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	588	3,333	SH		SOLE		3,295	0	38
Abbott Laboratories	COM	002824100	690	7,948	SH		SOLE		4,317	0	3,631
AbbVie Inc	COM	00287y109	546	6,164	SH		SOLE		3,991	0	2,173
Aberdeen Asia Pacific Income F	COM	003009107	103	24,213	SH		SOLE		24,213	0	0
Accenture PLC	SHS CLASS A	g1151c101	572	2,715	SH		SOLE		1,395	0	1,320
Activision Blizzard Inc	COM	00507v109	417	7,018	SH		SOLE		2,398	0	4,620
Adobe Systems Inc	COM	00724f101	201	610	SH		SOLE		449	0	161
AK Steel Holding Corp	COM	001547108	43	13,000	SH		SOLE		13,000	0	0
Alerian MLP ETF	ALERIAN MLP	00162q866	2,354	276,921	SH		SOLE		249,335	0	27,586
Alexandria Real Estate Equitie	COM	015271109	5,684	35,178	SH		SOLE		33,470	0	1,708
Alibaba Group Holding Inc	SPONSORED ADS	01609w102	1,441	6,792	SH		SOLE		4,136	0	2,656
Align Technology Inc	COM	016255101	9,061	32,471	SH		SOLE		28,964	0	3,507
Allergan PLC	SHS	g0177j108	837	4,378	SH		SOLE		4,283	0	95
Alphabet Inc Class A	CAP STK CL A	02079k305	4,373	3,265	SH		SOLE		1,640	0	1,625
Alphabet Inc Class A	CAP STK CL A	02079k305	778	581	SH		DFND	1	581	0	0
Alphabet Inc Class C	CAP STK CL C	02079k107	85,083	63,636	SH		SOLE		57,416	0	6,220
Alphabet Inc Class C	CAP STK CL C	02079k107	2,542	1,901	SH		DFND	1	1,901	0	0
Altria Group Inc	COM	02209s103	486	9,732	SH		SOLE		8,892	0	840
Amazon.com Inc	COM	023135106	43,387	23,480	SH		SOLE		20,754	0	2,726
Amazon.com Inc	COM	023135106	1,432	775	SH		DFND	1	775	0	0
American Express Co	COM	025816109	353	2,832	SH		SOLE		1,817	0	1,015
American Finance Trust Inc - Cl A	COM CLASS A	02607t109	633	47,761	SH		SOLE		34,403	0	13,358
American Water Works Co Inc	COM	030420103	346	2,813	SH		SOLE		158	0	2,655
AmerisourceBergen Corp	COM	03073e105	12,274	144,363	SH		SOLE		131,899	0	12,464
Amgen Inc	COM	031162100	1,636	6,787	SH		SOLE		5,331	0	1,456
AMREP Corp	COM	032159105	574	95,998	SH		SOLE		94,394	0	1,604
AMREP Corp	COM	032159105	551	92,126	SH		DFND	1	92,126	0	0
Analog Devices Inc	COM	032654105	1,583	13,322	SH		SOLE		2,909	0	10,413
Anheuser-Busch InBev NV ADR	SPONSORED ADR	03524a108	12,015	146,452	SH		SOLE		131,359	0	15,093
Annaly Capital Management Inc	COM	035710409	290	30,755	SH		SOLE		30,710	0	45
Anthem Inc	COM	036752103	12,140	40,193	SH		SOLE		36,322	0	3,872
Apple Inc	COM	037833100	19,881	67,703	SH		SOLE		53,711	0	13,991
Applied Materials Inc	COM	038222105	213	3,487	SH		SOLE		2,500	0	987
Aptiv PLC	SHS	g6095l109	653	6,873	SH		SOLE		1,631	0	5,242
Armstrong World Industries Inc	COM	04247x102	1,531	16,295	SH		SOLE		3,575	0	12,720
AT&T Inc	COM	00206r102	2,040	52,195	SH		SOLE		48,074	0	4,121
Axos Financial Inc	COM	05465c100	1,302	43,000	SH		SOLE		43,000	0	0
Baidu Inc	SPON ADR REP A	056752108	2,939	23,253	SH		SOLE		21,038	0	2,215
Ball Corp	COM	058498106	14,164	219,014	SH		SOLE		196,907	0	22,108
Bank of America Corp	COM	060505104	1,591	45,187	SH		SOLE		42,445	0	2,742
Bank of America Non-Cumulative	7.25%CNV PFD L	060505682	1,405	969	SH		SOLE		821	0	148
Bank of New York Mellon Co	COM	064058100	851	16,916	SH		SOLE		12,351	0	4,565
Baxter International Inc	COM	071813109	2,477	29,621	SH		SOLE		6,581	0	23,040
Berkshire Hathaway CL A	CL A	084670108	4,754	14	SH		SOLE		14	0	0
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	61,042	269,500	SH		SOLE		242,405	0	27,095
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	3,821	16,870	SH		DFND	1	16,870	0	0
BlackRock California Municipal	SH BEN INT	09248e102	3,103	228,819	SH		SOLE		214,716	0	14,103
BlackRock Core Bond Trust	SHS BEN INT	09249e101	4,181	286,793	SH		SOLE		272,644	0	14,148
BlackRock Credit Allocation In	COM	092508100	3,923	280,617	SH		SOLE		267,595	0	13,022
BlackRock Floating Rate Income	COM	09255x100	2,795	207,997	SH		SOLE		202,865	0	5,132
BlackRock Inc	COM	09247x101	18,493	36,788	SH		SOLE		33,265	0	3,523
Blackrock Income Trust	COM	09247F100	98	16,229	SH		SOLE		16,229	0	0
BlackRock Limited Duration Inc	COM SHS	09249w101	2,516	153,488	SH		SOLE		144,704	0	8,783
BlackRock Multi-Sector Income	COM	09258a107	1,350	83,521	SH		SOLE		78,736	0	4,785
BlackRock Municipal 2020 Term	COM SHS	09249x109	191	12,800	SH		SOLE		12,800	0	0
BlackRock Municipal 2030 Targe	COM SHS BEN IN	09257p105	2,994	123,776	SH		SOLE		101,313	0	22,463
BlackRock MuniHoldings Califor	COM	09254l107	4,472	319,643	SH		SOLE		278,622	0	41,021
BlackRock MuniHoldings Investm	COM	09254p108	172	12,946	SH		SOLE		12,946	0	0
BlackRock MuniHoldings Investm	COM	09254p108	385	28,961	SH		DFND	1	28,961	0	0
BlackRock MuniYield California	COM	09254m105	2,559	181,267	SH		SOLE		167,672	0	13,595
BlackRock MuniYield California	COM	09254n103	2,823	198,661	SH		SOLE		185,151	0	13,510
BlackRock Taxable Municipal Bo	SHS	09248x100	4,638	190,532	SH		SOLE		181,558	0	8,974
BlackRock Taxable Municipal Bo	SHS	09248x100	1,965	80,713	SH		DFND	1	80,713	0	0
Bloom Energy Corp	COM CL A	093712107	662	88,682	SH		SOLE		76,182	0	12,500
Boeing Co	COM	097023105	2,241	6,879	SH		SOLE		6,133	0	746
Booking Holdings Inc	COM	09857l108	18,757	9,133	SH		SOLE		8,257	0	876
BP PLC	SPONSORED ADR	055622104	226	5,994	SH		SOLE		5,664	0	330
Bristol Myers Squibb Co	COM	110122108	369	5,753	SH		SOLE		1,506	0	4,247
British American Tobacco PLC A	SPONSORED ADR	110448107	204	4,812	SH		SOLE		4,635	0	177
British American Tobacco PLC A	SPONSORED ADR	110448107	465	10,950	SH		DFND	1	10,950	0	0
Broadcom Inc	COM	11135f101	2,096	6,634	SH		SOLE		6,156	0	478
Brookfield Asset Management In	CL A LTD VT SH	112585104	14,915	258,042	SH		SOLE		232,669	0	25,373
Brookfield Asset Management In	CL A LTD VT SH	112585104	1,450	25,079	SH		DFND	1	25,079	0	0
Brookfield Infrastructure Part	LP INT UNIT	g16252101	1,125	22,500	SH		SOLE		22,500	0	0
Brookfield Property REIT Inc	CL A	11282x103	784	42,507	SH		SOLE		33,201	0	9,306
Brookfield Property REIT Inc	CL A	11282x103	813	44,100	SH		DFND	1	44,100	0	0
Brookfield Real Assets Income	SHS BEN INT	112830104	856	40,096	SH		SOLE		32,947	0	7,148
Brown Forman Corp Class B With	CL B	115637209	2,236	33,070	SH		SOLE		30,505	0	2,565
Brown-Forman Corp Class A Shar	CL A	115637100	379	6,034	SH		SOLE		6,034	0	0
Brunswick Corp/DE	COM	117043109	550	9,163	SH		SOLE		2,039	0	7,124
Calamos Global Dynamic Income	COM	12811l107	87	10,000	SH		SOLE		10,000	0	0
Caledonia Mining Corp PLC	SHS NEW	g1757e113	162	19,200	SH		SOLE		0	0	19,200
Cameco Corp	COM	13321l108	5	596	SH		SOLE		0	0	596
Cameco Corp	COM	13321l108	151	17,000	SH		DFND	1	17,000	0	0
Canadian National Railway Co	COM	136375102	1,964	21,718	SH		SOLE		140	0	21,578
Canadian Natural Resources Ltd	COM	136385101	812	25,096	SH		SOLE		25,000	0	96
Cardiovascular Systems Inc	COM	141619106	318	6,550	SH		SOLE		6,550	0	0
CarMax Inc	COM	143130102	6,003	68,478	SH		SOLE		60,524	0	7,954
Caterpillar Inc	COM	149123101	259	1,753	SH		SOLE		1,700	0	53
CenturyLink Inc	COM	156700106	6,886	521,274	SH		SOLE		476,706	0	44,567
CenturyLink Inc	COM	156700106	3,823	289,379	SH		DFND	1	289,379	0	0
Charles Schwab Corp	COM	808513105	2,133	44,856	SH		SOLE		44,794	0	62
Chevron Corp	COM	166764100	5,883	48,819	SH		SOLE		23,722	0	25,097
Cigna Corp	COM	125523100	435	2,127	SH		SOLE		1,731	0	396
CIM Commercial Trust Corp	COM NEW	125525584	131	9,039	SH		SOLE		8,933	0	106
CIM Commercial Trust Corp	COM NEW	125525584	520	35,838	SH		DFND	1	35,838	0	0
Cisco Systems Inc	COM	17275R102	3,077	64,161	SH		SOLE		37,201	0	26,960
Citigroup Inc	COM NEW	172967424	543	6,802	SH		SOLE		4,464	0	2,338
CME Group Inc/IL	COM	12572q105	232	1,157	SH		SOLE		196	0	961
Coca-Cola Co	COM	191216100	3,299	59,607	SH		SOLE		24,898	0	34,709
Cohen & Steers Limited Duratio	COM	19248c105	1,708	65,149	SH		SOLE		54,514	0	10,635
Cohen & Steers Limited Duratio	COM	19248c105	3	103	SH		DFND	1	103	0	0
Comcast Corp	CL A	20030n101	644	14,327	SH		SOLE		9,860	0	4,467
Consolidated Tomoka Land Co	COM	210226106	46	770	SH		SOLE		770	0	0
Consolidated Tomoka Land Co	COM	210226106	1,192	19,753	SH		DFND	1	19,753	0	0
Consumer Staples Select Sector	SBI CONS STPLS	81369y308	294	4,672	SH		SOLE		3,972	0	700
Corteva Inc	COM	22052l104	1,581	53,472	SH		SOLE		8,762	0	44,710
Costco Wholesale Corp	COM	22160k105	2,343	7,972	SH		SOLE		7,014	0	958
Crown Castle International Cor	COM	22822v101	324	2,280	SH		SOLE		974	0	1,306
CVS Health Corp	COM	126650100	610	8,216	SH		SOLE		7,307	0	909
CVS Health Corp	COM	126650100	188	2,534	SH		DFND	1	2,534	0	0
Danaher Corp	COM	235851102	257	1,673	SH		SOLE		1,455	0	218
Diageo PLC ADR	SPON ADR NEW	25243q205	2,588	15,369	SH		SOLE		13,074	0	2,295
DocuSign Inc	COM	256163106	278	3,747	SH		SOLE		2,106	0	1,641
Dominion Energy Inc	COM	25746u109	566	6,830	SH		SOLE		6,673	0	157
Doubleline Income Solutions Cl	COM	258622109	596	30,152	SH		SOLE		18,727	0	11,425
Doubleline Income Solutions Cl	COM	258622109	506	25,630	SH		DFND	1	25,630	0	0
Doubleline Opportunistic Credi	COM	258623107	1,437	69,623	SH		SOLE		68,420	0	1,203
Doubleline Opportunistic Credi	COM	258623107	1,916	92,835	SH		DFND	1	92,835	0	0
DoubleLine Total Return Tactic	SPDR TR TACTIC	78467v848	3,342	68,223	SH		SOLE		68,223	0	0
Dow Inc	COM	260557103	2,853	52,134	SH		SOLE		10,001	0	42,133
DuPont de Nemours Inc	COM	26614n102	16,958	264,136	SH		SOLE		200,387	0	63,749
DuPont de Nemours Inc	COM	26614n102	870	13,545	SH		DFND	1	13,545	0	0
Eaton Vance California Municip	SH BEN INT	27826f101	3,171	235,234	SH		SOLE		213,145	0	22,089
Eaton Vance Floating-Rate Inco	COM	278279104	611	44,504	SH		SOLE		43,787	0	717
Eaton Vance Insured CA Municip	COM	27828a100	1,441	128,133	SH		SOLE		116,348	0	11,785
Eaton Vance Limited Duration I	COM	27828h105	3,401	256,688	SH		SOLE		250,817	0	5,871
Eaton Vance Municipal Bond Fun	COM	27827X101	2,651	205,793	SH		SOLE		164,216	0	41,577
Eaton Vance Municipal Incm 202	SHS	27829U105	1,059	48,352	SH		SOLE		20,523	0	27,830
Ecolab Inc	COM	278865100	228	1,181	SH		SOLE		859	0	322
Edison International	COM	281020107	362	4,797	SH		SOLE		4,663	0	134
Edwards Lifesciences Corp	COM	28176e108	1,101	4,719	SH		SOLE		3,363	0	1,356
Elanco Animal Health Inc	COM	28414h103	619	21,034	SH		SOLE		7,524	0	13,510
Electronic Arts Inc	COM	285512109	817	7,599	SH		SOLE		1,683	0	5,916
Emerson Electric Co	COM	291011104	692	9,078	SH		SOLE		6,414	0	2,664
Enbridge Inc	COM	29250n105	12,827	322,523	SH		SOLE		289,848	0	32,675
Energy Transfer LP	COM UT LTD PTN	29273v100	98	7,643	SH		SOLE		7,643	0	0
Energy Transfer LP	COM UT LTD PTN	29273v100	146	11,400	SH		DFND	1	11,400	0	0
Enterprise Products Partners L	COM	293792107	513	18,209	SH		SOLE		11,413	0	6,796
Eros International PLC	SHS NEW	g3788m114	73	21,445	SH		SOLE		21,445	0	0
Exxon Mobil Corp	COM	30231g102	3,041	43,573	SH		SOLE		37,762	0	5,811
Facebook Inc	CL A	30303m102	176,618	860,501	SH		SOLE		838,687	0	21,814
Fidelity National Information	COM	31620m106	282	2,029	SH		SOLE		641	0	1,388
Financial Select Sector SPDR F	SBI INT-FINL	81369y605	389	12,630	SH		SOLE		12,130	0	500
First Trust Senior Floating Ra	COM	33733u108	743	59,175	SH		SOLE		57,778	0	1,397
Fiserv Inc	COM	337738108	1,327	11,475	SH		SOLE		3,958	0	7,517
Flaherty & Crumrine Preferred	COM	338478100	269	12,397	SH		SOLE		12,397	0	0
Flaherty and Crumrine Dynamic	SHS	33848w106	1,460	54,565	SH		SOLE		46,906	0	7,659
GAMCO Global Gold Natural Reso	COM SH BEN INT	36465a109	95	21,545	SH		SOLE		21,545	0	0
Gaming & Leisure Properties	COM	36467j108	42,212	980,525	SH		SOLE		977,655	0	2,870
GCI Liberty Inc	COM CLASS A	36164v305	3	44	SH		SOLE		44	0	0
GCI Liberty Inc	COM CLASS A	36164v305	782	11,040	SH		DFND	1	11,040	0	0
General Dynamics Corp	COM	369550108	245	1,387	SH		SOLE		1,342	0	45
General Electric Co	COM	369604103	447	40,070	SH		SOLE		26,487	0	13,583
General Mills Inc	COM	370334104	265	4,942	SH		SOLE		4,126	0	816
General Motors Co	COM	37045v100	251	6,871	SH		SOLE		6,800	0	71
Gilead Sciences Inc	COM	375558103	4,001	61,572	SH		SOLE		58,818	0	2,754
Glacier Bancorp Inc	COM	37637Q105	447	9,724	SH		SOLE		9,724	0	0
GlaxoSmithKline PLC	SPONSORED ADR	37733W105	408	8,682	SH		SOLE		8,000	0	682
Goldman Sachs ActiveBeta Emerging Markets Equity ETF	ACTIVEBETA EME	381430206	1,541	44,865	SH		SOLE		40,052	0	4,813
Goldman Sachs ActiveBeta International Equity ETF	ACTIVEBETA INT	381430107	1,523	50,361	SH		SOLE		46,827	0	3,534
Goldman Sachs ActiveBeta U.S.	EQUITY ETF	381430503	3,262	50,442	SH		SOLE		44,987	0	5,455
Goldman Sachs Group Inc	COM	38141G104	21,860	95,074	SH		SOLE		84,778	0	10,296
Goldman Sachs MLP Income Oppor	COM SHS	38147w103	2,161	356,084	SH		SOLE		310,707	0	45,377
Hain Celestial Group Inc/The	COM	405217100	325	12,511	SH		SOLE		12,500	0	11
Highland/iBoxx Senior Loan ETF	HI LD IBOXX SRLN	430101774	1,121	63,891	SH		SOLE		58,850	0	5,041
Home Depot Inc	COM	437076102	2,877	13,172	SH		SOLE		10,996	0	2,176
Honeywell International Inc	COM	438516106	4,607	26,029	SH		SOLE		19,045	0	6,984
Illumina Inc	COM	452327109	216	651	SH		SOLE		339	0	312
Intel Corp	COM	458140100	1,523	25,444	SH		SOLE		21,158	0	4,286
IntercontinentalExchange Inc	COM	45866f104	1,445	15,613	SH		SOLE		3,959	0	11,654
International Business Machine	COM	459200101	719	5,362	SH		SOLE		4,409	0	953
International Flavors & Fragra	COM	459506101	209	1,620	SH		DFND	1	1,620	0	0
Invesco CEF Income Composite E	CEF INM COMPSI	46138e404	487	20,901	SH		SOLE		18,975	0	1,926
Invesco Dynamic Credit Opportu	COM	46132r104	1,148	101,136	SH		SOLE		94,075	0	7,061
Invesco Municipal Opportunity	COM	46132c107	248	20,025	SH		SOLE		14,908	0	5,117
Invesco QQQ Trust Series 1	UNIT SER 1	46090e103	1,147	5,395	SH		SOLE		5,095	0	300
Invesco Quality Municipal Inco	COM	46133G107	590	46,911	SH		SOLE		35,279	0	11,632
Invesco S&P 500 Equal Weight E	S&P500 EQL WGT	46137v357	261	2,257	SH		SOLE		2,257	0	0
Invesco Senior Income Trust	COM	46131h107	858	199,987	SH		SOLE		196,799	0	3,188
Invesco Value Municipal Income	COM	46132p108	534	34,877	SH		SOLE		26,621	0	8,256
Invesco Van Kampen CA Value Mu	COM	46132h106	2,630	205,118	SH		SOLE		190,105	0	15,013
Invesco Variable Rate Investme	VAR RATE INVT	46090a879	2,167	86,811	SH		SOLE		81,273	0	5,538
IQ Enhanced Core Plus Bond US	IQ ENCH COR PL	45409b479	874	44,299	SH		SOLE		41,343	0	2,957
IQ Merger Arbitrage ETF	IQ MRGR ARB ETF	45409b800	3,862	116,339	SH		SOLE		114,678	0	1,661
IQVIA Holdings Inc	COM	46266c105	22,771	147,378	SH		SOLE		134,051	0	13,327
iShares 0-5 Year High Yield Co	0-5YR HI YL CP	46434V407	290	6,240	SH		SOLE		6,240	0	0
iShares Barclays CMBS Bond	CMBS ETF	46429b366	431	8,158	SH		SOLE		8,158	0	0
iShares Cohen & Steers Realty	COHEN STEER REIT	464287564	235	2,010	SH		SOLE		2,010	0	0
iShares Core MSCI EAFE ETF	CORE MSCI EAFE	46432f842	6,981	107,001	SH		SOLE		91,672	0	15,329
iShares Core MSCI Emerging Markets ETF	CORE MSCI EMKT	46434g103	4,730	87,988	SH		SOLE		87,988	0	0
Ishares Core S&P Mcp Etf	CORE S&P MCP ETF	464287507	271	1,317	SH		SOLE		832	0	485
iShares Core S&P Small-Cap ETF	CORE S&P SCP ETF	464287804	367	4,373	SH		SOLE		2,267	0	2,106
iShares Core S&P Total US Stoc	CORE S&P TTL STK	464287150	2,886	39,699	SH		SOLE		38,302	0	1,397
iShares Core U.S. Aggregate Bo	CORE US AGGBD ET	464287226	6,939	61,752	SH		SOLE		60,378	0	1,374
iShares DJ Select Dividend Ind	SELECT DIVID ETF	464287168	433	4,099	SH		SOLE		3,549	0	550
iShares Edge MSCI Min Vol EAFE ETF	MIN VOL EAFE ETF	46429b689	444	5,963	SH		SOLE		5,963	0	0
iShares Edge MSCI Multifactor	MULTIFACTOR USA	46434v282	4,670	135,438	SH		SOLE		125,005	0	10,433
iShares Floating Rate Bond Fun	FLTG RATE NT ETF	46429b655	306	6,013	SH		SOLE		5,613	0	400
iShares Gold Trust	ISHARES	464285105	70,565	4,866,566	SH		SOLE		4,442,055	0	424,511
iShares MSCI EAFE ETF	MSCI EAFE ETF	464287465	800	11,522	SH		SOLE		10,673	0	849
iShares MSCI KLD 400 Social Id	MSCI KLD400 SOC	464288570	249	2,071	SH		SOLE		2,071	0	0
iShares Russell 1000 Growth In	RUS 1000 GRW ETF	464287614	1,052	5,981	SH		SOLE		3,666	0	2,315
iShares Russell 1000 Value Ind	RUS 1000 VAL ETF	464287598	894	6,549	SH		SOLE		3,719	0	2,830
iShares Russell 2000 Value Ind	RUS 2000 VAL ETF	464287630	742	5,769	SH		SOLE		5,769	0	0
iShares S&P 500 Index Fund	CORE S&P500 ETF	464287200	23,357	72,258	SH		SOLE		62,251	0	10,007
iShares S&P California Municip	CALIF MUN BD ETF	464288356	7,484	122,230	SH		SOLE		99,760	0	22,470
iShares S&P S/T Nationall AMT-	SHRT NAT MUN ETF	464288158	429	4,016	SH		SOLE		4,016	0	0
Johnson & Johnson	COM	478160104	5,670	38,868	SH		SOLE		31,705	0	7,163
JPMorgan Alerian MLP Index ETN	ALERIAN ML ETN	46625h365	11,316	518,833	SH		SOLE		457,647	0	61,186
JPMorgan Chase & Co	COM	46625h100	28,208	202,351	SH		SOLE		177,906	0	24,445
Kayne Anderson Midstream/Energ	COM	48661e108	6,191	588,461	SH		SOLE		525,948	0	62,513
Kayne Anderson Midstream/Energ	COM	48661e108	1,947	185,079	SH		DFND	1	185,079	0	0
Kayne Anderson MLP/Midstream I	COM	486606106	11,512	826,450	SH		SOLE		765,494	0	60,956
Kayne Anderson MLP/Midstream I	COM	486606106	1,022	73,387	SH		DFND	1	73,387	0	0
Kinder Morgan Inc	COM	49456B101	1,363	64,405	SH		SOLE		49,736	0	14,669
Lam Research Corp	COM	512807108	521	1,783	SH		SOLE		1,714	0	69
Las Vegas Sands Corp	COM	517834107	2,889	41,851	SH		SOLE		36,294	0	5,557
Lennar Corp Cl B	CL B	526057302	11,098	248,271	SH		SOLE		224,128	0	24,143
Liberty Broadband Corp Com Cl	COM SER C	530307305	20,034	159,318	SH		SOLE		144,775	0	14,543
Liberty Global PLC	SHS CL A	g5480u104	460	20,237	SH		DFND	1	20,237	0	0
Liberty Global PLC	SHS CL C	g5480u120	628	28,802	SH		DFND	1	28,802	0	0
Liberty Media Corp Series C	COM SER C FRMLA	531229854	594	12,915	SH		SOLE		12,613	0	302
Liberty Media Corp-Liberty For	COM SER A FRMLA	531229870	541	12,353	SH		SOLE		12,353	0	0
Liberty Media Corp-Liberty For	COM SER A FRMLA	531229870	4,369	99,784	SH		DFND	1	99,784	0	0
Linde PLC	SHS	g5494j103	1,615	7,583	SH		SOLE		6,837	0	746
Lockheed Martin Corp	COM	539830109	931	2,392	SH		SOLE		2,007	0	385
Lowe's Companies Inc	COM	548661107	32,588	272,107	SH		SOLE		240,862	0	31,246
Lyft Inc	CL A COM	55087p104	5,927	137,770	SH		SOLE		124,198	0	13,572
Macerich Co	COM	554382101	248	9,222	SH		SOLE		8,848	0	374
Magellan Midstream Partners LP	COM UNIT RP LP	559080106	246	3,918	SH		SOLE		3,818	0	100
Marathon Petroleum Corp	COM	56585a102	692	11,487	SH		SOLE		1,457	0	10,030
Martin Marietta Materials Inc	COM	573284106	21,295	76,152	SH		SOLE		68,575	0	7,577
Mastercard Inc	CL A	57636q104	37,860	126,795	SH		SOLE		115,106	0	11,689
McDonald's Corp	COM	580135101	3,431	17,365	SH		SOLE		12,074	0	5,291
Medtronic PLC	SHS	g5960l103	32,969	290,605	SH		SOLE		236,229	0	54,376
Merck & Co Inc	COM	58933Y105	1,389	15,276	SH		SOLE		13,631	0	1,645
MFS Multi-Market	SH BEN INT	552737108	2,887	471,687	SH		SOLE		442,861	0	28,827
Microsoft Corp	COM	594918104	199,508	1,265,112	SH		SOLE		1,217,402	0	47,710
Mondelez International Inc	CL A	609207105	518	9,413	SH		SOLE		9,216	0	197
Motorola Solutions Inc	COM NEW	620076307	1,024	6,357	SH		SOLE		1,519	0	4,838
National Oilwell Varco Inc	COM	637071101	273	10,895	SH		SOLE		10,779	0	116
Netflix Inc	COM	64110l106	319	987	SH		SOLE		741	0	246
Neuberger Berman CA Interm Mu	COM	64123c101	2,230	159,866	SH		SOLE		135,906	0	23,960
New America High Income Fund	COM NEW	641876800	2,323	254,455	SH		SOLE		241,780	0	12,675
NextEra Energy Inc	COM	65339F101	787	3,250	SH		SOLE		2,705	0	545
Nextpoint Residential Trust	COM	65341d102	589	13,094	SH		SOLE		0	0	13,094
NIKE Inc	CL B	654106103	980	9,671	SH		SOLE		6,108	0	3,563
Norfolk Southern Corp	COM	655844108	288	1,482	SH		SOLE		475	0	1,007
Nuveen Amt-Free Municipal Inco	COM	670657105	495	34,439	SH		SOLE		19,304	0	15,135
Nuveen Build America Bond Fund	COM	67074c103	3,244	148,521	SH		SOLE		140,380	0	8,142
Nuveen Build America Bond Fund	COM	67074c103	1,114	50,988	SH		DFND	1	50,988	0	0
Nuveen CA Muni Value Fund	COM	67062C107	7,423	697,041	SH		SOLE		620,294	0	76,747
Nuveen CA Sel Tax Free Income	SH BEN INT	67063r103	1,664	100,115	SH		SOLE		96,900	0	3,215
Nuveen California AMT-Free Qua	COM	670651108	2,742	180,251	SH		SOLE		155,539	0	24,712
Nuveen California Quality Muni	COM	67066y105	5,863	393,763	SH		SOLE		340,997	0	52,766
Nuveen Credit Strategies Incom	COM SHS	67073d102	2,624	342,088	SH		SOLE		338,772	0	3,317
Nuveen Credit Strategies Incom	COM SHS	67073d102	1,670	217,750	SH		DFND	1	217,750	0	0
Nuveen Enhanced AMT-Free Muni	COM	67071l106	347	20,795	SH		SOLE		19,395	0	1,400
Nuveen Enhanced Municipal Cred	COM SH BEN INT	67070x101	295	18,024	SH		SOLE		18,024	0	0
Nuveen Intermediate Duration M	COM	670671106	224	16,131	SH		SOLE		12,513	0	3,618
Nuveen Intermediate Duration Q	COM	670677103	191	13,771	SH		SOLE		13,771	0	0
Nuveen Preferred Income Opport	COM	67073b106	528	50,517	SH		SOLE		46,434	0	4,083
Nuveen Quality Municipal Incom	COM	67066v101	329	22,537	SH		SOLE		19,065	0	3,472
Nuveen Quality Preferred Incom	COM	67072C105	201	20,001	SH		SOLE		15,843	0	4,158
Nuveen Real Asset Income and G	COM	67074y105	459	24,991	SH		SOLE		24,717	0	274
NVIDIA Corp	COM	67066g104	929	3,946	SH		SOLE		3,151	0	795
Oaktree Specialty Lending Corp	COM	67401p108	165	30,267	SH		SOLE		30,267	0	0
Oaktree Strategic Income Corp	COM	67402d104	236	28,875	SH		SOLE		28,875	0	0
Oaktree Strategic Income Corp	COM	67402d104	534	65,223	SH		DFND	1	65,223	0	0
Occidental Petroleum Corp	COM	674599105	1,226	29,753	SH		SOLE		29,034	0	719
Oracle Corp	COM	68389X105	566	10,679	SH		SOLE		4,712	0	5,967
O'Reilly Automotive Inc	COM	67103H107	1,440	3,286	SH		SOLE		3,033	0	253
Oxford Square Capital Corp	COM	69181v107	55	10,126	SH		SOLE		10,126	0	0
PACCAR Inc	COM	693718108	367	4,644	SH		SOLE		4,000	0	644
Paychex Inc	COM	704326107	249	2,923	SH		SOLE		956	0	1,967
PayPal Holdings Inc	COM	70450y103	763	7,051	SH		SOLE		2,997	0	4,054
PCM Fund Inc	COM	69323T101	2,267	197,779	SH		SOLE		182,662	0	15,117
PepsiCo Inc	COM	713448108	1,575	11,524	SH		SOLE		8,846	0	2,678
Pfizer Inc	COM	717081103	26,436	674,740	SH		SOLE		524,727	0	150,013
Philip Morris International In	COM	718172109	21,208	249,238	SH		SOLE		228,468	0	20,770
Philip Morris International In	COM	718172109	925	10,870	SH		DFND	1	10,870	0	0
Phillips 66	COM	718546104	631	5,663	SH		SOLE		723	0	4,940
PICO Holdings Inc	COM NEW	693366205	3,789	340,723	SH		SOLE		272,015	0	68,708
PICO Holdings Inc	COM NEW	693366205	7,252	652,122	SH		DFND	1	652,122	0	0
PIMCO Active Bond ETF	ACTIVE BD ETF	72201r775	1,690	15,673	SH		SOLE		15,673	0	0
PIMCO Corporate & Income Oppor	COM	72201b101	288	15,146	SH		SOLE		11,492	0	3,654
PIMCO Dynamic Credit and Mortg	COM SHS	72202d106	4,103	162,817	SH		SOLE		146,294	0	16,523
PIMCO Dynamic Credit and Mortg	COM SHS	72202d106	674	26,750	SH		DFND	1	26,750	0	0
PIMCO Dynamic Income Fund	SHS	72201y101	481	14,827	SH		SOLE		13,380	0	1,447
PIMCO Energy & Tactical Credit	COM SHS BEN INT	69346n107	10,820	655,786	SH		SOLE		590,345	0	65,441
PIMCO Enhanced Short Maturity	ENHAN SHRT MA AC	72201r833	2,761	27,181	SH		SOLE		27,181	0	0
PIMCO Income Strategy Fund II	COM	72201j104	865	81,663	SH		SOLE		77,268	0	4,395
PIMCO Municipal Income Fund II	COM	72200w106	485	30,591	SH		SOLE		30,591	0	0
PNC Financial Services Group I	COM	693475105	294	1,844	SH		SOLE		1,746	0	98
Point Bridge Gop Stock Tracker	POINT BRIDGE GOP	26922a628	7,096	247,000	SH		SOLE		247,000	0	0
Procter & Gamble Co	COM	742718109	2,286	18,300	SH		SOLE		15,212	0	3,088
Prospect Capital Corp	COM	74348t102	83	12,947	SH		SOLE		12,947	0	0
QUALCOMM Inc	COM	747525103	14,569	165,130	SH		SOLE		146,397	0	18,733
QUALCOMM Inc	COM	747525103	176	2,000	SH		DFND	1	2,000	0	0
Raytheon Co	COM NEW	755111507	937	4,266	SH		SOLE		2,016	0	2,250
Reading International Inc	CL A	755408101	325	29,000	SH		DFND	1	29,000	0	0
Realty Income Corp	COM	756109104	373	5,071	SH		SOLE		3,397	0	1,674
Reaves Utility Income Fund	COM SH BEN INT	756158101	601	16,225	SH		SOLE		15,446	0	779
Republic Services Inc	COM	760759100	410	4,573	SH		SOLE		4,103	0	470
Retail Opportunity Investments	COM	76131n101	15,900	900,332	SH		SOLE		820,389	0	79,943
Retail Opportunity Investments	COM	76131n101	504	28,536	SH		DFND	1	28,536	0	0
Rexford Industrial Realty Inc	COM	76169C100	14,844	325,025	SH		SOLE		267,338	0	57,687
RiverNorth/DoubleLine Strategi	COM	76882G107	625	38,019	SH		SOLE		38,019	0	0
RiverNorth/DoubleLine Strategi	COM	76882G107	1,593	96,975	SH		DFND	1	96,975	0	0
RLI Corp	COM	749607107	287	3,183	SH		SOLE		3,183	0	0
RLJ Lodging Trust Pfd 1.95 Co	CUM CONV PFD A	74965l200	742	25,835	SH		SOLE		21,657	0	4,178
Robert Half International Inc	COM	770323103	694	10,993	SH		SOLE		0	0	10,993
Rockwell Automation Inc	COM	773903109	736	3,630	SH		SOLE		3,262	0	368
Royal Dutch Shell PLC	SPON ADR B	780259107	258	4,300	SH		SOLE		4,300	0	0
Royce Micro Capital Trust Inc	COM	780915104	761	89,159	SH		SOLE		74,775	0	14,384
S&P Global Inc	COM	78409v104	1,892	6,930	SH		SOLE		1,566	0	5,364
Sabre Corp	COM	78573m104	445	19,840	SH		SOLE		5,270	0	14,570
salesforce.com Inc	COM	79466l302	22,628	139,127	SH		SOLE		124,461	0	14,666
Schwab Int'l Large Cap Equity - ETF	INTL EQTY ETF	808524805	519	15,420	SH		SOLE		15,420	0	0
Schwab Large Cap Blend - ETF	US LRG CAP ETF	808524201	310	4,035	SH		SOLE		4,035	0	0
Schwab U.S. Large-Cap Value ET	US LCAP VA ETF	808524409	372	6,193	SH		SOLE		6,193	0	0
Sempra Energy	COM	816851109	779	5,140	SH		SOLE		5,108	0	32
Sherwin-Williams Co/The	COM	824348106	237	406	SH		SOLE		400	0	6
Skyworks Solutions Inc	COM	83088m102	2,040	16,879	SH		SOLE		3,920	0	12,959
Snap Inc	CL A	83304a106	2,024	123,934	SH		SOLE		0	0	123,934
Sony Corp ADR	SPONSORED ADR	835699307	13,720	201,759	SH		SOLE		183,453	0	18,305
Sony Corp ADR	SPONSORED ADR	835699307	2,199	32,345	SH		DFND	1	32,345	0	0
Southwest Airlines Co	COM	844741108	12,427	230,223	SH		SOLE		203,494	0	26,729
SPDR Gold Trust	GOLD SHS	78463v107	9,692	67,826	SH		SOLE		61,260	0	6,566
SPDR Portfolio Mid Cap ETF	PORTFOLIO MD ETF	78464A847	1,197	33,052	SH		SOLE		33,052	0	0
SPDR Portfolio World ex- US ETF	PORTFOLIO DEVLPD	78463X889	388	12,382	SH		SOLE		12,382	0	0
SPDR S&P 500 ETF Unit Trust	TR UNIT	78462f103	17,310	53,782	SH		SOLE		48,514	0	5,268
SPDR S&P Dividend ETF	S&P DIVID ETF	78464A763	260	2,420	SH		SOLE		2,420	0	0
SPDR S&P Global Infrastructure	S&P GBLINF ETF	78463x855	2,782	50,541	SH		SOLE		46,984	0	3,557
Starbucks Corp	COM	855244109	2,437	27,715	SH		SOLE		24,507	0	3,208
Starwood Property Trust Inc	COM	85571b105	15,888	639,099	SH		SOLE		584,563	0	54,536
Sterling Bancorp	COM	85917a100	3,041	144,266	SH		SOLE		143,816	0	450
Sysco Corp	COM	871829107	557	6,509	SH		SOLE		5,556	0	953
Tandy Leather Factory Inc	COM	87538X105	388	67,871	SH		SOLE		66,677	0	1,194
Tandy Leather Factory Inc	COM	87538X105	57	10,046	SH		DFND	1	10,046	0	0
Tanzanian Gold Corp	COM	87601a107	72	117,371	SH		SOLE		117,371	0	0
Target Corp	COM	87612e106	527	4,113	SH		SOLE		3,480	0	633
TCW Strategic Income Fund Inc	COM	872340104	5,952	1,031,519	SH		SOLE		953,149	0	78,370
TCW Strategic Income Fund Inc	COM	872340104	229	39,710	SH		DFND	1	39,710	0	0
Technology Select Sector SPDR	TECHNOLOGY	81369y803	205	2,234	SH		SOLE		2,234	0	0
Tesla Motors Inc	COM	88160r101	784	1,875	SH		SOLE		1,600	0	275
Texas Instruments Inc	COM	882508104	11,741	91,520	SH		SOLE		81,348	0	10,172
Thermo Fisher Scientific Inc	COM	883556102	324	998	SH		SOLE		303	0	695
Tidewater Inc	COM	88642r109	211	10,930	SH		DFND	1	10,930	0	0
TJX Companies Inc	COM	872540109	522	8,545	SH		SOLE		7,551	0	994
Tortoise Energy Infrastructure	COM	89147l100	4,033	224,933	SH		SOLE		200,521	0	24,412
Tortoise North American Pipeli	TORTOISE NRAM PI	56167n720	380	16,160	SH		SOLE		16,160	0	0
Uber Technologies Inc	COM	90353t100	5,965	200,577	SH		SOLE		181,227	0	19,350
Unilever PLC	SPON ADR NEW	904767704	15,277	267,226	SH		SOLE		241,360	0	25,867
Union Pacific Corp	COM	907818108	514	2,844	SH		SOLE		2,674	0	170
United Parcel Service Inc	CL B	911312106	36,551	312,242	SH		SOLE		297,075	0	15,167
United Technologies Corp	COM	913017109	553	3,691	SH		SOLE		3,465	0	226
UnitedHealth Group Inc	COM	91324p102	13,056	44,413	SH		SOLE		40,443	0	3,970
US Bancorp	COM NEW	902973304	300	5,057	SH		SOLE		2,559	0	2,498
VanEck Vectors Short High-Yiel	SHORT HIGH YIELD	92189f387	587	23,282	SH		SOLE		23,282	0	0
Vanguard FTSE Emerging Markets ETF	FTSE EMR MKT ETF	922042858	793	17,840	SH		SOLE		1,841	0	15,999
Vanguard Growth ETF	GROWTH ETF	922908736	370	2,031	SH		SOLE		1,741	0	290
Vanguard Mid Cap ETF	MID CAP ETF	922908629	3,417	19,176	SH		SOLE		19,176	0	0
Vanguard Mortgage-Backed Secur	MORTG-BACK SEC	92206c771	1,633	30,717	SH		SOLE		29,642	0	1,075
Vanguard REIT ETF	REAL ESTATE ETF	922908553	4,809	51,822	SH		SOLE		49,001	0	2,821
Vanguard S&P 500 ETF	S&P 500 ETF SHS	922908363	6,023	20,363	SH		SOLE		20,363	0	0
Vanguard S&P Small-Cap 600 ETF	SMLLCP 600 IDX	921932828	1,994	13,106	SH		SOLE		13,106	0	0
Vanguard Short Term Corporate	SHRT TRM CORP BD	92206c409	516	6,369	SH		SOLE		6,369	0	0
Vanguard Total Stock Market ET	TOTAL STK MKT	922908769	267	1,633	SH		SOLE		1,633	0	0
Vereit Inc	COM	92339V100	72,531	7,849,662	SH		SOLE		6,969,583	0	880,079
Verizon Communications Inc	COM	92343v104	1,336	21,757	SH		SOLE		16,131	0	5,627
Visa Inc	COM CL A	92826C839	19,615	104,392	SH		SOLE		92,126	0	12,266
Voya Prime Rate Trust	SH BEN INT	92913a100	658	131,387	SH		SOLE		129,410	0	1,977
Vulcan Materials Co	COM	929160109	1,733	12,036	SH		SOLE		2,836	0	9,200
Wal-Mart Stores Inc	COM	931142103	730	6,142	SH		SOLE		4,791	0	1,351
Walt Disney Co	COM DISNEY	254687106	55,964	386,945	SH		SOLE		343,852	0	43,093
Walt Disney Co	COM DISNEY	254687106	1,339	9,260	SH		DFND	1	9,260	0	0
Wells Fargo & Co	COM	949746101	899	16,715	SH		SOLE		16,130	0	585
Wells Fargo & Co	COM	949746101	127	2,360	SH		DFND	1	2,360	0	0
Wells Fargo & Co New Perp Pfd	PERP PFD CNV A	949746804	4,470	3,083	SH		SOLE		2,929	0	153
Wells Fargo Multi-Sector Incom	COM	94987D101	424	32,942	SH		SOLE		27,420	0	5,522
Western Asset Mortgage Capital	COM	95790d105	155	15,000	SH		SOLE		15,000	0	0
Western Asset/Claymore US Trea	COM	95766r104	156	13,553	SH		SOLE		13,553	0	0
Williams Companies Inc	COM	969457100	133	5,613	SH		SOLE		5,356	0	257
Williams Companies Inc	COM	969457100	151	6,385	SH		DFND	1	6,385	0	0
WisdomTree China ex-State-Owned Enterprises Fund	CHINADIV EX FI	97717X719	254	3,055	SH		SOLE		3,055	0	0
Woodward Inc	COM	980745103	713	6,024	SH		SOLE		6,023	0	1