Rothschild Investment 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
AES TR III PFD CV 6.75%	CV PFD	00808n202	1,207	23,910	SH		DFND		0	0	23,910
100,000THS CEF COHEN & STEERS	COM	bkc47l109	0	87,208	SH		DFND		0	0	87,208
3M CO COM	COM	88579Y101	3,149	28,801	SH		DFND		0	0	28,801
ABBOTT LABS	COM	002824100	6,059	173,717	SH		DFND		0	0	173,717
ABBVIE INC COM	COM	00287Y109	10,349	250,336	SH		DFND		0	0	250,336
ABRAXAS PETE CORP COM	COM	003830106	42	20,000	SH		DFND		0	0	20,000
ACADIA HEALTHCARE CO	COM	00404a109	2,040	61,675	SH		DFND		0	0	61,675
ACCENTURE PLC IRELAND CL A	COM	g1151c101	529	7,350	SH		DFND		0	0	7,350
ACORN ENERGY INC COM	COM	004848107	222	26,276	SH		DFND		0	0	26,276
ADOBE SYS INC	COM	00724F101	692	15,185	SH		DFND		0	0	15,185
AEGON N V ORD AMER REG	COM	007924103	142	21,018	SH		DFND		0	0	21,018
AGL RES INC	COM	001204106	205	4,787	SH		DFND		0	0	4,787
ALCOA INC.	COM	013817101	1,380	176,412	SH		DFND		0	0	176,412
ALLEGHENY TECHNOLOGIES COM	COM	01741r102	1,010	38,400	SH		DFND		0	0	38,400
ALLSTATE CORP COM	COM	020002101	567	11,774	SH		DFND		0	0	11,774
ALTRIA GROUP INC	COM	02209S103	620	17,727	SH		DFND		0	0	17,727
AMAZON COM INC COM	COM	023135106	646	2,326	SH		DFND		0	0	2,326
AMEREN CORP COM	COM	023608102	836	24,270	SH		DFND		0	0	24,270
AMERICAN ELECTRIC POWER	COM	025537101	733	16,370	SH		DFND		0	0	16,370
AMERICAN EXPRESS CO	COM	025816109	222	2,963	SH		DFND		0	0	2,963
AMERICAN INTL GROUP INC COM NE	COM	026874784	4,996	111,760	SH		DFND		0	0	111,760
AMERICAN TOWER REIT COM	COM	03027x100	369	5,042	SH		DFND		0	0	5,042
AMERIPRISE FINL INC COM	COM	03076c106	360	4,453	SH		DFND		0	0	4,453
AMGEN INC	COM	031162100	3,765	38,157	SH		DFND		0	0	38,157
ANNALY CAP MGMT INC COM	COM	035710409	972	77,324	SH		DFND		0	0	77,324
APACHE CORP	COM	037411105	598	7,131	SH		DFND		0	0	7,131
APPLE COMPUTER INC	COM	037833100	20,530	51,773	SH		DFND		0	0	51,773
AQUA AMERICA INC COM	COM	03836W103	216	6,900	SH		DFND		0	0	6,900
ARCH COAL INC COM	COM	039380100	51	13,450	SH		DFND		0	0	13,450
ARCHER DANIELS MIDLAND	COM	039483102	429	12,657	SH		DFND		0	0	12,657
ARES CAP CORP COM	COM	04010l103	1,610	93,625	SH		DFND		0	0	93,625
AT&T INC COM	COM	00206r102	6,935	195,911	SH		DFND		0	0	195,911
AUTOMATIC DATA PROCESSING	COM	053015103	451	6,550	SH		DFND		0	0	6,550
BANK OF AMER CORP	COM	060505104	4,928	383,172	SH		DFND		0	0	383,172
BARRICK GOLD CORP	COM	067901108	546	34,700	SH		DFND		0	0	34,700
BAXTER INTERNATIONAL INC	COM	071813109	2,523	36,427	SH		DFND		0	0	36,427
BEAM INC COM	COM	073730103	6,286	99,600	SH		DFND		0	0	99,600
BEBIDA BEVERAGE CO COM NEW	COM	07557q203	2	500,000	SH		DFND		0	0	500,000
BEMIS INC COM	COM	081437105	741	18,930	SH		DFND		0	0	18,930
BERKSHIRE HATHAWAY INC CL B	COM	084670702	6,890	61,566	SH		DFND		0	0	61,566
BERKSHIRE HATHAWAY INC DEL	COM	084670108	506	3	SH		DFND		0	0	3
BHP BILLITON SPONS ADR	COM	088606108	205	3,550	SH		DFND		0	0	3,550
BOEING COMPANY	COM	097023105	3,035	29,626	SH		DFND		0	0	29,626
BP PLC SPONSORED ADR	COM	055622104	1,852	44,378	SH		DFND		0	0	44,378
BR MALLS PARTICIPACOES GDR 144	COM	05569b107	1,430	80,000	SH		DFND		0	0	80,000
BRANDYWINE RLTY TR SH BEN INT	COM	105368203	162	12,000	SH		DFND		0	0	12,000
BREITBURN ENGY PRTNR COM UT LT	COM	106776107	844	46,228	SH		DFND		0	0	46,228
BRISTOL MYERS SQUIBB CO	COM	110122108	4,255	95,204	SH		DFND		0	0	95,204
C&J ENERGY SVCS INC COM	COM	12467b304	208	10,750	SH		DFND		0	0	10,750
CABELAS INC COM	COM	126804301	1,214	18,750	SH		DFND		0	0	18,750
CALFRAC WELL SRVCS LTD COM	COM	129584108	218	7,600	SH		DFND		0	0	7,600
CANADIAN IMPRL BK COMM COM	COM	136069101	443	6,245	SH		DFND		0	0	6,245
CANADIAN NATL RY CO COM	COM	136375102	1,434	14,742	SH		DFND		0	0	14,742
CARBO CERAMICS INC	COM	140781105	217	3,225	SH		DFND		0	0	3,225
CATERPILLAR TRACTOR	COM	149123101	999	12,115	SH		DFND		0	0	12,115
CELGENE CORP COM	COM	151020104	568	4,852	SH		DFND		0	0	4,852
CENTURYLINK INC	COM	156700106	489	13,836	SH		DFND		0	0	13,836
CERAGON NETWORKS LTD ORD	COM	M22013102	60	19,035	SH		DFND		0	0	19,035
CF INDS HLDGS INC COM	COM	125269100	508	2,965	SH		DFND		0	0	2,965
CHEVRON TEXACO CORP COM	COM	166764100	6,096	51,510	SH		DFND		0	0	51,510
CISCO SYS INC	COM	17275R102	6,216	255,447	SH		DFND		0	0	255,447
CLIFFS NATURAL RESOURC COM	COM	18683K101	1,075	66,175	SH		DFND		0	0	66,175
COACH INC COM	COM	189754104	659	11,550	SH		DFND		0	0	11,550
COBALT INTL ENERGY INC COM	COM	19075f106	215	8,110	SH		DFND		0	0	8,110
COCA COLA COMPANY	COM	191216100	2,140	53,344	SH		DFND		0	0	53,344
COHEN & STEERS QTY RLY COM	COM	19247L106	1,810	161,155	SH		DFND		0	0	161,155
COMCAST CORPORATION CLASS A	COM	20030n101	408	9,763	SH		DFND		0	0	9,763
COMPUGEN LTD ORD	COM	m25722105	1,821	335,380	SH		DFND		0	0	335,380
CONAGRA INC	COM	205887102	320	9,150	SH		DFND		0	0	9,150
CONOCOPHILLIPS	COM	20825C104	11,357	187,724	SH		DFND		0	0	187,724
CONSOLIDATED EDISON NEW YORK	COM	209115104	1,069	18,339	SH		DFND		0	0	18,339
CORNING INC	COM	219350105	1,807	126,975	SH		DFND		0	0	126,975
COSTCO WHOLESALE CORP-NEW	COM	22160K105	2,457	22,220	SH		DFND		0	0	22,220
COVANTA HOLDINGS CP	COM	22282e102	2,293	114,550	SH		DFND		0	0	114,550
CSX CORPORATION	COM	126408103	217	9,360	SH		DFND		0	0	9,360
CUTWATER SELECT INCOME FUN	COM	cdc229100	0	88,000	SH		DFND		0	0	88,000
CVR PARTNERS LP COM	COM	126633106	2,452	107,891	SH		DFND		0	0	107,891
CVS CORP INC	COM	126650100	2,065	36,118	SH		DFND		0	0	36,118
DANAHER CORP DEL COM	COM	235851102	361	5,700	SH		DFND		0	0	5,700
DARDEN RESTAURANTS, INC.	COM	237194105	991	19,630	SH		DFND		0	0	19,630
DEAN FOODS CO NEW COM	COM	242370104	555	55,350	SH		DFND		0	0	55,350
DECKERS OUTDOOR CORP COM	COM	243537107	933	18,475	SH		DFND		0	0	18,475
DEERE & COMPANY	COM	244199105	3,188	39,238	SH		DFND		0	0	39,238
DEVON ENERGY CORP NEW COM	COM	25179M103	282	5,436	SH		DFND		0	0	5,436
DIEBOLD INC COM	COM	253651103	639	18,965	SH		DFND		0	0	18,965
DISCOVER FINL SVCS INC	COM	254709108	6,982	146,551	SH		DFND		0	0	146,551
DOLE FOOD CO INC NEW COM	COM	256603101	675	52,950	SH		DFND		0	0	52,950
DOLLAR TREE INC COM	COM	256746108	2,514	49,450	SH		DFND		0	0	49,450
DOMINOS PIZZA INC COM	COM	25754a201	230	3,950	SH		DFND		0	0	3,950
DONNELLEY R R & SONS CO	COM	257867101	766	54,700	SH		DFND		0	0	54,700
DOW CHEMICAL CORPORATION	COM	260543103	2,964	92,126	SH		DFND		0	0	92,126
DUKE ENERGY COMPANY	COM	26441C204	3,114	46,133	SH		DFND		0	0	46,133
DUNKIN BRANDS GRP INC COM	COM	265504100	291	6,800	SH		DFND		0	0	6,800
E I DU PONT DE NEMOURS & CO	COM	263534109	9,132	173,947	SH		DFND		0	0	173,947
E M C CORP	COM	268648102	1,455	61,605	SH		DFND		0	0	61,605
EATON CORP PLC SHS	COM	g29183103	425	6,465	SH		DFND		0	0	6,465
EBAY INC COM	COM	278642103	2,696	52,125	SH		DFND		0	0	52,125
EHEALTH INC COM	COM	28238P109	380	16,725	SH		DFND		0	0	16,725
EMERSON ELECTRIC CO	COM	291011104	1,311	24,031	SH		DFND		0	0	24,031
ENBRIDGE ENERGY PRTNRS COM	COM	29250r106	3,346	109,750	SH		DFND		0	0	109,750
ENTERPRISE PRODS PARTNERS LP C	COM	293792107	1,318	21,213	SH		DFND		0	0	21,213
ESCROW CVR ENERGY INC COM	COM	126esc904	0	33,200	SH		DFND		0	0	33,200
ESCROW DWS RREEF REAL ESTATE F	COM	esc233990	0	56,385	SH		DFND		0	0	56,385
EXELON CORP	COM	30161N101	2,643	85,578	SH		DFND		0	0	85,578
EXPRESS SCRIPTS HOLDING CO.	COM	30219g108	206	3,333	SH		DFND		0	0	3,333
EXXON MOBIL CORP COM	COM	30231G102	6,355	70,340	SH		DFND		0	0	70,340
EZCHIP SEMICONDUCTOR LTD CP	COM	m4146y108	12,168	450,850	SH		DFND		0	0	450,850
FACEBOOK INC CL A	COM	30303m102	610	24,520	SH		DFND		0	0	24,520
FAMOUS DAVES AMER INC COM	COM	307068106	761	48,793	SH		DFND		0	0	48,793
FEDEX CORP	COM	31428X106	397	4,025	SH		DFND		0	0	4,025
FIRST N B ANCHRAG ALAS COM	COM	32112j106	526	306	SH		DFND		0	0	306
FIRST TR ENRGY INC & GRWTH FD	COM	33738g104	700	20,592	SH		DFND		0	0	20,592
FOOT LOCKER INC COM	COM	344849104	891	25,375	SH		DFND		0	0	25,375
FORD MOTOR COMPANY	COM	345370860	2,852	184,348	SH		DFND		0	0	184,348
FOREST LABS INC CL A	COM	345838106	258	6,300	SH		DFND		0	0	6,300
FREEPORT MCMORAN COPPER & GOLD	COM	35671D857	2,190	79,318	SH		DFND		0	0	79,318
FRONTIER COMMUNICATIONS CORP C	COM	35906a108	432	106,737	SH		DFND		0	0	106,737
GANNETT INC DEL	COM	364730101	849	34,700	SH		DFND		0	0	34,700
GAP INC	COM	364760108	578	13,856	SH		DFND		0	0	13,856
GENCO SHPPNG & TRDNG SHS	COM	y2685t107	213	130,575	SH		DFND		0	0	130,575
GENERAC HLDGS INC COM	COM	368736104	422	11,400	SH		DFND		0	0	11,400
GENERAL CABLE CORP	COM	369300108	218	7,100	SH		DFND		0	0	7,100
GENERAL DYNAMICS	COM	369550108	318	4,060	SH		DFND		0	0	4,060
GENERAL ELECTRIC CO	COM	369604103	16,001	689,989	SH		DFND		0	0	689,989
GENERAL MILLS INC	COM	370334104	291	6,000	SH		DFND		0	0	6,000
GLAXO SMITHKLINE PLC SPONS ADR	COM	37733w105	1,524	30,502	SH		DFND		0	0	30,502
GOLAR LNG LTD BERMUDA SHS	COM	g9456a100	716	22,450	SH		DFND		0	0	22,450
GOLDMAN SACHS GROUP COM	COM	38141G104	5,974	39,495	SH		DFND		0	0	39,495
GOOGLE INC CL A	COM	38259p508	9,947	11,299	SH		DFND		0	0	11,299
HAIN CELESTIAL GROUP INC COM	COM	405217100	658	10,120	SH		DFND		0	0	10,120
HALLIBURTON COMPANY	COM	406216101	7,323	175,520	SH		DFND		0	0	175,520
HCA HOLDINGS INC COM	COM	40412c101	1,553	43,080	SH		DFND		0	0	43,080
HCA-HEALTHCARE CO	COM	404119109	633	17,560	SH		DFND		0	0	17,560
HCP INC COM	COM	40414l109	409	9,000	SH		DFND		0	0	9,000
HESKA CORP COM RESTRC NEW	COM	42805e306	69	10,000	SH		DFND		0	0	10,000
HOLLYFRONTIER CORP COM	COM	436106108	4,728	110,520	SH		DFND		0	0	110,520
HOME DEPOT INC	COM	437076102	4,270	55,116	SH		DFND		0	0	55,116
HONEYWELL INTL	COM	438516106	1,541	19,417	SH		DFND		0	0	19,417
HUNT JB TRANS SVC INC COM	COM	445658107	1,647	22,800	SH		DFND		0	0	22,800
ILLINOIS TOOL WORKS	COM	452308109	2,261	32,690	SH		DFND		0	0	32,690
INCYTE PHARMACEUTICALS COM	COM	45337C102	371	16,850	SH		DFND		0	0	16,850
ING GROEP N V SPONSORED ADR	COM	456837103	135	14,850	SH		DFND		0	0	14,850
INPHI CORP COM	COM	45772f107	1,150	104,542	SH		DFND		0	0	104,542
INTEGRATED SILICON SOLUTION	COM	45812p107	413	37,700	SH		DFND		0	0	37,700
INTEGRYS ENERGY GRP INC COM	COM	45822p105	2,013	34,391	SH		DFND		0	0	34,391
INTEL CORPORATION	COM	458140100	4,279	176,599	SH		DFND		0	0	176,599
INTERNATIONAL BUSINESS MACHINE	COM	459200101	6,628	34,681	SH		DFND		0	0	34,681
INTERNATIONAL PAPER CO	COM	460146103	877	19,800	SH		DFND		0	0	19,800
ISHARES INC MSCI GERMAN	COM	464286806	473	19,160	SH		DFND		0	0	19,160
ISHARES INC MSCI ITALY	COM	464286855	470	39,800	SH		DFND		0	0	39,800
ISHARES INC MSCI SWEDEN	COM	464286756	331	11,100	SH		DFND		0	0	11,100
ISHARES TR MSCI EMERG MKT	COM	464287234	308	8,010	SH		DFND		0	0	8,010
ISHARES TR RUSSELL 2000	COM	464287655	3,174	32,726	SH		DFND		0	0	32,726
J P MORGAN CHASE & CO COM	COM	46625h100	15,292	289,681	SH		DFND		0	0	289,681
JACOBS ENGR GROUP INC COM	COM	469814107	6,599	119,702	SH		DFND		0	0	119,702
JOHNSON & JOHNSON	COM	478160104	5,924	68,999	SH		DFND		0	0	68,999
JOS A BANK CLOTHIERS COM	COM	480838101	636	15,387	SH		DFND		0	0	15,387
KEYCORP NEW COM	COM	493267108	129	11,650	SH		DFND		0	0	11,650
KIMBERLY CLARK CORP	COM	494368103	274	2,824	SH		DFND		0	0	2,824
KINDER MORGAN ENERGY PTNRS LP	COM	494550106	5,461	63,945	SH		DFND		0	0	63,945
KINDER MORGAN INC DEL COM	COM	49456b101	2,438	63,898	SH		DFND		0	0	63,898
KKR FINANCIAL HLDGS LLC COM	COM	48248a306	296	28,055	SH		DFND		0	0	28,055
KRAFT FOODS GROUP INC COM	COM	50076q106	267	4,775	SH		DFND		0	0	4,775
KROGER CO	COM	501044101	566	16,400	SH		DFND		0	0	16,400
LAS VEGAS SANDS CORP COM	COM	517834107	7,146	135,010	SH		DFND		0	0	135,010
LIFE TIME FITNESS INC COM	COM	53217r207	447	8,920	SH		DFND		0	0	8,920
LILLY ELI & COMPANY	COM	532457108	2,043	41,591	SH		DFND		0	0	41,591
LINCOLN NATL CORP IND COM	COM	534187109	509	13,960	SH		DFND		0	0	13,960
LOCKHEED MARTIN CORP	COM	539830109	1,194	11,010	SH		DFND		0	0	11,010
LOWES COS INC COM	COM	548661107	2,887	70,596	SH		DFND		0	0	70,596
LUND GOLD LTD COM	COM	550367106	0	26,000	SH		DFND		0	0	26,000
MAGNA INTERNATIONAL, INC.	COM	559222401	1,026	14,400	SH		DFND		0	0	14,400
MARKWEST ENERGY PARTNR UNIT LT	COM	570759100	613	9,175	SH		DFND		0	0	9,175
MASTERCARD INC COM	COM	57636q104	307	535	SH		DFND		0	0	535
MCDONALDS CORPORATION	COM	580135101	4,657	47,039	SH		DFND		0	0	47,039
MCGRAW HILL FINANCIAL INC	COM	580645109	327	6,150	SH		DFND		0	0	6,150
MCKENZIE BAY INTL LTD COM	COM	581531100	0	10,000	SH		DFND		0	0	10,000
MEDICAL PPTYS TR INC COM	COM	58463j304	1,054	73,600	SH		DFND		0	0	73,600
MEDTRONIC INC	COM	585055106	1,660	32,250	SH		DFND		0	0	32,250
MELLANOX TECH LTD SHS	COM	m51363113	1,788	36,115	SH		DFND		0	0	36,115
MERCK & COMPANY INC.	COM	58933y105	10,389	223,665	SH		DFND		0	0	223,665
METLIFE INC COM	COM	59156r108	926	20,240	SH		DFND		0	0	20,240
MICROSOFT CORP	COM	594918104	4,385	126,931	SH		DFND		0	0	126,931
MILLER INDS	COM	600551204	1,772	115,202	SH		DFND		0	0	115,202
MONDELEZ INTL INC CL A	COM	609207105	316	11,076	SH		DFND		0	0	11,076
MONSANTO CO NEW COM	COM	61166W101	615	6,224	SH		DFND		0	0	6,224
MORGAN STANLEY COM NEW	COM	617446448	734	30,036	SH		DFND		0	0	30,036
MVC CAPITAL INC COM	COM	553829102	315	25,000	SH		DFND		0	0	25,000
NEW MTN FIN CORP COM	COM	647551100	435	30,744	SH		DFND		0	0	30,744
NEWELL RUBBERMAID INC.	COM	651229106	428	16,315	SH		DFND		0	0	16,315
NEWMONT MNG CORP	COM	651639106	792	26,435	SH		DFND		0	0	26,435
NEXTERA ENERGY INC COM	COM	65339F101	396	4,856	SH		DFND		0	0	4,856
NII HLDGS INC CL B NEW	COM	62913f201	593	89,000	SH		DFND		0	0	89,000
NIKE INC CLASS B	COM	654106103	1,739	27,306	SH		DFND		0	0	27,306
NISOURCE INC. COM	COM	65473p105	847	29,562	SH		DFND		0	0	29,562
NOBLE CORPORATION BAAR NAMEN A	COM	h5833N103	4,971	132,275	SH		DFND		0	0	132,275
NORFOLK SOUTHERN CORP	COM	655844108	1,076	14,814	SH		DFND		0	0	14,814
NORTHERN TRUST CORPORATION	COM	665859104	479	8,270	SH		DFND		0	0	8,270
NOVARTIS A G SPONSORED ADR	COM	66987V109	1,715	24,250	SH		DFND		0	0	24,250
NUCOR CORP	COM	670346105	1,016	23,445	SH		DFND		0	0	23,445
NYSE EURONEXT COM	COM	629491101	2,202	53,200	SH		DFND		0	0	53,200
OCCIDENTAL PETE CORP	COM	674599105	787	8,825	SH		DFND		0	0	8,825
OIL SVC HOLDRS TR DEPOSTRY RCP	COM	57060u191	308	7,200	SH		DFND		0	0	7,200
OMNICOM GROUP	COM	681919106	483	7,675	SH		DFND		0	0	7,675
ON ASSIGNMENT INC COM	COM	682159108	935	35,000	SH		DFND		0	0	35,000
ORACLE SYS CORP	COM	68389X105	1,428	46,507	SH		DFND		0	0	46,507
OROMIN EXPL LTD NEW COM - DO N	COM	687082107	4	18,095	SH		DFND		0	0	18,095
PEPSICO INC	COM	713448108	1,904	23,279	SH		DFND		0	0	23,279
PFIZER INC	COM	717081103	8,236	294,028	SH		DFND		0	0	294,028
PHILIP MORRIS INTL INC COM	COM	718172109	1,673	19,315	SH		DFND		0	0	19,315
PHILLIPS 66 COM	COM	718546104	1,092	18,545	SH		DFND		0	0	18,545
PINNACLE WEST CAPITAL CORP USD	COM	723484101	546	9,840	SH		DFND		0	0	9,840
PITNEY BOWES INC	COM	724479100	558	38,000	SH		DFND		0	0	38,000
PLAINS ALL AM PIPELINE UNIT LT	COM	726503105	268	4,796	SH		DFND		0	0	4,796
POWERSHARES DB CMDTY UNIT BEN	COM	73935s105	298	11,863	SH		DFND		0	0	11,863
POWERSHARES ETF TRUST FTSE RAF	COM	73935x583	482	6,700	SH		DFND		0	0	6,700
POWERSHARES ETF TRUST PRVT EQT	COM	73935x195	169	15,500	SH		DFND		0	0	15,500
POWERSHARES QQQ TR UNIT SER 1	COM	73935A104	213	2,992	SH		DFND		0	0	2,992
PPG INDS INC COM	COM	693506107	805	5,500	SH		DFND		0	0	5,500
PPL CORPORATION	COM	69351T106	472	15,600	SH		DFND		0	0	15,600
PRAXAIR INC	COM	74005P104	806	7,000	SH		DFND		0	0	7,000
PROCTER & GAMBLE CO	COM	742718109	10,511	136,518	SH		DFND		0	0	136,518
PROSHARES TR SHORT S&P 500	COM	74347r503	230	7,750	SH		DFND		0	0	7,750
QRS MUSIC TECHNOLOGIES COM	COM	74726W107	3	25,000	SH		DFND		0	0	25,000
QUALCOMM INC	COM	747525103	17,791	291,220	SH		DFND		0	0	291,220
QUESTCOR PHARMACEUTICAL COM	COM	74835y101	862	18,975	SH		DFND		0	0	18,975
RAYTHEON CO	COM	755111507	830	12,551	SH		DFND		0	0	12,551
REALOGY HLDGS CORP COM	COM	75605y106	456	9,500	SH		DFND		0	0	9,500
REPUBLIC SVCS INC CL A	COM	760759100	860	25,325	SH		DFND		0	0	25,325
ROBERT HALF INTL INC COM	COM	770323103	839	25,250	SH		DFND		0	0	25,250
ROYAL BK CDA MONTREAL COM	COM	780087102	378	6,475	SH		DFND		0	0	6,475
ROYCE FOCUS TR COM	COM	78080n108	306	43,899	SH		DFND		0	0	43,899
RSTK STD BANCSHARES INC HICKOR	COM	853993442	0	104,086	SH		DFND		0	0	104,086
RUSHNET INC COM	COM	782074108	0	4,000,000	SH		DFND		0	0	4,000,000
SAN JUAN BASIN RTY TR UNIT BEN	COM	798241105	932	58,040	SH		DFND		0	0	58,040
SCHLUMBERGER	COM	806857108	1,221	17,036	SH		DFND		0	0	17,036
SECTOR SPDR TR SBI INT-UTILS	COM	81369y886	693	18,406	SH		DFND		0	0	18,406
SELECT SECTOR SPDR TR SBI INT-	COM	81369y605	1,978	101,725	SH		DFND		0	0	101,725
SELECT SECTOR SPDR TR SBI INT-	COM	81369y704	1,303	30,550	SH		DFND		0	0	30,550
SIRIUS XM RADIO INC COM	COM	82967n108	40	12,000	SH		DFND		0	0	12,000
SOUTHERN COMPANY	COM	842587107	266	6,018	SH		DFND		0	0	6,018
SPDR S&P 500 ETF TR UNIT SER 1	COM	78462F103	634	3,951	SH		DFND		0	0	3,951
SPDR S&P MIDCAP 400 ETF TR UNI	COM	78467y107	8,520	40,550	SH		DFND		0	0	40,550
SPDR SER TR S&P HOMEBUILDERS E	COM	78464a888	872	29,639	SH		DFND		0	0	29,639
SPIDER GOLD TR SHS	COM	78463V107	574	4,820	SH		DFND		0	0	4,820
STANLEY BLACK & DECKER COM	COM	854502101	5,178	66,989	SH		DFND		0	0	66,989
STARBUCKS CORP COM	COM	855244109	690	10,540	SH		DFND		0	0	10,540
STARWOOD PPTY TR INC COM	COM	85571b105	5,465	220,800	SH		DFND		0	0	220,800
STATE STREET BOSTON CORP	COM	857477103	548	8,400	SH		DFND		0	0	8,400
STRYKER CORP	COM	863667101	723	11,175	SH		DFND		0	0	11,175
SUNTRUST BKS INC COM	COM	867914103	231	7,328	SH		DFND		0	0	7,328
SYSCO CORP	COM	871829107	656	19,200	SH		DFND		0	0	19,200
TARGET CORP COM	COM	87612E106	879	12,768	SH		DFND		0	0	12,768
TAYLOR CAP GROUP COM	COM	876851106	302	17,860	SH		DFND		0	0	17,860
TE CONNECTIVITY LTD	COM	H84989104	1,324	29,075	SH		DFND		0	0	29,075
TECO ENERGY INC COM	COM	872375100	1,631	94,859	SH		DFND		0	0	94,859
TELETECH HOLDING	COM	879939106	1,874	80,000	SH		DFND		0	0	80,000
TEREX CORP NEW COM	COM	880779103	556	21,125	SH		DFND		0	0	21,125
TEVA PHARMACEUTICAL	COM	881624209	480	12,240	SH		DFND		0	0	12,240
THERMO FISHER SCIENTIFIC	COM	883556102	3,733	44,115	SH		DFND		0	0	44,115
TIFFANY & CO	COM	886547108	528	7,250	SH		DFND		0	0	7,250
TIME WARNER CABLE INC COM	COM	88732j207	591	5,254	SH		DFND		0	0	5,254
TIME WARNER INC	COM	887317303	1,481	25,606	SH		DFND		0	0	25,606
TITAN INTL INC ILL COM	COM	88830m102	224	13,300	SH		DFND		0	0	13,300
TITAN MACHY INC COM	COM	88830r101	735	37,425	SH		DFND		0	0	37,425
TJX COMPANIES INC (NEW)	COM	872540109	2,866	57,250	SH		DFND		0	0	57,250
TOLL BROTHERS INC COM	COM	889478103	360	11,025	SH		DFND		0	0	11,025
TORONTO DOMINION BK COM NEW	COM	891160509	709	8,825	SH		DFND		0	0	8,825
TOTAL S A SPONSORED ADR	COM	89151E109	1,138	23,375	SH		DFND		0	0	23,375
TRAVELERS COS INC COM	COM	89417E109	256	3,207	SH		DFND		0	0	3,207
TRIBUNE CO NEW CL A	COM	896047503	1,138	20,000	SH		DFND		0	0	20,000
UNION PACIFIC CORPORATION	COM	907818108	267	1,730	SH		DFND		0	0	1,730
UNITED PARCEL SERVICE CL B	COM	911312106	590	6,817	SH		DFND		0	0	6,817
UNITED TECHNOLOGIES CORP	COM	913017109	4,415	47,502	SH		DFND		0	0	47,502
UNIVERSAL HEALTH RLTY INCOME S	COM	91359E105	423	9,800	SH		DFND		0	0	9,800
UNIVERSAL HLTH SVCS CL B	COM	913903100	2,009	30,000	SH		DFND		0	0	30,000
US BANCORP DEL COM	COM	902973304	484	13,392	SH		DFND		0	0	13,392
VANGUARD SPECIALIZED DIV APP E	COM	921908844	1,614	24,382	SH		DFND		0	0	24,382
VANTAGE DRILLING COMPA ORD SHS	COM	g93205113	31	15,000	SH		DFND		0	0	15,000
VECTOR GROUP LTD COM	COM	92240M108	548	33,786	SH		DFND		0	0	33,786
VENTAS INC COM	COM	92276F100	537	7,730	SH		DFND		0	0	7,730
VERIZON COMMUNICATIONS COM	COM	92343v104	4,788	95,116	SH		DFND		0	0	95,116
VISA INC COM CL A	COM	92826c839	2,764	15,124	SH		DFND		0	0	15,124
VODAFONE GROUP PLC ADR-NEW	COM	92857w209	812	28,235	SH		DFND		0	0	28,235
WAL MART STORES INC	COM	931142103	2,797	37,553	SH		DFND		0	0	37,553
WALGREEN COMPANY	COM	931422109	2,017	45,629	SH		DFND		0	0	45,629
WALT DISNEY PRODUCTIONS	COM	254687106	1,112	17,603	SH		DFND		0	0	17,603
WASTE MGMT INC COM	COM	94106L109	996	24,688	SH		DFND		0	0	24,688
WEIGHT WATCHERS INTL COM	COM	948626106	204	4,440	SH		DFND		0	0	4,440
WELLS FARGO & COMPANY	COM	949746101	860	20,829	SH		DFND		0	0	20,829
WEST CORP COM	COM	952355204	1,088	49,130	SH		DFND		0	0	49,130
WESTERN UN CO COM	COM	959802109	548	32,000	SH		DFND		0	0	32,000
WEYERHAEUSER CO	COM	962166104	670	23,501	SH		DFND		0	0	23,501
WHITEWAVE FOODS CO COM CL A	COM	966244105	229	14,120	SH		DFND		0	0	14,120
WHITEWAVE FOODS CO COM CL B	COM	966244204	306	20,116	SH		DFND		0	0	20,116
WILLIAMS COS INC DEL COM	COM	969457100	904	27,839	SH		DFND		0	0	27,839
WISDOMTREE TR EMERGING MKTS YL	COM	97717w315	233	4,826	SH		DFND		0	0	4,826
WISDOMTREE TR INTL DV TOP 100	COM	97717w786	223	5,551	SH		DFND		0	0	5,551
WISDOMTREE TRUST EMG MKTS SMCA	COM	97717w281	753	16,363	SH		DFND		0	0	16,363
WISDOMTREE TRUST INTL LRGCAP D	COM	97717w794	430	9,750	SH		DFND		0	0	9,750
WORLD OIL RES LTD SHS	COM	q98945t10	0	10,000	SH		DFND		0	0	10,000
XILINX INC COM	COM	983919101	626	15,800	SH		DFND		0	0	15,800
YAMANA GOLD INC COM	COM	98462y100	98	10,315	SH		DFND		0	0	10,315
ZIMMER HOLDINGS INC	COM	98956P102	6,166	82,275	SH		DFND		0	0	82,275
BAIDU COM INC SPON ADR REP A	ADR	056752108	328	3,470	SH		DFND		0	0	3,470
CNOOC LTD SPONS ADR	ADR	126132109	996	5,945	SH		DFND		0	0	5,945
ENSCO PLC SHS CL A	ADR	g3157s106	948	16,310	SH		DFND		0	0	16,310
INFOSYS TECH LTD SPONSORED ADR	ADR	456788108	325	7,900	SH		DFND		0	0	7,900
NATIONAL AUSTRALIA BK SPONSORE	ADR	632525408	215	7,900	SH		DFND		0	0	7,900
NINTENDO LTD	ADR	654445303	589	40,000	SH		DFND		0	0	40,000
REPSOL S.A.	ADR	76026t205	747	35,450	SH		DFND		0	0	35,450
ROYAL BK SCOTLAND GRP SPONS AD	ADR	780097689	629	74,830	SH		DFND		0	0	74,830
ROYAL DUTCH SHELL PLC SPONS AD	ADR	780259206	347	5,432	SH		DFND		0	0	5,432
SANOFI SPONSORED ADR	ADR	80105n105	309	6,000	SH		DFND		0	0	6,000
SHIRE PHARMCTL GRP PLC SPONSOR	ADR	82481r106	599	6,300	SH		DFND		0	0	6,300
WAL-MART DE MEXICO S A ADR SR	ADR	93114W107	406	14,572	SH		DFND		0	0	14,572
AMER INTL GRP FRAC WTS EXP 01/	WARR	acg874152	0	68,765	SH		DFND		0	0	68,765
AIM INV FDS GLB HLT CARE A	MF	00141T106	242	6,657	SH		DFND		0	0	6,657
AMER INTL GRW & INC CL F-1 SHS	MF	45956t402	790	24,634	SH		DFND		0	0	24,634
AMERICAN BALANCED FD CL F	MF	024071409	1,437	65,103	SH		DFND		0	0	65,103
AMERICAN BALANCED FD COM	MF	024071102	578	26,176	SH		DFND		0	0	26,176
BLAIR WILLIAM MUT FDS INTL GRW	MF	093001402	471	20,579	SH		DFND		0	0	20,579
CAPITAL INCOME BLDR FD CL F	MF	140193400	4,028	73,929	SH		DFND		0	0	73,929
CAPITAL INCOME BUILDERS FD SH	MF	140193103	632	11,592	SH		DFND		0	0	11,592
CAPITAL WORLD GRW&INCM CL F	MF	140543406	1,394	35,498	SH		DFND		0	0	35,498
CAPITAL WORLD GRW&INCM COM	MF	140543109	339	8,610	SH		DFND		0	0	8,610
CLAYMORE ETF TR ZACKS MDCAP CR	MF	18383m720	496	12,500	SH		DFND		0	0	12,500
COLUMBIA ACORN FUND CL Z	MF	197199409	697	20,984	SH		DFND		0	0	20,984
EUROPACIFIC GROWTH FUND CLASS	MF	298706102	517	12,300	SH		DFND		0	0	12,300
FIDELITY ADVISOR SER I LEV CO	MF	315805424	754	16,405	SH		DFND		0	0	16,405
FIDELITY INVT TR JAPAN FD	MF	315910885	190	16,721	SH		DFND		0	0	16,721
FIRST EAGLE GLOBAL FUND CLASS	MF	32008f507	241	4,743	SH		DFND		0	0	4,743
FRANKLIN INCOME FD CLASS A	MF	353496300	88	38,621	SH		DFND		0	0	38,621
FUNDAMENTAL INVS INC CL F	MF	360802409	326	7,157	SH		DFND		0	0	7,157
GABELLI ASSET FD SH BEN INT	MF	362395105	327	5,552	SH		DFND		0	0	5,552
GOLDMAN SACHS TR N11 EQTY A SH	MF	38145l869	640	60,230	SH		DFND		0	0	60,230
GRANDEUR PEAK GLOBAL OPP FD IN	MF	317609360	3,141	1,113,732	SH		DFND		0	0	1,113,732
GROWTH FD AMER INC CL F	MF	399874403	415	10,857	SH		DFND		0	0	10,857
INCOME FUND AMERICA	MF	453320103	416	21,854	SH		DFND		0	0	21,854
INTERNATIONAL GRW & IN CL F-2	MF	45956t501	306	9,529	SH		DFND		0	0	9,529
MAINSTAY MARKETFIELD FD CL I	MF	56064b852	4,276	251,071	SH		DFND		0	0	251,071
MASSACHUSETTS INVS TR SH BEN I	MF	575736103	298	12,373	SH		DFND		0	0	12,373
MERIDIAN FD INC GROWTH FD	MF	589619105	291	6,570	SH		DFND		0	0	6,570
NEW PERSPECTIVE FD INC COM	MF	648018109	300	8,888	SH		DFND		0	0	8,888
OPPENHEIMER DEVLNG MKT CL A	MF	683974109	933	27,501	SH		DFND		0	0	27,501
OPPENHEIMER INTL S CO CL A	MF	68380u100	309	11,997	SH		DFND		0	0	11,997
OPPENHEIMER STEELPATH MLP INC	MF	858268600	132	11,942	SH		DFND		0	0	11,942
OPPENHEIMER STEELPTH MLP SELEC	MF	858268105	636	52,658	SH		DFND		0	0	52,658
OPPENHEIMER STRATEG FD INCOME	MF	68380K102	132	31,829	SH		DFND		0	0	31,829
PIMCO SMALL CAPS STKSPL AR STG	MF	72201f698	92	10,247	SH		DFND		0	0	10,247
POPLAR FOREST PARTNERS FD CL A	MF	00768D814	1,566	40,690	SH		DFND		0	0	40,690
POPLAR FOREST PARTNERS INSTITU	MF	00768d798	11,079	287,019	SH		DFND		0	0	287,019
ROWE PRICE NEW HORI FD COM	MF	779562107	479	12,025	SH		DFND		0	0	12,025
TEMPLETON GLOBAL INVT EMRG MKT	MF	88019r732	276	24,929	SH		DFND		0	0	24,929
TEMPLETON GLOBAL INVT FRNTR MK	MF	88019r674	269	16,326	SH		DFND		0	0	16,326
UNIFIED SER TR APPLESEED FD	MF	90470k370	465	33,183	SH		DFND		0	0	33,183
VANGUARD INDEX FDS TOT STKIDX	MF	922908728	391	9,704	SH		DFND		0	0	9,704
VANGUARD INTL EQTY IDX EURO ST	MF	922042833	261	11,196	SH		DFND		0	0	11,196
VANGUARD SPECIALIZED DIV APRID	MF	921908851	302	11,411	SH		DFND		0	0	11,411
PIMCO ETF TR CDA BD IDX FD	EXCH	72201R759	985	10,300	SH		DFND		0	0	10,300
ALLIANZGI EQUITY & CONVERTIBLE	CLE FDS	018829101	633	34,550	SH		DFND		0	0	34,550
EATON VANCE TXMG GLOBAL OPPORT	CLE FDS	27829c105	740	66,516	SH		DFND		0	0	66,516
ROYCE VALUE TR INC COM	CLE FDS	780910105	2,253	148,598	SH		DFND		0	0	148,598
ABERDEEN LATIN AMERICAN EQUITY	CLE INTL	00306k106	211	6,741	SH		DFND		0	0	6,741
THAI FD INC COM	CLE INTL	882904105	452	20,940	SH		DFND		0	0	20,940
KKR & CO LP DEL COM UNITS	LP	48248m102	1,388	70,575	SH		DFND		0	0	70,575
NATURAL RESOURCE PARTNERS LP	LP	63900p103	787	38,250	SH		DFND		0	0	38,250