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
Estimated average burden
hours per response:		23.8

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	552	3,445	SH		SOLE		3,161	0	284
Abbott Laboratories	COM	002824100	1,239	11,388	SH		SOLE		8,770	0	2,618
AbbVie Inc	COM	00287y109	902	10,297	SH		SOLE		7,958	0	2,339
Aberdeen Standard Physical Pla	PHYSCL PLATM SHS	003260106	244	2,908	SH		SOLE		2,908	0	0
Accenture PLC	SHS CLASS A	g1151c101	728	3,223	SH		SOLE		1,566	0	1,657
Activision Blizzard Inc	COM	00507v109	269	3,328	SH		SOLE		2,055	0	1,273
Adobe Systems Inc	COM	00724f101	729	1,487	SH		SOLE		943	0	544
Alerian MLP ETF	ALERIAN MLP	00162q452	244	12,191	SH		SOLE		11,138	0	1,053
Alexandria Real Estate Equitie	COM	015271109	6,449	40,306	SH		SOLE		39,108	0	1,198
Alibaba Group Holding Inc	SPONSORED ADS	01609w102	1,114	3,790	SH		SOLE		3,387	0	403
Align Technology Inc	COM	016255101	279	851	SH		SOLE		259	0	592
Alliant Energy Corp	COM	018802108	539	10,443	SH		SOLE		9,119	0	1,324
Alphabet Inc Class A	CAP STK CL A	02079k305	5,159	3,520	SH		SOLE		2,073	0	1,447
Alphabet Inc Class A	CAP STK CL A	02079k305	852	581	SH		DFND	1	581	0	0
Alphabet Inc Class C	CAP STK CL C	02079k107	94,192	64,093	SH		SOLE		58,173	0	5,920
Alphabet Inc Class C	CAP STK CL C	02079k107	1,603	1,091	SH		DFND	1	1,091	0	0
Altria Group Inc	COM	02209s103	710	18,371	SH		SOLE		17,863	0	508
Amazon.com Inc	COM	023135106	74,608	23,694	SH		SOLE		21,089	0	2,605
Amazon.com Inc	COM	023135106	2,299	730	SH		DFND	1	730	0	0
American Express Co	COM	025816109	313	3,123	SH		SOLE		2,961	0	162
American Finance Trust Inc - Cl A	COM CLASS A	02607t109	189	30,103	SH		SOLE		30,103	0	0
American Tower Corp	COM	03027x100	409	1,694	SH		SOLE		1,607	0	87
American Water Works Co Inc	COM	030420103	392	2,705	SH		SOLE		241	0	2,464
AmerisourceBergen Corp	COM	03073e105	14,489	149,499	SH		SOLE		134,961	0	14,538
Amgen Inc	COM	031162100	10,754	42,310	SH		SOLE		37,634	0	4,676
AMREP Corp	COM	032159105	265	47,296	SH		SOLE		45,692	0	1,604
AMREP Corp	COM	032159105	809	144,521	SH		DFND	1	144,521	0	0
Analog Devices Inc	COM	032654105	1,701	14,573	SH		SOLE		2,930	0	11,643
Anheuser-Busch InBev NV ADR	SPONSORED ADR	03524a108	257	4,770	SH		SOLE		4,739	0	31
Annaly Capital Management Inc	COM	035710409	224	31,472	SH		SOLE		30,710	0	762
Anthem Inc	COM	036752103	11,108	41,356	SH		SOLE		37,060	0	4,296
Aon PLC	SHS CL A	g0403h108	15,950	77,315	SH		SOLE		71,714	0	5,601
Aon PLC	SHS CL A	g0403h108	361	1,750	SH		DFND	1	1,750	0	0
Apple Inc	COM	037833100	47,371	409,040	SH		SOLE		326,224	0	82,816
Applied Materials Inc	COM	038222105	235	3,952	SH		SOLE		2,580	0	1,372
Ares Capital Corp	COM	04010L103	164	11,771	SH		SOLE		11,771	0	0
Armstrong World Industries Inc	COM	04247x102	984	14,301	SH		SOLE		3,060	0	11,241
AT&T Inc	COM	00206r102	1,672	58,654	SH		SOLE		55,521	0	3,133
Automatic Data Processing Inc	COM	053015103	299	2,145	SH		SOLE		1,931	0	214
AvalonBay Communities Inc	COM	053484101	213	1,428	SH		SOLE		1,413	0	15
Axos Financial Inc	COM	05465c100	559	24,000	SH		SOLE		24,000	0	0
Ball Corp	COM	058498106	16,824	202,406	SH		SOLE		184,147	0	18,259
Bank of America Corp	COM	060505104	1,142	47,394	SH		SOLE		45,433	0	1,961
Bank of America Non-Cumulative	7.25%CNV PFD L	060505682	1,218	819	SH		SOLE		740	0	79
Bank of America Non-Cumulative	7.25%CNV PFD L	060505682	945	635	SH		DFND	1	635	0	0
Bank of New York Mellon Co	COM	064058100	484	14,103	SH		SOLE		10,969	0	3,134
Baxter International Inc	COM	071813109	1,366	16,988	SH		SOLE		4,157	0	12,831
Berkshire Hathaway CL A	CL A	084670108	4,800	15	SH		SOLE		15	0	0
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	45,414	213,270	SH		SOLE		195,741	0	17,529
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	2,975	13,970	SH		DFND	1	13,970	0	0
BlackRock California Municipal	SH BEN INT	09248e102	2,727	206,769	SH		SOLE		192,666	0	14,103
BlackRock Core Bond Trust	SHS BEN INT	09249e101	4,601	293,812	SH		SOLE		279,059	0	14,753
BlackRock Core Bond Trust	SHS BEN INT	09249e101	993	63,407	SH		DFND	1	63,407	0	0
BlackRock Credit Allocation In	COM	092508100	3,159	222,167	SH		SOLE		211,950	0	10,216
BlackRock Floating Rate Income	COM	09255x100	1,845	160,417	SH		SOLE		157,420	0	2,997
BlackRock Inc	COM	09247x101	18,295	32,464	SH		SOLE		30,138	0	2,326
Blackrock Income Trust	COM	09247F100	74	12,104	SH		SOLE		12,104	0	0
BlackRock Limited Duration Inc	COM SHS	09249w101	2,314	157,283	SH		SOLE		149,098	0	8,185
BlackRock Multi-Sector Income	COM	09258a107	1,315	83,317	SH		SOLE		78,477	0	4,840
BlackRock Municipal 2030 Targe	COM SHS BEN IN	09257p105	3,124	125,027	SH		SOLE		102,564	0	22,463
BlackRock MuniHoldings Califor	COM	09254l107	4,147	296,638	SH		SOLE		253,827	0	42,811
BlackRock MuniHoldings Investm	COM	09254p108	191	14,228	SH		SOLE		14,228	0	0
BlackRock MuniHoldings Investm	COM	09254p108	234	17,476	SH		DFND	1	17,476	0	0
BlackRock MuniYield California	COM	09254m105	2,597	187,544	SH		SOLE		173,949	0	13,595
BlackRock MuniYield California	COM	09254n103	2,748	191,372	SH		SOLE		177,862	0	13,510
BlackRock Taxable Municipal Bo	SHS	09248x100	5,237	202,059	SH		SOLE		191,391	0	10,668
Blackstone Group LP	COM CL A	09260d107	282	5,400	SH		SOLE		5,400	0	0
Bloom Energy Corp	COM CL A	093712107	2,408	134,015	SH		SOLE		121,515	0	12,500
Boeing Co	COM	097023105	1,077	6,517	SH		SOLE		6,219	0	298
Booking Holdings Inc	COM	09857l108	15,443	9,027	SH		SOLE		8,098	0	929
Bristol Myers Squibb Co	COM	110122108	1,023	16,974	SH		SOLE		12,611	0	4,363
British American Tobacco PLC A	SPONSORED ADR	110448107	434	12,012	SH		SOLE		10,700	0	1,312
British American Tobacco PLC A	SPONSORED ADR	110448107	535	14,800	SH		DFND	1	14,800	0	0
Broadcom Inc	COM	11135f101	2,435	6,684	SH		SOLE		6,256	0	428
Brookfield Asset Management In	CL A LTD VT SH	112585104	17,274	522,498	SH		SOLE		484,270	0	38,228
Brookfield Asset Management In	CL A LTD VT SH	112585104	1,860	56,268	SH		DFND	1	56,268	0	0
Brookfield Infrastructure Part	LP INT UNIT	g16252101	1,173	24,635	SH		SOLE		24,635	0	0
Brown Forman Corp Class B With	CL B	115637209	2,157	28,643	SH		SOLE		26,879	0	1,764
Brunswick Corp/DE	COM	117043109	500	8,494	SH		SOLE		1,877	0	6,617
Calamos Global Dynamic Income	COM	12811l107	81	10,000	SH		SOLE		10,000	0	0
Canadian National Railway Co	COM	136375102	2,842	26,692	SH		SOLE		6,745	0	19,947
Cardiovascular Systems Inc	COM	141619106	258	6,550	SH		SOLE		6,550	0	0
CarMax Inc	COM	143130102	8,858	96,375	SH		SOLE		87,075	0	9,300
Caterpillar Inc	COM	149123101	868	5,822	SH		SOLE		5,216	0	606
CDW Corp/DE	COM	12514g108	290	2,428	SH		SOLE		506	0	1,922
Charles Schwab Corp	COM	808513105	9,930	274,093	SH		SOLE		255,269	0	18,824
Charles Schwab Corp	COM	808513105	888	24,500	SH		DFND	1	24,500	0	0
Charter Communications Inc	CL A	16119p108	326	522	SH		SOLE		449	0	73
Chevron Corp	COM	166764100	3,706	51,470	SH		SOLE		29,513	0	21,957
Cigna Corp	COM	125523100	317	1,869	SH		SOLE		1,773	0	96
Cintas Corp	COM	172908105	240	720	SH		SOLE		653	0	67
Cisco Systems Inc	COM	17275R102	1,297	32,929	SH		SOLE		25,560	0	7,369
Citigroup Inc	COM NEW	172967424	232	5,376	SH		SOLE		5,217	0	159
Coca-Cola Co	COM	191216100	1,389	28,128	SH		SOLE		20,939	0	7,189
Cohen & Steers Limited Duratio	COM	19248c105	536	22,956	SH		SOLE		21,627	0	1,329
Cohen & Steers Quality Income	COM	19247l106	538	48,396	SH		SOLE		45,556	0	2,840
Cohen & Steers REIT and Prefer	COM	19247x100	757	37,487	SH		SOLE		35,549	0	1,938
Cohen & Steers Select Utility	COM	19248a109	532	23,917	SH		SOLE		22,566	0	1,351
Colony Capital Inc	CL A COM	19626g108	7	2,671	SH		SOLE		2,671	0	0
Colony Capital Inc	CL A COM	19626g108	359	131,500	SH		DFND	1	131,500	0	0
Columbia Diversified Fixed Inc	DIVERSIFID FXD	19761l508	1,205	56,030	SH		SOLE		26,016	0	30,014
Comcast Corp	CL A	20030n101	17,289	373,743	SH		SOLE		345,280	0	28,463
Comcast Corp	CL A	20030n101	905	19,565	SH		DFND	1	19,565	0	0
Consumer Discretionary Select	SBI CONS DISCR	81369y407	542	3,688	SH		SOLE		3,688	0	0
Corteva Inc	COM	22052l104	1,458	50,609	SH		SOLE		2,237	0	48,372
Costco Wholesale Corp	COM	22160k105	3,931	11,073	SH		SOLE		9,886	0	1,187
Crown Castle International Cor	COM	22822v101	1,475	8,857	SH		SOLE		2,862	0	5,995
CVS Health Corp	COM	126650100	1,037	17,757	SH		SOLE		16,550	0	1,207
CVS Health Corp	COM	126650100	213	3,654	SH		DFND	1	3,654	0	0
Danaher Corp	COM	235851102	655	3,043	SH		SOLE		2,905	0	138
Diageo PLC ADR	SPON ADR NEW	25243q205	1,589	11,545	SH		SOLE		10,528	0	1,017
Diageo PLC ADR	SPON ADR NEW	25243q205	681	4,950	SH		DFND	1	4,950	0	0
DocuSign Inc	COM	256163106	655	3,045	SH		SOLE		2,046	0	999
Dollar Tree Inc	COM	256746108	796	8,714	SH		SOLE		2,012	0	6,702
Dominion Energy Inc	COM	25746u109	523	6,626	SH		SOLE		6,398	0	228
Doubleline Income Solutions Cl	COM	258622109	1,159	72,352	SH		SOLE		60,126	0	12,226
Doubleline Income Solutions Cl	COM	258622109	1,740	108,590	SH		DFND	1	108,590	0	0
Doubleline Opportunistic Credi	COM	258623107	1,758	92,244	SH		SOLE		88,542	0	3,702
Doubleline Opportunistic Credi	COM	258623107	1,915	100,479	SH		DFND	1	100,479	0	0
DoubleLine Total Return Tactic	SPDR TR TACTIC	78467v848	3,721	75,460	SH		SOLE		55,210	0	20,250
Dow Inc	COM	260557103	2,343	49,807	SH		SOLE		2,827	0	46,980
DuPont de Nemours Inc	COM	26614n102	2,945	53,082	SH		SOLE		2,662	0	50,420
Eaton Vance California Municip	SH BEN INT	27826f101	2,959	222,514	SH		SOLE		200,425	0	22,089
Eaton Vance Floating-Rate Inco	COM	278279104	330	27,744	SH		SOLE		27,364	0	380
Eaton Vance Insured CA Municip	COM	27828a100	1,493	131,421	SH		SOLE		116,946	0	14,475
Eaton Vance Limited Duration I	COM	27828h105	2,793	246,962	SH		SOLE		240,947	0	6,015
Eaton Vance Municipal Bond Fun	COM	27827X101	2,238	169,927	SH		SOLE		129,321	0	40,606
Eaton Vance Municipal Incm 202	SHS	27829U105	966	45,887	SH		SOLE		20,557	0	25,330
Ecolab Inc	COM	278865100	330	1,649	SH		SOLE		1,300	0	349
Edwards Lifesciences Corp	COM	28176e108	1,079	13,521	SH		SOLE		13,141	0	380
Electronic Arts Inc	COM	285512109	303	2,323	SH		SOLE		525	0	1,798
Eli Lilly & Co	COM	532457108	232	1,568	SH		SOLE		945	0	623
Emerson Electric Co	COM	291011104	477	7,278	SH		SOLE		5,119	0	2,159
Enbridge Inc	COM	29250n105	13,738	470,481	SH		SOLE		423,245	0	47,237
Energy Transfer LP	COM UT LTD PTN	29273v100	81	14,949	SH		SOLE		14,949	0	0
Enterprise Products Partners L	COM	293792107	254	16,103	SH		SOLE		13,043	0	3,060
Enterprise Products Partners L	COM	293792107	324	20,500	SH		DFND	1	20,500	0	0
Equity Lifestyle Properties In	COM	29472r108	365	5,947	SH		SOLE		5,204	0	743
Equity Lifestyle Properties In	COM	29472r108	395	6,450	SH		DFND	1	6,450	0	0
Equity Residential	SH BEN INT	29476L107	401	7,809	SH		SOLE		6,925	0	884
Eros STX Global Corp	SHS NEW	g3788m114	25	11,245	SH		SOLE		11,245	0	0
Estee Lauder Companies Inc	CL A	518439104	493	2,261	SH		SOLE		1,569	0	692
Exxon Mobil Corp	COM	30231g102	1,693	49,324	SH		SOLE		44,294	0	5,030
Facebook Inc	CL A	30303m102	226,325	864,167	SH		SOLE		845,698	0	18,469
Fidelity National Information	COM	31620m106	262	1,781	SH		SOLE		724	0	1,057
Financial Select Sector SPDR F	SBI INT-FINL	81369y605	558	23,203	SH		SOLE		23,203	0	0
First American Financial Corp	COM	31847r102	569	11,175	SH		SOLE		10,007	0	1,168
First Trust Senior Floating Ra	COM	33733u108	673	61,354	SH		SOLE		60,266	0	1,088
Fiserv Inc	COM	337738108	2,172	21,074	SH		SOLE		4,376	0	16,698
Flaherty and Crumrine Dynamic	SHS	33848w106	1,214	44,460	SH		SOLE		41,282	0	3,177
Ford Motor Co	COM	345370860	94	14,116	SH		SOLE		12,743	0	1,373
GAMCO Global Gold Natural Reso	COM SH BEN INT	36465a109	73	21,545	SH		SOLE		21,545	0	0
Gaming & Leisure Properties	COM	36467j108	37,115	1,005,020	SH		SOLE		1,002,211	0	2,810
GCI Liberty Inc	COM CLASS A	36164v305	1	14	SH		SOLE		14	0	0
GCI Liberty Inc	COM CLASS A	36164v305	2,843	34,682	SH		DFND	1	34,682	0	0
General Electric Co	COM	369604103	177	28,450	SH		SOLE		20,155	0	8,295
General Mills Inc	COM	370334104	272	4,415	SH		SOLE		3,915	0	500
General Motors Co	COM	37045v100	214	7,240	SH		SOLE		6,850	0	390
Gilead Sciences Inc	COM	375558103	3,837	60,726	SH		SOLE		58,827	0	1,899
Glacier Bancorp Inc	COM	37637Q105	216	6,724	SH		SOLE		6,724	0	0
GlaxoSmithKline PLC	SPONSORED ADR	37733W105	386	10,252	SH		SOLE		10,120	0	132
GlaxoSmithKline PLC	SPONSORED ADR	37733W105	171	4,550	SH		DFND	1	4,550	0	0
Goldman Sachs ActiveBeta Emerging Markets Equity ETF	ACTIVEBETA EME	381430206	1,715	52,303	SH		SOLE		47,023	0	5,280
Goldman Sachs ActiveBeta International Equity ETF	ACTIVEBETA INT	381430107	1,434	50,956	SH		SOLE		45,471	0	5,485
Goldman Sachs ActiveBeta U.S.	ACTIVEBETA US LG	381430503	5,807	85,328	SH		SOLE		77,617	0	7,711
Goldman Sachs ActiveBeta US Sm	ACTIVEBETA US	381430602	300	7,132	SH		SOLE		6,929	0	203
Goldman Sachs Group Inc	COM	38141G104	1,901	9,459	SH		SOLE		8,896	0	562
Guggenheim Build America Bonds	COM	401664107	120	5,104	SH		SOLE		3,999	0	1,105
Guggenheim Build America Bonds	COM	401664107	360	15,264	SH		DFND	1	15,264	0	0
Hewlett Packard Enterprise Com	COM	42824c109	101	10,756	SH		SOLE		8,282	0	2,474
Highland/iBoxx Senior Loan ETF	HI LD IBOXX SRLN	430101774	208	13,197	SH		SOLE		13,197	0	0
Home Depot Inc	COM	437076102	4,216	15,180	SH		SOLE		12,693	0	2,487
Honeywell International Inc	COM	438516106	4,403	26,747	SH		SOLE		22,675	0	4,072
IAMGOLD Corp	COM	450913108	171	44,665	SH		SOLE		44,000	0	665
Illumina Inc	COM	452327109	244	788	SH		SOLE		491	0	297
Intel Corp	COM	458140100	1,165	22,497	SH		SOLE		16,480	0	6,018
IntercontinentalExchange Inc	COM	45866f104	1,722	17,211	SH		SOLE		4,046	0	13,165
International Business Machine	COM	459200101	771	6,339	SH		SOLE		5,282	0	1,057
Intuit Inc	COM	461202103	302	925	SH		SOLE		684	0	241
Intuitive Surgical Inc	COM NEW	46120e602	453	639	SH		SOLE		433	0	206
Invesco Dynamic Credit Opportu	COM	46132r104	703	76,330	SH		SOLE		74,202	0	2,129
Invesco Municipal Opportunity	COM	46132c107	216	17,697	SH		SOLE		12,580	0	5,117
Invesco QQQ Trust Series 1	UNIT SER 1	46090e103	1,937	6,970	SH		SOLE		6,970	0	0
Invesco Quality Municipal Inco	COM	46133G107	549	44,400	SH		SOLE		32,769	0	11,631
Invesco S&P 500 Equal Weight E	S&P500 EQL WGT	46137v357	268	2,483	SH		SOLE		2,483	0	0
Invesco Senior Income Trust	COM	46131h107	601	164,328	SH		SOLE		162,597	0	1,731
Invesco Taxable Municipal Bond	TAXABLE MUN BD	46138g805	217	6,508	SH		SOLE		6,508	0	0
Invesco Value Municipal Income	COM	46132p108	502	34,098	SH		SOLE		25,842	0	8,256
Invesco Van Kampen CA Value Mu	COM	46132h106	2,469	197,704	SH		SOLE		180,231	0	17,473
Invesco Variable Rate Investme	VAR RATE INVT	46090a879	1,177	47,344	SH		SOLE		47,051	0	293
Invitation Homes Inc	COM	46187w107	349	12,483	SH		SOLE		10,899	0	1,584
IQ Enhanced Core Plus Bond US	IQ ENCH COR PL	45409b479	268	13,568	SH		SOLE		13,568	0	0
IQ Merger Arbitrage ETF	IQ MRGR ARB ETF	45409b800	794	23,598	SH		SOLE		23,573	0	25
IQVIA Holdings Inc	COM	46266c105	24,348	154,461	SH		SOLE		139,668	0	14,793
iShares Barclays CMBS Bond	CMBS ETF	46429b366	802	14,449	SH		SOLE		13,453	0	996
iShares Core MSCI EAFE ETF	CORE MSCI EAFE	46432f842	2,198	36,455	SH		SOLE		33,699	0	2,756
iShares Core MSCI Emerging Markets ETF	CORE MSCI EMKT	46434g103	1,656	31,359	SH		SOLE		31,319	0	40
iShares Core S&P Small-Cap ETF	CORE S&P SCP ETF	464287804	266	3,787	SH		SOLE		3,715	0	72
iShares Core S&P Total US Stoc	CORE S&P TTL STK	464287150	2,485	32,923	SH		SOLE		31,569	0	1,354
iShares Core U.S. Aggregate Bo	CORE US AGGBD ET	464287226	8,620	73,012	SH		SOLE		69,993	0	3,019
iShares DJ Select Dividend Ind	SELECT DIVID ETF	464287168	206	2,525	SH		SOLE		1,975	0	550
iShares Edge MSCI Multifactor	MSCI USA MULTIFT	46434v282	2,543	76,586	SH		SOLE		69,129	0	7,457
iShares Global REIT ETF	GLOBAL REIT ETF	46434v647	1,523	72,406	SH		SOLE		66,844	0	5,562
iShares Gold Trust	ISHARES	464285105	106,196	5,903,082	SH		SOLE		5,406,405	0	496,677
iShares Iboxx $ Invest Grade C	IBOXX INV CP ETF	464287242	1,312	9,737	SH		SOLE		8,967	0	770
iShares Iboxx High Yield Corpo	IBOXX HI YD ETF	464288513	455	5,420	SH		SOLE		5,027	0	393
iShares MSCI EAFE ETF	MSCI EAFE ETF	464287465	322	5,063	SH		SOLE		4,204	0	859
iShares MSCI Emerging Markets ETF	MSCI EMG MKT ETF	464287234	291	6,599	SH		SOLE		5,583	0	1,016
iShares MSCI KLD 400 Social Id	MSCI KLD400 SOC	464288570	297	2,323	SH		SOLE		2,323	0	0
iShares Russell 1000 Growth In	RUS 1000 GRW ETF	464287614	707	3,259	SH		SOLE		3,259	0	0
iShares Russell 1000 Value Ind	RUS 1000 VAL ETF	464287598	303	2,567	SH		SOLE		2,567	0	0
iShares Russell Mid Cap Index	RUS MID CAP ETF	464287499	454	7,919	SH		SOLE		7,745	0	174
iShares S&P 500 Index Fund	CORE S&P500 ETF	464287200	14,636	43,552	SH		SOLE		41,983	0	1,569
iShares S&P California Municip	CALIF MUN BD ETF	464288356	12,051	193,153	SH		SOLE		167,089	0	26,064
iShares S&P S/T Nationall AMT-	SHRT NAT MUN ETF	464288158	336	3,110	SH		SOLE		3,110	0	0
iShares Silver Trusts	ISHARES	46428q109	401	18,516	SH		SOLE		18,469	0	47
Johnson & Johnson	COM	478160104	4,348	29,202	SH		SOLE		22,286	0	6,917
JPMorgan Alerian MLP Index ETN	ALERIAN ML ETN	46625h365	754	69,988	SH		SOLE		69,034	0	954
JPMorgan Chase & Co	COM	46625h100	20,066	208,438	SH		SOLE		190,585	0	17,853
JPMorgan Ultra-Short Income ET	ULTRA SHRT INC	46641Q837	48,341	951,683	SH		SOLE		925,782	0	25,901
JPMorgan Ultra-Short Income ET	ULTRA SHRT INC	46641Q837	545	10,725	SH		DFND	1	10,725	0	0
Kayne Anderson Midstream/Energ	COM	48661e108	1,106	274,456	SH		SOLE		258,763	0	15,693
Kayne Anderson MLP/Midstream I	COM	486606106	2,092	524,265	SH		SOLE		484,187	0	40,078
Keysight Technologies Inc	COM	49338l103	377	3,820	SH		SOLE		2,125	0	1,695
Kimberly-Clark Corp	COM	494368103	237	1,605	SH		SOLE		1,370	0	235
Kinder Morgan Inc	COM	49456B101	171	13,859	SH		SOLE		11,700	0	2,159
KKR & Co Inc	COM	48251w104	17	500	SH		SOLE		500	0	0
KKR & Co Inc	COM	48251w104	755	22,000	SH		DFND	1	22,000	0	0
Lam Research Corp	COM	512807108	626	1,888	SH		SOLE		1,805	0	83
Las Vegas Sands Corp	COM	517834107	770	16,504	SH		SOLE		15,901	0	603
Lennar Corp Cl B	CL B	526057302	14,820	225,706	SH		SOLE		206,355	0	19,351
Liberty Broadband Corp Com Cl	COM SER C	530307305	17,162	120,120	SH		SOLE		110,068	0	10,052
Liberty Media Corp-Liberty For	COM SER A FRMLA	531229870	172	5,133	SH		SOLE		5,133	0	0
Liberty Media Corp-Liberty For	COM SER A FRMLA	531229870	3,188	95,136	SH		DFND	1	95,136	0	0
Lockheed Martin Corp	COM	539830109	1,691	4,411	SH		SOLE		3,798	0	613
Lowe's Companies Inc	COM	548661107	44,779	269,984	SH		SOLE		241,219	0	28,764
Lululemon Athletica Inc	COM	550021109	349	1,060	SH		SOLE		648	0	412
Lumen Technologies	COM	156700106	5,033	498,848	SH		SOLE		453,224	0	45,624
Lumen Technologies	COM	156700106	2,934	290,779	SH		DFND	1	290,779	0	0
Lyft Inc	CL A COM	55087p104	4,052	147,061	SH		SOLE		133,867	0	13,194
MarketAxess Holdings Inc	COM	57060d108	210	437	SH		SOLE		409	0	28
Marsh & McLennan Cos Inc	COM	571748102	315	2,748	SH		SOLE		2,655	0	93
Martin Marietta Materials Inc	COM	573284106	1,116	4,740	SH		SOLE		4,371	0	369
Mastercard Inc	CL A	57636q104	44,235	130,808	SH		SOLE		118,513	0	12,295
Match Group Inc	COM	57667l107	291	2,627	SH		SOLE		1,098	0	1,529
McDonald's Corp	COM	580135101	3,166	14,424	SH		SOLE		9,085	0	5,339
McKesson Corp	COM	58155Q103	259	1,737	SH		SOLE		1,382	0	355
Medtronic PLC	SHS	g5960l103	28,758	276,731	SH		SOLE		237,096	0	39,635
Medtronic PLC	SHS	g5960l103	857	8,250	SH		DFND	1	8,250	0	0
Merck & Co Inc	COM	58933Y105	1,442	17,390	SH		SOLE		14,895	0	2,495
MFS Multi-Market	SH BEN INT	552737108	2,562	455,807	SH		SOLE		428,287	0	27,520
Microchip Technology Inc	COM	595017104	276	2,688	SH		SOLE		2,541	0	147
Microsoft Corp	COM	594918104	267,395	1,271,313	SH		SOLE		1,228,683	0	42,631
Mondelez International Inc	CL A	609207105	749	13,040	SH		SOLE		12,357	0	683
Motorola Solutions Inc	COM NEW	620076307	316	2,017	SH		SOLE		497	0	1,520
National Oilwell Varco Inc	COM	637071101	108	11,923	SH		SOLE		10,779	0	1,144
Netflix Inc	COM	64110l106	1,229	2,458	SH		SOLE		2,096	0	362
Neuberger Berman CA Interm Mu	COM	64123c101	2,194	169,535	SH		SOLE		143,285	0	26,250
New America High Income Fund	COM NEW	641876800	2,242	274,056	SH		SOLE		261,563	0	12,492
NexPoint Strategic Opportuniti	COM NEW	65340g205	261	30,131	SH		SOLE		29,000	0	1,131
NextEra Energy Inc	COM	65339F101	940	3,388	SH		SOLE		2,915	0	473
Nextpoint Residential Trust	COM	65341d102	715	16,111	SH		SOLE		0	0	16,111
NIKE Inc	CL B	654106103	1,353	10,778	SH		SOLE		7,079	0	3,699
Norfolk Southern Corp	COM	655844108	911	4,255	SH		SOLE		1,164	0	3,091
Novartis AG	SPONSORED ADR	66987V109	890	10,237	SH		SOLE		9,296	0	941
Novartis AG	SPONSORED ADR	66987V109	661	7,600	SH		DFND	1	7,600	0	0
Nuveen Amt-Free Municipal Inco	COM	670657105	478	33,331	SH		SOLE		18,196	0	15,135
Nuveen Build America Bond Fund	COM	67074c103	4,041	180,381	SH		SOLE		170,410	0	9,971
Nuveen CA Muni Value Fund	COM	67062C107	7,480	693,903	SH		SOLE		618,482	0	75,421
Nuveen CA Sel Tax Free Income	SH BEN INT	67063r103	1,545	96,485	SH		SOLE		93,270	0	3,215
Nuveen California AMT-Free Qua	COM	670651108	2,730	178,782	SH		SOLE		152,060	0	26,722
Nuveen California Quality Muni	COM	67066y105	5,810	399,071	SH		SOLE		347,555	0	51,516
Nuveen Credit Strategies Incom	COM SHS	67073d102	1,730	292,655	SH		SOLE		290,983	0	1,672
Nuveen Enhanced AMT-Free Muni	COM	67071l106	338	21,609	SH		SOLE		19,069	0	2,540
Nuveen Enhanced Municipal Cred	COM SH BEN INT	67070x101	198	13,505	SH		SOLE		13,505	0	0
Nuveen Intermediate Duration M	COM	670671106	193	14,458	SH		SOLE		10,840	0	3,618
Nuveen Intermediate Duration Q	COM	670677103	182	12,771	SH		SOLE		12,771	0	0
Nuveen Preferred Income Opport	COM	67073b106	328	38,648	SH		SOLE		38,648	0	0
Nuveen Quality Municipal Incom	COM	67066v101	309	21,265	SH		SOLE		17,793	0	3,472
Nuveen Quality Preferred Incom	COM	67072C105	159	18,043	SH		SOLE		18,043	0	0
Nuveen Real Asset Income and G	COM	67074y105	183	15,197	SH		SOLE		14,923	0	274
NVIDIA Corp	COM	67066g104	1,242	2,295	SH		SOLE		1,626	0	669
Oaktree Specialty Lending Corp	COM	67401p108	250	51,680	SH		SOLE		51,680	0	0
Oaktree Strategic Income Corp	COM	67402d104	190	29,117	SH		SOLE		29,117	0	0
Oaktree Strategic Income Corp	COM	67402d104	196	30,103	SH		DFND	1	30,103	0	0
Oracle Corp	COM	68389X105	625	10,470	SH		SOLE		5,957	0	4,513
O'Shares Global Internet Giant	OSHS GBL INTER	67110p704	408	9,250	SH		SOLE		9,250	0	0
Oxford Square Capital Corp	COM	69181v107	25	10,126	SH		SOLE		10,126	0	0
PACCAR Inc	COM	693718108	352	4,125	SH		SOLE		4,000	0	125
Paychex Inc	COM	704326107	249	3,124	SH		SOLE		2,543	0	581
PayPal Holdings Inc	COM	70450y103	1,475	7,487	SH		SOLE		4,471	0	3,016
PCM Fund Inc	COM	69323T101	1,059	104,634	SH		SOLE		102,786	0	1,848
PepsiCo Inc	COM	713448108	1,809	13,055	SH		SOLE		10,659	0	2,396
Pershing Square Tontine Holdin	COM CL A	71531r109	8,956	394,710	SH		SOLE		363,342	0	31,368
Pershing Square Tontine Holdin	COM CL A	71531r109	1,134	50,000	SH		DFND	1	50,000	0	0
Pfizer Inc	COM	717081103	22,720	619,061	SH		SOLE		492,792	0	126,269
PG&E Corp	COM	69331c108	6	600	SH		SOLE		600	0	0
PG&E Corp	COM	69331c108	903	96,150	SH		DFND	1	96,150	0	0
PGIM High Yield Bond Fund Inc	COM	69346H100	93	6,714	SH		SOLE		6,714	0	0
PGIM High Yield Bond Fund Inc	COM	69346H100	1,366	98,900	SH		DFND	1	98,900	0	0
Philip Morris International In	COM	718172109	22,775	303,704	SH		SOLE		283,536	0	20,168
Philip Morris International In	COM	718172109	980	13,065	SH		DFND	1	13,065	0	0
PICO Holdings Inc	COM NEW	693366205	2,523	281,643	SH		SOLE		199,995	0	81,648
PICO Holdings Inc	COM NEW	693366205	5,843	652,122	SH		DFND	1	652,122	0	0
PIMCO Active Bond ETF	ACTIVE BD ETF	72201r775	1,037	9,223	SH		SOLE		3,295	0	5,928
PIMCO Corporate & Income Oppor	COM	72201b101	338	20,943	SH		SOLE		20,943	0	0
PIMCO Dynamic Credit and Mortg	COM SHS	72202d106	3,094	154,076	SH		SOLE		137,443	0	16,633
PIMCO Dynamic Credit and Mortg	COM SHS	72202d106	2,360	117,510	SH		DFND	1	117,510	0	0
PIMCO Dynamic Income Fund	SHS	72201y101	388	15,301	SH		SOLE		15,151	0	150
PIMCO Energy & Tactical Credit	COM SHS BEN INT	69346n107	3,956	639,148	SH		SOLE		550,685	0	88,464
PIMCO Enhanced Short Maturity	ENHAN SHRT MA AC	72201r833	4,369	42,851	SH		SOLE		42,314	0	537
PIMCO Income Strategy Fund II	COM	72201j104	467	51,429	SH		SOLE		50,299	0	1,130
PIMCO Municipal Income Fund II	COM	72200w106	413	30,591	SH		SOLE		30,591	0	0
PNC Financial Services Group I	COM	693475105	710	6,460	SH		SOLE		5,731	0	729
PNC Financial Services Group I	COM	693475105	209	1,900	SH		DFND	1	1,900	0	0
Point Bridge Gop Stock Tracker	POINT BRIDGE GOP	26922a628	1,963	77,000	SH		SOLE		77,000	0	0
Procter & Gamble Co	COM	742718109	3,474	24,996	SH		SOLE		22,338	0	2,658
Prologis Inc	COM	74340w103	258	2,569	SH		SOLE		1,531	0	1,038
Prospect Capital Corp	COM	74348t102	65	12,947	SH		SOLE		12,947	0	0
Public Storage	COM	74460d109	2,182	9,796	SH		SOLE		4,028	0	5,768
QUALCOMM Inc	COM	747525103	19,854	168,713	SH		SOLE		146,497	0	22,216
Raytheon Technologies Corp	COM	75513e101	913	15,872	SH		SOLE		10,996	0	4,876
Realty Income Corp	COM	756109104	352	5,797	SH		SOLE		5,593	0	204
Reaves Utility Income Fund	COM SH BEN INT	756158101	428	13,682	SH		SOLE		12,903	0	779
Republic Services Inc	COM	760759100	342	3,660	SH		SOLE		3,234	0	426
Retail Opportunity Investments	COM	76131n101	856	82,181	SH		SOLE		80,416	0	1,765
Rexford Industrial Realty Inc	COM	76169C100	12,358	270,059	SH		SOLE		233,915	0	36,144
RiverNorth/DoubleLine Strategi	COM	76882G107	631	46,000	SH		SOLE		44,228	0	1,772
RiverNorth/DoubleLine Strategi	COM	76882G107	3,967	289,155	SH		DFND	1	289,155	0	0
RLI Corp	COM	749607107	267	3,183	SH		SOLE		3,183	0	0
Robert Half International Inc	COM	770323103	241	4,551	SH		SOLE		0	0	4,551
Rockwell Automation Inc	COM	773903109	918	4,159	SH		SOLE		3,289	0	870
Royce Micro Capital Trust Inc	COM	780915104	156	20,326	SH		SOLE		20,325	0	1
S&P Global Inc	COM	78409v104	2,331	6,465	SH		SOLE		1,725	0	4,740
salesforce.com Inc	COM	79466l302	25,483	101,398	SH		SOLE		91,454	0	9,944
Sanofi	SPONSORED ADR	80105n105	14	284	SH		SOLE		150	0	134
Sanofi	SPONSORED ADR	80105n105	193	3,850	SH		DFND	1	3,850	0	0
Schwab Large Cap Blend - ETF	US LRG CAP ETF	808524201	349	4,329	SH		SOLE		4,329	0	0
Schwab US Dividend Equity ETF	US DIVIDEND EQ	808524797	246	4,453	SH		SOLE		4,453	0	0
Sempra Energy	COM	816851109	239	2,022	SH		SOLE		1,900	0	122
Service Now Inc	COM	81762p102	323	665	SH		SOLE		426	0	239
Sherwin-Williams Co/The	COM	824348106	280	402	SH		SOLE		400	0	2
Skyworks Solutions Inc	COM	83088m102	1,409	9,686	SH		SOLE		2,220	0	7,466
Snap Inc	CL A	83304a106	2,717	104,048	SH		SOLE		35	0	104,013
Sony Corp ADR	SPONSORED ADR	835699307	9,983	130,074	SH		SOLE		118,911	0	11,163
Southwest Airlines Co	COM	844741108	330	8,809	SH		SOLE		8,469	0	340
SPDR Gold Trust	GOLD SHS	78463v107	3,478	19,634	SH		SOLE		19,572	0	62
SPDR Portfolio World ex- US ETF	PORTFOLIO DEVLPD	78463x889	362	12,382	SH		SOLE		0	0	12,382
SPDR S&P 500 ETF Unit Trust	TR UNIT	78462f103	15,403	45,995	SH		SOLE		45,060	0	936
SPDR S&P Dividend ETF	S&P DIVID ETF	78464A763	277	2,995	SH		SOLE		2,995	0	0
SPDR S&P Global Infrastructure	S&P GBLINF ETF	78463x855	1,994	44,851	SH		SOLE		42,043	0	2,808
SPDR SSgA Global Allocation ET	GLOBL ALLO ETF	78467V400	2,249	57,754	SH		SOLE		53,375	0	4,379
STAG Industrial Inc	COM	85254j102	365	11,986	SH		SOLE		9,729	0	2,257
Starbucks Corp	COM	855244109	12,085	140,653	SH		SOLE		124,755	0	15,898
Starwood Property Trust Inc	COM	85571b105	838	55,537	SH		SOLE		53,172	0	2,365
Sterling Bancorp	COM	85917a100	1,951	185,420	SH		SOLE		185,371	0	49
Stryker Corp	COM	863667101	138	661	SH		SOLE		500	0	161
Stryker Corp	COM	863667101	94	450	SH		DFND	1	450	0	0
Synopsys Inc	COM	871607107	244	1,139	SH		SOLE		950	0	189
Sysco Corp	COM	871829107	365	5,860	SH		SOLE		5,541	0	319
Taiwan Semiconductor Manufactu	SPONSORED ADS	874039100	10,525	129,821	SH		SOLE		115,787	0	14,034
Tandy Leather Factory Inc	COM	87538x105	134	42,086	SH		SOLE		40,571	0	1,515
Tandy Leather Factory Inc	COM	87538x105	79	24,848	SH		DFND	1	24,848	0	0
Tanzanian Gold Corp	COM	87601a107	82	117,371	SH		SOLE		117,371	0	0
Target Corp	COM	87612e106	615	3,909	SH		SOLE		3,240	0	669
TCW Strategic Income Fund Inc	COM	872340104	5,547	987,002	SH		SOLE		924,759	0	62,243
TCW Strategic Income Fund Inc	COM	872340104	223	39,710	SH		DFND	1	39,710	0	0
Technology Select Sector SPDR	TECHNOLOGY	81369y803	458	3,923	SH		SOLE		3,923	0	0
Tesla Motors Inc	COM	88160r101	2,625	6,118	SH		SOLE		4,715	0	1,403
Texas Instruments Inc	COM	882508104	13,908	97,403	SH		SOLE		88,759	0	8,644
Texas Pacific Land Trust	SUB CTF PROP I T	882610108	60	133	SH		SOLE		133	0	0
Texas Pacific Land Trust	SUB CTF PROP I T	882610108	2,646	5,860	SH		DFND	1	5,860	0	0
Thermo Fisher Scientific Inc	COM	883556102	847	1,919	SH		SOLE		1,259	0	660
TJX Companies Inc	COM	872540109	15,581	279,989	SH		SOLE		256,472	0	23,517
Tortoise North American Pipeli	TORTOISE NRAM PI	56167n720	345	23,060	SH		SOLE		23,060	0	0
Uber Technologies Inc	COM	90353t100	17,320	474,778	SH		SOLE		433,979	0	40,799
Uber Technologies Inc	COM	90353t100	881	24,150	SH		DFND	1	24,150	0	0
Unilever PLC	SPON ADR NEW	904767704	394	6,390	SH		SOLE		5,393	0	997
Union Pacific Corp	COM	907818108	648	3,293	SH		SOLE		3,104	0	189
United Parcel Service Inc	CL B	911312106	27,732	166,428	SH		SOLE		165,564	0	864
UnitedHealth Group Inc	COM	91324p102	14,024	44,982	SH		SOLE		40,505	0	4,477
VanEck Vectors Morningstar Wid	MORNINGSTAR WIDE	92189f643	1,900	34,801	SH		SOLE		30,379	0	4,422
Vanguard FTSE Emerging Markets ETF	FTSE EMR MKT ETF	922042858	628	14,532	SH		SOLE		719	0	13,813
Vanguard Growth ETF	GROWTH ETF	922908736	661	2,905	SH		SOLE		2,815	0	90
Vanguard Intermediate-Term Bon	INTERMED TERM	921937819	225	2,405	SH		SOLE		2,405	0	0
Vanguard Intermediate-Term Cor	INT-TERM CORP	92206c870	5,411	56,487	SH		SOLE		56,269	0	218
Vanguard Mid Cap ETF	MID CAP ETF	922908629	3,415	19,374	SH		SOLE		19,374	0	0
Vanguard Mortgage-Backed Secur	MORTG-BACK SEC	92206c771	3,604	66,409	SH		SOLE		64,919	0	1,490
Vanguard REIT ETF	REAL ESTATE ETF	922908553	3,121	39,530	SH		SOLE		36,849	0	2,681
Vanguard S&P 500 ETF	S&P 500 ETF SHS	922908363	6,606	21,473	SH		SOLE		21,473	0	0
Vanguard S&P Small-Cap 600 ETF	SMLLCP 600 IDX	921932828	1,752	13,566	SH		SOLE		13,566	0	0
Vanguard Short Term Corporate	SHRT TRM CORP BD	92206c409	911	10,999	SH		SOLE		10,999	0	0
Vanguard Total Stock Market ET	TOTAL STK MKT	922908769	612	3,595	SH		SOLE		3,595	0	0
Vanguard Value ETF	VALUE ETF	922908744	265	2,539	SH		SOLE		2,539	0	0
Veeva Systems Inc	CL A COM	922475108	275	978	SH		SOLE		957	0	21
Vereit Inc	COM	92339v100	52,435	8,066,955	SH		SOLE		7,144,151	0	922,804
Vereit Inc	COM	92339v100	1,617	248,694	SH		DFND	1	248,694	0	0
Verizon Communications Inc	COM	92343v104	1,249	20,993	SH		SOLE		16,842	0	4,151
Visa Inc	COM CL A	92826C839	21,509	107,559	SH		SOLE		93,423	0	14,135
Voya Prime Rate Trust	SH BEN INT	92913a100	514	116,561	SH		SOLE		115,156	0	1,405
Vulcan Materials Co	COM	929160109	1,411	10,409	SH		SOLE		2,183	0	8,226
Wal-Mart Stores Inc	COM	931142103	1,533	10,957	SH		SOLE		9,181	0	1,776
Walt Disney Co	COM DISNEY	254687106	45,635	367,791	SH		SOLE		333,093	0	34,698
Walt Disney Co	COM DISNEY	254687106	0	0	SH		DFND	1	0	0	0
Waste Management Inc	COM	94106L109	946	8,358	SH		SOLE		2,258	0	6,100
Wells Fargo & Co	COM	949746101	405	17,227	SH		SOLE		16,454	0	773
Wells Fargo & Co New Perp Pfd	PERP PFD CNV A	949746804	4,385	3,268	SH		SOLE		3,123	0	145
Wells Fargo Multi-Sector Incom	COM	94987D101	240	22,325	SH		SOLE		18,145	0	4,180
Williams Companies Inc	COM	969457100	271	13,766	SH		SOLE		11,917	0	1,849
WisdomTree Floating Rate Treas	FLOATNG RAT TREA	97717x628	225	8,977	SH		SOLE		8,977	0	0
WisdomTree U.S. Quality Divide	US QTLY DIV GRT	97717X669	346	6,986	SH		SOLE		6,986	0	0
WisdomTree Yield Enhanced US A	YIELD ENHANCD US	97717x511	1,047	19,455	SH		SOLE		17,705	0	1,750
Woodward Inc	COM	980745103	482	6,008	SH		SOLE		6,000	0	8
Workday Inc	CL A	98138h101	255	1,184	SH		SOLE		1,157	0	27
Yum! Brands Inc	COM	988498101	699	7,658	SH		SOLE		6,807	0	851
Zebra Technologies Corp	CL A	989207105	486	1,924	SH		SOLE		415	0	1,509
Zimmer Biomet Holdings Inc	COM	98956p102	212	1,560	SH		SOLE		1,470	0	90
Zimmer Biomet Holdings Inc	COM	98956p102	123	900	SH		DFND	1	900	0	0
Zoetis Inc.	CL A	98978v103	352	2,130	SH		SOLE		1,005	0	1,125