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 Company COM 88579Y101 499 3,034 SH   SOLE   3,034 0 0
ADT Corporation COM 00101j106 266 7,350 SH   SOLE   7,350 0 0
AIG Warrants Expire 1/19/2021 COM 026874156 683 27,726 SH   SOLE   27,726 0 0
AT&T, Inc. COM 00206R102 1,149 34,208 SH   SOLE   34,208 0 0
Aetna Inc New COM 00817Y108 382 4,301 SH   SOLE   4,301 0 0
Agilent Technologies Inc COM 00846U101 227 5,536 SH   SOLE   5,536 0 0
Alcatel-Lucent (ADR) COM 013904305 191 53,926 SH   SOLE   53,926 0 0
Altria Group Inc COM 02209S103 253 5,135 SH   SOLE   5,135 0 0
Amazon.com, Inc. COM 023135106 327 1,054 SH   SOLE   1,054 0 0
American Express Company COM 025816109 1,493 16,050 SH   SOLE   16,050 0 0
American International Group N COM 026874784 1,777 31,734 SH   SOLE   31,734 0 0
Amgen Inc. COM 031162100 635 3,986 SH   SOLE   3,986 0 0
Apple Inc COM 037833100 3,347 30,321 SH   SOLE   30,321 0 0
Applied Materials Inc COM 038222105 351 14,100 SH   SOLE   14,100 0 0
Avis Budget Group Inc COM 053774105 593 8,940 SH   SOLE   8,940 0 0
Banco Santander, S.A. (ADR) COM 05964h105 534 64,087 SH   SOLE   64,087 0 0
Bank of America Corp COM 060505104 3,339 186,653 SH   SOLE   186,653 0 0
Becton Dickinson & Co COM 075887109 626 4,497 SH   SOLE   4,497 0 0
Berkshire Hathaway Cl B COM 084670702 1,384 9,215 SH   SOLE   9,215 0 0
Berkshire Hathaway Inc. 1/100t COM 084670108 226 100 SH   SOLE   100 0 0
Blackstone Group LP COM 09253U108 3,247 95,975 SH   SOLE   95,975 0 0
Boeing Co COM 097023105 783 6,025 SH   SOLE   6,025 0 0
Bristol-Myers Squibb Co. COM 110122108 1,127 19,100 SH   SOLE   19,100 0 0
CBS Corp Cl B New COM 124857202 293 5,290 SH   SOLE   5,290 0 0
CVS Caremark Corp COM 126650100 621 6,450 SH   SOLE   6,450 0 0
Carlyle Group COM 14309l102 1,974 71,800 SH   SOLE   71,800 0 0
Caterpillar Inc COM 149123101 576 6,295 SH   SOLE   6,295 0 0
Charles Schwab Corp. COM 808513105 1,472 48,746 SH   SOLE   48,746 0 0
Chesapeake Energy Corp COM 165167107 1,305 66,700 SH   SOLE   66,700 0 0
Chevron Corp COM 166764100 670 5,975 SH   SOLE   5,975 0 0
Cisco Systems Inc COM 17275R102 1,760 63,267 SH   SOLE   63,267 0 0
Citigroup Inc COM 172967424 2,283 42,189 SH   SOLE   42,189 0 0
Coach Inc COM 189754104 42,473 1,130,809 SH   SOLE   1,130,809 0 0
Coca-Cola Co. COM 191216100 256 6,069 SH   SOLE   6,069 0 0
Comcast Corp New Cl A COM 20030N101 2,172 37,434 SH   SOLE   37,434 0 0
ConocoPhillips COM 20825C104 914 13,235 SH   SOLE   13,235 0 0
Corning Inc COM 219350105 243 10,600 SH   SOLE   10,600 0 0
Costco Wholesale Corp New COM 22160K105 1,303 9,195 SH   SOLE   9,195 0 0
Covidien Plc F COM g2554f113 899 8,794 SH   SOLE   8,794 0 0
DIRECTV Cl A COM 25490a309 635 7,319 SH   SOLE   7,319 0 0
Diageo Plc New (ADR) COM 25243Q205 268 2,350 SH   SOLE   2,350 0 0
Discovery Communications Ser A COM 25470F104 205 5,954 SH   SOLE   5,954 0 0
Discovery Communications Ser C COM 25470F302 617 18,312 SH   SOLE   18,312 0 0
Dow Chemical Company COM 260543103 209 4,580 SH   SOLE   4,580 0 0
EMC Corp. COM 268648102 1,076 36,190 SH   SOLE   36,190 0 0
Exxon Mobil Corp COM 30231G102 792 8,565 SH   SOLE   8,565 0 0
FedEx Corp. COM 31428X106 2,087 12,015 SH   SOLE   12,015 0 0
Federal Realty Investment Trus COM 313747206 317 2,375 SH   SOLE   2,375 0 0
General Electric Company COM 369604103 3,676 145,456 SH   SOLE   145,456 0 0
GlaxoSmithKline Plc (ADR) COM 37733W105 513 12,007 SH   SOLE   12,007 0 0
Goldman Sachs Group Inc COM 38141G104 369 1,905 SH   SOLE   1,905 0 0
Google Inc Cl A COM 38259P508 231 436 SH   SOLE   436 0 0
Google Inc Cl C COM 38259P706 252 479 SH   SOLE   479 0 0
HSBC Hldgs PLC (ADR)New COM 404280406 314 6,641 SH   SOLE   6,641 0 0
Hewlett-Packard Company COM 428236103 2,886 71,917 SH   SOLE   71,917 0 0
Home Depot Inc COM 437076102 2,667 25,410 SH   SOLE   25,410 0 0
Honda Motor Co Ltd (ADR) COM 438128308 263 8,918 SH   SOLE   8,918 0 0
Honeywell International COM 438516106 1,383 13,837 SH   SOLE   13,837 0 0
Host Hotels & Resorts, Inc. COM 44107P104 825 34,698 SH   SOLE   34,698 0 0
Humana Inc COM 444859102 553 3,850 SH   SOLE   3,850 0 0
Intel Corp COM 458140100 2,478 68,271 SH   SOLE   68,271 0 0
International Bancshares Corp. COM 459044103 13,682 515,525 SH   SOLE   515,525 0 0
International Business Machine COM 459200101 1,246 7,765 SH   SOLE   7,765 0 0
JP Morgan Warrants Exp. 10/28/ COM 46634e114 555 26,700 SH   SOLE   26,700 0 0
JPMorgan Chase & Co COM 46625H100 2,197 35,114 SH   SOLE   35,114 0 0
Johnson & Johnson COM 478160104 1,560 14,914 SH   SOLE   14,914 0 0
KKR & Co. LP Del Com Units COM 48248m102 1,565 67,425 SH   SOLE   67,425 0 0
Koninklijke Philips Electronic COM 500472303 1,099 37,895 SH   SOLE   37,895 0 0
Lands' End Inc. COM 51509f105 234 4,328 SH   SOLE   4,328 0 0
Level 3 Communications COM 52729n308 477 9,664 SH   SOLE   9,664 0 0
Lockheed Martin Corp COM 539830109 895 4,650 SH   SOLE   4,650 0 0
Lowe's Companies, Inc. COM 548661107 953 13,850 SH   SOLE   13,850 0 0
Marsh & McLennan Companies, In COM 571748102 507 8,850 SH   SOLE   8,850 0 0
McDonald's Corp. COM 580135101 1,248 13,320 SH   SOLE   13,320 0 0
McKesson Corp. COM 58155Q103 535 2,578 SH   SOLE   2,578 0 0
Merck & Co Inc New COM 58933Y105 416 7,333 SH   SOLE   7,333 0 0
Microsoft Corp COM 594918104 2,546 54,811 SH   SOLE   54,811 0 0
Monsanto Company COM 61166W101 551 4,610 SH   SOLE   4,610 0 0
Morgan Stanley COM 617446448 296 7,640 SH   SOLE   7,640 0 0
Movado Group Inc. COM 624580106 284 10,000 SH   SOLE   10,000 0 0
Mylan Inc COM 628530107 203 3,600 SH   SOLE   3,600 0 0
Newmont Mining Corp COM 651639106 192 10,150 SH   SOLE   10,150 0 0
Nike Inc Cl B COM 654106103 272 2,826 SH   SOLE   2,826 0 0
Nokia Corp (ADR) COM 654902204 112 14,198 SH   SOLE   14,198 0 0
Novartis AG (ADR) COM 66987V109 407 4,395 SH   SOLE   4,395 0 0
Oracle Corp COM 68389X105 2,352 52,300 SH   SOLE   52,300 0 0
PNC Financial Services Group, COM 693475105 319 3,500 SH   SOLE   3,500 0 0
Pepsico, Inc. COM 713448108 524 5,545 SH   SOLE   5,545 0 0
Petroleo Brasileiro SA (ADR) COM 71654V408 108 14,800 SH   SOLE   14,800 0 0
Pfizer, Inc. COM 717081103 1,737 55,769 SH   SOLE   55,769 0 0
Philip Morris International In COM 718172109 528 6,478 SH   SOLE   6,478 0 0
Potash Corporation of Saskatch COM 73755L107 290 8,200 SH   SOLE   8,200 0 0
Procter & Gamble COM 742718109 2,003 21,993 SH   SOLE   21,993 0 0
Qualcomm Inc COM 747525103 847 11,400 SH   SOLE   11,400 0 0
SAP AG (ADR) COM 803054204 593 8,509 SH   SOLE   8,509 0 0
Sanofi Aventis (ADR) COM 80105N105 304 6,665 SH   SOLE   6,665 0 0
Schlumberger Ltd F COM 806857108 358 4,196 SH   SOLE   4,196 0 0
Sony Corp. (ADR) COM 835699307 923 45,108 SH   SOLE   45,108 0 0
State Street Corp COM 857477103 290 3,700 SH   SOLE   3,700 0 0
TE Connectivity Ltd. F COM h84989104 982 15,525 SH   SOLE   15,525 0 0
Telefonica SA (ADR) COM 879382208 913 64,277 SH   SOLE   64,277 0 0
Teva Pharmaceutical Industries COM 881624209 1,944 33,797 SH   SOLE   33,797 0 0
The Walt Disney Co. COM 254687106 1,717 18,224 SH   SOLE   18,224 0 0
Thermo Fisher Scientific COM 883556102 420 3,350 SH   SOLE   3,350 0 0
Time Warner, Inc. COM 887317303 1,985 23,242 SH   SOLE   23,242 0 0
Toyota Motor Corp. (ADR) COM 892331307 506 4,030 SH   SOLE   4,030 0 0
Twenty-First Century Fox Inc. COM 90130a200 221 6,000 SH   SOLE   6,000 0 0
Tyco International PLC Shares COM g91442106 559 12,745 SH   SOLE   12,745 0 0
UBS Group CHF0.10 COM H42097107 909 53,300 SH   SOLE   53,300 0 0
United Technologies Corp COM 913017109 507 4,411 SH   SOLE   4,411 0 0
UnitedHealth Group, Inc. COM 91324P102 3,058 30,253 SH   SOLE   30,253 0 0
Vale S.A. American Depositary COM 91912e105 227 27,700 SH   SOLE   27,700 0 0
Verizon Communications COM 92343V104 698 14,917 SH   SOLE   14,917 0 0
Viacom Inc Cl B New COM 92553P201 776 10,308 SH   SOLE   10,308 0 0
Visa, Inc. Cl A COM 92826C839 347 1,325 SH   SOLE   1,325 0 0
Vishay Intertechnology COM 928298108 429 30,290 SH   SOLE   30,290 0 0
WPP Plc (ADR) COM 92937A102 282 2,709 SH   SOLE   2,709 0 0
Wal-Mart Stores Inc COM 931142103 578 6,734 SH   SOLE   6,734 0 0
Waste Management Inc. COM 94106L109 308 6,000 SH   SOLE   6,000 0 0
Wells Fargo & Co New COM 949746101 1,990 36,302 SH   SOLE   36,302 0 0
Whole Foods Market Inc COM 966837106 252 5,000 SH   SOLE   5,000 0 0
Yahoo! Inc. COM 984332106 717 14,190 SH   SOLE   14,190 0 0
Yum! Brands, Inc. COM 988498101 1,356 18,614 SH   SOLE   18,614 0 0
eBay, Inc. COM 278642103 1,514 26,975 SH   SOLE   26,975 0 0
DB X-Trackers MSCI Europe UCIT COM 233051853 720 12,750 SH   SOLE   12,750 0 0
Direxion Daily Financial Bull COM 25459y694 381 3,000 SH   SOLE   3,000 0 0
Energy Select Sector SPDR COM 81369Y506 663 8,375 SH   SOLE   8,375 0 0
Financial Select Sector SPDR COM 81369Y605 606 24,500 SH   SOLE   24,500 0 0
First Trust ISE-Revere Natural COM 33734j102 7,096 632,968 SH   SOLE   632,968 0 0
Global X Silver Miners ETF COM 37950E853 2,377 256,675 SH   SOLE   256,675 0 0
Health Care Sector Select SPDR COM 81369Y209 376 5,500 SH   SOLE   5,500 0 0
IShares S&P Global Technology COM 464287291 4,594 48,415 SH   SOLE   48,415 0 0
Industrial Select Sector SPDR COM 81369y704 416 7,350 SH   SOLE   7,350 0 0
Market Vectors Gold Miners ETF COM 57060u100 1,027 55,900 SH   SOLE   55,900 0 0
Mexico Fund Inc COM 592835102 250 12,004 SH   SOLE   12,004 0 0
PowerShares Global Listed Priv COM 73935x195 302 27,500 SH   SOLE   27,500 0 0
PowerShares KBW Bank ETF COM 73937b746 7,475 195,634 SH   SOLE   195,634 0 0
PowerShares KBW Regional Banki COM 73937b712 1,463 36,575 SH   SOLE   36,575 0 0
PowerShares Water Resources COM 73935X575 366 14,200 SH   SOLE   14,200 0 0
Powershares QQQ Trust Series 1 COM 73935A104 12,312 119,246 SH   SOLE   119,246 0 0
ProShares Ultra Pro S&P500 COM 74347x864 398 3,000 SH   SOLE   3,000 0 0
Royce Value Trust Inc COM 780910105 220 15,364 SH   SOLE   15,364 0 0
SPDR DJ Euro Stoxx 50 ETF COM 78463x202 276 7,500 SH   SOLE   7,500 0 0
SPDR Dow Jones Global Real Est COM 78463x749 321 6,725 SH   SOLE   6,725 0 0
SPDR Dow Jones Industrial Aver COM 78467x109 600 3,375 SH   SOLE   3,375 0 0
SPDR KBW Bank ETF COM 78464A797 393 11,725 SH   SOLE   11,725 0 0
SPDR KBW Regional Banking ETF COM 78464A698 692 17,000 SH   SOLE   17,000 0 0
SPDR S&P 500 Index ETF COM 78462F103 319 1,550 SH   SOLE   1,550 0 0
SPDR S&P Homebuilders ETF COM 78464a888 965 28,290 SH   SOLE   28,290 0 0
SPDR S&P Metals & Mining ETF COM 78464A755 343 11,100 SH   SOLE   11,100 0 0
SPDR S&P Oil & Gas Explor & Pr COM 78464A730 1,075 22,470 SH   SOLE   22,470 0 0
Schwab Fundamental Intl. Large COM 808524755 318 12,390 SH   SOLE   12,390 0 0
Schwab Fundamental US Broad Mk COM 808524789 993 32,982 SH   SOLE   32,982 0 0
Swiss Helvetia Fund COM 870875101 136 12,227 SH   SOLE   12,227 0 0
Technology Select Sector SPDR COM 81369Y803 388 9,388 SH   SOLE   9,388 0 0
Vanguard Emerging Markets ETF COM 922042858 1,185 29,615 SH   SOLE   29,615 0 0
Vanguard European ETF COM 922042874 355 6,775 SH   SOLE   6,775 0 0
Vanguard Extended Market Index COM 922908652 1,896 21,593 SH   SOLE   21,593 0 0
Vanguard FTSE All World Ex-US COM 922042775 1,749 37,330 SH   SOLE   37,330 0 0
Vanguard Financials ETF COM 92204A405 1,898 38,191 SH   SOLE   38,191 0 0
Vanguard Growth ETF COM 922908736 662 6,346 SH   SOLE   6,346 0 0
Vanguard Mega Cap 300 Index ET COM 921910873 4,483 63,816 SH   SOLE   63,816 0 0
Vanguard MegaCap 300 Value Ind COM 921910840 1,572 25,900 SH   SOLE   25,900 0 0
Vanguard MegaCap300 Growth Ind COM 921910816 5,120 62,995 SH   SOLE   62,995 0 0
Vanguard Mid-Cap ETF COM 922908629 958 7,755 SH   SOLE   7,755 0 0
Vanguard Mid-Cap Growth ETF COM 922908538 867 8,530 SH   SOLE   8,530 0 0
Vanguard Mid-Cap Value ETF COM 922908512 1,076 12,030 SH   SOLE   12,030 0 0
Vanguard REIT ETF COM 922908553 448 5,530 SH   SOLE   5,530 0 0
Vanguard Small-Cap ETF COM 922908751 210 1,800 SH   SOLE   1,800 0 0
Vanguard Total World Stock ETF COM 922042742 202 3,368 SH   SOLE   3,368 0 0
Vanguard Value ETF COM 922908744 739 8,752 SH   SOLE   8,752 0 0
WisdomTree Dividend Ex-Financi COM 97717W406 321 4,185 SH   SOLE   4,185 0 0
WisdomTree Equity Income ETF COM 97717W208 277 4,500 SH   SOLE   4,500 0 0
WisdomTree Mid-Cap Dividend Fu COM 97717w505 209 2,500 SH   SOLE   2,500 0 0
iShares DJ US Home Constructio COM 464288752 6,817 263,401 SH   SOLE   263,401 0 0
iShares MSCI EAFE Value Index COM 464288877 204 4,000 SH   SOLE   4,000 0 0
iShares MSCI EMU Index Fund ET COM 464286608 283 7,800 SH   SOLE   7,800 0 0
iShares MSCI Emerging Markets COM 464287234 223 6,000 SH   SOLE   6,000 0 0
iShares MSCI Emerging Markets COM 464287234 275 7,400 SH   SOLE   7,400 0 0
iShares MSCI Japan Index ETF COM 464286848 494 43,980 SH   SOLE   43,980 0 0
iShares Russell 1000 Growth In COM 464287614 955 9,984 SH   SOLE   9,984 0 0
iShares Russell 1000 Value Ind COM 464287598 684 6,550 SH   SOLE   6,550 0 0
iShares Russell 2000 Index ETF COM 464287655 224 1,875 SH   SOLE   1,875 0 0
iShares Russell 2000 Value Ind COM 464287630 567 5,580 SH   SOLE   5,580 0 0
iShares Russell 3000 Index Fun COM 464287689 358 2,925 SH   SOLE   2,925 0 0
iShares Russell Midcap Growth COM 464287481 553 5,930 SH   SOLE   5,930 0 0
iShares Russell Midcap Value I COM 464287473 741 10,050 SH   SOLE   10,050 0 0
iShares S&P 100 Index ETF COM 464287101 1,260 13,850 SH   SOLE   13,850 0 0
iShares S&P Euro 350 Index Fun COM 464287861 327 7,700 SH   SOLE   7,700 0 0