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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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
ABERDEEN ASIA-PAC INCOME FD FND 003009107 14,413 2,876,767 SH   SOLE   2,876,767 0 0
ABERDEEN AUSTRALIA EQUITY FD FND 003011103 1,194 211,682 SH   SOLE   211,682 0 0
ALCOA INC COM 013817101 93 10,000 SH   SOLE   10,000 0 0
AMERICAN INTERNATIONAL GROUP COM 026874784 33 618 SH   SOLE   618 0 0
BP PLC-SPONS ADR DEPOSITORY RECEIPT COM 055622104 109 3,066 SH   SOLE   3,066 0 0
BANK OF AMERICA CORP COM 060505104 806 60,764 SH   SOLE   60,764 0 0
BUCKEYE PARTNERS LP MLP 118230101 828 11,767 SH   SOLE   11,767 0 0
CENTURYTEL INC COMMON STOCK COM 156700106 129 4,431 SH   SOLE   4,431 0 0
CITIGROUP INC COMMON STOCK COM 172967424 363 8,561 SH   SOLE   8,561 0 0
CRESTWOOD EQUITY PARTNERS MLP 226344208 65 3,214 SH   SOLE   3,214 0 0
EMC CORP/MASS COM 268648102 284 10,449 SH   SOLE   10,449 0 0
FORD MOTOR CO C COM 345370860 154 12,263 SH   SOLE   12,263 0 0
GENERAL ELECTRIC CO COM 369604103 107 3,393 SH   SOLE   3,393 0 0
INTEL CORP COM 458140100 278 8,484 SH   SOLE   8,484 0 0
ISHARES MSCI EMERGING MKT IN ETF 464287234 14,881 433,105 SH   SOLE   433,105 0 0
ISHARES MSCI EAFE INDEX FUND ETF 464287465 26,865 481,288 SH   SOLE   481,288 0 0
ISHARES IBOXX H/Y CORP BOND ETF 464288513 1,553 18,341 SH   SOLE   18,341 0 0
IVY HIGH INCOME FUND-CL I FND 466000122 1,926 269,355 SH   SOLE   269,355 0 0
ELI LILLY & CO COMMON STOCK COM 532457108 223 2,828 SH   SOLE   2,828 0 0
MARTIN MIDSTREAM PARTNERS LP MLP 573331105 1,795 77,714 SH   SOLE   77,714 0 0
MEMORIAL PRODUCTION PARTNERS MLP 586048100 3,189 1,678,620 SH   SOLE   1,678,620 0 0
PENNANTPARK INVESTMENT CORP COM 708062104 942 137,848 SH   SOLE   137,848 0 0
PLAINS ALL AMER PIPELINE LP MLP 726503105 3,197 116,281 SH   SOLE   116,281 0 0
PUTNAM PREMIER INCOME TRUST FND 746853100 776 165,204 SH   SOLE   165,204 0 0
SYMANTEC CORP COM 871503108 1,235 60,117 SH   SOLE   60,117 0 0
TEMPLETON EMERG MKTS INC FD FND 880192109 13,754 1,313,645 SH   SOLE   1,313,645 0 0
TIME INC COM 887228104 1 50 SH   SOLE   50 0 0
UNISYS CORP COM 909214306 0 32 SH   SOLE   32 0 0
WELLS FARGO & CO COM 949746101 124 2,613 SH   SOLE   2,613 0 0
XEROX CORP COM 984121103 197 20,792 SH   SOLE   20,792 0 0
TOTAL SA-SPON ADR COM 89151E109 48 996 SH   SOLE   996 0 0
ALERIAN MLP ETF FND 00162Q866 2,843 223,536 SH   SOLE   223,536 0 0
AMERICAN CAPITAL AGENCY CORP REIT FND 02503X105 5 276 SH   SOLE   276 0 0
AMERICAN CAPITAL LTD COM 02503Y103 49,655 3,136,737 SH   SOLE   3,136,737 0 0
ARCHROCK PARTNERS LP COM 03957U100 109 8,030 SH   SOLE   8,030 0 0
BLACKROCK DEBT STRATEGIES FD FND 09255R103 847 239,858 SH   SOLE   239,858 0 0
CISCO SYSTEMS INC COM 17275R102 130 4,524 SH   SOLE   4,524 0 0
ENBRIDGE ENERGY PARTNERS LP MLP 29250R106 2,084 89,817 SH   SOLE   89,817 0 0
ENERGY TRANSFER PARTNERS LP MLP 29273R109 1,919 50,413 SH   SOLE   50,413 0 0
GENERAL MOTORS CO COM 37045V100 34 1,218 SH   SOLE   1,218 0 0
GENERAL MOTORS-CW16 07/10/2016 WARRANT *W EXP 07/10/201 37045V118 19 1,014 SH   SOLE   1,014 0 0
GENERAL MOTORS-CW19 07/10/2019 WARRANT *W EXP 07/10/201 37045V126 11 1,014 SH   SOLE   1,014 0 0
HP INC COM 40434L105 306 24,373 SH   SOLE   24,373 0 0
HEWLETT PACKARD ENTERPRIS COM 42824C109 445 24,373 SH   SOLE   24,373 0 0
INVESCO DYNAMIC CREDIT OPP FND 46132R104 965 87,597 SH   SOLE   87,597 0 0
PETROLEO BRASILEIRO S.A. COM 71654V408 1,578 220,435 SH   SOLE   220,435 0 0
PIMCO DYNAMIC CREDIT INCOME FND 72202D106 4,273 223,368 SH   SOLE   223,368 0 0
PROSHARES ULTRASHORT 20+Y TR - FIXED INCOME ETF 74347B201 6,953 219,414 SH   SOLE   219,414 0 0
PRUDENTIAL GL SH DUR HI YLD FND 74433A109 2,344 156,178 SH   SOLE   156,178 0 0
SPDR TRUST SERIES 1 ETF 78462F103 414 1,976 SH   SOLE   1,976 0 0
SPDR BARCLAYS CAPITAL HIGH ETF 78464A417 1,006 28,188 SH   SOLE   28,188 0 0
SANDRIDGE PERMIAN TRUST COM 80007A102 6,440 2,477,015 SH   SOLE   2,477,015 0 0
SANDRIDGE MISSISSIPPIAN COM 80007V106 3,571 2,088,364 SH   SOLE   2,088,364 0 0
TC PIPELINES LP PARTNERSHIP MLP 87233Q108 919 16,045 SH   SOLE   16,045 0 0
TENARIS SA-ADR DEPOSITORY COM 88031M109 48 1,677 SH   SOLE   1,677 0 0
VANGUARD NATURAL RESOURCES FND 92205F106 14 10,278 SH   SOLE   10,278 0 0
WMI HOLDINGS CORP COMMON STOCK COM 92936P100 2 953 SH   SOLE   953 0 0
WELLS FARGO ADVANTAGE INCOME FND 94987B105 30,676 3,882,981 SH   SOLE   3,882,981 0 0
WILLIAMS PARTNERS LP PARTNERSHIP MLP 96949L105 3,053 88,142 SH   SOLE   88,142 0 0
CALL 100 ISHARES TR MSCI EMERGING MKTS ETF CALL 99QAFKEBV 753 2,544 SH   SOLE   2,544 0 0
CALL 100 ISHARES TR MSCI EMERGING MKTS ETF CALL 99QAFKEBW 399 1,697 SH   SOLE   1,697 0 0
CALL 100 ISHARES TR MSCI EAFE ETF EXP 12-16- CALL 99QAHWJQF 5 157 SH   SOLE   157 0 0
CALL 100 PETROLEO BRASILEIRO SA PETROBRAS CALL 99QAIG5KH 138 2,160 SH   SOLE   2,160 0 0
TEEKAY LNG PARTNERS LP PARTNERSHIP SHARES MLP Y8564M105 291 25,827 SH   SOLE   25,827 0 0
TEEKAY OFFSHORE PARTNERS LP MLP Y8565J101 210 35,343 SH   SOLE   35,343 0 0