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
ABERDEEN JAPAN EQUITY FUND COM 00306J109 7,543 947,582 SH   SOLE   947,582 0 0
ABERDEEN LATIN AMER EQTY FD COM 00306K106 890 37,843 SH   SOLE   37,843 0 0
ABERDEEN SINGAPORE FUND COM 003244100 3,435 321,067 SH   SOLE   321,067 0 0
ADAMS EXPRESS CO COM 006212104 48,804 3,549,380 SH   SOLE   3,549,380 0 0
ALLIANCE CALIF MUN INCOME FD COM 018546101 206 15,500 SH   SOLE   15,500 0 0
ALLIANCE NATIONAL MUNI COM 01864u106 8,813 658,664 SH   SOLE   658,664 0 0
ALLIANZGI EQUITY & CONVERTIB COM 018829101 19,265 998,201 SH   SOLE   998,201 0 0
ALPINE GLOBAL DYNAMIC DIVIDEND FUND COM 02082E205 2,103 215,489 SH   SOLE   215,489 0 0
ASIA PAC FD COM 044901106 18,822 1,539,013 SH   SOLE   1,539,013 0 0
BARINGTON HILCO ACQUISITION COM 06759v101 7,666 751,568 SH   SOLE   751,568 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW COM 084670702 208 1,250 SH   SOLE   1,250 0 0
BLACKROCK CORE BD TR COM 09249E101 18,125 1,357,655 SH   SOLE   1,357,655 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 42,374 3,219,924 SH   SOLE   3,219,924 0 0
BLACKROCK ENH CAP & INC FD I COM 09256A109 14,590 1,018,823 SH   SOLE   1,018,823 0 0
BLACKROCK GLOBAL OPPORTUNITIES EQUITY TRST COM 092501105 10,858 875,661 SH   SOLE   875,661 0 0
BLACKROCK INCOME TR COM 09247F100 59,295 9,579,236 SH   SOLE   9,579,236 0 0
BLACKROCK INTL GRWTH & INC TR COM 092524107 22,056 3,809,371 SH   SOLE   3,809,371 0 0
BLACKROCK MUNI INTERM DURATI COM 09253X102 16,252 1,173,449 SH   SOLE   1,173,449 0 0
BLACKROCK MUNI N Y INTER DUR COM 09255F109 723 52,557 SH   SOLE   52,557 0 0
BLACKROCK MUNIYLD MICH QLTY FD COM 09254V105 9,120 670,618 SH   SOLE   670,618 0 0
BLACKROCK NEW YORK MUNI BOND COM 09249P106 261 18,502 SH   SOLE   18,502 0 0
BLACKROCK NY INS MUN COM 09249U105 2,090 159,399 SH   SOLE   159,399 0 0
BLACKROCK SCIENCE & TECHNOLOGY TRUST COM 09258G104 24,780 1,171,094 SH   SOLE   1,171,094 0 0
BLACKSTONE GSO STRATEGIC CR COM 09257R101 168 10,600 SH   SOLE   10,600 0 0
BOULDER GROWTH & INCOME FD I COM 101507101 7,647 822,281 SH   SOLE   822,281 0 0
CHINA FD INC COM 169373107 3,706 223,032 SH   SOLE   223,032 0 0
CLOUGH GLBL OPPORTUNITIES FD COM 18914e106 10,278 998,858 SH   SOLE   998,858 0 0
COHEN & STEERS GLOBAL INC BLDR COM 19248M103 2,614 285,336 SH   SOLE   285,336 0 0
CONSTELLATION BRANDS INC-A COM 21036P108 687 4,240 SH   SOLE   4,240 0 0
CONSTELLATION BRANDS INC-B COM 21036p207 438 2,696 SH   SOLE   2,696 0 0
DISNEY WALT CO COM DISNEY COM 254687106 382 2,944 SH   SOLE   2,944 0 0
DREYFUS MUN BD INFRSTRCTR FD COM 26203D101 695 54,855 SH   SOLE   54,855 0 0
DUFF & PHELPS UTILITY & CORPORATE BOND TR COM 26432k108 15,281 1,659,141 SH   SOLE   1,659,141 0 0
DWS HIGH INCOME OPPORTUNITIES COM 25158y102 1,538 105,000 SH   SOLE   105,000 0 0
EASTERLY ACQUISITION CORP COM 27616l102 12,435 1,248,616 SH   SOLE   1,248,616 0 0
EATON VANCE CA MUNI INCOME TR COM 27826F101 555 45,269 SH   SOLE   45,269 0 0
EATON VANCE ENHANCED EQ INC COM 278274105 2,784 212,360 SH   SOLE   212,360 0 0
EATON VANCE MI MUNI INCOME TR COM 27826D106 1,350 103,735 SH   SOLE   103,735 0 0
EATON VANCE MUN BD FD COM 27827X101 41,842 3,334,051 SH   SOLE   3,334,051 0 0
EATON VANCE MUN BD FD II COM 27827K109 8,504 692,486 SH   SOLE   692,486 0 0
EATON VANCE NEW YORK MUN BD COM 27827Y109 820 66,417 SH   SOLE   66,417 0 0
EATON VANCE NY MUNI INCOME COM 27826w104 304 23,701 SH   SOLE   23,701 0 0
EATON VANCE OH MUNICIPAL COM 27826G109 595 43,818 SH   SOLE   43,818 0 0
EATON VANCE PA MUN BD FD COM 27828W102 229 18,000 SH   SOLE   18,000 0 0
EATON VANCE PA MUNI INCOME TR COM 27826T101 1,005 83,363 SH   SOLE   83,363 0 0
EATON VANCE TX ADV GLBL DIV COM 27828s101 1,375 87,731 SH   SOLE   87,731 0 0
EATON VANCE TX MGD DIV EQ IN COM 27828N102 265 23,920 SH   SOLE   23,920 0 0
EUROPEAN EQUITY FUND COM 298768102 4,314 518,500 SH   SOLE   518,500 0 0
EXXON MOBIL CORP COM 30231G102 875 10,668 SH   SOLE   10,668 0 0
FEDERATED PREMIER INT MUNI COM 31423M105 19,499 1,481,655 SH   SOLE   1,481,655 0 0
FIRST TR ENHANCED EQTY INC FD COM 337318109 18,891 1,308,274 SH   SOLE   1,308,274 0 0
FIRST TR STRATEGIC HIGH INC COM 337353304 159 12,180 SH   SOLE   12,180 0 0
FIRST TRUST ABERDEEN GLOBAL COM 337319107 38,978 3,354,364 SH   SOLE   3,354,364 0 0
GABELLI DIVD & INCOME TR COM 36242H104 906 43,423 SH   SOLE   43,423 0 0
GABELLI EQUITY TRUST COM 362397101 17,470 2,926,290 SH   SOLE   2,926,290 0 0
GABELLI GLOBAL SMALL & M COM 36249W104 808 70,974 SH   SOLE   70,974 0 0
GABELLI HLTHCARE & WELLNESS TR COM 36246K103 9,337 934,671 SH   SOLE   934,671 0 0
GENERAL AMERN INVS COM 368802104 23,775 709,489 SH   SOLE   709,489 0 0
HARMONY MERGER CORP COM 413247107 15,609 1,528,800 SH   SOLE   1,528,800 0 0
HOME DEPOT INC COM 437076102 402 2,741 SH   SOLE   2,741 0 0
INVESCO ADVANTAGE MUNICIPAL COM 46132E103 675 60,263 SH   SOLE   60,263 0 0
INVESCO BD FD COM 46132L107 1,502 79,322 SH   SOLE   79,322 0 0
INVESCO MUN TR COM 46131J103 2,476 197,580 SH   SOLE   197,580 0 0
INVESCO QUALITY MUNI INC TRST COM 46133G107 295 23,699 SH   SOLE   23,699 0 0
INVESCO TR INVT GRADE MUNS COM 46131M106 718 55,263 SH   SOLE   55,263 0 0
INVESCO TR INVT GRADE NY MUN COM 46131t101 399 29,600 SH   SOLE   29,600 0 0
INVESCO VALUE MUN INCOME TR COM 46132P108 1,192 81,685 SH   SOLE   81,685 0 0
ISHARES 3-7 YR TR BD ETF COM 464288661 455 3,700 SH   SOLE   3,700 0 0
ISHARES CORE MSCI EUROPE ETF COM 46434V738 321 7,300 SH   SOLE   7,300 0 0
ISHARES INC MSCI JPN ETF COM 46434G822 15,599 302,902 SH   SOLE   302,902 0 0
ISHARES MSCI ACWI EX US ETF COM 464288240 6,318 144,833 SH   SOLE   144,833 0 0
ISHARES MSCI CDA ETF COM 464286509 21,191 788,341 SH   SOLE   788,341 0 0
ISHARES MSCI EMERGING MKT INDEX ETF COM 464287234 739 18,760 SH   SOLE   18,760 0 0
ISHARES TR EUROPE ETF COM 464287861 1,269 30,325 SH   SOLE   30,325 0 0
ISHARES TR SHRT NAT MUN ETF COM 464288158 25,521 241,697 SH   SOLE   241,697 0 0
JAPAN SMALLER CAPTLZTN FD COM 47109U104 18,340 1,691,875 SH   SOLE   1,691,875 0 0
JENSYN ACQ CORP COM 47632b102 5,832 568,975 SH   SOLE   568,975 0 0
JM GLOBAL ACQ CORP COM 46590H101 456 45,775 SH   SOLE   45,775 0 0
JOHN HANCOCK INCOME SECS TR COM 410123103 5,133 363,041 SH   SOLE   363,041 0 0
JOHNSON & JOHNSON COM COM 478160104 259 2,076 SH   SOLE   2,076 0 0
JPMORGAN CHINA REGION FUND COM 48126T104 1,326 72,323 SH   SOLE   72,323 0 0
KIMBERLY CLARK CORP COM 494368103 355 2,697 SH   SOLE   2,697 0 0
KOREA EQUITY FD COM 50063B104 7,796 887,871 SH   SOLE   887,871 0 0
LAZARD WORLD DIVID & INCOME FD COM 521076109 17,712 1,663,087 SH   SOLE   1,663,087 0 0
LENNOX INTL INC COM 526107107 14,597 87,249 SH   SOLE   87,249 0 0
LIBERTY ALL STAR EQUITY FD COM 530158104 43,880 8,036,686 SH   SOLE   8,036,686 0 0
M I ACQUISITIONS INC COM 55304a104 679 67,925 SH   SOLE   67,925 0 0
M III ACQUISITION CORP COM 55378T104 12,315 1,256,642 SH   SOLE   1,256,642 0 0
MACQUARIE GLBL INFRA TOTL RETN COM 55608D101 3,302 144,498 SH   SOLE   144,498 0 0
MADISON STRATEGIC SECTR PREM COM 558268108 16,747 1,372,665 SH   SOLE   1,372,665 0 0
MADISON/CLAYMORE COVERED CAL COM 557437100 15,982 1,990,347 SH   SOLE   1,990,347 0 0
MANAGED DURATION INVESTMENT GR COM 56165r103 18,676 1,414,845 SH   SOLE   1,414,845 0 0
MFS INTER INCOME TR COM 55273C107 25,009 5,802,501 SH   SOLE   5,802,501 0 0
MFS INVT GRADE MUN TR COM 59318B108 25,919 2,688,646 SH   SOLE   2,688,646 0 0
MICROSOFT CORP COM 594918104 255 3,872 SH   SOLE   3,872 0 0
MORGAN STANLEY ASIA PAC FD COM 61744U106 1,840 119,849 SH   SOLE   119,849 0 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 2,037 138,117 SH   SOLE   138,117 0 0
MORGAN STANLEY INDIA INVS FD COM 61745C105 1,373 43,547 SH   SOLE   43,547 0 0
MORGAN STANLEY TRUSTS INCOME SECS COM 61745P874 39,470 2,207,518 SH   SOLE   2,207,518 0 0
NEUBERGER BERMAN NY INT MUN COM 64124k102 320 25,576 SH   SOLE   25,576 0 0
NEW GERMANY FD INC COM 644465106 10,410 704,809 SH   SOLE   704,809 0 0
NEW IRELAND FUND INC COM 645673104 11,977 946,034 SH   SOLE   946,034 0 0
NFJ DVD INTEREST & PR STRAT COM 01883a107 8,155 632,656 SH   SOLE   632,656 0 0
NOVANTA INC COM 67000B104 407 15,342 SH   SOLE   15,342 0 0
NUCOR CORP COM 670346105 249 4,168 SH   SOLE   4,168 0 0
NUVEEN AMT-FREE MUN INCOME FD COM 670657105 18,648 1,395,787 SH   SOLE   1,395,787 0 0
NUVEEN CORE EQUITY ALPHA FUND COM 67090X107 9,417 675,996 SH   SOLE   675,996 0 0
NUVEEN DIV ADV MUNI FD 3 COM 67070X101 5,019 348,806 SH   SOLE   348,806 0 0
NUVEEN DIVID ADVANTAGE MUN FD COM 67066V101 13,888 1,014,472 SH   SOLE   1,014,472 0 0
NUVEEN DIVID ADVANTAGE MUN INC COM 67071L106 999 68,317 SH   SOLE   68,317 0 0
NUVEEN DOW30 DYNAMIC OVERWRITE FUND COM 67075F105 4,948 316,150 SH   SOLE   316,150 0 0
NUVEEN INT DUR QUAL MUN TRM FD COM 670677103 7,170 554,940 SH   SOLE   554,940 0 0
NUVEEN NY AMT-FREE MUN INCOME COM 670656107 23,128 1,781,809 SH   SOLE   1,781,809 0 0
NUVEEN OHIO QUALITY INC MUNI COM 670980101 7,074 478,303 SH   SOLE   478,303 0 0
NUVEEN SELECT TAX FREE INCM SH COM 67063C106 768 57,255 SH   SOLE   57,255 0 0
NUVEEN SELECT TAX FREE INCM SH COM 67063X100 586 41,221 SH   SOLE   41,221 0 0
PACHOLDER HIGH YIELD FUND, INC COM 693742108 493 63,908 SH   SOLE   63,908 0 0
PAYCHEX INC COM 704326107 278 4,726 SH   SOLE   4,726 0 0
PEPSICO INC COM 713448108 265 2,370 SH   SOLE   2,370 0 0
PIONEER MUN HIGH INCOME ADV COM 723762100 110 10,000 SH   SOLE   10,000 0 0
PIONEER MUN HIGH INCOME TR COM 723763108 1,525 131,201 SH   SOLE   131,201 0 0
POWERSHARES ETF TR II WK VRDO COM 73936t433 21,006 842,920 SH   SOLE   842,920 0 0
PROCTER & GAMBLE CO COM 742718109 223 2,484 SH   SOLE   2,484 0 0
PUTNAM MANAGED MUN INCOM TR COM 746823103 106 14,600 SH   SOLE   14,600 0 0
QUINPARIO ACQ CORP COM 74874u101 11,380 1,141,400 SH   SOLE   1,141,400 0 0
ROYCE VALUE TR INC COM 780910105 1,152 82,256 SH   SOLE   82,256 0 0
SEMPRA ENERGY COM 816851109 227 2,050 SH   SOLE   2,050 0 0
SPDR S&P 500 ETF COM 78462F103 65,926 279,656 SH   SOLE   279,656 0 0
SPDR SERIES TRUST NUVN BR SHT MUNI ETF COM 78468R739 107,346 2,216,055 SH   SOLE   2,216,055 0 0
STELLAR ACQUISITION III INC COM y8172w107 8,130 808,943 SH   SOLE   808,943 0 0
SWISS HELVETIA FD INC COM 870875101 16,393 1,413,182 SH   SOLE   1,413,182 0 0
TEKLA HEALTHCARE OPPORTUNITIES COM 879105104 6,110 351,143 SH   SOLE   351,143 0 0
TEMPLETON DRAGON FD INC COM 88018T101 791 42,115 SH   SOLE   42,115 0 0
TEMPLETON EMERGING MKTS FD COM 880191101 2,437 173,822 SH   SOLE   173,822 0 0
TRI CONTL CORP COM 895436103 29,668 1,283,204 SH   SOLE   1,283,204 0 0
TURKISH INVT FD COM 900145103 163 19,637 SH   SOLE   19,637 0 0
VAN KAMP PENN VAL MUNI INCOM COM 46132K109 12,896 1,059,688 SH   SOLE   1,059,688 0 0
VANECK VECTORS ETF TR AMT FREE SHORT COM 92189f528 2,695 154,443 SH   SOLE   154,443 0 0
VANGUARD FTSE ALL-WORLD EX-US ETF COM 922042775 21,681 453,296 SH   SOLE   453,296 0 0
VANGUARD INDEX FDS S&P 500 ETF COM 922908363 183,238 846,953 SH   SOLE   846,953 0 0
VANGUARD INDEX FDS SMALL CP ETF COM 922908751 67,299 504,946 SH   SOLE   504,946 0 0
VANGUARD INFORMATION TECHNOLOGY INDEX ETF COM 92204A702 22,354 164,816 SH   SOLE   164,816 0 0
VANGUARD INTERMEDIATE TERM GOVT BD ETF COM 92206c706 2,451 38,115 SH   SOLE   38,115 0 0
VANGUARD INTL EQUITY INDEX FD FTSE ETF COM 922042858 19,936 501,902 SH   SOLE   501,902 0 0
VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF COM 922042874 61,499 1,192,533 SH   SOLE   1,192,533 0 0
VANGUARD INTL EQUITY INDEX FD MEGA CAP GRO ETF COM 922042866 37,318 589,726 SH   SOLE   589,726 0 0
VANGUARD LONG-TERM BOND ETF COM 921937793 8,581 95,300 SH   SOLE   95,300 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP COM 92206c870 12,504 144,755 SH   SOLE   144,755 0 0
VANGUARD SHORT-TERM BOND ETF COM 921937827 20,085 251,950 SH   SOLE   251,950 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF COM 921943858 1,159 29,498 SH   SOLE   29,498 0 0
VANGUARD TOTAL BOND ETF COM 921937835 31,982 394,446 SH   SOLE   394,446 0 0
VANGUARD US TOTAL STOCK MKT ETF COM 922908769 32,034 264,046 SH   SOLE   264,046 0 0
VIRTUS GLOBAL DIVIDEND & INCOME FUND COM 92835W107 1,214 103,381 SH   SOLE   103,381 0 0
VIRTUS GLOBAL MULTI-SECTOR INCOME FUND COM 92829b101 4,952 306,029 SH   SOLE   306,029 0 0
VOYA ASIA PACIFIC HIGH DIVIDEND COM 92912J102 1,149 113,299 SH   SOLE   113,299 0 0
VOYA EMERGING MKTS HIGH DIV EQ FD COM 92912P108 2,957 342,277 SH   SOLE   342,277 0 0
VOYA GLBL ADV & PREM OPP FD COM 92912R104 3,297 314,623 SH   SOLE   314,623 0 0
VOYA GLOBAL EQUITY DIVIDEND & PREM OPP FD COM 92912T100 3,885 529,270 SH   SOLE   529,270 0 0
W P CAREY INC COM 92936U109 242 3,889 SH   SOLE   3,889 0 0
WELLS FARGO ADVANTAGE GLOBAL COM 94987C103 3,086 530,246 SH   SOLE   530,246 0 0
WESTERN ASSET CLYM INFL OPP IN COM 95766R104 14,307 1,280,864 SH   SOLE   1,280,864 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 513 29,475 SH   SOLE   29,475 0 0
WESTERN ASSET HGH YLD DFNDFD COM 95768b107 238 15,500 SH   SOLE   15,500 0 0
WESTERN ASSET MUN HI INCM FD COM 95766N103 585 80,884 SH   SOLE   80,884 0 0
ZWEIG FD COM 989834205 1,130 101,601 SH   SOLE   101,601 0 0