Baker Ellis Asset Management 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
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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 Company	COMMON STOCK	88579Y101	553	3,138	SH		SOLE	NONE	3,138	0	0
Abbott Laboratories	COMMON STOCK	002824100	1,655	39,129	SH		SOLE	NONE	39,129	0	0
AbbVie Inc.	COMMON STOCK	00287Y109	1,634	25,912	SH		SOLE	NONE	25,912	0	0
Aberdeen Asia-Pacific Income Fund	ETF/ETN	003009107	130	25,300	SH		SOLE	NONE	25,300	0	0
ABM Industries	COMMON STOCK	000957100	566	14,250	SH		SOLE	NONE	14,250	0	0
Accenture PLC	COMMON STOCK	G1151C101	210	1,717	SH		SOLE	NONE	1,717	0	0
Alaska Air Group	COMMON STOCK	011659109	441	6,700	SH		SOLE	NONE	6,700	0	0
Alaska Communications Systems	COMMON STOCK	01167P101	46	26,500	SH		SOLE	NONE	26,500	0	0
Alexander & Baldwin	COMMON STOCK	014491104	649	16,887	SH		SOLE	NONE	16,887	0	0
Alphabet Inc. CL A	COMMON STOCK	02079K305	1,627	2,023	SH		SOLE	NONE	2,023	0	0
Alphabet Inc. CL C	COMMON STOCK	02079K107	1,840	2,367	SH		SOLE	NONE	2,367	0	0
Altria Group	COMMON STOCK	718154107	373	5,899	SH		SOLE	NONE	5,899	0	0
Amazon.com Inc.	COMMON STOCK	023135106	923	1,102	SH		SOLE	NONE	1,102	0	0
AMC Networks Inc.	COMMON STOCK	00164V103	270	5,200	SH		SOLE	NONE	5,200	0	0
American Express	COMMON STOCK	025816109	951	14,856	SH		SOLE	NONE	14,856	0	0
AmerisourceBergen Corporation	COMMON STOCK	03073E105	3,811	47,172	SH		SOLE	NONE	47,172	0	0
Amgen Inc	COMMON STOCK	031162100	102	612	SH		SOLE	NONE	612	0	0
Anadarko Pete Corp	COMMON STOCK	032511107	173	2,725	SH		SOLE	NONE	2,725	0	0
Anheuser-Busch InBev	COMMON STOCK	035229103	256	1,950	SH		SOLE	NONE	1,950	0	0
Apollo Commercial Real Estate	REIT	03762U105	494	30,182	SH		SOLE	NONE	30,182	0	0
Apple Computer	COMMON STOCK	037833100	2,085	18,447	SH		SOLE	NONE	18,447	0	0
AptarGroup Inc	COMMON STOCK	038336103	116	1,500	SH		SOLE	NONE	1,500	0	0
Archer Daniels Midland	COMMON STOCK	039483102	350	8,300	SH		SOLE	NONE	8,300	0	0
Armada Hoffler Properties, Inc	REIT	04208T108	297	22,200	SH		SOLE	NONE	22,200	0	0
AT&T	COMMON STOCK	00206R102	534	13,143	SH		SOLE	NONE	13,143	0	0
Automatic Data Processing	COMMON STOCK	053015103	430	4,871	SH		SOLE	NONE	4,871	0	0
Avista Corp.	COMMON STOCK	05379B107	224	5,350	SH		SOLE	NONE	5,350	0	0
B/E Aerospace Inc.	COMMON STOCK	073302101	2,513	48,650	SH		SOLE	NONE	48,650	0	0
Baldwin & Lyons Inc CL B	COMMON STOCK	057755209	428	16,700	SH		SOLE	NONE	16,700	0	0
Ball Corp	COMMON STOCK	058498106	2,158	26,328	SH		SOLE	NONE	26,328	0	0
Bank of America	COMMON STOCK	060505104	214	13,655	SH		SOLE	NONE	13,655	0	0
Bank of New York Mellon	COMMON STOCK	064058100	2,006	50,306	SH		SOLE	NONE	50,306	0	0
Bank of Nova Scotia	COMMON STOCK	064149107	741	13,978	SH		SOLE	NONE	13,978	0	0
BCE Inc.	COMMON STOCK	05534B760	536	11,600	SH		SOLE	NONE	11,600	0	0
Becton Dickinson Co	COMMON STOCK	075887109	171	950	SH		SOLE	NONE	950	0	0
Berkshire Hathaway Cl A	COMMON STOCK	084670108	4,541	21	SH		SOLE	NONE	21	0	0
Berkshire Hathaway Cl B	COMMON STOCK	084670702	9,691	67,081	SH		SOLE	NONE	67,081	0	0
Black Diamond Inc.	COMMON STOCK	09202G101	133	25,796	SH		SOLE	NONE	25,796	0	0
Bluerock Residential PFD A	PREFERRED STOCK	09627J508	140	5,300	SH		SOLE	NONE	5,300	0	0
Boeing	COMMON STOCK	097023105	303	2,300	SH		SOLE	NONE	2,300	0	0
BP p.l.c.	COMMON STOCK	055622104	274	7,800	SH		SOLE	NONE	7,800	0	0
Bristol Myers Squibb	COMMON STOCK	110122108	1,870	34,688	SH		SOLE	NONE	34,688	0	0
Brixmor Property Group Inc.	REIT	11120U105	1,237	44,525	SH		SOLE	NONE	44,525	0	0
Broadridge Financial Solutions	COMMON STOCK	11133T103	271	4,000	SH		SOLE	NONE	4,000	0	0
Campbell Soup Company	COMMON STOCK	134429109	421	7,703	SH		SOLE	NONE	7,703	0	0
Canadian National Railway Co.	COMMON STOCK	136375102	320	4,900	SH		SOLE	NONE	4,900	0	0
Canadian Pacific Railway	COMMON STOCK	13645T100	104	679	SH		SOLE	NONE	679	0	0
Carriage Services	COMMON STOCK	143905107	142	6,000	SH		SOLE	NONE	6,000	0	0
Central Fund of Canada Ltd.	ETF/ETN	153501101	264	19,100	SH		SOLE	NONE	19,100	0	0
ChevronTexaco	COMMON STOCK	166764100	1,437	13,958	SH		SOLE	NONE	13,958	0	0
Cisco Systems	COMMON STOCK	17275R102	512	16,146	SH		SOLE	NONE	16,146	0	0
City Office Reit Red PFD Ser A	PREFERRED STOCK	178587200	250	10,000	SH		SOLE	NONE	10,000	0	0
Clorox Company	COMMON STOCK	189054109	732	5,851	SH		SOLE	NONE	5,851	0	0
Coca-Cola Company	COMMON STOCK	191216100	1,045	24,692	SH		SOLE	NONE	24,692	0	0
Coca-Cola European Partners PL	COMMON STOCK	G25839104	403	10,095	SH		SOLE	NONE	10,095	0	0
Comcast Corporation	COMMON STOCK	20030N101	1,677	25,281	SH		SOLE	NONE	25,281	0	0
Corning Inc	COMMON STOCK	219350105	144	6,100	SH		SOLE	NONE	6,100	0	0
Costco Wholesale	COMMON STOCK	22160K105	1,013	6,644	SH		SOLE	NONE	6,644	0	0
Deere & Company	COMMON STOCK	244199105	463	5,426	SH		SOLE	NONE	5,426	0	0
Diageo PLC	COMMON STOCK	25243Q205	213	1,835	SH		SOLE	NONE	1,835	0	0
Dominion Resources	COMMON STOCK	25746U109	689	9,277	SH		SOLE	NONE	9,277	0	0
Du Pont	COMMON STOCK	263534109	1,948	29,090	SH		SOLE	NONE	29,090	0	0
Duke Energy	COMMON STOCK	264399106	211	2,637	SH		SOLE	NONE	2,637	0	0
Edwards Lifesciences	COMMON STOCK	28176E108	241	2,000	SH		SOLE	NONE	2,000	0	0
Enbridge Inc	COMMON STOCK	29250N105	102	2,300	SH		SOLE	NONE	2,300	0	0
Enterprise Products	COMMON STOCK	293792107	111	4,000	SH		SOLE	NONE	4,000	0	0
EOG Resources	COMMON STOCK	26875P101	101	1,044	SH		SOLE	NONE	1,044	0	0
Equity Residential	REIT	29476L107	183	2,850	SH		SOLE	NONE	2,850	0	0
Eversource Energy	COMMON STOCK	30040W108	887	16,374	SH		SOLE	NONE	16,374	0	0
Express Scripts Holding Co.	COMMON STOCK	302182100	120	1,705	SH		SOLE	NONE	1,705	0	0
Exxon Mobil	COMMON STOCK	30231G102	1,688	19,335	SH		SOLE	NONE	19,335	0	0
Facebook Inc	COMMON STOCK	30303M102	779	6,076	SH		SOLE	NONE	6,076	0	0
Fedex Corp	COMMON STOCK	31428X106	847	4,850	SH		SOLE	NONE	4,850	0	0
Ferrari N.V.	COMMON STOCK	N3167Y103	351	6,765	SH		SOLE	NONE	6,765	0	0
Fiat Chrysler Automobiles N.V.	COMMON STOCK	N31738102	665	103,900	SH		SOLE	NONE	103,900	0	0
Flexshares Quality Dividend In	ETF/ETN	33939L860	387	10,220	SH		SOLE	NONE	10,220	0	0
Fomento Economico Mexicano	COMMON STOCK	344419106	2,285	24,829	SH		SOLE	NONE	24,829	0	0
Fresh Del Monte Produce Inc.	COMMON STOCK	G36738105	3,915	65,356	SH		SOLE	NONE	65,356	0	0
Gabelli Global Sml & Md Cap PF	PREFERRED STOCK	36249W203	129	5,000	SH		SOLE	NONE	5,000	0	0
General American Investors Co.	COMMON STOCK	368802104	179	5,497	SH		SOLE	NONE	5,497	0	0
General Electric	COMMON STOCK	369604103	571	19,262	SH		SOLE	NONE	19,262	0	0
General Mills	COMMON STOCK	370334104	3,888	60,864	SH		SOLE	NONE	60,864	0	0
General Motors	COMMON STOCK	37045V100	300	9,453	SH		SOLE	NONE	9,453	0	0
Genuine Parts	COMMON STOCK	372460105	1,452	14,450	SH		SOLE	NONE	14,450	0	0
GlaxoSmithKline Plc Adr	COMMON STOCK	37733W105	129	3,000	SH		SOLE	NONE	3,000	0	0
Hasbro	COMMON STOCK	418056107	276	3,477	SH		SOLE	NONE	3,477	0	0
Helmerich & Payne	COMMON STOCK	423452101	320	4,750	SH		SOLE	NONE	4,750	0	0
Highwoods Properties Inc.	REIT	431284108	782	15,000	SH		SOLE	NONE	15,000	0	0
Home Depot	COMMON STOCK	437076102	835	6,486	SH		SOLE	NONE	6,486	0	0
Honeywell Intl.	COMMON STOCK	438516106	2,224	19,079	SH		SOLE	NONE	19,079	0	0
Host Hotels & Resorts, Inc.	REIT	44107P104	1,046	67,165	SH		SOLE	NONE	67,165	0	0
Humana Inc.	COMMON STOCK	444859102	476	2,690	SH		SOLE	NONE	2,690	0	0
Imperial Oil Ltd.	COMMON STOCK	453038408	648	20,676	SH		SOLE	NONE	20,676	0	0
Ingles Markets, Inc.	COMMON STOCK	457030104	2,235	56,519	SH		SOLE	NONE	56,519	0	0
Intel	COMMON STOCK	458140100	975	25,819	SH		SOLE	NONE	25,819	0	0
Intl Paper Co.	COMMON STOCK	460146103	3,405	70,962	SH		SOLE	NONE	70,962	0	0
Investors Title	COMMON STOCK	461804106	711	7,141	SH		SOLE	NONE	7,141	0	0
iShares 1-3 Yr Treas Index Fd	ETF/ETN	464287457	170	2,000	SH		SOLE	NONE	2,000	0	0
iShares DJ US Oil Equip & Svcs	ETF/ETN	464288844	889	22,490	SH		SOLE	NONE	22,490	0	0
iShares Global Telecom Fd	ETF/ETN	464287275	1,751	28,317	SH		SOLE	NONE	28,317	0	0
iShares Hong Kong Index Fd	ETF/ETN	464286871	160	7,250	SH		SOLE	NONE	7,250	0	0
iShares MSCI EAFE Minimum Vola	ETF/ETN	46429B689	6,805	100,610	SH		SOLE	NONE	100,610	0	0
iShares MSCI Emerging Markets	ETF/ETN	464286533	200	3,700	SH		SOLE	NONE	3,700	0	0
iShares Russell 1000	ETF/ETN	464287622	251	2,081	SH		SOLE	NONE	2,081	0	0
iShares Russell 1000 Growth In	ETF/ETN	464287614	167	1,606	SH		SOLE	NONE	1,606	0	0
iShares Russell 1000 Value Ind	ETF/ETN	464287598	294	2,781	SH		SOLE	NONE	2,781	0	0
iShares Russell Mid-Cap Index	ETF/ETN	464287499	240	1,374	SH		SOLE	NONE	1,374	0	0
iShares Russell Midcap Value I	ETF/ETN	464287473	333	4,334	SH		SOLE	NONE	4,334	0	0
iShares Tr Russell 2000 Index	ETF/ETN	464287655	100	807	SH		SOLE	NONE	807	0	0
ITT Inc.	COMMON STOCK	45073V108	943	26,300	SH		SOLE	NONE	26,300	0	0
J P Morgan Chase	COMMON STOCK	46625H100	1,101	16,540	SH		SOLE	NONE	16,540	0	0
JM Smucker	COMMON STOCK	832696405	415	3,060	SH		SOLE	NONE	3,060	0	0
John Bean Technologies	COMMON STOCK	477839104	2,616	37,078	SH		SOLE	NONE	37,078	0	0
Johnson & Johnson	COMMON STOCK	478160104	3,900	33,013	SH		SOLE	NONE	33,013	0	0
Kimberly Clark	COMMON STOCK	494368103	2,299	18,225	SH		SOLE	NONE	18,225	0	0
Kite Realty Group Trust	REIT	49803T300	267	9,650	SH		SOLE	NONE	9,650	0	0
Kraft Heinz Co.	COMMON STOCK	500754106	287	3,201	SH		SOLE	NONE	3,201	0	0
Kroger	COMMON STOCK	501044101	7,517	253,266	SH		SOLE	NONE	253,266	0	0
Laboratory Corp of America Hol	COMMON STOCK	50540R409	898	6,530	SH		SOLE	NONE	6,530	0	0
Liberty Global Inc Com Ser C	COMMON STOCK	530555309	107	3,250	SH		SOLE	NONE	3,250	0	0
Liberty Global Inc.	COMMON STOCK	G5480U104	118	3,445	SH		SOLE	NONE	3,445	0	0
Luxfer Holdings PLC	COMMON STOCK	550678106	114	9,800	SH		SOLE	NONE	9,800	0	0
Macy's Inc	COMMON STOCK	55616P104	111	3,000	SH		SOLE	NONE	3,000	0	0
Marathon Petroleum Corp	COMMON STOCK	56585A102	752	18,523	SH		SOLE	NONE	18,523	0	0
Marcus Corp	COMMON STOCK	566330106	702	28,050	SH		SOLE	NONE	28,050	0	0
MartenTransport Ltd.	COMMON STOCK	573075108	463	22,040	SH		SOLE	NONE	22,040	0	0
Matson Navigation Co.	COMMON STOCK	57686G105	949	23,786	SH		SOLE	NONE	23,786	0	0
Mckesson Corp.	COMMON STOCK	58155Q103	123	735	SH		SOLE	NONE	735	0	0
MDU Resources Group Inc.	COMMON STOCK	552690109	180	7,075	SH		SOLE	NONE	7,075	0	0
Merck & Co Inc	COMMON STOCK	58933Y105	1,881	30,144	SH		SOLE	NONE	30,144	0	0
Microsoft	COMMON STOCK	594918104	4,483	77,833	SH		SOLE	NONE	77,833	0	0
Mid-America Apartment Communit	REIT	59522J103	526	5,600	SH		SOLE	NONE	5,600	0	0
Mine Safety Appliances	COMMON STOCK	602720104	290	5,000	SH		SOLE	NONE	5,000	0	0
Molson Coors Brewing Company	COMMON STOCK	60871R209	3,156	28,741	SH		SOLE	NONE	28,741	0	0
Mondelez International Inc.	COMMON STOCK	609207105	400	9,114	SH		SOLE	NONE	9,114	0	0
Multi Color Corp.	COMMON STOCK	625383104	647	9,801	SH		SOLE	NONE	9,801	0	0
NBT Bancorp Inc	COMMON STOCK	628778102	427	13,000	SH		SOLE	NONE	13,000	0	0
New York Times	COMMON STOCK	650111107	184	15,410	SH		SOLE	NONE	15,410	0	0
NextEra Energy Inc New	COMMON STOCK	65339F101	353	2,888	SH		SOLE	NONE	2,888	0	0
Nike, Inc.	COMMON STOCK	654106103	2,006	38,094	SH		SOLE	NONE	38,094	0	0
Nordstrom Inc.	COMMON STOCK	655664100	5,422	104,505	SH		SOLE	NONE	104,505	0	0
Norfolk Southern Crp	COMMON STOCK	655844108	372	3,830	SH		SOLE	NONE	3,830	0	0
Northrop Grumman Corp.	COMMON STOCK	666807102	4,838	22,612	SH		SOLE	NONE	22,612	0	0
Northwest Natural Gas	COMMON STOCK	667655104	1,135	18,889	SH		SOLE	NONE	18,889	0	0
Novartis AG Adr	COMMON STOCK	66987V109	3,362	42,574	SH		SOLE	NONE	42,574	0	0
NTT Docomo Inc. ADR	COMMON STOCK	62942M201	137	5,400	SH		SOLE	NONE	5,400	0	0
Nuveen CA Muni Advantage Fund	ETF/ETN	67066Y105	208	12,653	SH		SOLE	NONE	12,653	0	0
Oracle	COMMON STOCK	68389X105	259	6,604	SH		SOLE	NONE	6,604	0	0
Park City Group Inc.	COMMON STOCK	700215304	218	18,450	SH		SOLE	NONE	18,450	0	0
Pepsico, Inc.	COMMON STOCK	713448108	5,802	53,342	SH		SOLE	NONE	53,342	0	0
Pfizer Inc.	COMMON STOCK	717081103	1,238	36,548	SH		SOLE	NONE	36,548	0	0
Philip Morris Intl	COMMON STOCK	718172109	294	3,027	SH		SOLE	NONE	3,027	0	0
Pimco ETF Short Maturity Str	ETF/ETN	72201R833	2,267	22,350	SH		SOLE	NONE	22,350	0	0
Pimco Muni Income Fd II Com	ETF/ETN	72200W106	178	13,000	SH		SOLE	NONE	13,000	0	0
Portland Gen Elec Co	COMMON STOCK	736508847	926	21,740	SH		SOLE	NONE	21,740	0	0
Potlatch Corp	REIT	737630103	391	10,051	SH		SOLE	NONE	10,051	0	0
PowerShares FTSE RAFI US 1000	ETF/ETN	73935X583	5,791	61,874	SH		SOLE	NONE	61,874	0	0
Powershares High Yld Corp Bond	ETF/ETN	73936T557	2,680	142,001	SH		SOLE	NONE	142,001	0	0
PowerShares QQQ	ETF/ETN	631100104	394	3,319	SH		SOLE	NONE	3,319	0	0
PPL Corp.	COMMON STOCK	69351T106	1,115	32,267	SH		SOLE	NONE	32,267	0	0
Procter & Gamble	COMMON STOCK	742718109	1,333	14,854	SH		SOLE	NONE	14,854	0	0
ProLogis	COMMON STOCK	743410102	616	11,500	SH		SOLE	NONE	11,500	0	0
Quest Diagnostics Inc.	COMMON STOCK	74834L100	182	2,150	SH		SOLE	NONE	2,150	0	0
Rayonier	REIT	754907103	1,505	56,693	SH		SOLE	NONE	56,693	0	0
Raytheon	COMMON STOCK	755111507	1,133	8,320	SH		SOLE	NONE	8,320	0	0
RCI Hospitality Holdings, Inc.	COMMON STOCK	74934Q108	129	11,200	SH		SOLE	NONE	11,200	0	0
Republic Services	COMMON STOCK	760759100	2,182	43,256	SH		SOLE	NONE	43,256	0	0
Royal Dutch Shell Cl B	COMMON STOCK	780259107	181	3,427	SH		SOLE	NONE	3,427	0	0
Rush Enterprises Cl B	COMMON STOCK	781846308	131	5,402	SH		SOLE	NONE	5,402	0	0
Ryder System, Inc.	COMMON STOCK	783549108	1,835	27,830	SH		SOLE	NONE	27,830	0	0
S & P 500 Index Fund	ETF/ETN	78462F103	1,447	6,692	SH		SOLE	NONE	6,692	0	0
Scana Corp New	COMMON STOCK	80589M102	390	5,388	SH		SOLE	NONE	5,388	0	0
Schlumberger Limited	COMMON STOCK	806857108	716	9,104	SH		SOLE	NONE	9,104	0	0
Seaboard Corp.	COMMON STOCK	811543107	784	228	SH		SOLE	NONE	228	0	0
Sealed Air Corp New	COMMON STOCK	81211K100	2,221	48,470	SH		SOLE	NONE	48,470	0	0
Simon Ppty Grp	REIT	828806109	104	500	SH		SOLE	NONE	500	0	0
Sonoco Products	COMMON STOCK	835495102	2,264	42,859	SH		SOLE	NONE	42,859	0	0
Southern Co	COMMON STOCK	842587107	196	3,820	SH		SOLE	NONE	3,820	0	0
Southwest Air	COMMON STOCK	844741108	183	4,700	SH		SOLE	NONE	4,700	0	0
SPDR S&P Dividend ETF	ETF/ETN	78464A763	123	1,460	SH		SOLE	NONE	1,460	0	0
Starbucks	COMMON STOCK	855244109	972	17,958	SH		SOLE	NONE	17,958	0	0
Starwood Ppty Trust, Inc.	REIT	85571B105	509	22,600	SH		SOLE	NONE	22,600	0	0
Streettracks Gold Shrs	ETF/ETN	78463V107	1,611	12,823	SH		SOLE	NONE	12,823	0	0
Stryker Corp	COMMON STOCK	863667101	2,200	18,895	SH		SOLE	NONE	18,895	0	0
T Rowe Price Group, Inc.	ETF/ETN	74144T108	130	1,960	SH		SOLE	NONE	1,960	0	0
Texas Instruments	COMMON STOCK	882508104	112	1,600	SH		SOLE	NONE	1,600	0	0
The GEO Group, Inc	REIT	36162J106	248	10,430	SH		SOLE	NONE	10,430	0	0
Time Warner Inc	COMMON STOCK	887317303	119	1,500	SH		SOLE	NONE	1,500	0	0
Tompkins Financial Corp	COMMON STOCK	890110109	130	1,700	SH		SOLE	NONE	1,700	0	0
Travelers Cos Inc.	COMMON STOCK	89417E109	257	2,245	SH		SOLE	NONE	2,245	0	0
Trustco Bk Corp Ny	COMMON STOCK	898349105	177	25,000	SH		SOLE	NONE	25,000	0	0
Twenty-First Century Fox, Cl B	COMMON STOCK	90130A200	460	18,600	SH		SOLE	NONE	18,600	0	0
UGI Corp	COMMON STOCK	902681105	1,502	33,207	SH		SOLE	NONE	33,207	0	0
Unilever PLC	COMMON STOCK	904767704	1,096	23,114	SH		SOLE	NONE	23,114	0	0
Union Pacific Corporation	COMMON STOCK	907818108	5,165	52,961	SH		SOLE	NONE	52,961	0	0
United Technologies Corp.	COMMON STOCK	913017109	1,967	19,361	SH		SOLE	NONE	19,361	0	0
Unitedhealth Group	COMMON STOCK	91324P102	398	2,840	SH		SOLE	NONE	2,840	0	0
Urstadt Biddle Pptys	REIT	917286106	977	53,962	SH		SOLE	NONE	53,962	0	0
Urstadt Biddle Pptys 6.75% 12/	PREFERRED STOCK	917286809	500	18,975	SH		SOLE	NONE	18,975	0	0
Urstadt Biddle Pptys Inc Cl A	REIT	917286205	1,546	69,564	SH		SOLE	NONE	69,564	0	0
Urstadt Biddle Pptys Inc Pfd S	PREFERRED STOCK	917286700	674	25,750	SH		SOLE	NONE	25,750	0	0
US Bancorp	COMMON STOCK	902973304	4,037	94,123	SH		SOLE	NONE	94,123	0	0
V F Corp	COMMON STOCK	918204108	174	3,100	SH		SOLE	NONE	3,100	0	0
Vanguard Consumer Staples ETF	ETF/ETN	92204A207	438	3,200	SH		SOLE	NONE	3,200	0	0
Vanguard Energy ETF	ETF/ETN	92204A306	5,942	60,823	SH		SOLE	NONE	60,823	0	0
Vanguard Extended Mkt ETF	ETF/ETN	922908652	2,220	24,318	SH		SOLE	NONE	24,318	0	0
Vanguard Financials ETF	ETF/ETN	92204A405	1,573	31,858	SH		SOLE	NONE	31,858	0	0
Vanguard Global ex-US Real Est	ETF/ETN	922042676	267	4,750	SH		SOLE	NONE	4,750	0	0
Vanguard Growth ETF	ETF/ETN	922908736	312	2,781	SH		SOLE	NONE	2,781	0	0
Vanguard Health Care ETF	ETF/ETN	92204A504	1,561	11,750	SH		SOLE	NONE	11,750	0	0
Vanguard High Dividend Yield I	ETF/ETN	921946406	15,703	217,672	SH		SOLE	NONE	217,672	0	0
Vanguard Information Technolog	ETF/ETN	92204A702	9,863	81,938	SH		SOLE	NONE	81,938	0	0
Vanguard Intermediate-Term Cor	ETF/ETN	92206C870	791	8,830	SH		SOLE	NONE	8,830	0	0
Vanguard Mega Cap ETF	ETF/ETN	921910873	4,203	56,995	SH		SOLE	NONE	56,995	0	0
Vanguard Mid-Cap Value ETF	ETF/ETN	922908512	152	1,621	SH		SOLE	NONE	1,621	0	0
Vanguard REIT ETF	ETF/ETN	922908553	2,702	31,151	SH		SOLE	NONE	31,151	0	0
Vanguard S&P 500 ETF	ETF/ETN	922908363	6,975	35,105	SH		SOLE	NONE	35,105	0	0
Vanguard Short Term Bond ETF	ETF/ETN	921937827	703	8,700	SH		SOLE	NONE	8,700	0	0
Vanguard Short-Term Corporate	ETF/ETN	92206C409	121	1,500	SH		SOLE	NONE	1,500	0	0
Vanguard Small Cap Value ETF	ETF/ETN	922908611	2,384	21,540	SH		SOLE	NONE	21,540	0	0
Vanguard Total Stock Mkt ETF	ETF/ETN	922908769	23,716	213,023	SH		SOLE	NONE	213,023	0	0
Vanguard Total World Stk Index	ETF/ETN	922042742	3,141	51,620	SH		SOLE	NONE	51,620	0	0
Vanguard Utilities ETF	ETF/ETN	92204A876	1,650	15,428	SH		SOLE	NONE	15,428	0	0
Vanguard Value ETF	ETF/ETN	922908744	173	1,991	SH		SOLE	NONE	1,991	0	0
Vectren Corp	COMMON STOCK	92240G101	1,089	21,683	SH		SOLE	NONE	21,683	0	0
Ventas Inc.	COMMON STOCK	92276F100	706	10,000	SH		SOLE	NONE	10,000	0	0
VeriFone Systems, Inc.	COMMON STOCK	92342Y109	286	18,160	SH		SOLE	NONE	18,160	0	0
Verizon Communications	COMMON STOCK	92343V104	3,229	62,117	SH		SOLE	NONE	62,117	0	0
Visa Inc	COMMON STOCK	92826C839	504	6,092	SH		SOLE	NONE	6,092	0	0
Vodafone Group PLC	COMMON STOCK	92857W100	825	28,295	SH		SOLE	NONE	28,295	0	0
Wabash National Corp.	COMMON STOCK	929566107	1,218	85,530	SH		SOLE	NONE	85,530	0	0
Wal-Mart Stores	COMMON STOCK	931142103	1,585	21,973	SH		SOLE	NONE	21,973	0	0
Walt Disney Co.	COMMON STOCK	254687106	3,258	35,080	SH		SOLE	NONE	35,080	0	0
Waste Management	COMMON STOCK	94106L109	830	13,016	SH		SOLE	NONE	13,016	0	0
Wells Fargo & Co	COMMON STOCK	949746101	1,030	23,260	SH		SOLE	NONE	23,260	0	0
Western Asset High Income Oppo	ETF/ETN	95766K109	92	18,124	SH		SOLE	NONE	18,124	0	0
Weyerhaeuser	COMMON STOCK	962166104	2,303	72,113	SH		SOLE	NONE	72,113	0	0
Whirlpool Corp	COMMON STOCK	963320106	999	6,160	SH		SOLE	NONE	6,160	0	0
WisdomTree DEFA ETF	ETF/ETN	97717W703	3,307	70,265	SH		SOLE	NONE	70,265	0	0
WisdomTree Emerging Mkts Small	ETF/ETN	97717W281	2,684	64,289	SH		SOLE	NONE	64,289	0	0
Xylem Inc	COMMON STOCK	98419M100	440	8,381	SH		SOLE	NONE	8,381	0	0
Zimmer Biomet Holdings, Inc.	COMMON STOCK	98956P102	179	1,380	SH		SOLE	NONE	1,380	0	0