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
ALLIANCE CALIF MUN INCOME FD Equity 018546101 190 14,011 SH   SOLE   14,011 0 0
AMAZON COM INC Equity 023135106 589 294 SH   SOLE   294 0 0
APPLE INC Equity 037833100 1,944 8,610 SH   SOLE   8,610 0 0
BERKSHIRE HATHAWAY INC DEL Equity 084670108 320 1 SH   SOLE   1 0 0
BERKSHIRE HATHAWAY INC DEL Equity 084670702 895 4,179 SH   SOLE   4,179 0 0
CHEVRON CORP NEW Equity 166764100 508 4,158 SH   SOLE   4,157 0 0
COBIZ FINANCIAL INC Equity 190897108 238 10,729 SH   SOLE   10,729 0 0
CONVERGYS CORP Equity 212485106 299 12,588 SH   SOLE   12,588 0 0
DBX ETF TR Equity 233051200 308 9,525 SH   SOLE   9,525 0 0
DISNEY WALT CO Equity 254687106 306 2,615 SH   SOLE   2,615 0 0
FOREST CITY RLTY TR INC Equity 345605109 1,036 41,274 SH   SOLE   41,274 0 0
GENERAL ELECTRIC CO Equity 369604103 332 29,439 SH   SOLE   29,439 0 0
GILEAD SCIENCES INC Equity 375558103 218 2,826 SH   SOLE   2,826 0 0
GRAMERCY PPTY TR Equity 385002308 824 30,043 SH   SOLE   30,043 0 0
HOME DEPOT INC Equity 437076102 387 1,869 SH   SOLE   1,868 0 0
HONEYWELL INTL INC Equity 438516106 223 1,342 SH   SOLE   1,342 0 0
INTEL CORP Equity 458140100 430 9,091 SH   SOLE   9,091 0 0
ISHARES TR Equity 464287168 2,463 24,694 SH   SOLE   24,694 0 0
ISHARES TR Equity 464287200 5,761 19,681 SH   SOLE   19,680 0 0
ISHARES TR Equity 464287226 578 5,475 SH   SOLE   5,474 0 0
ISHARES TR Equity 464287465 970 14,274 SH   SOLE   14,273 0 0
ISHARES TR Equity 464287499 651 2,952 SH   SOLE   2,952 0 0
ISHARES TR Equity 464287507 290 1,442 SH   SOLE   1,442 0 0
ISHARES TR Equity 464287598 244 1,929 SH   SOLE   1,929 0 0
ISHARES TR Equity 464287622 212 1,314 SH   SOLE   1,313 0 0
ISHARES TR Equity 464287655 2,578 15,293 SH   SOLE   15,293 0 0
ISHARES TR Equity 464287721 369 1,902 SH   SOLE   1,902 0 0
ISHARES TR Equity 464287804 518 5,934 SH   SOLE   5,934 0 0
ISHARES TR Equity 464288448 559 17,133 SH   SOLE   17,133 0 0
ISHARES TR Equity 464288570 321 3,007 SH   SOLE   3,007 0 0
JOHNSON & JOHNSON Equity 478160104 490 3,547 SH   SOLE   3,547 0 0
KMG CHEMICALS INC Equity 482564101 113 1,499 SH   SOLE   1,499 0 0
LASALLE HOTEL PPTYS Equity 517942108 942 27,235 SH   SOLE   27,235 0 0
MICROSOFT CORP Equity 594918104 397 3,468 SH   SOLE   3,468 0 0
NUVEEN AMT FREE QLTY MUN INC Equity 670657105 2,471 195,187 SH   SOLE   195,186 0 0
PEPSICO INC Equity 713448108 304 2,719 SH   SOLE   2,719 0 0
PFIZER INC Equity 717081103 322 7,310 SH   SOLE   7,310 0 0
PHILIP MORRIS INTL INC Equity 718172109 208 2,550 SH   SOLE   2,550 0 0
PIONEER MUN HIGH INCOME TR Equity 723763108 1,446 130,010 SH   SOLE   130,009 0 0
RAYTHEON CO Equity 755111507 227 1,099 SH   SOLE   1,099 0 0
ROCKWELL COLLINS INC Equity 774341101 2,233 15,895 SH   SOLE   15,895 0 0
SCHWAB STRATEGIC TR Equity 808524201 1,545 22,208 SH   SOLE   22,207 0 0
SCHWAB STRATEGIC TR Equity 808524508 921 15,921 SH   SOLE   15,921 0 0
SCHWAB STRATEGIC TR Equity 808524607 1,127 14,800 SH   SOLE   14,800 0 0
SCHWAB STRATEGIC TR Equity 808524706 1,077 41,874 SH   SOLE   41,874 0 0
SCHWAB STRATEGIC TR Equity 808524805 896 26,731 SH   SOLE   26,730 0 0
TEMPLETON GLOBAL INCOME FD Equity 880198106 1,238 202,334 SH   SOLE   202,334 0 0
US BANCORP DEL Equity 902973304 400 7,566 SH   SOLE   7,566 0 0
VANGUARD GROUP Equity 921908844 213 1,927 SH   SOLE   1,926 0 0
VANGUARD BD INDEX FD INC Equity 921937835 263 3,345 SH   SOLE   3,344 0 0
VANGUARD TAX MANAGED INTL FD Equity 921943858 4,488 103,723 SH   SOLE   103,723 0 0
VANGUARD WHITEHALL FDS INC Equity 921946406 292 3,351 SH   SOLE   3,351 0 0
VANGUARD INTL EQUITY INDEX F Equity 922042858 3,064 74,731 SH   SOLE   74,730 0 0
VANGUARD INTL EQUITY INDEX F Equity 922042866 498 6,998 SH   SOLE   6,997 0 0
VANGUARD INTL EQUITY INDEX F Equity 922042874 368 6,553 SH   SOLE   6,553 0 0
VANGUARD INDEX FDS Equity 922908363 1,211 4,536 SH   SOLE   4,536 0 0
VANGUARD INDEX FDS Equity 922908629 4,509 27,461 SH   SOLE   27,461 0 0
VANGUARD INDEX FDS Equity 922908751 3,896 23,964 SH   SOLE   23,964 0 0
VANGUARD INDEX FDS Equity 922908769 8,250 55,128 SH   SOLE   55,127 0 0
DUN & BRADSTREET CORP DEL NE Equity 26483E100 267 1,875 SH   SOLE   1,875 0 0
BLACKROCK CALIF MUN INCOME T Equity 09248E102 323 26,132 SH   SOLE   26,131 0 0
EVENTBRITE INC Equity 29975E109 256 6,750 SH   SOLE   6,750 0 0
AT&T INC Equity 00206R102 442 13,167 SH   SOLE   13,167 0 0
ACORDA THERAPEUTICS INC Equity 00484MAA4 13 15,000 SH   SOLE   15,000 0 0
AETNA INC NEW Equity 00817Y108 2,021 9,965 SH   SOLE   9,965 0 0
ALLIANCEBERNSTEIN NATL MUNI Equity 01864U106 2,682 216,470 SH   SOLE   216,469 0 0
ALLIANCEBERNSTEIN GBL HGH IN Equity 01879R106 1,252 107,435 SH   SOLE   107,434 0 0
ALPHABET INC Equity 02079K305 320 265 SH   SOLE   265 0 0
AMTRUST FINL SVCS INC Equity 032359AG6 14 15,000 SH   SOLE   15,000 0 0
B RILEY FINL INC Equity 05580M108 5,663 250,000 SH   OTR   0 0 250,000
BLACKROCK MUNI INTER DR FD I Equity 09253X102 749 57,281 SH   SOLE   57,281 0 0
BLACKROCK MUNIHLDNGS CALI QL Equity 09254L107 334 26,603 SH   SOLE   26,603 0 0
CBOE GLOBAL MARKETS INC Equity 12503M108 1,247 13,000 SH   SOLE   13,000 0 0
CA INC Equity 12673P105 1,035 23,452 SH   SOLE   23,452 0 0
CISCO SYS INC Equity 17275R102 387 7,949 SH   SOLE   7,949 0 0
COMCAST CORP NEW Equity 20030N101 286 8,068 SH   SOLE   8,068 0 0
DTF TAX-FREE INCOME INC Equity 23334J107 1,657 128,951 SH   SOLE   128,951 0 0
DELL TECHNOLOGIES INC Equity 24703L103 226 2,323 SH   SOLE   2,323 0 0
DREYFUS MUN BD INFRSTRCTR FD Equity 26203D101 774 62,311 SH   SOLE   62,310 0 0
EATON VANCE CA MUNI INCOME T Equity 27826F101 171 15,188 SH   SOLE   15,187 0 0
EATON VANCE MUN BD FD Equity 27827X101 979 84,890 SH   SOLE   84,890 0 0
EATON VANCE CALIF MUN BD FD Equity 27828A100 314 31,571 SH   SOLE   31,571 0 0
EATON VANCE CALIF MUN BD FD Equity 27828C106 110 10,777 SH   SOLE   10,776 0 0
EATON VANCE TAX ADV BD OPT S Equity 27829M103 155 17,591 SH   SOLE   17,590 0 0
ECHO GLOBAL LOGISTICS INC Equity 27875TAA9 21 20,000 SH   SOLE   20,000 0 0
EDITAS MEDICINE INC Equity 28106W103 336 10,570 SH   SOLE   10,570 0 0
ENERGEN CORP Equity 29265N108 1,354 15,715 SH   SOLE   15,715 0 0
EXANTAS CAP CORP Equity 30068N105 185 16,807 SH   SOLE   16,807 0 0
EXPRESS SCRIPTS HLDG CO Equity 30219G108 217 2,288 SH   SOLE   2,288 0 0
EXXON MOBIL CORP Equity 30231G102 236 2,772 SH   SOLE   2,771 0 0
FACEBOOK INC Equity 30303M102 440 2,673 SH   SOLE   2,673 0 0
GAMING & LEISURE PPTYS INC Equity 36467J108 571 16,195 SH   SOLE   16,195 0 0
GOGO INC Equity 38046CAB5 14 15,000 SH   SOLE   15,000 0 0
HOUGHTON MIFFLIN HARCOURT CO Equity 44157R109 98 14,064 SH   SOLE   14,064 0 0
INVESCO SR INCOME TR Equity 46131H107 2,674 621,848 SH   SOLE   621,848 0 0
INVESCO MUN TR Equity 46131J103 988 85,652 SH   SOLE   85,651 0 0
INVESCO CALIF VALUE MUN INC Equity 46132H106 358 30,582 SH   SOLE   30,581 0 0
INVESCO VALUE MUN INCOME TR Equity 46132P108 2,115 152,783 SH   SOLE   152,783 0 0
INVESCO QUALITY MUNI INC TRS Equity 46133G107 740 63,946 SH   SOLE   63,946 0 0
ISHARES S&P GSCI COMMODITY I Equity 46428R107 453 25,000 SH   SOLE   25,000 0 0
ISHARES INC Equity 46434G103 351 6,769 SH   SOLE   6,769 0 0
ISHARES TR Equity 46435G672 461 8,810 SH   SOLE   8,810 0 0
JPMORGAN CHASE & CO Equity 46625H100 243 2,155 SH   SOLE   2,155 0 0
K2M GROUP HLDGS INC Equity 48273J107 443 16,170 SH   SOLE   16,170 0 0
KB HOME Equity 48666KAS8 20 20,000 SH   SOLE   20,000 0 0
MACQUARIE INFRASTRUCTURE COR Equity 55608BAA3 15 15,000 SH   SOLE   15,000 0 0
MERCK & CO INC Equity 58933Y105 273 3,854 SH   SOLE   3,854 0 0
NATIONAL HEALTH INVS INC Equity 63633DAE4 23 20,000 SH   SOLE   20,000 0 0
NEUBERGER BERMAN HGH YLD FD Equity 64128C106 1,230 112,366 SH   SOLE   112,365 0 0
NUVEEN SELECT TAX FREE INCM Equity 67062F100 506 36,387 SH   SOLE   36,386 0 0
NUVEEN SELECT TAX FREE INCM Equity 67063C106 255 19,123 SH   SOLE   19,123 0 0
NUVEEN SELECT TAX FREE INCM Equity 67063X100 458 32,730 SH   SOLE   32,730 0 0
NVIDIA CORP Equity 67066G104 573 2,040 SH   SOLE   2,040 0 0
NUVEEN QUALITY MUNCP INCOME Equity 67066V101 1,161 90,764 SH   SOLE   90,764 0 0
PGIM SHORT DURATION HIGH YIE Equity 69346H100 2,402 169,906 SH   SOLE   169,905 0 0
PGIM GLOBAL SHORT DURATION H Equity 69346J106 1,294 93,298 SH   SOLE   93,297 0 0
PINNACLE FOODS INC DEL Equity 72348P104 2,061 31,805 SH   SOLE   31,805 0 0
PINNACLE ENTMT INC NEW Equity 72348Y105 757 22,461 SH   SOLE   22,461 0 0
POTBELLY CORP Equity 73754Y100 183 14,841 SH   SOLE   14,841 0 0
RPM INTL INC Equity 749685AT0 18 15,000 SH   SOLE   15,000 0 0
SPDR S&P 500 ETF TR Equity 78462F103 1,489 5,122 SH   SOLE   5,121 0 0
SPDR GOLD TRUST Equity 78463V107 610 5,412 SH   SOLE   5,412 0 0
SPDR INDEX SHS FDS Equity 78463X509 1,449 41,612 SH   SOLE   41,612 0 0
SPDR INDEX SHS FDS Equity 78463X889 1,501 48,781 SH   SOLE   48,781 0 0
SPDR SERIES TRUST Equity 78464A417 321 8,914 SH   SOLE   8,914 0 0
SPDR SERIES TRUST Equity 78464A847 2,499 69,132 SH   SOLE   69,132 0 0
SPDR SERIES TRUST Equity 78464A854 3,672 107,772 SH   SOLE   107,772 0 0
SPDR DOW JONES INDL AVRG ETF Equity 78467X109 338 1,280 SH   SOLE   1,279 0 0
SPDR SER TR Equity 78468R853 2,780 83,635 SH   SOLE   83,635 0 0
SEACOR HOLDINGS INC Equity 811904AM3 10 10,000 SH   SOLE   10,000 0 0
SPECTRA ENERGY PARTNERS LP Equity 84756N109 865 24,236 SH   SOLE   24,236 0 0
TWENTY FIRST CENTY FOX INC Equity 90130A101 1,427 30,800 SH   SOLE   30,800 0 0
VANGUARD SCOTTSDALE FDS Equity 92206C409 346 4,428 SH   SOLE   4,428 0 0
VECTREN CORP Equity 92240G101 485 6,784 SH   SOLE   6,784 0 0
VECTOR GROUP LTD Equity 92240MBC1 21 20,000 SH   SOLE   20,000 0 0
VERIZON COMMUNICATIONS INC Equity 92343V104 363 6,808 SH   SOLE   6,807 0 0
VERINT SYS INC Equity 92343XAA8 21 20,000 SH   SOLE   20,000 0 0
VIVALDI OPPORTUNITIES FD Equity 92853C207 51,529 3,474,628 SH   OTR   0 0 3,269,957
WESTERN ASSET HIGH INCM FD I Equity 95766J102 1,173 185,089 SH   SOLE   185,089 0 0
WESTERN ASSET HIGH INCM OPP Equity 95766K109 1,247 261,931 SH   SOLE   261,930 0 0
WESTERN ASSET MUN HI INCM FD Equity 95766N103 252 35,610 SH   SOLE   35,609 0 0
WISDOMTREE TR Equity 97717W315 306 7,000 SH   SOLE   7,000 0 0
WILLIS TOWERS WATSON PUB LTD Equity G96629103 246 1,744 SH   SOLE   1,744 0 0
CRISPR THERAPEUTICS AG Equity H17182108 222 5,006 SH   SOLE   5,006 0 0
SODASTREAM INTERNATIONAL LTD Equity M9068E105 827 5,779 SH   SOLE   5,779 0 0
VIVALDI OPPORTUNITIES FD Equity 92853C207 3,035 204,671 SH   DFND   0 204,671 0