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
3M Co COM 88579Y101 2,424 17,758 SH   SOLE   0 0 17,758
Alexandria Real COM 015271109 254 1,850 SH   DFND   1,850 0 0
Allstate Corp COM 020002101 2,060 22,457 SH   SOLE   0 0 22,457
American Tower-A ADR 03027X100 544 2,500 SH   DFND   0 0 2,500
Amgen Inc COM 031162100 3,744 18,466 SH   SOLE   18,466 0 0
Apple Inc COM 037833100 1,148 4,513 SH   SOLE   0 0 4,513
Apple Inc COM 037833100 763 3,000 SH   DFND   0 0 3,000
Artesian Resource Corp COM 043113208 3,145 84,138 SH   SOLE   84,138 0 0
Astrazeneca-Adr ADR 046353108 357 8,000 SH   DFND   0 0 8,000
At&T Inc COM 00206R102 242 8,303 SH   SOLE   8,303 0 0
Automatic Data Processing COM 053015103 203 1,483 SH   SOLE   0 0 1,483
Bank Of America Corporation COM 060505104 421 19,821 SH   SOLE   0 0 19,821
Beasley Broadcast Grp Inc COM 074014101 61 33,000 SH   DFND   33,000 0 0
Blackrock Intern L Grth & Inc Common COM 092524107 2,466 548,086 SH   SOLE   0 0 548,086
Blackrock Muniyield Qty Iii COM 09254E103 1,128 88,271 SH   SOLE   88,271 0 0
Bp Plc-Adr ADR 055622104 337 13,816 SH   DFND   0 0 13,816
Cabot Microelectronics Corp COM 12709P103 1,097 9,610 SH   SOLE   0 0 9,610
Chase Corp COM 16150R104 4,298 52,224 SH   SOLE   52,224 0 0
Cimarex Energy Co COM 171798101 560 33,293 SH   SOLE   0 0 33,293
Commercial Metals Co COM 201723103 191 12,127 SH   SOLE   0 0 12,127
Compania Cervecerias -Adr ADR 204429104 193 14,401 SH   DFND   14,401 0 0
Consumer Discret Sel Sect Spdr Etf COM 81369Y407 4,028 41,064 SH   SOLE   0 0 41,064
Consumer Staples Select Sector Spdr Etf COM 81369Y308 3,399 62,409 SH   SOLE   0 0 62,409
Covanta Holding Corp COM 22282E102 95 11,091 SH   SOLE   0 0 11,091
Crown Castle Int COM 22822V101 289 2,000 SH   DFND   2,000 0 0
Csx Corp COM 126408103 3,624 63,253 SH   SOLE   0 0 63,253
Cvs Health Corp COM 126650100 1,279 21,563 SH   SOLE   0 0 21,563
Cyrusone, Inc. COM 23283R100 321 5,200 SH   DFND   0 0 5,200
Diageo Plc-Adr ADR 25243Q205 356 2,800 SH   DFND   2,800 0 0
Digital Realty COM 253868103 468 3,368 SH   DFND   0 0 3,368
Electronic Arts COM 285512109 200 2,000 SH   DFND   0 0 2,000
Energy Select Sector Spdr Etf COM 81369Y506 574 19,742 SH   SOLE   19,742 0 0
Enterprise Products Partners Lp COM 293792107 979 68,485 SH   SOLE   68,485 0 0
Everest Re Group Ltd COM G3223R108 2,366 12,298 SH   SOLE   12,298 0 0
Extra Space Stor COM 30225T102 239 2,500 SH   DFND   2,500 0 0
Exxon Mobil Corporation COM 30231G102 1,037 27,308 SH   SOLE   27,308 0 0
Foundation Building COM 350392106 103 10,000 SH   DFND   0 0 10,000
Galapagos Nv COM 36315X101 294 1,500 SH   DFND   1,500 0 0
Glaxosmithkl-Adr ADR 37733W105 322 8,500 SH   DFND   0 0 8,500
Global Self Storage Inc COM 37955N106 91 26,000 SH   DFND   0 0 26,000
Goldman Sachs Activebeta Intl Eq Etf COM 381430107 6,555 284,248 SH   SOLE   284,248 0 0
Goldman Sachs Activebeta Us Lgcp Eq Etf COM 381430503 3,739 71,645 SH   SOLE   0 0 71,645
Granite Point Mortgage COM 38741L107 61 12,000 SH   DFND   12,000 0 0
Hdfc Bank Ltd - Adr ADR 40415F101 308 8,000 SH   DFND   0 0 8,000
Ingles Markets Inc COM 457030104 3,129 86,544 SH   SOLE   86,544 0 0
Inseego Corp COM 45782B104 75 12,000 SH   SOLE   12,000 0 0
Intercontinental Hotels COM 45857P806 257 6,103 SH   DFND   6,103 0 0
Invesco Bulletshares 2023 Corp Bd Etf COM 46138J866 2,442 117,841 SH   SOLE   117,841 0 0
Invesco Bulletshares 2023 Hy Corp Bd Etf COM 46138J858 3,174 141,376 SH   SOLE   141,376 0 0
Invesco Bulletshares 2024 Corp Bd Etf COM 46138J841 3,592 173,942 SH   SOLE   173,942 0 0
Invesco Bulletshares 2025 Corp Bd Etf COM 46138J825 4,403 214,027 SH   SOLE   0 0 214,027
Invesco Muni Opps. Trust Common COM 46132C107 1,067 93,152 SH   SOLE   0 0 93,152
Invesco S&P 500 Eq Weight Hc Etf COM 46137V332 3,755 19,847 SH   SOLE   19,847 0 0
Invesco S&P 500 Equal Weight Etf COM 46137V357 3,392 40,374 SH   SOLE   40,374 0 0
Invesco S&P Global Water Index Etf COM 46138E651 1,876 56,586 SH   SOLE   56,586 0 0
Ishares 0-5 Year High Yield Corp Bd COM 46434V407 207 5,075 SH   SOLE   5,075 0 0
Ishares Cali Amt-Free Muni Bond COM 464288356 584 9,646 SH   SOLE   9,646 0 0
Ishares Cohen & Steers Reit COM 464287564 2,197 23,993 SH   SOLE   23,993 0 0
Ishares Core S&P Mid-Cap COM 464287507 3,130 21,756 SH   SOLE   21,756 0 0
Ishares Core Us Aggregate Bond COM 464287226 1,950 16,899 SH   SOLE   0 0 16,899
Ishares Floating Rate Bond COM 46429B655 6,194 127,086 SH   SOLE   0 0 127,086
Ishares Global Healthcare COM 464287325 3,472 56,971 SH   SOLE   56,971 0 0
Ishares Global Tech Etf COM 464287291 2,175 11,926 SH   SOLE   11,926 0 0
Ishares Iboxx $ Invst Grade Crp Bond COM 464287242 1,912 15,477 SH   SOLE   0 0 15,477
Ishares Mbs COM 464288588 1,839 16,650 SH   SOLE   0 0 16,650
Ishares Msci Eafe COM 464287465 791 14,789 SH   SOLE   0 0 14,789
Ishares Msci Eafe Small-Cap COM 464288273 3,030 67,581 SH   SOLE   0 0 67,581
Ishares National Amt-Free Muni Bond COM 464288414 1,464 12,958 SH   SOLE   0 0 12,958
Ishares Russell 1000 COM 464287622 4,109 29,032 SH   SOLE   0 0 29,032
Ishares Russell 2000 COM 464287655 1,428 12,477 SH   SOLE   0 0 12,477
Ishares Russell Mid-Cap COM 464287499 2,563 59,370 SH   SOLE   0 0 59,370
Ishares Select Dividend COM 464287168 2,515 34,200 SH   SOLE   34,200 0 0
Ishares Short-Term National Muni Bond COM 464288158 807 7,595 SH   SOLE   0 0 7,595
James Hardie Ind Plc Adr ADR 47030M106 300 25,000 SH   DFND   0 0 25,000
Jh Financial Opportunities Common COM 409735206 1,780 97,071 SH   SOLE   0 0 97,071
Jhancock Multifactor Large Cap Etf COM 47804J107 1,043 32,511 SH   SOLE   0 0 32,511
Johnson & Johnson COM 478160104 2,772 21,137 SH   SOLE   0 0 21,137
Jpmorgan Ultra-Short Income Etf COM 46641Q837 1,615 32,524 SH   SOLE   0 0 32,524
Kvh Industries COM 482738101 283 30,000 SH   DFND   0 0 30,000
Lennox Intl Inc COM 526107107 309 1,700 SH   DFND   0 0 1,700
Lowe S Companies Inc COM 548661107 1,528 17,758 SH   SOLE   0 0 17,758
Lowe'S Cos Inc COM 548661107 224 2,600 SH   DFND   0 0 2,600
Metlife Inc COM 59156R108 1,077 35,225 SH   SOLE   0 0 35,225
Microsoft Corp COM 594918104 619 3,928 SH   SOLE   0 0 3,928
Microsoft Corp COM 594918104 237 1,500 SH   DFND   0 0 1,500
Miller Ind Inc/Tenn COM 600551204 509 18,000 SH   DFND   0 0 18,000
National Western Life Insurance COM 638517102 1,820 10,584 SH   SOLE   0 0 10,584
Netapp Inc COM 64110D104 375 9,000 SH   DFND   0 0 9,000
Nice Systems-Adr ADR 653656108 574 4,000 SH   DFND   0 0 4,000
Norfolk Southern COM 655844108 438 3,000 SH   DFND   0 0 3,000
Novartis Ag COM 66987V109 1,936 23,478 SH   SOLE   0 0 23,478
Nuveen Intermediate Duration Muni Term COM 670671106 1,749 134,632 SH   SOLE   0 0 134,632
Nxp Semiconductors Nv COM N6596X109 1,053 12,693 SH   SOLE   0 0 12,693
Old Republic International Corp COM 680223104 1,015 66,566 SH   SOLE   66,566 0 0
Pearson Plc COM 705015105 138 20,000 SH   DFND   0 0 20,000
Phillips 66 Com COM 718546104 844 15,739 SH   SOLE   0 0 15,739
Pimco Enhanced Short Maturity Etf COM 72201R833 1,802 18,205 SH   SOLE   0 0 18,205
Powershrs Bulletshares 2020 Corp Etf COM 46138J502 6,174 293,878 SH   SOLE   293,878 0 0
Powershrs Bulletshares 2020 Hy Corp Etf COM 46138J601 919 39,969 SH   SOLE   0 0 39,969
Powershrs Bulletshares 2021 Corp Etf COM 46138J700 6,304 300,602 SH   SOLE   300,602 0 0
Powershrs Bulletshares 2022 Corp Etf COM 46138J882 3,894 183,857 SH   SOLE   183,857 0 0
Powershrs Bulletshares 2022 Hy Corp Etf COM 46138J874 4,075 188,119 SH   SOLE   188,119 0 0
Procter & Gamble COM 742718109 385 3,500 SH   DFND   0 0 3,500
Qualcomm Inc COM 747525103 365 5,390 SH   SOLE   5,390 0 0
Redwood Trust COM 758075402 77 15,192 SH   DFND   0 0 15,192
Regions Financial Corp COM 7591EP100 161 18,000 SH   DFND   0 0 18,000
Rgc Resources COM 74955L103 923 31,888 SH   SOLE   31,888 0 0
Royce Micro Cap Trust Common COM 780915104 1,771 318,465 SH   SOLE   318,465 0 0
Royce Value Trust Common COM 780910105 118 12,158 SH   SOLE   12,158 0 0
Sba Communications Corp COM 78410G104 540 2,000 SH   DFND   0 0 2,000
Schwab Emerging Markets Equity Etf COM 808524706 263 12,695 SH   SOLE   12,695 0 0
Schwab Fundamental Us Large Company Etf COM 808524771 2,397 76,504 SH   SOLE   76,504 0 0
Schwab International Equity Etf COM 808524805 1,029 39,824 SH   SOLE   39,824 0 0
Schwab Us Aggregate Bond Etf COM 808524839 1,611 29,688 SH   SOLE   29,688 0 0
Schwab Us Mid-Cap Etf COM 808524508 1,225 29,047 SH   SOLE   0 0 29,047
Schwab Us Small-Cap Etf COM 808524607 1,145 22,217 SH   SOLE   0 0 22,217
Skyworks Solutio COM 83088M102 358 4,000 SH   DFND   0 0 4,000
Spdr Blmbg Barclays St Corp Bd Etf COM 78464A474 1,737 57,423 SH   SOLE   0 0 57,423
Spdr S&P 500 Etf COM 78462F103 395 1,534 SH   SOLE   1,534 0 0
Spdr S&P Midcap 400 Etf COM 78467Y107 363 1,380 SH   SOLE   0 0 1,380
Stryker Corporation COM 863667101 2,582 15,510 SH   SOLE   0 0 15,510
Tecnoglass Inc COM G87264100 99 25,634 SH   DFND   0 0 25,634
Templeton Emerging Markets COM 880191101 1,636 146,721 SH   SOLE   0 0 146,721
Thermo Fisher COM 883556102 567 2,000 SH   DFND   0 0 2,000
Tyson Foods Inc COM 902494103 1,227 21,195 SH   SOLE   0 0 21,195
Udr Inc COM 902653104 364 9,951 SH   SOLE   0 0 9,951
Unilever Nv-Nys COM 904784709 439 9,000 SH   DFND   9,000 0 0
Valmont Industries Inc COM 920253101 2,543 23,998 SH   SOLE   0 0 23,998
Vanguard Ftse Developed Markets Etf COM 921943858 7,509 225,237 SH   SOLE   225,237 0 0
Vanguard Ftse Emerging Markets Etf COM 922042858 1,187 35,393 SH   SOLE   35,393 0 0
Vanguard High Dividend Yield Etf COM 921946406 1,154 16,309 SH   SOLE   0 0 16,309
Vanguard Information Technology Etf COM 92204A702 9,076 42,833 SH   SOLE   0 0 42,833
Vanguard S&P 500 Etf COM 922908363 346 1,463 SH   SOLE   0 0 1,463
Vanguard Short-Term Corporate Bond Etf COM 92206C409 2,517 31,817 SH   SOLE   31,817 0 0
Verizon Communications Inc COM 92343V104 355 6,606 SH   SOLE   6,606 0 0
Voya Asia Pacific High Dividend Eq Inc COM 92912J102 1,114 171,089 SH   SOLE   0 0 171,089
Voya Financial Inc COM 929089100 1,967 48,511 SH   SOLE   0 0 48,511
Walt Disney Co COM 254687106 822 8,507 SH   SOLE   0 0 8,507
Walt Disney Co COM 254687106 290 3,000 SH   DFND   0 0 3,000
Western Asset Glb Corp Def Opp Common COM 95790C107 3,453 251,463 SH   SOLE   0 0 251,463
Western Asset High Income Opp COM 95766K109 4,019 954,543 SH   SOLE   0 0 954,543
Williams Companies Inc COM 969457100 698 49,294 SH   SOLE   49,294 0 0
Wp Carey Inc COM 92936U109 260 4,470 SH   DFND   4,470 0 0
Wpx Energy Inc COM 98212B103 70 22,944 SH   SOLE   22,944 0 0