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	1,152	5,487	SH		SOLE	NONE	5,487	0	0
Abbott Laboratories	COMMON STOCK	002824100	2,103	39,404	SH		SOLE	NONE	39,404	0	0
AbbVie Inc.	COMMON STOCK	00287Y109	2,229	25,082	SH		SOLE	NONE	25,082	0	0
ABM Industries	COMMON STOCK	000957100	619	14,850	SH		SOLE	NONE	14,850	0	0
Accenture PLC	COMMON STOCK	G1151C101	217	1,610	SH		SOLE	NONE	1,610	0	0
Alaska Air Group	COMMON STOCK	011659109	446	5,850	SH		SOLE	NONE	5,850	0	0
Alaska Communications Systems	COMMON STOCK	01167P101	30	13,000	SH		SOLE	NONE	13,000	0	0
Alexander & Baldwin	COMMON STOCK	014491104	750	16,187	SH		SOLE	NONE	16,187	0	0
AllianceBernstein Holding L.P.	COMMON STOCK	01881G106	158	6,500	SH		SOLE	NONE	6,500	0	0
Allstate	COMMON STOCK	020002101	120	1,310	SH		SOLE	NONE	1,310	0	0
Alphabet Inc. CL A	COMMON STOCK	02079K305	2,013	2,067	SH		SOLE	NONE	2,067	0	0
Alphabet Inc. CL C	COMMON STOCK	02079K107	3,092	3,224	SH		SOLE	NONE	3,224	0	0
Altria Group	COMMON STOCK	718154107	345	5,446	SH		SOLE	NONE	5,446	0	0
Amazon.com Inc.	COMMON STOCK	023135106	1,194	1,242	SH		SOLE	NONE	1,242	0	0
American Express	COMMON STOCK	025816109	1,324	14,639	SH		SOLE	NONE	14,639	0	0
AmerisourceBergen Corp.	COMMON STOCK	03073E105	4,193	50,670	SH		SOLE	NONE	50,670	0	0
Amgen Inc	COMMON STOCK	031162100	108	577	SH		SOLE	NONE	577	0	0
Anadarko Pete Corp	COMMON STOCK	032511107	133	2,725	SH		SOLE	NONE	2,725	0	0
Anheuser-Busch InBev	COMMON STOCK	035229103	280	2,350	SH		SOLE	NONE	2,350	0	0
Apollo Commercial Real Estate	REIT	03762U105	536	29,616	SH		SOLE	NONE	29,616	0	0
Apple Computer	COMMON STOCK	037833100	2,609	16,927	SH		SOLE	NONE	16,927	0	0
AptarGroup Inc	COMMON STOCK	038336103	129	1,500	SH		SOLE	NONE	1,500	0	0
Archer Daniels Midland	COMMON STOCK	039483102	334	7,850	SH		SOLE	NONE	7,850	0	0
Armada Hoffler Properties, Inc	COMMON STOCK	04208T108	313	22,700	SH		SOLE	NONE	22,700	0	0
AT&T	COMMON STOCK	00206R102	462	11,801	SH		SOLE	NONE	11,801	0	0
Automatic Data Processing	COMMON STOCK	053015103	549	5,020	SH		SOLE	NONE	5,020	0	0
Baldwin & Lyons Inc CL B	COMMON STOCK	057755209	141	6,250	SH		SOLE	NONE	6,250	0	0
Ball Corp	COMMON STOCK	058498106	2,313	55,996	SH		SOLE	NONE	55,996	0	0
Bank of America	COMMON STOCK	060505104	370	14,600	SH		SOLE	NONE	14,600	0	0
Bank of New York Mellon	COMMON STOCK	064058100	2,823	53,248	SH		SOLE	NONE	53,248	0	0
Bank of Nova Scotia	COMMON STOCK	064149107	851	13,253	SH		SOLE	NONE	13,253	0	0
BCE Inc.	COMMON STOCK	05534B760	501	10,700	SH		SOLE	NONE	10,700	0	0
Becton Dickinson Co	COMMON STOCK	075887109	157	800	SH		SOLE	NONE	800	0	0
Berkshire Hathaway Cl A	COMMON STOCK	084670108	5,770	21	SH		SOLE	NONE	21	0	0
Berkshire Hathaway Cl B	COMMON STOCK	084670702	12,353	67,385	SH		SOLE	NONE	67,385	0	0
Bluerock Residential PFD A	PREFERRED STOCK	09627J508	139	5,300	SH		SOLE	NONE	5,300	0	0
Boeing	COMMON STOCK	097023105	583	2,295	SH		SOLE	NONE	2,295	0	0
BP p.l.c.	COMMON STOCK	055622104	284	7,400	SH		SOLE	NONE	7,400	0	0
Bristol Myers Squibb	COMMON STOCK	110122108	2,126	33,352	SH		SOLE	NONE	33,352	0	0
Brixmor Property Group Inc.	COMMON STOCK	11120U105	942	50,095	SH		SOLE	NONE	50,095	0	0
Broadridge Financial Solutions	COMMON STOCK	11133T103	230	2,850	SH		SOLE	NONE	2,850	0	0
Campbell Soup Company	COMMON STOCK	134429109	308	6,582	SH		SOLE	NONE	6,582	0	0
Canadian National Railway Co.	COMMON STOCK	136375102	356	4,300	SH		SOLE	NONE	4,300	0	0
Carriage Services	COMMON STOCK	143905107	157	6,150	SH		SOLE	NONE	6,150	0	0
Caterpillar	COMMON STOCK	149123101	120	965	SH		SOLE	NONE	965	0	0
Central Fund of Canada Ltd.	ETF/ETN	153501101	241	19,000	SH		SOLE	NONE	19,000	0	0
ChevronTexaco	COMMON STOCK	166764100	1,516	12,904	SH		SOLE	NONE	12,904	0	0
Cisco Systems	COMMON STOCK	17275R102	507	15,073	SH		SOLE	NONE	15,073	0	0
City Office Reit Red PFD Ser A	PREFERRED STOCK	178587200	273	10,500	SH		SOLE	NONE	10,500	0	0
Clarus Corp.	COMMON STOCK	18270P109	193	25,796	SH		SOLE	NONE	25,796	0	0
Clorox Company	COMMON STOCK	189054109	732	5,551	SH		SOLE	NONE	5,551	0	0
Coca-Cola Company	COMMON STOCK	191216100	1,004	22,301	SH		SOLE	NONE	22,301	0	0
Coca-Cola European Partners PL	COMMON STOCK	G25839104	414	9,945	SH		SOLE	NONE	9,945	0	0
Comcast Corporation	COMMON STOCK	20030N101	2,152	55,926	SH		SOLE	NONE	55,926	0	0
Consolidated Edison	COMMON STOCK	209115104	152	1,884	SH		SOLE	NONE	1,884	0	0
Corning Inc	COMMON STOCK	219350105	186	6,200	SH		SOLE	NONE	6,200	0	0
Costco Wholesale	COMMON STOCK	22160K105	1,474	8,973	SH		SOLE	NONE	8,973	0	0
Deere & Company	COMMON STOCK	244199105	648	5,161	SH		SOLE	NONE	5,161	0	0
Diageo PLC	COMMON STOCK	25243Q205	295	2,235	SH		SOLE	NONE	2,235	0	0
Dominion Resources	COMMON STOCK	25746U109	625	8,127	SH		SOLE	NONE	8,127	0	0
DowDuPont Inc.	COMMON STOCK	26078J100	2,388	34,490	SH		SOLE	NONE	34,490	0	0
Duke Energy	COMMON STOCK	264399106	210	2,504	SH		SOLE	NONE	2,504	0	0
Edwards Lifesciences	COMMON STOCK	28176E108	191	1,750	SH		SOLE	NONE	1,750	0	0
EOG Resources	COMMON STOCK	26875P101	101	1,044	SH		SOLE	NONE	1,044	0	0
Equity Residential	REIT	29476L107	165	2,500	SH		SOLE	NONE	2,500	0	0
Eversource Energy	COMMON STOCK	30040W108	965	15,965	SH		SOLE	NONE	15,965	0	0
Exxon Mobil	COMMON STOCK	30231G102	1,600	19,520	SH		SOLE	NONE	19,520	0	0
Facebook Inc	COMMON STOCK	30303M102	624	3,651	SH		SOLE	NONE	3,651	0	0
Fedex Corp	COMMON STOCK	31428X106	1,072	4,750	SH		SOLE	NONE	4,750	0	0
Fiat Chrysler Automobiles N.V.	COMMON STOCK	N31738102	2,061	115,050	SH		SOLE	NONE	115,050	0	0
Flexshares Quality Dividend In	ETF/ETN	33939L860	514	12,120	SH		SOLE	NONE	12,120	0	0
Fomento Economico Mexicano	COMMON STOCK	344419106	4,535	47,472	SH		SOLE	NONE	47,472	0	0
Fresh Del Monte Produce Inc.	COMMON STOCK	G36738105	2,832	62,301	SH		SOLE	NONE	62,301	0	0
Gabelli Global Sml & Md Cap PF	ETF/ETN	36249W203	128	5,000	SH		SOLE	NONE	5,000	0	0
General American Investors Co.	COMMON STOCK	368802104	217	6,036	SH		SOLE	NONE	6,036	0	0
General Electric	COMMON STOCK	369604103	436	18,050	SH		SOLE	NONE	18,050	0	0
General Mills	COMMON STOCK	370334104	2,860	55,259	SH		SOLE	NONE	55,259	0	0
General Motors	COMMON STOCK	37045V100	483	11,950	SH		SOLE	NONE	11,950	0	0
GlaxoSmithKline Plc Adr	COMMON STOCK	37733W105	128	3,150	SH		SOLE	NONE	3,150	0	0
Goldman Sachs TreasuryAccess 0	ETF/ETN	381430529	1,573	15,704	SH		SOLE	NONE	15,704	0	0
Hasbro	COMMON STOCK	418056107	283	2,900	SH		SOLE	NONE	2,900	0	0
Hexcel Corp.	COMMON STOCK	428291108	4,754	82,785	SH		SOLE	NONE	82,785	0	0
Highwoods Properties Inc.	REIT	431284108	781	15,000	SH		SOLE	NONE	15,000	0	0
Home Depot	COMMON STOCK	437076102	1,113	6,806	SH		SOLE	NONE	6,806	0	0
Honeywell Intl.	COMMON STOCK	438516106	2,929	20,666	SH		SOLE	NONE	20,666	0	0
Host Hotels & Resorts, Inc.	REIT	44107P104	1,411	76,315	SH		SOLE	NONE	76,315	0	0
Houston Wire & Cable Company	COMMON STOCK	44244K109	60	11,500	SH		SOLE	NONE	11,500	0	0
Humana Inc.	COMMON STOCK	444859102	244	1,000	SH		SOLE	NONE	1,000	0	0
Imperial Oil Ltd.	COMMON STOCK	453038408	413	12,923	SH		SOLE	NONE	12,923	0	0
Ingles Markets, Inc.	COMMON STOCK	457030104	1,016	39,541	SH		SOLE	NONE	39,541	0	0
Intel	COMMON STOCK	458140100	982	25,781	SH		SOLE	NONE	25,781	0	0
Intl Paper Co.	COMMON STOCK	460146103	3,647	64,177	SH		SOLE	NONE	64,177	0	0
Investors Title	COMMON STOCK	461804106	945	5,277	SH		SOLE	NONE	5,277	0	0
iShares 1-3 Yr Treas Index Fd	ETF/ETN	464287457	346	4,100	SH		SOLE	NONE	4,100	0	0
iShares DJ US Oil Equip & Svcs	ETF/ETN	464288844	598	16,920	SH		SOLE	NONE	16,920	0	0
iShares Edge MSCI Multifactor	ETF/ETN	46434V274	442	15,781	SH		SOLE	NONE	15,781	0	0
iShares Edge MSCI USA Quality	ETF/ETN	46432F339	193	2,500	SH		SOLE	NONE	2,500	0	0
iShares Global Telecom Fd	ETF/ETN	464287275	1,489	24,667	SH		SOLE	NONE	24,667	0	0
iShares Hong Kong Index Fd	ETF/ETN	464286871	160	6,475	SH		SOLE	NONE	6,475	0	0
iShares MSCI EAFE Minimum Vola	ETF/ETN	46429B689	7,812	109,930	SH		SOLE	NONE	109,930	0	0
iShares MSCI Emerging Markets	ETF/ETN	464286533	175	3,020	SH		SOLE	NONE	3,020	0	0
iShares Russell 1000	ETF/ETN	464287622	266	1,899	SH		SOLE	NONE	1,899	0	0
iShares Russell 1000 Growth In	ETF/ETN	464287614	201	1,606	SH		SOLE	NONE	1,606	0	0
iShares Russell 1000 Value Ind	ETF/ETN	464287598	325	2,738	SH		SOLE	NONE	2,738	0	0
iShares Russell Mid-Cap Index	ETF/ETN	464287499	257	1,303	SH		SOLE	NONE	1,303	0	0
iShares Russell Midcap Value I	ETF/ETN	464287473	362	4,266	SH		SOLE	NONE	4,266	0	0
iShares Tr Russell 2000 Index	ETF/ETN	464287655	120	807	SH		SOLE	NONE	807	0	0
iShares US Preferred Stock	ETF/ETN	464288687	123	3,169	SH		SOLE	NONE	3,169	0	0
ITT Inc.	COMMON STOCK	45073V108	1,074	24,249	SH		SOLE	NONE	24,249	0	0
J P Morgan Chase	COMMON STOCK	46625H100	1,906	19,959	SH		SOLE	NONE	19,959	0	0
JM Smucker	COMMON STOCK	832696405	261	2,487	SH		SOLE	NONE	2,487	0	0
John Bean Technologies	COMMON STOCK	477839104	2,517	24,894	SH		SOLE	NONE	24,894	0	0
Johnson & Johnson	COMMON STOCK	478160104	4,322	33,241	SH		SOLE	NONE	33,241	0	0
Kimberly Clark	COMMON STOCK	494368103	2,078	17,658	SH		SOLE	NONE	17,658	0	0
Kraft Heinz Co.	COMMON STOCK	500754106	243	3,133	SH		SOLE	NONE	3,133	0	0
Kroger	COMMON STOCK	501044101	5,021	250,286	SH		SOLE	NONE	250,286	0	0
Laboratory Corp of America Hol	COMMON STOCK	50540R409	989	6,550	SH		SOLE	NONE	6,550	0	0
Luxfer Holdings PLC	COMMON STOCK	550678106	139	11,200	SH		SOLE	NONE	11,200	0	0
Marathon Petroleum Corp	COMMON STOCK	56585A102	1,389	24,766	SH		SOLE	NONE	24,766	0	0
Marriott International, Inc.	COMMON STOCK	571903202	147	1,330	SH		SOLE	NONE	1,330	0	0
MartenTransport Ltd.	COMMON STOCK	573075108	701	34,127	SH		SOLE	NONE	34,127	0	0
Matson Navigation Co.	COMMON STOCK	57686G105	625	22,187	SH		SOLE	NONE	22,187	0	0
Merck & Co Inc	COMMON STOCK	58933Y105	1,889	29,497	SH		SOLE	NONE	29,497	0	0
Microsoft	COMMON STOCK	594918104	5,848	78,503	SH		SOLE	NONE	78,503	0	0
Mid-America Apartment Communit	REIT	59522J103	582	5,450	SH		SOLE	NONE	5,450	0	0
Mine Safety Appliances	COMMON STOCK	602720104	398	5,000	SH		SOLE	NONE	5,000	0	0
Molson Coors Brewing Company	COMMON STOCK	60871R209	2,864	35,086	SH		SOLE	NONE	35,086	0	0
Mondelez International Inc.	COMMON STOCK	609207105	362	8,906	SH		SOLE	NONE	8,906	0	0
Multi Color Corp.	COMMON STOCK	625383104	725	8,851	SH		SOLE	NONE	8,851	0	0
NBT Bancorp Inc	COMMON STOCK	628778102	367	10,000	SH		SOLE	NONE	10,000	0	0
New York Times	COMMON STOCK	650111107	294	15,000	SH		SOLE	NONE	15,000	0	0
NextEra Energy Inc New	COMMON STOCK	65339F101	423	2,888	SH		SOLE	NONE	2,888	0	0
Nike, Inc.	COMMON STOCK	654106103	1,711	32,993	SH		SOLE	NONE	32,993	0	0
Nordstrom Inc.	COMMON STOCK	655664100	3,788	80,333	SH		SOLE	NONE	80,333	0	0
Norfolk Southern Crp	COMMON STOCK	655844108	500	3,780	SH		SOLE	NONE	3,780	0	0
Northrop Grumman Corp.	COMMON STOCK	666807102	6,017	20,912	SH		SOLE	NONE	20,912	0	0
Novartis AG Adr	COMMON STOCK	66987V109	3,743	43,594	SH		SOLE	NONE	43,594	0	0
NTT Docomo Inc. ADR	COMMON STOCK	62942M201	123	5,400	SH		SOLE	NONE	5,400	0	0
Nuveen CA Muni Advantage Fund	ETF/ETN	67066Y105	149	10,000	SH		SOLE	NONE	10,000	0	0
Oracle	COMMON STOCK	68389X105	351	7,262	SH		SOLE	NONE	7,262	0	0
Park City Group Inc.	COMMON STOCK	700215304	224	18,450	SH		SOLE	NONE	18,450	0	0
Pepsico, Inc.	COMMON STOCK	713448108	6,229	55,905	SH		SOLE	NONE	55,905	0	0
Pfizer Inc.	COMMON STOCK	717081103	1,433	40,143	SH		SOLE	NONE	40,143	0	0
Philip Morris Intl	COMMON STOCK	718172109	273	2,460	SH		SOLE	NONE	2,460	0	0
Phillips 66	COMMON STOCK	718546104	177	1,935	SH		SOLE	NONE	1,935	0	0
Pimco ETF Short Maturity Str	ETF/ETN	72201R833	2,036	20,000	SH		SOLE	NONE	20,000	0	0
Pope Resources a Delaware LP	COMMON STOCK	732857107	113	1,600	SH		SOLE	NONE	1,600	0	0
Portland Gen Elec Co	COMMON STOCK	736508847	974	21,340	SH		SOLE	NONE	21,340	0	0
Potlatch Corp	COMMON STOCK	737630103	469	9,201	SH		SOLE	NONE	9,201	0	0
PowerShares FTSE RAFI US 1000	ETF/ETN	73935X583	7,846	73,223	SH		SOLE	NONE	73,223	0	0
Powershares High Yield Corp Bo	ETF/ETN	73936T557	2,918	152,915	SH		SOLE	NONE	152,915	0	0
PowerShares QQQ	ETF/ETN	631100104	677	4,657	SH		SOLE	NONE	4,657	0	0
PPL Corp.	COMMON STOCK	69351T106	1,143	30,117	SH		SOLE	NONE	30,117	0	0
Procter & Gamble	COMMON STOCK	742718109	1,232	13,546	SH		SOLE	NONE	13,546	0	0
ProLogis	COMMON STOCK	743410102	666	10,500	SH		SOLE	NONE	10,500	0	0
Quest Diagnostics Inc.	COMMON STOCK	74834L100	211	2,250	SH		SOLE	NONE	2,250	0	0
Radisys Corp.	COMMON STOCK	750459109	21	15,000	SH		SOLE	NONE	15,000	0	0
Rayonier	REIT	754907103	2,022	70,004	SH		SOLE	NONE	70,004	0	0
Raytheon	COMMON STOCK	755111507	1,610	8,630	SH		SOLE	NONE	8,630	0	0
Rush Enterprises Cl B	COMMON STOCK	781846308	146	3,350	SH		SOLE	NONE	3,350	0	0
S & P 500 Index Fund	ETF/ETN	78462F103	1,681	6,692	SH		SOLE	NONE	6,692	0	0
Scana Corp New	COMMON STOCK	80589M102	231	4,755	SH		SOLE	NONE	4,755	0	0
Schlumberger Limited	COMMON STOCK	806857108	685	9,819	SH		SOLE	NONE	9,819	0	0
Seaboard Corp.	COMMON STOCK	811543107	1,068	237	SH		SOLE	NONE	237	0	0
Sonoco Products	COMMON STOCK	835495102	2,207	43,754	SH		SOLE	NONE	43,754	0	0
Southern Co	COMMON STOCK	842587107	183	3,720	SH		SOLE	NONE	3,720	0	0
Southwest Air	COMMON STOCK	844741108	296	5,280	SH		SOLE	NONE	5,280	0	0
SPDR S&P Dividend ETF	ETF/ETN	78464A763	133	1,460	SH		SOLE	NONE	1,460	0	0
Starbucks	COMMON STOCK	855244109	913	16,990	SH		SOLE	NONE	16,990	0	0
Starwood Ppty Trust, Inc.	REIT	85571B105	1,071	49,300	SH		SOLE	NONE	49,300	0	0
Streettracks Gold Shrs	ETF/ETN	78463V107	1,955	16,078	SH		SOLE	NONE	16,078	0	0
Stryker Corp	COMMON STOCK	863667101	3,747	26,384	SH		SOLE	NONE	26,384	0	0
Superior Inds Intl	COMMON STOCK	868168105	241	14,500	SH		SOLE	NONE	14,500	0	0
T Rowe Price Group, Inc.	COMMON STOCK	74144T108	178	1,960	SH		SOLE	NONE	1,960	0	0
Texas Instruments	COMMON STOCK	882508104	130	1,450	SH		SOLE	NONE	1,450	0	0
The GEO Group, Inc	COMMON STOCK	36162J106	403	14,976	SH		SOLE	NONE	14,976	0	0
Time Warner Inc	COMMON STOCK	887317303	154	1,500	SH		SOLE	NONE	1,500	0	0
Tompkins Financial Corp	COMMON STOCK	890110109	146	1,700	SH		SOLE	NONE	1,700	0	0
Travelers Cos Inc.	COMMON STOCK	89417E109	293	2,395	SH		SOLE	NONE	2,395	0	0
Trustco Bk Corp Ny	COMMON STOCK	898349105	205	23,000	SH		SOLE	NONE	23,000	0	0
Twenty-First Century Fox, Cl B	COMMON STOCK	90130A200	103	4,000	SH		SOLE	NONE	4,000	0	0
UGI Corp	COMMON STOCK	902681105	1,138	24,276	SH		SOLE	NONE	24,276	0	0
UMH Pptys Inc PFD C 6.750	PREFERRED STOCK	903002400	134	5,000	SH		SOLE	NONE	5,000	0	0
Unilever PLC	COMMON STOCK	904767704	1,378	23,770	SH		SOLE	NONE	23,770	0	0
Union Pacific Corporation	COMMON STOCK	907818108	6,023	51,940	SH		SOLE	NONE	51,940	0	0
United Technologies Corp.	COMMON STOCK	913017109	2,030	17,488	SH		SOLE	NONE	17,488	0	0
Unitedhealth Group	COMMON STOCK	91324P102	370	1,890	SH		SOLE	NONE	1,890	0	0
Urstadt Biddle Pptys	COMMON STOCK	917286106	1,057	58,600	SH		SOLE	NONE	58,600	0	0
Urstadt Biddle Pptys 6.75 12/	PREFERRED STOCK	917286809	569	21,775	SH		SOLE	NONE	21,775	0	0
Urstadt Biddle Pptys Inc Cl A	COMMON STOCK	917286205	2,054	94,664	SH		SOLE	NONE	94,664	0	0
Urstadt Biddle Pptys Inc Cum P	PREFERRED STOCK	917286882	879	34,000	SH		SOLE	NONE	34,000	0	0
Urstadt Biddle Pptys Pfd Ser F	PREFERRED STOCK	917286700	679	26,750	SH		SOLE	NONE	26,750	0	0
US Bancorp	COMMON STOCK	902973304	4,978	92,896	SH		SOLE	NONE	92,896	0	0
V F Corp	COMMON STOCK	918204108	197	3,100	SH		SOLE	NONE	3,100	0	0
Vanguard Consumer Staples ETF	ETF/ETN	92204A207	125	900	SH		SOLE	NONE	900	0	0
Vanguard Energy ETF	ETF/ETN	92204A306	4,260	45,520	SH		SOLE	NONE	45,520	0	0
Vanguard Extended Mkt ETF	ETF/ETN	922908652	2,566	23,952	SH		SOLE	NONE	23,952	0	0
Vanguard Financials ETF	ETF/ETN	92204A405	1,672	25,583	SH		SOLE	NONE	25,583	0	0
Vanguard FTSE All World ex-US	ETF/ETN	922042718	1,516	13,190	SH		SOLE	NONE	13,190	0	0
Vanguard FTSE Emerging Mkts ET	ETF/ETN	922042858	149	3,416	SH		SOLE	NONE	3,416	0	0
Vanguard Global ex-US Real Est	ETF/ETN	922042676	371	6,250	SH		SOLE	NONE	6,250	0	0
Vanguard Growth ETF	ETF/ETN	922908736	298	2,247	SH		SOLE	NONE	2,247	0	0
Vanguard Health Care ETF	ETF/ETN	92204A504	1,774	11,650	SH		SOLE	NONE	11,650	0	0
Vanguard High Dividend Yield I	ETF/ETN	921946406	17,545	216,420	SH		SOLE	NONE	216,420	0	0
Vanguard Information Technolog	ETF/ETN	92204A702	15,321	100,803	SH		SOLE	NONE	100,803	0	0
Vanguard Intermediate-Term Cor	ETF/ETN	92206C870	830	9,430	SH		SOLE	NONE	9,430	0	0
Vanguard Mega Cap ETF	ETF/ETN	921910873	3,161	36,637	SH		SOLE	NONE	36,637	0	0
Vanguard Mid-Cap Value ETF	ETF/ETN	922908512	754	7,140	SH		SOLE	NONE	7,140	0	0
Vanguard REIT ETF	ETF/ETN	922908553	3,019	36,329	SH		SOLE	NONE	36,329	0	0
Vanguard S&P 500 ETF	ETF/ETN	922908363	9,477	41,067	SH		SOLE	NONE	41,067	0	0
Vanguard Short Term Bond ETF	ETF/ETN	921937827	958	12,000	SH		SOLE	NONE	12,000	0	0
Vanguard Small Cap Value ETF	ETF/ETN	922908611	3,472	27,169	SH		SOLE	NONE	27,169	0	0
Vanguard Total International S	ETF/ETN	921909768	516	9,434	SH		SOLE	NONE	9,434	0	0
Vanguard Total Stock Mkt ETF	ETF/ETN	922908769	31,073	239,912	SH		SOLE	NONE	239,912	0	0
Vanguard Total World Stk Index	ETF/ETN	922042742	4,060	57,407	SH		SOLE	NONE	57,407	0	0
Vanguard Utilities ETF	ETF/ETN	92204A876	1,398	11,974	SH		SOLE	NONE	11,974	0	0
Vanguard Value ETF	ETF/ETN	922908744	179	1,791	SH		SOLE	NONE	1,791	0	0
Vectren Corp	COMMON STOCK	92240G101	1,298	19,733	SH		SOLE	NONE	19,733	0	0
Ventas Inc.	COMMON STOCK	92276F100	300	4,610	SH		SOLE	NONE	4,610	0	0
VeriFone Systems, Inc.	COMMON STOCK	92342Y109	568	27,990	SH		SOLE	NONE	27,990	0	0
Verizon Communications	COMMON STOCK	92343V104	3,262	65,907	SH		SOLE	NONE	65,907	0	0
Visa Inc	COMMON STOCK	92826C839	659	6,262	SH		SOLE	NONE	6,262	0	0
Vodafone Group PLC	COMMON STOCK	92857W100	1,310	46,013	SH		SOLE	NONE	46,013	0	0
Wabash National Corp.	COMMON STOCK	929566107	2,447	107,215	SH		SOLE	NONE	107,215	0	0
Wal-Mart Stores	COMMON STOCK	931142103	1,961	25,092	SH		SOLE	NONE	25,092	0	0
Walt Disney Co.	COMMON STOCK	254687106	3,485	35,352	SH		SOLE	NONE	35,352	0	0
Waste Management	COMMON STOCK	94106L109	862	11,017	SH		SOLE	NONE	11,017	0	0
Wells Fargo & Co	COMMON STOCK	949746101	1,351	24,489	SH		SOLE	NONE	24,489	0	0
Weyerhaeuser	REIT	962166104	2,097	61,614	SH		SOLE	NONE	61,614	0	0
Whirlpool Corp	COMMON STOCK	963320106	1,495	8,105	SH		SOLE	NONE	8,105	0	0
WisdomTree DEFA ETF	ETF/ETN	97717W703	6,123	112,440	SH		SOLE	NONE	112,440	0	0
WisdomTree Emerging Mkts Small	ETF/ETN	97717W281	4,296	87,610	SH		SOLE	NONE	87,610	0	0
Xylem Inc	COMMON STOCK	98419M100	482	7,698	SH		SOLE	NONE	7,698	0	0
Zimmer Biomet Holdings, Inc.	COMMON STOCK	98956P102	173	1,480	SH		SOLE	NONE	1,480	0	0