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	1,205	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	3,403	28,501	SH		DFND		0	0	28,501
ABBOTT LABS	COM	002824100	2,837	85,485	SH		DFND		0	0	85,485
ABBVIE INC COM	COM	00287Y109	11,124	248,685	SH		DFND		0	0	248,685
ABRAXAS PETE CORP COM	COM	003830106	51	20,000	SH		DFND		0	0	20,000
ACADIA HEALTHCARE CO	COM	00404a109	2,015	51,095	SH		DFND		0	0	51,095
ACCENTURE PLC IRELAND CL A	COM	g1151c101	394	5,350	SH		DFND		0	0	5,350
ACORN ENERGY INC COM	COM	004848107	205	34,800	SH		DFND		0	0	34,800
ADOBE SYS INC	COM	00724F101	763	14,685	SH		DFND		0	0	14,685
AEGON N V ORD AMER REG	COM	007924103	150	20,318	SH		DFND		0	0	20,318
AGL RES INC	COM	001204106	220	4,787	SH		DFND		0	0	4,787
AIR PRODUCTS & CHEMICALS	COM	009158106	213	2,000	SH		DFND		0	0	2,000
ALCOA INC.	COM	013817101	1,460	179,762	SH		DFND		0	0	179,762
ALLEGHENY TECHNOLOGIES COM	COM	01741r102	1,137	37,250	SH		DFND		0	0	37,250
ALLSTATE CORP COM	COM	020002101	646	12,774	SH		DFND		0	0	12,774
ALTRIA GROUP INC	COM	02209S103	582	16,957	SH		DFND		0	0	16,957
AMAZON COM INC COM	COM	023135106	727	2,326	SH		DFND		0	0	2,326
AMEREN CORP COM	COM	023608102	894	25,670	SH		DFND		0	0	25,670
AMERICAN ELECTRIC POWER	COM	025537101	730	16,840	SH		DFND		0	0	16,840
AMERICAN EXPRESS CO	COM	025816109	231	3,062	SH		DFND		0	0	3,062
AMERICAN INTL GROUP INC COM NE	COM	026874784	5,333	109,675	SH		DFND		0	0	109,675
AMERICAN VANGUARD CORP COM	COM	030371108	824	30,600	SH		DFND		0	0	30,600
AMERIPRISE FINL INC COM	COM	03076c106	406	4,453	SH		DFND		0	0	4,453
AMGEN INC	COM	031162100	4,341	38,787	SH		DFND		0	0	38,787
ANNALY CAP MGMT INC COM	COM	035710409	814	70,304	SH		DFND		0	0	70,304
APACHE CORP	COM	037411105	837	9,831	SH		DFND		0	0	9,831
APOLLO GROUP INC CL A	COM	037604105	582	27,950	SH		DFND		0	0	27,950
APPLE COMPUTER INC	COM	037833100	23,010	48,265	SH		DFND		0	0	48,265
AQUA AMERICA INC COM	COM	03836W103	213	8,625	SH		DFND		0	0	8,625
ARCH COAL INC COM	COM	039380100	55	13,450	SH		DFND		0	0	13,450
ARCHER DANIELS MIDLAND	COM	039483102	382	10,357	SH		DFND		0	0	10,357
ARES CAP CORP COM	COM	04010l103	1,659	95,925	SH		DFND		0	0	95,925
AT&T INC COM	COM	00206r102	6,507	192,405	SH		DFND		0	0	192,405
AUTOLIV INC COM	COM	052800109	245	2,800	SH		DFND		0	0	2,800
AUTOMATIC DATA PROCESSING	COM	053015103	474	6,550	SH		DFND		0	0	6,550
BANK OF AMER CORP	COM	060505104	5,205	377,147	SH		DFND		0	0	377,147
BARRICK GOLD CORP	COM	067901108	614	33,000	SH		DFND		0	0	33,000
BAXTER INTERNATIONAL INC	COM	071813109	2,485	37,827	SH		DFND		0	0	37,827
BEAM INC COM	COM	073730103	6,079	94,025	SH		DFND		0	0	94,025
BEBIDA BEVERAGE CO COM NEW	COM	07557q203	1	500,000	SH		DFND		0	0	500,000
BEMIS INC COM	COM	081437105	731	18,739	SH		DFND		0	0	18,739
BERKSHIRE HATHAWAY INC CL B	COM	084670702	6,869	60,516	SH		DFND		0	0	60,516
BERKSHIRE HATHAWAY INC DEL	COM	084670108	511	3	SH		DFND		0	0	3
BHP BILLITON SPONS ADR	COM	088606108	236	3,550	SH		DFND		0	0	3,550
BOEING COMPANY	COM	097023105	4,603	39,176	SH		DFND		0	0	39,176
BORG WARNER AUTOMOTIVE INC COM	COM	099724106	203	2,000	SH		DFND		0	0	2,000
BP PLC SPONSORED ADR	COM	055622104	2,498	59,424	SH		DFND		0	0	59,424
BR MALLS PARTICIPACOES GDR 144	COM	05569b107	726	40,000	SH		DFND		0	0	40,000
BRANDYWINE RLTY TR SH BEN INT	COM	105368203	158	12,000	SH		DFND		0	0	12,000
BREITBURN ENGY PRTNR COM UT LT	COM	106776107	925	50,439	SH		DFND		0	0	50,439
BRISTOL MYERS SQUIBB CO	COM	110122108	4,387	94,786	SH		DFND		0	0	94,786
BROADCOM CORP CL A	COM	111320107	290	11,164	SH		DFND		0	0	11,164
C&J ENERGY SVCS INC COM	COM	12467b304	243	12,100	SH		DFND		0	0	12,100
CABELAS INC COM	COM	126804301	1,157	18,350	SH		DFND		0	0	18,350
CALFRAC WELL SRVCS LTD COM	COM	129584108	824	27,040	SH		DFND		0	0	27,040
CANADIAN IMPRL BK COMM COM	COM	136069101	412	5,170	SH		DFND		0	0	5,170
CANADIAN NATL RY CO COM	COM	136375102	1,738	17,142	SH		DFND		0	0	17,142
CARBO CERAMICS INC	COM	140781105	488	4,920	SH		DFND		0	0	4,920
CATERPILLAR TRACTOR	COM	149123101	1,052	12,610	SH		DFND		0	0	12,610
CELGENE CORP COM	COM	151020104	688	4,462	SH		DFND		0	0	4,462
CENTURYLINK INC	COM	156700106	442	14,070	SH		DFND		0	0	14,070
CERAGON NETWORKS LTD ORD	COM	M22013102	80	19,035	SH		DFND		0	0	19,035
CF INDS HLDGS INC COM	COM	125269100	651	3,090	SH		DFND		0	0	3,090
CHESAPEAKE ENERGY CORP	COM	165167107	1,294	50,000	SH		DFND		0	0	50,000
CHEVRON TEXACO CORP COM	COM	166764100	6,237	51,334	SH		DFND		0	0	51,334
CISCO SYS INC	COM	17275R102	5,955	254,165	SH		DFND		0	0	254,165
CLIFFS NATURAL RESOURC COM	COM	18683K101	1,129	55,090	SH		DFND		0	0	55,090
COACH INC COM	COM	189754104	848	15,550	SH		DFND		0	0	15,550
COBALT INTL ENERGY INC COM	COM	19075f106	202	8,110	SH		DFND		0	0	8,110
COCA COLA COMPANY	COM	191216100	1,881	49,644	SH		DFND		0	0	49,644
COHEN & STEERS QTY RLY COM	COM	19247L106	1,684	172,405	SH		DFND		0	0	172,405
COMCAST CORPORATION CLASS A	COM	20030n101	431	9,553	SH		DFND		0	0	9,553
COMPUGEN LTD ORD	COM	m25722105	3,858	375,980	SH		DFND		0	0	375,980
CONAGRA INC	COM	205887102	237	7,800	SH		DFND		0	0	7,800
CONOCOPHILLIPS	COM	20825C104	13,061	187,904	SH		DFND		0	0	187,904
CONSOLIDATED EDISON NEW YORK	COM	209115104	1,121	20,339	SH		DFND		0	0	20,339
CORNING INC	COM	219350105	1,878	128,745	SH		DFND		0	0	128,745
COSTCO WHOLESALE CORP-NEW	COM	22160K105	2,548	22,120	SH		DFND		0	0	22,120
COVANTA HOLDINGS CP	COM	22282e102	2,449	114,550	SH		DFND		0	0	114,550
CROCS INC COM	COM	227046109	975	71,700	SH		DFND		0	0	71,700
CSX CORPORATION	COM	126408103	251	9,750	SH		DFND		0	0	9,750
CULP INC COM	COM	230215105	527	28,150	SH		DFND		0	0	28,150
CUTWATER SELECT INCOME FUN	COM	cdc229100	0	88,000	SH		DFND		0	0	88,000
CVR PARTNERS LP COM	COM	126633106	1,905	107,651	SH		DFND		0	0	107,651
CVS CORP INC	COM	126650100	1,997	35,188	SH		DFND		0	0	35,188
DANAHER CORP DEL COM	COM	235851102	367	5,300	SH		DFND		0	0	5,300
DARDEN RESTAURANTS, INC.	COM	237194105	936	20,230	SH		DFND		0	0	20,230
DEAN FOODS CO NEW COM	COM	242370203	534	27,675	SH		DFND		0	0	27,675
DECKERS OUTDOOR CORP COM	COM	243537107	822	12,475	SH		DFND		0	0	12,475
DEERE & COMPANY	COM	244199105	3,458	42,483	SH		DFND		0	0	42,483
DIEBOLD INC COM	COM	253651103	557	18,965	SH		DFND		0	0	18,965
DISCOVER FINL SVCS INC	COM	254709108	7,227	143,001	SH		DFND		0	0	143,001
DOLLAR TREE INC COM	COM	256746108	2,655	46,450	SH		DFND		0	0	46,450
DOMINION RESOURCES INC VA	COM	25746u109	211	3,371	SH		DFND		0	0	3,371
DOMINOS PIZZA INC COM	COM	25754a201	258	3,800	SH		DFND		0	0	3,800
DONNELLEY R R & SONS CO	COM	257867101	764	48,400	SH		DFND		0	0	48,400
DOW CHEMICAL CORPORATION	COM	260543103	7,827	203,830	SH		DFND		0	0	203,830
DUKE ENERGY COMPANY	COM	26441C204	3,066	45,919	SH		DFND		0	0	45,919
DUNKIN BRANDS GRP INC COM	COM	265504100	358	7,900	SH		DFND		0	0	7,900
E I DU PONT DE NEMOURS & CO	COM	263534109	10,109	172,631	SH		DFND		0	0	172,631
E M C CORP	COM	268648102	1,352	52,885	SH		DFND		0	0	52,885
EATON CORP PLC SHS	COM	g29183103	436	6,340	SH		DFND		0	0	6,340
EBAY INC COM	COM	278642103	8,661	155,225	SH		DFND		0	0	155,225
EHEALTH INC COM	COM	28238P109	524	16,250	SH		DFND		0	0	16,250
EMERSON ELECTRIC CO	COM	291011104	1,532	23,684	SH		DFND		0	0	23,684
ENBRIDGE ENERGY PRTNRS COM	COM	29250r106	3,433	112,750	SH		DFND		0	0	112,750
ENTERPRISE PRODS PARTNERS LP C	COM	293792107	1,460	23,913	SH		DFND		0	0	23,913
ESCROW DWS RREEF REAL ESTATE F	COM	esc233990	0	56,585	SH		DFND		0	0	56,585
EXELON CORP	COM	30161N101	2,309	77,897	SH		DFND		0	0	77,897
EXPRESS SCRIPTS HOLDING CO.	COM	30219g108	236	3,819	SH		DFND		0	0	3,819
EXXON MOBIL CORP COM	COM	30231G102	5,918	68,781	SH		DFND		0	0	68,781
EZCHIP SEMICONDUCTOR LTD CP	COM	m4146y108	9,337	378,905	SH		DFND		0	0	378,905
FACEBOOK INC CL A	COM	30303m102	1,144	22,770	SH		DFND		0	0	22,770
FAMOUS DAVES AMER INC COM	COM	307068106	791	49,150	SH		DFND		0	0	49,150
FEDEX CORP	COM	31428X106	730	6,400	SH		DFND		0	0	6,400
FIRST N B ANCHRAG ALAS COM	COM	32112j106	543	306	SH		DFND		0	0	306
FIRST TR ENRGY INC & GRWTH FD	COM	33738g104	769	24,024	SH		DFND		0	0	24,024
FIVE BELOW INC COM	COM	33829m101	439	10,050	SH		DFND		0	0	10,050
FOOT LOCKER INC COM	COM	344849104	807	23,775	SH		DFND		0	0	23,775
FORD MOTOR COMPANY	COM	345370860	3,102	183,849	SH		DFND		0	0	183,849
FOREST LABS INC CL A	COM	345838106	218	5,100	SH		DFND		0	0	5,100
FORTINET INC COM	COM	34959e109	263	12,960	SH		DFND		0	0	12,960
FREEPORT MCMORAN COPPER & GOLD	COM	35671D857	2,719	82,188	SH		DFND		0	0	82,188
FRONTIER COMMUNICATIONS CORP C	COM	35906a108	458	109,557	SH		DFND		0	0	109,557
GANNETT INC DEL	COM	364730101	930	34,700	SH		DFND		0	0	34,700
GAP INC	COM	364760108	558	13,856	SH		DFND		0	0	13,856
GENCO SHPPNG & TRDNG SHS	COM	y2685t107	563	143,325	SH		DFND		0	0	143,325
GENERAC HLDGS INC COM	COM	368736104	561	13,150	SH		DFND		0	0	13,150
GENERAL CABLE CORP	COM	369300108	273	8,600	SH		DFND		0	0	8,600
GENERAL DYNAMICS	COM	369550108	355	4,060	SH		DFND		0	0	4,060
GENERAL ELECTRIC CO	COM	369604103	17,020	712,446	SH		DFND		0	0	712,446
GENERAL MILLS INC	COM	370334104	288	6,000	SH		DFND		0	0	6,000
GENUINE PARTS CO	COM	372460105	625	7,730	SH		DFND		0	0	7,730
GLAXO SMITHKLINE PLC SPONS ADR	COM	37733w105	1,548	30,852	SH		DFND		0	0	30,852
GOLAR LNG LTD BERMUDA SHS	COM	g9456a100	846	22,450	SH		DFND		0	0	22,450
GOLDMAN SACHS GROUP COM	COM	38141G104	6,256	39,545	SH		DFND		0	0	39,545
GOOGLE INC CL A	COM	38259p508	10,046	11,469	SH		DFND		0	0	11,469
HAIN CELESTIAL GROUP INC COM	COM	405217100	773	10,020	SH		DFND		0	0	10,020
HALLIBURTON COMPANY	COM	406216101	7,852	163,070	SH		DFND		0	0	163,070
HCA HOLDINGS INC COM	COM	40412c101	1,927	45,080	SH		DFND		0	0	45,080
HCA-HEALTHCARE CO	COM	404119109	793	18,560	SH		DFND		0	0	18,560
HCP INC COM	COM	40414l109	747	18,250	SH		DFND		0	0	18,250
HESKA CORP COM RESTRC NEW	COM	42805e306	69	11,900	SH		DFND		0	0	11,900
HILLENBRAND INC COM	COM	431571108	498	18,200	SH		DFND		0	0	18,200
HOLLYFRONTIER CORP COM	COM	436106108	5,094	120,970	SH		DFND		0	0	120,970
HOME DEPOT INC	COM	437076102	4,227	55,723	SH		DFND		0	0	55,723
HONEYWELL INTL	COM	438516106	1,658	19,967	SH		DFND		0	0	19,967
HUNT JB TRANS SVC INC COM	COM	445658107	1,663	22,800	SH		DFND		0	0	22,800
ILLINOIS TOOL WORKS	COM	452308109	2,493	32,690	SH		DFND		0	0	32,690
ING GROEP N V SPONSORED ADR	COM	456837103	163	14,350	SH		DFND		0	0	14,350
INPHI CORP COM	COM	45772f107	1,333	99,292	SH		DFND		0	0	99,292
INTEGRYS ENERGY GRP INC COM	COM	45822p105	1,726	30,891	SH		DFND		0	0	30,891
INTEL CORPORATION	COM	458140100	3,162	137,966	SH		DFND		0	0	137,966
INTERNATIONAL BUSINESS MACHINE	COM	459200101	5,823	31,446	SH		DFND		0	0	31,446
INTERNATIONAL PAPER CO	COM	460146103	887	19,800	SH		DFND		0	0	19,800
IRON MTN INC PA COM	COM	462846106	292	10,800	SH		DFND		0	0	10,800
ISHARES INC MSCI GERMAN	COM	464286806	1,712	61,576	SH		DFND		0	0	61,576
ISHARES INC MSCI ITALY	COM	464286855	591	41,845	SH		DFND		0	0	41,845
ISHARES INC MSCI SWEDEN	COM	464286756	470	13,714	SH		DFND		0	0	13,714
ISHARES INC MSCI UK INDX FD	COM	464286699	1,007	51,319	SH		DFND		0	0	51,319
ISHARES MSCI SPAN CP ETF	COM	464286764	458	13,175	SH		DFND		0	0	13,175
ISHARES TR MSCI EMERG MKT	COM	464287234	326	8,010	SH		DFND		0	0	8,010
ISHARES TR RUSSELL 2000	COM	464287655	3,489	32,726	SH		DFND		0	0	32,726
J P MORGAN CHASE & CO COM	COM	46625h100	14,692	284,236	SH		DFND		0	0	284,236
JACOBS ENGR GROUP INC COM	COM	469814107	6,825	117,302	SH		DFND		0	0	117,302
JOHNSON & JOHNSON	COM	478160104	6,039	69,665	SH		DFND		0	0	69,665
JOS A BANK CLOTHIERS COM	COM	480838101	566	12,887	SH		DFND		0	0	12,887
KEYCORP NEW COM	COM	493267108	133	11,650	SH		DFND		0	0	11,650
KIMBERLY CLARK CORP	COM	494368103	266	2,824	SH		DFND		0	0	2,824
KINDER MORGAN ENERGY PTNRS LP	COM	494550106	5,099	63,876	SH		DFND		0	0	63,876
KINDER MORGAN INC DEL COM	COM	49456b101	3,100	87,164	SH		DFND		0	0	87,164
KKR FINANCIAL HLDGS LLC COM	COM	48248a306	249	24,084	SH		DFND		0	0	24,084
KRAFT FOODS GROUP INC COM	COM	50076q106	285	5,425	SH		DFND		0	0	5,425
KROGER CO	COM	501044101	662	16,400	SH		DFND		0	0	16,400
LAS VEGAS SANDS CORP COM	COM	517834107	9,361	140,935	SH		DFND		0	0	140,935
LIFE TIME FITNESS INC COM	COM	53217r207	459	8,920	SH		DFND		0	0	8,920
LILLY ELI & COMPANY	COM	532457108	2,018	40,093	SH		DFND		0	0	40,093
LINCOLN NATL CORP IND COM	COM	534187109	540	12,860	SH		DFND		0	0	12,860
LOCKHEED MARTIN CORP	COM	539830109	1,403	10,998	SH		DFND		0	0	10,998
LOWES COS INC COM	COM	548661107	3,297	69,246	SH		DFND		0	0	69,246
LUND GOLD LTD COM	COM	550367106	0	26,000	SH		DFND		0	0	26,000
LUXOTTICA GROUP	COM	55068R202	302	5,750	SH		DFND		0	0	5,750
MAGNA INTERNATIONAL, INC.	COM	559222401	966	11,700	SH		DFND		0	0	11,700
MARKWEST ENERGY PARTNR UNIT LT	COM	570759100	607	8,400	SH		DFND		0	0	8,400
MASTERCARD INC COM	COM	57636q104	367	546	SH		DFND		0	0	546
MCDONALDS CORPORATION	COM	580135101	5,238	54,439	SH		DFND		0	0	54,439
MCGRAW HILL FINANCIAL INC	COM	580645109	246	3,750	SH		DFND		0	0	3,750
MCKENZIE BAY INTL LTD COM	COM	581531100	0	10,000	SH		DFND		0	0	10,000
MEDICAL PPTYS TR INC COM	COM	58463j304	1,027	84,350	SH		DFND		0	0	84,350
MEDTRONIC INC	COM	585055106	1,661	31,200	SH		DFND		0	0	31,200
MELLANOX TECH LTD SHS	COM	m51363113	1,116	29,405	SH		DFND		0	0	29,405
MERCK & COMPANY INC.	COM	58933y105	10,503	220,615	SH		DFND		0	0	220,615
METLIFE INC COM	COM	59156r108	906	19,300	SH		DFND		0	0	19,300
MICROS SYS	COM	594901100	1,848	37,000	SH		DFND		0	0	37,000
MICROSOFT CORP	COM	594918104	4,178	125,542	SH		DFND		0	0	125,542
MILLER INDS	COM	600551204	1,956	115,202	SH		DFND		0	0	115,202
MONDELEZ INTL INC CL A	COM	609207105	368	11,726	SH		DFND		0	0	11,726
MONSANTO CO NEW COM	COM	61166W101	636	6,094	SH		DFND		0	0	6,094
MONSTER WORLDWIDE INC COM	COM	611742107	303	68,500	SH		DFND		0	0	68,500
MORGAN STANLEY COM NEW	COM	617446448	801	29,736	SH		DFND		0	0	29,736
MVC CAPITAL INC COM	COM	553829102	326	25,000	SH		DFND		0	0	25,000
NEW MTN FIN CORP COM	COM	647551100	443	30,744	SH		DFND		0	0	30,744
NEWELL RUBBERMAID INC.	COM	651229106	444	16,140	SH		DFND		0	0	16,140
NEWMONT MNG CORP	COM	651639106	574	20,435	SH		DFND		0	0	20,435
NEXTERA ENERGY INC COM	COM	65339F101	389	4,856	SH		DFND		0	0	4,856
NII HLDGS INC CL B NEW	COM	62913f201	561	92,500	SH		DFND		0	0	92,500
NIKE INC CLASS B	COM	654106103	1,984	27,306	SH		DFND		0	0	27,306
NISOURCE INC. COM	COM	65473p105	932	30,162	SH		DFND		0	0	30,162
NOBLE CORPORATION BAAR NAMEN A	COM	h5833N103	5,038	133,375	SH		DFND		0	0	133,375
NORFOLK SOUTHERN CORP	COM	655844108	1,208	15,614	SH		DFND		0	0	15,614
NORTHERN TRUST CORPORATION	COM	665859104	484	8,897	SH		DFND		0	0	8,897
NOVARTIS A G SPONSORED ADR	COM	66987V109	1,860	24,250	SH		DFND		0	0	24,250
NUCOR CORP	COM	670346105	1,060	21,615	SH		DFND		0	0	21,615
NYSE EURONEXT COM	COM	629491101	2,231	53,150	SH		DFND		0	0	53,150
OCCIDENTAL PETE CORP	COM	674599105	1,015	10,850	SH		DFND		0	0	10,850
OIL SVC HOLDRS TR DEPOSTRY RCP	COM	57060u191	311	6,600	SH		DFND		0	0	6,600
OMNICOM GROUP	COM	681919106	423	6,675	SH		DFND		0	0	6,675
ON ASSIGNMENT INC COM	COM	682159108	1,167	35,350	SH		DFND		0	0	35,350
ORACLE SYS CORP	COM	68389X105	1,334	40,207	SH		DFND		0	0	40,207
OROMIN EXPL LTD NEW COM - DO N	COM	687082107	7	18,095	SH		DFND		0	0	18,095
OUTERWALL INC COM	COM	690070107	463	9,250	SH		DFND		0	0	9,250
PEPSICO INC	COM	713448108	1,867	23,479	SH		DFND		0	0	23,479
PETMED EXPRESS INC COM	COM	716382106	828	50,850	SH		DFND		0	0	50,850
PFIZER INC	COM	717081103	8,233	286,603	SH		DFND		0	0	286,603
PHILIP MORRIS INTL INC COM	COM	718172109	1,470	16,979	SH		DFND		0	0	16,979
PHILLIPS 66 COM	COM	718546104	1,102	19,061	SH		DFND		0	0	19,061
PINNACLE WEST CAPITAL CORP USD	COM	723484101	648	11,840	SH		DFND		0	0	11,840
PITNEY BOWES INC	COM	724479100	691	38,000	SH		DFND		0	0	38,000
PLAINS ALL AM PIPELINE UNIT LT	COM	726503105	226	4,296	SH		DFND		0	0	4,296
POWERSHARES DB CMDTY UNIT BEN	COM	73935s105	306	11,863	SH		DFND		0	0	11,863
POWERSHARES ETF TRUST FTSE RAF	COM	73935x583	506	6,700	SH		DFND		0	0	6,700
POWERSHARES ETF TRUST PRVT EQT	COM	73935x195	178	15,500	SH		DFND		0	0	15,500
POWERSHARES QQQ TR UNIT SER 1	COM	73935A104	220	2,792	SH		DFND		0	0	2,792
PPG INDS INC COM	COM	693506107	919	5,500	SH		DFND		0	0	5,500
PPL CORPORATION	COM	69351T106	474	15,600	SH		DFND		0	0	15,600
PRAXAIR INC	COM	74005P104	841	7,000	SH		DFND		0	0	7,000
PROCTER & GAMBLE CO	COM	742718109	10,297	136,224	SH		DFND		0	0	136,224
PULTE GROUP	COM	745867101	301	18,260	SH		DFND		0	0	18,260
QRS MUSIC TECHNOLOGIES COM	COM	74726W107	9	25,000	SH		DFND		0	0	25,000
QUALCOMM INC	COM	747525103	19,298	286,665	SH		DFND		0	0	286,665
QUESTCOR PHARMACEUTICAL COM	COM	74835y101	684	11,795	SH		DFND		0	0	11,795
RAYTHEON CO	COM	755111507	1,013	13,139	SH		DFND		0	0	13,139
REALOGY HLDGS CORP COM	COM	75605y106	498	11,575	SH		DFND		0	0	11,575
REPUBLIC SVCS INC CL A	COM	760759100	845	25,325	SH		DFND		0	0	25,325
ROYAL BK CDA MONTREAL COM	COM	780087102	311	4,850	SH		DFND		0	0	4,850
ROYCE FOCUS TR COM	COM	78080n108	321	44,500	SH		DFND		0	0	44,500
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	678	42,400	SH		DFND		0	0	42,400
SCHLUMBERGER	COM	806857108	828	9,366	SH		DFND		0	0	9,366
SECTOR SPDR TR SBI INT-UTILS	COM	81369y886	334	8,945	SH		DFND		0	0	8,945
SELECT SECTOR SPDR TR SBI INT-	COM	81369y605	2,025	101,725	SH		DFND		0	0	101,725
SPDR S&P 500 ETF TR UNIT SER 1	COM	78462F103	676	4,023	SH		DFND		0	0	4,023
SPDR S&P MIDCAP 400 ETF TR UNI	COM	78467y107	9,178	40,550	SH		DFND		0	0	40,550
SPDR SER TR S&P HOMEBUILDERS E	COM	78464a888	907	29,639	SH		DFND		0	0	29,639
SPIDER GOLD TR SHS	COM	78463V107	541	4,220	SH		DFND		0	0	4,220
STANLEY BLACK & DECKER COM	COM	854502101	6,280	69,339	SH		DFND		0	0	69,339
STAPLES INC COM	COM	855030102	773	52,775	SH		DFND		0	0	52,775
STARBUCKS CORP COM	COM	855244109	881	11,445	SH		DFND		0	0	11,445
STARWOOD PPTY TR INC COM	COM	85571b105	5,956	248,460	SH		DFND		0	0	248,460
STATE STREET BOSTON CORP	COM	857477103	585	8,900	SH		DFND		0	0	8,900
STRYKER CORP	COM	863667101	755	11,175	SH		DFND		0	0	11,175
SUNTRUST BKS INC COM	COM	867914103	238	7,328	SH		DFND		0	0	7,328
SYSCO CORP	COM	871829107	594	18,660	SH		DFND		0	0	18,660
TARGET CORP COM	COM	87612E106	825	12,898	SH		DFND		0	0	12,898
TAYLOR CAP GROUP COM	COM	876851106	396	17,860	SH		DFND		0	0	17,860
TE CONNECTIVITY LTD	COM	H84989104	1,366	26,375	SH		DFND		0	0	26,375
TECO ENERGY INC COM	COM	872375100	1,484	89,700	SH		DFND		0	0	89,700
TELETECH HOLDING	COM	879939106	2,007	80,000	SH		DFND		0	0	80,000
TEREX CORP NEW COM	COM	880779103	710	21,125	SH		DFND		0	0	21,125
TEVA PHARMACEUTICAL	COM	881624209	462	12,240	SH		DFND		0	0	12,240
THERMO FISHER SCIENTIFIC	COM	883556102	3,924	42,580	SH		DFND		0	0	42,580
TIFFANY & CO	COM	886547108	555	7,250	SH		DFND		0	0	7,250
TIME WARNER CABLE INC COM	COM	88732j207	576	5,161	SH		DFND		0	0	5,161
TIME WARNER INC	COM	887317303	3,641	55,329	SH		DFND		0	0	55,329
TITAN INTL INC ILL COM	COM	88830m102	239	16,300	SH		DFND		0	0	16,300
TITAN MACHY INC COM	COM	88830r101	481	29,925	SH		DFND		0	0	29,925
TJX COMPANIES INC (NEW)	COM	872540109	3,183	56,450	SH		DFND		0	0	56,450
TOLL BROTHERS INC COM	COM	889478103	6,814	210,125	SH		DFND		0	0	210,125
TORONTO DOMINION BK COM NEW	COM	891160509	778	8,650	SH		DFND		0	0	8,650
TOTAL S A SPONSORED ADR	COM	89151E109	1,192	20,575	SH		DFND		0	0	20,575
TRAVELERS COS INC COM	COM	89417E109	272	3,214	SH		DFND		0	0	3,214
TRIBUNE CO NEW CL A	COM	896047503	1,953	30,960	SH		DFND		0	0	30,960
UNION PACIFIC CORPORATION	COM	907818108	269	1,730	SH		DFND		0	0	1,730
UNITED PARCEL SERVICE CL B	COM	911312106	605	6,617	SH		DFND		0	0	6,617
UNITED TECHNOLOGIES CORP	COM	913017109	5,146	47,727	SH		DFND		0	0	47,727
UNIVERSAL HEALTH RLTY INCOME S	COM	91359E105	410	9,800	SH		DFND		0	0	9,800
UNIVERSAL HLTH SVCS CL B	COM	913903100	2,250	30,000	SH		DFND		0	0	30,000
US BANCORP DEL COM	COM	902973304	845	23,092	SH		DFND		0	0	23,092
VANGUARD SPECIALIZED DIV APP E	COM	921908844	1,750	25,146	SH		DFND		0	0	25,146
VANTAGE DRILLING COMPA ORD SHS	COM	g93205113	26	15,000	SH		DFND		0	0	15,000
VECTOR GROUP LTD COM	COM	92240M108	571	35,453	SH		DFND		0	0	35,453
VENTAS INC COM	COM	92276F100	458	7,450	SH		DFND		0	0	7,450
VERIZON COMMUNICATIONS COM	COM	92343v104	8,570	183,611	SH		DFND		0	0	183,611
VISA INC COM CL A	COM	92826c839	2,759	14,439	SH		DFND		0	0	14,439
VISHAY INTERTECHNOLOGY	COM	928298108	284	22,000	SH		DFND		0	0	22,000
VODAFONE GROUP PLC ADR-NEW	COM	92857w209	1,136	32,295	SH		DFND		0	0	32,295
WAL MART STORES INC	COM	931142103	2,763	37,353	SH		DFND		0	0	37,353
WALGREEN COMPANY	COM	931422109	2,560	47,579	SH		DFND		0	0	47,579
WALT DISNEY PRODUCTIONS	COM	254687106	1,129	17,503	SH		DFND		0	0	17,503
WASTE MGMT INC COM	COM	94106L109	934	22,658	SH		DFND		0	0	22,658
WEIGHT WATCHERS INTL COM	COM	948626106	490	13,110	SH		DFND		0	0	13,110
WELLS FARGO & COMPANY	COM	949746101	861	20,829	SH		DFND		0	0	20,829
WEST CORP COM	COM	952355204	1,228	55,400	SH		DFND		0	0	55,400
WESTERN UN CO COM	COM	959802109	590	31,600	SH		DFND		0	0	31,600
WEYERHAEUSER CO	COM	962166104	700	24,451	SH		DFND		0	0	24,451
WHITEWAVE FOODS CO COM CL A	COM	966244105	678	33,951	SH		DFND		0	0	33,951
WILLIAMS COS INC DEL COM	COM	969457100	1,005	27,639	SH		DFND		0	0	27,639
WISDOMTREE TR EMERGING MKTS YL	COM	97717w315	338	6,536	SH		DFND		0	0	6,536
WISDOMTREE TR INTL DV TOP 100	COM	97717w786	253	5,575	SH		DFND		0	0	5,575
WISDOMTREE TRUST EMG MKTS SMCA	COM	97717w281	974	20,871	SH		DFND		0	0	20,871
WISDOMTREE TRUST INTL LRGCAP D	COM	97717w794	420	8,500	SH		DFND		0	0	8,500
WORLD OIL RES LTD SHS	COM	q98945t10	0	10,000	SH		DFND		0	0	10,000
XILINX INC COM	COM	983919101	740	15,800	SH		DFND		0	0	15,800
YAMANA GOLD INC COM	COM	98462y100	107	10,315	SH		DFND		0	0	10,315
ZIMMER HOLDINGS INC	COM	98956P102	6,446	78,475	SH		DFND		0	0	78,475
BAIDU COM INC SPON ADR REP A	ADR	056752108	538	3,470	SH		DFND		0	0	3,470
CNOOC LTD SPONS ADR	ADR	126132109	917	4,545	SH		DFND		0	0	4,545
ENSCO PLC SHS CL A	ADR	g3157s106	941	17,510	SH		DFND		0	0	17,510
GAZPROM O A O SPON ADR	ADR	368287207	254	28,500	SH		DFND		0	0	28,500
INFOSYS TECH LTD SPONSORED ADR	ADR	456788108	382	7,950	SH		DFND		0	0	7,950
NATIONAL AUSTRALIA BK SPONSORE	ADR	632525408	212	6,600	SH		DFND		0	0	6,600
NINTENDO LTD	ADR	654445303	592	41,750	SH		DFND		0	0	41,750
REPSOL S.A.	ADR	76026t205	611	24,650	SH		DFND		0	0	24,650
ROYAL BK SCOTLAND GRP SPONS AD	ADR	780097689	746	64,330	SH		DFND		0	0	64,330
ROYAL DUTCH SHELL PLC SPONS AD	ADR	780259206	357	5,432	SH		DFND		0	0	5,432
SANOFI SPONSORED ADR	ADR	80105n105	304	6,000	SH		DFND		0	0	6,000
SHIRE PHARMCTL GRP PLC SPONSOR	ADR	82481r106	755	6,300	SH		DFND		0	0	6,300
WAL-MART DE MEXICO S A ADR SR	ADR	93114W107	379	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	263	6,665	SH		DFND		0	0	6,665
AMER INTL GRW & INC CL F-1 SHS	MF	45956t402	853	24,686	SH		DFND		0	0	24,686
AMERICAN BALANCED FD CL F	MF	024071409	1,578	69,130	SH		DFND		0	0	69,130
AMERICAN BALANCED FD COM	MF	024071102	600	26,272	SH		DFND		0	0	26,272
BLAIR WILLIAM MUT FDS INTL GRW	MF	093001402	510	20,579	SH		DFND		0	0	20,579
CAPITAL INCOME BLDR FD CL F	MF	140193400	4,330	77,040	SH		DFND		0	0	77,040
CAPITAL INCOME BUILDERS FD SH	MF	140193103	648	11,534	SH		DFND		0	0	11,534
CAPITAL WORLD GRW&INCM CL F	MF	140543406	1,501	35,515	SH		DFND		0	0	35,515
CAPITAL WORLD GRW&INCM COM	MF	140543109	365	8,631	SH		DFND		0	0	8,631
CLAYMORE ETF TR ZACKS MDCAP CR	MF	18383m720	529	12,500	SH		DFND		0	0	12,500
COLUMBIA ACORN FUND CL Z	MF	197199409	770	20,984	SH		DFND		0	0	20,984
EATON VANCE GROWTH TR ATL CAPT	MF	277902698	204	8,953	SH		DFND		0	0	8,953
EUROPACIFIC GROWTH FUND CLASS	MF	298706102	566	12,300	SH		DFND		0	0	12,300
FIDELITY ADVISOR SER I LEV CO	MF	315805424	1,034	20,986	SH		DFND		0	0	20,986
FIDELITY ADVISOR VII HEALTH CA	MF	315918847	370	12,193	SH		DFND		0	0	12,193
FIDELITY INVT TR JAPAN FD	MF	315910885	202	16,721	SH		DFND		0	0	16,721
FIRST EAGLE GLOBAL FUND CLASS	MF	32008f507	296	5,525	SH		DFND		0	0	5,525
FRANKLIN INCOME FD CLASS A	MF	353496300	90	38,621	SH		DFND		0	0	38,621
FUNDAMENTAL INVS INC CL F	MF	360802409	385	7,952	SH		DFND		0	0	7,952
GABELLI ASSET FD SH BEN INT	MF	362395105	349	5,552	SH		DFND		0	0	5,552
GOLDMAN SACHS TR N11 EQTY A SH	MF	38145l869	748	71,146	SH		DFND		0	0	71,146
GRANDEUR PEAK GLOBAL OPP FD IN	MF	317609360	3,667	1,153,068	SH		DFND		0	0	1,153,068
GROWTH FD AMER INC	MF	399874106	232	5,512	SH		DFND		0	0	5,512
GROWTH FD AMER INC CL F	MF	399874403	529	12,665	SH		DFND		0	0	12,665
INCOME FUND AMERICA	MF	453320103	432	21,981	SH		DFND		0	0	21,981
INTERNATIONAL GRW & IN CL F-2	MF	45956t501	332	9,602	SH		DFND		0	0	9,602
MAINSTAY MARKETFIELD FD CL I	MF	56064b852	4,555	252,757	SH		DFND		0	0	252,757
MASSACHUSETTS INVS TR SH BEN I	MF	575736103	318	12,373	SH		DFND		0	0	12,373
MERIDIAN FD INC GROWTH FD	MF	589619105	311	6,570	SH		DFND		0	0	6,570
NEW PERSPECTIVE FD INC COM	MF	648018109	325	8,888	SH		DFND		0	0	8,888
OPPENHEIMER DEVLNG MKT CL A	MF	683974109	1,015	27,501	SH		DFND		0	0	27,501
OPPENHEIMER INTL S CO CL A	MF	68380u100	521	17,567	SH		DFND		0	0	17,567
OPPENHEIMER STEELPATH MLP INC	MF	858268600	174	16,008	SH		DFND		0	0	16,008
OPPENHEIMER STEELPTH MLP SELEC	MF	858268105	822	69,215	SH		DFND		0	0	69,215
OPPENHEIMER STRATEG FD INCOME	MF	68380K102	79	19,249	SH		DFND		0	0	19,249
PIMCO SMALL CAPS STKSPL AR STG	MF	72201f698	328	33,202	SH		DFND		0	0	33,202
POPLAR FOREST PARTNERS FD CL A	MF	00768D814	1,692	41,587	SH		DFND		0	0	41,587
POPLAR FOREST PARTNERS INSTITU	MF	00768d798	12,027	294,488	SH		DFND		0	0	294,488
ROWE PRICE NEW HORI FD COM	MF	779562107	547	12,025	SH		DFND		0	0	12,025
SEQUOIA FD INC COM	MF	817418106	204	980	SH		DFND		0	0	980
TEMPLETON GLOBAL INVT EMRG MKT	MF	88019r732	290	25,422	SH		DFND		0	0	25,422
TEMPLETON GLOBAL INVT FRNTR MK	MF	88019r674	304	17,492	SH		DFND		0	0	17,492
UNIFIED SER TR APPLESEED FD	MF	90470k370	491	33,183	SH		DFND		0	0	33,183
VANGUARD INDEX FDS TOT STKIDX	MF	922908728	415	9,737	SH		DFND		0	0	9,737
VANGUARD INTL EQTY IDX EURO ST	MF	922042833	296	11,238	SH		DFND		0	0	11,238
VANGUARD SPECIALIZED DIV APRID	MF	921908851	319	11,466	SH		DFND		0	0	11,466
PIMCO ETF TR CDA BD IDX FD	EXCH	72201R759	873	9,200	SH		DFND		0	0	9,200
ALLIANZGI EQUITY & CONVERTIBLE	CLE FDS	018829101	623	33,550	SH		DFND		0	0	33,550
EATON VANCE TXMG GLOBAL OPPORT	CLE FDS	27829c105	779	68,716	SH		DFND		0	0	68,716
ROYCE MICRO CAP TR INC	CLE FDS	780915104	306	26,158	SH		DFND		0	0	26,158
ROYCE VALUE TR INC COM	CLE FDS	780910105	2,376	147,484	SH		DFND		0	0	147,484
ABERDEEN LATIN AMERICAN EQUITY	CLE INTL	00306k106	214	6,741	SH		DFND		0	0	6,741
THAI FD INC COM	CLE INTL	882904105	333	16,782	SH		DFND		0	0	16,782
ALLIANCEBERNSTEIN HLDGS LP UNI	LP	01881g106	351	17,675	SH		DFND		0	0	17,675
KKR & CO LP DEL COM UNITS	LP	48248m102	1,417	68,875	SH		DFND		0	0	68,875
NATURAL RESOURCE PARTNERS LP	LP	63900p103	691	36,250	SH		DFND		0	0	36,250