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	1,087	5,681	SH		SOLE		5,681	0	0
Abbott Laboratories	COM	002824100	603	13,588	SH		SOLE		7,015	0	6,573
AbbVie Inc.	COM	00287y109	1,006	15,441	SH		SOLE		10,337	0	5,104
Accenture PLC	SHS CLASS A	G1151C101	561	4,683	SH		SOLE		3,432	0	1,251
Activision Blizzard Inc	COM	00507v109	993	19,915	SH		SOLE		19,190	0	725
Advance Auto Parts Inc	COM	00751y106	846	5,705	SH		SOLE		300	0	5,405
Alexandria Real Estate Equitie	COM	015271109	2,512	22,730	SH		SOLE		22,690	0	40
Alexandria Real Est Pfd Conv Series D 7	PFD CONV SER D	015271505	2,253	64,637	SH		SOLE		58,882	0	5,755
Alibaba Group Holding Inc	SPONSORED ADR	01609w102	1,017	9,432	SH		SOLE		9,432	0	0
Allergan PLC	SHS	g0177j108	35,254	147,554	SH		SOLE		129,487	0	18,067
Allergan PLC	SHS	g0177j108	2,868	12,005	SH		DFND	1	12,005	0	0
Allergan plc, 5.50	PFD CONV SER A	g0177j116	4,200	4,950	SH		SOLE		4,019	0	931
Allergan plc, 5.50	PFD CONV SER A	g0177j116	1,018	1,200	SH		DFND	1	1,200	0	0
Allianzgi Convertible & Income	COM	018825109	71	11,760	SH		SOLE		11,760	0	0
Alphabet Inc Class A	CAP STK CL A	02079k305	3,279	3,868	SH		SOLE		2,480	0	1,388
Alphabet Inc Class A	CAP STK CL A	02079k305	493	581	SH		DFND	1	581	0	0
Alphabet Inc Class C	CAP STK CK C	02079k107	32,722	39,445	SH		SOLE		34,531	0	4,914
Alphabet Inc Class C	CAP STK CK C	02079k107	1,548	1,866	SH		DFND	1	1,866	0	0
Altria Group Inc	COM	02209S103	31,741	444,425	SH		SOLE		388,751	0	55,674
Amazon.com Inc	COM	023135106	5,881	6,634	SH		SOLE		6,388	0	246
AmerisourceBergen Corp	COM	03073e105	604	6,829	SH		SOLE		6,829	0	0
Amgen Inc	COM	031162100	584	3,561	SH		SOLE		3,491	0	70
Anheuser-Busch InBev NV ADR	SPONSORED ADR	03524a108	16,970	154,607	SH		SOLE		136,414	0	18,194
Aon plc	SHS CL A	G0408V102	2,247	18,933	SH		SOLE		18,933	0	0
Apple Inc	COM	037833100	12,466	86,776	SH		SOLE		76,234	0	10,542
AT&T Inc	COM	00206r102	1,558	37,496	SH		SOLE		33,949	0	3,547
Bank of America Corp	COM	060505104	1,603	67,940	SH		SOLE		67,898	0	42
Bank of America Non-Cumulative	7.25%CNV PFD L	060505682	1,270	1,063	SH		SOLE		913	0	150
Bank of America Non-Cumulative	7.25%CNV PFD L	060505682	364	305	SH		DFND	1	305	0	0
Bank of New York Mellon Co	COM	064058100	31,530	667,576	SH		SOLE		576,528	0	91,048
Berkshire Hathaway CL A	CL A	084670108	4,997	20	SH		SOLE		20	0	0
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	61,892	371,323	SH		SOLE		216,075	0	155,248
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	807	4,840	SH		DFND	1	4,840	0	0
BioMarin Pharmaceutical Inc	COM	09061g101	729	8,310	SH		DFND		8,310	0	0
Blackrock Build America Bond T	SHS	09248x100	1,449	64,708	SH		SOLE		62,646	0	2,062
Blackrock Build America Bond T	SHS	09248x100	1,480	66,118	SH		DFND	1	66,118	0	0
BlackRock Core Bond Trust	SHS BEN INT	09249e101	3,075	230,328	SH		SOLE		207,695	0	22,633
BlackRock Credit Allocation In	COM	092508100	4,039	306,938	SH		SOLE		278,404	0	28,535
Blackrock Floating Rate Income	COM	09255x100	4,624	319,141	SH		SOLE		288,842	0	30,299
Blackrock Floating Rate Income	COM	091941104	184	12,908	SH		SOLE		12,908	0	0
BlackRock Inc Co	COM	09247X101	18,205	47,469	SH		SOLE		41,814	0	5,655
Blackrock Ltd Duration	COM SHS	09249w101	4,752	305,174	SH		SOLE		278,821	0	26,353
Blackrock Multi-Sector Income	COM	09258A107	2,870	165,771	SH		SOLE		152,265	0	13,506
Blackrock Muniholdings CA Insu	COM	09254l107	1,222	86,213	SH		SOLE		64,271	0	21,942
Blackrock Muniyield CA Insured	COM	09254n103	255	17,305	SH		SOLE		17,305	0	0
Blackrock Target Trm Tr	COM SHS BEN IN	09257p105	2,101	92,849	SH		SOLE		70,779	0	22,070
Boeing Co	COM	097023105	1,041	5,888	SH		SOLE		5,738	0	150
Bofi Holding Inc	COM	05566u108	1,254	48,000	SH		SOLE		48,000	0	0
Bristol Myers Squibb Co	COM	110122108	2,570	47,265	SH		SOLE		40,562	0	6,703
British American Tobacco PLC A	SPONSORED ADR	110448107	20,628	311,036	SH		SOLE		277,465	0	33,572
Broadcom Ltd	SHS	y09827109	3,047	13,917	SH		SOLE		13,892	0	25
Brookfield Real Assets Income	SHS BEN INT	112830104	325	14,267	SH		SOLE		14,009	0	258
Brown Forman Corp Class B With	CL B	115637209	1,910	41,355	SH		SOLE		37,729	0	3,626
BT Group PLC	ADR	05577e101	31	1,551	SH		SOLE		1,551	0	0
BT Group PLC	ADR	05577e101	382	19,000	SH		DFND	1	19,000	0	0
Camping World Holdings Inc.	CL A	13462k109	484	15,000	SH		SOLE		15,000	0	0
Cardiovascular Systems Inc	COM	141619106	457	16,175	SH		SOLE		16,175	0	0
Celgene Corp	COM	151020104	2,997	24,084	SH		SOLE		24,000	0	84
CenturyLink Inc	COM	156700106	2,202	93,422	SH		SOLE		86,573	0	6,849
CenturyLink Inc	COM	156700106	223	9,465	SH		DFND	1	9,465	0	0
Charles Schwab Corp	COM	808513105	1,842	45,135	SH		SOLE		44,177	0	958
Chevron Corp	COM	166764100	1,809	16,848	SH		SOLE		16,129	0	719
Cigna Corp	COM	125509109	256	1,747	SH		SOLE		1,747	0	0
Cisco Systems Inc	COM	17275R102	2,536	75,020	SH		SOLE		42,851	0	32,169
Citi A Warrants Exp 01/04/19	*W EXP 01/04/201	172967226	3	18,985	SH		SOLE		18,985	0	0
Citizens Financial Group Inc	COM	174610105	519	15,028	SH		SOLE		15,000	0	28
Coca Cola Inc	COM	191216100	5,037	118,687	SH		SOLE		95,751	0	22,936
Coca-Cola European Partners PL	SHS	g25839104	1,131	30,000	SH		SOLE		30,000	0	0
Cohen & Steers Limited Duratio	COM	19248c105	5,897	232,628	SH		SOLE		215,811	0	16,816
Cohen & Steers Limited Duratio	COM	19248c105	1,436	56,660	SH		DFND	1	56,660	0	0
Colgate-Palmolive Co	COM	194162103	305	4,171	SH		SOLE		4,171	0	0
Comcast Corp	CL A	20030n101	26,681	709,781	SH		SOLE		620,340	0	89,440
ConocoPhillips	COM	20825C104	497	9,966	SH		SOLE		2,600	0	7,366
Consolidated Edison Inc	COM	209115104	299	3,855	SH		SOLE		3,841	0	14
Constellation Brands Inc	CL A	21036p108	324	2,000	SH		SOLE		2,000	0	0
Contravir Pharmaceuticals Inc	COM	21234W103	18	10,000	SH		SOLE		10,000	0	0
Copart Inc	COM	217204106	841	13,586	SH		SOLE		712	0	12,874
Coresite Realty Corp	COM	21870q105	713	7,921	SH		SOLE		7,921	0	0
Costco Wholesale Corp	COM	22160k105	1,236	7,373	SH		SOLE		6,606	0	767
Crown Holdings Inc	COM	228368106	802	15,155	SH		SOLE		806	0	14,349
CVS Health Corp	COM	126650100	372	4,734	SH		SOLE		3,338	0	1,396
Cys Invts Inc Com	COM	12673a108	199	25,000	SH		SOLE		25,000	0	0
Deere & Co	COM	244199105	235	2,162	SH		SOLE		2,162	0	0
Delphi Automotive PLC	SHS	g27823106	306	3,798	SH		SOLE		208	0	3,590
Diageo PLC ADR	SPON ADR NEW	25243Q205	32,526	281,414	SH		SOLE		244,256	0	37,158
Diageo PLC ADR	SPON ADR NEW	25243Q205	867	7,505	SH		DFND	1	7,505	0	0
Digital Realty Trust Inc	COM	253868103	585	5,495	SH		SOLE		5,495	0	0
Diversified Real Asset Income	COM SHS	25533B108	3,151	181,611	SH		SOLE		161,963	0	19,648
Dollar Tree Inc	COM	256746108	759	9,670	SH		DFND	1	9,670	0	0
Dominion Resources Inc/VA	COM	25746U109	633	8,166	SH		SOLE		8,152	0	14
Doubleline Income Solutions Cl	COM	258622109	8,728	434,861	SH		SOLE		391,714	0	43,147
Doubleline Income Solutions Cl	COM	258622109	1,037	51,655	SH		DFND	1	51,655	0	0
Doubleline Opportunistic Credi	COM	258623107	646	27,078	SH		SOLE		26,038	0	1,040
Doubleline Opportunistic Credi	COM	258623107	123	5,149	SH		DFND	1	5,149	0	0
Dow Chemical Co	COM	260543103	17,916	281,958	SH		SOLE		119,475	0	162,483
Eaton Vance California Municip	SH BEN INT	27826f101	437	35,632	SH		SOLE		30,823	0	4,809
Eaton Vance Limited Duration I	COM	27828h105	4,534	327,817	SH		SOLE		297,918	0	29,899
Eaton Vance Municipal Bond Fun	COM	27827X101	476	37,925	SH		SOLE		20,026	0	17,899
Eaton Vance Municipal Incm 202	SHS	27829U105	1,436	73,380	SH		SOLE		45,559	0	27,821
Eaton Vance National Muni	COM SHS	27829l105	1,493	69,391	SH		SOLE		54,982	0	14,409
eBay Inc	COM	278642103	1,129	33,630	SH		SOLE		8,859	0	24,771
Ecolab Inc	COM	278865100	365	2,914	SH		SOLE		2,604	0	310
Edison International	COM	281020107	589	7,396	SH		SOLE		7,296	0	100
EI du Pont de Nemours & Co	COM	263534109	785	9,768	SH		SOLE		1,870	0	7,898
Eldorado Gold Corp	COM	284902103	39	11,330	SH		SOLE		11,330	0	0
Eli Lilly & Co	COM	532457108	686	8,155	SH		SOLE		7,587	0	568
Emerson Electric Co	COM	291011104	474	7,913	SH		SOLE		5,896	0	2,017
Enterprise Prods Partners L P	COM	293792107	288	10,423	SH		SOLE		10,145	0	278
Entravision Communications Cor	CL A	29382r107	465	75,000	SH		SOLE		75,000	0	0
Equinix Inc	COM PAR $0.001	29444u700	400	1,000	SH		SOLE		1,000	0	0
Essent Group Ltd	COM	G3198u102	543	15,000	SH		SOLE		15,000	0	0
Exxon Mobil Corp	COM	30231g102	6,495	79,195	SH		SOLE		75,695	0	3,500
Facebook Inc	CL A	30303m102	4,531	31,895	SH		SOLE		28,124	0	3,771
Fastenal Co	COM	311900104	340	6,601	SH		SOLE		6,600	0	1
Fifth Street Finance Corp	COM	31678A103	69	15,000	SH		SOLE		15,000	0	0
First Trust Long/Short Equity	LNG/SHT EQUITY	33739p103	202	5,783	SH		SOLE		5,783	0	0
First Trust Senior Floating Ra	COM	33733u108	3,036	219,507	SH		SOLE		190,189	0	29,317
Fiserv Inc	COM	337738108	578	5,011	SH		SOLE		5,011	0	0
Flaherty and Crumrine Dynamic	SHS	33848w106	1,771	72,204	SH		SOLE		63,855	0	8,349
Gap Inc	COM	364760108	248	10,200	SH		SOLE		10,200	0	0
General Electric Co	COM	369604103	1,722	57,783	SH		SOLE		51,853	0	5,930
General Mills Inc	COM	370334104	367	6,225	SH		SOLE		6,225	0	0
Gilead Sciences Inc	COM	375558103	6,078	89,486	SH		SOLE		83,911	0	5,575
Gilead Sciences Inc	COM	375558103	1,962	28,880	SH		DFND	1	28,880	0	0
Glacier Bancorp Inc	COM	37637Q105	519	15,306	SH		SOLE		15,306	0	0
Gladstone Capital Corp	COM	376535100	121	12,701	SH		SOLE		12,701	0	0
GlaxoSmithKline PLC	SPONSORED ADR	37733W105	312	7,398	SH		SOLE		7,295	0	103
Global Net Lease, Inc.	COM	379378102	920	38,215	SH		SOLE		34,422	0	3,793
Goldman Sachs Group Inc	COM	38141G104	23,735	103,320	SH		SOLE		90,017	0	13,303
Gramercy Property Trust Inc	COM	385002100	33,332	1,267,382	SH		SOLE		1,062,659	0	204,723
Gramercy Property Trust Inc	COM	385002100	754	28,666	SH		DFND	1	28,666	0	0
Grubhub Inc	COM	400110102	499	15,178	SH		SOLE		15,000	0	178
Guggenheim S&P 500 Equal Weigh	GUG S&P500 EQ WT	78355w106	2,046	22,527	SH		SOLE		20,267	0	2,260
Guggenheim S&P 500 Pure Growth	GUG S&P500 PU GR	78355w403	386	4,304	SH		SOLE		4,304	0	0
Highland/iBoxx Senior Loan ETF	HI LD IBOXX SRLN	430101774	789	42,532	SH		SOLE		42,532	0	0
Home Depot Inc/The	COM	437076102	1,531	10,425	SH		SOLE		8,976	0	1,449
Honeywell International Inc	COM	438516106	312	2,500	SH		SOLE		2,500	0	0
Illumina Inc	COM	452327109	620	3,631	SH		SOLE		3,631	0	0
Intel Corp	COM	458140100	1,616	44,805	SH		SOLE		42,209	0	2,596
Intellipharmaceutics Internati	COM	458173101	686	274,592	SH		SOLE		274,592	0	0
International Business Machine	COM	459200101	929	5,336	SH		SOLE		5,236	0	100
Invesco Dynamic Credit Opportu	COM	46132r104	1,791	146,458	SH		SOLE		133,410	0	13,048
Invesco Quality Municipal Inco	COM	46133G107	1,165	93,724	SH		SOLE		78,414	0	15,310
Invesco Value Municipal Income	COM	46132p108	461	31,625	SH		SOLE		26,622	0	5,003
Invesco Van Kampen CA Value Mu	COM	46132h106	755	61,244	SH		SOLE		57,195	0	4,049
ishares Core MSCI EAFE ETF	CORE MSCI EAFE	46432f842	398	6,876	SH		SOLE		6,876	0	0
Ishares Core S&P Mcp Etf	CORE S&P MCP ETF	464287507	876	5,119	SH		SOLE		5,119	0	0
iShares Core S&P Total US Stoc	CORE S&P TTL STL	464287150	2,543	47,069	SH		SOLE		45,479	0	1,590
iShares Core U.S. Aggregate Bo	CORE US AGGBD ET	464287226	211	1,948	SH		SOLE		1,137	0	811
iShares DJ Select Dividend Ind	SELECT DIVID ETF	464287168	288	3,159	SH		SOLE		1,924	0	1,235
iShares iBonds Mar 2018 Corp	2018 CP TM ETF	46432faw7	271	10,566	SH		SOLE		10,566	0	0
iShares Iboxx $ Invest Grade C	IBOX INV CP ETF	464287242	409	3,468	SH		SOLE		2,755	0	713
iShares Iboxx High Yield Corpo	IBOX HI YD ETF	464288513	752	8,564	SH		SOLE		8,171	0	393
iShares MSCI Eafe Index Fund	MSCI EAFE ETF	464287465	513	8,232	SH		SOLE		7,383	0	849
iShares MSCI EAFE Minimum Vola	EAFE MIN VOL ETF	46429b689	394	5,963	SH		SOLE		5,963	0	0
iShares MSCI KLD 400 Social Id	MSCI KLD400 SOC	464288570	299	3,450	SH		SOLE		3,450	0	0
iShares Russell 1000 Growth In	RUS 1000 GRW ETF	464287614	297	2,607	SH		SOLE		2,607	0	0
iShares Russell 1000 Value Ind	RUS 1000 VAL ETF	464287598	331	2,881	SH		SOLE		2,881	0	0
iShares Russell 2000 Value Ind	RUS 2000 VAL ETF	464287630	1,504	12,730	SH		SOLE		12,730	0	0
iShares S&P 500 Index Fund	CORE S&P500 ETF	464287200	1,045	4,403	SH		SOLE		4,313	0	90
iShares S&P California Municip	CALIF MUN BD ETF	464288356	720	6,193	SH		SOLE		6,193	0	0
iShares S&P National Municipal	NATIONA MUN ETF	464288414	229	2,101	SH		SOLE		2,101	0	0
iShares S&P Small Cap 400 Inde	CORE S&P SCP ETF	464287804	225	3,256	SH		SOLE		3,256	0	0
Jacobs Engineering Group Inc	COM	469814107	216	3,900	SH		SOLE		3,900	0	0
Jamba Inc	COM NEW	47023a309	601	66,427	SH		SOLE		65,534	0	893
Jamba Inc	COM NEW	47023a309	983	108,650	SH		DFND	1	108,650	0	0
Johnson & Johnson	COM	478160104	31,763	255,023	SH		SOLE		225,747	0	29,277
JPMorgan Chase & Co	COM	46625H100	9,060	103,143	SH		SOLE		102,400	0	743
Kayne Anderson Energy Developm	COM	48660Q102	202	10,352	SH		SOLE		7,252	0	3,100
Kayne Anderson Mdstm Com	COM	48661e108	230	13,965	SH		SOLE		9,115	0	4,850
Kayne Anderson MLP Invt Co	COM	486606106	362	17,250	SH		SOLE		17,250	0	0
Kcap Finl Inc Com	COM	48668e101	49	12,000	SH		SOLE		12,000	0	0
Kimberly-Clark Corp	COM	494368103	575	4,367	SH		SOLE		4,247	0	120
Kimco Realty Corp	COM	49446R109	597	27,042	SH		SOLE		27,000	0	42
Kraft Heinz Co	COM	500754106	465	5,121	SH		SOLE		3,539	0	1,582
Lam Research Corp	COM	512807108	232	1,806	SH		SOLE		1,806	0	0
Las Vegas Sands Corp	COM	517834107	32,415	567,991	SH		SOLE		496,901	0	71,090
Las Vegas Sands Corp	COM	517834107	382	6,700	SH		DFND	1	6,700	0	0
Level 3 Communications Inc	COM NEW	52729n308	38,316	669,630	SH		SOLE		584,109	0	85,521
Level 3 Communications Inc	COM NEW	52729n308	3,689	64,475	SH		DFND	1	64,475	0	0
Liberty Global Inc	SHS CL A	g5480u104	633	17,651	SH		SOLE		17,369	0	282
Liberty Global Inc	SHS CL A	g5480u104	1,569	43,750	SH		DFND	1	43,750	0	0
Liberty Global LiLAC Group - C	LILAC SHS CL A	g5480u138	258	11,603	SH		DFND	1	11,603	0	0
Lions Gate Entertainment Class	CL A VTG	535919401	8	302	SH		SOLE		302	0	0
Lions Gate Entertainment Class	CL A VTG	535919401	3,077	115,835	SH		DFND	1	115,835	0	0
Lions Gate Entertainment Class	CL B NON VTG	535919500	703	28,823	SH		SOLE		28,366	0	457
Live Nation Entertainment Inc	COM	538034109	16,773	552,298	SH		SOLE		484,483	0	67,815
Live Nation Entertainment Inc	COM	538034109	2,532	83,370	SH		DFND	1	83,370	0	0
Lockheed Martin Corp	COM	539830109	652	2,437	SH		SOLE		1,974	0	463
Lowes Companies Inc	COM	548661107	657	7,995	SH		SOLE		7,968	0	27
Madison Square Garden Co/The	CL A	55825t103	313	1,569	SH		SOLE		84	0	1,485
Magellan Midstream Partners LP	COM UNIT RP LP	559080106	389	5,063	SH		SOLE		5,063	0	0
Mallinckrodt Inc/NY	SHS	g5785g107	16,938	380,034	SH		SOLE		0	0	380,034
Mastercard Inc	CL A	57636q104	324	2,882	SH		SOLE		2,881	0	1
McDonald's Corp	COM	580135101	1,014	7,827	SH		SOLE		7,626	0	201
Mead Johnson Nutrition Co	COM	582839106	1,429	16,047	SH		SOLE		14,136	0	1,911
Mead Johnson Nutrition Co	COM	582839106	1,110	12,465	SH		DFND	1	12,465	0	0
Medley Capital Corp.	COM	58503f106	77	10,000	SH		SOLE		10,000	0	0
Medtronic PLC	SHS	g5960l103	26,723	331,721	SH		SOLE		277,887	0	53,835
Merck & Co Inc	COM	58933Y105	30,209	475,431	SH		SOLE		416,679	0	58,751
MetLife Inc	COM	59156r108	291	5,516	SH		SOLE		3,863	0	1,653
MFS Multi-Market	SH BEN INT	552737108	3,232	528,117	SH		SOLE		480,207	0	47,910
Micron Technology Inc	COM	595112103	722	25,000	SH		SOLE		25,000	0	0
Microsoft Corp	COM	594918104	84,536	1,283,564	SH		SOLE		1,231,191	0	52,373
Miller Howard High Income Equi	COM SHS BEN IN	600379101	1,065	79,511	SH		SOLE		67,744	0	11,767
Molson Coors Brewing Co	CL B	60871R209	701	7,321	SH		SOLE		385	0	6,936
Mondelez International Inc	CL A	609207105	18,641	432,704	SH		SOLE		378,099	0	54,605
Monsanto Co	COM	61166w101	15,899	140,453	SH		SOLE		122,612	0	17,841
Monsanto Co	COM	61166w101	546	4,825	SH		DFND	1	4,825	0	0
Morgan Stanley	COM NEW	617446448	699	16,326	SH		SOLE		16,326	0	0
Motorola Solutions Inc	COM NEW	620076307	1,224	14,192	SH		SOLE		801	0	13,391
National Oilwell Varco Inc	COM	637071101	492	12,268	SH		SOLE		12,268	0	0
NetEase Inc	SPONSORED ADR	64110w102	1,610	5,668	SH		SOLE		5,668	0	0
Netflix Inc	COM	64110l106	802	5,429	SH		SOLE		5,427	0	2
Neuberger Berman Real Estate S	COM	64190a103	84	15,771	SH		SOLE		15,771	0	0
New America High Income Fund	COM NEW	641876800	2,874	304,782	SH		SOLE		268,842	0	35,940
New Oriental Education & Techn	SPON ADR	647581107	930	15,400	SH		SOLE		15,400	0	0
NextEra Energy Inc	COM	65339F101	283	2,203	SH		SOLE		2,161	0	42
Nielsen Holdings PLC	SHS EUR	g6518l108	12,246	296,443	SH		SOLE		255,077	0	41,366
NIKE Inc	CL B	654106103	745	13,372	SH		SOLE		2,545	0	10,827
Nordic American Tankers LTD	COM	g65773106	90	11,000	SH		SOLE		11,000	0	0
Nuveen Amt-Free Municipal Inco	COM	670657105	1,064	79,658	SH		SOLE		44,953	0	34,705
Nuveen Build America Bond Fund	COM	67074c103	3,597	172,120	SH		SOLE		162,093	0	10,028
Nuveen Build America Bond Fund	COM	67074c103	1,443	69,035	SH		DFND	1	69,035	0	0
Nuveen Build America Bond Oppo	COM	67074q102	251	11,591	SH		SOLE		11,591	0	0
Nuveen CA Muni Advantage Fd	COM	67066Y105	641	44,451	SH		SOLE		22,426	0	22,025
Nuveen CA Muni Value Fund	COM	67062C107	2,135	211,762	SH		SOLE		210,762	0	1,000
Nuveen Credit Strategies Incom	COM SHS	67073d102	8,316	956,958	SH		SOLE		852,876	0	104,082
Nuveen Credit Strategies Incom	COM SHS	67073d102	1,217	140,000	SH		DFND	1	140,000	0	0
Nuveen Dividend Advantage Muni	COM	67066V101	345	25,166	SH		SOLE		5,520	0	19,646
Nuveen Enhanced AMT-Free Muni	COM	67071l106	3,964	271,141	SH		SOLE		246,320	0	24,821
Nuveen Enhanced Municipal Cred	COM SH BEN INT	67070x101	4,402	305,924	SH		SOLE		280,845	0	25,079
Nuveen Floating Rate Income Op	COM SHS	6706EN100	301	25,652	SH		SOLE		25,096	0	556
Nuveen Preferred Income Opport	COM	67073b106	4,559	464,709	SH		SOLE		418,301	0	46,408
Nuveen Quality Preferred Incom	COM	67072C105	2,596	272,129	SH		SOLE		227,820	0	44,309
NVIDIA Corp	COM	67066g104	209	1,918	SH		SOLE		1,918	0	0
Oaktree Capital Group LLC	UNIT CL A	674001201	1,578	34,826	SH		SOLE		34,826	0	0
Oaktree Capital Group LLC	UNIT CL A	674001201	947	20,896	SH		DFND	1	20,896	0	0
Occidental Petroleum Corp	COM	674599105	12,077	190,606	SH		SOLE		167,694	0	22,911
ONEOK Inc	COM	682680103	513	9,252	SH		SOLE		9,215	0	37
Oracle Corp	COM	68389X105	31,781	712,429	SH		SOLE		621,352	0	91,077
PACCAR Inc	COM	693718108	269	4,000	SH		SOLE		4,000	0	0
Pacific Premier Bancorp Inc.	COM	69478x105	267	6,928	SH		SOLE		6,928	0	0
Packaging Corp of America	COM	695156109	298	3,250	SH		SOLE		3,250	0	0
Paycom Software Inc	COM	70432v102	575	10,000	SH		SOLE		10,000	0	0
PayPal Holdings Inc	COM	70450y103	511	11,878	SH		SOLE		10,451	0	1,427
PCM Fund Inc	COM	69323T101	6,539	644,286	SH		SOLE		602,225	0	42,060
PCM Fund Inc	COM	69323T101	477	46,950	SH		DFND	1	46,950	0	0
Penn West Petroleum Ltd	COM	707887105	78	46,000	SH		SOLE		46,000	0	0
PepsiCo Inc	COM	713448108	1,047	9,364	SH		SOLE		7,858	0	1,506
Pfizer Inc	COM	717081103	49,259	1,439,888	SH		SOLE		1,163,713	0	276,175
PG&E Corp	COM	69331c108	283	4,258	SH		SOLE		4,258	0	0
Philip Morris International In	COM	718172109	43,260	383,170	SH		SOLE		337,246	0	45,924
Phillips 66	COM	718546104	452	5,707	SH		SOLE		1,791	0	3,916
PICO Holdings Inc	COM NEW	693366205	4,260	304,315	SH		SOLE		229,587	0	74,728
PICO Holdings Inc	COM NEW	693366205	8,196	585,431	SH		DFND	1	585,431	0	0
Pimco Corporate Opportunity Fu	COM	72201b101	4,217	268,593	SH		SOLE		240,983	0	27,610
Pimco Corporate Opportunity Fu	COM	72201b101	540	34,400	SH		DFND	1	34,400	0	0
PIMCO Dynamic Credit Income Fu	COM SHS	72202d106	9,214	429,762	SH		SOLE		397,436	0	32,325
PIMCO Dynamic Credit Income Fu	COM SHS	72202d106	1,694	79,000	SH		DFND	1	79,000	0	0
PIMCO Dynamic Income Fund	SHS	72201y101	1,737	60,208	SH		SOLE		52,150	0	8,058
Pimco Enhanced Short Maturity	ENHAN SHRT MA AC	72201r833	36,255	356,661	SH		SOLE		323,900	0	32,761
Pimco Income Strategy Fund	COM	72201H108	834	74,721	SH		SOLE		38,566	0	36,155
Pimco Income Strategy Fund II	COM	72201j104	9,333	928,627	SH		SOLE		861,199	0	67,428
Pimco Municipal Income Fund II	COM	72200w106	464	36,851	SH		SOLE		36,851	0	0
Pimco Municipal Income Fund III	COM	72201a103	271	23,979	SH		SOLE		23,979	0	0
PIMCO Total Return ETF	TTL RTN ACTV ETF	72201r775	312	2,965	SH		SOLE		2,965	0	0
PNC Financial Services Group I	COM	693475105	329	2,737	SH		SOLE		2,629	0	108
Powershares Emerging Markets D	SOVEREIGN DEBT	73936T573	322	11,080	SH		SOLE		11,080	0	0
PowerShares S&P 500 High Divid	PWRSHS SP500 LOW	73937B654	810	20,000	SH		SOLE		20,000	0	0
PowerShares S&P MidCap Low Vol	S&P400 LOVL PT	73937B647	529	12,500	SH		SOLE		12,500	0	0
PowerShares S&P SmallCap Finan	S&P SMCP FIN P	73937B803	397	7,750	SH		SOLE		7,750	0	0
PPG Industries Inc	COM	693506107	21,761	207,092	SH		SOLE		174,779	0	32,313
Procter & Gamble Co	COM	742718109	1,362	15,163	SH		SOLE		14,251	0	912
Prospect Capital Corp	COM	74348T102	433	47,888	SH		SOLE		47,888	0	0
Prudential Financial Inc	COM	744320102	1,377	12,912	SH		SOLE		12,902	0	10
QTS Realty Trust Inc	COM CL A	74736a103	487	10,000	SH		SOLE		10,000	0	0
Qualcomm Inc	COM	747525103	15,437	269,214	SH		SOLE		230,853	0	38,360
Raytheon Co	COM NEW	755111507	347	2,275	SH		SOLE		677	0	1,598
Realty Income Corp	COM	756109104	572	9,611	SH		SOLE		8,527	0	1,084
Rent-A-Center Inc	COM	76009n100	1,207	136,043	SH		SOLE		136,043	0	0
Republic Services Inc	COM	760759100	21,468	341,792	SH		SOLE		290,256	0	51,536
Retail Opportunity Investments	COM	76131n101	25,720	1,223,010	SH		SOLE		1,076,618	0	146,392
Rexford Industrial Realty Inc	COM	76169c100	25,640	1,138,558	SH		SOLE		959,191	0	179,367
Reynolds American Inc	COM	761713106	256	4,064	SH		SOLE		4,064	0	0
RLI Corp	COM	749607107	243	4,051	SH		SOLE		4,051	0	0
Rockwell Automation Inc	COM	773903109	477	3,066	SH		SOLE		3,065	0	1
Rockwell Collins Inc	COM	774341101	442	4,551	SH		SOLE		4,551	0	0
Royal Dutch Shell Plc ADR	SPONS ADR A	780259206	233	4,421	SH		SOLE		4,421	0	0
Royce Micro Capital Trust Inc	COM	780915104	779	92,864	SH		SOLE		77,471	0	15,393
Schlumberger Ltd	COM	806857108	864	11,058	SH		SOLE		9,762	0	1,296
Schwab U.S. Large-Cap Value Fu	US LCAP VA ETF	808524409	214	4,310	SH		SOLE		4,310	0	0
Skyworks Solutions Inc	COM	83088m102	808	8,247	SH		SOLE		1,093	0	7,154
Snap Inc	CL A	83304a106	225	10,000	SH		SOLE		10,000	0	0
SPDR Gold Trust	GLD SHS	78463v107	680	5,730	SH		SOLE		5,730	0	0
Spdr S&P 500 Etf Tr Tr Unit	TR UNIT	78462F103	4,919	20,867	SH		SOLE		16,892	0	3,975
Special Opportunities Fund Inc	COM	84741t104	201	13,734	SH		DFND	1	13,734	0	0
Starbucks Corp	COM	855244109	8,538	146,227	SH		SOLE		142,034	0	4,193
Starwood Property Trust Inc	COM	85571b105	22,649	1,003,073	SH		SOLE		892,580	0	110,493
Store Capital Corp	COM	862121100	2,443	102,300	SH		SOLE		98,800	0	3,500
SVB Financial Group	COM	78486q101	465	2,500	SH		SOLE		2,500	0	0
Sysco Corp	COM	871829107	423	8,148	SH		SOLE		8,148	0	0
Tanzanian Royalty Exploration	COM	87600u104	51	117,371	SH		SOLE		117,371	0	0
TCW Strategic Income Fund Inc	COM	872340104	2,708	501,545	SH		SOLE		446,748	0	54,797
TCW Strategic Income Fund Inc	COM	872340104	164	30,357	SH		DFND	1	30,357	0	0
Templeton Emerging Markets Inc	COM	880192109	509	45,303	SH		SOLE		41,818	0	3,485
Templeton Emerging Markets Inc	COM	880192109	399	35,497	SH		DFND	1	35,497	0	0
Teva Pharmaceutical Industries	ADR	881624209	2,498	77,843	SH		SOLE		66,321	0	11,522
Teva Pharmaceutical Industries	ADR	881624209	619	19,286	SH		DFND	1	19,286	0	0
Ticc Capital Corp Com	COM	87244T109	185	25,126	SH		SOLE		25,126	0	0
Time Warner Inc	COM NEW	887317303	2,058	21,067	SH		SOLE		18,473	0	2,594
Toll Brothers Inc	COM	889478103	366	10,146	SH		SOLE		10,146	0	0
Tortoise Energy Infrastructure	COM	89147l100	336	9,622	SH		SOLE		7,572	0	2,050
Total SA	SPONSORED ADR	89151e109	249	4,938	SH		SOLE		2,438	0	2,500
Travelers Cos Inc/The	COM	89417e109	247	2,048	SH		SOLE		2,048	0	0
Trex Company Inc	COM	89531p105	694	10,000	SH		SOLE		10,000	0	0
Trivago NV ADR	SPON ADS A SHS	89686d105	521	40,000	SH		SOLE		40,000	0	0
Twenty First Centy Fox Cl A	CL A	90130a101	23,395	722,285	SH		SOLE		625,086	0	97,199
UCP Inc CL A	CL A	90265y106	667	65,740	SH		DFND	1	65,740	0	0
Ulta Salon Cosmetics & Fragran	COM	90384S303	1,008	3,535	SH		SOLE		3,535	0	0
Union Pacific Corp	COM	907818108	416	3,932	SH		SOLE		3,531	0	401
United Parcel Service Inc	CL B	911312106	34,358	320,205	SH		SOLE		272,563	0	47,643
United Technologies Corp	COM	913017109	307	2,733	SH		SOLE		1,832	0	901
UnitedHealth Group Inc	COM	91324P102	1,672	10,194	SH		SOLE		9,855	0	339
Vanguard Mid Cap ETF	MID CAP ETF	922908629	3,038	21,819	SH		SOLE		21,819	0	0
Vanguard REIT ETF	REIT ETF	922908553	1,517	18,371	SH		SOLE		16,352	0	2,019
Vanguard S&P 500 ETF	S&P 500 ETF SHS	922908363	4,293	19,841	SH		SOLE		19,841	0	0
Vanguard S&P Small-Cap 600 ETF	SMLLCP 600 IDX	921932828	1,568	12,480	SH		SOLE		12,480	0	0
Vanguard Short Term Corporate	SHTRM GVT BD ETF	92206c409	214	2,681	SH		SOLE		2,681	0	0
Vector Group Ltd	COM	92240m108	928	44,634	SH		SOLE		38,618	0	6,016
Vereit, Inc.	COM	92339v100	63,057	7,427,264	SH		SOLE		6,307,745	0	1,119,519
Vereit, Inc.	COM	92339v100	1,992	234,600	SH		DFND	1	234,600	0	0
Verizon Communications Inc	COM	92343v104	775	15,899	SH		SOLE		12,434	0	3,465
Visa Inc	COM CL A	92826C839	690	7,760	SH		SOLE		7,022	0	738
Walgreens Boots Alliance Inc	COM	931427108	1,747	21,037	SH		SOLE		9,159	0	11,878
Wal-Mart Stores Inc	COM	931142103	513	7,120	SH		SOLE		6,106	0	1,014
Walt Disney Co	COM DISNEY	254687106	18,686	164,794	SH		SOLE		142,730	0	22,064
Weibo Corp	SPONSORED ADR	948596101	522	10,000	SH		SOLE		10,000	0	0
Wells Fargo & Co	COM	949746101	31,437	564,803	SH		SOLE		495,190	0	69,613
Wells Fargo & Co New Perp Pfd	PERP PFD CNV A	949746804	2,675	2,159	SH		SOLE		2,019	0	140
Wells Fargo & Co New Perp Pfd	PERP PFD CNV A	949746804	1,121	905	SH		DFND	1	905	0	0
Wells Fargo Multi-Sector Incom	WF MLT SECTR INC	94987D101	3,337	250,339	SH		SOLE		220,666	0	29,673
Western Asset/Claymore US Trea	COM	95766r104	2,867	256,711	SH		SOLE		224,773	0	31,938
Weyerhaeuser Co	COM	962166104	309	9,100	SH		SOLE		7,000	0	2,100
WisdomTree Europe Hedged Equit	EUROPE HEDGED EQ	97717x701	212	3,370	SH		SOLE		3,370	0	0
Worthington Industries Inc	COM	981811102	452	10,017	SH		SOLE		10,017	0	0
Wynn Resorts Ltd	COM	983134107	4,269	37,252	SH		SOLE		37,207	0	45
Wynn Resorts Ltd	COM	983134107	1,383	12,065	SH		DFND	1	12,065	0	0
Zoetis Inc.	CL A	98978v103	361	6,761	SH		SOLE		474	0	6,287