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	1,015	4,834	SH		SOLE		4,827	0	7
Abbott Laboratories	COM	002824100	541	10,148	SH		SOLE		4,740	0	5,408
AbbVie Inc	COM	00287y109	1,129	12,707	SH		SOLE		7,445	0	5,262
Accenture PLC	SHS CLASS A	g1151c101	681	5,044	SH		SOLE		3,774	0	1,270
Activision Blizzard Inc	COM	00507v109	1,364	21,137	SH		SOLE		20,406	0	731
Alaska Air Group	COM	011659109	229	3,000	SH		SOLE		2,000	0	1,000
Alexandria Real Est Pfd Conv Series D 7	PFD CONV SER D	015271505	2,314	64,718	SH		SOLE		58,879	0	5,839
Alexandria Real Estate Equitie	COM	015271109	2,688	22,590	SH		SOLE		22,550	0	40
Alibaba Group Holding Inc	SPONSORED ADR	01609w102	8,129	47,066	SH		SOLE		47,066	0	0
Allergan PLC	SHS	g0177j108	38,904	189,823	SH		SOLE		166,460	0	23,363
Allergan PLC	SHS	g0177j108	4,271	20,840	SH		DFND	1	20,840	0	0
Allergan plc, 5.50	PFD CONV SER A	g0177j116	4,818	6,530	SH		SOLE		5,754	0	776
Allergan plc, 5.50	PFD CONV SER A	g0177j116	885	1,200	SH		DFND	1	1,200	0	0
Allianzgi Convertible & Income	COM	018825109	73	11,760	SH		SOLE		11,760	0	0
Alphabet Inc Class A	CAP STK CL A	02079k305	4,101	4,212	SH		SOLE		2,683	0	1,529
Alphabet Inc Class A	CAP STK CL A	02079k305	566	581	SH		DFND	1	581	0	0
Alphabet Inc Class C	CAP STK CK C	02079k107	40,628	42,360	SH		SOLE		37,582	0	4,778
Alphabet Inc Class C	CAP STK CK C	02079k107	1,790	1,866	SH		DFND	1	1,866	0	0
Altria Group Inc	COM	02209s103	29,440	464,214	SH		SOLE		412,669	0	51,545
Amazon.com Inc	COM	023135106	7,349	7,644	SH		SOLE		7,369	0	275
Amgen Inc	COM	031162100	775	4,156	SH		SOLE		3,491	0	665
Anheuser-Busch InBev NV ADR	SPONSORED ADR	03524a108	19,316	161,911	SH		SOLE		144,613	0	17,298
Annaly Capital Management Inc	COM	035710409	223	18,324	SH		SOLE		18,324	0	0
Anthem Inc	COM	036752103	201	1,056	SH		SOLE		44	0	1,012
Apple Inc	COM	037833100	17,814	115,587	SH		SOLE		95,622	0	19,965
Armour Residential REIT Inc	COM NEW	042315507	202	7,500	SH		SOLE		7,500	0	0
AT&T Inc	COM	00206r102	1,741	44,440	SH		SOLE		36,989	0	7,451
AutoZone Inc	COM	053332102	633	1,063	SH		SOLE		190	0	873
Baidu Inc	SPON ADR REP A	056752108	1,040	4,200	SH		SOLE		4,200	0	0
Bank of America Corp	COM	060505104	1,135	44,796	SH		SOLE		36,835	0	7,961
Bank of America Non-Cumulative	7.25%CNV PFD L	060505682	1,509	1,159	SH		SOLE		1,006	0	153
Bank of America Non-Cumulative	7.25%CNV PFD L	060505682	397	305	SH		DFND	1	305	0	0
Bank of New York Mellon Co	COM	064058100	37,480	706,902	SH		SOLE		621,733	0	85,169
Baxter International Inc	COM	071813109	229	3,648	SH		SOLE		1,026	0	2,622
Berkshire Hathaway CL A	CL A	084670108	5,220	19	SH		SOLE		19	0	0
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	55,028	300,174	SH		SOLE		262,226	0	37,948
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	1,452	7,920	SH		DFND	1	7,920	0	0
BlackRock Core Bond Trust	SHS BEN INT	09249e101	2,421	172,219	SH		SOLE		164,447	0	7,772
BlackRock Credit Allocation In	COM	092508100	3,917	288,624	SH		SOLE		269,188	0	19,436
Blackrock Floating Rate Income	COM	09255x100	5,083	353,972	SH		SOLE		332,411	0	21,560
Blackrock Floating Rate Income	COM	091941104	182	12,908	SH		SOLE		12,908	0	0
BlackRock Inc Co	COM	09247X101	21,818	48,801	SH		SOLE		43,370	0	5,431
Blackrock Ltd Duration	COM SHS	09249w101	5,329	330,758	SH		SOLE		308,642	0	22,117
Blackrock Multi-Sector Income	COM	09258A107	3,049	163,031	SH		SOLE		150,237	0	12,794
Blackrock Muniholdings CA Insu	COM	09254l107	1,475	99,498	SH		SOLE		78,156	0	21,342
Blackrock Muniyield CA Insured	COM	09254n103	203	13,165	SH		SOLE		13,165	0	0
Blackrock Target Trm Tr	COM SHS BEN IN	09257p105	2,114	93,257	SH		SOLE		71,172	0	22,085
Blackrock Taxable Municipal Bo	SHS	09248x100	742	31,753	SH		SOLE		31,753	0	0
Blackrock Taxable Municipal Bo	SHS	09248x100	1,599	68,409	SH		DFND	1	68,409	0	0
Blackstone Group LP	COM UNIT LTD	09253u108	345	10,347	SH		SOLE		10,347	0	0
Boeing Co	COM	097023105	1,648	6,481	SH		SOLE		6,289	0	192
Bofi Holding Inc	COM	05566u108	1,367	48,000	SH		SOLE		48,000	0	0
Bristol Myers Squibb Co	COM	110122108	1,943	30,482	SH		SOLE		26,012	0	4,470
British American Tobacco PLC A	SPONSORED ADR	110448107	21,222	339,817	SH		SOLE		306,029	0	33,788
British American Tobacco PLC A	SPONSORED ADR	110448107	2,129	34,095	SH		DFND	1	34,095	0	0
Broadcom Ltd	SHS	y09827109	4,220	17,398	SH		SOLE		17,255	0	143
Brookfield Asset Management In	CL A LTD VT SH	112585104	422	10,221	SH		SOLE		10,129	0	92
Brookfield Asset Management In	CL A LTD VT SH	112585104	682	16,520	SH		DFND		16,520	0	0
Brookfield Real Assets Income	SHS BEN INT	112830104	377	15,850	SH		SOLE		15,850	0	0
Brown Forman Corp Class B With	CL B	115637209	2,300	42,355	SH		SOLE		38,108	0	4,247
Calamos Global Dynamic Income	COM	12811l107	90	10,000	SH		SOLE		10,000	0	0
Cardiovascular Systems Inc	COM	141619106	455	16,175	SH		SOLE		16,175	0	0
Carter's Inc	COM	146229109	715	7,242	SH		SOLE		1,016	0	6,226
Caterpillar Inc	COM	149123101	214	1,713	SH		SOLE		1,685	0	28
Celgene Corp	COM	151020104	3,672	25,181	SH		SOLE		24,853	0	328
CenturyLink Inc	COM	156700106	2,713	143,560	SH		SOLE		133,432	0	10,128
CenturyLink Inc	COM	156700106	1,159	61,340	SH		DFND	1	61,340	0	0
Charles Schwab Corp	COM	808513105	2,153	49,215	SH		SOLE		48,227	0	988
Chevron Corp	COM	166764100	2,582	21,977	SH		SOLE		21,090	0	887
Cigna Corp	COM	125509109	411	2,196	SH		SOLE		2,031	0	165
Cisco Systems Inc	COM	17275R102	3,209	95,434	SH		SOLE		48,711	0	46,723
Citi A Warrants Exp 01/04/19	*W EXP 01/04/201	172967226	2	18,985	SH		SOLE		18,985	0	0
Citigroup Inc	COM NEW	172967424	517	7,109	SH		SOLE		6,323	0	786
Coca Cola Inc	COM	191216100	2,307	51,248	SH		SOLE		21,598	0	29,650
Cohen & Steers Limited Duratio	COM	19248c105	2,153	80,366	SH		SOLE		72,072	0	8,294
Cohen & Steers Limited Duratio	COM	19248c105	1,120	41,819	SH		DFND	1	41,819	0	0
Colgate-Palmolive Co	COM	194162103	368	5,054	SH		SOLE		4,948	0	106
Comcast Corp	CL A	20030n101	813	21,130	SH		SOLE		20,292	0	838
ConocoPhillips	COM	20825C104	575	11,483	SH		SOLE		3,965	0	7,518
Contravir Pharmaceuticals Inc	COM	21234W103	5	10,000	SH		SOLE		10,000	0	0
Costco Wholesale Corp	COM	22160k105	1,200	7,303	SH		SOLE		6,599	0	704
Crown Holdings Inc	COM	228368106	1,192	19,965	SH		SOLE		3,551	0	16,414
CVS Health Corp	COM	126650100	666	8,189	SH		SOLE		6,075	0	2,114
CYS Investments Inc	COM	12673a108	216	25,000	SH		SOLE		25,000	0	0
Danaher Corp	COM	235851102	210	2,450	SH		SOLE		1,236	0	1,214
Deere & Co	COM	244199105	264	2,101	SH		SOLE		2,091	0	10
Delphi Automotive PLC	SHS	g27823106	427	4,335	SH		SOLE		774	0	3,561
Deutsche X Trackers MSCI Europ	DB XTR MSCI EUR	233051853	409	14,424	SH		SOLE		14,424	0	0
DHX Media Limited	SHS VAR VTG	252406608	220	51,928	SH		DFND	1	51,928	0	0
Diageo PLC ADR	SPON ADR NEW	25243Q205	22,793	172,507	SH		SOLE		151,705	0	20,802
Diageo PLC ADR	SPON ADR NEW	25243Q205	243	1,840	SH		DFND	1	1,840	0	0
Discover Financial Services	COM	254709108	1	20	SH		SOLE		0	0	20
Discover Financial Services	COM	254709108	693	10,750	SH		DFND	1	10,750	0	0
Dominion Resources Inc/VA	COM	25746U109	528	6,863	SH		SOLE		6,833	0	30
Doubleline Income Solutions Cl	COM	258622109	1,089	51,247	SH		SOLE		49,822	0	1,425
Doubleline Income Solutions Cl	COM	258622109	1,040	48,930	SH		DFND	1	48,930	0	0
Doubleline Opportunistic Credi	COM	258623107	699	29,078	SH		SOLE		28,038	0	1,040
DowDuPont Inc	COM	26078j100	15,608	225,456	SH		SOLE		51,717	0	173,739
Duke Energy Corp	COM NEW	26441c204	313	3,728	SH		SOLE		475	0	3,253
DXC Technology Co	COM	23355l106	1,097	12,779	SH		SOLE		2,397	0	10,382
Eaton Vance California Municip	SH BEN INT	27826f101	706	56,549	SH		SOLE		51,740	0	4,809
Eaton Vance Limited Duration I	COM	27828h105	244	17,394	SH		SOLE		14,692	0	2,702
Eaton Vance Municipal Bond Fun	COM	27827X101	1,031	81,319	SH		SOLE		63,420	0	17,899
Eaton Vance Municipal Incm 202	SHS	27829U105	1,522	74,343	SH		SOLE		46,513	0	27,830
Eaton Vance National Muni	COM SHS	27829l105	1,440	63,504	SH		SOLE		49,095	0	14,409
eBay Inc	COM	278642103	1,463	38,042	SH		SOLE		9,790	0	28,252
Edison International	COM	281020107	573	7,430	SH		SOLE		7,320	0	110
Eldorado Gold Corp	COM	284902103	25	11,330	SH		SOLE		11,330	0	0
Eli Lilly & Co	COM	532457108	456	5,330	SH		SOLE		4,343	0	987
Ellie Mae Inc	COM	28849p100	290	3,527	SH		SOLE		3,527	0	0
Emerson Electric Co	COM	291011104	617	9,819	SH		SOLE		7,796	0	2,023
Enterprise Products Partners L	COM	293792107	264	10,145	SH		SOLE		10,145	0	0
Entravision Communications Cor	CL A	29382r107	712	125,000	SH		SOLE		125,000	0	0
Essent Group Ltd	COM	G3198u102	202	5,000	SH		SOLE		5,000	0	0
Exxon Mobil Corp	COM	30231g102	6,328	77,193	SH		SOLE		73,201	0	3,992
Facebook Inc	CL A	30303m102	113,917	666,688	SH		SOLE		662,285	0	4,403
Fastenal Co	COM	311900104	286	6,273	SH		SOLE		6,253	0	20
Fifth Street Finance Corp	COM	31678a103	82	15,000	SH		SOLE		15,000	0	0
First Trust Long/Short Equity	LNG/SHT EQUITY	33739p103	215	5,783	SH		SOLE		5,783	0	0
First Trust Senior Floating Ra	COM	33733u108	4,593	340,501	SH		SOLE		316,199	0	24,302
Fiserv Inc	COM	337738108	646	5,011	SH		SOLE		5,011	0	0
Flaherty And Crumine/Claymore	COM	338478100	1,490	69,615	SH		SOLE		59,840	0	9,775
Flaherty And Crumine/Claymore	COM	338478100	267	12,500	SH		DFND	1	12,500	0	0
Flaherty and Crumrine Dynamic	SHS	33848w106	2,111	79,655	SH		SOLE		69,936	0	9,719
Gaming & Leisure Properties	COM	36467j108	9,282	251,619	SH		SOLE		251,619	0	0
Gap Inc	COM	364760108	348	11,778	SH		SOLE		11,700	0	78
General Dynamics Corp	COM	369550108	269	1,309	SH		SOLE		1,302	0	7
General Electric Co	COM	369604103	1,255	51,916	SH		SOLE		44,550	0	7,366
General Electric Co	COM	369604103	1,972	81,540	SH		DFND	1	81,540	0	0
General Mills Inc	COM	370334104	294	5,676	SH		SOLE		5,176	0	500
Genius Brands International	COM PAR	37229T301	64	15,525	SH		DFND	1	15,525	0	0
Gilead Sciences Inc	COM	375558103	7,644	94,348	SH		SOLE		87,538	0	6,810
Glacier Bancorp Inc	COM	37637Q105	528	13,995	SH		SOLE		13,995	0	0
GlaxoSmithKline PLC	SPONSORED ADR	37733W105	799	19,679	SH		SOLE		7,679	0	12,000
Global Net Lease, Inc.	COM	379378102	837	38,215	SH		SOLE		34,422	0	3,793
Goldman Sachs ActiveBeta Inter	ACTIVEBETA INT	381430107	841	28,993	SH		SOLE		28,993	0	0
Goldman Sachs Group Inc	COM	38141G104	26,506	111,749	SH		SOLE		99,137	0	12,612
Gramercy Property Trust Inc	COM	385002100	39,208	1,296,139	SH		SOLE		1,116,941	0	179,198
Gramercy Property Trust Inc	COM	385002100	666	22,000	SH		DFND	1	22,000	0	0
Grubhub Inc	COM	400110102	2,116	40,178	SH		SOLE		40,000	0	178
Guggenheim S&P 500 Equal Weigh	GUG S&P500 EQ WT	78355w106	1,675	17,530	SH		SOLE		16,410	0	1,120
Highland/iBoxx Senior Loan ETF	HI LD IBOXX SRLN	430101774	850	46,424	SH		SOLE		44,209	0	2,215
Home Depot Inc	COM	437076102	1,488	9,095	SH		SOLE		6,862	0	2,233
Honeywell International Inc	COM	438516106	517	3,646	SH		SOLE		3,395	0	251
Industrial Select Sector SPDR	SBI INT-INDS	81369y704	472	6,651	SH		SOLE		6,651	0	0
Intel Corp	COM	458140100	1,174	30,842	SH		SOLE		27,791	0	3,051
Intellipharmaceutics Internati	COM	458173101	589	594,953	SH		SOLE		594,953	0	0
International Business Machine	COM	459200101	924	6,370	SH		SOLE		6,005	0	365
Intuitive Surgical Inc	COM NEW	46120e602	1,068	1,021	SH		SOLE		1,020	0	1
Invesco Dynamic Credit Opportu	COM	46132r104	3,822	320,621	SH		SOLE		294,568	0	26,053
Invesco Quality Municipal Inco	COM	46133G107	1,487	116,195	SH		SOLE		100,868	0	15,327
Invesco Value Municipal Income	COM	46132p108	679	45,420	SH		SOLE		40,417	0	5,003
Invesco Van Kampen CA Value Mu	COM	46132h106	914	69,633	SH		SOLE		65,584	0	4,049
ishares Core MSCI EAFE ETF	CORE MSCI EAFE	46432f842	699	10,886	SH		SOLE		7,432	0	3,454
Ishares Core S&P Mcp Etf	CORE S&P MCP ETF	464287507	789	4,410	SH		SOLE		4,410	0	0
iShares Core S&P Total US Stoc	CORE S&P TTL STK	464287150	2,734	47,433	SH		SOLE		45,741	0	1,692
iShares Core U.S. Aggregate Bo	CORE US AGGBD ET	464287226	213	1,948	SH		SOLE		1,137	0	811
iShares DJ Select Dividend Ind	SELECT DIVID ETF	464287168	296	3,159	SH		SOLE		1,924	0	1,235
iShares Edge MSCI Multifactor	MULTIFACTOR USA	46434v282	1,715	57,300	SH		SOLE		57,300	0	0
iShares Floating Rate Bond Fun	FLTG RATE BD ETF	46429b655	307	6,026	SH		SOLE		5,626	0	400
iShares iBonds Mar 2018 Corp	IBONDS MAR18 ETF	46432faw7	271	10,566	SH		SOLE		10,566	0	0
iShares Iboxx $ Invest Grade C	IBOXX INV CP ETF	464287242	341	2,813	SH		SOLE		2,100	0	713
iShares MSCI Eafe Index Fund	MSCI EAFE ETF	464287465	473	6,911	SH		SOLE		6,062	0	849
iShares MSCI EAFE Minimum Vola	EAFE MIN VOL ETF	46429b689	459	6,463	SH		SOLE		6,463	0	0
iShares MSCI Japan ETF	MSCI JPN ETF NEW	46434g822	350	6,283	SH		SOLE		6,283	0	0
iShares MSCI KLD 400 Social Id	MSCI KLD400 SOC	464288570	371	3,994	SH		SOLE		3,994	0	0
iShares MSCI Pacific Ex Japan	MSCI PAC JP ETF	464286665	603	13,042	SH		SOLE		13,042	0	0
iShares Russell 1000 Growth In	RUS 1000 GRW ETF	464287614	326	2,607	SH		SOLE		2,607	0	0
iShares Russell 1000 Value Ind	RUS 1000 VAL ETF	464287598	341	2,881	SH		SOLE		2,881	0	0
iShares Russell 2000 Value Ind	RUS 2000 VAL ETF	464287630	1,580	12,730	SH		SOLE		12,730	0	0
iShares S&P 500 Index Fund	CORE S&P500 ETF	464287200	1,291	5,104	SH		SOLE		4,919	0	185
iShares S&P California Municip	CALIF MUN BD ETF	464288356	570	4,810	SH		SOLE		4,810	0	0
iShares S&P Small Cap 400 Inde	CORE S&P SCP ETF	464287804	247	3,330	SH		SOLE		3,330	0	0
Jacobs Engineering Group Inc	COM	469814107	271	4,658	SH		SOLE		4,114	0	544
Jamba Inc	COM NEW	47023a309	1,015	117,455	SH		SOLE		106,643	0	10,812
Jamba Inc	COM NEW	47023a309	1,513	175,062	SH		DFND	1	175,062	0	0
Johnson & Johnson	COM	478160104	33,496	257,639	SH		SOLE		228,343	0	29,296
JPMorgan Chase & Co	COM	46625h100	10,571	110,677	SH		SOLE		108,842	0	1,835
Kayne Anderson Energy Developm	COM	48660Q102	179	10,352	SH		SOLE		7,252	0	3,100
Kayne Anderson Mdstm Com	COM	48661e108	215	14,612	SH		SOLE		9,762	0	4,850
Kayne Anderson MLP Investment	COM	486606106	414	22,774	SH		SOLE		22,774	0	0
KCAP Financial Inc	COM	48668e101	44	12,000	SH		SOLE		12,000	0	0
Kellogg Co	COM	487836108	816	13,080	SH		SOLE		3,464	0	9,616
Kimberly-Clark Corp	COM	494368103	206	1,753	SH		SOLE		1,547	0	206
Kraft Heinz Co	COM	500754106	309	3,985	SH		SOLE		2,362	0	1,623
Lam Research Corp	COM	512807108	281	1,517	SH		SOLE		1,514	0	3
Las Vegas Sands Corp	COM	517834107	8,360	130,306	SH		SOLE		119,661	0	10,645
Level 3 Communications Inc	COM NEW	52729n308	47,037	882,656	SH		SOLE		774,849	0	107,807
Level 3 Communications Inc	COM NEW	52729n308	4,777	89,635	SH		DFND	1	89,635	0	0
Liberty Global Inc	SHS CL A	g5480u104	556	16,384	SH		SOLE		16,131	0	253
Liberty Global Inc	SHS CL A	g5480u104	918	27,075	SH		DFND	1	27,075	0	0
Lions Gate Entertainment Class	CL A VTG	535919401	2,785	83,248	SH		DFND	1	83,248	0	0
Lions Gate Entertainment Class	CL B NON VTG	535919500	569	17,909	SH		SOLE		17,675	0	234
Live Nation Entertainment Inc	COM	538034109	395	9,075	SH		SOLE		9,075	0	0
Lockheed Martin Corp	COM	539830109	646	2,083	SH		SOLE		1,614	0	469
Lowe's Companies Inc	COM	548661107	755	9,442	SH		SOLE		6,103	0	3,339
Macerich Co	COM	554382101	23,839	433,667	SH		SOLE		377,752	0	55,915
Madison Square Garden Co/The	CL A	55825t103	393	1,835	SH		SOLE		324	0	1,511
Magellan Midstream Partners LP	COM UNIT RP LP	559080106	360	5,063	SH		SOLE		5,063	0	0
Mallinckrodt Inc/NY	SHS	g5785g107	5,233	140,034	SH		SOLE		0	0	140,034
Martin Marietta Materials Inc	COM	573284106	15,150	73,463	SH		SOLE		64,264	0	9,199
McDonald's Corp	COM	580135101	1,339	8,543	SH		SOLE		8,461	0	82
McKesson Corp	COM	58155Q103	296	1,924	SH		SOLE		1,754	0	170
Medley Capital Corp	COM	58503f106	60	10,000	SH		SOLE		10,000	0	0
Medtronic PLC	SHS	g5960l103	27,280	350,772	SH		SOLE		293,668	0	57,104
Merck & Co Inc	COM	58933Y105	1,426	22,273	SH		SOLE		21,621	0	652
MFS Multi-Market	SH BEN INT	552737108	3,601	577,128	SH		SOLE		548,164	0	28,964
Micron Technology Inc	COM	595112103	985	25,032	SH		SOLE		25,000	0	32
Microsoft Corp	COM	594918104	96,494	1,295,397	SH		SOLE		1,247,060	0	48,337
Molson Coors Brewing Co	CL B	60871R209	1,657	20,302	SH		SOLE		3,580	0	16,722
Mondelez International Inc	CL A	609207105	18,900	464,838	SH		SOLE		414,071	0	50,767
Monsanto Co	COM	61166w101	4,221	35,230	SH		SOLE		30,788	0	4,442
Monsanto Co	COM	61166w101	1,665	13,895	SH		DFND	1	13,895	0	0
Motorola Solutions Inc	COM NEW	620076307	1,439	16,959	SH		SOLE		3,022	0	13,937
MYnd Analytics Inc	COM NEW	62857n202	61	16,000	SH		SOLE		16,000	0	0
National Oilwell Varco Inc	COM	637071101	381	10,658	SH		SOLE		10,658	0	0
NetEase Inc	SPONSORED ADR	64110w102	711	2,694	SH		SOLE		2,694	0	0
Netflix Inc	COM	64110l106	1,330	7,334	SH		SOLE		7,313	0	21
Neuberger Berman Real Estate S	COM	64190a103	88	15,771	SH		SOLE		15,771	0	0
New America High Income Fund	COM NEW	641876800	4,495	452,203	SH		SOLE		412,295	0	39,907
New Oriental Education & Techn	SPON ADR	647581107	4,801	54,400	SH		SOLE		54,400	0	0
NextEra Energy Inc	COM	65339F101	505	3,444	SH		SOLE		2,687	0	757
Nielsen Holdings PLC	SHS EUR	g6518l108	13,408	323,485	SH		SOLE		287,142	0	36,343
NIKE Inc	CL B	654106103	1,126	21,724	SH		SOLE		10,555	0	11,169
NIKE Inc	CL B	654106103	728	14,045	SH		DFND	1	14,045	0	0
Norfolk Southern Corp	COM	655844108	255	1,929	SH		SOLE		1,308	0	621
Novartis AG	SPONSORED ADR	66987V109	237	2,757	SH		SOLE		2,757	0	0
Nuveen Amt-Free Municipal Inco	COM	670657105	1,540	111,218	SH		SOLE		76,480	0	34,738
Nuveen Build America Bond Fund	COM	67074c103	286	13,304	SH		SOLE		13,304	0	0
Nuveen Build America Bond Fund	COM	67074c103	1,526	71,075	SH		DFND	1	71,075	0	0
Nuveen CA Muni Advantage Fd	COM	67066Y105	620	41,536	SH		SOLE		19,511	0	22,025
Nuveen CA Muni Value Fund	COM	67062C107	2,315	219,635	SH		SOLE		219,635	0	0
Nuveen Credit Strategies Incom	COM SHS	67073d102	8,988	1,058,630	SH		SOLE		959,603	0	99,027
Nuveen Credit Strategies Incom	COM SHS	67073d102	1,189	140,000	SH		DFND	1	140,000	0	0
Nuveen Enhanced AMT-Free Muni	COM	67071l106	530	34,454	SH		SOLE		34,454	0	0
Nuveen Enhanced Municipal Cred	COM SH BEN INT	67070x101	864	56,807	SH		SOLE		56,807	0	0
Nuveen Floating Rate Income Op	COM SHS	6706EN100	265	22,427	SH		SOLE		22,427	0	0
Nuveen Preferred Income Opport	COM	67073b106	5,113	483,699	SH		SOLE		448,408	0	35,291
Nuveen Quality Municipal Incom	COM	67066v101	915	64,465	SH		SOLE		44,819	0	19,646
Nuveen Quality Preferred Incom	COM	67072C105	291	27,930	SH		SOLE		23,772	0	4,158
Nuveen Real Asset Income and G	COM	67074y105	3,540	196,663	SH		SOLE		184,064	0	12,599
NVIDIA Corp	COM	67066g104	1,557	8,707	SH		SOLE		8,527	0	180
Oaktree Capital Group LLC	UNIT CL A	674001201	2,913	61,923	SH		SOLE		61,923	0	0
Oaktree Capital Group LLC	UNIT CL A	674001201	983	20,896	SH		DFND	1	20,896	0	0
Obsidian Energy Ltd	COM	674482104	48	46,000	SH		SOLE		46,000	0	0
Occidental Petroleum Corp	COM	674599105	12,614	196,450	SH		SOLE		174,872	0	21,578
Oracle Corp	COM	68389X105	36,594	756,864	SH		SOLE		674,093	0	82,771
PACCAR Inc	COM	693718108	290	4,013	SH		SOLE		4,000	0	13
Pacific Mercantile Bancorp	COM	694552100	115	12,568	SH		SOLE		0	0	12,568
Pandora Media Inc	COM	698354107	411	53,400	SH		DFND	1	53,400	0	0
PCM Fund Inc	COM	69323T101	4,006	344,133	SH		SOLE		324,362	0	19,771
PCM Fund Inc	COM	69323T101	430	36,950	SH		DFND	1	36,950	0	0
PepsiCo Inc	COM	713448108	1,368	12,274	SH		SOLE		10,371	0	1,903
Pfizer Inc	COM	717081103	35,187	985,632	SH		SOLE		802,279	0	183,354
PG&E Corp	COM	69331c108	293	4,302	SH		SOLE		4,290	0	12
Philip Morris International In	COM	718172109	43,912	395,566	SH		SOLE		352,737	0	42,829
Phillips 66	COM	718546104	397	4,330	SH		SOLE		346	0	3,984
PICO Holdings Inc	COM NEW	693366205	5,048	302,315	SH		SOLE		238,215	0	64,100
PICO Holdings Inc	COM NEW	693366205	9,777	585,431	SH		DFND	1	585,431	0	0
PIMCO Active Bond ETF	ACTIVE BD ETF	72201r775	430	4,024	SH		SOLE		4,024	0	0
Pimco Corporate Opportunity Fu	COM	72201b101	808	48,139	SH		SOLE		44,136	0	4,003
PIMCO Dynamic Credit Income Fu	COM SHS	72202d106	7,622	330,529	SH		SOLE		309,932	0	20,598
PIMCO Dynamic Credit Income Fu	COM SHS	72202d106	1,822	79,000	SH		DFND	1	79,000	0	0
PIMCO Dynamic Income Fund	SHS	72201y101	1,299	42,106	SH		SOLE		40,325	0	1,781
Pimco Enhanced Short Maturity	ENHAN SHRT MA AC	72201r833	9,129	89,680	SH		SOLE		84,264	0	5,416
Pimco Income Strategy Fund	COM	72201H108	368	30,346	SH		SOLE		28,996	0	1,350
Pimco Income Strategy Fund II	COM	72201j104	6,814	636,848	SH		SOLE		601,551	0	35,297
Pimco Municipal Income Fund II	COM	72200w106	485	36,851	SH		SOLE		36,851	0	0
Pimco Municipal Income Fund II	COM	72201a103	284	23,979	SH		SOLE		23,979	0	0
Pinnacle Entertainment Inc	COM	72348y105	30,168	1,415,688	SH		SOLE		1,415,688	0	0
PNC Financial Services Group I	COM	693475105	567	4,207	SH		SOLE		2,129	0	2,078
Point Bridge GOP Stock Tracker	POINT BRIDGE GOP	26922A628	18,901	723,865	SH		SOLE		723,865	0	0
Powershares Emerging Markets D	SOVEREIGN DEBT	73936T573	320	10,752	SH		SOLE		10,752	0	0
PowerShares QQQ Trust ETF	UNIT SER 1	73935a104	243	1,670	SH		SOLE		633	0	1,037
Powershares S&P 500 Buywrite P	S&P 500 BUYWRT	73936G308	214	9,641	SH		SOLE		9,641	0	0
PowerShares Variable Rate Inve	VAR RAT INV GR	73935b862	238	9,448	SH		SOLE		9,448	0	0
PPG Industries Inc	COM	693506107	23,470	215,996	SH		SOLE		186,787	0	29,209
Procter & Gamble Co	COM	742718109	1,823	20,035	SH		SOLE		18,269	0	1,766
Prospect Capital Corp	COM	74348t102	296	44,097	SH		SOLE		44,097	0	0
Public Storage	COM	74460d109	487	2,278	SH		SOLE		2,271	0	7
QUALCOMM Inc	COM	747525103	14,513	279,956	SH		SOLE		257,547	0	22,409
QUALCOMM Inc	COM	747525103	954	18,405	SH		DFND	1	18,405	0	0
Raytheon Co	COM NEW	755111507	417	2,234	SH		SOLE		628	0	1,606
Realty Income Corp	COM	756109104	244	4,262	SH		SOLE		3,145	0	1,117
Rent-A-Center Inc	COM	76009n100	529	46,070	SH		SOLE		46,070	0	0
Republic Services Inc	COM	760759100	13,455	203,673	SH		SOLE		177,679	0	25,994
Retail Opportunity Investments	COM	76131n101	34,426	1,810,930	SH		SOLE		1,608,311	0	202,619
Retail Opportunity Investments	COM	76131n101	874	45,965	SH		DFND	1	45,965	0	0
Rexford Industrial Realty Inc	COM	76169c100	34,465	1,204,231	SH		SOLE		1,040,272	0	163,959
RLI Corp	COM	749607107	232	4,051	SH		SOLE		4,051	0	0
Rockwell Automation Inc	COM	773903109	547	3,067	SH		SOLE		3,066	0	1
Rockwell Collins Inc	COM	774341101	590	4,512	SH		SOLE		4,500	0	12
Royal Dutch Shell PLC ADR	SPONS ADR A	780259206	303	5,002	SH		SOLE		5,002	0	0
Royce Micro Capital Trust Inc	COM	780915104	1,302	138,826	SH		SOLE		120,057	0	18,769
Schlumberger Ltd	COM	806857108	834	11,959	SH		SOLE		10,755	0	1,204
Service Now Inc	COM	81762p102	1,175	10,000	SH		SOLE		10,000	0	0
SINA Corp China	ORD	g81477104	573	5,000	SH		SOLE		5,000	0	0
Skyworks Solutions Inc	COM	83088m102	812	7,968	SH		SOLE		1,986	0	5,982
SPDR Gold Trust	GLD SHS	78463v107	717	5,896	SH		SOLE		5,896	0	0
SPDR S&P 500 ETF Unit Trust	TR UNIT	78462f103	4,877	19,414	SH		SOLE		17,643	0	1,772
Starbucks Corp	COM	855244109	1,310	24,394	SH		SOLE		20,077	0	4,317
Starwood Property Trust Inc	COM	85571b105	23,197	1,068,003	SH		SOLE		961,854	0	106,149
Sysco Corp	COM	871829107	310	5,740	SH		SOLE		5,740	0	0
Tanzanian Royalty Exploration	COM	87600u104	38	117,371	SH		SOLE		117,371	0	0
TCW Strategic Income Fund Inc	COM	872340104	5,774	995,547	SH		SOLE		924,819	0	70,728
TCW Strategic Income Fund Inc	COM	872340104	176	30,357	SH		DFND	1	30,357	0	0
Templeton Emerging Markets Inc	COM	880192109	85	7,380	SH		SOLE		3,895	0	3,485
Templeton Emerging Markets Inc	COM	880192109	415	35,885	SH		DFND	1	35,885	0	0
The St Joe Co	COM	790148100	248	13,166	SH		SOLE		12,972	0	194
The St Joe Co	COM	790148100	1,050	55,685	SH		DFND	1	55,685	0	0
TICC Capital Corp	COM	87244t109	172	25,126	SH		SOLE		25,126	0	0
Time Warner Inc	COM NEW	887317303	2,343	22,870	SH		SOLE		19,627	0	3,243
Tortoise Energy Infrastructure	COM	89147l100	321	11,079	SH		SOLE		9,029	0	2,050
Travelers Cos Inc/The	COM	89417e109	253	2,061	SH		SOLE		2,048	0	13
TripAdvisor Inc	COM	896945201	4	88	SH		SOLE		55	0	33
TripAdvisor Inc	COM	896945201	511	12,600	SH		DFND	1	12,600	0	0
Trivago NV ADR	SPON ADS A SHS	89686d105	108	10,000	SH		SOLE		10,000	0	0
Twenty First Centy Fox Cl A	CL A	90130a101	20,438	774,769	SH		SOLE		684,455	0	90,314
Union Pacific Corp	COM	907818108	476	4,104	SH		SOLE		3,681	0	423
United Parcel Service Inc	CL B	911312106	69,064	575,101	SH		SOLE		526,806	0	48,295
United Technologies Corp	COM	913017109	302	2,600	SH		SOLE		2,590	0	10
UnitedHealth Group Inc	COM	91324p102	2,294	11,714	SH		SOLE		11,367	0	347
Uranium Energy Corp	COM	916896103	26	19,000	SH		SOLE		19,000	0	0
US Bancorp	COM NEW	902973304	284	5,293	SH		SOLE		4,685	0	608
Vanguard Mid Cap ETF	MID CAP ETF	922908629	3,289	22,372	SH		SOLE		22,372	0	0
Vanguard REIT ETF	REIT ETF	922908553	1,798	21,639	SH		SOLE		19,672	0	1,967
Vanguard S&P 500 ETF	S&P 500 ETF SHS	922908363	4,611	19,980	SH		SOLE		19,980	0	0
Vanguard S&P Small-Cap 600 ETF	SMLLCP 600 IDX	921932828	1,777	13,106	SH		SOLE		13,106	0	0
Vanguard Short Term Corporate	SHRT TRM CORP BD	92206c409	209	2,606	SH		SOLE		2,606	0	0
Vanguard Total Stock Market ET	TOTAL STK MKT	922908769	427	3,296	SH		SOLE		1,096	0	2,200
Vereit, Inc.	COM	92339v100	66,170	7,981,885	SH		SOLE		6,944,732	0	1,037,153
Vereit, Inc.	COM	92339v100	2,134	257,465	SH		DFND	1	257,465	0	0
Verizon Communications Inc	COM	92343v104	598	12,084	SH		SOLE		8,272	0	3,812
Visa Inc	COM CL A	92826C839	690	6,555	SH		SOLE		4,364	0	2,191
Walgreens Boots Alliance Inc	COM	931427108	20,288	262,727	SH		SOLE		231,676	0	31,051
Walgreens Boots Alliance Inc	COM	931427108	1,594	20,645	SH		DFND	1	20,645	0	0
Wal-Mart Stores Inc	COM	931142103	355	4,540	SH		SOLE		3,809	0	731
Walt Disney Co	COM DISNEY	254687106	29,032	294,533	SH		SOLE		257,153	0	37,379
Wells Fargo & Co	COM	949746101	20,957	379,995	SH		SOLE		336,148	0	43,847
Wells Fargo & Co New Perp Pfd	PERP PFD CNV A	949746804	3,627	2,758	SH		SOLE		2,596	0	162
Wells Fargo & Co New Perp Pfd	PERP PFD CNV A	949746804	802	610	SH		DFND	1	610	0	0
Wells Fargo Multi-Sector Incom	WF MLT SECTR INC	94987D101	2,752	205,059	SH		SOLE		189,269	0	15,790
Western Asset/Claymore US Trea	COM	95766r104	1,997	177,033	SH		SOLE		166,116	0	10,917
WisdomTree Europe Hedged Equit	EUROPE HEDGED EQ	97717x701	212	3,280	SH		SOLE		3,280	0	0
Wynn Resorts Ltd	COM	983134107	3,194	21,445	SH		SOLE		21,442	0	3
YY Inc	ADS REPCOM CLA	98426t106	694	8,000	SH		SOLE		8,000	0	0