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 631 5,769 SH   SOLE   5,769 0 0
Abbott Laboratories COM 002824100 13,018 373,231 SH   SOLE   373,231 0 0
AbbVie, Inc. COM 00287Y109 1,068 25,825 SH   SOLE   25,825 0 0
Accenture PLC COM G1151C101 257 3,565 SH   SOLE   3,565 0 0
Actavis, Inc. COM 00507K103 18,573 147,150 SH   SOLE   147,150 0 0
Aflac Inc. COM 001055102 14,343 246,776 SH   SOLE   246,776 0 0
Alkane, Inc. COM 01642L105 0 10,000 SH   SOLE   10,000 0 0
Altria Group Inc. COM 02209S103 727 20,788 SH   SOLE   20,788 0 0
American Campus Communities COM 024835100 405 9,970 SH   SOLE   9,970 0 0
American Express Co. COM 025816109 364 4,870 SH   SOLE   4,870 0 0
Apple Inc. COM 037833100 12,449 31,394 SH   SOLE   31,394 0 0
Aqua America Corp. COM 03836W103 469 14,986 SH   SOLE   14,986 0 0
Arch Capital Group Ltd. COM G0450A105 200 3,900 SH   SOLE   3,900 0 0
Arthur J. Gallagher & Co. COM 363576109 997 22,830 SH   SOLE   22,830 0 0
AT&T Inc. COM 00206R102 4,916 138,883 SH   SOLE   138,883 0 0
Bank of America Corp. COM 060505104 201 15,635 SH   SOLE   15,635 0 0
Bard (C.R.) Company, Inc. COM 067383109 209 1,920 SH   SOLE   1,920 0 0
BB&T Corporation COM 054937107 2,452 72,386 SH   SOLE   72,386 0 0
Berkshire Hathaway, Inc.- CL B COM 084670702 2,811 25,112 SH   SOLE   25,112 0 0
Boardwalk Pipeline Partners, L COM 096627104 516 17,080 SH   SOLE   17,080 0 0
Bristol Myers Squibb, Inc. COM 110122108 1,169 26,163 SH   SOLE   26,163 0 0
Buckeye Partners UTS Limited P COM 118230101 730 10,400 SH   SOLE   10,400 0 0
Catamaran Corporation COM 148887102 17,648 361,935 SH   SOLE   361,935 0 0
Caterpillar Inc. COM 149123101 610 7,394 SH   SOLE   7,394 0 0
CenturyLink, Inc. COM 156700106 1,763 49,875 SH   SOLE   49,875 0 0
Chevron Corp. COM 166764100 2,765 23,368 SH   SOLE   23,368 0 0
Chipotle Mexican Grill Inc. COM 169656105 19,180 52,642 SH   SOLE   52,642 0 0
Cincinnati Financial Corporati COM 172062101 983 21,415 SH   SOLE   21,415 0 0
Cisco Systems, Inc. COM 17275R102 374 15,353 SH   SOLE   15,353 0 0
Coca-Cola Co. COM 191216100 1,952 48,654 SH   SOLE   48,654 0 0
Colgate Palmolive Co. COM 194162103 722 12,594 SH   SOLE   12,594 0 0
ConocoPhillips COM 20825C104 4,626 76,458 SH   SOLE   76,458 0 0
Consolidated Edison Co., Inc. COM 209115104 460 7,881 SH   SOLE   7,881 0 0
Corporate Office Properties Tr COM 22002T108 3,299 129,390 SH   SOLE   129,390 0 0
Costco Wholesale Corp. COM 22160K105 470 4,251 SH   SOLE   4,251 0 0
Covidien PLC - F COM G2554F113 207 3,301 SH   SOLE   3,301 0 0
Cummins Inc. COM 231021106 9,534 87,902 SH   SOLE   87,902 0 0
CVS Caremark Corp. COM 126650100 1,062 18,572 SH   SOLE   18,572 0 0
Danaher Corp. COM 235851102 694 10,958 SH   SOLE   10,958 0 0
Deere & Co., Inc. COM 244199105 10,544 129,778 SH   SOLE   129,778 0 0
Dominion Resources, Inc. COM 25746U109 1,573 27,689 SH   SOLE   27,689 0 0
DTE Energy Co. COM 233331107 201 3,000 SH   SOLE   3,000 0 0
Duke Energy Corp. COM 26441C204 3,537 52,400 SH   SOLE   52,400 0 0
Dupont Co., Inc. COM 263534109 2,216 42,203 SH   SOLE   42,203 0 0
eBay, Inc. COM 278642103 10,561 204,201 SH   SOLE   204,201 0 0
Eli Lilly & Co. COM 532457108 1,544 31,438 SH   SOLE   31,438 0 0
EMC Corp. COM 268648102 219 9,275 SH   SOLE   9,275 0 0
Empire District Electric Co. COM 291641108 357 16,000 SH   SOLE   16,000 0 0
Enbridge Energy Partners, LP COM 29250R106 2,721 89,252 SH   SOLE   89,252 0 0
Enterprise Products Partners L COM 293792107 2,024 32,559 SH   SOLE   32,559 0 0
Exelon Corporation COM 30161N101 299 9,682 SH   SOLE   9,682 0 0
Express Scripts Holding Compan COM 30219G108 24,579 398,107 SH   SOLE   398,107 0 0
Exxon Mobil Corp. COM 30231G102 20,403 225,818 SH   SOLE   225,818 0 0
Federal Realty Investment Trus COM 313747206 260 2,505 SH   SOLE   2,505 0 0
FelCor Lodging Trust Incorpora COM 31430F101 59 10,000 SH   SOLE   10,000 0 0
Foot Locker Inc. COM 344849104 256 7,280 SH   SOLE   7,280 0 0
Ford Motor Corp. COM 345370860 450 29,108 SH   SOLE   29,108 0 0
Frontier Communications COM 35906A108 76 18,751 SH   SOLE   18,751 0 0
General Electric Co., Inc. COM 369604103 16,903 728,903 SH   SOLE   728,903 0 0
GlaxoSmithKline PLC COM 37733W105 234 4,674 SH   SOLE   4,674 0 0
Glimcher Realty Trust REIT COM 379302102 109 10,000 SH   SOLE   10,000 0 0
Google Inc. COM 38259P508 12,399 14,084 SH   SOLE   14,084 0 0
HCP, Inc. COM 40414L109 3,913 86,120 SH   SOLE   86,120 0 0
Health Care Reit Inc. COM 42217K106 5,571 83,118 SH   SOLE   83,118 0 0
Healthcare Realty Trust Inc. COM 421946104 347 13,625 SH   SOLE   13,625 0 0
Home Depot, Inc. COM 437076102 1,348 17,402 SH   SOLE   17,402 0 0
Home Properties, Inc. COM 437306103 1,159 17,735 SH   SOLE   17,735 0 0
Intel Corp. COM 458140100 12,240 505,142 SH   SOLE   505,142 0 0
Intl Business Machines, Corp. COM 459200101 2,316 12,120 SH   SOLE   12,120 0 0
Intuitive Surgical Inc. COM 46120E602 310 612 SH   SOLE   612 0 0
J P Morgan Chase & Co. COM 46625H100 1,516 28,716 SH   SOLE   28,716 0 0
Johnson & Johnson COM 478160104 3,189 37,138 SH   SOLE   37,138 0 0
Kimberly Clark Corp. COM 494368103 1,124 11,575 SH   SOLE   11,575 0 0
Kinder Morgan Energy Unit LTD COM 494550106 3,993 46,757 SH   SOLE   46,757 0 0
Kinder Morgan Inc. COM 49456B101 851 22,295 SH   SOLE   22,295 0 0
Kraft Foods Group COM 50076Q106 260 4,655 SH   SOLE   4,655 0 0
Las Vegas Sands Corp. COM 517834107 11,561 218,430 SH   SOLE   218,430 0 0
Lockheed Martin Corp. Inc. COM 539830109 209 1,924 SH   SOLE   1,924 0 0
Lowes Companies, Inc. COM 548661107 475 11,615 SH   SOLE   11,615 0 0
M & T Bank Corp. COM 55261F104 12,009 107,467 SH   SOLE   107,467 0 0
Marathon Oil Corp. COM 565849106 268 7,741 SH   SOLE   7,741 0 0
Marathon Petroleum Corporation COM 56585A102 252 3,540 SH   SOLE   3,540 0 0
Mastercard Incorporated COM 57636Q104 11,047 19,229 SH   SOLE   19,229 0 0
McCormick & Co., Inc. - Voting COM 579780107 7,347 104,217 SH   SOLE   104,217 0 0
McCormick & Company, Inc. COM 579780206 4,433 63,006 SH   SOLE   63,006 0 0
McDonald's Corp., Inc. COM 580135101 1,543 15,582 SH   SOLE   15,582 0 0
Medtronic, Inc. COM 585055106 795 15,447 SH   SOLE   15,447 0 0
Merck & Co., Inc. COM 58933Y105 1,397 30,074 SH   SOLE   30,074 0 0
Microsoft Corp. COM 594918104 13,359 386,716 SH   SOLE   386,716 0 0
Mondelez Int'l. Inc. COM 609207105 297 10,418 SH   SOLE   10,418 0 0
NextEra Energy COM 65339F101 1,055 12,945 SH   SOLE   12,945 0 0
NII Holdings Inc. COM 62913F201 201 30,200 SH   SOLE   30,200 0 0
Occidental Petroleum Corp., In COM 674599105 270 3,025 SH   SOLE   3,025 0 0
Oceaneering Intl Inc. COM 675232102 296 4,100 SH   SOLE   4,100 0 0
Omega Healthcare Invs REIT COM 681936100 989 31,875 SH   SOLE   31,875 0 0
Oracle Corp. COM 68389X105 421 13,725 SH   SOLE   13,725 0 0
Paychex, Inc. COM 704326107 219 6,000 SH   SOLE   6,000 0 0
Penn Virginia Resources Partne COM 693665101 219 8,015 SH   SOLE   8,015 0 0
Pepco Holdings COM 713291102 756 37,503 SH   SOLE   37,503 0 0
Pepsico, Inc. COM 713448108 13,941 170,447 SH   SOLE   170,447 0 0
Pfizer, Inc. COM 717081103 2,812 100,400 SH   SOLE   100,400 0 0
Philip Morris International In COM 718172109 1,180 13,619 SH   SOLE   13,619 0 0
Phillips 66 COM 718546104 309 5,243 SH   SOLE   5,243 0 0
Plum Creek Timber Co. REIT COM 729251108 505 10,825 SH   SOLE   10,825 0 0
PPL Corporation COM 69351T106 1,665 55,033 SH   SOLE   55,033 0 0
Procter & Gamble, Co. COM 742718109 13,700 177,945 SH   SOLE   177,945 0 0
Prologis REIT COM 74340W103 221 5,849 SH   SOLE   5,849 0 0
Qualcomm, Inc. COM 747525103 10,845 177,531 SH   SOLE   177,531 0 0
Rock-Tenn Company-CL A COM 772739207 1,192 11,931 SH   SOLE   11,931 0 0
Royal Dutch Shell COM 780259206 343 5,380 SH   SOLE   5,380 0 0
Sandy Spring Bancorp, Inc. COM 800363103 398 18,400 SH   SOLE   18,400 0 0
Schlumberger Inc. COM 806857108 769 10,729 SH   SOLE   10,729 0 0
Simon Property Group COM 828806109 325 2,058 SH   SOLE   2,058 0 0
Southern Company, Inc. COM 842587107 1,631 36,955 SH   SOLE   36,955 0 0
Suburban Propane Partners, L.P COM 864482104 921 19,825 SH   SOLE   19,825 0 0
T J X Cos Inc. COM 872540109 223 4,450 SH   SOLE   4,450 0 0
T.Rowe Price Group, Inc. COM 74144T108 1,219 16,652 SH   SOLE   16,652 0 0
Target Corp. COM 87612E106 217 3,150 SH   SOLE   3,150 0 0
Time Warner Cable COM 88732J207 632 5,617 SH   SOLE   5,617 0 0
Time Warner Inc. COM 887317303 1,425 24,641 SH   SOLE   24,641 0 0
U S Bancorp. COM 902973304 360 9,967 SH   SOLE   9,967 0 0
Under Armour, Inc. COM 904311107 13,647 228,549 SH   SOLE   228,549 0 0
United Therapeutics Corp. COM 91307C102 7,371 111,980 SH   SOLE   111,980 0 0
Universal Health Realty Income COM 91359E105 350 8,120 SH   SOLE   8,120 0 0
V.F. Corporation COM 918204108 18,647 96,587 SH   SOLE   96,587 0 0
Ventas, Inc. COM 92276F100 983 14,156 SH   SOLE   14,156 0 0
Verizon Communications COM 92343V104 5,024 99,805 SH   SOLE   99,805 0 0
W.W. Grainger, Inc. COM 384802104 221 875 SH   SOLE   875 0 0
Wal-Mart Company, Inc. COM 931142103 950 12,758 SH   SOLE   12,758 0 0
Walt Disney Company, Inc. COM 254687106 395 6,262 SH   SOLE   6,262 0 0
Washington REIT COM 939653101 4,356 161,882 SH   SOLE   161,882 0 0
Weingarten Realty Investors COM 948741103 427 13,875 SH   SOLE   13,875 0 0
Wells Fargo Inc. COM 949746101 1,113 26,975 SH   SOLE   26,975 0 0
Westar Energy, Inc. COM 95709T100 209 6,555 SH   SOLE   6,555 0 0
WGL Holdings, Inc. COM 92924F106 455 10,526 SH   SOLE   10,526 0 0
Whole Foods Market, Inc. COM 966837106 471 9,145 SH   SOLE   9,145 0 0
Yum Brands, Inc. COM 988498101 12,560 181,129 SH   SOLE   181,129 0 0
Aegon NV 7.25% PFD PFD N00927348 555 22,100 SH   SOLE   22,100 0 0
BG&E Cap Trust II 6.20% Prefer PFD 05541Q206 2,265 89,510 SH   SOLE   89,510 0 0
Goldman Sachs- Series B Pfd. 6 PFD 38141GCM4 260 10,400 SH   SOLE   10,400 0 0
Goldman Sachs Group, Inc. 6.12 PFD 38145X111 1,595 62,690 SH   SOLE   62,690 0 0
Hospitality Properties Trust- PFD 44106M607 324 12,695 SH   SOLE   12,695 0 0
JP Morgan Chase 6.70% due 4/2/ PFD 48125E207 1,249 49,265 SH   SOLE   49,265 0 0
Kimco Realty 6.90% PFD PFD 49446R828 266 10,450 SH   SOLE   10,450 0 0
Metlife Inc. 6.5% Pfd Non-cumu PFD 59156R603 1,833 72,525 SH   SOLE   72,525 0 0
Partnerre Ltd. 6.5% Perpetual PFD G68603409 851 33,805 SH   SOLE   33,805 0 0
Qwest Corporation 7.50% Notes PFD 74913G303 293 11,000 SH   SOLE   11,000 0 0
AGIC Conv & Income Fund ETF 018828103 650 70,850 SH   SOLE   70,850 0 0
Alerian MLP ETF ETF 00162Q866 6,703 375,501 SH   SOLE   375,501 0 0
Alliance Bernstein Global High ETF 01879R106 1,293 86,020 SH   SOLE   86,020 0 0
BlackRock Corporate High Yield ETF 09255P107 316 26,400 SH   SOLE   26,400 0 0
Calamos Cnv High Income Fund ETF 12811P108 345 27,850 SH   SOLE   27,850 0 0
Calamos Conv Opportunity Fund ETF 128117108 1,899 150,620 SH   SOLE   150,620 0 0
ClearBridge Energy MLP Fund In ETF 184692101 265 9,400 SH   SOLE   9,400 0 0
Diamonds Trust Series ETF 78467X109 417 2,810 SH   SOLE   2,810 0 0
Eaton Vance Income Fund of Bos ETF 277907101 580 98,239 SH   SOLE   98,239 0 0
Global X FTSE Greece 20 ETF ETF 37950E366 298 19,200 SH   SOLE   19,200 0 0
Global X SuperDividend ETF ETF 37950E549 705 32,925 SH   SOLE   32,925 0 0
iPath Dow Jones-AIG Commodity ETF 06738C778 1,196 32,785 SH   SOLE   32,785 0 0
iPath MSCI India Index (ETN) ETF 06739F291 237 4,425 SH   SOLE   4,425 0 0
iShares Dow Jones U.S. Healthc ETF 464287762 342 3,414 SH   SOLE   3,414 0 0
iShares Dow Jones US Consumer ETF 464287812 332 3,824 SH   SOLE   3,824 0 0
iShares FTSE/Xinhua China 25 I ETF 464287184 827 25,420 SH   SOLE   25,420 0 0
iShares iBoxx $ Invest Grade C ETF 464287242 919 8,084 SH   SOLE   8,084 0 0
iShares Inc. MSCI Turkey Fund ETF 464286715 490 8,255 SH   SOLE   8,255 0 0
iShares JPMorgan USD Emer Mkt ETF 464288281 384 3,504 SH   SOLE   3,504 0 0
iShares Mexico Index Fund ETF 464286822 235 3,600 SH   SOLE   3,600 0 0
iShares MSCI ACWI ex US Consum ETF 464289628 333 4,595 SH   SOLE   4,595 0 0
iShares MSCI ACWI ex US Health ETF 464289552 291 4,042 SH   SOLE   4,042 0 0
iShares MSCI BRIC Index ETF 464286657 691 20,290 SH   SOLE   20,290 0 0
iShares MSCI EAFE Index Fund ETF 464287465 3,474 60,625 SH   SOLE   60,625 0 0
iShares MSCI Emerging Markets ETF 464287234 1,344 34,920 SH   SOLE   34,920 0 0
iShares MSCI Hong Kong Index F ETF 464286871 316 17,235 SH   SOLE   17,235 0 0
iShares MSCI Japan Index Fund ETF 464286848 116 10,325 SH   SOLE   10,325 0 0
iShares MSCI Sweden Index (ETF ETF 464286756 488 16,375 SH   SOLE   16,375 0 0
iShares MSCI Thai Index Fund ETF 464286624 540 6,885 SH   SOLE   6,885 0 0
iShares Russell 1000 Growth ETF 464287614 851 11,700 SH   SOLE   11,700 0 0
iShares Russell 1000 Value ETF 464287598 200 2,390 SH   SOLE   2,390 0 0
iShares Russell 2000 Index Fun ETF 464287655 4,141 42,688 SH   SOLE   42,688 0 0
iShares Russell MidCap Index F ETF 464287499 751 5,781 SH   SOLE   5,781 0 0
iShares Russell Midcap Value I ETF 464287473 695 12,000 SH   SOLE   12,000 0 0
iShares TR Barclays Aggregate ETF 464287226 1,197 11,163 SH   SOLE   11,163 0 0
iShares Tr Dow Jones RE US Rea ETF 464287739 719 10,825 SH   SOLE   10,825 0 0
iShares Trust FTSE EPRA NAREIT ETF 464288489 516 16,474 SH   SOLE   16,474 0 0
iShares Trust Iboxx $ High Yie ETF 464288513 4,895 53,862 SH   SOLE   53,862 0 0
iShares Trust Russell 2000 Gro ETF 464287648 648 5,810 SH   SOLE   5,810 0 0
iShares Trust S&P 500 Index ETF 464287200 6,380 39,656 SH   SOLE   39,656 0 0
Kayne Anderson Energy Total Re ETF 48660P104 227 7,600 SH   SOLE   7,600 0 0
Kayne Anderson MLP Investment ETF 486606106 1,034 26,590 SH   SOLE   26,590 0 0
Laudus Mondrian Emerging Marke ETF 51855Q622 112 12,753 SH   SOLE   12,753 0 0
MFS Charter Income Trust ETF 552727109 92 10,000 SH   SOLE   10,000 0 0
Natixis Gateway Y ETF 367829884 3,019 108,243 SH   SOLE   108,243 0 0
New America High Income Fund I ETF 641876800 109 10,883 SH   SOLE   10,883 0 0
Nicholas-Applegate Conv. Incom ETF 018825109 275 32,625 SH   SOLE   32,625 0 0
Nuveen Equity Premier Income F ETF 6706ER101 181 14,400 SH   SOLE   14,400 0 0
Nuveen Equity Premier Oppty Fu ETF 6706EM102 172 13,900 SH   SOLE   13,900 0 0
Nuveen MD Prem Income Muni Fun ETF 67061Q107 242 18,067 SH   SOLE   18,067 0 0
Oakseed Opportunity Institutio ETF 46141P206 177 15,861 SH   SOLE   15,861 0 0
Pimco Corporate Oppty Fund ETF 72201B101 1,977 101,140 SH   SOLE   101,140 0 0
Powershares India ETF ETF 73935L100 598 36,150 SH   SOLE   36,150 0 0
RidgeWorth US Gov. Sec. Ultra- ETF 76628T439 299 29,556 SH   SOLE   29,556 0 0
Schwab Value Advantage Money F ETF 808515605 671 670,672 SH   SOLE   670,672 0 0
Shares MSCI Switzerland Index ETF 464286749 613 21,400 SH   SOLE   21,400 0 0
SPDR DJ Wilshire REIT ETF ETF 78464A607 2,556 33,657 SH   SOLE   33,657 0 0
SPDR Gold Trust ETF ETF 78463V107 213 1,785 SH   SOLE   1,785 0 0
T Rowe Price Maryland Tax Free ETF 77957R101 597 56,410 SH   SOLE   56,410 0 0
T. Rowe Price New Asia Fund ETF 77956H500 316 19,907 SH   SOLE   19,907 0 0
Vanguard Consumer Discretionar ETF 92204A108 412 4,517 SH   SOLE   4,517 0 0
Vanguard GNMA Fund Admiral Sha ETF 922031794 1,301 124,176 SH   SOLE   124,176 0 0
Vanguard GNMA Fund Investor Sh ETF 922031307 386 36,834 SH   SOLE   36,834 0 0
Vanguard Index Trust 500 ETF 922908108 214 1,445 SH   SOLE   1,445 0 0
Vanguard Large Cap ETF 922908637 652 8,879 SH   SOLE   8,879 0 0
Vanguard LT Investment Grade A ETF 922031778 218 22,088 SH   SOLE   22,088 0 0
Vanguard Mid Cap ETF ETF 922908629 2,488 26,151 SH   SOLE   26,151 0 0
Vanguard MSCI EAFE ETF ETF 921943858 2,302 64,652 SH   SOLE   64,652 0 0
Vanguard MSCI Emerging Markets ETF 922042858 3,018 77,787 SH   SOLE   77,787 0 0
Vanguard REIT ETF ETF 922908553 4,764 69,323 SH   SOLE   69,323 0 0
Vanguard S&P 500 (ETF) ETF 922908413 227 3,095 SH   SOLE   3,095 0 0
Vanguard Short Term Tax Exempt ETF 922907803 201 12,695 SH   SOLE   12,695 0 0
Vanguard Small Cap ETF ETF 922908751 4,123 44,000 SH   SOLE   44,000 0 0
Western Asst High Incm Opprtnt ETF 95766K109 356 60,000 SH   SOLE   60,000 0 0
WT Municipal Bond Common Fund ETF 625993AB6 155 14,530 SH   SOLE   14,530 0 0