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	1,068	4,864	SH		SOLE		4,831	0	33
Abbott Laboratories	COM	002824100	363	6,061	SH		SOLE		4,340	0	1,721
AbbVie Inc	COM	00287y109	897	9,475	SH		SOLE		6,915	0	2,560
Accenture PLC	SHS CLASS A	g1151c101	728	4,740	SH		SOLE		3,375	0	1,365
Activision Blizzard Inc	COM	00507v109	2,209	32,739	SH		SOLE		27,348	0	5,391
Alexandria Real Estate Equitie	COM	015271109	2,859	22,890	SH		SOLE		22,850	0	40
Alexandria Real Estate Equities Inc Pfd Series D 7	PFD CONV SER D	015271505	2,519	70,096	SH		SOLE		62,791	0	7,305
Alibaba Group Holding Inc	SPONSORED ADR	01609w102	7,755	42,254	SH		SOLE		41,592	0	662
Align Technology Inc	COM	016255101	272	1,082	SH		SOLE		1,062	0	20
Allergan PLC	SHS	g0177j108	2,969	17,645	SH		SOLE		16,271	0	1,374
Allianzgi Convertible & Income	COM	018825109	70	11,760	SH		SOLE		11,760	0	0
Alphabet Inc Class A	CAP STK CL A	02079k305	3,032	2,923	SH		SOLE		1,822	0	1,101
Alphabet Inc Class A	CAP STK CL A	02079k305	603	581	SH		DFND	1	581	0	0
Alphabet Inc Class C	CAP STK CK C	02079k107	43,682	42,336	SH		SOLE		37,670	0	4,666
Alphabet Inc Class C	CAP STK CK C	02079k107	3,339	3,236	SH		DFND	1	3,236	0	0
Altria Group Inc	COM	02209s103	29,509	473,507	SH		SOLE		423,445	0	50,062
Amazon.com Inc	COM	023135106	7,976	5,511	SH		SOLE		5,155	0	356
Amgen Inc	COM	031162100	797	4,678	SH		SOLE		3,673	0	1,005
Analog Devices Inc	COM	032654105	814	8,932	SH		SOLE		2,248	0	6,684
Anheuser-Busch InBev NV ADR	SPONSORED ADR	03524a108	19,815	180,237	SH		SOLE		160,511	0	19,727
Anheuser-Busch InBev NV ADR	SPONSORED ADR	03524a108	929	8,450	SH		DFND	1	8,450	0	0
Annaly Capital Management Inc	COM	035710409	209	20,054	SH		SOLE		19,954	0	100
Apple Inc	COM	037833100	11,306	67,385	SH		SOLE		55,124	0	12,261
Applied Materials Inc	COM	038222105	309	5,552	SH		SOLE		3,639	0	1,913
Aptiv PLC	SHS	g6095l109	766	9,018	SH		SOLE		2,237	0	6,781
Arista Networks Inc	COM	040413106	870	3,409	SH		SOLE		3,400	0	9
AT&T Inc	COM	00206r102	2,490	69,842	SH		SOLE		41,237	0	28,605
Atlassian Corp PLC Class A	CL A	g06242104	809	15,000	SH		SOLE		15,000	0	0
AutoZone Inc	COM	053332102	644	992	SH		SOLE		241	0	751
Ball Corp	COM	058498106	21,661	545,481	SH		SOLE		485,665	0	59,816
Bank of America Corp	COM	060505104	1,399	46,659	SH		SOLE		38,153	0	8,506
Bank of America Non-Cumulative	7.25%CNV PFD L	060505682	1,632	1,266	SH		SOLE		1,081	0	185
Bank of New York Mellon Co	COM	064058100	37,250	722,884	SH		SOLE		637,253	0	85,631
Baxter International Inc	COM	071813109	269	4,137	SH		SOLE		802	0	3,335
Berkshire Hathaway CL A	CL A	084670108	4,786	16	SH		SOLE		16	0	0
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	63,435	318,003	SH		SOLE		275,162	0	42,841
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	1,580	7,920	SH		DFND	1	7,920	0	0
BlackRock California Municipal	SH BEN INT	09248e102	206	15,834	SH		SOLE		15,834	0	0
BlackRock Core Bond Trust	SHS BEN INT	09249e101	2,570	196,158	SH		SOLE		185,848	0	10,310
BlackRock Credit Allocation In	COM	092508100	3,702	292,192	SH		SOLE		272,665	0	19,528
Blackrock Floating Rate Income	COM	09255x100	6,196	426,444	SH		SOLE		379,065	0	47,379
Blackrock Floating Rate Income	COM	091941104	180	12,908	SH		SOLE		12,908	0	0
BlackRock Inc Co	COM	09247X101	26,219	48,400	SH		SOLE		43,015	0	5,385
Blackrock Ltd Duration	COM SHS	09249w101	4,862	322,389	SH		SOLE		300,170	0	22,220
Blackrock Multi-Sector Income	COM	09258A107	3,042	181,168	SH		SOLE		166,162	0	15,006
Blackrock Muniholdings CA Insu	COM	09254l107	1,505	114,064	SH		SOLE		92,722	0	21,342
Blackrock Muniyield CA Insured	COM	09254n103	339	25,440	SH		SOLE		25,440	0	0
Blackrock Target Trm Tr	COM SHS BEN IN	09257p105	2,859	134,180	SH		SOLE		110,446	0	23,734
Blackrock Taxable Municipal Bo	SHS	09248x100	546	24,253	SH		SOLE		24,253	0	0
Blackrock Taxable Municipal Bo	SHS	09248x100	1,594	70,795	SH		DFND	1	70,795	0	0
Blackstone Group LP	COM UNIT LTD	09253u108	363	11,347	SH		SOLE		11,347	0	0
Boeing Co	COM	097023105	2,032	6,198	SH		SOLE		5,802	0	396
Bofi Holding Inc	COM	05566u108	1,945	48,000	SH		SOLE		48,000	0	0
Bristol Myers Squibb Co	COM	110122108	611	9,661	SH		SOLE		8,183	0	1,478
British American Tobacco PLC A	SPONSORED ADR	110448107	21,989	381,153	SH		SOLE		341,685	0	39,468
British American Tobacco PLC A	SPONSORED ADR	110448107	3,064	53,105	SH		DFND	1	53,105	0	0
Brookfield Asset Management In	CL A LTD VT SH	112585104	13,575	348,074	SH		SOLE		311,249	0	36,825
Brookfield Asset Management In	CL A LTD VT SH	112585104	644	16,520	SH		DFND	1	16,520	0	0
Brookfield Infrastructure Part	LP INT UNIT	g16252101	874	21,000	SH		SOLE		21,000	0	0
Brookfield Real Assets Income	SHS BEN INT	112830104	1,183	54,318	SH		SOLE		46,413	0	7,905
Brown Forman Corp Class B With	CL B	115637209	2,798	51,443	SH		SOLE		45,460	0	5,983
Buckeye Partners LP	UNIT LTD PARTN	118230101	561	15,000	SH		SOLE		15,000	0	0
Calamos Global Dynamic Income	COM	12811l107	90	10,000	SH		SOLE		10,000	0	0
Cardiovascular Systems Inc	COM	141619106	355	16,175	SH		SOLE		16,175	0	0
Caterpillar Inc	COM	149123101	267	1,812	SH		SOLE		1,420	0	392
CenturyLink Inc	COM	156700106	19,176	1,167,137	SH		SOLE		1,034,733	0	132,404
CenturyLink Inc	COM	156700106	3,902	237,482	SH		DFND	1	237,482	0	0
Charles Schwab Corp	COM	808513105	2,558	48,984	SH		SOLE		47,880	0	1,104
Chevron Corp	COM	166764100	2,667	23,382	SH		SOLE		20,944	0	2,438
China Lodging Group Ltd ADR	SPONSORED ADR	16949n109	527	4,000	SH		SOLE		4,000	0	0
Cigna Corp	COM	125509109	327	1,952	SH		SOLE		1,805	0	147
Cisco Systems Inc	COM	17275R102	3,981	92,807	SH		SOLE		44,906	0	47,901
Citigroup Inc	COM NEW	172967424	353	5,233	SH		SOLE		3,708	0	1,525
Coca-Cola Co	COM	191216100	3,857	88,807	SH		SOLE		33,917	0	54,890
Cohen & Steers Limited Duratio	COM	19248c105	2,003	78,503	SH		SOLE		69,865	0	8,638
Cohen & Steers Limited Duratio	COM	19248c105	1,106	43,335	SH		DFND	1	43,335	0	0
Colgate-Palmolive Co	COM	194162103	300	4,180	SH		SOLE		3,988	0	192
Collectors Universe Inc	COM NEW	19421r200	1,662	105,813	SH		SOLE		86,436	0	19,377
Collectors Universe Inc	COM NEW	19421r200	314	20,000	SH		DFND	1	20,000	0	0
Comcast Corp	CL A	20030n101	461	13,494	SH		SOLE		12,246	0	1,248
ConocoPhillips	COM	20825C104	548	9,243	SH		SOLE		2,600	0	6,643
Constellation Brands Inc	CL A	21036p108	234	1,025	SH		SOLE		1,000	0	25
Costco Wholesale Corp	COM	22160k105	1,161	6,161	SH		SOLE		5,482	0	679
CVS Health Corp	COM	126650100	522	8,384	SH		SOLE		6,920	0	1,464
CYS Investments Inc	COM	12673a108	168	25,000	SH		SOLE		25,000	0	0
Deere & Co	COM	244199105	330	2,122	SH		SOLE		2,091	0	31
Deutsche Municipal Income Trus	COM	25160c106	754	67,308	SH		SOLE		61,863	0	5,445
Diageo PLC ADR	SPON ADR NEW	25243Q205	23,652	174,658	SH		SOLE		153,613	0	21,044
Digital Realty Trust Inc	COM	253868103	346	3,280	SH		SOLE		3,022	0	258
Dominion Resources Inc/VA	COM	25746U109	444	6,580	SH		SOLE		6,550	0	30
Doubleline Income Solutions Cl	COM	258622109	765	38,107	SH		SOLE		36,682	0	1,425
Doubleline Income Solutions Cl	COM	258622109	1,021	50,842	SH		DFND	1	50,842	0	0
DowDuPont Inc	COM	26078j100	11,120	174,541	SH		SOLE		25,928	0	148,613
Dropbox Inc	CL A	26210c104	1,003	32,100	SH		SOLE		32,100	0	0
Duke Energy Corp	COM NEW	26441c204	265	3,423	SH		SOLE		611	0	2,812
DXC Technology Co	COM	23355l106	1,185	11,785	SH		SOLE		3,068	0	8,717
Eaton Vance California Municip	SH BEN INT	27826f101	1,120	98,539	SH		SOLE		86,077	0	12,462
Eaton Vance Limited Duration I	COM	27828h105	358	27,462	SH		SOLE		24,760	0	2,702
Eaton Vance Municipal Bond Fun	COM	27827X101	965	81,657	SH		SOLE		63,758	0	17,899
Eaton Vance Municipal Incm 202	SHS	27829U105	1,407	74,272	SH		SOLE		46,442	0	27,830
Eaton Vance National Muni	COM SHS	27829l105	1,353	65,475	SH		SOLE		51,066	0	14,409
Eaton Vance Risk-Managed Diver	COM	27829g106	140	15,600	SH		SOLE		14,600	0	1,000
eBay Inc	COM	278642103	1,322	32,861	SH		SOLE		10,703	0	22,158
Edison International	COM	281020107	1,054	16,555	SH		SOLE		16,349	0	206
Edwards Lifesciences Corp	COM	28176E108	238	1,704	SH		SOLE		325	0	1,379
Eldorado Gold Corp	COM	284902103	10	11,330	SH		SOLE		11,330	0	0
Electronic Arts Inc	COM	285512109	976	8,054	SH		SOLE		8,000	0	54
Eli Lilly & Co	COM	532457108	298	3,850	SH		SOLE		3,273	0	577
Ellie Mae Inc	COM	28849p100	324	3,527	SH		SOLE		3,527	0	0
Emerson Electric Co	COM	291011104	603	8,833	SH		SOLE		6,800	0	2,033
Entegris Inc	COM	29362u104	957	27,500	SH		SOLE		27,500	0	0
Enterprise Products Partners L	COM	293792107	461	18,817	SH		SOLE		18,817	0	0
Entravision Communications Cor	CL A	29382r107	587	125,000	SH		SOLE		125,000	0	0
Exxon Mobil Corp	COM	30231g102	4,759	63,781	SH		SOLE		57,548	0	6,233
Facebook Inc	CL A	30303m102	99,482	622,579	SH		SOLE		619,699	0	2,880
FedEx Corp	COM	31428x106	250	1,040	SH		SOLE		870	0	170
First Trust Long/Short Equity	LNG/SHT EQUITY	33739p103	225	5,783	SH		SOLE		5,783	0	0
First Trust Senior Floating Ra	COM	33733u108	4,327	327,095	SH		SOLE		302,686	0	24,409
Flaherty And Crumine/Claymore	COM	338478100	1,425	75,013	SH		SOLE		62,973	0	12,040
Flaherty And Crumine/Claymore	COM	338478100	980	51,590	SH		DFND	1	51,590	0	0
Flaherty and Crumrine Dynamic	SHS	33848w106	2,047	84,690	SH		SOLE		72,489	0	12,201
Gaming & Leisure Properties	COM	36467j108	19,530	583,510	SH		SOLE		583,439	0	71
Gap Inc	COM	364760108	324	10,381	SH		SOLE		10,200	0	181
General Dynamics Corp	COM	369550108	290	1,314	SH		SOLE		1,302	0	12
General Electric Co	COM	369604103	521	38,613	SH		SOLE		29,393	0	9,220
General Motors Co	COM	37045v100	653	17,965	SH		SOLE		16,687	0	1,278
Genius Brands International	COM PAR	37229T301	43	15,525	SH		DFND	1	15,525	0	0
Gilead Sciences Inc	COM	375558103	4,896	64,942	SH		SOLE		62,939	0	2,003
Glacier Bancorp Inc	COM	37637Q105	492	12,817	SH		SOLE		12,817	0	0
GlaxoSmithKline PLC	SPONSORED ADR	37733W105	454	11,608	SH		SOLE		5,476	0	6,132
Global Net Lease, Inc.	COM NEW	379378201	581	34,422	SH		SOLE		34,422	0	0
Goldman Sachs ActiveBeta Emerg	ACTIVEBETA EME	381430206	318	8,678	SH		SOLE		8,636	0	42
Goldman Sachs ActiveBeta Inter	ACTIVEBETA INT	381430107	812	27,227	SH		SOLE		26,953	0	274
Goldman Sachs Group Inc	COM	38141G104	28,759	114,186	SH		SOLE		101,919	0	12,267
Goldman Sachs MLP Income Oppor	COM SHS	38147w103	1,050	135,084	SH		SOLE		125,377	0	9,707
Gramercy Property Trust Inc	COM NEW	385002308	40,744	1,875,034	SH		SOLE		1,624,548	0	250,486
Gramercy Property Trust Inc	COM NEW	385002308	3,568	164,190	SH		DFND	1	164,190	0	0
Grubhub Inc	COM	400110102	1,347	13,278	SH		SOLE		13,100	0	178
Hain Celestial Group Inc/The	COM	405217100	401	12,500	SH		SOLE		12,500	0	0
Highland/iBoxx Senior Loan ETF	HI LD IBOXX SRLN	430101774	1,019	55,630	SH		SOLE		53,271	0	2,359
Home Depot Inc	COM	437076102	5,092	28,571	SH		SOLE		6,715	0	21,856
Honeywell International Inc	COM	438516106	467	3,233	SH		SOLE		3,047	0	186
Industrial Select Sector SPDR	SBI INT-INDS	81369y704	416	5,593	SH		SOLE		5,593	0	0
Intel Corp	COM	458140100	1,386	26,616	SH		SOLE		24,079	0	2,537
Intellipharmaceutics Internati	COM	458173101	6	10,000	SH		SOLE		10,000	0	0
International Business Machine	COM	459200101	1,038	6,765	SH		SOLE		5,849	0	916
Intuitive Surgical Inc	COM NEW	46120e602	935	2,264	SH		SOLE		2,250	0	14
Invesco Dynamic Credit Opportu	COM	46132r104	5,515	470,137	SH		SOLE		434,665	0	35,472
Invesco Municipal Opportunity	COM	46132c107	686	58,535	SH		SOLE		53,314	0	5,221
Invesco Quality Municipal Inco	COM	46133G107	1,281	107,681	SH		SOLE		92,354	0	15,327
Invesco Value Municipal Income	COM	46132p108	731	50,350	SH		SOLE		45,347	0	5,003
Invesco Van Kampen CA Value Mu	COM	46132h106	1,109	95,065	SH		SOLE		91,016	0	4,049
iShares Core MSCI EAFE ETF	CORE MSCI EAFE	46432f842	750	11,379	SH		SOLE		8,645	0	2,734
Ishares Core S&P Mcp Etf	CORE S&P MCP ETF	464287507	1,138	6,066	SH		SOLE		6,066	0	0
iShares Core S&P Total US Stoc	CORE S&P TTL STK	464287150	3,238	53,552	SH		SOLE		51,860	0	1,692
iShares DJ Select Dividend Ind	SELECT DIVID ETF	464287168	235	2,474	SH		SOLE		1,924	0	550
iShares Edge MSCI Multifactor	MULTIFACTOR USA	46434v282	3,019	95,831	SH		SOLE		94,989	0	842
iShares Floating Rate Bond Fun	FLTG RATE BD ETF	46429b655	321	6,306	SH		SOLE		5,874	0	432
iShares Iboxx $ Invest Grade C	IBOXX INV CP ETF	464287242	351	2,994	SH		SOLE		2,224	0	770
iShares Iboxx High Yield Corpo	IBOXX HI YD ETF	464288513	251	2,936	SH		SOLE		2,543	0	393
iShares MSCI Eafe Index Fund	MSCI EAFE ETF	464287465	456	6,543	SH		SOLE		5,694	0	849
iShares MSCI EAFE Minimum Vola	EAFE MIN VOL ETF	46429b689	439	5,963	SH		SOLE		5,963	0	0
iShares MSCI Emerging Markets	MSCI EMG MKT ETF	464287234	310	6,426	SH		SOLE		5,425	0	1,001
iShares MSCI Japan ETF	MSCI JPN ETF NEW	46434g822	434	7,146	SH		SOLE		7,146	0	0
iShares MSCI KLD 400 Social Id	MSCI KLD400 SOC	464288570	655	6,705	SH		SOLE		6,705	0	0
iShares MSCI Pacific Ex Japan	MSCI PAC JP ETF	464286665	615	13,231	SH		SOLE		13,231	0	0
iShares Russell 1000 Growth In	RUS 1000 GRW ETF	464287614	355	2,607	SH		SOLE		2,607	0	0
iShares Russell 1000 Value Ind	RUS 1000 VAL ETF	464287598	292	2,431	SH		SOLE		2,431	0	0
iShares Russell 2000 Growth In	RUS 2000 GRW ETF	464287648	294	1,541	SH		SOLE		1,231	0	310
iShares Russell 2000 Index Fun	RUSSELL 2000 ETF	464287655	248	1,634	SH		SOLE		1,380	0	254
iShares Russell 2000 Value Ind	RUS 2000 VAL ETF	464287630	1,358	11,144	SH		SOLE		11,144	0	0
iShares S&P 500 Index Fund	CORE S&P500 ETF	464287200	1,965	7,404	SH		SOLE		6,979	0	425
iShares S&P California Municip	CALIF MUN BD ETF	464288356	476	8,150	SH		SOLE		8,150	0	0
Jacobs Engineering Group Inc	COM	469814107	295	4,980	SH		SOLE		4,196	0	784
Jamba Inc	COM NEW	47023a309	1,695	197,538	SH		SOLE		171,049	0	26,489
Jamba Inc	COM NEW	47023a309	2,182	254,272	SH		DFND	1	254,272	0	0
JC Penney Inc	COM	708160106	38	12,700	SH		SOLE		12,700	0	0
Johnson & Johnson	COM	478160104	43,973	343,138	SH		SOLE		304,736	0	38,403
Johnson & Johnson	COM	478160104	500	3,900	SH		DFND	1	3,900	0	0
JPMorgan Chase & Co	COM	46625h100	12,056	109,626	SH		SOLE		106,156	0	3,470
Just Energy Group Inc Com	COM	48213w101	66	15,000	SH		SOLE		15,000	0	0
Kayne Anderson Energy Developm	COM	48660Q102	1,248	80,203	SH		SOLE		71,210	0	8,993
Kayne Anderson Mdstm Com	COM	48661e108	2,302	195,920	SH		SOLE		165,982	0	29,938
Kayne Anderson Mdstm Com	COM	48661e108	354	30,170	SH		DFND	1	30,170	0	0
Kayne Anderson MLP Investment	COM	486606106	1,197	72,658	SH		SOLE		66,955	0	5,704
KCAP Financial Inc	COM	48668e101	38	12,000	SH		SOLE		12,000	0	0
Kennametal Inc	COM	489170100	696	17,340	SH		SOLE		4,207	0	13,133
Kimberly-Clark Corp	COM	494368103	259	2,351	SH		SOLE		2,079	0	272
Kraft Heinz Co	COM	500754106	246	3,954	SH		SOLE		2,372	0	1,582
Lam Research Corp	COM	512807108	308	1,517	SH		SOLE		1,514	0	3
Las Vegas Sands Corp	COM	517834107	2,182	30,352	SH		SOLE		25,767	0	4,585
Liberty Global Inc	SHS CL A	g5480u104	741	23,675	SH		SOLE		23,332	0	343
Liberty Global Inc	SHS CL A	g5480u104	1,546	49,368	SH		DFND	1	49,368	0	0
Liberty Media Corp-Liberty For	COM SER A FRMLA	531229870	743	25,354	SH		SOLE		25,013	0	341
Liberty Media Corp-Liberty For	COM SER A FRMLA	531229870	3,021	103,137	SH		DFND	1	103,137	0	0
Lockheed Martin Corp	COM	539830109	729	2,158	SH		SOLE		1,646	0	512
Lowe's Companies Inc	COM	548661107	1,985	22,622	SH		SOLE		9,724	0	12,898
Macerich Co	COM	554382101	1,059	18,897	SH		SOLE		18,687	0	210
Magellan Midstream Partners LP	COM UNIT RP LP	559080106	300	5,139	SH		SOLE		5,139	0	0
Mallinckrodt Inc/NY	SHS	g5785g107	1,304	90,046	SH		SOLE		0	0	90,046
Martin Marietta Materials Inc	COM	573284106	17,717	85,464	SH		SOLE		75,839	0	9,625
Mastercard Inc	CL A	57636q104	361	2,061	SH		SOLE		1,496	0	565
McDonald's Corp	COM	580135101	1,275	8,151	SH		SOLE		8,015	0	136
McKesson Corp	COM	58155Q103	232	1,650	SH		SOLE		1,425	0	225
Medley Capital Corp	COM	58503f106	40	10,000	SH		SOLE		10,000	0	0
Medtronic PLC	SHS	g5960l103	29,428	366,835	SH		SOLE		304,684	0	62,151
Merck & Co Inc	COM	58933Y105	796	14,613	SH		SOLE		13,861	0	752
MFS Multi-Market	SH BEN INT	552737108	3,454	598,586	SH		SOLE		563,022	0	35,563
Micron Technology Inc	COM	595112103	3,392	65,064	SH		SOLE		64,950	0	114
Microsoft Corp	COM	594918104	117,838	1,291,094	SH		SOLE		1,243,706	0	47,388
Molson Coors Brewing Co	CL B	60871R209	1,651	21,920	SH		SOLE		5,375	0	16,545
Mondelez International Inc	CL A	609207105	20,263	485,566	SH		SOLE		433,605	0	51,961
Monsanto Co	COM	61166w101	231	1,981	SH		SOLE		1,781	0	200
Monsanto Co	COM	61166w101	1,952	16,725	SH		DFND	1	16,725	0	0
Motorola Solutions Inc	COM NEW	620076307	1,353	12,850	SH		SOLE		3,226	0	9,624
MYnd Analytics Inc	COM NEW	62857n202	19	16,000	SH		SOLE		16,000	0	0
National Oilwell Varco Inc	COM	637071101	393	10,678	SH		SOLE		10,658	0	20
Netflix Inc	COM	64110l106	5,132	17,376	SH		SOLE		17,220	0	156
Neuberger Berman Real Estate S	COM	64190a103	75	15,771	SH		SOLE		15,771	0	0
New America High Income Fund	COM NEW	641876800	4,000	459,756	SH		SOLE		419,622	0	40,134
New Oriental Education & Techn	SPON ADR	647581107	2,314	26,400	SH		SOLE		26,400	0	0
NextEra Energy Inc	COM	65339F101	430	2,631	SH		SOLE		2,351	0	280
Nextpoint Residential Trust	COM	65341d102	219	8,820	SH		SOLE		0	0	8,820
NIKE Inc	CL B	654106103	1,477	22,238	SH		SOLE		10,311	0	11,927
NIKE Inc	CL B	654106103	933	14,045	SH		DFND	1	14,045	0	0
Nuveen Amt-Free Municipal Inco	COM	670657105	1,912	147,093	SH		SOLE		106,015	0	41,078
Nuveen Build America Bond Fund	COM	67074c103	131	6,304	SH		SOLE		6,304	0	0
Nuveen Build America Bond Fund	COM	67074c103	1,521	73,149	SH		DFND	1	73,149	0	0
Nuveen CA Muni Value Fund	COM	67062C107	2,784	298,363	SH		SOLE		298,363	0	0
Nuveen California AMT-Free Qua	COM	670651108	144	10,633	SH		SOLE		10,633	0	0
Nuveen California Quality Muni	COM	67066y105	1,726	128,871	SH		SOLE		102,396	0	26,475
Nuveen Credit Strategies Incom	COM SHS	67073d102	7,392	931,017	SH		SOLE		876,173	0	54,844
Nuveen Credit Strategies Incom	COM SHS	67073d102	1,112	140,000	SH		DFND	1	140,000	0	0
Nuveen Enhanced AMT-Free Muni	COM	67071l106	389	26,836	SH		SOLE		26,836	0	0
Nuveen Enhanced Municipal Cred	COM SH BEN INT	67070x101	821	58,029	SH		SOLE		58,029	0	0
Nuveen Floating Rate Income Op	COM SHS	6706EN100	139	12,705	SH		SOLE		12,705	0	0
Nuveen Intermediate Duration Q	COM	670677103	146	11,628	SH		SOLE		11,628	0	0
Nuveen Preferred Income Opport	COM	67073b106	4,769	476,444	SH		SOLE		439,521	0	36,923
Nuveen Quality Municipal Incom	COM	67066v101	1,430	108,813	SH		SOLE		85,207	0	23,606
Nuveen Quality Preferred Incom	COM	67072C105	276	28,245	SH		SOLE		24,087	0	4,158
Nuveen Real Asset Income and G	COM	67074y105	3,375	208,089	SH		SOLE		192,574	0	15,514
NVIDIA Corp	COM	67066g104	4,685	20,231	SH		SOLE		19,838	0	393
Oaktree Capital Group LLC	UNIT CL A	674001201	2,454	61,970	SH		SOLE		61,970	0	0
Oaktree Capital Group LLC	UNIT CL A	674001201	827	20,896	SH		DFND	1	20,896	0	0
Oaktree Specialty Lending Corp	COM	67401p108	72	17,200	SH		SOLE		17,200	0	0
Occidental Petroleum Corp	COM	674599105	13,182	202,929	SH		SOLE		181,338	0	21,592
Oracle Corp	COM	68389X105	33,486	731,925	SH		SOLE		649,678	0	82,247
Orchid Island Capital Inc	COM	68571x103	88	12,000	SH		SOLE		12,000	0	0
Oxford Square Capital Corp	COM	69181v107	154	25,126	SH		SOLE		25,126	0	0
PACCAR Inc	COM	693718108	266	4,022	SH		SOLE		4,000	0	22
Pacific Mercantile Bancorp	COM	694552100	120	12,568	SH		SOLE		0	0	12,568
PayPal Holdings Inc	COM	70450y103	497	6,555	SH		SOLE		5,380	0	1,175
PCM Fund Inc	COM	69323T101	3,009	265,807	SH		SOLE		246,035	0	19,771
PCM Fund Inc	COM	69323T101	418	36,950	SH		DFND	1	36,950	0	0
PepsiCo Inc	COM	713448108	1,276	11,691	SH		SOLE		10,022	0	1,669
Pfizer Inc	COM	717081103	35,345	995,907	SH		SOLE		814,884	0	181,023
PG&E Corp	COM	69331c108	200	4,558	SH		SOLE		4,310	0	248
Philip Morris International In	COM	718172109	42,000	422,534	SH		SOLE		378,673	0	43,861
Phillips 66	COM	718546104	406	4,232	SH		SOLE		196	0	4,036
PICO Holdings Inc	COM NEW	693366205	3,770	329,228	SH		SOLE		265,429	0	63,799
PICO Holdings Inc	COM NEW	693366205	7,184	627,422	SH		DFND	1	627,422	0	0
PIMCO Active Bond ETF	ACTIVE BD ETF	72201r775	397	3,809	SH		SOLE		3,809	0	0
PIMCO Corporate Opportunity Fu	COM	72201b101	635	37,526	SH		SOLE		33,523	0	4,003
PIMCO Dynamic Credit Income Fu	COM SHS	72202d106	8,262	361,113	SH		SOLE		337,165	0	23,948
PIMCO Dynamic Credit Income Fu	COM SHS	72202d106	1,808	79,000	SH		DFND	1	79,000	0	0
PIMCO Dynamic Income Fund	SHS	72201y101	965	31,284	SH		SOLE		29,837	0	1,447
PIMCO Enhanced Short Maturity	ENHAN SHRT MA AC	72201r833	5,265	51,845	SH		SOLE		51,148	0	697
PIMCO Income Strategy Fund	COM	72201H108	355	30,346	SH		SOLE		28,996	0	1,350
PIMCO Income Strategy Fund II	COM	72201j104	6,737	645,885	SH		SOLE		610,507	0	35,378
PIMCO Municipal Income Fund II	COM	72200w106	465	36,851	SH		SOLE		36,851	0	0
PIMCO Municipal Income Fund II	COM	72201a103	273	23,979	SH		SOLE		23,979	0	0
Pinnacle Entertainment Inc	COM	72348y105	40,768	1,352,177	SH		SOLE		1,352,177	0	0
PNC Financial Services Group I	COM	693475105	376	2,484	SH		SOLE		2,156	0	328
Point Bridge GOP Stock Tracker	POINT BRIDGE GOP	26922A628	24,835	913,865	SH		SOLE		913,865	0	0
Powershares Emerging Markets D	SOVEREIGN DEBT	73936T573	303	10,752	SH		SOLE		10,752	0	0
PowerShares Variable Rate Inve	VAR RAT INV GR	73935b862	364	14,507	SH		SOLE		14,396	0	111
Procter & Gamble Co	COM	742718109	1,722	21,723	SH		SOLE		19,435	0	2,288
Prospect Capital Corp	COM	74348t102	353	53,947	SH		SOLE		53,947	0	0
Public Storage	COM	74460d109	440	2,195	SH		SOLE		2,174	0	21
QUALCOMM Inc	COM	747525103	13,742	248,011	SH		SOLE		227,587	0	20,423
QUALCOMM Inc	COM	747525103	360	6,500	SH		DFND	1	6,500	0	0
Raytheon Co	COM NEW	755111507	489	2,268	SH		SOLE		628	0	1,640
Realty Income Corp	COM	756109104	222	4,290	SH		SOLE		3,145	0	1,145
Red Hat Inc	COM	756577102	1,090	7,289	SH		SOLE		6,687	0	602
Rent-A-Center Inc	COM	76009n100	1,067	123,620	SH		SOLE		123,620	0	0
Republic Services Inc	COM	760759100	12,988	196,101	SH		SOLE		171,225	0	24,877
Retail Opportunity Investments	COM	76131n101	42,117	2,383,547	SH		SOLE		2,126,934	0	256,613
Retail Opportunity Investments	COM	76131n101	2,230	126,220	SH		DFND	1	126,220	0	0
Rexford Industrial Realty Inc	COM	76169C100	35,922	1,247,720	SH		SOLE		1,080,475	0	167,244
RingCentral Inc	CL A	76680r206	1,822	28,700	SH		SOLE		28,700	0	0
RLI Corp	COM	749607107	257	4,051	SH		SOLE		4,051	0	0
RLJ Lodging Trust Pfd 1.95 Co	CUM CONV PFD A	74965l200	943	37,169	SH		SOLE		30,616	0	6,553
RLJ Lodging Trust Pfd 1.95 Co	CUM CONV PFD A	74965l200	190	7,492	SH		DFND	1	7,492	0	0
Rockwell Automation Inc	COM	773903109	490	2,813	SH		SOLE		2,782	0	31
Rockwell Collins Inc	COM	774341101	562	4,169	SH		SOLE		4,132	0	37
Royal Dutch Shell PLC ADR	SPONS ADR A	780259206	346	5,417	SH		SOLE		5,239	0	178
Royce Micro Capital Trust Inc	COM	780915104	1,480	158,148	SH		SOLE		135,153	0	22,994
S&P Global Inc	COM	78409v104	238	1,244	SH		SOLE		259	0	985
Schlumberger Ltd	COM	806857108	24,423	377,020	SH		SOLE		328,667	0	48,353
Schwab US REIT - ETF	US REIT ETF	808524847	499	13,043	SH		SOLE		11,767	0	1,276
Scientific Games Corp	COM	80874p109	874	21,000	SH		SOLE		21,000	0	0
Sensient Technologies Corp	COM	81725t100	489	6,924	SH		SOLE		1,710	0	5,214
Service Now Inc	COM	81762p102	899	5,434	SH		SOLE		5,400	0	34
Skyworks Solutions Inc	COM	83088m102	1,195	11,915	SH		SOLE		4,061	0	7,854
Smart Global Holdings Inc	SHS	g8232y101	1,595	32,000	SH		SOLE		32,000	0	0
SPDR Gold Trust	GOLD SHS	78463v107	297	2,360	SH		SOLE		2,360	0	0
SPDR S&P 500 ETF Unit Trust	TR UNIT	78462f103	6,735	25,595	SH		SOLE		22,225	0	3,370
Square Inc	CL A	852234103	295	6,000	SH		SOLE		6,000	0	0
Starbucks Corp	COM	855244109	1,507	26,025	SH		SOLE		24,709	0	1,316
Starwood Property Trust Inc	COM	85571b105	30,132	1,438,266	SH		SOLE		1,295,443	0	142,823
Steel Dynamics Inc	COM	858119100	567	12,831	SH		SOLE		3,153	0	9,678
Sysco Corp	COM	871829107	342	5,699	SH		SOLE		5,532	0	167
TAL Education Group ADR	SPONSORED ADS	874080104	4,284	115,500	SH		SOLE		115,500	0	0
Tanzanian Royalty Exploration	COM	87600u104	45	117,371	SH		SOLE		117,371	0	0
Target Corp	COM	87612e106	210	3,020	SH		SOLE		2,908	0	112
TCW Strategic Income Fund Inc	COM	872340104	5,729	1,028,632	SH		SOLE		957,501	0	71,131
TCW Strategic Income Fund Inc	COM	872340104	221	39,710	SH		DFND	1	39,710	0	0
Telecom Italia SpA ADR	SPON ADR ORD	87927y102	279	29,194	SH		SOLE		28,795	0	399
Telecom Italia SpA ADR	SPON ADR ORD	87927y102	340	35,484	SH		DFND	1	35,484	0	0
The St Joe Co	COM	790148100	610	32,386	SH		SOLE		31,898	0	488
The St Joe Co	COM	790148100	1,805	95,760	SH		DFND	1	95,760	0	0
Time Warner Inc	COM NEW	887317303	2,179	23,036	SH		SOLE		19,528	0	3,508
Time Warner Inc	COM NEW	887317303	2,173	22,970	SH		DFND	1	22,970	0	0
Tortoise Energy Infrastructure	COM	89147l100	1,309	52,407	SH		SOLE		46,820	0	5,587
Travelers Cos Inc/The	COM	89417e109	234	1,682	SH		SOLE		1,665	0	17
Twenty-First Century Fox Inc	CL A	90130a200	23	642	SH		SOLE		642	0	0
Twenty-First Century Fox Inc	CL A	90130a200	414	11,375	SH		DFND	1	11,375	0	0
Twenty-First Century Fox Inc C	CL A	90130a101	28,896	787,570	SH		SOLE		699,598	0	87,972
Unilever PLC	SPON ADS	904767704	20,492	368,824	SH		SOLE		330,114	0	38,710
Union Pacific Corp	COM	907818108	522	3,882	SH		SOLE		3,368	0	514
United Parcel Service Inc	CL B	911312106	56,507	539,915	SH		SOLE		500,952	0	38,963
United Parcel Service Inc	CL B	911312106	588	5,620	SH		DFND	1	5,620	0	0
United Technologies Corp	COM	913017109	29,592	235,194	SH		SOLE		207,874	0	27,320
UnitedHealth Group Inc	COM	91324p102	2,657	12,416	SH		SOLE		11,987	0	429
Uranium Energy Corp	COM	916896103	25	19,000	SH		SOLE		19,000	0	0
US Bancorp	COM NEW	902973304	209	4,146	SH		SOLE		3,606	0	540
Vanguard Mid Cap ETF	MID CAP ETF	922908629	3,450	22,372	SH		SOLE		22,372	0	0
Vanguard REIT ETF	REAL ESTATE ETF	922908553	2,116	28,037	SH		SOLE		26,917	0	1,120
Vanguard S&P 500 ETF	S&P 500 ETF SHS	922908363	4,901	20,245	SH		SOLE		20,145	0	100
Vanguard S&P Small-Cap 600 ETF	SMLLCP 600 IDX	921932828	1,836	13,106	SH		SOLE		13,106	0	0
Vanguard Short Term Corporate	SHRT TRM CORP BD	92206c409	224	2,860	SH		SOLE		2,860	0	0
Vereit, Inc.	COM	92339v100	53,981	7,755,849	SH		SOLE		6,807,156	0	948,693
Vereit, Inc.	COM	92339v100	2,843	408,480	SH		DFND	1	408,480	0	0
Verizon Communications Inc	COM	92343v104	695	14,543	SH		SOLE		11,812	0	2,731
Visa Inc	COM CL A	92826C839	788	6,586	SH		SOLE		4,175	0	2,411
Wabtec Corp/DE	COM	929740108	656	8,056	SH		SOLE		2,004	0	6,052
Walgreens Boots Alliance Inc	COM	931427108	18,698	285,596	SH		SOLE		251,735	0	33,861
Walgreens Boots Alliance Inc	COM	931427108	2,810	42,920	SH		DFND	1	42,920	0	0
Wal-Mart Stores Inc	COM	931142103	569	6,394	SH		SOLE		5,462	0	932
Walt Disney Co	COM DISNEY	254687106	30,345	302,123	SH		SOLE		265,526	0	36,598
Weibo Corp	SPONSORED ADR	948596101	1,351	11,300	SH		SOLE		11,300	0	0
Wells Fargo & Co	COM	949746101	880	16,796	SH		SOLE		15,745	0	1,051
Wells Fargo & Co New Perp Pfd	PERP PFD CNV A	949746804	3,755	2,911	SH		SOLE		2,720	0	191
Wells Fargo & Co New Perp Pfd	PERP PFD CNV A	949746804	510	395	SH		DFND	1	395	0	0
Wells Fargo Multi-Sector Incom	COM	94987D101	2,960	226,838	SH		SOLE		210,662	0	16,175
Western Asset/Claymore US Trea	COM	95766r104	2,173	191,921	SH		SOLE		180,061	0	11,861
Woodward Inc	COM	980745103	456	6,361	SH		SOLE		6,360	0	1
Wynn Resorts Ltd	COM	983134107	1,633	8,954	SH		SOLE		8,942	0	12
YY Inc	ADS REPCOM CLA	98426t106	1,157	11,000	SH		SOLE		11,000	0	0