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
3M Co	COM	88579Y101	3,416	17,856	SH		SOLE		0	0	17,856
Aetna Inc	COM	00817Y108	1,550	12,150	SH		SOLE		0	0	12,150
Alexandria Real	COM	015271109	204	1,850	SH		DFND		1,850	0	0
Allstate Corp	COM	020002101	2,057	25,241	SH		SOLE		0	0	25,241
American Tower-A	COM	03027X100	304	2,500	SH		DFND		2,500	0	0
Amgen Inc	COM	031162100	2,968	18,087	SH		SOLE		0	0	18,087
Annaly Capital Management	COM	035710409	150	13,500	SH		DFND		13,500	0	0
Artesian Resource Corp	COM	043113208	2,656	81,564	SH		SOLE		0	0	81,564
Astrazeneca-Adr	ADR	046353108	249	8,000	SH		DFND		8,000	0	0
Avalonbay Communities	COM	053484101	247	1,347	SH		DFND		1,347	0	0
Bank Of America Corporation	COM	060505104	424	17,988	SH		SOLE		0	0	17,988
Blackrock Intern L Grth & Inc Common	COM	092524107	2,573	444,403	SH		SOLE		0	0	444,403
Blackrock Muniyield Qty Iii	COM	09254E103	1,094	78,542	SH		SOLE		0	0	78,542
Blue Capital Reisurance	COM	G1190F107	270	14,000	SH		DFND		14,000	0	0
Bok Financial Corp	COM	05561Q201	294	3,751	SH		SOLE		0	0	3,751
Boston Properties	COM	101121101	324	2,450	SH		DFND		2,450	0	0
Bp Plc-Adr	ADR	055622104	282	8,181	SH		DFND		8,181	0	0
Briggs & Strattn	COM	109043109	225	10,000	SH		DFND		10,000	0	0
Brookfield Canada Office	COM	112823109	234	10,000	SH		DFND		10,000	0	0
Cemex Sab-Sp Adr	ADR	151290889	251	27,669	SH		DFND		27,669	0	0
Chase Corp	COM	16150R104	5,813	60,932	SH		SOLE		0	0	60,932
Chevron Corp	COM	166764100	268	2,500	SH		DFND		2,500	0	0
Cimarex Energy Co	COM	171798101	3,286	27,502	SH		SOLE		0	0	27,502
Coca-Cola Co	COM	191216100	351	8,266	SH		SOLE		0	0	8,266
Compania Cervecerias -Adr	ADR	204429104	364	14,401	SH		DFND		14,401	0	0
Consumer Discret Sel Sect Spdr Etf	COM	81369Y407	3,508	39,883	SH		SOLE		0	0	39,883
Consumer Staples Select Sector Spdr Etf	COM	81369Y308	3,494	64,012	SH		SOLE		0	0	64,012
Csx Corp	COM	126408103	3,242	69,650	SH		SOLE		0	0	69,650
Cvs Health Corp	COM	126650100	1,191	15,166	SH		SOLE		0	0	15,166
Dentsply Sirona Inc	COM	24906P109	312	5,000	SH		DFND		5,000	0	0
Diageo Plc-Adr	ADR	25243Q205	324	2,800	SH		DFND		2,800	0	0
Eastgroup Prop	COM	277276101	221	3,000	SH		DFND		3,000	0	0
Energy Select Sector Spdr Etf	COM	81369Y506	3,054	43,690	SH		SOLE		0	0	43,690
Enterprise Products Partners LP	COM	293792107	2,071	75,001	SH		SOLE		0	0	75,001
Essex Property	COM	297178105	208	900	SH		DFND		900	0	0
Everest Re Group Ltd	COM	G3223R108	2,891	12,365	SH		SOLE		0	0	12,365
Extra Space Stor	COM	30225T102	379	5,100	SH		DFND		5,100	0	0
Exxon Mobil Corporation	COM	30231G102	2,505	30,542	SH		SOLE		0	0	30,542
Flowers Foods Inc	COM	343498101	1,495	77,040	SH		SOLE		0	0	77,040
Georgetown Bancorp, Inc.	COM	372591107	259	10,002	SH		DFND		10,002	0	0
Glaxosmithkl-Adr	ADR	37733W105	274	6,500	SH		DFND		6,500	0	0
Goldman Sachs Activebeta Intl Eq Etf	COM	381430107	3,617	138,230	SH		SOLE		0	0	138,230
Grupo Aeroportuario - Adr	ADR	40051E202	225	1,300	SH		DFND		1,300	0	0
Grupo Televisa - Adr	ADR	40049J206	389	15,000	SH		DFND		15,000	0	0
Guggenheim Bulletshrs2018 Corp Bd Etf	COM	18383M530	528	24,854	SH		SOLE		0	0	24,854
Guggenheim Bulletshrs2018 Hy Corpbd Etf	COM	18383M381	4,840	191,065	SH		SOLE		0	0	191,065
Guggenheim Bulletshrs2019 Corp Bd Etf	COM	18383M522	3,826	180,209	SH		SOLE		0	0	180,209
Guggenheim Bulletshrs2020 Corp Bd Etf	COM	18383M514	515	24,063	SH		SOLE		0	0	24,063
Guggenheim Bulletshrs2021 Corp Bd Etf	COM	18383M266	3,757	177,625	SH		SOLE		0	0	177,625
Guggenheim S&P 500 Eq Weight Hc Etf	COM	78355W841	3,708	23,183	SH		SOLE		0	0	23,183
Guggenheim S&P 500 Equal Weight Etf	COM	78355W106	2,069	22,780	SH		SOLE		0	0	22,780
Halliburton Co	COM	406216101	295	6,000	SH		DFND		6,000	0	0
Hdfc Bank Ltd - Adr	ADR	40415F101	301	4,000	SH		DFND		4,000	0	0
Ingles Markets Inc	COM	457030104	3,719	86,178	SH		SOLE		0	0	86,178
Inseego Corp	COM	45782B104	25	12,000	SH		SOLE		0	0	12,000
Intercontinental Hotels	COM	45857P608	221	4,511	SH		DFND		4,511	0	0
International Business Machines Corp	COM	459200101	247	1,417	SH		SOLE		0	0	1,417
Invesco Muni Opps. Trust Common	COM	46132C107	1,145	88,177	SH		SOLE		0	0	88,177
Ishares Cali Amt-Free Muni Bond	COM	464288356	481	4,138	SH		SOLE		0	0	4,138
Ishares Cohen & Steers Reit	COM	464287564	3,126	31,336	SH		SOLE		0	0	31,336
Ishares Core S&P Mid-Cap	COM	464287507	3,628	21,187	SH		SOLE		0	0	21,187
Ishares Core Us Aggregate Bond	COM	464287226	523	4,824	SH		SOLE		0	0	4,824
Ishares Floating Rate Bond	COM	46429B655	4,955	97,411	SH		SOLE		0	0	97,411
Ishares Global Healthcare	COM	464287325	2,943	28,633	SH		SOLE		0	0	28,633
Ishares Iboxx $ Invst Grade Crp Bond	COM	464287242	382	3,241	SH		SOLE		0	0	3,241
Ishares Mbs	COM	464288588	364	3,417	SH		SOLE		0	0	3,417
Ishares Msci Eafe	COM	464287465	2,031	32,599	SH		SOLE		0	0	32,599
Ishares Msci Eafe Small-Cap	COM	464288273	3,366	62,179	SH		SOLE		0	0	62,179
Ishares Msci Emu	COM	464286608	2,798	74,427	SH		SOLE		0	0	74,427
Ishares Msci Uk Etf	COM	46435G334	244	7,500	SH		DFND		7,500	0	0
Ishares National Amt-Free Muni Bond	COM	464288414	1,257	11,536	SH		SOLE		0	0	11,536
Ishares Russell 1000	COM	464287622	1,352	10,297	SH		SOLE		0	0	10,297
Ishares Russell 2000	COM	464287655	1,369	9,957	SH		SOLE		0	0	9,957
Ishares Russell Mid-Cap	COM	464287499	1,355	7,242	SH		SOLE		0	0	7,242
Ishares Select Dividend	COM	464287168	3,331	36,565	SH		SOLE		0	0	36,565
James Hardie Ind Plc Adr	ADR	47030M106	395	25,000	SH		DFND		25,000	0	0
Jh Financial Opportunities Common	COM	409735206	3,635	106,909	SH		SOLE		0	0	106,909
Johnson & Johnson	COM	478160104	2,582	20,731	SH		SOLE		0	0	20,731
Kvh Industries	COM	482738101	252	30,000	SH		DFND		30,000	0	0
Lennox Intl Inc	COM	526107107	284	1,700	SH		DFND		1,700	0	0
Lifepoint Hospit	COM	53219L109	328	5,000	SH		DFND		5,000	0	0
Lowe S Companies Inc	COM	548661107	3,235	39,352	SH		SOLE		0	0	39,352
Lowe'S Cos Inc	COM	548661107	214	2,600	SH		DFND		2,600	0	0
Luby'S Inc	COM	549282101	103	32,994	SH		DFND		32,994	0	0
Maiden Holdings Ltd	COM	G5753U112	280	20,000	SH		DFND		20,000	0	0
Market Vectors Africa	COM	92189F866	216	10,340	SH		DFND		10,340	0	0
Metlife Inc	COM	59156R108	1,855	35,118	SH		SOLE		0	0	35,118
Miller Ind Inc/Tenn	COM	600551204	474	18,000	SH		DFND		18,000	0	0
National Western Life Insurance	COM	638517102	3,313	10,893	SH		SOLE		0	0	10,893
Netapp Inc	COM	64110D104	377	9,000	SH		DFND		9,000	0	0
Nice Systems-Adr	ADR	653656108	374	5,500	SH		DFND		5,500	0	0
Nobilis Health Corp.	COM	65500B103	26	15,400	SH		DFND		15,400	0	0
Norfolk Southern	COM	655844108	392	3,500	SH		DFND		3,500	0	0
Northwestern Corp	COM	668074305	2,220	37,823	SH		SOLE		0	0	37,823
Novartis Ag	ADR	66987V109	1,821	24,523	SH		SOLE		0	0	24,523
Nuveen Intermediate Duration Muni Term	COM	670671106	1,543	118,972	SH		SOLE		0	0	118,972
Pearson Plc	ADR	705015105	127	15,000	SH		DFND		15,000	0	0
Pimco Enhanced Short Maturity Etf	COM	72201R833	5,054	49,719	SH		SOLE		0	0	49,719
Powershares International Corp Bd Etf	COM	73936Q835	3,628	145,240	SH		SOLE		0	0	145,240
Procter & Gamble	COM	742718109	314	3,500	SH		DFND		3,500	0	0
Pub Serv Enterp	COM	744573106	355	8,000	SH		DFND		8,000	0	0
Qualcomm Inc	COM	747525103	276	4,817	SH		SOLE		0	0	4,817
Regions Financial Corp	COM	7591EP100	262	18,000	SH		DFND		18,000	0	0
Rgc Resources	COM	74955L103	779	35,415	SH		SOLE		0	0	35,415
Royce Micro Cap Trust Common	COM	780915104	2,742	326,842	SH		SOLE		0	0	326,842
Royce Value Trust Common	COM	780910105	259	18,491	SH		SOLE		0	0	18,491
Sba Communications Corp	COM	78410G104	241	2,000	SH		DFND		2,000	0	0
Schwab Emerging Markets Equity Etf	COM	808524706	226	9,437	SH		SOLE		0	0	9,437
Schwab International Equity Etf	COM	808524805	910	30,469	SH		SOLE		0	0	30,469
Schwab Us Aggregate Bond Etf	COM	808524839	2,072	40,002	SH		SOLE		0	0	40,002
Schwab Us Mid-Cap Etf	COM	808524508	1,040	21,977	SH		SOLE		0	0	21,977
Schwab Us Small-Cap Etf	COM	808524607	1,025	16,269	SH		SOLE		0	0	16,269
Skyworks Solutions	COM	83088M102	392	4,000	SH		DFND		4,000	0	0
Sl Green Realty	COM	78440X101	290	2,720	SH		DFND		2,720	0	0
Southern Co	COM	842587107	2,494	50,107	SH		SOLE		0	0	50,107
Spdr Barclays Short Term Corp Bd Etf	COM	78464A474	5,072	165,712	SH		SOLE		0	0	165,712
Spdr S&P Midcap 400 Etf	COM	78467Y107	445	1,423	SH		SOLE		0	0	1,423
Stryker Corporation	COM	863667101	2,439	18,530	SH		SOLE		0	0	18,530
Texas Instruments Inc	COM	882508104	201	2,500	SH		SOLE		0	0	2,500
Thermo Fisher	COM	883556102	307	2,000	SH		DFND		2,000	0	0
Twenty-First Century Fox Inc	COM	90130A101	447	13,788	SH		SOLE		0	0	13,788
Tyson Foods Inc	COM	902494103	1,306	21,169	SH		SOLE		0	0	21,169
Udr Inc	COM	902653104	361	9,951	SH		SOLE		0	0	9,951
Unilever Nv-Nys	COM	904784709	447	9,000	SH		DFND		9,000	0	0
United Therapeut	COM	91307C102	372	2,750	SH		DFND		2,750	0	0
Valmont Industries Inc	COM	920253101	3,651	23,476	SH		SOLE		0	0	23,476
Vaneck Vectors Gm Etf	COM	92189F106	228	10,000	SH		DFND		10,000	0	0
Vanguard Energy Etf	COM	92204A306	206	2,130	SH		SOLE		0	0	2,130
Vanguard Ftse Developed Markets Etf	COM	921943858	4,362	110,981	SH		SOLE		0	0	110,981
Vanguard Information Technology Etf	COM	92204A702	5,943	43,818	SH		SOLE		0	0	43,818
Vanguard S&P 500 Etf	COM	922908363	283	1,310	SH		SOLE		0	0	1,310
Vanguard Total Bond Market Etf	COM	921937835	364	4,490	SH		SOLE		0	0	4,490
Verizon Communications Inc	COM	92343V104	2,053	42,119	SH		SOLE		0	0	42,119
Voya Asia Pacific High Dividend Eq Inc	COM	92912J102	1,507	148,619	SH		SOLE		0	0	148,619
Voya Financial Inc	COM	929089100	2,036	53,635	SH		SOLE		0	0	53,635
Wells Fargo & Co	COM	949746101	454	8,161	SH		DFND		8,161	0	0
Western Asset Glb Corp Def Opp Common	COM	95790C107	4,318	247,857	SH		SOLE		0	0	247,857
Western Asset High Income Opp	COM	95766K109	4,595	911,674	SH		SOLE		0	0	911,674
Wgl Holdings Inc	COM	92924F106	4,070	49,321	SH		SOLE		0	0	49,321
Williams Companies Inc	COM	969457100	1,487	50,250	SH		SOLE		0	0	50,250
Wp Carey Inc	COM	92936U109	278	4,470	SH		DFND		4,470	0	0
Wpx Energy Inc	COM	98212B103	307	22,944	SH		SOLE		0	0	22,944