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	3,608	16,435	SH		SOLE	NONE	16,435	0	0
Abbott Laboratories	COMMON STOCK	002824100	919	15,340	SH		SOLE	NONE	15,340	0	0
AbbVie Inc.	COMMON STOCK	00287Y109	2,187	23,102	SH		SOLE	NONE	23,102	0	0
ABM Industries	COMMON STOCK	000957100	525	15,675	SH		SOLE	NONE	15,675	0	0
Accenture PLC	COMMON STOCK	G1151C101	239	1,560	SH		SOLE	NONE	1,560	0	0
Actinium Pharmaceuticals, Inc.	COMMON STOCK	00507W107	4	10,000	SH		SOLE	NONE	10,000	0	0
Alaska Air Group	COMMON STOCK	011659109	319	5,150	SH		SOLE	NONE	5,150	0	0
Alaska Communications Systems	COMMON STOCK	01167P101	21	11,500	SH		SOLE	NONE	11,500	0	0
Albemarle Corp	COMMON STOCK	012653101	1,797	19,375	SH		SOLE	NONE	19,375	0	0
Alexander & Baldwin	COMMON STOCK	014491104	385	16,651	SH		SOLE	NONE	16,651	0	0
Alibaba Group Holding Limited	COMMON STOCK	01609W102	104	565	SH		SOLE	NONE	565	0	0
AllianceBernstein Holding L.P.	COMMON STOCK	01881G106	269	10,000	SH		SOLE	NONE	10,000	0	0
Allstate	COMMON STOCK	020002101	124	1,310	SH		SOLE	NONE	1,310	0	0
Alphabet Inc. CL A	COMMON STOCK	02079K305	1,999	1,927	SH		SOLE	NONE	1,927	0	0
Alphabet Inc. CL C	COMMON STOCK	02079K107	3,500	3,392	SH		SOLE	NONE	3,392	0	0
Altria Group	COMMON STOCK	718154107	328	5,259	SH		SOLE	NONE	5,259	0	0
Amazon.com Inc.	COMMON STOCK	023135106	1,420	981	SH		SOLE	NONE	981	0	0
American Express	COMMON STOCK	025816109	1,366	14,639	SH		SOLE	NONE	14,639	0	0
AmerisourceBergen Corp.	COMMON STOCK	03073E105	4,262	49,440	SH		SOLE	NONE	49,440	0	0
Anadarko Pete Corp	COMMON STOCK	032511107	165	2,725	SH		SOLE	NONE	2,725	0	0
Anheuser-Busch InBev	COMMON STOCK	035229103	258	2,350	SH		SOLE	NONE	2,350	0	0
Apollo Commercial Real Estate	REIT	03762U105	506	28,116	SH		SOLE	NONE	28,116	0	0
Apple Computer	COMMON STOCK	037833100	2,804	16,710	SH		SOLE	NONE	16,710	0	0
AptarGroup Inc	COMMON STOCK	038336103	135	1,500	SH		SOLE	NONE	1,500	0	0
Archer Daniels Midland	COMMON STOCK	039483102	310	7,150	SH		SOLE	NONE	7,150	0	0
Armada Hoffler Properties, Inc	COMMON STOCK	04208T108	324	23,700	SH		SOLE	NONE	23,700	0	0
AT&T	COMMON STOCK	00206R102	385	10,794	SH		SOLE	NONE	10,794	0	0
Automatic Data Processing	COMMON STOCK	053015103	550	4,850	SH		SOLE	NONE	4,850	0	0
Ball Corp	COMMON STOCK	058498106	2,215	55,771	SH		SOLE	NONE	55,771	0	0
Bank of America	COMMON STOCK	060505104	378	12,600	SH		SOLE	NONE	12,600	0	0
Bank of New York Mellon	COMMON STOCK	064058100	1,012	19,646	SH		SOLE	NONE	19,646	0	0
Bank of Nova Scotia	COMMON STOCK	064149107	855	13,853	SH		SOLE	NONE	13,853	0	0
BCE Inc.	COMMON STOCK	05534B760	486	11,300	SH		SOLE	NONE	11,300	0	0
Becton Dickinson Co	COMMON STOCK	075887109	152	700	SH		SOLE	NONE	700	0	0
Berkshire Hathaway Cl A	COMMON STOCK	084670108	5,683	19	SH		SOLE	NONE	19	0	0
Berkshire Hathaway Cl B	COMMON STOCK	084670702	13,116	65,750	SH		SOLE	NONE	65,750	0	0
Bluerock Residential PFD A	PREFERRED STOCK	09627J508	132	5,300	SH		SOLE	NONE	5,300	0	0
Boeing	COMMON STOCK	097023105	649	1,980	SH		SOLE	NONE	1,980	0	0
BP p.l.c.	COMMON STOCK	055622104	410	10,110	SH		SOLE	NONE	10,110	0	0
Bristol Myers Squibb	COMMON STOCK	110122108	2,081	32,902	SH		SOLE	NONE	32,902	0	0
Brixmor Property Group Inc.	REIT	11120U105	393	25,775	SH		SOLE	NONE	25,775	0	0
Broadridge Financial Solutions	COMMON STOCK	11133T103	313	2,850	SH		SOLE	NONE	2,850	0	0
Canadian National Railway Co.	COMMON STOCK	136375102	210	2,872	SH		SOLE	NONE	2,872	0	0
Canon Inc.	COMMON STOCK	138006309	120	3,300	SH		SOLE	NONE	3,300	0	0
Carriage Services	COMMON STOCK	143905107	170	6,150	SH		SOLE	NONE	6,150	0	0
Caterpillar	COMMON STOCK	149123101	142	965	SH		SOLE	NONE	965	0	0
Central Fund of Canada Ltd.	ETF/ETN	153501101	251	19,001	SH		SOLE	NONE	19,001	0	0
ChevronTexaco	COMMON STOCK	166764100	1,455	12,756	SH		SOLE	NONE	12,756	0	0
Cisco Systems	COMMON STOCK	17275R102	604	14,073	SH		SOLE	NONE	14,073	0	0
City Office Reit Red PFD Ser A	PREFERRED STOCK	178587200	250	10,500	SH		SOLE	NONE	10,500	0	0
Clarus Corp.	COMMON STOCK	18270P109	132	19,500	SH		SOLE	NONE	19,500	0	0
Clorox Company	COMMON STOCK	189054109	589	4,423	SH		SOLE	NONE	4,423	0	0
Coca-Cola Company	COMMON STOCK	191216100	169	3,900	SH		SOLE	NONE	3,900	0	0
Comcast Corporation	COMMON STOCK	20030N101	2,344	68,596	SH		SOLE	NONE	68,596	0	0
Conoco Phillips	COMMON STOCK	718507106	109	1,840	SH		SOLE	NONE	1,840	0	0
Consolidated Edison	COMMON STOCK	209115104	121	1,550	SH		SOLE	NONE	1,550	0	0
Corning Inc	COMMON STOCK	219350105	170	6,100	SH		SOLE	NONE	6,100	0	0
Costco Wholesale	COMMON STOCK	22160K105	1,660	8,808	SH		SOLE	NONE	8,808	0	0
Deere & Company	COMMON STOCK	244199105	771	4,961	SH		SOLE	NONE	4,961	0	0
Diageo PLC	COMMON STOCK	25243Q205	289	2,135	SH		SOLE	NONE	2,135	0	0
Dominion Resources	COMMON STOCK	25746U109	414	6,137	SH		SOLE	NONE	6,137	0	0
Dover Downs Gaming & Entmt Inc	COMMON STOCK	260095104	13	10,000	SH		SOLE	NONE	10,000	0	0
DowDuPont Inc.	COMMON STOCK	26078J100	2,099	32,954	SH		SOLE	NONE	32,954	0	0
Duke Energy	COMMON STOCK	264399106	460	5,938	SH		SOLE	NONE	5,938	0	0
Edwards Lifesciences	COMMON STOCK	28176E108	237	1,700	SH		SOLE	NONE	1,700	0	0
EOG Resources	COMMON STOCK	26875P101	110	1,044	SH		SOLE	NONE	1,044	0	0
Equity Residential	REIT	29476L107	105	1,700	SH		SOLE	NONE	1,700	0	0
Eversource Energy	COMMON STOCK	30040W108	890	15,110	SH		SOLE	NONE	15,110	0	0
Express Scripts Holding Co.	COMMON STOCK	302182100	104	1,510	SH		SOLE	NONE	1,510	0	0
Exxon Mobil	COMMON STOCK	30231G102	1,382	18,520	SH		SOLE	NONE	18,520	0	0
Facebook Inc	COMMON STOCK	30303M102	236	1,475	SH		SOLE	NONE	1,475	0	0
Fedex Corp	COMMON STOCK	31428X106	1,141	4,750	SH		SOLE	NONE	4,750	0	0
Fiat Chrysler Automobiles N.V.	COMMON STOCK	N31738102	2,187	106,600	SH		SOLE	NONE	106,600	0	0
Flexshares Quality Dividend In	ETF/ETN	33939L860	494	11,290	SH		SOLE	NONE	11,290	0	0
Fomento Economico Mexicano	COMMON STOCK	344419106	4,294	46,960	SH		SOLE	NONE	46,960	0	0
Fresh Del Monte Produce Inc.	COMMON STOCK	G36738105	2,658	58,760	SH		SOLE	NONE	58,760	0	0
Gabelli Global Sml & Md Cap PF	PREFERRED STOCK	36249W203	126	5,000	SH		SOLE	NONE	5,000	0	0
General American Investors Co.	COMMON STOCK	368802104	202	6,036	SH		SOLE	NONE	6,036	0	0
General Electric	COMMON STOCK	369604103	175	12,950	SH		SOLE	NONE	12,950	0	0
General Mills	COMMON STOCK	370334104	1,990	44,164	SH		SOLE	NONE	44,164	0	0
General Motors	COMMON STOCK	37045V100	427	11,750	SH		SOLE	NONE	11,750	0	0
GlaxoSmithKline Plc Adr	COMMON STOCK	37733W105	123	3,150	SH		SOLE	NONE	3,150	0	0
Goldman Sachs TreasuryAccess 0	ETF/ETN	381430529	2,572	25,704	SH		SOLE	NONE	25,704	0	0
H&E Equipment Services, Inc.	COMMON STOCK	404030108	115	3,000	SH		SOLE	NONE	3,000	0	0
Hanesbrands Inc.	COMMON STOCK	410345102	3,527	191,450	SH		SOLE	NONE	191,450	0	0
Hasbro	COMMON STOCK	418056107	215	2,550	SH		SOLE	NONE	2,550	0	0
Hexcel Corp.	COMMON STOCK	428291108	5,236	81,060	SH		SOLE	NONE	81,060	0	0
Highwoods Properties Inc.	REIT	431284108	620	14,150	SH		SOLE	NONE	14,150	0	0
Home Depot	COMMON STOCK	437076102	1,213	6,806	SH		SOLE	NONE	6,806	0	0
Honeywell Intl.	COMMON STOCK	438516106	3,021	20,906	SH		SOLE	NONE	20,906	0	0
Host Hotels & Resorts, Inc.	REIT	44107P104	1,365	73,225	SH		SOLE	NONE	73,225	0	0
Humana Inc.	COMMON STOCK	444859102	188	700	SH		SOLE	NONE	700	0	0
Imperial Oil Ltd.	COMMON STOCK	453038408	150	5,650	SH		SOLE	NONE	5,650	0	0
Ingles Markets, Inc.	COMMON STOCK	457030104	1,317	38,921	SH		SOLE	NONE	38,921	0	0
Intel	COMMON STOCK	458140100	1,324	25,431	SH		SOLE	NONE	25,431	0	0
Intl Paper Co.	COMMON STOCK	460146103	3,175	59,422	SH		SOLE	NONE	59,422	0	0
Investors Title	COMMON STOCK	461804106	696	3,483	SH		SOLE	NONE	3,483	0	0
iShares 1-3 Yr Treas Index Fd	ETF/ETN	464287457	1,483	17,750	SH		SOLE	NONE	17,750	0	0
iShares DJ US Oil Equip & Svcs	ETF/ETN	464288844	367	11,320	SH		SOLE	NONE	11,320	0	0
iShares Edge MSCI Multifactor	ETF/ETN	46434V274	658	22,788	SH		SOLE	NONE	22,788	0	0
iShares Edge MSCI USA Quality	ETF/ETN	46432F339	207	2,500	SH		SOLE	NONE	2,500	0	0
iShares Global Telecom Fd	ETF/ETN	464287275	1,164	20,302	SH		SOLE	NONE	20,302	0	0
iShares Hong Kong Index Fd	ETF/ETN	464286871	164	6,475	SH		SOLE	NONE	6,475	0	0
iShares MSCI EAFE Minimum Vola	ETF/ETN	46429B689	7,913	107,380	SH		SOLE	NONE	107,380	0	0
iShares MSCI Emerging Markets	ETF/ETN	464286533	161	2,590	SH		SOLE	NONE	2,590	0	0
iShares MSCI South Korea Index	ETF/ETN	464286772	143	1,900	SH		SOLE	NONE	1,900	0	0
iShares Russell 1000	ETF/ETN	464287622	279	1,899	SH		SOLE	NONE	1,899	0	0
iShares Russell 1000 Growth In	ETF/ETN	464287614	219	1,606	SH		SOLE	NONE	1,606	0	0
iShares Russell 1000 Value Ind	ETF/ETN	464287598	328	2,738	SH		SOLE	NONE	2,738	0	0
iShares Russell Mid-Cap Index	ETF/ETN	464287499	269	1,303	SH		SOLE	NONE	1,303	0	0
iShares Russell Midcap Value I	ETF/ETN	464287473	369	4,266	SH		SOLE	NONE	4,266	0	0
iShares Short Maturity Bond ET	ETF/ETN	46431W507	150	3,000	SH		SOLE	NONE	3,000	0	0
iShares Tr Russell 2000 Index	ETF/ETN	464287655	123	807	SH		SOLE	NONE	807	0	0
iShares Tr S&P Global Energy S	ETF/ETN	464287341	136	4,000	SH		SOLE	NONE	4,000	0	0
John Hancock Multifactor Mid C	ETF/ETN	47804J206	102	3,000	SH		SOLE	NONE	3,000	0	0
J P Morgan Chase	COMMON STOCK	46625H100	2,209	20,089	SH		SOLE	NONE	20,089	0	0
JM Smucker	COMMON STOCK	832696405	278	2,242	SH		SOLE	NONE	2,242	0	0
John Bean Technologies	COMMON STOCK	477839104	2,370	20,897	SH		SOLE	NONE	20,897	0	0
Johnson & Johnson	COMMON STOCK	478160104	4,150	32,386	SH		SOLE	NONE	32,386	0	0
Kimberly Clark	COMMON STOCK	494368103	1,789	16,247	SH		SOLE	NONE	16,247	0	0
Kraft Heinz Co.	COMMON STOCK	500754106	195	3,133	SH		SOLE	NONE	3,133	0	0
Kroger	COMMON STOCK	501044101	5,946	248,389	SH		SOLE	NONE	248,389	0	0
Laboratory Corp of America Hol	COMMON STOCK	50540R409	1,059	6,550	SH		SOLE	NONE	6,550	0	0
Luxfer Holdings PLC	COMMON STOCK	550678106	128	10,000	SH		SOLE	NONE	10,000	0	0
Marathon Petroleum Corp	COMMON STOCK	56585A102	1,669	22,828	SH		SOLE	NONE	22,828	0	0
Marriott International, Inc.	COMMON STOCK	571903202	147	1,080	SH		SOLE	NONE	1,080	0	0
MartenTransport Ltd.	COMMON STOCK	573075108	758	33,246	SH		SOLE	NONE	33,246	0	0
Matson Navigation Co.	COMMON STOCK	57686G105	595	20,762	SH		SOLE	NONE	20,762	0	0
Merck & Co Inc	COMMON STOCK	58933Y105	1,562	28,669	SH		SOLE	NONE	28,669	0	0
Microsoft	COMMON STOCK	594918104	6,804	74,543	SH		SOLE	NONE	74,543	0	0
Mid-America Apartment Communit	REIT	59522J103	1,145	12,545	SH		SOLE	NONE	12,545	0	0
Mine Safety Appliances	COMMON STOCK	602720104	416	5,000	SH		SOLE	NONE	5,000	0	0
Molson Coors Brewing Company	COMMON STOCK	60871R209	2,948	39,136	SH		SOLE	NONE	39,136	0	0
Mondelez International Inc.	COMMON STOCK	609207105	372	8,906	SH		SOLE	NONE	8,906	0	0
Multi Color Corp.	COMMON STOCK	625383104	515	7,801	SH		SOLE	NONE	7,801	0	0
NBT Bancorp Inc	COMMON STOCK	628778102	355	10,000	SH		SOLE	NONE	10,000	0	0
New York Times	COMMON STOCK	650111107	362	15,000	SH		SOLE	NONE	15,000	0	0
NextEra Energy Inc New	COMMON STOCK	65339F101	472	2,888	SH		SOLE	NONE	2,888	0	0
Nike, Inc.	COMMON STOCK	654106103	2,039	30,688	SH		SOLE	NONE	30,688	0	0
Nordstrom Inc.	COMMON STOCK	655664100	3,523	72,778	SH		SOLE	NONE	72,778	0	0
Norfolk Southern Crp	COMMON STOCK	655844108	513	3,780	SH		SOLE	NONE	3,780	0	0
Northrop Grumman Corp.	COMMON STOCK	666807102	5,485	15,711	SH		SOLE	NONE	15,711	0	0
Novartis AG Adr	COMMON STOCK	66987V109	3,509	43,404	SH		SOLE	NONE	43,404	0	0
NTT Docomo Inc. ADR	COMMON STOCK	62942M201	128	5,000	SH		SOLE	NONE	5,000	0	0
Nuveen CA Muni Advantage Fund	ETF/ETN	67066Y105	134	10,000	SH		SOLE	NONE	10,000	0	0
Oracle	COMMON STOCK	68389X105	332	7,262	SH		SOLE	NONE	7,262	0	0
Paccar Inc	COMMON STOCK	693718108	3,223	48,710	SH		SOLE	NONE	48,710	0	0
Park City Group Inc.	COMMON STOCK	700215304	161	18,450	SH		SOLE	NONE	18,450	0	0
Pepsico, Inc.	COMMON STOCK	713448108	6,093	55,825	SH		SOLE	NONE	55,825	0	0
Pfizer Inc.	COMMON STOCK	717081103	1,379	38,843	SH		SOLE	NONE	38,843	0	0
Philip Morris Intl	COMMON STOCK	718172109	245	2,460	SH		SOLE	NONE	2,460	0	0
Pimco ETF Short Maturity Str	ETF/ETN	72201R833	1,988	19,580	SH		SOLE	NONE	19,580	0	0
Pope Resources a Delaware LP	COMMON STOCK	732857107	134	1,900	SH		SOLE	NONE	1,900	0	0
Portland Gen Elec Co	COMMON STOCK	736508847	840	20,740	SH		SOLE	NONE	20,740	0	0
Potlatch Corp	COMMON STOCK	737630103	458	8,801	SH		SOLE	NONE	8,801	0	0
PowerShares FTSE RAFI US 1000	ETF/ETN	73935X583	8,521	77,338	SH		SOLE	NONE	77,338	0	0
Powershares High Yield Corp Bo	ETF/ETN	73936T557	2,789	150,650	SH		SOLE	NONE	150,650	0	0
PowerShares QQQ	ETF/ETN	631100104	617	3,855	SH		SOLE	NONE	3,855	0	0
PPL Corp.	COMMON STOCK	69351T106	1,006	35,573	SH		SOLE	NONE	35,573	0	0
Procter & Gamble	COMMON STOCK	742718109	945	11,922	SH		SOLE	NONE	11,922	0	0
ProLogis	COMMON STOCK	743410102	586	9,300	SH		SOLE	NONE	9,300	0	0
Quest Diagnostics Inc.	COMMON STOCK	74834L100	171	1,700	SH		SOLE	NONE	1,700	0	0
Rayonier	REIT	754907103	367	10,427	SH		SOLE	NONE	10,427	0	0
Raytheon	COMMON STOCK	755111507	1,898	8,796	SH		SOLE	NONE	8,796	0	0
Royal Dutch Shell Cl A	COMMON STOCK	780259206	255	4,000	SH		SOLE	NONE	4,000	0	0
Rush Enterprises Cl B	COMMON STOCK	781846308	127	3,150	SH		SOLE	NONE	3,150	0	0
S & P 500 Index Fund	ETF/ETN	78462F103	1,761	6,692	SH		SOLE	NONE	6,692	0	0
Schlumberger Limited	COMMON STOCK	806857108	575	8,881	SH		SOLE	NONE	8,881	0	0
Seaboard Corp.	COMMON STOCK	811543107	985	231	SH		SOLE	NONE	231	0	0
Seagate Technology	COMMON STOCK	G7945J104	180	3,075	SH		SOLE	NONE	3,075	0	0
Seaspan Corporation	COMMON STOCK	Y75638109	391	58,500	SH		SOLE	NONE	58,500	0	0
Sonoco Products	COMMON STOCK	835495102	2,105	43,404	SH		SOLE	NONE	43,404	0	0
Southwest Air	COMMON STOCK	844741108	274	4,780	SH		SOLE	NONE	4,780	0	0
SPDR S&P Dividend ETF	ETF/ETN	78464A763	133	1,460	SH		SOLE	NONE	1,460	0	0
Starbucks	COMMON STOCK	855244109	925	15,970	SH		SOLE	NONE	15,970	0	0
Starwood Ppty Trust, Inc.	REIT	85571B105	1,363	65,050	SH		SOLE	NONE	65,050	0	0
Statoil Hydro Asa Adr	COMMON STOCK	85771P102	144	6,100	SH		SOLE	NONE	6,100	0	0
Streettracks Gold Shrs	ETF/ETN	78463V107	2,014	16,013	SH		SOLE	NONE	16,013	0	0
Stryker Corp	COMMON STOCK	863667101	2,950	18,330	SH		SOLE	NONE	18,330	0	0
Superior Industries Internatio	COMMON STOCK	868168105	265	19,950	SH		SOLE	NONE	19,950	0	0
T Rowe Price Group, Inc.	COMMON STOCK	74144T108	212	1,960	SH		SOLE	NONE	1,960	0	0
TETRA Technologies Inc.	COMMON STOCK	88162F105	69	18,500	SH		SOLE	NONE	18,500	0	0
Time Warner Inc	COMMON STOCK	887317303	142	1,500	SH		SOLE	NONE	1,500	0	0
Tompkins Financial Corp	COMMON STOCK	890110109	129	1,700	SH		SOLE	NONE	1,700	0	0
Travelers Cos Inc.	COMMON STOCK	89417E109	333	2,395	SH		SOLE	NONE	2,395	0	0
Trustco Bk Corp Ny	COMMON STOCK	898349105	194	23,000	SH		SOLE	NONE	23,000	0	0
Twenty-First Century Fox, Cl B	COMMON STOCK	90130A200	145	4,000	SH		SOLE	NONE	4,000	0	0
UGI Corp	COMMON STOCK	902681105	905	20,376	SH		SOLE	NONE	20,376	0	0
UMH Pptys Inc PFD C 6.750	PREFERRED STOCK	903002400	125	5,000	SH		SOLE	NONE	5,000	0	0
Unilever PLC	COMMON STOCK	904767704	901	16,220	SH		SOLE	NONE	16,220	0	0
Union Pacific Corporation	COMMON STOCK	907818108	6,081	45,232	SH		SOLE	NONE	45,232	0	0
United Technologies Corp.	COMMON STOCK	913017109	2,171	17,253	SH		SOLE	NONE	17,253	0	0
Unitedhealth Group	COMMON STOCK	91324P102	383	1,790	SH		SOLE	NONE	1,790	0	0
Urstadt Biddle Pptys	REIT	917286106	952	56,830	SH		SOLE	NONE	56,830	0	0
Urstadt Biddle Pptys 6.75 12/	PREFERRED STOCK	917286809	554	21,775	SH		SOLE	NONE	21,775	0	0
Urstadt Biddle Pptys Inc Cl A	REIT	917286205	1,829	94,764	SH		SOLE	NONE	94,764	0	0
Urstadt Biddle Pptys Inc Cum P	PREFERRED STOCK	917286882	849	34,000	SH		SOLE	NONE	34,000	0	0
US Bancorp	COMMON STOCK	902973304	4,559	90,280	SH		SOLE	NONE	90,280	0	0
V F Corp	COMMON STOCK	918204108	230	3,100	SH		SOLE	NONE	3,100	0	0
Vanguard Energy ETF	ETF/ETN	92204A306	3,527	38,188	SH		SOLE	NONE	38,188	0	0
Vanguard Extended Mkt ETF	ETF/ETN	922908652	2,605	23,352	SH		SOLE	NONE	23,352	0	0
Vanguard Financials ETF	ETF/ETN	92204A405	1,636	23,543	SH		SOLE	NONE	23,543	0	0
Vanguard FTSE All World ex-US	ETF/ETN	922042718	2,616	21,935	SH		SOLE	NONE	21,935	0	0
Vanguard FTSE Emerging Mkts ET	ETF/ETN	922042858	160	3,416	SH		SOLE	NONE	3,416	0	0
Vanguard Global ex-US Real Est	ETF/ETN	922042676	375	6,150	SH		SOLE	NONE	6,150	0	0
Vanguard Growth ETF	ETF/ETN	922908736	319	2,247	SH		SOLE	NONE	2,247	0	0
Vanguard Health Care ETF	ETF/ETN	92204A504	1,704	11,100	SH		SOLE	NONE	11,100	0	0
Vanguard High Dividend Yield I	ETF/ETN	921946406	17,306	209,800	SH		SOLE	NONE	209,800	0	0
Vanguard Information Technolog	ETF/ETN	92204A702	16,204	94,757	SH		SOLE	NONE	94,757	0	0
Vanguard Intermediate-Term Cor	ETF/ETN	92206C870	639	7,530	SH		SOLE	NONE	7,530	0	0
Vanguard Mega Cap ETF	ETF/ETN	921910873	2,997	33,080	SH		SOLE	NONE	33,080	0	0
Vanguard Mid-Cap Value ETF	ETF/ETN	922908512	768	7,023	SH		SOLE	NONE	7,023	0	0
Vanguard REIT ETF	ETF/ETN	922908553	2,724	36,090	SH		SOLE	NONE	36,090	0	0
Vanguard S&P 500 ETF	ETF/ETN	922908363	9,583	39,586	SH		SOLE	NONE	39,586	0	0
Vanguard Short Term Bond ETF	ETF/ETN	921937827	1,494	19,050	SH		SOLE	NONE	19,050	0	0
Vanguard Small Cap Value ETF	ETF/ETN	922908611	3,452	26,674	SH		SOLE	NONE	26,674	0	0
Vanguard Total International S	ETF/ETN	921909768	512	9,050	SH		SOLE	NONE	9,050	0	0
Vanguard Total Stock Mkt ETF	ETF/ETN	922908769	31,755	233,972	SH		SOLE	NONE	233,972	0	0
Vanguard Total World Stk Index	ETF/ETN	922042742	4,278	58,097	SH		SOLE	NONE	58,097	0	0
Vanguard Utilities ETF	ETF/ETN	92204A876	1,258	11,254	SH		SOLE	NONE	11,254	0	0
Vanguard Value ETF	ETF/ETN	922908744	193	1,869	SH		SOLE	NONE	1,869	0	0
Vectren Corp	COMMON STOCK	92240G101	1,223	19,133	SH		SOLE	NONE	19,133	0	0
Verizon Communications	COMMON STOCK	92343V104	3,414	71,394	SH		SOLE	NONE	71,394	0	0
Visa Inc	COMMON STOCK	92826C839	749	6,262	SH		SOLE	NONE	6,262	0	0
Vodafone Group PLC	COMMON STOCK	92857W100	1,198	43,065	SH		SOLE	NONE	43,065	0	0
Wabash National Corp.	COMMON STOCK	929566107	2,131	102,415	SH		SOLE	NONE	102,415	0	0
Wal-Mart Stores	COMMON STOCK	931142103	2,161	24,292	SH		SOLE	NONE	24,292	0	0
Walt Disney Co.	COMMON STOCK	254687106	3,498	34,827	SH		SOLE	NONE	34,827	0	0
Waste Management	COMMON STOCK	94106L109	761	9,052	SH		SOLE	NONE	9,052	0	0
Wells Fargo & Co	COMMON STOCK	949746101	1,252	23,889	SH		SOLE	NONE	23,889	0	0
Weyerhaeuser	REIT	962166104	1,855	52,991	SH		SOLE	NONE	52,991	0	0
Whirlpool Corp	COMMON STOCK	963320106	1,376	8,985	SH		SOLE	NONE	8,985	0	0
WisdomTree DEFA ETF	ETF/ETN	97717W703	6,113	111,420	SH		SOLE	NONE	111,420	0	0
WisdomTree Emerging Mkts Small	ETF/ETN	97717W281	4,981	92,170	SH		SOLE	NONE	92,170	0	0
Xylem Inc	COMMON STOCK	98419M100	554	7,198	SH		SOLE	NONE	7,198	0	0
Zimmer Biomet Holdings, Inc.	COMMON STOCK	98956P102	150	1,380	SH		SOLE	NONE	1,380	0	0