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
Dreyfus Strategic Municipals, ETF 261932107 293 38,140 SH   SOLE   38,140 0 0
iShares Core S&P Mid-Cap ETF ETF 464287507 629 3,227 SH   SOLE   3,227 0 0
iShares Core Total US Bond Mar ETF 464287226 2,427 22,829 SH   SOLE   22,829 0 0
iShares Dow Jones Select Divid ETF 464287168 4,110 42,046 SH   SOLE   42,046 0 0
iShares FTSE NAREIT Residentia ETF 464288562 209 3,321 SH   SOLE   3,086 0 235
iShares High Dividend Fund ETF 46429b663 349 4,112 SH   SOLE   4,112 0 0
iShares iBoxx High Yield Corp ETF 464288513 459 5,396 SH   SOLE   5,307 0 89
iShares iBoxx Investment Grade ETF 464287242 392 3,422 SH   SOLE   3,422 0 0
iShares JPMorgan USD Emerging ETF 464288281 443 4,146 SH   SOLE   4,016 0 130
iShares MSCI EAFE ETF 464287465 3,029 45,235 SH   SOLE   45,235 0 0
iShares MSCI Emerging Markets ETF 464287234 2,677 61,776 SH   SOLE   61,776 0 0
iShares Russell 1000 Growth ETF 464287614 33,296 231,545 SH   SOLE   231,545 0 0
iShares Russell 1000 Value ETF 464287598 18,112 149,214 SH   SOLE   149,214 0 0
iShares Russell 2000 Index ETF 464287655 6,499 39,684 SH   SOLE   39,684 0 0
iShares Russell 2000 Value ETF 464287630 979 7,419 SH   SOLE   7,419 0 0
iShares Russell Midcap ETF 464287499 4,510 21,262 SH   SOLE   21,262 0 0
iShares S&P 500 Barra Value ETF 464287408 1,728 15,691 SH   SOLE   15,691 0 0
iShares S&P Mid Cap Growth ETF 464287606 327 1,456 SH   SOLE   1,456 0 0
iShares S&P Midcap 400 Value E ETF 464287705 1,150 7,096 SH   SOLE   7,096 0 0
iShares S&P US Preferred Stock ETF 464288687 2,054 54,464 SH   SOLE   54,464 0 0
JPMorgan Alerian MLP Index ETF 46625H365 2,089 78,585 SH   SOLE   78,585 0 0
Powershares Emerging Market So ETF 46138e784 784 29,550 SH   SOLE   29,550 0 0
PowerShares FTSE RAFI US 1500 ETF 46137V597 7,198 51,726 SH   SOLE   51,726 0 0
PowerShares Fundamental High Y ETF 46138e719 332 18,137 SH   SOLE   18,137 0 0
PowerShares Preferred Portfoli ETF 46138e511 457 31,395 SH   SOLE   31,395 0 0
Powershares S&P 500 Pure Growt ETF 46137v266 52,079 453,811 SH   SOLE   453,811 0 0
Real Estate Select Sector SPDR ETF 81369Y860 267 8,158 SH   SOLE   0 0 8,158
S&P Depositary Receipts S&P 50 ETF 78462f103 7,775 28,662 SH   SOLE   28,662 0 0
Schwab Emerging Markets Equity ETF 808524706 2,537 97,996 SH   SOLE   97,969 0 27
Schwab International Equity ETF 808524805 844 25,542 SH   SOLE   25,479 0 63
Schwab US Aggregate Bond ETF 808524839 1,669 32,967 SH   SOLE   29,969 0 2,998
Schwab US Dividend Equity ETF ETF 808524797 522 10,599 SH   SOLE   10,599 0 0
Schwab US Large-Cap Growth ETF 808524300 69,732 920,185 SH   SOLE   918,936 0 1,249
Schwab US Large-Cap Value ETF 808524409 1,144 21,542 SH   SOLE   20,931 0 611
Schwab US Mid-Cap ETF 808524508 9,012 164,177 SH   SOLE   163,656 0 521
Schwab US REIT ETF 808524847 1,673 40,041 SH   SOLE   40,029 0 12
Schwab US Small-Cap ETF 808524607 15,632 212,476 SH   SOLE   211,534 0 942
SPDR Barclays Short Term Corp ETF 78464a474 595 19,740 SH   SOLE   18,740 0 1,000
SPDR Barclays Short Term High ETF 78468r408 382 13,980 SH   SOLE   13,705 0 275
SPDR Consumer Discretionary ETF 81369y407 1,793 16,400 SH   SOLE   0 0 16,400
SPDR Consumer Staples Sector ETF 81369y308 1,226 23,800 SH   SOLE   0 0 23,800
SPDR Financial Sector ETF 81369y605 1,788 67,233 SH   SOLE   0 0 67,233
SPDR Health Care Sector ETF 81369y209 1,385 16,600 SH   SOLE   0 0 16,600
SPDR Industrials Sector ETF 81369y704 1,334 18,618 SH   SOLE   0 0 18,618
SPDR S&P 600 Small Cap Value E ETF 78464a300 658 9,854 SH   SOLE   9,854 0 0
SPDR Technology Sector ETF 81369y803 3,580 51,528 SH   SOLE   0 0 51,528
Vanguard Bond Index Fund ETF 921937819 834 10,296 SH   SOLE   10,296 0 0
Vanguard Growth ETF 922908736 1,954 13,044 SH   SOLE   13,044 0 0
Vanguard Large-Cap ETF 922908637 226 1,811 SH   SOLE   1,811 0 0
Vanguard Mid-Cap ETF 922908629 2,684 17,025 SH   SOLE   17,025 0 0
Vanguard Small-Cap ETF 922908751 2,744 17,630 SH   SOLE   17,630 0 0
Buckeye Partners LP MLPS 118230101 541 15,384 SH   SOLE   15,384 0 0
Energy Transfer Equity LP MLPS 29273V100 949 55,041 SH   SOLE   55,041 0 0
Energy Transfer Partners LP MLPS 29273r109 691 36,294 SH   SOLE   36,294 0 0
Enterprise Products Partners L MLPS 293792107 1,159 41,883 SH   SOLE   41,883 0 0
Genesis Energy LP MLPS 371927104 819 37,366 SH   SOLE   37,366 0 0
Magellan Midstream Partners LP MLPS 559080106 2,341 33,885 SH   SOLE   33,885 0 0
MPLX Lp MLPS 55336V100 649 19,014 SH   SOLE   19,014 0 0
Plains All American Pipline LP MLPS 726503105 900 38,080 SH   SOLE   38,080 0 0
Western Gas Equity Partners LP MLPS 95825R103 791 22,122 SH   SOLE   22,122 0 0
Western Gas Partners LP MLPS 958254104 901 18,624 SH   SOLE   18,624 0 0
Advantage Oil & Gas Ltd Common Stock 00765f101 174 56,185 SH   SOLE   56,185 0 0
Apple Computer Inc. Common Stock 037833100 334 1,802 SH   SOLE   1,802 0 0
Applied Genetic Technologies C Common Stock 03820J100 129 34,845 SH   SOLE   34,845 0 0
Armstrong Flooring, Inc Common Stock 04238R106 328 23,374 SH   SOLE   23,374 0 0
Associated Capital Group Common Stock 045528106 213 5,612 SH   SOLE   5,612 0 0
ASTA Funding, Inc Common Stock 046220109 47 13,668 SH   SOLE   13,668 0 0
Bemis Company Inc. Common Stock 081437105 253 6,000 SH   SOLE   6,000 0 0
Berkshire Hathaway Cl B Common Stock 084670702 252 1,350 SH   SOLE   1,350 0 0
CatchMark Timber Trust Inc Common Stock 14912y202 188 14,740 SH   SOLE   14,740 0 0
Cato Corp -Class A Common Stock 149205106 458 18,613 SH   SOLE   18,613 0 0
Charles Schwab Corp Common Stock 808513105 247 4,839 SH   SOLE   4,839 0 0
Crimson Wine Group Ltd Common Stock 22662X100 244 26,369 SH   SOLE   26,369 0 0
CSS Industries, Inc Common Stock 125906107 455 26,915 SH   SOLE   26,915 0 0
Era Group Inc. Common Stock 26885G109 265 20,429 SH   SOLE   20,429 0 0
Facebook, Inc. Common Stock 30303M102 218 1,122 SH   SOLE   1,122 0 0
Five Star Quality Care, Inc Common Stock 33832D106 193 128,444 SH   SOLE   128,444 0 0
GDL Fund Common Stock 361570104 514 56,042 SH   SOLE   56,042 0 0
GigCapital, Inc Common Stock 37518N106 136 13,784 SH   SOLE   13,784 0 0
Global Indemnity Plc Common Stock 053256074 274 7,031 SH   SOLE   7,031 0 0
Hennessy Capital Acquisition C Common Stock 42588L105 140 13,779 SH   SOLE   13,779 0 0
Home Depot Inc. Common Stock 437076102 366 1,877 SH   SOLE   0 0 1,877
Independence Contract Drilling Common Stock 453415309 168 40,750 SH   SOLE   40,750 0 0
Kansas City Life Ins Co Common Stock 484836200 265 6,615 SH   SOLE   6,615 0 0
Kayne Anderson Acquisition Cor Common Stock 48661U102 135 13,676 SH   SOLE   13,676 0 0
Key Tronic Corp Common Stock 493144109 283 37,393 SH   SOLE   37,393 0 0
Lockheed Martin Common Stock 539830109 537 1,816 SH   SOLE   0 0 1,816
Luby's, Inc Common Stock 549282101 188 72,549 SH   SOLE   72,549 0 0
Microsoft Corporation Common Stock 594918104 243 2,466 SH   SOLE   2,466 0 0
Oaktree Specialty Lending Corp Common Stock 67401P108 159 33,242 SH   SOLE   33,242 0 0
One Madison Corp Common Stock g6772p100 134 13,815 SH   SOLE   13,815 0 0
Owens Realty Mortgage, Inc. Common Stock 690828108 411 24,623 SH   SOLE   24,623 0 0
PHI, Inc Common Stock 69336T205 178 17,515 SH   SOLE   17,515 0 0
Raytheon Company Common Stock 755111507 291 1,506 SH   SOLE   0 0 1,506
Richardson Electronics, Ltd. Common Stock 763165107 478 49,092 SH   SOLE   49,092 0 0
Seneca Foods Corporation Common Stock 817070501 228 8,434 SH   SOLE   8,434 0 0
Sherwin-Williams Co. Common Stock 824348106 419 1,027 SH   SOLE   0 0 1,027
Tejon Ranch Co. Common Stock 879080109 266 10,962 SH   SOLE   10,962 0 0
VOXX International Corp Common Stock 91829f104 388 71,865 SH   SOLE   71,865 0 0