Madison Scottsdale, LC 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	757	6,925	SH		SOLE		4,675	0	2,250
ACCENTURE PLC-CL A	ADR	G1151C101	72	1,000	SH		SOLE		1,000	0	0
AFLAC INC	COM	1055102	116	2,000	SH		SOLE		2,000	0	0
APPLE INC	COM	37833100	79	200	SH		SOLE		200	0	0
ASCENT CAPITAL GROUP INC-A	COM	43632108	4	46	SH		SOLE		46	0	0
AT&T INC	COM	00206R102	525	14,826	SH		SOLE		8,326	0	6,500
AUTOMATIC DATA PROCESSING	COM	53015103	36	525	SH		SOLE		525	0	0
AVERY DENNISON CORP	COM	53611109	103	2,400	SH		SOLE		2,400	0	0
BANK OF NEW YORK MELLON CORP	COM	64058100	112	4,000	SH		SOLE		4,000	0	0
BB&T CORP	COM	54937107	64	1,875	SH		SOLE		1,875	0	0
BERKSHIRE HATHAWAY INC-CL B	COM	84670702	229	2,050	SH		SOLE		1,300	0	750
BEST BUY CO INC	COM	86516101	142	5,200	SH		SOLE		5,200	0	0
CANON INC-SPONS ADR	ADR	138006309	173	5,250	SH		SOLE		5,250	0	0
CARDINAL HEALTH INC	COM	14149Y108	42	900	SH		SOLE		900	0	0
CAREFUSION CORP	COM	14170T101	17	450	SH		SOLE		450	0	0
CARNIVAL CORP	COM	143658300	86	2,500	SH		SOLE		2,500	0	0
CHEVRON CORP	COM	166764100	118	1,000	SH		SOLE		1,000	0	0
CINTAS CORP	COM	172908105	68	1,500	SH		SOLE		1,500	0	0
CISCO SYSTEMS INC	COM	17275R102	165	6,800	SH		SOLE		6,800	0	0
COCA-COLA CO/THE	COM	191216100	205	5,100	SH		SOLE		3,100	0	2,000
CONOCOPHILLIPS	COM	20825C104	57	950	SH		SOLE		950	0	0
CONSUMER STAPLES SPDR	ETF	81369Y308	329	8,290	SH		SOLE		8,290	0	0
CVS CAREMARK CORP	COM	126650100	91	1,600	SH		SOLE		1,600	0	0
DANAHER CORP	COM	235851102	80	1,265	SH		SOLE		1,265	0	0
DAVITA HEALTHCARE PARTNERS I	COM	23918K108	72	600	SH		SOLE		600	0	0
DIAGEO PLC-SPONSORED ADR	ADR	25243Q205	98	350	SH		SOLE		350	0	0
DISCOVERY COMMUNICATIONS-A	COM	25470F104	36	466	SH		SOLE		466	0	0
DISCOVERY COMMUNICATIONS-C	COM	25470F302	32	466	SH		SOLE		466	0	0
DUKE ENERGY CORP	COM	26441C204	43	638	SH		SOLE		638	0	0
EMERSON ELECTRIC CO	COM	291011104	41	750	SH		SOLE		750	0	0
ENGILITY HOLDINGS INC	COM	29285W104	7	249	SH		SOLE		249	0	0
EXELIS INC	COM	30162A108	21	1,500	SH		SOLE		1,500	0	0
EXXON MOBIL CORP	COM	30231G102	136	1,500	SH		SOLE		0	0	1,500
FINANCIAL SELECT SECTOR SPDR	ETF	81369Y605	131	6,700	SH		SOLE		6,700	0	0
FRONTIER COMMUNICATIONS CORP	COM	35906A108	1	234	SH		SOLE		234	0	0
GDF SUEZ-SPON ADR	ADR	36160B105	1	40	SH		SOLE		40	0	0
GENERAL DYNAMICS CORP	COM	369550108	78	1,000	SH		SOLE		1,000	0	0
GENERAL ELECTRIC CO	COM	369604103	198	8,550	SH		SOLE		6,050	0	2,500
HEALTH CARE SELECT SECTOR	ETF	81369Y209	298	6,250	SH		SOLE		6,250	0	0
HONEYWELL INTERNATIONAL INC	COM	438516106	101	1,275	SH		SOLE		1,275	0	0
ILLINOIS TOOL WORKS	COM	452308109	152	2,200	SH		SOLE		2,200	0	0
INGERSOLL-RAND PLC	ADR	G47791101	167	3,000	SH		SOLE		3,000	0	0
INTEL CORP	COM	458140100	80	3,300	SH		SOLE		1,800	0	1,500
INTERPUBLIC GROUP OF COS INC	COM	460690100	2	125	SH		SOLE		125	0	0
INTL BUSINESS MACHINES CORP	COM	459200101	287	1,500	SH		SOLE		1,500	0	0
INTL FLAVORS & FRAGRANCES	COM	459506101	53	700	SH		SOLE		700	0	0
ISHARES CORE S&P MIDCAP ETF	ETF	464287507	18,561	160,705	SH		SOLE		159,255	0	1,450
ISHARES CORE S&P SMALL-CAP E	ETF	464287804	19,529	216,288	SH		SOLE		214,538	0	1,750
ISHARES MSCI EAFE INDEX FUND	ETF	464287465	236	4,112	SH		SOLE		1,112	0	3,000
ISHARES MSCI EMU	ETF	464286608	97	3,000	SH		SOLE		0	0	3,000
ISHARES RUSSELL MIDCAP VALUE	ETF	464287473	437	7,539	SH		SOLE		7,539	0	0
ISHARES SELECT DIVIDEND ETF	ETF	464287168	251	3,925	SH		SOLE		3,925	0	0
ITT CORP	COM	450911201	22	750	SH		SOLE		750	0	0
JACOBS ENGINEERING GROUP INC	COM	469814107	149	2,700	SH		SOLE		2,700	0	0
JOHNSON & JOHNSON	COM	478160104	646	7,525	SH		SOLE		5,525	0	2,000
KIMBERLY-CLARK CORP	COM	494368103	97	1,000	SH		SOLE		1,000	0	0
L-3 COMMUNICATIONS HOLDINGS	COM	502424104	129	1,500	SH		SOLE		1,500	0	0
LIBERTY INTERACTIVE CORP-A	COM	53071M104	40	1,754	SH		SOLE		1,754	0	0
LIBERTY VENTURES - SER A	COM	53071M880	7	87	SH		SOLE		87	0	0
M & T BANK CORP	COM	55261F104	67	600	SH		SOLE		600	0	0
MARRIOTT INTERNATIONAL -CL A	COM	571903202	196	4,850	SH		SOLE		4,850	0	0
MARRIOTT VACATIONS WORLD	COM	57164Y107	21	484	SH		SOLE		484	0	0
MCDONALD'S CORP	COM	580135101	139	1,400	SH		SOLE		1,400	0	0
MEDTRONIC INC	COM	585055106	154	3,000	SH		SOLE		3,000	0	0
MICROSOFT CORP	COM	594918104	383	11,100	SH		SOLE		9,600	0	1,500
MOSAIC CO/THE	COM	61945C103	98	1,825	SH		SOLE		1,825	0	0
NEENAH PAPER INC	COM	640079109	2	60	SH		SOLE		60	0	0
NESTLE SA-SPONS ADR FOR REG	ADR	641069406	645	9,800	SH		SOLE		9,800	0	0
NEXTERA ENERGY INC	COM	65339F101	108	1,325	SH		SOLE		1,325	0	0
NORTHERN TRUST CORP	COM	665859104	333	5,750	SH		SOLE		5,750	0	0
NOVARTIS AG-ADR	ADR	66987V109	212	3,000	SH		SOLE		3,000	0	0
OCCIDENTAL PETROLEUM CORP	COM	674599105	89	1,000	SH		SOLE		1,000	0	0
PEPSICO INC	COM	713448108	104	1,275	SH		SOLE		1,275	0	0
PFIZER INC	COM	717081103	84	3,000	SH		SOLE		0	0	3,000
POWERSHARES FTSE RAFI US 1K	ETF	73935X583	918	12,751	SH		SOLE		12,751	0	0
PROCTER & GAMBLE CO/THE	COM	742718109	308	4,000	SH		SOLE		4,000	0	0
QUALCOMM INC	COM	747525103	337	5,525	SH		SOLE		5,525	0	0
SCHLUMBERGER LTD	COM	806857108	72	1,000	SH		SOLE		0	0	1,000
SPDR S&P 500 ETF TRUST	ETF	78462F103	27,698	173,099	SH		SOLE		168,549	0	4,550
SPDR S&P DIVIDEND ETF	ETF	78464A763	15,719	237,094	SH		SOLE		233,124	0	3,970
SPDR S&P MIDCAP 400 ETF TRST	ETF	78467Y107	684	3,250	SH		SOLE		1,750	0	1,500
SPECTRA ENERGY CORP	COM	847560109	957	957	SH		SOLE		957	0	0
TARGET CORP	COM	87612E106	384	5,575	SH		SOLE		5,575	0	0
TIME WARNER INC	COM	887317303	48	833	SH		SOLE		0	0	833
TJX COMPANIES INC	COM	872540109	60	1,200	SH		SOLE		1,200	0	0
UNITED PARCEL SERVICE-CL B	COM	911312106	268	3,100	SH		SOLE		3,100	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	616	9,400	SH		SOLE		9,400	0	0
US BANCORP	COM	902973304	362	10,000	SH		SOLE		10,000	0	0
VANGUARD FTSE ALL-WORLD EX-U	ETF	922042775	2,790	63,086	SH		SOLE		63,086	0	0
VANGUARD FTSE EMERGING MARKE	ETF	922042858	15	375	SH		SOLE		375	0	0
VARIAN MEDICAL SYSTEMS INC	COM	92220P105	229	3,400	SH		SOLE		3,400	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	49	976	SH		SOLE		976	0	0
VIACOM INC-CLASS A	COM	92553P102	68	1,000	SH		SOLE		1,000	0	0
VISA INC-CLASS A SHARES	COM	92826C839	64	350	SH		SOLE		350	0	0
WALGREEN CO	COM	931422109	59	1,325	SH		SOLE		1,325	0	0
WASTE MANAGEMENT INC	COM	94106L109	161	4,000	SH		SOLE		4,000	0	0
WELLS FARGO & CO	COM	949746101	314	7,600	SH		SOLE		5,600	0	2,000
XCEL ENERGY INC	COM	98389B100	88	3,100	SH		SOLE		3,100	0	0
XYLEM INC	COM	98419M100	40	1,500	SH		SOLE		1,500	0	0
ZIMMER HOLDINGS INC	COM	98956P102	90	1,200	SH		SOLE		1,200	0	0