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
Abbot Labs COM 002824100 161 4,550 SH   SOLE 0 0 0 4,550
Abbot Labs COM 002824100 73 2,071 SH   OTR 2 0 0 2,071
Agrium COM 008916108 2,462 25,255 SH   SOLE 0 0 0 25,255
AK Steel Hldg COM 001547108 36 10,800 SH   SOLE 0 0 0 10,800
Allergan COM 018490102 357 3,200 SH   SOLE 0 0 0 3,200
Amazon COM 023135106 297 1,113 SH   SOLE 0 0 0 1,113
Amer 1st Tax Exempt Invest MLP BEN UNIT 02364V107 686 96,300 SH   SOLE 0 0 0 96,300
American Intl Group COM 026874784 373 9,600 SH   SOLE 0 0 0 9,600
Amgen COM 031162100 571 5,575 SH   SOLE 0 0 0 5,575
Anadarko Pete COM 032511107 50 570 SH   SOLE 0 0 0 570
Anadarko Pete COM 032511107 175 2,000 SH   OTR 2 0 0 2,000
Anadarko Pete COM 032511107 9 100 SH   OTR 3 0 0 100
Antares Pharma COM 036642106 148 41,234 SH   SOLE 0 0 0 41,234
Apple COM 037833100 2,658 6,004 SH   SOLE 0 0 0 6,004
Apple COM 037833100 98 221 SH   OTR 2 0 0 221
Ares Capital COM 04010L103 678 37,480 SH   SOLE 0 0 0 37,480
Armour Residential COM 042315101 377 57,790 SH   SOLE 0 0 0 57,790
AT&T COM 00206R102 197 5,376 SH   SOLE 0 0 0 5,376
AT&T COM 00206R102 92 2,515 SH   OTR 2 0 0 2,515
Baidu.Com ADR 056752108 2,170 24,740 SH   SOLE 0 0 0 24,740
Bank of America COM 060505104 671 55,125 SH   SOLE 0 0 0 55,125
Biogen Idec COM 09062X103 603 3,130 SH   SOLE 0 0 0 3,130
BJS Restaurants COM 09180C106 200 6,000 SH   SOLE 0 0 0 6,000
Blackrock High Income COM 09250E107 86 36,472 SH   SOLE 0 0 0 36,472
Boeing COM 097023105 67 775 SH   SOLE 0 0 0 775
Boeing COM 097023105 206 2,400 SH   OTR 3 0 0 2,400
Bonanza Creek Energy COM 097793103 730 18,875 SH   SOLE 0 0 0 18,875
BorgWarner COM 099724106 3,438 44,455 SH   SOLE 0 0 0 44,455
Box Ships Inc SHS y09675102 47 10,000 SH   SOLE 0 0 0 10,000
Buckeye Partners LP UNIT LTD PARTN 118230101 385 6,300 SH   SOLE 0 0 0 6,300
Carlisle Cos COM 142339100 4,097 60,433 SH   SOLE 0 0 0 60,433
Caterpillar COM 149123101 467 5,365 SH   SOLE 0 0 0 5,365
Chevron COM 166764100 76 642 SH   OTR 2 0 0 642
Chevron COM 166764100 431 3,631 SH   SOLE 0 0 0 3,631
Cisco Sys COM 17275R102 59 2,804 SH   OTR 0 0 0 2,804
Cisco Sys COM 17275R102 726 34,750 SH   SOLE 2 0 0 34,750
Clorox COM 189054109 354 4,000 SH   SOLE 0 0 0 4,000
Columbia Banking Systems COM 197236102 334 15,217 SH   SOLE 0 0 0 15,217
Companhia Brasileira Distr ADR PFD 20440T201 213 4,000 SH   SOLE 0 0 0 4,000
Companhia De Bebidas ADR PFD 20111W203 212 5,000 SH   SOLE 0 0 0 5,000
Costco Wholesale COM 22160K105 569 5,365 SH   SOLE 0 0 0 5,365
Costco Wholesale COM 22160K105 77 723 SH   OTR 2 0 0 723
Craft Brew Alliance COM 224122101 97 13,000 SH   SOLE 0 0 0 13,000
CSX Corp COM 126408103 222 9,000 SH   SOLE 0 0 0 9,000
Devry Inc COM 251893103 1,835 57,800 SH   SOLE 0 0 0 57,800
Disney Walt Co COM 254687106 353 6,220 SH   SOLE 0 0 0 6,220
Ecopetrol SPON ADS 279158109 1,199 22,000 SH   SOLE 0 0 0 22,000
Emeritus Corp COM 291005106 550 19,800 SH   SOLE 0 0 0 19,800
Empresas ICA SPON ADS 292448206 334 25,200 SH   SOLE 0 0 0 25,200
Energy Transfer Ptnrs UNIT LTD PRT 29273R109 406 8,013 SH   SOLE 0 0 0 8,013
Essex Ppty Tr COM 297178105 203 1,350 SH   SOLE 0 0 0 1,350
EV Energy Partners COM UNITS 26926V107 218 4,000 SH   SOLE 0 0 0 4,000
Expedia COM 302125109 240 7,000 SH   SOLE 0 0 0 7,000
Exxon Mobil COM 30231G102 1,189 13,614 SH   SOLE 0 0 0 13,614
Exxon Mobil COM 30231G102 153 1,700 SH   OTR 3 0 0 1,700
Ferro Corp COM 315405100 416 61,700 SH   SOLE 0 0 0 61,700
Fifth Street Finance COM 31678A103 389 35,300 SH   SOLE 0 0 0 35,300
FleetCor Technologies COM 339041105 3,375 44,015 SH   SOLE 0 0 0 44,015
Frontier Communications COM 35906A108 94 23,598 SH   SOLE 0 0 0 23,598
Generac Hldgs COM 368736104 283 8,000 SH   SOLE 0 0 0 8,000
General Electric COM 369604103 210 9,093 SH   SOLE 0 0 0 8,000
General Electric COM 369604103 13 576 SH   OTR 2 0 0 576
General Electric COM 369604103 206 8,900 SH   OTR 3 0 0 8,900
Golub Capital COM 38173M102 165 10,000 SH   SOLE 0 0 0 10,000
Google COM 38259P508 972 1,224 SH   SOLE 0 0 0 1,224
Government Pptys Income Tr COM 38376A103 293 11,400 SH   SOLE 0 0 0 11,400
Grand Canyon Education COM 38526M106 1,351 53,200 SH   SOLE 0 0 0 53,200
GSV Cap Corp COM 36191J101 87 10,505 SH   OTR 3 0 0 10,505
Halliburton COM 406216101 1,267 31,345 SH   SOLE 0 0 0 31,345
Home Depot COM 437076102 305 4,378 SH   SOLE 0 0 0 4,378
Honeywell COM 438516106 433 5,750 SH   OTR 2 0 0 5,750
Honeywell COM 438516106 75 990 SH   SOLE 0 0 0 990
Humana COM 444859102 1,108 16,035 SH   SOLE 0 0 0 16,035
IBM COM 459200101 341 1,600 SH   SOLE 0 0 0 1,600
IBM COM 459200101 74 348 SH   OTR 2 0 0 348
IHS COM 451734107 314 3,000 SH   SOLE 0 0 0 3,000
Intel Corp COM 458140100 310 14,219 SH   SOLE 0 0 0 14,219
IsharesTr Turkey Index Fd COM 464286715 1,501 21,078 SH   SOLE 0 0 0 21,078
Ishares Tr 20+ Treas Index COM 464287432 3,236 27,479 SH   SOLE 0 0 0 27,479
Ishares Tr Barclays Tips COM 464287176 256 2,107 SH   SOLE 0 0 0 2,107
Javelin Mtg Invt COM 47200B104 214 10,900 SH   SOLE 0 0 0 10,900
Jazz Pharmaceuticals COM G50871105 301 5,375 SH   SOLE 0 0 0 5,375
Johnson&Johnson COM 478160104 236 2,898 SH   SOLE 0 0 0 2,898
Johnson&Johnson COM 478160104 78 958 SH   OTR 0 0 0 958
Kinder Morgan Inc COM 49455P101 302 3,000 SH   SOLE 2 0 0 3,000
Kinder Morgan Inc COM 49455P101 155 4,000 SH   OTR 3 0 0 4,000
Kinder Morgan Energy UT LTD PARTN 494550106 457 5,090 SH   SOLE 0 0 0 5,090
Kinder Morgan Mgmt SHS 49455U100 644 7,328 SH   SOLE 0 0 0 7,328
L-3 communications COM 502424104 405 5,000 SH   SOLE 0 0 0 5,000
Legacy Reserves LP UNIT LP INT 524707304 214 7,750 SH   SOLE 0 0 0 7,750
Linkedin COM 53578A108 4,116 23,280 SH   SOLE 0 0 0 23,380
MagneGas COM 55939L202 11 10,000 SH   SOLE 0 0 0 10,000
Managed High Yield Plus Fd In COM 561911108 260 120,582 SH   SOLE 0 0 0 120,582
MarkWest Energy UNIT LP PARTN 570759100 487 8,018 SH   SOLE 0 0 0 8,018
Masco Corp COM 574599106 680 33,575 SH   SOLE 0 0 0 33,575
MFA Financial COM 55272X102 445 47,700 SH   SOLE 0 0 0 47,700
MGIC Invt Corp COM 552848103 87 17,600 SH   SOLE 0 0 0 17,600
Microsoft COM 594918104 462 16,160 SH   SOLE 0 0 0 16,160
Microsoft COM 594918104 326 11,400 SH   OTR 3 0 0 11,400
Molycorp COM 608753109 684 131,610 SH   SOLE 0 0 0 131,610
Netflix COM 64110L106 2,642 13,960 SH   SOLE 0 0 0 13,960
Nike COM 654106103 1,067 18,078 SH   SOLE 0 0 0 18,078
Nike COM 654106103 63 1,070 SH   OTR 2 0 0 1,070
Niska Gas Storage UNIT LTD 654678101 342 26,570 SH   SOLE 0 0 0 26,570
Northstar Rlty Fin COM 66704R100 296 31,200 SH   SOLE 0 0 0 31,200
Ocwen Finl Corp COM 675746309 1,342 35,400 SH   SOLE 0 0 0 35,400
Owens Illinois COM 690768403 240 9,000 SH   SOLE 0 0 0 9,000
PennyMac Mortgage COM 70931T103 585 22,600 SH   SOLE 0 0 0 22,600
Pfizer COM 717081103 216 7,488 SH   SOLE 0 0 0 7,488
Pimco ETF Tr 0-5 Yr High Yield COM 72201H108 293 2,800 SH   SOLE 0 0 0 2,800
Pioneer Natural Res COM 723787107 1,171 9,422 SH   SOLE 0 0 0 9,422
Plum Creek Timber COM 729251108 238 4,550 SH   SOLE 0 0 0 4,550
Procter & Gamble COM 742718109 244 3,166 SH   SOLE 0 0 0 3,166
Proshares Tr PSHS SHRT S&P500 COM 74347R503 512 16,677 SH   OTR 3 0 0 16,677
Prospect GLobal Res Inc COM 74348X103 3 10,000 SH   SOLE 0 0 0 10,000
Qualcomm Inc COM 747525103 431 6,440 SH   SOLE 0 0 0 6,440
Qualcomm Inc COM 747525103 78 1,160 SH   OTR 2 0 0 1,160
Radian Group COM 750236101 688 64,200 SH   SOLE 0 0 0 64,200
Realty Income COM 756109104 662 14,600 SH   SOLE 0 0 0 14,600
S&P 500 Depository Receipt COM 78462F103 332 2,118 SH   SOLE 0 0 0 2,118
SBA Communications COM 78388J106 1,740 24,165 SH   SOLE 0 0 0 24,165
Senior Hsg PPTYS Tr SH BEN INT 81721M109 215 8,000 SH   SOLE 0 0 0 8,000
Sherwin Williams COM 824348106 321 1,900 SH   SOLE 0 0 0 1,900
Solar Cap COM 83413U100 216 9,200 SH   SOLE 0 0 0 9,200
Southwest Airlines COM 844741108 2 136 SH   SOLE 0 0 0 136
Southwest Airlines COM 844741108 136 10,100 SH   OTR 3 0 0 10,100
SPDR Gold Trust GOLD SHS 78463V107 210 1,360 SH   SOLE 0 0 0 1,360
SPDR Gold Trust GOLD SHS 78463V107 139 900 SH   OTR 3 0 0 900
Spirit Realty Capital COM 84860F109 357 18,800 SH   SOLE 0 0 0 18,800
Sprott Physical Gold Tr UNIT 85207H104 135 10,000 SH   SOLE 0 0 0 10,000
Starbucks COM 855244109 349 6,125 SH   SOLE 0 0 0 6,125
Syngenta SPONSORED ADR 87160A100 1,005 12,000 SH   SOLE 0 0 0 12,000
Tal Intl Group COM 874083108 421 9,300 SH   SOLE 0 0 0 9,300
THL Credit COM 872438106 193 12,900 SH   SOLE 0 0 0 12,900
Trimas COM 896215209 2,230 68,675 SH   SOLE 0 0 0 68,675
TRW Automotive COM 87264S106 396 7,200 SH   SOLE 0 0 0 7,200
Turkcell Iletisim Hizmetleri SPON ADR NEW 900111204 966 58,050 SH   SOLE 0 0 0 58,050
U S Silica COM 90346E103 942 39,950 SH   SOLE 0 0 0 39,950
Unitedhealth Group COM 91324P102 1,425 24,905 SH   SOLE 0 0 0 24,905
US Bancorp COM 902973304 687 20,251 SH   SOLE 0 0 0 20,251
US Bancorp COM 902973304 73 2,142 SH   OTR 2 0 0 2,142
US Bancorp COM 902973304 163 4,800 SH   OTR 3 0 0 4,800
Verizon Comm COM 92343V104 552 11,236 SH   SOLE 0 0 0 11,236
Visa COM 92826C839 238 1,400 SH   SOLE 0 0 0 1,400
Williams Partners COM 96950F104 818 15,800 SH   SOLE 0 0 0 15,800
Williams Sonoma COM 969904101 1,281 25,855 SH   SOLE 0 0 0 24,855
Yahoo COM 984332106 152 6,475 SH   SOLE 0 0 0 56,475
Yahoo COM 984332106 306 13,000 SH   OTR 3 0 0 13,000
Zoetis COM 98978V103 354 10,600 SH   SOLE 0 0 0 10,600