First Foundation Advisors 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
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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	COM	88579Y101	737	5,199	SH		SOLE		4,698	0	501
AbbeVie Inc.	COM	00287y109	370	6,409	SH		SOLE		6,409	0	0
Abbott Laboratories	COM	002824100	220	5,279	SH		SOLE		5,122	0	157
Accenture PLC	SHS CLASS A	G1151C101	229	2,815	SH		SOLE		2,548	0	267
Alaska Communications Systems	COM	01167P101	118	75,000	SH		SOLE		75,000	0	0
Allergan Inc/United States	COM	018490102	249	1,398	SH		SOLE		1,268	0	130
Altria Group Inc	COM	02209S103	17,640	383,973	SH		SOLE		325,781	0	58,192
Ambev SA American Depositary	SPONSORED ADR	02319v103	1,636	249,763	SH		SOLE		235,887	0	13,876
American Express Co	COM	025816109	12,298	140,484	SH		SOLE		116,347	0	24,137
American Realty Capital Properties Inc	COM	02917t104	79,099	6,558,806	SH		SOLE		5,331,631	0	1,227,174
AmerisourceBergen Corp	COM	03073e105	225	2,909	SH		SOLE		2,909	0	0
Amgen Inc	COM	031162100	802	5,711	SH		SOLE		5,311	0	400
Anheuser-Busch InBev NV	SPONSORED ADR	03524A108	22,318	201,334	SH		SOLE		167,564	0	33,770
Aon plc	SHS CL A	G0408V102	14,694	167,602	SH		SOLE		142,021	0	25,581
Apple Inc	COM	037833100	7,707	76,500	SH		SOLE		37,498	0	39,002
ARMOUR Residential REIT Inc	COM	042315101	231	60,000	SH		SOLE		60,000	0	0
Artisan Partners Asset Managem	CL A	04316a108	667	12,815	SH		SOLE		12,444	0	371
AT&T Inc	COM	00206r102	671	19,042	SH		SOLE		16,500	0	2,542
Automatic Data Processing Inc	COM	053015103	433	5,210	SH		SOLE		5,210	0	0
Avon Products Inc	COM	054303102	331	26,260	SH		SOLE		25,483	0	777
Ball Corp	COM	058498106	211	3,333	SH		SOLE		3,333	0	0
Bank Amer Corp Wt Exp 10/28/2018 Strike 30.79	*W EXP 10/28/201	060505153	10	10,000	SH		SOLE		10,000	0	0
Bank of America Corp	COM	060505104	331	19,391	SH		SOLE		14,258	0	5,133
Bank of New York Mellon Co	COM	064058100	20,990	541,953	SH		SOLE		445,475	0	96,478
Berkshire Hathaway CL A	CL A	084670108	2,690	13	SH		SOLE		13	0	0
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	28,334	205,111	SH		SOLE		170,499	0	34,612
Blackrock Build America Bond T	SHS	09248x100	1,108	52,719	SH		SOLE		46,339	0	6,380
BlackRock Credit Allocation In	COM	092508100	831	62,410	SH		SOLE		52,986	0	9,424
Blackrock Floating Rate Income	COM	091941104	178	12,908	SH		SOLE		12,908	0	0
BlackRock Inc Co	COM	09247X101	19,621	59,762	SH		SOLE		50,209	0	9,553
Blackrock Ltd Duration	COM SHS	09249w101	544	33,661	SH		SOLE		28,391	0	5,270
Blackrock Muniholdings CA Insu	COM	09254l107	421	29,574	SH		SOLE		28,574	0	1,000
Boeing Co	COM	097023105	19,251	151,134	SH		SOLE		126,880	0	24,254
Bofi Holding Inc	COM	05566u108	1,091	15,000	SH		SOLE		15,000	0	0
Bristol Myers Squibb Co	COM	110122108	827	16,151	SH		SOLE		15,749	0	402
British American Tobacco PLC	SPONSORED ADR	110448107	12,923	114,281	SH		SOLE		98,340	0	15,941
Broadcom Corp	CL A	111320107	1,290	31,914	SH		SOLE		29,330	0	2,584
Brown Foreman Corp Class B Wit	CL B	115637209	1,489	16,507	SH		SOLE		16,251	0	256
Buckeye Partners LP	UNIT LTD PARTN	118230101	331	4,150	SH		SOLE		3,697	0	453
Calavo Growers Inc	COM	128246105	278	6,159	SH		SOLE		3,079	0	3,080
Century Communities Inc	COM	156504300	851	49,024	SH		SOLE		44,312	0	4,712
Chambers Street Properties	COM	157842105	7,506	996,812	SH		SOLE		894,401	0	102,411
Chevron Corp	COM	166764100	2,991	25,064	SH		SOLE		25,064	0	0
Cisco Systems Inc	COM	17275R102	826	32,808	SH		SOLE		26,228	0	6,579
Citi A Warrants Exp 01/04/19	*W EXP 01/04/201	172967226	18	18,985	SH		SOLE		18,985	0	0
Citigroup Inc	COM NEW	172967424	447	8,634	SH		SOLE		6,768	0	1,866
Coach Inc	COM	189754104	291	8,184	SH		SOLE		7,935	0	249
Coca Cola Inc	COM	191216100	884	20,730	SH		SOLE		20,513	0	217
Cohen & Steers Limited Duratio	COM	19248c105	2,613	105,895	SH		SOLE		105,044	0	851
Cohen & Steers Total Return Re	COM	19247r103	429	35,890	SH		SOLE		34,716	0	1,174
Colgate-Palmolive Co	COM	194162103	576	8,831	SH		SOLE		8,831	0	0
Colony Financial Inc	COM	19624r106	1,390	62,100	SH		SOLE		60,600	0	1,500
Comcast Corp	CL A SPL	20030N200	15,231	284,688	SH		SOLE		237,722	0	46,966
Comstock Mining Inc	COM	205750102	17	14,163	SH		SOLE		14,163	0	0
ConocoPhillips	COM	20825C104	429	5,608	SH		SOLE		5,606	0	2
Cornerstone Strategic Value Fu	COM NEW	21924b203	146	25,000	SH		SOLE		25,000	0	0
Cosi Inc	COM NEW	22122p200	34	15,037	SH		SOLE		15,037	0	0
Costco Wholesale Corp	COM	22160k105	446	3,556	SH		SOLE		3,333	0	223
Covidien PLC	SHS	G2554F113	11,662	134,801	SH		SOLE		113,942	0	20,859
Cys Invts Inc Com	COM	12673a108	247	30,000	SH		SOLE		30,000	0	0
Devon Energy Corp	COM	25179M103	16,867	247,394	SH		SOLE		206,214	0	41,180
Diageo PLC	SPON ADR NEW	25243Q205	24,999	216,633	SH		SOLE		180,165	0	36,468
Diana Containerships I Com	COM	y2069p101	39	17,500	SH		SOLE		17,500	0	0
Dominion Resources Inc/VA	COM	25746U109	455	6,590	SH		SOLE		6,590	0	0
Doubleline Income Solutions Cl	COM	258622109	1,699	78,462	SH		SOLE		70,867	0	7,595
DoubleLine Opportunistic Credi	COM	258623107	1,327	56,219	SH		SOLE		53,678	0	2,541
Dow Chemical Co/The	COM	260543103	13,852	264,143	SH		SOLE		81,353	0	182,790
Dynex Capital Inc	COM NEW	26817q506	396	49,000	SH		SOLE		49,000	0	0
Eaton Vance Limited Duration I	COM	27828h105	731	50,142	SH		SOLE		43,571	0	6,571
Eaton Vance Short Duration	COM	27828V104	346	23,573	SH		SOLE		22,188	0	1,385
Ecolab Inc	COM	278865100	323	2,811	SH		SOLE		350	0	2,461
EI du Pont de Nemours & Co	COM	263534109	255	3,556	SH		SOLE		3,556	0	0
Eldorado Gold Corp	COM	284902103	76	11,330	SH		SOLE		11,330	0	0
Eli Lilly & Co	COM	532457108	678	10,461	SH		SOLE		9,612	0	849
Emerson Electric Co	COM	291011104	353	5,634	SH		SOLE		5,634	0	0
Energy Transfer Equity LP	COM UT LTD PTN	29273v100	624	10,112	SH		SOLE		9,304	0	808
Enterprise Prods Partners L P	COM	293792107	2,003	49,708	SH		SOLE		47,328	0	2,380
Exxon Mobil Corp	COM	30231G102	2,649	28,163	SH		SOLE		27,163	0	1,000
Facebook Inc	CL A	30303m102	712	9,013	SH		SOLE		2,277	0	6,736
Fifth Street Finance Corp	COM	31678A103	92	10,000	SH		SOLE		10,000	0	0
Flaherty and Crumrine Dynamic	SHS	33848w106	1,651	73,093	SH		SOLE		71,970	0	1,123
Frontier Communications Corp	COM	35906a108	179	27,500	SH		SOLE		27,500	0	0
FTD Companies, Inc	COM	30281v108	853	25,006	SH		SOLE		22,793	0	2,213
General American Investors	COM	368802104	903	24,368	SH		SOLE		24,368	0	0
General Electric Co	COM	369604103	1,642	64,099	SH		SOLE		59,204	0	4,895
General Motors Co	COM	37045v100	11,493	359,845	SH		SOLE		302,900	0	56,944
Gilead Sciences Inc	COM	375558103	7,416	69,670	SH		SOLE		69,430	0	240
Glacier Bancorp Inc	COM	37637Q105	413	15,985	SH		SOLE		15,985	0	0
Gladstone Capital Corp	COM	376535100	111	12,701	SH		SOLE		12,701	0	0
GlaxoSmithKline PLC	SPONSORED ADR	37733W105	17,862	388,555	SH		SOLE		331,489	0	57,067
Goldman Sachs Group Inc	COM	38141G104	12,751	69,462	SH		SOLE		56,658	0	12,805
Google Inc	CL A	38259p508	357	618	SH		SOLE		328	0	290
Google Inc	CL C	38259p706	373	634	SH		SOLE		344	0	290
Halliburton Co	COM	406216101	624	9,666	SH		SOLE		9,336	0	330
HCP Inc	COM	40414L109	403	10,140	SH		SOLE		10,140	0	0
Home Depot Inc/The	COM	437076102	675	7,359	SH		SOLE		7,359	0	0
Honeywell International Inc	COM	438516106	203	2,177	SH		SOLE		2,177	0	0
Illinois Tool Works Inc	COM	452308109	384	4,547	SH		SOLE		4,547	0	0
Intel Corp	COM	458140100	674	19,351	SH		SOLE		17,548	0	1,803
International Business Machine	COM	459200101	21,800	114,842	SH		SOLE		95,489	0	19,353
Intersections Inc.	COM	460981301	96	25,000	SH		SOLE		25,000	0	0
iShares Core S&P Total US Stoc	CORE S&P TTL STL	464287150	1,251	13,947	SH		SOLE		12,633	0	1,314
iShares DJ Select Dividend Ind	SELECT DIVID ETF	464287168	358	4,850	SH		SOLE		4,300	0	550
iShares MSCI Eafe Index Fund	MSCI EAFE ETF	464287465	775	12,094	SH		SOLE		7,818	0	4,276
iShares MSCI Emerging Markets	MSCI EMG MKT ETF	464287234	215	5,185	SH		SOLE		3,224	0	1,961
iShares S&P Midcap 400 Growth	S&P MC 400GR ETF	464287606	243	1,602	SH		SOLE		1,602	0	0
iShares S&P Small Cap 400 Inde	CORE S&P SCP ETF	464287804	401	3,843	SH		SOLE		3,843	0	0
iShares Silver Trusts	ISHARES	46428Q109	224	13,693	SH		SOLE		12,593	0	1,100
Johnson & Johnson Com	COM	478160104	33,840	317,481	SH		SOLE		271,309	0	46,172
JPMorgan Chase & Co	COM	46625H100	582	9,655	SH		SOLE		9,519	0	136
Just Energy Group Inc Com	COM	48213w101	140	30,000	SH		SOLE		30,000	0	0
Kayne Anderson Mdstm Com	COM	48661e108	904	22,555	SH		SOLE		17,830	0	4,725
Kinder Morgan Energy LP Unit L	UT LTD PARTNER	494550106	249	2,665	SH		SOLE		2,255	0	410
Kraft Foods Group Inc	COM	50076Q106	686	12,166	SH		SOLE		12,166	0	0
Legg Mason BW Global Income Op	COM	52469b100	488	28,823	SH		SOLE		24,417	0	4,406
Level 3 Communications Inc	COM NEW	52729n308	2,053	44,894	SH		SOLE		40,160	0	4,734
Linn Energy LLC	UNIT LTD LIAB	536020100	382	12,671	SH		SOLE		1,727	0	10,944
Live Nation Entertainment Inc	COM	538034109	528	21,994	SH		SOLE		20,061	0	1,933
Lockheed Martin Corp	COM	539830109	245	1,339	SH		SOLE		1,311	0	28
Magellan Midstream Partners LP	COM UNIT RP LP	559080106	947	11,248	SH		SOLE		10,562	0	686
Markwest Energy Partners LP	UNIT LTD PARTN	570759100	293	3,812	SH		SOLE		3,001	0	811
McDonald's Corp	COM	580135101	1,649	17,396	SH		SOLE		17,195	0	201
Medtronic Inc Com	COM	585055106	364	5,871	SH		SOLE		5,871	0	0
Merck & Co Inc New Com	COM	58933Y105	749	12,640	SH		SOLE		12,640	0	0
Microsoft Corp	COM	594918104	78,433	1,691,819	SH		SOLE		1,598,047	0	93,771
Mondelez International Inc	CL A	609207105	14,564	425,027	SH		SOLE		351,047	0	73,981
National Oilwell Varco Inc	COM	637071101	821	10,789	SH		SOLE		10,789	0	0
NeoPhotonics Corp Com	COM	64051t100	84	25,000	SH		SOLE		25,000	0	0
Nexpoint Credit Strategies Fun	COM	65340g106	750	70,666	SH		SOLE		69,319	0	1,347
NextEra Energy Inc	COM	65339F101	243	2,593	SH		SOLE		2,593	0	0
NII Holdings Inc	CL B NEW	62913F201	2	39,611	SH		SOLE		39,611	0	0
Nordstrom Inc	COM	655664100	356	5,210	SH		SOLE		5,210	0	0
Novartis AG	SPONSORED ADR	66987V109	21,911	232,771	SH		SOLE		194,374	0	38,397
Novatel Wireless Inc.	COM NEW	66987m604	37	10,000	SH		SOLE		10,000	0	0
NRG Energy Inc	COM NEW	629377508	627	20,583	SH		SOLE		18,786	0	1,797
Nucor Corp	COM	670346105	761	14,029	SH		SOLE		14,029	0	0
Nuveen Build America Bond Fund	COM	67074c103	1,072	52,560	SH		SOLE		46,230	0	6,330
Nuveen Build America Bond Oppo	COM	67074q102	770	36,306	SH		SOLE		31,043	0	5,263
Nuveen CA Muni Advantage Fd	COM	67066Y105	233	16,338	SH		SOLE		16,338	0	0
Nuveen CA Muni Value Fund	COM	67062C107	3,459	334,517	SH		SOLE		294,517	0	40,000
Nuveen Credit Strategies Incom	COM SHS	67073d102	1,865	208,856	SH		SOLE		193,277	0	15,579
Nuveen Multi-Strategy Inc & Gr	COM	67073b106	1,106	120,167	SH		SOLE		100,464	0	19,703
Nuveen Mun Value Fd Inc Com	COM	670928100	159	16,874	SH		SOLE		2,200	0	14,674
Nuveen Municipal High Income O	COM	670682103	134	10,292	SH		SOLE		6,792	0	3,500
Nuveen Ny Municipal Value Fund	COM	67062M105	99	10,200	SH		SOLE		10,200	0	0
Nuveen Quality Preferred Incom	COM	67072C105	572	65,633	SH		SOLE		45,511	0	20,122
Oaktree Capital Group LLC	UNIT CL A	674001201	772	15,100	SH		SOLE		14,600	0	500
Occidental Petroleum Corp	COM	674599105	14,357	149,319	SH		SOLE		122,679	0	26,640
Oi SA	SPN ADR REP PFD	670851203	24	34,186	SH		SOLE		34,186	0	0
Oi SA Adr F Sponsored Reps 1	SPONSORED ADR	670851104	762	1,029,669	SH		SOLE		942,215	0	87,454
Oiltanking Partners LP	UNIT LTD	678049107	251	5,069	SH		SOLE		4,838	0	231
ONEOK Inc	COM	682680103	326	4,977	SH		SOLE		4,630	0	347
Oracle Corp	COM	68389X105	21,555	563,090	SH		SOLE		469,455	0	93,635
PACCAR Inc	COM	693718108	227	4,000	SH		SOLE		4,000	0	0
PCM Fund Inc	COM	69323T101	7,441	670,324	SH		SOLE		629,418	0	40,906
Pearson PLC	SPONSORED ADR	705015105	359	17,940	SH		SOLE		17,378	0	562
Penn West Petroleum Ltd	COM	707887105	108	16,000	SH		SOLE		16,000	0	0
Pennantpark Invt Corp Com	COM	708062104	128	11,704	SH		SOLE		7,500	0	4,204
PepsiCo Inc	COM	713448108	663	7,118	SH		SOLE		6,618	0	500
Pfizer Inc	COM	717081103	3,431	116,034	SH		SOLE		31,034	0	85,000
Philip Morris International In	COM	718172109	22,767	272,983	SH		SOLE		233,127	0	39,856
Pimco CA Municipal Income Fund	COM	72201c109	1,420	136,556	SH		SOLE		135,556	0	1,000
PIMCO Dynamic Credit Income Fu	COM SHS	72202d106	1,357	60,374	SH		SOLE		54,292	0	6,082
PIMCO Income Fund	SHS	72201y101	3,644	115,458	SH		SOLE		105,166	0	10,292
Pimco Income Strategy Fund	COM	72201H108	471	39,454	SH		SOLE		39,454	0	0
Pimco Income Strategy Fund II	COM	72201j104	5,345	507,587	SH		SOLE		468,797	0	38,790
Pimco Municipal Income Fund II	COM	72200w106	277	23,775	SH		SOLE		23,775	0	0
Plains All American Pipeline U	UNIT LTD PARTN	726503105	707	12,011	SH		SOLE		9,989	0	2,022
Portugal Telecom SGPS SA	SPONSORED ADR	737273102	63	30,000	SH		SOLE		30,000	0	0
Powershares Cef Income	CEF INC COMPST	73936Q843	1,717	70,527	SH		SOLE		70,527	0	0
Procter & Gamble Co	COM	742718109	1,055	12,603	SH		SOLE		10,775	0	1,828
Prologis Inc	COM	74340w103	1,362	36,115	SH		SOLE		35,065	0	1,050
Prospect Capital Corp	COM	74348T102	218	22,000	SH		SOLE		22,000	0	0
Public Storage	COM	74460d109	548	3,307	SH		SOLE		2,651	0	656
QUALCOMM Inc	COM	747525103	19,290	257,996	SH		SOLE		201,239	0	56,756
Realty Income Corp	COM	756109104	2,057	50,430	SH		SOLE		47,828	0	2,602
Regency Energy Partners LP	COM UNITS L P	75885y107	215	6,582	SH		SOLE		4,969	0	1,613
Republic Services Inc	COM	760759100	12,573	322,214	SH		SOLE		264,703	0	57,511
Retail Opportunity Investments	COM	76131n101	3,216	218,771	SH		SOLE		211,737	0	7,034
Rexford Industrial Realty Inc	COM	76169c100	43,211	3,122,208	SH		SOLE		2,587,486	0	534,722
Reynolds American Inc	COM	761713106	655	11,100	SH		SOLE		9,800	0	1,300
RLI Corp	COM	749607107	203	4,700	SH		SOLE		4,700	0	0
Rockwell Automation Inc	COM	773903109	488	4,437	SH		SOLE		4,437	0	0
Rockwell Collins Inc	COM	774341101	338	4,300	SH		SOLE		4,300	0	0
Roundys Inc Company	COM	779268101	60	20,000	SH		SOLE		20,000	0	0
Royal Dutch Shell PLC - ADR A	SPONS ADR A	780259206	431	5,666	SH		SOLE		5,666	0	0
Rubicon Minerals Corp	COM	780911103	19	14,000	SH		SOLE		14,000	0	0
Safeway Inc	COM NEW	786514208	352	10,263	SH		SOLE		0	0	10,263
Schlumberger Ltd	COM	806857108	15,433	151,769	SH		SOLE		127,624	0	24,145
Schwab Strategic Tr Us Brd Mkt	US BRD MKT ETF	808524102	259	5,439	SH		SOLE		5,439	0	0
Simon Property Group Inc	COM	828806109	11,290	68,666	SH		SOLE		58,059	0	10,607
Source Capital Inc	COM	836144105	708	10,900	SH		SOLE		10,584	0	316
SPDR BarCap ST High Yield Bond	SHT TRM HGH YLD	78468r408	3,315	110,757	SH		SOLE		102,571	0	8,186
SPDR Gold Trust	GLD SHS	78463v107	1,351	11,622	SH		SOLE		11,372	0	250
Spdr Index Shs Fds Euro Stoxx	EURO STOXX 50	78463x202	494	12,438	SH		SOLE		12,438	0	0
Spdr S&P 500 Etf Tr Tr Unit	TR UNIT	78462F103	2,305	11,698	SH		SOLE		9,656	0	2,041
SPDR S&P MidCap 400 ETF Trust	UTSER1 S&PDCRP	78467y107	220	881	SH		SOLE		663	0	218
Spectra Energy Corp	COM	847560109	271	6,908	SH		SOLE		6,637	0	271
Sprint Nextel Corp	COM SER 1	85207u105	68	10,744	SH		SOLE		10,744	0	0
Staples Inc	COM	855030102	326	26,912	SH		SOLE		26,119	0	793
Starbucks Corp	COM	855244109	591	7,827	SH		SOLE		6,921	0	906
Starwood Property Trust Inc	COM	85571b105	2,606	118,650	SH		SOLE		115,761	0	2,889
Stratasys Ltd	SHS	m85548101	362	3,000	SH		SOLE		3,000	0	0
Stryker Corp	COM	863667101	368	4,560	SH		SOLE		4,560	0	0
Sunoco Logistics Partners LP	COM UNITS	86764l108	532	11,030	SH		SOLE		10,294	0	736
Sysco Corp	COM	871829107	14,605	384,846	SH		SOLE		325,860	0	58,986
Tanzanian Royalty Exploration	COM	87600u104	248	117,371	SH		SOLE		117,371	0	0
Telefonica SA	SPONSORED ADR	879382208	9,796	637,323	SH		SOLE		541,319	0	96,004
Templeton Emerging Markets Inc	COM	880192109	765	60,148	SH		SOLE		57,906	0	2,242
Tesla Motors Inc	COM	88160r101	222	916	SH		SOLE		501	0	415
Teva Pharmaceutical Industries	ADR	881624209	1,686	31,369	SH		SOLE		30,454	0	915
TIBCO Software Inc	COM	88632q103	250	10,600	SH		SOLE		10,600	0	0
Ticc Capital Corp Com	COM	87244T109	200	22,626	SH		SOLE		12,500	0	10,126
Time Warner Inc	COM NEW	887317303	217	2,887	SH		SOLE		2,887	0	0
TJX Cos Inc	COM	872540109	14,552	245,936	SH		SOLE		204,765	0	41,171
Tortoise Energy Infrastructure	COM	89147l100	920	19,118	SH		SOLE		16,562	0	2,556
Total SA	SPONSORED ADR	89151E109	745	11,565	SH		SOLE		11,565	0	0
Travelers Cos Inc/The	COM	89417e109	223	2,371	SH		SOLE		2,371	0	0
TSW Strategic Income Fund Inc	COM	872340104	1,003	178,157	SH		SOLE		158,655	0	19,502
Two Harbors Investment Corp	COM	90187b101	151	15,638	SH		SOLE		10,835	0	4,803
UCP Inc CL A	CL A	90265y106	1,108	92,711	SH		SOLE		85,351	0	7,360
Unilever NV	N Y SHS NEW	904784709	2,186	55,100	SH		SOLE		52,700	0	2,400
Union Pacific Corp	COM	907818108	16,594	153,056	SH		SOLE		127,886	0	25,170
United Parcel Service Inc	CL B	911312106	24,602	250,301	SH		SOLE		208,548	0	41,753
United Technologies Corp	COM	913017109	561	5,311	SH		SOLE		5,311	0	0
US Bancorp	COM NEW	902973304	510	12,201	SH		SOLE		12,201	0	0
Vanguard Emerging Markets ETF	FTSE EMR MKT ETF	922042858	813	19,491	SH		SOLE		18,933	0	558
Vanguard Europe Pacific ETF	FTSE DEV MKT ETF	921943858	2,670	67,166	SH		SOLE		66,195	0	971
Vanguard S&P 500 ETF	S&P 500 ETF SHS	922908363	1,968	10,900	SH		SOLE		10,900	0	0
Ventas Inc	COM	92276f100	826	13,326	SH		SOLE		13,326	0	0
Verizon Communications Inc	COM	92343v104	623	12,459	SH		SOLE		11,217	0	1,243
Walgreen Co	COM	931422109	432	7,288	SH		SOLE		7,288	0	0
Wal-Mart Stores Inc	COM	931142103	365	4,775	SH		SOLE		4,775	0	0
Walt Disney Co	COM DISNEY	254687106	16,987	190,806	SH		SOLE		154,706	0	36,100
WCI Communitites	COM PAR $0.01	92923c807	772	41,861	SH		SOLE		37,962	0	3,899
Wells Fargo & Co	COM	949746101	24,683	475,858	SH		SOLE		400,494	0	75,364
Wells Fargo Multi-Sector Incom	COM SHS	94987D101	721	51,660	SH		SOLE		45,318	0	6,342
Western Asset Emerging Markets	COM	95766a101	717	41,903	SH		SOLE		40,212	0	1,691
Western Asset Mtg Cap Com	COM	95790D105	148	10,000	SH		SOLE		10,000	0	0
Western Gas Partners LP	COM UNIT LP IN	958254104	341	4,542	SH		SOLE		4,255	0	287
Wet Seal Inc	CL A	961840105	110	210,000	SH		SOLE		210,000	0	0
World Wrestling Entertainment	CL A	98156q108	1,210	87,888	SH		SOLE		85,391	0	2,497