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	3,485	17,716	SH		SOLE		0	0	17,716
Aetna Inc	COM	00817Y108	2,131	11,611	SH		SOLE		0	0	11,611
Alexandria Real	COM	015271109	233	1,850	SH		DFND		1,850	0	0
Allegiance Bancshares Inc	COM	01748H107	231	5,334	SH		SOLE		0	0	5,334
Allstate Corp	COM	020002101	2,096	22,969	SH		SOLE		0	0	22,969
American Tower-A	ADR	03027X100	360	2,500	SH		DFND		2,500	0	0
Amgen Inc	COM	031162100	3,395	18,390	SH		SOLE		0	0	18,390
Annaly Capital Management	COM	035710409	139	13,500	SH		DFND		13,500	0	0
Apple Inc	COM	037833100	487	2,631	SH		SOLE		0	0	2,631
Artesian Resource Corp	COM	043113208	3,279	84,573	SH		SOLE		0	0	84,573
Astrazeneca-Adr	ADR	046353108	281	8,000	SH		DFND		8,000	0	0
Avalonbay Commun	COM	053484101	223	1,300	SH		DFND		1,300	0	0
Banco Santan-Adr	ADR	05964H105	107	20,000	SH		DFND		20,000	0	0
Bank Of America Corporation	COM	060505104	507	17,988	SH		SOLE		0	0	17,988
Blackrock Intern L Grth & Inc Common	COM	092524107	2,894	504,152	SH		SOLE		0	0	504,152
Blackrock Muniyield Qty Iii	COM	09254E103	1,044	82,891	SH		SOLE		0	0	82,891
Blue Capital Reisurance	COM	G1190F107	155	14,000	SH		DFND		14,000	0	0
Bp Plc-Adr	COM	055622104	585	12,815	SH		DFND		12,815	0	0
Briggs & Strattn	COM	109043109	176	10,000	SH		DFND		10,000	0	0
Cemex Sab-Sp Adr	ADR	151290889	189	28,775	SH		DFND		28,775	0	0
Chase Corp	COM	16150R104	6,342	54,090	SH		SOLE		0	0	54,090
Chevron Corp	COM	166764100	316	2,500	SH		DFND		2,500	0	0
Cimarex Energy Co	ADR	171798101	3,246	31,909	SH		SOLE		0	0	31,909
Coca-Cola Co	COM	191216100	344	7,838	SH		SOLE		0	0	7,838
Compania Cervecerias -Adr	ADR	204429104	359	14,401	SH		DFND		14,401	0	0
Consumer Discret Sel Sect Spdr Etf	COM	81369Y407	4,517	41,328	SH		SOLE		0	0	41,328
Consumer Staples Select Sector Spdr Etf	COM	81369Y308	3,223	62,544	SH		SOLE		0	0	62,544
Covanta Holding Corp	COM	22282E102	2,605	157,901	SH		SOLE		0	0	157,901
Crown Castle Int	COM	22822V101	216	2,000	SH		DFND		2,000	0	0
Csx Corp	COM	126408103	4,318	67,699	SH		SOLE		0	0	67,699
Cvs Health Corp	COM	126650100	929	14,443	SH		SOLE		0	0	14,443
Dentsply Sirona Inc	COM	24906P109	219	5,000	SH		DFND		5,000	0	0
Diageo Plc-Adr	ADR	25243Q205	403	2,800	SH		DFND		2,800	0	0
Digital Realty	COM	253868103	239	2,141	SH		DFND		2,141	0	0
Energy Select Sector Spdr Etf	COM	81369Y506	2,971	39,119	SH		SOLE		0	0	39,119
Enterprise Products Partners Lp	COM	293792107	2,008	72,572	SH		SOLE		0	0	72,572
Equinix Inc	COM	29444U700	315	732	SH		DFND		732	0	0
Essex Property	COM	297178105	215	900	SH		DFND		900	0	0
Ev Municipal Bond	COM	27827X101	373	31,560	SH		SOLE		0	0	31,560
Everest Re Group Ltd	COM	G3223R108	2,855	12,389	SH		SOLE		0	0	12,389
Extra Space Stor	COM	30225T102	250	2,500	SH		DFND		2,500	0	0
Exxon Mobil Corporation	COM	30231G102	2,290	27,683	SH		SOLE		0	0	27,683
Glaxosmithkl-Adr	ADR	37733W105	262	6,500	SH		DFND		6,500	0	0
Gold Fields Ltd-Spons Adr	ADR	38059T106	36	10,000	SH		DFND		10,000	0	0
Goldman Sachs Activebeta Intl Eq Etf	COM	381430107	6,359	216,427	SH		SOLE		0	0	216,427
Goldman Sachs Activebeta Us Lgcp Eq Etf	COM	381430503	1,493	27,272	SH		SOLE		0	0	27,272
Group 1 Automoti	COM	398905109	252	4,000	SH		DFND		4,000	0	0
Grupo Aeroportuario - Adr	ADR	40051E202	207	1,300	SH		DFND		1,300	0	0
Grupo Televisa - Adr	ADR	40049J206	284	15,000	SH		DFND		15,000	0	0
Halliburton Co	COM	406216101	270	6,000	SH		DFND		6,000	0	0
Hdfc Bank Ltd - Adr	ADR	40415F101	420	4,000	SH		DFND		4,000	0	0
Ing Groep-Adr	ADR	456837103	143	10,000	SH		DFND		10,000	0	0
Ingles Markets Inc	COM	457030104	2,785	87,588	SH		SOLE		0	0	87,588
Inseego Corp	COM	45782B104	24	12,000	SH		SOLE		0	0	12,000
Intercontinental Hotels	COM	45857P707	271	4,319	SH		DFND		4,319	0	0
Invesco China Real Estate	COM	46138E602	240	8,500	SH		DFND		8,500	0	0
Invesco Muni Opps. Trust Common	COM	46132C107	977	83,200	SH		SOLE		0	0	83,200
Invesco S&P 500 Eq Weight Hc Etf	COM	46137V332	3,905	21,373	SH		SOLE		0	0	21,373
Invesco S&P 500 Equal Weight Etf	COM	46137V357	3,287	32,256	SH		SOLE		0	0	32,256
Invesco S&P Global Water Index Etf	COM	46138E263	1,842	55,009	SH		SOLE		0	0	55,009
Iron Mountain Inc.	COM	46284V101	252	7,200	SH		DFND		7,200	0	0
Ishares 0-5 Year High Yield Corp Bd	COM	46434V407	2,575	55,242	SH		SOLE		0	0	55,242
Ishares Cali Amt-Free Muni Bond	COM	464288356	555	9,476	SH		SOLE		0	0	9,476
Ishares Cohen & Steers Reit	COM	464287564	2,514	25,166	SH		SOLE		0	0	25,166
Ishares Core S&P Mid-Cap	COM	464287507	4,171	21,413	SH		SOLE		0	0	21,413
Ishares Core Us Aggregate Bond	COM	464287226	920	8,652	SH		SOLE		0	0	8,652
Ishares Floating Rate Bond	COM	46429B655	5,969	117,035	SH		SOLE		0	0	117,035
Ishares Global Healthcare	COM	464287325	3,322	58,857	SH		SOLE		0	0	58,857
Ishares Iboxx $ Invst Grade Crp Bond	COM	464287242	1,102	9,617	SH		SOLE		0	0	9,617
Ishares Mbs	COM	464288588	843	8,091	SH		SOLE		0	0	8,091
Ishares Msci Eafe	COM	464287465	1,045	15,600	SH		SOLE		0	0	15,600
Ishares Msci Eafe Small-Cap	COM	464288273	4,166	66,399	SH		SOLE		0	0	66,399
Ishares Msci Emu	COM	464286608	3,416	83,288	SH		SOLE		0	0	83,288
Ishares Msci Japan	COM	46434G822	1,467	25,330	SH		SOLE		0	0	25,330
Ishares National Amt-Free Muni Bond	COM	464288414	1,389	12,739	SH		SOLE		0	0	12,739
Ishares Russell 1000	COM	464287622	2,402	15,806	SH		SOLE		0	0	15,806
Ishares Russell 2000	COM	464287655	970	5,920	SH		SOLE		0	0	5,920
Ishares Russell Mid-Cap	COM	464287499	1,738	8,195	SH		SOLE		0	0	8,195
Ishares Select Dividend	COM	464287168	3,434	35,130	SH		SOLE		0	0	35,130
Ishares Short-Term National Muni Bond	COM	464288158	639	6,080	SH		SOLE		0	0	6,080
James Hardie Ind Plc Adr	ADR	47030M106	423	25,000	SH		DFND		25,000	0	0
Jh Financial Opportunities Common	COM	409735206	3,715	99,847	SH		SOLE		0	0	99,847
Jhancock Multifactor Large Cap Etf	COM	47804J107	767	21,770	SH		SOLE		0	0	21,770
Johnson & Johnson	COM	478160104	2,375	19,570	SH		SOLE		0	0	19,570
Kvh Industries	COM	482738101	402	30,000	SH		DFND		30,000	0	0
Lennox Intl Inc	COM	526107107	340	1,700	SH		DFND		1,700	0	0
Lifepoint Hospit	COM	53219L109	244	5,000	SH		DFND		5,000	0	0
Lowe S Companies Inc	COM	548661107	2,081	21,779	SH		SOLE		0	0	21,779
Lowe'S Cos Inc	COM	548661107	248	2,600	SH		DFND		2,600	0	0
Maiden Holdings Ltd	COM	G5753U112	155	20,000	SH		DFND		20,000	0	0
Metlife Inc	COM	59156R108	1,510	34,644	SH		SOLE		0	0	34,644
Miller Ind Inc/Tenn	COM	600551204	460	18,000	SH		DFND		18,000	0	0
Mohawk Inds	COM	608190104	204	950	SH		DFND		950	0	0
National Western Life Insurance	COM	638517102	3,369	10,963	SH		SOLE		0	0	10,963
Netapp Inc	COM	64110D104	707	9,000	SH		DFND		9,000	0	0
Nice Systems-Adr	ADR	653656108	571	5,500	SH		DFND		5,500	0	0
Norfolk Southern	COM	655844108	528	3,500	SH		DFND		3,500	0	0
Novartis Ag	COM	66987V109	1,804	23,884	SH		SOLE		0	0	23,884
Nuveen Intermediate Duration Muni Term	COM	670671106	1,457	117,132	SH		SOLE		0	0	117,132
Old Republic International Corp	COM	680223104	1,339	67,252	SH		SOLE		0	0	67,252
Pearson Plc	COM	705015105	232	20,000	SH		DFND		20,000	0	0
Phillips 66 Com	COM	718546104	1,811	16,121	SH		SOLE		0	0	16,121
Pimco Enhanced Short Maturity Etf	COM	72201R833	6,114	60,207	SH		SOLE		0	0	60,207
Powershrs Bulletshares 2018 Corp Etf	COM	46138J106	701	33,142	SH		SOLE		0	0	33,142
Powershrs Bulletshares 2018 Hy Corp Etf	COM	46138J205	4,979	198,384	SH		SOLE		0	0	198,384
Powershrs Bulletshares 2019 Corp Etf	COM	46138J304	4,387	208,975	SH		SOLE		0	0	208,975
Powershrs Bulletshares 2019 Hy Corp Etf	COM	46138J403	256	10,575	SH		SOLE		0	0	10,575
Powershrs Bulletshares 2020 Corp Etf	COM	46138J502	4,981	236,512	SH		SOLE		0	0	236,512
Powershrs Bulletshares 2021 Corp Etf	COM	46138J700	4,082	196,682	SH		SOLE		0	0	196,682
Powershrs Bulletshares 2022 Corp Etf	COM	46138J882	1,422	68,853	SH		SOLE		0	0	68,853
Powershrs Bulletshares 2022 Hy Corp Etf	COM	46138J874	3,502	143,101	SH		SOLE		0	0	143,101
Procter & Gamble	COM	742718109	273	3,500	SH		DFND		3,500	0	0
Qualcomm Inc	COM	747525103	284	5,063	SH		SOLE		0	0	5,063
Regions Financial Corp	COM	7591EP100	320	18,000	SH		DFND		18,000	0	0
Rgc Resources	COM	74955L103	1,000	34,269	SH		SOLE		0	0	34,269
Royce Micro Cap Trust Common	COM	780915104	3,345	334,877	SH		SOLE		0	0	334,877
Royce Value Trust Common	COM	780910105	171	10,813	SH		SOLE		0	0	10,813
Ryman Hospitality Prop	COM	78377T107	251	3,024	SH		DFND		3,024	0	0
Sba Communications Corp	COM	78410G104	330	2,000	SH		DFND		2,000	0	0
Schwab Emerging Markets Equity Etf	COM	808524706	268	10,334	SH		SOLE		0	0	10,334
Schwab Fundamental Us Large Company Etf	COM	808524771	1,447	38,764	SH		SOLE		0	0	38,764
Schwab International Equity Etf	COM	808524805	1,155	34,944	SH		SOLE		0	0	34,944
Schwab Us Aggregate Bond Etf	COM	808524839	2,552	50,386	SH		SOLE		0	0	50,386
Schwab Us Mid-Cap Etf	COM	808524508	1,346	24,515	SH		SOLE		0	0	24,515
Schwab Us Small-Cap Etf	COM	808524607	1,336	18,155	SH		SOLE		0	0	18,155
Skyworks Solutio	COM	83088M102	387	4,000	SH		DFND		4,000	0	0
Sl Green Realty	COM	78440X101	273	2,720	SH		DFND		2,720	0	0
Sony Corp Adr	ADR	835699307	256	5,000	SH		DFND		5,000	0	0
Sony Corp Adr	ADR	835699307	77	1,500	SH		DFND		1,500	0	0
Spdr Blmbg Barclays St Corp Bd Etf	COM	78464A474	5,459	181,009	SH		SOLE		0	0	181,009
Spdr S&P Midcap 400 Etf	COM	78467Y107	490	1,380	SH		SOLE		0	0	1,380
Store Capital	COM	862121100	208	7,600	SH		DFND		7,600	0	0
Stryker Corporation	COM	863667101	2,809	16,633	SH		SOLE		0	0	16,633
Teva Pharm-Adr	ADR	881624209	389	16,000	SH		DFND		16,000	0	0
Texas Instruments Inc	COM	882508104	276	2,500	SH		SOLE		0	0	2,500
Thermo Fisher	COM	883556102	414	2,000	SH		DFND		2,000	0	0
Twenty-First Century Fox Inc	COM	90130A101	586	11,788	SH		SOLE		0	0	11,788
Tyson Foods Inc	COM	902494103	1,468	21,321	SH		SOLE		0	0	21,321
Udr Inc	COM	902653104	374	9,951	SH		SOLE		0	0	9,951
Unilever Nv-Nys	COM	904784709	501	9,000	SH		DFND		9,000	0	0
United Therapeut	COM	91307C102	311	2,750	SH		DFND		2,750	0	0
Valmont Industries Inc	COM	920253101	3,551	23,558	SH		SOLE		0	0	23,558
Vaneck Vectors Africa Index	COM	92189F866	243	10,340	SH		DFND		10,340	0	0
Vanguard Energy Etf	COM	92204A306	224	2,130	SH		SOLE		0	0	2,130
Vanguard Ftse Developed Markets Etf	COM	921943858	7,105	165,618	SH		SOLE		0	0	165,618
Vanguard Ftse Emerging Markets Etf	COM	922042858	707	16,746	SH		SOLE		0	0	16,746
Vanguard High Dividend Yield Etf	COM	921946406	634	7,631	SH		SOLE		0	0	7,631
Vanguard Information Technology Etf	COM	92204A702	7,944	43,790	SH		SOLE		0	0	43,790
Vanguard S&P 500 Etf	COM	922908363	327	1,310	SH		SOLE		0	0	1,310
Vanguard Short-Term Corporate Bond Etf	COM	92206C409	223	2,860	SH		SOLE		0	0	2,860
Visa Inc Class A	COM	92826C839	257	1,939	SH		SOLE		0	0	1,939
Voya Asia Pacific High Dividend Eq Inc	COM	92912J102	1,533	153,344	SH		SOLE		0	0	153,344
Voya Financial Inc	COM	929089100	2,358	50,175	SH		SOLE		0	0	50,175
Vulcan Materials	COM	929160109	232	1,800	SH		DFND		1,800	0	0
Wells Fargo & Co	COM	949746101	231	4,161	SH		DFND		4,161	0	0
Western Asset Glb Corp Def Opp Common	COM	95790C107	4,389	262,059	SH		SOLE		0	0	262,059
Western Asset High Income Opp	COM	95766K109	4,518	937,369	SH		SOLE		0	0	937,369
Wgl Holdings Inc	COM	92924F106	4,210	47,435	SH		SOLE		0	0	47,435
Williams Companies Inc	COM	969457100	1,331	49,110	SH		SOLE		0	0	49,110
Wp Carey Inc	COM	92936U109	297	4,470	SH		DFND		4,470	0	0
Wpx Energy Inc	COM	98212B103	414	22,944	SH		SOLE		0	0	22,944