com 949746101 1,676 27,617 SH   SOLE 0 169 0 27,448
Welltower Inc - REIT Com 95040Q104 327 5,125 SH   SOLE 0 0 0 5,125
Xcel Energy Inc Com 98389B100 709 14,747 SH   SOLE 0 110 0 14,637
Xcerra Corp Com 98400J108 156 15,923 SH   SOLE 0 0 0 15,923
Zoetis Inc Com 98978V103 847 11,755 SH   SOLE 0 0 0 11,755
Allegion PLC Com G0176J109 300 3,774 SH   SOLE 0 0 0 3,774
AON Plc Com Com G0408V102 715 5,334 SH   SOLE 0 49 0 5,285
Accenture PLC Com G1151C101 3,841 25,092 SH   SOLE 0 97 0 24,995
Eaton Corp PLC Com G29183103 877 11,101 SH   SOLE 0 98 0 11,003
Fabrinet Com G3323L100 238 8,290 SH   SOLE 0 0 0 8,290
Genpact Limited Com G3922B107 401 12,646 SH   SOLE 0 0 0 12,646
Ingersoll-Rand PLC Com G47791101 515 5,777 SH   SOLE 0 49 0 5,728
Johnson Ctls Intl Plc Com G51502105 1,074 28,191 SH   SOLE 0 204 0 27,987
Medtronic PLC Com G5960L103 1,446 17,906 SH   SOLE 0 143 0 17,763
Aptiv Plc Com G6095L109 654 7,712 SH   SOLE 0 71 0 7,641
STERIS PLC SHS USD Com G84720104 290 3,317 SH   SOLE 0 0 0 3,317
Chubb Limited Com H1467J104 1,646 11,267 SH   SOLE 0 79 0 11,188
Orbotech Ltd Ord Com M75253100 458 9,109 SH   SOLE 0 0 0 9,109
AerCap Holdings NV Com N00985106 348 6,621 SH   SOLE 0 0 0 6,621
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