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
Berkshire Hathaway CL A	CL A	084670108	4,150	17	SH		SOLE		17	0	0
3M Co Com	COM	88579Y101	827	4,631	SH		SOLE		4,631	0	0
Abbott Laboratories	COM	002824100	511	13,305	SH		SOLE		5,805	0	7,500
AbbVie Inc.	COM	00287y109	1,054	16,834	SH		SOLE		11,984	0	4,850
Accenture PLC	SHS CLASS A	G1151C101	545	4,656	SH		SOLE		3,406	0	1,250
Activision Blizzard Inc	COM	00507v109	752	20,834	SH		SOLE		20,109	0	725
Acuity Brands Inc	COM	00508Y102	262	1,134	SH		SOLE		1,134	0	0
Advance Auto Parts Inc	COM	00751y106	458	2,708	SH		SOLE		433	0	2,275
Aflac Inc	COM	001055102	214	3,076	SH		SOLE		2,076	0	1,000
Alexander & Baldwin Inc	COM	014491104	71	1,583	SH		SOLE		1,583	0	0
Alexander & Baldwin Inc	COM	014491104	181	4,030	SH		DFND	1	4,030	0	0
Alexandria Real Est Pfd Conv Series D	PFD CONV SER D	015271505	2,211	64,531	SH		SOLE		58,776	0	5,775
Alexandria Real Estate Equitie	COM	015271109	2,315	20,830	SH		SOLE		20,790	0	40
Allergan PLC	SHS	g0177j108	27,135	129,209	SH		SOLE		112,444	0	16,765
Allergan PLC	SHS	g0177j108	3,650	17,378	SH		DFND	1	17,378	0	0
Allergan plc, 5.50	PFD CONV SER A	g0177j116	4,730	6,203	SH		SOLE		5,018	0	1,185
Allergan plc, 5.50	PFD CONV SER A	g0177j116	915	1,200	SH		DFND	1	1,200	0	0
Allianzgi Convertible & Income	COM	018825109	67	11,760	SH		SOLE		11,760	0	0
Alphabet Inc Class A	CAP STK CL A	02079k305	2,275	2,871	SH		SOLE		1,753	0	1,118
Alphabet Inc Class A	CAP STK CL A	02079k305	460	581	SH		DFND	1	581	0	0
Alphabet Inc Class C	CAP STK CK C	02079k107	28,196	36,531	SH		SOLE		31,806	0	4,725
Alphabet Inc Class C	CAP STK CK C	02079k107	1,440	1,866	SH		DFND	1	1,866	0	0
Altria Group Inc	COM	02209S103	29,299	433,289	SH		SOLE		377,521	0	55,768
Amazon.com Inc	COM	023135106	2,488	3,318	SH		SOLE		3,236	0	82
American Electric Power Co Inc	COM	025537101	286	4,543	SH		SOLE		3,143	0	1,400
AmerisourceBergen Corp	COM	03073e105	533	6,821	SH		SOLE		6,821	0	0
Amgen Inc	COM	031162100	592	4,051	SH		SOLE		3,797	0	254
Anheuser-Busch InBev NV	SPONSORED ADR	03524A108	14,747	139,861	SH		SOLE		122,514	0	17,348
Aon plc	SHS CL A	G0408V102	2,129	19,093	SH		SOLE		18,978	0	115
Apple Inc	COM	037833100	8,660	74,775	SH		SOLE		62,855	0	11,919
AT&T Inc	COM	00206r102	1,679	39,483	SH		SOLE		34,026	0	5,457
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	398	18,027	SH		SOLE		18,027	0	0
Bank of America Non-Cumulative	7.25%CNV PFD L	060505682	1,152	987	SH		SOLE		837	0	150
Bank of New York Mellon Co	COM	064058100	30,625	646,371	SH		SOLE		556,703	0	89,668
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	59,205	363,268	SH		SOLE		208,369	0	154,899
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	1,129	6,930	SH		DFND	1	6,930	0	0
Biogen Idec Inc	COM	09062x103	1,143	4,031	SH		SOLE		3,472	0	559
BioMarin Pharmaceutical Inc	COM	09061g101	543	6,550	SH		DFND	1	6,550	0	0
Blackrock Build America Bond T	SHS	09248x100	1,411	65,304	SH		SOLE		63,228	0	2,077
Blackrock Build America Bond T	SHS	09248x100	1,412	65,362	SH		DFND	1	65,362	0	0
BlackRock Core Bond Trust	SHS BEN INT	09249e101	3,589	275,865	SH		SOLE		254,283	0	21,582
BlackRock Credit Allocation In	COM	092508100	5,417	417,635	SH		SOLE		390,175	0	27,460
Blackrock Floating Rate Income	COM	09255x100	5,109	354,539	SH		SOLE		328,046	0	26,494
Blackrock Floating Rate Income	COM	091941104	182	12,908	SH		SOLE		12,908	0	0
BlackRock Inc Co	COM	09247X101	27,360	71,897	SH		SOLE		62,760	0	9,137
Blackrock Ltd Duration	COM SHS	09249w101	4,402	290,193	SH		SOLE		267,473	0	22,720
Blackrock Multi-Sector Income	COM	09258A107	2,898	175,858	SH		SOLE		163,838	0	12,020
Blackrock Muniholdings CA Insu	COM	09254l107	999	70,979	SH		SOLE		52,531	0	18,448
Blackrock Muniyield CA Insured	COM	09254n103	191	13,165	SH		SOLE		13,165	0	0
Blackrock Target Trm Tr	COM SHS BEN IN	09257p105	1,968	90,133	SH		SOLE		68,079	0	22,054
Boeing Co	COM	097023105	1,064	6,833	SH		SOLE		6,711	0	122
Bofi Holding Inc	COM	05566u108	1,370	48,000	SH		SOLE		48,000	0	0
Bristol Myers Squibb Co	COM	110122108	1,880	32,173	SH		SOLE		26,829	0	5,344
Bristol Myers Squibb Co	COM	110122108	1,169	20,000	SH		DFND	1	20,000	0	0
British American Tobacco PLC	SPONSORED ADR	110448107	16,640	147,686	SH		SOLE		131,150	0	16,536
Broadcom Ltd	SHS	y09827109	1,977	11,185	SH		SOLE		11,185	0	0
Brookfield Real Assets Income	SHS BEN INT	112830104	2,220	99,491	SH		SOLE		96,075	0	3,416
Brown Forman Corp Class B With	CL B	115637209	1,784	39,720	SH		SOLE		36,094	0	3,626
Camping World Holdings Inc.	CL A	13462k109	409	12,550	SH		SOLE		12,550	0	0
Caterpillar Inc	COM	149123101	281	3,028	SH		SOLE		3,028	0	0
Celgene Corp	COM	151020104	2,795	24,148	SH		SOLE		24,148	0	0
CenturyLink Inc	COM	156700106	1,391	58,481	SH		SOLE		53,979	0	4,502
Charles Schwab Corp	COM	808513105	1,784	45,196	SH		SOLE		44,238	0	958
Chevron Corp	COM	166764100	1,857	15,780	SH		SOLE		15,114	0	666
Cigna Corp	COM	125509109	273	2,049	SH		SOLE		2,049	0	0
Cisco Systems Inc	COM	17275R102	2,122	70,229	SH		SOLE		38,284	0	31,945
Citi A Warrants Exp 01/04/19	*W EXP 01/04/201	172967226	3	18,985	SH		SOLE		18,985	0	0
Coca Cola Inc	COM	191216100	4,474	107,911	SH		SOLE		93,359	0	14,552
Coca-Cola European Partners PL	SHS	g25839104	946	30,115	SH		SOLE		30,115	0	0
Cohen & Steers Limited Duratio	COM	19248c105	5,884	239,779	SH		SOLE		223,608	0	16,172
Cohen & Steers Limited Duratio	COM	19248c105	2,104	85,718	SH		DFND	1	85,718	0	0
Colgate-Palmolive Co	COM	194162103	300	4,588	SH		SOLE		4,588	0	0
Comcast Corp	CL A	20030n101	24,097	348,973	SH		SOLE		304,730	0	44,243
Consolidated Edison Inc	COM	209115104	231	3,141	SH		SOLE		2,841	0	300
Constellation Brands Inc	CL A	21036p108	550	3,586	SH		SOLE		3,586	0	0
Contravir Pharmaceuticals Inc	COM	21234W103	12	10,000	SH		SOLE		10,000	0	0
Copart Inc	COM	217204106	568	10,256	SH		SOLE		1,133	0	9,123
Coresite Realty Corp	COM	21870q105	747	9,411	SH		SOLE		9,411	0	0
Costamare Inc Shs	SHS	y1771g102	554	98,960	SH		SOLE		98,960	0	0
Costco Wholesale Corp	COM	22160k105	1,022	6,380	SH		SOLE		5,363	0	1,017
Crown Holdings Inc	COM	228368106	592	11,269	SH		SOLE		1,247	0	10,022
CVS Health Corp	COM	126650100	264	3,347	SH		SOLE		3,147	0	200
Cys Invts Inc Com	COM	12673a108	193	25,000	SH		SOLE		25,000	0	0
Deckers Outdoor Corp	COM	243537107	245	4,431	SH		SOLE		489	0	3,942
Deere & Co	COM	244199105	215	2,091	SH		SOLE		2,091	0	0
Delphi Automotive PLC	SHS	g27823106	225	3,342	SH		SOLE		367	0	2,975
Diageo PLC	SPON ADR NEW	25243Q205	26,624	256,147	SH		SOLE		221,848	0	34,299
Diageo PLC	SPON ADR NEW	25243Q205	780	7,505	SH		DFND	1	7,505	0	0
Digital Realty Trust Inc	COM	253868103	540	5,495	SH		SOLE		5,495	0	0
Direxion Shares Jr Gold Minder	DAILY JR GOLD MI	25490k554	80	14,390	SH		SOLE		0	0	14,390
Discovery Communications Inc	COM SER C	25470f302	201	7,500	SH		SOLE		7,500	0	0
Diversified Real Asset Income	COM SHS	25533B108	3,965	254,302	SH		SOLE		236,787	0	17,515
Diversified Real Asset Income	COM SHS	25533B108	0	1	SH		DFND	1	1	0	0
Dominion Resources Inc/VA	COM	25746U109	690	9,012	SH		SOLE		9,012	0	0
Doubleline Income Solutions Cl	COM	258622109	8,094	426,242	SH		SOLE		383,908	0	42,333
Doubleline Income Solutions Cl	COM	258622109	959	50,477	SH		DFND	1	50,477	0	0
Doubleline Opportunistic Credi	COM	258623107	774	33,523	SH		SOLE		32,483	0	1,040
Doubleline Opportunistic Credi	COM	258623107	116	5,037	SH		DFND	1	5,037	0	0
DoubleLine Total Return Tactic	SPDR TR TACTIC	78467v848	4,609	95,255	SH		SOLE		66,306	0	28,949
Dow Chemical Co	COM	260543103	16,188	282,906	SH		SOLE		120,439	0	162,467
Eaton Vance California Municip	SH BEN INT	27826f101	452	36,788	SH		SOLE		35,989	0	799
Eaton Vance Limited Duration I	COM	27828h105	4,679	341,006	SH		SOLE		315,110	0	25,896
Eaton Vance Municipal Bond Fun	COM	27827X101	511	41,208	SH		SOLE		23,309	0	17,899
Eaton Vance Municipal Incm 202	SHS	27829U105	1,373	70,008	SH		SOLE		42,215	0	27,793
Eaton Vance National Muni	COM SHS	27829l105	1,443	69,391	SH		SOLE		54,982	0	14,409
eBay Inc	COM	278642103	738	24,873	SH		SOLE		4,820	0	20,053
Ecolab Inc	COM	278865100	344	2,933	SH		SOLE		2,666	0	267
Edison International	COM	281020107	635	8,823	SH		SOLE		8,723	0	100
Eldorado Gold Corp	COM	284902103	36	11,330	SH		SOLE		11,330	0	0
Eli Lilly & Co	COM	532457108	551	7,487	SH		SOLE		6,902	0	585
Emerson Electric Co	COM	291011104	623	11,177	SH		SOLE		9,177	0	2,000
Enterprise Prods Partners L P	COM	293792107	305	11,273	SH		SOLE		11,273	0	0
Entravision Communications Cor	CL A	29382r107	525	75,000	SH		SOLE		75,000	0	0
Equinix Inc	COM PAR $0.001	29444u700	502	1,405	SH		SOLE		1,405	0	0
Exxon Mobil Corp	COM	30231G102	5,646	62,556	SH		SOLE		59,260	0	3,296
Facebook Inc	CL A	30303m102	3,747	32,568	SH		SOLE		28,872	0	3,696
Fifth Street Finance Corp	COM	31678A103	81	15,000	SH		SOLE		15,000	0	0
First Trust Senior Floating Ra	COM	33733u108	4,152	300,227	SH		SOLE		274,945	0	25,282
Flaherty and Crumrine Dynamic	SHS	33848w106	1,658	69,734	SH		SOLE		61,385	0	8,349
Fox Entertainment Group Inc	CL B	90130a200	17	642	SH		SOLE		642	0	0
Fox Entertainment Group Inc	CL B	90130a200	1,067	39,160	SH		DFND	1	39,160	0	0
FTD Companies, Inc	COM	30281v108	943	39,541	SH		SOLE		39,024	0	517
FTD Companies, Inc	COM	30281v108	2,371	99,459	SH		DFND	1	99,459	0	0
Gap Inc	COM	364760108	237	10,574	SH		SOLE		10,574	0	0
General Electric Co	COM	369604103	1,337	42,316	SH		SOLE		36,721	0	5,595
General Mills Inc	COM	370334104	337	5,458	SH		SOLE		4,218	0	1,240
Gilead Sciences Inc	COM	375558103	6,406	89,456	SH		SOLE		83,496	0	5,960
Gilead Sciences Inc	COM	375558103	1,654	23,095	SH		DFND	1	23,095	0	0
Glacier Bancorp Inc	COM	37637Q105	555	15,306	SH		SOLE		15,306	0	0
Gladstone Capital Corp	COM	376535100	119	12,701	SH		SOLE		12,701	0	0
Global Net Lease, Inc.	COM	379378102	898	114,647	SH		SOLE		103,268	0	11,379
Goldman Sachs Group Inc	COM	38141G104	32,370	135,184	SH		SOLE		117,046	0	18,138
Gramercy Property Trust Inc	COM	385002100	32,607	3,551,971	SH		SOLE		2,957,316	0	594,655
Gramercy Property Trust Inc	COM	385002100	789	86,000	SH		DFND	1	86,000	0	0
Great AJAX Corp	COM	38983d300	586	44,163	SH		SOLE		37,582	0	6,581
Great AJAX Corp	COM	38983d300	318	23,980	SH		DFND	1	23,980	0	0
Highland/iBoxx Senior Loan ETF	HI LD IBOXX SRLN	430101774	3,208	171,115	SH		SOLE		151,099	0	20,016
Home Depot Inc/The	COM	437076102	903	6,734	SH		SOLE		5,344	0	1,390
Honeywell International Inc	COM	438516106	376	3,244	SH		SOLE		2,744	0	500
Illumina Inc	COM	452327109	420	3,281	SH		SOLE		3,281	0	0
Intel Corp	COM	458140100	1,306	35,996	SH		SOLE		32,506	0	3,490
Intellipharmaceutics Internati	COM	458173101	287	100,900	SH		SOLE		100,900	0	0
International Business Machine	COM	459200101	5,284	31,834	SH		SOLE		27,251	0	4,583
Invesco Quality Municipal Inco	COM	46133G107	1,610	129,834	SH		SOLE		114,579	0	15,255
Invesco Value Municipal Income	COM	46132p108	544	37,171	SH		SOLE		32,168	0	5,003
Invesco Van Kampen CA Value Mu	COM	46132h106	474	39,046	SH		SOLE		39,046	0	0
ishares Core MSCI EAFE ETF	CORE MSCI EAFE	46432f842	588	10,967	SH		SOLE		10,967	0	0
iShares Core S&P Total US Stoc	CORE S&P TTL STL	464287150	2,459	47,938	SH		SOLE		47,086	0	852
iShares Core U.S. Aggregate Bo	CORE US AGGBD ET	464287226	5,843	54,068	SH		SOLE		52,023	0	2,045
iShares DJ Select Dividend Ind	SELECT DIVID ETF	464287168	384	4,335	SH		SOLE		2,222	0	2,113
iShares iBonds Mar 2018 Corp	2018 CP TM ETF	46432faw7	270	10,566	SH		SOLE		10,566	0	0
iShares Iboxx $ Invest Grade C	IBOX INV CP ETF	464287242	393	3,354	SH		SOLE		2,641	0	713
iShares Iboxx High Yield Corpo	IBOX HI YD ETF	464288513	5,164	59,664	SH		SOLE		49,564	0	10,100
iShares MSCI EAFE Growth Index	EAFE GRWTH TF	464288885	276	4,341	SH		SOLE		4,341	0	0
iShares MSCI Eafe Index Fund	MSCI EAFE ETF	464287465	8,846	153,235	SH		SOLE		114,230	0	39,005
iShares MSCI EAFE Minimum Vola	EAFE MIN VOL ETF	46429b689	365	5,963	SH		SOLE		5,963	0	0
iShares MSCI KLD 400 Social Id	MSCI KLD400 SOC	464288570	284	3,450	SH		SOLE		3,450	0	0
iShares Russell 1000 Growth In	RUS 1000 GRW ETF	464287614	378	3,607	SH		SOLE		3,607	0	0
iShares Russell 2000 Index Fun	RUSSELL 2000 ETF	464287655	272	2,020	SH		SOLE		1,766	0	254
iShares S&P 500 Index Fund	CORE S&P500 ETF	464287200	2,606	11,584	SH		SOLE		9,944	0	1,640
iShares S&P California Municip	CALIF MUN BD ETF	464288356	6,646	57,548	SH		SOLE		54,601	0	2,947
iShares S&P National Municipal	NATIONA MUN ETF	464288414	1,637	15,130	SH		SOLE		15,130	0	0
iShares S&P S/T Nationall AMT-	SHRT NAT MUN ETF	464288158	301	2,867	SH		SOLE		2,867	0	0
Jacobs Engineering Group Inc	COM	469814107	222	3,900	SH		SOLE		3,900	0	0
Jamba Inc	COM NEW	47023a309	627	60,900	SH		DFND	1	60,900	0	0
Johnson & Johnson	COM	478160104	28,155	244,378	SH		SOLE		214,344	0	30,033
JPMorgan Chase & Co	COM	46625H100	762	8,830	SH		SOLE		8,207	0	623
Kayne Anderson Energy Developm	COM	48660Q102	201	10,352	SH		SOLE		7,252	0	3,100
Kayne Anderson Mdstm Com	COM	48661e108	222	13,965	SH		SOLE		9,115	0	4,850
Kcap Finl Inc Com	COM	48668e101	48	12,000	SH		SOLE		12,000	0	0
Kimco Realty Corp	COM	49446R109	649	25,800	SH		SOLE		25,800	0	0
Kraft Heinz Co.	COM	500754106	445	5,098	SH		SOLE		3,516	0	1,582
Las Vegas Sands Corp	COM	517834107	20,792	389,297	SH		SOLE		341,010	0	48,287
Lennar Corp	CL A	526057104	470	10,943	SH		SOLE		10,943	0	0
Leucadia National Corp	COM	527288104	414	17,787	SH		SOLE		17,546	0	241
Leucadia National Corp	COM	527288104	366	15,750	SH		DFND	1	15,750	0	0
Level 3 Communications Inc	COM NEW	52729n308	24,094	427,504	SH		SOLE		371,990	0	55,514
Level 3 Communications Inc	COM NEW	52729n308	4,125	73,185	SH		DFND	1	73,185	0	0
LGI Homes Inc	COM	50187t106	431	15,000	SH		SOLE		15,000	0	0
Liberty Global Inc	SHS CL A	g5480u104	466	15,241	SH		SOLE		15,039	0	202
Liberty Global Inc	SHS CL A	g5480u104	1,338	43,750	SH		DFND	1	43,750	0	0
Liberty Global LiLAC Group - C	LILAC SHS CL A	g5480u138	3	122	SH		SOLE		122	0	0
Liberty Global LiLAC Group - C	LILAC SHS CL A	g5480u138	612	27,871	SH		DFND	1	27,871	0	0
Line Corp	SPONSORED ADR	53567x101	340	10,000	SH		SOLE		10,000	0	0
Lions Gate Entertainment Class	CL A VTG	535919401	8	303	SH		SOLE		303	0	0
Lions Gate Entertainment Class	CL A VTG	535919401	3,444	128,025	SH		DFND	1	128,025	0	0
Lions Gate Entertainment Class	CL B NON VTG	535919500	840	34,230	SH		SOLE		33,773	0	457
Live Nation Entertainment Inc	COM	538034109	14,152	532,033	SH		SOLE		465,713	0	66,320
Live Nation Entertainment Inc	COM	538034109	2,218	83,370	SH		DFND	1	83,370	0	0
Lockheed Martin Corp	COM	539830109	445	1,780	SH		SOLE		1,269	0	511
Lowe's Cos Inc	COM	548661107	393	5,525	SH		SOLE		5,498	0	27
LSI Industries Inc	COM	50216c108	390	40,000	SH		SOLE		40,000	0	0
Madison Square Garden Co/The	CL A	55825t103	346	2,018	SH		SOLE		223	0	1,795
Magellan Midstream Partners LP	COM UNIT RP LP	559080106	450	5,955	SH		SOLE		5,955	0	0
Mallinckrodt Inc/NY	SHS	g5785g107	17,439	350,034	SH		SOLE		0	0	350,034
McDonald's Corp	COM	580135101	1,053	8,653	SH		SOLE		7,952	0	701
Mead Johnson Nutrition Co	COM	582839106	1,476	20,857	SH		SOLE		18,946	0	1,911
Medley Capital Corp.	COM	58503f106	75	10,000	SH		SOLE		10,000	0	0
Medtronic PLC	SHS	g5960l103	21,660	304,082	SH		SOLE		263,372	0	40,710
Merck & Co Inc	COM	58933Y105	26,836	455,854	SH		SOLE		397,460	0	58,394
MetLife Inc	COM	59156r108	304	5,632	SH		SOLE		4,232	0	1,400
MFS Multi-Market	SH BEN INT	552737108	3,175	523,889	SH		SOLE		479,844	0	44,044
Micron Technology Inc	COM	595112103	438	20,000	SH		SOLE		20,000	0	0
Microsoft Corp	COM	594918104	84,142	1,354,067	SH		SOLE		1,304,010	0	50,057
Miller Howard High Income Equi	COM SHS BEN IN	600379101	857	69,137	SH		SOLE		58,499	0	10,638
Mobileye	ORD SHS	n51488117	407	10,670	SH		SOLE		10,190	0	480
Molson Coors Brewing Co	CL B	60871R209	596	6,123	SH		SOLE		677	0	5,446
Mondelez International Inc	CL A	609207105	18,122	408,795	SH		SOLE		355,513	0	53,282
Monsanto Co	COM	61166w101	13,966	132,747	SH		SOLE		115,437	0	17,309
Monsanto Co	COM	61166w101	305	2,900	SH		DFND	1	2,900	0	0
Monster Beverage Corp	COM	61174x109	457	10,309	SH		SOLE		9,958	0	351
Motorola Solutions Inc	COM NEW	620076307	753	9,085	SH		SOLE		1,176	0	7,909
National Oilwell Varco Inc	COM	637071101	399	10,658	SH		SOLE		10,658	0	0
NetEase Inc	SPONSORED ADR	64110w102	1,091	5,068	SH		SOLE		5,068	0	0
Netflix Inc	COM	64110l106	672	5,429	SH		SOLE		5,427	0	2
Neuberger Berman Real Estate S	COM	64190a103	85	15,771	SH		SOLE		15,771	0	0
New America High Income Fund	COM NEW	641876800	2,983	322,104	SH		SOLE		289,081	0	33,024
New Oriental Education & Techn	SPON ADR	647581107	480	11,400	SH		SOLE		11,400	0	0
NextEra Energy Inc	COM	65339F101	299	2,504	SH		SOLE		2,504	0	0
Nielsen Holdings PLC	SHS EUR	g6518l108	11,492	273,934	SH		SOLE		234,371	0	39,562
NIKE Inc	CL B	654106103	211	4,152	SH		SOLE		2,739	0	1,413
Nordic American Tankers LTD	COM	g65773106	394	46,891	SH		SOLE		46,891	0	0
Novartis AG	SPONSORED ADR	66987V109	202	2,772	SH		SOLE		2,772	0	0
Nuveen Amt-Free Municipal Inco	COM	670657105	895	67,113	SH		SOLE		36,172	0	30,941
Nuveen Build America Bond Fund	COM	67074c103	3,942	191,079	SH		SOLE		180,096	0	10,983
Nuveen Build America Bond Fund	COM	67074c103	1,404	68,069	SH		DFND	1	68,069	0	0
Nuveen Build America Bond Oppo	COM	67074q102	243	11,591	SH		SOLE		11,591	0	0
Nuveen CA Muni Advantage Fd	COM	67066Y105	479	33,858	SH		SOLE		11,833	0	22,025
Nuveen CA Muni Value Fund	COM	67062C107	2,301	220,635	SH		SOLE		219,635	0	1,000
Nuveen Credit Strategies Incom	COM SHS	67073d102	9,344	1,055,785	SH		SOLE		953,548	0	102,237
Nuveen Credit Strategies Incom	COM SHS	67073d102	1,239	140,000	SH		DFND	1	140,000	0	0
Nuveen Dividend Advantage Muni	COM	67066V101	1,215	87,036	SH		SOLE		67,390	0	19,646
Nuveen Enhanced AMT-Free Muni	COM	67071l106	3,999	276,557	SH		SOLE		251,799	0	24,757
Nuveen Enhanced Municipal Cred	COM SH BEN INT	67070x101	2,964	209,606	SH		SOLE		184,594	0	25,013
Nuveen Floating Rate Income Op	COM SHS	6706EN100	3,250	266,651	SH		SOLE		242,414	0	24,237
Nuveen Preferred Income Opport	COM	67073b106	6,113	621,221	SH		SOLE		576,240	0	44,981
Nuveen Quality Preferred Incom	COM	67072C105	3,683	395,600	SH		SOLE		352,824	0	42,776
NVIDIA Corp	COM	67066g104	672	6,299	SH		SOLE		6,299	0	0
Oaktree Capital Group LLC	UNIT CL A	674001201	560	14,933	SH		SOLE		13,500	0	1,433
Oaktree Capital Group LLC	UNIT CL A	674001201	1,268	33,801	SH		DFND	1	33,801	0	0
Occidental Petroleum Corp	COM	674599105	11,648	163,532	SH		SOLE		144,798	0	18,733
ONEOK Inc	COM	682680103	592	10,315	SH		SOLE		10,315	0	0
Oracle Corp	COM	68389X105	25,802	671,059	SH		SOLE		582,193	0	88,866
PACCAR Inc	COM	693718108	256	4,000	SH		SOLE		4,000	0	0
PayPal Holdings Inc	COM	70450y103	824	20,888	SH		SOLE		17,762	0	3,126
PCM Fund Inc	COM	69323T101	7,421	742,150	SH		SOLE		696,802	0	45,348
PCM Fund Inc	COM	69323T101	469	46,950	SH		DFND	1	46,950	0	0
Penn West Petroleum Ltd	COM	707887105	81	46,000	SH		SOLE		46,000	0	0
PepsiCo Inc	COM	713448108	2,054	19,627	SH		SOLE		17,702	0	1,925
Pfizer Inc	COM	717081103	45,476	1,400,121	SH		SOLE		1,122,986	0	277,135
PG&E Corp	COM	69331c108	258	4,242	SH		SOLE		4,242	0	0
Philip Morris International In	COM	718172109	38,476	420,554	SH		SOLE		367,652	0	52,902
Philip Morris International In	COM	718172109	389	4,250	SH		DFND	1	4,250	0	0
PICO Holdings Inc	COM NEW	693366205	5,329	351,779	SH		SOLE		286,744	0	65,035
PICO Holdings Inc	COM NEW	693366205	8,987	593,222	SH		DFND	1	593,222	0	0
Pimco Corporate Opportunity Fu	COM	72201b101	3,938	275,166	SH		SOLE		243,050	0	32,116
Pimco Corporate Opportunity Fu	COM	72201b101	492	34,400	SH		DFND	1	34,400	0	0
PIMCO Dynamic Credit Income Fu	COM SHS	72202d106	8,795	434,986	SH		SOLE		402,977	0	32,009
PIMCO Dynamic Credit Income Fu	COM SHS	72202d106	1,597	79,000	SH		DFND	1	79,000	0	0
PIMCO Dynamic Income Fund	SHS	72201y101	2,420	87,377	SH		SOLE		70,950	0	16,427
PIMCO Dynamic Income Fund	SHS	72201y101	692	25,000	SH		DFND	1	25,000	0	0
Pimco Enhanced Short Maturity	ENHAN SHRT MA AC	72201r833	31,559	311,444	SH		SOLE		280,180	0	31,265
Pimco Income Strategy Fund	COM	72201H108	790	74,721	SH		SOLE		38,566	0	36,155
Pimco Income Strategy Fund II	COM	72201j104	9,193	968,686	SH		SOLE		910,516	0	58,169
Pimco Municipal Income Fund II	COM	72200w106	470	38,445	SH		SOLE		38,445	0	0
Pimco Municipal Income Fund II	COM	72201a103	273	23,979	SH		SOLE		23,979	0	0
PIMCO Total Return ETF	TTL RTN ACTV ETF	72201r775	342	3,285	SH		SOLE		3,285	0	0
PNC Financial Services Group I	COM	693475105	240	2,054	SH		SOLE		1,954	0	100
Powershares Emerging Markets D	SOVEREIGN DEBT	73936T573	304	10,752	SH		SOLE		10,752	0	0
PPG Industries Inc	COM	693506107	18,367	193,827	SH		SOLE		168,408	0	25,419
Procter & Gamble Co	COM	742718109	1,784	21,219	SH		SOLE		13,448	0	7,771
Prospect Capital Corp	COM	74348T102	400	47,888	SH		SOLE		47,888	0	0
Prudential Financial Inc	COM	744320102	1,348	12,951	SH		SOLE		12,951	0	0
Public Storage	COM	74460d109	660	2,951	SH		SOLE		2,951	0	0
QTS Realty Trust Inc	COM CL A	74736a103	583	11,736	SH		SOLE		11,736	0	0
QUALCOMM Inc	COM	747525103	17,455	267,711	SH		SOLE		230,243	0	37,468
Raytheon Co	COM NEW	755111507	372	2,616	SH		SOLE		1,052	0	1,564
Realty Income Corp	COM	756109104	819	14,241	SH		SOLE		12,252	0	1,989
Republic Services Inc	COM	760759100	19,910	348,997	SH		SOLE		298,216	0	50,781
Retail Opportunity Investments	COM	76131n101	22,337	1,057,102	SH		SOLE		922,463	0	134,639
Rexford Industrial Realty Inc	COM	76169c100	25,821	1,113,463	SH		SOLE		935,705	0	177,757
Rivernorth Opportunities Fund	COM	76881y109	283	14,973	SH		DFND	1	14,973	0	0
RLI Corp	COM	749607107	256	4,051	SH		SOLE		4,051	0	0
Rockwell Automation Inc	COM	773903109	408	3,033	SH		SOLE		3,033	0	0
Rockwell Collins Inc	COM	774341101	417	4,500	SH		SOLE		4,500	0	0
Schlumberger Ltd	COM	806857108	979	11,664	SH		SOLE		10,081	0	1,583
Schwab Int'l Large Cap Equity	INTL EQTY ETF	808524805	371	13,397	SH		SOLE		13,397	0	0
Schwab U.S. Large-Cap Value Fu	US LCAP VA ETF	808524409	1,009	20,976	SH		SOLE		19,960	0	1,016
Schwab US Aggregate Bond - ETF	US AGGREGATE B	808524839	435	8,445	SH		SOLE		6,871	0	1,574
Schwab US REIT - ETF	US REIT ETF	808524847	550	13,405	SH		SOLE		9,745	0	3,660
Seadrill Partners LLC	COMUNIT REP LB	y7545w109	87	20,675	SH		SOLE		0	0	20,675
Sempra Energy	COM	816851109	283	2,816	SH		SOLE		2,816	0	0
Silicon Motion Technology Corp	SPONSORED ADR	82706C108	212	5,000	SH		SOLE		5,000	0	0
Skyworks Solutions Inc	COM	83088m102	554	7,425	SH		SOLE		1,086	0	6,339
SPDR BarCap ST High Yield Bond	SHT TRM HGH YLD	78468r408	296	10,706	SH		SOLE		9,075	0	1,631
SPDR Gold Trust	GLD SHS	78463v107	628	5,730	SH		SOLE		5,730	0	0
Spdr S&P 500 Etf Tr Tr Unit	TR UNIT	78462F103	8,156	36,486	SH		SOLE		31,527	0	4,959
Special Opportunities Fund Inc	COM	84741t104	187	13,734	SH		DFND	1	13,734	0	0
Starbucks Corp	COM	855244109	8,232	148,264	SH		SOLE		143,726	0	4,538
Starwood Property Trust Inc	COM	85571b105	21,030	958,089	SH		SOLE		852,774	0	105,315
Sysco Corp	COM	871829107	451	8,148	SH		SOLE		8,148	0	0
Tanzanian Royalty Exploration	COM	87600u104	59	117,371	SH		SOLE		117,371	0	0
TCW Strategic Income Fund Inc	COM	872340104	737	138,278	SH		SOLE		130,360	0	7,918
TCW Strategic Income Fund Inc	COM	872340104	162	30,357	SH		DFND	1	30,357	0	0
Templeton Emerging Markets Inc	COM	880192109	509	46,662	SH		SOLE		43,177	0	3,485
Templeton Emerging Markets Inc	COM	880192109	382	35,038	SH		DFND	1	35,038	0	0
Teva Pharmaceutical Industries	ADR	881624209	2,503	69,037	SH		SOLE		57,715	0	11,322
Teva Pharmaceutical Industries	ADR	881624209	786	21,686	SH		DFND	1	21,686	0	0
Ticc Capital Corp Com	COM	87244T109	166	25,126	SH		SOLE		25,126	0	0
Time Warner Inc	COM NEW	887317303	1,976	20,468	SH		SOLE		17,711	0	2,757
TJX Cos Inc	COM	872540109	401	5,338	SH		SOLE		4,996	0	342
Toll Brothers Inc	COM	889478103	316	10,184	SH		SOLE		10,184	0	0
Tortoise Energy Infrastructure	COM	89147l100	295	9,622	SH		SOLE		7,572	0	2,050
Total SA	SPONSORED ADR	89151e109	267	5,238	SH		SOLE		2,738	0	2,500
Travelers Cos Inc/The	COM	89417e109	355	2,901	SH		SOLE		2,901	0	0
Twenty First Centy Fox Cl A	CL A	90130a101	19,085	680,646	SH		SOLE		585,839	0	94,807
Twilio Inc	CL A	90138f102	636	22,050	SH		SOLE		22,050	0	0
UCP Inc CL A	CL A	90265y106	112	9,260	SH		SOLE		7,991	0	1,269
UCP Inc CL A	CL A	90265y106	792	65,740	SH		DFND	1	65,740	0	0
Ulta Salon Cosmetics & Fragran	COM	90384S303	391	1,535	SH		SOLE		1,535	0	0
Unilever NV	N Y SHS NEW	904784709	1,075	26,192	SH		SOLE		26,192	0	0
Union Pacific Corp	COM	907818108	460	4,435	SH		SOLE		4,435	0	0
United Parcel Service Inc	CL B	911312106	35,050	305,738	SH		SOLE		263,455	0	42,283
United Technologies Corp	COM	913017109	490	4,473	SH		SOLE		3,473	0	1,000
UnitedHealth Group Inc	COM	91324P102	1,663	10,392	SH		SOLE		10,053	0	339
US Bancorp	COM NEW	902973304	212	4,127	SH		SOLE		4,127	0	0
Valeant Pharmaceuticals Intern	COM	91911k102	175	12,034	SH		SOLE		11,834	0	200
Vanguard Europe Pacific ETF	FTSE DEV MKT ETF	921943858	267	7,310	SH		SOLE		2,159	0	5,151
Vanguard Mid Cap ETF	MID CAP ETF	922908629	2,872	21,819	SH		SOLE		21,819	0	0
Vanguard REIT ETF	REIT ETF	922908553	4,880	59,133	SH		SOLE		52,123	0	7,010
Vanguard S&P 500 ETF	S&P 500 ETF SHS	922908363	4,074	19,841	SH		SOLE		19,841	0	0
Vanguard S&P Small-Cap 600 ETF	SMLLCP 600 IDX	921932828	1,554	12,480	SH		SOLE		12,480	0	0
Vanguard Short Term Corporate	SHTRM GVT BD ETF	92206c409	297	3,741	SH		SOLE		3,741	0	0
Vanguard Short-Term Bond ETF	SHORT TRM BOND	921937827	480	6,045	SH		SOLE		6,045	0	0
Vector Group Ltd	COM	92240m108	1,018	44,746	SH		SOLE		38,730	0	6,016
Vereit, Inc.	COM	92339v100	56,320	6,657,255	SH		SOLE		5,609,074	0	1,048,181
Vereit, Inc.	COM	92339v100	1,337	158,000	SH		DFND	1	158,000	0	0
Vereit, Inc.	COM	92339v100	648	76,600	SH		DFND	1	76,600	0	0
Verizon Communications Inc	COM	92343v104	813	15,235	SH		SOLE		12,506	0	2,729
Walgreens Boots Alliance Inc	COM	931427108	1,242	15,005	SH		SOLE		5,233	0	9,772
Wal-Mart Stores Inc	COM	931142103	640	9,262	SH		SOLE		8,155	0	1,107
Walt Disney Co	COM DISNEY	254687106	16,538	158,685	SH		SOLE		137,728	0	20,957
Wells Fargo & Co	COM	949746101	31,015	562,782	SH		SOLE		488,812	0	73,970
Wells Fargo & Co New Perp Pfd	PERP PFD CNV A	949746804	175	147	SH		SOLE		147	0	0
Wells Fargo & Co New Perp Pfd	PERP PFD CNV A	949746804	714	600	SH		DFND	1	600	0	0
Wells Fargo Multi-Sector Incom	WF MLT SECTR INC	94987D101	2,985	232,694	SH		SOLE		207,988	0	24,706
Western Asset/Claymore US Trea	COM	95766r104	524	47,039	SH		SOLE		43,308	0	3,731
WisdomTree Total Dividend Fund	TOTAL DIVID FD	97717w109	390	4,800	SH		SOLE		4,800	0	0
Worthington Industries Inc	COM	981811102	238	5,017	SH		SOLE		5,017	0	0
Wynn Resorts Ltd	COM	983134107	2,798	32,340	SH		SOLE		32,295	0	45
Wynn Resorts Ltd	COM	983134107	1,270	14,680	SH		DFND	1	14,680	0	0
Zoetis Inc.	CL A	98978v103	713	13,322	SH		SOLE		1,575	0	11,747