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
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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
AFLAC Inc COM 1055102 258 4,427 SH   SOLE   0 0 4,427
ALPS Alerian MLP ETF ALERIAN MLP 00162Q866 10,098 526,773 SH   SOLE   0 0 526,773
Altria Group Inc COM 02209S103 9,937 216,294 SH   SOLE   0 0 216,294
American Electric Power Co Inc COM 25537101 494 9,464 SH   SOLE   0 0 9,464
American Express Co COM 25816109 783 8,950 SH   SOLE   0 0 8,950
American Realty Capital Properties Inc COM 02917T104 29,535 2,449,045 SH   SOLE   0 0 2,449,045
American Realty Capital Healthcare COM 02917R108 10,045 958,464 SH   SOLE   0 0 958,464
AmeriGas Partners LP UNIT L P INT 30975106 9,229 202,312 SH   SOLE   0 0 202,312
Ameriprise Financial Inc COM 03076C106 259 2,100 SH   SOLE   0 0 2,100
Apple Inc COM 37833100 3,533 35,066 SH   SOLE   0 0 35,066
AT&T Inc COM 00206R102 1,811 51,387 SH   SOLE   0 0 51,387
Berkshire Hathaway Inc Del CL B NEW 84670702 293 2,120 SH   SOLE   0 0 2,120
Blackrock Inc COM 09247X101 831 2,531 SH   SOLE   0 0 2,531
BlackRock MuniYield PA COM 09255G107 528 37,541 SH   SOLE   0 0 37,541
BP PLC SPONSORED ADR 55622104 311 7,080 SH   SOLE   0 0 7,080
Bristol-Myers Squibb Co COM 110122108 643 12,571 SH   SOLE   0 0 12,571
Buckeye Partners LP UNIT LTD PARTN 118230101 796 10,000 SH   SOLE   0 0 10,000
Calamos Convertible & High Income Fd COM SHS 12811P108 2,801 197,567 SH   SOLE   0 0 197,567
Calamos Convertible Opprtnty Fund SH BEN INT 128117108 540 39,886 SH   SOLE   0 0 39,886
Calamos Strategic Return Fund COM SH BEN INT 128125101 6,953 594,260 SH   SOLE   0 0 594,260
Callidus Software Inc COM 13123E500 202 16,830 SH   SOLE   0 0 16,830
CBS Corporation CL B 124857202 341 6,365 SH   SOLE   0 0 6,365
Chevron Corporation COM 166764100 1,563 13,099 SH   SOLE   0 0 13,099
Chubb Corp COM 171232101 207 2,268 SH   SOLE   0 0 2,268
Cisco Systems Inc. COM 17275R102 275 10,920 SH   SOLE   0 0 10,920
Claymore Exchange TRD FD TR GUG ENH SHT DUR 18383M654 248 4,947 SH   SOLE   0 0 4,947
Claymore Exchange TRD FD TR GUG MULTI ASSET 18383M506 2,326 95,602 SH   SOLE   0 0 95,602
Coca-Cola Company COM 191216100 551 12,906 SH   SOLE   0 0 12,906
Comcast Corp Cl A CL A 20030N101 516 9,597 SH   SOLE   0 0 9,597
ConocoPhillips COM 20825C104 380 4,966 SH   SOLE   0 0 4,966
Cryolife Inc COM 228903100 106 10,719 SH   SOLE   0 0 10,719
Customers Bancorp, Inc. COM 23204G100 4,821 268,448 SH   SOLE   0 0 268,448
Danaher Corp COM 235851102 2,170 28,561 SH   SOLE   0 0 28,561
DCP Midstream Partners LP COM UT LTD PTN 23311P100 2,970 54,537 SH   SOLE   0 0 54,537
Dentsply Intl Inc COM 249030107 2,296 50,346 SH   SOLE   0 0 50,346
Eaton Vance Enhanced Equity Income II COM 278277108 222 16,300 SH   SOLE   0 0 16,300
EI du Pont de Nemours & Co COM 263534109 436 6,080 SH   SOLE   0 0 6,080
Eli Lilly & Company COM 532457108 232 3,575 SH   SOLE   0 0 3,575
Enbridge Energy Management LLC SHS UNITS LLI 29250X103 1,581 42,486 SH   SOLE   0 0 42,486
Endbridge Energy Partners LP COM 29250R106 234 6,020 SH   SOLE   0 0 6,020
Enterprise Products Partners LP COM 293792107 8,105 201,106 SH   SOLE   0 0 201,106
EXCO Resources, Inc. COM 269279402 84 25,010 SH   SOLE   0 0 25,010
Exxon Mobil Corporation COM 30231G102 2,780 29,563 SH   SOLE   0 0 29,563
Fiduciary-Claymore MLP Oppty Fund COM 31647Q106 1,451 51,177 SH   SOLE   0 0 51,177
Financial Sector Spdr Tr SBI INT_FINL 81369Y605 299 12,911 SH   SOLE   0 0 12,911
First Niagara Finl Gp Inc. COM 33582V207 260 9,194 SH   SOLE   0 0 9,194
General Electric Co COM 369604103 1,653 64,526 SH   SOLE   0 0 64,526
Genuine Parts Company COM 372460105 650 7,411 SH   SOLE   0 0 7,411
H&Q Healthcare Investors SH BEN INT 404052102 503 17,727 SH   SOLE   0 0 17,727
Intl Business Mach Corp COM 459200101 1,052 5,541 SH   SOLE   0 0 5,541
Ishares Barclays 1-3 Year Credit Bond Barclys 1-3Yr Cr 464288646 291 2,760 SH   SOLE   0 0 2,760
iShares Russell 1000 Growth RUSSELL1000GRW 464287614 1,303 14,218 SH   SOLE   0 0 14,218
iShares Russell 2000 RUSSELL 2000 464287655 802 7,332 SH   SOLE   0 0 7,332
iShares Russell 2000 Value RUS 2000 VAL EFT 464287630 211 2,255 SH   SOLE   0 0 2,255
iShares Russell Midcap RUSSELL MIDCAP 464287499 782 4,937 SH   SOLE   0 0 4,937
iShares Russell Midcap Growth RUSSELL MCP GR 464287481 550 6,230 SH   SOLE   0 0 6,230
iShares Russell Midcap Value RUSSELL MCP VL 464287473 357 5,099 SH   SOLE   0 0 5,099
iShares S&P 500 S&P 500 INDEX 464287200 1,462 7,372 SH   SOLE   0 0 7,372
Ishares Silver Trust ISHARES 46428Q109 411 25,130 SH   SOLE   0 0 25,130
Johnson & Johnson COM 478160104 3,044 28,560 SH   SOLE   0 0 28,560
JP Morgan Chase & Co COM 46625H100 463 7,685 SH   SOLE   0 0 7,685
Kimberly-Clark Corp. COM 494368103 288 2,673 SH   SOLE   0 0 2,673
Kinder Morgan Energy Partners LP UT LTD PARTNER 494550106 439 4,711 SH   SOLE   0 0 4,711
Kinder Morgan Inc COM 49456B101 656 17,112 SH   SOLE   0 0 17,112
Kinder Morgan Management LLC SHS 49455U100 26,368 280,068 SH   SOLE   0 0 280,068
Leapfrog Enterprises Inc CL A 52186N106 102 17,072 SH   SOLE   0 0 17,072
Linn Energy LLC UNIT LTD LIAB 536020100 274 9,080 SH   SOLE   0 0 9,080
Liveperson, Inc. COM 538146101 174 13,852 SH   SOLE   0 0 13,852
M & T Bank Corp COM 55261F104 988 8,013 SH   SOLE   0 0 8,013
Magellan Midstream Partners LP COM UNIT RP LP 559080106 2,694 32,000 SH   SOLE   0 0 32,000
MarkWest Energy Partners LP UNIT LTD PARTN 570759100 13,483 175,513 SH   SOLE   0 0 175,513
McDonald's Corporation COM 580135101 246 2,591 SH   SOLE   0 0 2,591
Merck & Co Inc New COM 58933Y105 380 6,404 SH   SOLE   0 0 6,404
Mercury General Corporation COM 589400100 367 7,528 SH   SOLE   0 0 7,528
Microsoft Corp COM 594918104 901 19,428 SH   SOLE   0 0 19,428
NBT Bancorp Inc COM 628778102 733 32,567 SH   SOLE   0 0 32,567
National Penn Bank Shares COM 637138108 126 12,962 SH   SOLE   0 0 12,962
New York REIT INC CALL 64976L109 9,471 921,319 SH   SOLE   0 0 921,319
NextEra Energy Inc. COM 65339F101 282 3,000 SH   SOLE   0 0 3,000
NFJ Div Int & Prem Strategy Fund COM SHS 65337H109 389 21,283 SH   SOLE   0 0 21,283
Nike Inc Class B CL B 654106103 214 2,400 SH   SOLE   0 0 2,400
Norfolk Southern Corporation COM 655844108 317 2,844 SH   SOLE   0 0 2,844
Oracle Corp COM 68389X105 449 11,719 SH   SOLE   0 0 11,719
Pepsico Inc COM 713448108 3,700 39,751 SH   SOLE   0 0 39,751
Pfizer Inc COM 717081103 744 25,156 SH   SOLE   0 0 25,156
Philip Morris International Inc COM 718172109 1,743 20,903 SH   SOLE   0 0 20,903
PIMCO Income Oppty Fund COM 72202B100 725 26,279 SH   SOLE   0 0 26,279
PIMCO Income Strategy II COM 72201J104 113 10,734 SH   SOLE   0 0 10,734
Plains All Amer Pipeline LP UNIT LTD PARTN 726503105 626 10,641 SH   SOLE   0 0 10,641
PNC Financial Services Group COM 693475105 1,034 12,079 SH   SOLE   0 0 12,079
PowerSecure International Inc. COM 73936N105 144 14,986 SH   SOLE   0 0 14,986
PowerShares Build America Bond BUILD AMER ETF 73937B407 590 19,894 SH   SOLE   0 0 19,894
Powershares Intl Dividend Achievers INTL DIV ACHV 73935X716 418 22,560 SH   SOLE   0 0 22,560
PowerShares Preferred AGG PFD PORT 73936T565 1,598 110,520 SH   SOLE   0 0 110,520
PPG Industries Inc COM 693506107 472 2,400 SH   SOLE   0 0 2,400
Procter & Gamble Co COM 742718109 3,942 47,076 SH   SOLE   0 0 47,076
Qualcomm, Inc. COM 747525103 217 2,900 SH   SOLE   0 0 2,900
Realty Income Corp COM 756109104 676 16,577 SH   SOLE   0 0 16,577
Seachange Intl Inc COM 811699107 87 12,479 SH   SOLE   0 0 12,479
Schlumberger LTD COM 806857108 386 3,800 SH   SOLE   0 0 3,800
SPDR BarCap Convertible Securities BRC CNV SECS EFT 78464A359 259 5,212 SH   SOLE   0 0 5,212
SPDR Gold Shares GOLD SHS 78463V107 537 4,622 SH   SOLE   0 0 4,622
SPDR S&P Dividend ETF S&P DIVID ETF 78464A763 8,431 112,506 SH   SOLE   0 0 112,506
SPDR S&P Regional Banking ETF S&P REGL BKG 78464A698 1,372 36,246 SH   SOLE   0 0 36,246
Standard & Poors Dep Rects TR UNIT 78462F103 7,495 38,042 SH   SOLE   0 0 38,042
Stifel Financial Corp COM 860630102 561 22,186 SH   SOLE   0 0 22,186
Stryker Corp COM 863667101 429 5,307 SH   SOLE   0 0 5,307
Susquehanna Bancshares Inc COM 869099101 134 13,393 SH   SOLE   0 0 13,393
Texas Instruments Inc COM 882508104 435 9,126 SH   SOLE   0 0 9,126
Time Warner Cable Inc COM 88732J207 288 2,005 SH   SOLE   0 0 2,005
United Parcel Service Inc CL B 911312106 233 2,370 SH   SOLE   0 0 2,370
United Technologies COM 913017109 1,158 10,970 SH   SOLE   0 0 10,970
Vanguard Dividend Appreciation DIV APP ETF 921908844 370 4,804 SH   SOLE   0 0 4,804
Vanguard Energy ETF ENERGY ETF 92204A306 323 2,465 SH   SOLE   0 0 2,465
Vanguard REIT REIT ETF 922908553 1,212 16,871 SH   SOLE   0 0 16,871
Verizon Communications Inc COM 92343V104 514 10,277 SH   SOLE   0 0 10,277
Wal-Mart Stores Inc COM 931142103 264 3,447 SH   SOLE   0 0 3,447
Walt Disney Company COM DISNEY 254687106 238 2,670 SH   SOLE   0 0 2,670
Wells Fargo & Co COM 949746101 365 7,038 SH   SOLE   0 0 7,038