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 CO COM 88579Y101 1,742 15,932 SH   SOLE 0 0 15,932
ABB LTD SPONSORED ADR 000375204 327 14,978 SH   SOLE 0 0 14,978
ABBOTT LABS COM 002824100 717 20,482 SH   SOLE 0 0 20,482
ABBVIE INC COM 00287Y109 557 13,387 SH   SOLE 0 0 13,387
AFLAC INC COM 001055102 363 6,300 SH   SOLE 0 0 6,300
ALTRIA GROUP INC COM 02209S103 799 22,586 SH   SOLE 0 0 22,586
AMERICAN EXPRESS CO COM 025816109 476 6,294 SH   SOLE 0 0 6,294
AMERICAN INTL GROUP INC COM NEW 026874784 393 8,705 SH   SOLE 0 0 8,705
ANNALY CAP MGMT INC COM 035710409 377 23,700 SH   SOLE 0 0 23,700
APPLE INC COM 037833100 2,154 5,264 SH   SOLE 0 0 5,264
ARROW FINL CORP COM 042744102 438 17,771 SH   SOLE 0 0 17,771
AT&T INC COM 00206R102 3,124 88,509 SH   SOLE 0 0 88,509
ATLAS ENERGY LP COM UNITS LP 04930A104 929 18,394 SH   SOLE 0 0 18,394
BANK OF AMERICA CORPORATION COM 060505104 172 13,269 SH   SOLE 0 0 13,269
BANK OF AMERICA CORPORATION 7.25%CNV PFD L 060505682 1,681 1,495 SH   SOLE 0 0 1,495
BBCN BANCORP INC COM 073295107 456 31,268 SH   SOLE 0 0 31,268
BED BATH & BEYOND INC COM 075896100 347 4,840 SH   SOLE 0 0 4,840
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 315 2,791 SH   SOLE 0 0 2,791
BP PLC SPONSORED ADR 055622104 1,774 42,600 SH   SOLE 0 0 42,600
BRISTOL MYERS SQUIBB CO COM 110122108 1,471 32,826 SH   SOLE 0 0 32,826
CATERPILLAR INC DEL COM 149123101 444 5,374 SH   SOLE 0 0 5,374
CHEVRON CORP NEW COM 166764100 1,202 10,092 SH   SOLE 0 0 10,092
CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 268 4,461 SH   SOLE 0 0 4,461
CISCO SYS INC COM 17275R102 1,572 64,590 SH   SOLE 0 0 64,590
CITIGROUP INC COM NEW 172967424 207 4,300 SH   SOLE 0 0 4,300
COCA COLA CO COM 191216100 603 14,893 SH   SOLE 0 0 14,893
COMCAST CORP NEW CL A 20030N101 289 7,117 SH   SOLE 0 0 7,117
CONOCOPHILLIPS COM 20825C104 2,514 41,055 SH   SOLE 0 0 41,055
CONSOLIDATED EDISON INC COM 209115104 487 8,475 SH   SOLE 0 0 8,475
CVS CAREMARK CORPORATION COM 126650100 524 9,100 SH   SOLE 0 0 9,100
DEERE & CO COM 244199105 791 9,725 SH   SOLE 0 0 9,725
DELL INC COM 24702R101 289 21,750 SH   SOLE 0 0 21,750
DOW CHEM CO COM 260543103 1,111 34,183 SH   SOLE 0 0 34,183
DUKE ENERGY CORP NEW COM NEW 26441C204 1,484 22,199 SH   SOLE 0 0 22,199
E M C CORP MASS COM 268648102 631 26,746 SH   SOLE 0 0 26,746
EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 1,399 31,535 SH   SOLE 0 0 31,535
EMERSON ELEC CO COM 291011104 870 15,711 SH   SOLE 0 0 15,711
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 1,860 36,472 SH   SOLE 0 0 36,472
ENTERPRISE PRODS PARTNERS L COM 293792107 242 3,849 SH   SOLE 0 0 3,849
EXPRESS SCRIPTS HLDG CO COM 30219G108 228 3,686 SH   SOLE 0 0 3,686
EXXON MOBIL CORP COM 30231G102 2,061 22,826 SH   SOLE 0 0 22,826
F M C CORP COM NEW 302491303 222 3,600 SH   SOLE 0 0 3,600
FLUOR CORP NEW COM 343412102 490 8,300 SH   SOLE 0 0 8,300
FORD MTR CO DEL COM PAR $0.01 345370860 253 16,066 SH   SOLE 0 0 16,066
GATX CORP COM 361448103 221 4,670 SH   SOLE 0 0 4,670
GENERAL ELECTRIC CO COM 369604103 4,157 178,110 SH   SOLE 0 0 178,110
GENERAL MLS INC COM 370334104 617 12,646 SH   SOLE 0 0 12,646
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 1,945 38,705 SH   SOLE 0 0 38,705
GOOGLE INC CL A 38259P508 557 627 SH   SOLE 0 0 627
HARTFORD FINL SVCS GROUP INC COM 416515104 433 13,881 SH   SOLE 0 0 13,881
HILLSHIRE BRANDS CO COM 432589109 314 9,483 SH   SOLE 0 0 9,483
HOME DEPOT INC COM 437076102 2,369 30,815 SH   SOLE 0 0 30,815
HSBC HLDGS PLC ADR A 1/40PF A 404280604 461 18,430 SH   SOLE 0 0 18,430
ING U S INC COM 45685E106 263 9,514 SH   OTR 0 0 9,514
INTEL CORP COM 458140100 639 26,768 SH   SOLE 0 0 26,768
INTERNATIONAL BUSINESS MACHS COM 459200101 1,105 5,779 SH   SOLE 0 0 5,779
INTL PAPER CO COM 460146103 367 8,126 SH   SOLE 0 0 8,126
ISHARES TR RUSSELL 1000 464287622 320 3,551 SH   SOLE 0 0 3,551
ISHARES TR US PFD STK IDX 464288687 3,630 92,799 SH   SOLE 0 0 92,799
JOHNSON & JOHNSON COM 478160104 3,400 39,249 SH   SOLE 0 0 39,249
JPMORGAN CHASE & CO COM 46625H100 399 7,603 SH   SOLE 0 0 7,603
KELLOGG CO COM 487836108 360 5,546 SH   SOLE 0 0 5,546
KEYCORP NEW COM 493267108 287 25,500 SH   SOLE 0 0 25,500
KIMBERLY CLARK CORP COM 494368103 651 6,700 SH   SOLE 0 0 6,700
KRAFT FOODS GROUP INC COM 50076Q106 1,057 19,222 SH   SOLE 0 0 19,222
LOWES COS INC COM 548661107 247 6,010 SH   SOLE 0 0 6,010
MACYS INC COM 55616P104 560 11,600 SH   SOLE 0 0 11,600
MARKET VECTORS ETF TR PFD SEC EXFINL 57061R791 381 19,293 SH   SOLE 0 0 19,293
MCDONALDS CORP COM 580135101 1,069 10,709 SH   SOLE 0 0 10,709
MERCK & CO INC NEW COM 58933Y105 2,795 60,337 SH   SOLE 0 0 60,337
METLIFE INC COM 59156R108 3,274 70,352 SH   SOLE 0 0 70,352
MICROSOFT CORP COM 594918104 2,573 74,879 SH   SOLE 0 0 74,879
MONDELEZ INTL INC CL A 609207105 317 10,924 SH   SOLE 0 0 10,924
NEW YORK CMNTY BANCORP INC COM 649445103 204 14,424 SH   SOLE 0 0 14,424
NORFOLK SOUTHERN CORP COM 655844108 1,126 15,502 SH   SOLE 0 0 15,502
NUVEEN NY AMT-FREE MUN INCOM COM 670656107 820 61,358 SH   SOLE 0 0 61,358
OCCIDENTAL PETE CORP DEL COM 674599105 851 9,451 SH   SOLE 0 0 9,451
OCH ZIFF CAP MGMT GROUP CL A 67551U105 287 26,803 SH   SOLE 0 0 26,803
ORACLE CORP COM 68389X105 373 12,389 SH   SOLE 0 0 12,389
PEPCO HOLDINGS INC COM 713291102 582 29,371 SH   SOLE 0 0 29,371
PEPSICO INC COM 713448108 791 9,640 SH   SOLE 0 0 9,640
PFIZER INC COM 717081103 3,374 121,463 SH   SOLE 0 0 121,463
PHILLIPS 66 COM 718546104 632 10,722 SH   SOLE 0 0 10,722
POWERSHARES ETF TRUST FINL PFD PTFL 73935X229 1,447 81,007 SH   SOLE 0 0 81,007
PRICE T ROWE GROUP INC COM 74144T108 707 9,600 SH   SOLE 0 0 9,600
PROCTER & GAMBLE CO COM 742718109 792 10,153 SH   SOLE 0 0 10,153
PRUDENTIAL FINL INC COM 744320102 1,099 14,998 SH   SOLE 0 0 14,998
QUALCOMM INC COM 747525103 428 7,019 SH   SOLE 0 0 7,019
SCHLUMBERGER LTD COM 806857108 792 10,881 SH   SOLE 0 0 10,881
SCHWAB STRATEGIC TR US MID-CAP ETF 808524508 552 17,050 SH   SOLE 0 0 17,050
SCHWAB STRATEGIC TR US SML CAP ETF 808524607 736 16,479 SH   SOLE 0 0 16,479
SCHWAB STRATEGIC TR EMRG MKTEQ ETF 808524706 467 19,900 SH   SOLE 0 0 19,900
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 1,751 53,235 SH   SOLE 0 0 53,235
SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 836 30,361 SH   SOLE 0 0 30,361
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 362 11,781 SH   SOLE 0 0 11,781
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 1,064 28,645 SH   SOLE 0 0 28,645
SENIOR HSG PPTYS TR SH BEN INT 81721M109 435 16,856 SH   SOLE 0 0 16,856
SIEMENS A G SPONSORED ADR 826197501 212 2,036 SH   SOLE 0 0 2,036
SLM CORP COM 78442P106 218 9,476 SH   SOLE 0 0 9,476
SOUTHERN CO COM 842587107 725 16,550 SH   SOLE 0 0 16,550
ST JOE CO COM 790148100 320 15,200 SH   SOLE 0 0 15,200
STANLEY BLACK & DECKER INC COM 854502101 331 4,223 SH   SOLE 0 0 4,223
SUN LIFE FINL INC COM 866796105 879 29,550 SH   SOLE 0 0 29,550
TARGET CORP COM 87612E106 316 4,553 SH   SOLE 0 0 4,553
THE ADT CORPORATION COM 00101J106 219 5,428 SH   SOLE 0 0 5,428
THERMO FISHER SCIENTIFIC INC COM 883556102 569 6,592 SH   SOLE 0 0 6,592
TJX COS INC NEW COM 872540109 959 19,000 SH   SOLE 0 0 19,000
TOTAL S A SPONSORED ADR 89151E109 806 16,498 SH   SOLE 0 0 16,498
TRAVELERS COMPANIES INC COM 89417E109 1,332 16,425 SH   SOLE 0 0 16,425
TWO HBRS INVT CORP COM 90187B101 788 76,330 SH   SOLE 0 0 76,330
UNITED PARCEL SERVICE INC CL B 911312106 501 5,750 SH   SOLE 0 0 5,750
UNITED TECHNOLOGIES CORP COM 913017109 228 2,402 SH   SOLE 0 0 2,402
VALE S A ADR 91912E105 278 21,010 SH   SOLE 0 0 21,010
VANGUARD INDEX FDS LARGE CAP ETF 922908637 234 3,170 SH   SOLE 0 0 3,170
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 347 5,199 SH   SOLE 0 0 5,199
VERIZON COMMUNICATIONS INC COM 92343V104 1,564 31,057 SH   SOLE 0 0 31,057
VISA INC COM CL A 92826C839 352 1,900 SH   SOLE 0 0 1,900
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 333 11,600 SH   SOLE 0 0 11,600
WASTE MGMT INC DEL COM 94106L109 1,328 32,650 SH   SOLE 0 0 32,650
WEINGARTEN RLTY INVS SH BEN INT 948741103 735 24,000 SH   SOLE 0 0 24,000
WELLS FARGO & CO NEW COM 949746101 1,680 40,626 SH   SOLE 0 0 40,626
WELLS FARGO & CO NEW PERP PFD CNV A 949746804 2,134 1,776 SH   SOLE 0 0 1,776
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 538 8,450 SH   SOLE 0 0 8,450