Fca 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

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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
1st Century Bancshrs Inc	COM	31943X102	125	18,150	SH		SOLE		0	0	18,150
3M Co	COM	88579Y101	2,411	16,002	SH		SOLE		0	0	16,002
ABB Ltd	ADR	000375204	1,708	96,355	SH		SOLE		0	0	96,355
AECOM TECHNOLOGY	COM	00766T100	210	7,000	SH		DFND		7,000	0	0
AGCO CORP	COM	001084102	227	5,000	SH		DFND		5,000	0	0
Allstate Corp	COM	020002101	1,613	25,981	SH		SOLE		0	0	25,981
Amgen Inc	COM	031162100	2,936	18,084	SH		SOLE		0	0	18,084
Analog Devices Inc	ADR	032654105	1,836	33,195	SH		SOLE		0	0	33,195
Apple Inc	COM	037833100	208	1,975	SH		SOLE		0	0	1,975
Artesian Resource Corp	COM	043113208	2,086	75,317	SH		SOLE		0	0	75,317
Bank of America Corporation	COM	060505104	303	17,988	SH		SOLE		0	0	17,988
BIG 5 SPORTING GOODS CORP	COM	08915P101	400	40,000	SH		DFND		40,000	0	0
BlackRock Intern l Grth & Inc Common	COM	092524107	1,759	281,921	SH		SOLE		0	0	281,921
BlackRock MuniYield Qty III	COM	09254E103	1,064	72,247	SH		SOLE		0	0	72,247
BOK Financial Corp	COM	05561Q201	224	3,751	SH		SOLE		0	0	3,751
CAL-MAINE FOODS	COM	128030202	269	5,800	SH		DFND		5,800	0	0
CALPINE CORP	COM	131347304	289	20,000	SH		DFND		20,000	0	0
CEMEX SAB-SP ADR	ADR	151290889	148	26,605	SH		DFND		26,605	0	0
Chase Corp	COM	16150R104	3,639	89,345	SH		SOLE		0	0	89,345
Cimarex Energy Co	COM	171798101	2,472	27,661	SH		SOLE		0	0	27,661
Coca-Cola Co	COM	191216100	326	7,588	SH		SOLE		0	0	7,588
CONMED CORPORATION	COM	207410101	441	10,000	SH		DFND		10,000	0	0
Consumer Discret Sel Sect SPDR® ETF	COM	81369Y407	3,568	45,652	SH		SOLE		0	0	45,652
Consumer Staples Select Sector SPDR® ETF	COM	81369Y308	4,507	89,275	SH		SOLE		0	0	89,275
Csi Compressco Lp Com Unit	COM	12637A103	936	82,089	SH		SOLE		0	0	82,089
DENTSPLY INTL	COM	249030107	529	8,700	SH		DFND		8,700	0	0
Energy Select Sector SPDR® ETF	COM	81369Y506	2,529	41,929	SH		SOLE		0	0	41,929
Enterprise Products Partners LP	COM	293792107	2,188	85,552	SH		SOLE		0	0	85,552
Everest Re Group Ltd	COM	G3223R108	2,259	12,341	SH		SOLE		0	0	12,341
Exxon Mobil Corporation	COM	30231G102	2,906	37,285	SH		SOLE		0	0	37,285
First Financial Bankshares Inc	COM	32020R109	208	6,900	SH		SOLE		0	0	6,900
Ford Motor Co	COM	345370860	1,376	97,646	SH		SOLE		0	0	97,646
Guggenheim BulletShrs 2018 Corp Bd ETF	COM	18383M530	593	28,216	SH		SOLE		0	0	28,216
Guggenheim BulletShrs 2018 HY CorpBd ETF	COM	18383M381	4,155	175,613	SH		SOLE		0	0	175,613
Guggenheim BulletShrs 2020 Corp Bd ETF	COM	18383M514	522	24,981	SH		SOLE		0	0	24,981
Guggenheim S&P 500 Eq Weight HC ETF	COM	78355W841	3,498	22,793	SH		SOLE		0	0	22,793
Guggenheim S&P 500 Equal Weight ETF	COM	78355W106	3,461	45,158	SH		SOLE		0	0	45,158
Ingles Markets Inc	COM	457030104	3,899	88,443	SH		SOLE		0	0	88,443
INTERCONTINENTAL HOTELS	COM	45857P509	210	5,414	SH		DFND		5,414	0	0
Invesco Muni Opps. Trust Common	COM	46132C107	971	73,695	SH		SOLE		0	0	73,695
iShares Cali AMT-Free Muni Bond	COM	464288356	513	4,344	SH		SOLE		0	0	4,344
iShares Cohen & Steers REIT	COM	464287564	3,141	31,649	SH		SOLE		0	0	31,649
iShares Core S&P Mid-Cap	COM	464287507	2,600	18,666	SH		SOLE		0	0	18,666
iShares Core US Aggregate Bond	COM	464287226	445	4,121	SH		SOLE		0	0	4,121
iShares Floating Rate Bond	COM	46429B655	4,873	96,615	SH		SOLE		0	0	96,615
iShares Global Healthcare	COM	464287325	3,319	32,342	SH		SOLE		0	0	32,342
iShares iBoxx $ Invst Grade Crp Bond	COM	464287242	312	2,740	SH		SOLE		0	0	2,740
iShares MBS	COM	464288588	307	2,852	SH		SOLE		0	0	2,852
ISHARES MSCI AC ASIA	COM	464288182	427	8,000	SH		DFND		8,000	0	0
iShares MSCI EAFE	COM	464287465	8,159	138,950	SH		SOLE		0	0	138,950
iShares MSCI EAFE Small-Cap	COM	464288273	2,658	53,206	SH		SOLE		0	0	53,206
iShares MSCI EMU	COM	464286608	1,590	45,363	SH		SOLE		0	0	45,363
iShares National AMT-Free Muni Bond	COM	464288414	1,237	11,177	SH		SOLE		0	0	11,177
iShares Russell 1000	COM	464287622	1,127	9,950	SH		SOLE		0	0	9,950
iShares Russell 2000	COM	464287655	1,078	9,570	SH		SOLE		0	0	9,570
iShares Russell Mid-Cap	COM	464287499	1,102	6,878	SH		SOLE		0	0	6,878
iShares Select Dividend	COM	464287168	2,988	39,765	SH		SOLE		0	0	39,765
J.C. PENNEY CO	COM	708160106	147	22,000	SH		DFND		22,000	0	0
JAMES HARDIE IND PLC ADR	ADR	47030M106	317	25,000	SH		DFND		25,000	0	0
JH Financial Opportunities Common	COM	409735206	3,068	109,465	SH		SOLE		0	0	109,465
Johnson & Johnson	COM	478160104	2,570	25,023	SH		SOLE		0	0	25,023
KVH INDUSTRIES	ADR	482738101	283	30,000	SH		DFND		30,000	0	0
LIFEPOINT HOSPIT	COM	53219L109	367	5,000	SH		DFND		5,000	0	0
LLOYDS BANKING GROUP PLC	COM	539439109	92	21,000	SH		DFND		21,000	0	0
Lowe s Companies Inc	COM	548661107	3,005	39,519	SH		SOLE		0	0	39,519
MARKET VECTORS AFRICA	COM	57060U787	184	10,340	SH		DFND		10,340	0	0
MetLife Inc	COM	59156R108	1,854	38,448	SH		SOLE		0	0	38,448
MILLER IND INC/TENN	COM	600551204	229	10,500	SH		DFND		10,500	0	0
National Western Life Insurance	COM	638517102	2,440	9,683	SH		SOLE		0	0	9,683
NETAPP INC	COM	64110D104	239	9,000	SH		DFND		9,000	0	0
NORFOLK SOUTHERN	COM	655844108	296	3,500	SH		DFND		3,500	0	0
NORTHWEST NAT GS	COM	667655104	354	7,000	SH		DFND		7,000	0	0
NorthWestern Corp	COM	668074305	2,246	41,408	SH		SOLE		0	0	41,408
Novartis AG	ADR	66987V109	2,459	28,579	SH		SOLE		0	0	28,579
Nuveen Intermediate Duration Muni Term	COM	670671106	1,438	111,805	SH		SOLE		0	0	111,805
PIMCO Enhanced Short Maturity ETF	COM	72201R833	5,197	51,650	SH		SOLE		0	0	51,650
PowerShares Global Water ETF	COM	73936T623	2,640	126,132	SH		SOLE		0	0	126,132
PROCTER & GAMBLE	COM	742718109	278	3,500	SH		DFND		3,500	0	0
PUB SERV ENTERP	COM	744573106	310	8,000	SH		DFND		8,000	0	0
Qualcomm Inc	COM	747525103	230	4,609	SH		SOLE		0	0	4,609
RGC Resources	COM	74955L103	528	24,770	SH		SOLE		0	0	24,770
Royce Micro Cap Trust Common	COM	780915104	1,742	239,884	SH		SOLE		0	0	239,884
Royce Value Trust Common	COM	780910105	2,684	228,028	SH		SOLE		0	0	228,028
Schwab International Equity ETF	COM	808524805	321	11,644	SH		SOLE		0	0	11,644
Schwab US Aggregate Bond ETF	COM	808524839	661	12,837	SH		SOLE		0	0	12,837
Schwab US Mid-Cap ETF	COM	808524508	406	10,134	SH		SOLE		0	0	10,134
Schwab US Small-Cap ETF	COM	808524607	390	7,484	SH		SOLE		0	0	7,484
Southern Co	COM	842587107	2,473	52,851	SH		SOLE		0	0	52,851
SPDR Barclays Short Term Corp Bd ETF	COM	78464A474	5,088	167,381	SH		SOLE		0	0	167,381
SPDR Morgan Stanley Technology ETF	COM	78464A102	2,702	49,969	SH		SOLE		0	0	49,969
SPDR S&P 500 ETF	COM	78462F103	302	1,480	SH		SOLE		0	0	1,480
SPDR S&P MidCap 400 ETF	COM	78467Y107	361	1,423	SH		SOLE		0	0	1,423
Stryker Corporation	COM	863667101	2,170	23,349	SH		SOLE		0	0	23,349
Twenty-First Century Fox Inc	COM	90130A101	290	10,674	SH		SOLE		0	0	10,674
UDR Inc	COM	902653104	374	9,951	SH		SOLE		0	0	9,951
Valmont Industries Inc	COM	920253101	2,106	19,867	SH		SOLE		0	0	19,867
Vanguard Consumer Discretionary ETF	COM	92204A108	256	2,087	SH		SOLE		0	0	2,087
Vanguard Energy ETF	COM	92204A306	243	2,918	SH		SOLE		0	0	2,918
Vanguard FTSE Emerging Markets ETF	COM	922042858	457	13,970	SH		SOLE		0	0	13,970
Vanguard FTSE Europe ETF	COM	922042874	1,799	36,061	SH		SOLE		0	0	36,061
Vanguard Information Technology ETF	COM	92204A702	2,563	23,665	SH		SOLE		0	0	23,665
Vanguard S&P 500 ETF	COM	922908363	283	1,512	SH		SOLE		0	0	1,512
Vanguard Total Bond Market ETF	COM	921937835	387	4,790	SH		SOLE		0	0	4,790
Verizon Communication	COM	92343V104	234	5,071	SH		DFND		5,071	0	0
Voya Asia Pacific High Dividend Eq Inc	COM	92912J102	1,312	145,299	SH		SOLE		0	0	145,299
WELLS FARGO & CO	COM	949746101	326	6,000	SH		DFND		6,000	0	0
Western Asset Glb Corp Def Opp Common	COM	95790C107	3,893	246,395	SH		SOLE		0	0	246,395
Western Asset High Income Opp	COM	95766K109	3,531	752,842	SH		SOLE		0	0	752,842
WGL Holdings Inc	COM	92924F106	3,026	48,040	SH		SOLE		0	0	48,040
Williams Companies Inc	COM	969457100	2,088	81,233	SH		SOLE		0	0	81,233
Wpx Energy Inc	COM	98212B103	132	22,944	SH		SOLE		0	0	22,944