Strategic Financial Services, Inc, 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
Guggenheim BulletShrs 2019 Cor	ETF	18383M522	2,427	115,616	SH		SOLE		115,616	0	0
SPDR Barclays International Co	ETF	78464A151	292	8,632	SH		SOLE		8,632	0	0
SPDR Bloomberg Barclays I.G. F	ETF	78468R200	14,597	474,703	SH		SOLE		474,703	0	0
Schwab US Aggregate Bond ETF	ETF	808524839	2,483	49,038	SH		SOLE		49,038	0	0
Schwab US TIPS ETF	ETF	808524870	316	5,747	SH		SOLE		5,747	0	0
Vanguard Short Term Corp Bond	ETF	92206C409	30,857	395,100	SH		SOLE		395,100	0	0
Vanguard Short-Term Bond ETF	ETF	921937827	1,795	22,948	SH		SOLE		22,948	0	0
iShares Barclays Interm Govt/C	ETF	464288612	26,991	250,475	SH		SOLE		250,475	0	0
3M Co.	COM	88579Y101	488	2,479	SH		SOLE		2,479	0	0
AT&T Inc.	COM	00206R102	2,992	93,168	SH		SOLE		93,168	0	0
AbbVie Inc.	COM	00287Y109	475	5,128	SH		SOLE		5,128	0	0
Albemarle Corp.	COM	012653101	2,107	22,338	SH		SOLE		22,338	0	0
Alphabet, Inc. - Class A	COM	02079K305	400	354	SH		SOLE		354	0	0
Alphabet, Inc. - Class C Non-V	COM	02079K107	5,701	5,110	SH		SOLE		5,110	0	0
Altria Group Inc.	COM	02209S103	404	7,110	SH		SOLE		7,110	0	0
American Express	COM	025816109	229	2,340	SH		SOLE		2,340	0	0
Anthem, Inc.	COM	036752103	6,235	26,195	SH		SOLE		26,195	0	0
Apple Inc.	COM	037833100	11,309	61,094	SH		SOLE		61,094	0	0
BB & T Corp.	COM	054937107	5,686	112,725	SH		SOLE		112,725	0	0
Berkshire Hathaway CL B	COM	084670702	432	2,313	SH		SOLE		2,313	0	0
BlackRock, Inc.	COM	09247X101	5,910	11,843	SH		SOLE		11,843	0	0
Boeing Co.	COM	097023105	2,375	7,080	SH		SOLE		7,080	0	0
Booking Holdings Inc	COM	09857L108	4,944	2,439	SH		SOLE		2,439	0	0
C. H. Robinson Worldwide Inc.	COM	12541W209	2,380	28,449	SH		SOLE		28,449	0	0
CVS Health Corporation	COM	126650100	4,361	67,771	SH		SOLE		67,771	0	0
Carters Inc.	COM	146229109	4,053	37,390	SH		SOLE		37,390	0	0
Caterpillar Inc.	COM	149123101	1,989	14,663	SH		SOLE		14,663	0	0
Chevron Corp.	COM	166764100	4,735	37,454	SH		SOLE		37,454	0	0
Church & Dwight Co. Inc.	COM	171340102	1,996	37,548	SH		SOLE		37,548	0	0
Cisco Systems Inc.	COM	17275R102	5,219	121,279	SH		SOLE		121,279	0	0
Coca Cola Co.	COM	191216100	367	8,377	SH		SOLE		8,377	0	0
Cognizant Technology Solutions	COM	192446102	3,970	50,262	SH		SOLE		50,262	0	0
Colgate Palmolive Co.	COM	194162103	3,186	49,166	SH		SOLE		49,166	0	0
Comcast Corp Class A	COM	20030N101	211	6,428	SH		SOLE		6,428	0	0
Costco Wholesale Corp.	COM	22160K105	2,410	11,530	SH		SOLE		11,530	0	0
Deere & Co.	COM	244199105	2,042	14,609	SH		SOLE		14,609	0	0
Dell Technologies Inc.	COM	24703L103	1,119	13,231	SH		SOLE		13,231	0	0
Dollar Tree, Inc.	COM	256746108	3,877	45,608	SH		SOLE		45,608	0	0
EQT Corp.	COM	26884L109	2,162	39,185	SH		SOLE		39,185	0	0
Eagle Materials Inc.	COM	26969P108	2,100	20,005	SH		SOLE		20,005	0	0
Enbridge Inc.	COM	29250N105	3,164	88,649	SH		SOLE		88,649	0	0
Expedia Group, Inc.	COM	30212P303	3,874	32,236	SH		SOLE		32,236	0	0
Exxon Mobil Corp.	COM	30231G102	8,071	97,564	SH		SOLE		97,564	0	0
Fastenal Co.	COM	311900104	2,399	49,839	SH		SOLE		49,839	0	0
General Electric Co.	COM	369604103	1,081	79,442	SH		SOLE		79,442	0	0
HSBC Holdings PLC ADR	COM	404280406	3,625	76,892	SH		SOLE		76,892	0	0
Hain Celestial Group	COM	405217100	2,289	76,806	SH		SOLE		76,806	0	0
Halliburton Co.	COM	406216101	289	6,420	SH		SOLE		6,420	0	0
Henry Schein Inc.	COM	806407102	2,125	29,260	SH		SOLE		29,260	0	0
Hexcel Corp.	COM	428291108	4,136	62,309	SH		SOLE		62,309	0	0
Home Depot, Inc.	COM	437076102	212	1,085	SH		SOLE		1,085	0	0
Honeywell International Inc.	COM	438516106	2,957	20,529	SH		SOLE		20,529	0	0
Intel Corp.	COM	458140100	6,065	122,011	SH		SOLE		122,011	0	0
International Business Machine	COM	459200101	1,273	9,115	SH		SOLE		9,115	0	0
Itronics Inc	COM	465743300	10	20,000	SH		SOLE		20,000	0	0
JP Morgan Chase & Co.	COM	46625H100	8,351	80,141	SH		SOLE		80,141	0	0
Johnson & Johnson	COM	478160104	4,022	33,149	SH		SOLE		33,149	0	0
Kinderhook Bank Corp.	COM	494555105	598	16,746	SH		SOLE		16,746	0	0
LKQ Corp.	COM	501889208	2,737	85,803	SH		SOLE		85,803	0	0
Lam Research Corp.	COM	512807108	2,906	16,815	SH		SOLE		16,815	0	0
M&T Bank Corp.	COM	55261F104	6,802	39,976	SH		SOLE		39,976	0	0
McCormick & Co. Inc.	COM	579780206	2,173	18,721	SH		SOLE		18,721	0	0
McDonalds Corp.	COM	580135101	272	1,734	SH		SOLE		1,734	0	0
McKesson Corp.	COM	58155Q103	3,377	25,317	SH		SOLE		25,317	0	0
Medtronic, Plc.	COM	G5960L103	4,940	57,707	SH		SOLE		57,707	0	0
Merck & Co.	COM	58933Y105	6,221	102,485	SH		SOLE		102,485	0	0
Microsoft Corp.	COM	594918104	6,321	64,103	SH		SOLE		64,103	0	0
Mondelez International, Inc.	COM	609207105	3,868	94,337	SH		SOLE		94,337	0	0
NVIDIA Corp	COM	67066G104	368	1,553	SH		SOLE		1,553	0	0
NXP Semiconductors	COM	N6596X109	3,791	34,696	SH		SOLE		34,696	0	0
NextEra Energy, Inc.	COM	65339f101	6,371	38,143	SH		SOLE		38,143	0	0
Nike Inc.	COM	654106103	452	5,672	SH		SOLE		5,672	0	0
Oracle Corp.	COM	68389X105	4,599	104,376	SH		SOLE		104,376	0	0
PPG Industries Inc.	COM	693506107	221	2,132	SH		SOLE		2,132	0	0
Pepsico Inc.	COM	713448108	4,947	45,441	SH		SOLE		45,441	0	0
Pfizer Inc.	COM	717081103	4,827	133,042	SH		SOLE		133,042	0	0
Phillips 66	COM	718546104	3,468	30,882	SH		SOLE		30,882	0	0
Praxair Inc.	COM	74005P104	2,207	13,954	SH		SOLE		13,954	0	0
Procter & Gamble Co.	COM	742718109	3,188	40,834	SH		SOLE		40,834	0	0
Prudential Financial	COM	744320102	2,952	31,567	SH		SOLE		31,567	0	0
QUALCOMM, Inc.	COM	747525103	3,766	67,098	SH		SOLE		67,098	0	0
SPDR S&P Biotech ETF	COM	78464A870	4,787	50,290	SH		SOLE		50,290	0	0
Schlumberger Ltd.	COM	806857108	4,103	61,217	SH		SOLE		61,217	0	0
Skyworks Solutions Inc.	COM	83088M102	5,326	55,103	SH		SOLE		55,103	0	0
The Bank of New York Mellon Co	COM	064058100	5,603	103,891	SH		SOLE		103,891	0	0
The TJX Companies, Inc.	COM	872540109	4,786	50,280	SH		SOLE		50,280	0	0
The Travelers Companies, Inc.	COM	89417E109	3,704	30,278	SH		SOLE		30,278	0	0
US Bancorp	COM	902973304	5,300	105,955	SH		SOLE		105,955	0	0
Ulta Salon, Cosmetics & Fragra	COM	90384S303	2,584	11,070	SH		SOLE		11,070	0	0
Union Pacific Corporation	COM	907818108	3,823	26,982	SH		SOLE		26,982	0	0
United Technologies Corp.	COM	913017109	3,570	28,553	SH		SOLE		28,553	0	0
UnitedHealth Group Inc.	COM	91324P102	6,768	27,588	SH		SOLE		27,588	0	0
VanEck Vectors Biotech ETF	COM	92189F726	3,230	26,921	SH		SOLE		26,921	0	0
Ventas Inc.	COM	92276F100	2,742	48,155	SH		SOLE		48,155	0	0
Verizon Communications Inc.	COM	92343V104	4,113	81,752	SH		SOLE		81,752	0	0
Visa Inc.	COM	92826C839	7,387	55,775	SH		SOLE		55,775	0	0
WEC Energy Group	COM	92939U106	2,172	33,590	SH		SOLE		33,590	0	0
Wal-Mart Stores	COM	931142103	2,938	34,297	SH		SOLE		34,297	0	0
Walt Disney Co.	COM	254687106	4,264	40,679	SH		SOLE		40,679	0	0
Williams-Sonoma, Inc.	COM	969904101	3,609	58,803	SH		SOLE		58,803	0	0
Xylem Inc.	COM	98419M100	1,855	27,530	SH		SOLE		27,530	0	0
ETFS Physical Swiss Gold	ETF	26922Y105	365	3,020	SH		SOLE		3,020	0	0
SPDR Gold Trust	ETF	78463V107	17,416	146,783	SH		SOLE		146,783	0	0
Schwab Emerging Markets Equity	ETF	808524706	841	32,482	SH		SOLE		32,482	0	0
Schwab International Equity ET	ETF	808524805	1,541	46,634	SH		SOLE		46,634	0	0
Schwab US Large-Cap ETF	ETF	808524201	6,439	99,078	SH		SOLE		99,078	0	0
Schwab US Small-Cap ETF	ETF	808524607	858	11,656	SH		SOLE		11,656	0	0
Vanguard Small-Cap Value Inde	ETF	922908611	473	3,482	SH		SOLE		3,482	0	0
Vanguard Dividend Appreciation	ETF	921908844	32,519	320,002	SH		SOLE		320,002	0	0
Vanguard FTSE All-World ex-US	ETF	922042775	3,014	58,141	SH		SOLE		58,141	0	0
Vanguard Growth ETF	ETF	922908736	210	1,400	SH		SOLE		1,400	0	0
Vanguard Index Fund Small Cap	ETF	922908751	438	2,812	SH		SOLE		2,812	0	0
Vanguard Total Stock Market ET	ETF	922908769	2,674	19,038	SH		SOLE		19,038	0	0
WisdomTree India Earnings Fund	ETF	97717W422	3,532	140,315	SH		SOLE		140,315	0	0
iShares Core MSCI EAFE	ETF	46432F842	70,221	1,108,109	SH		SOLE		1,108,109	0	0
iShares Core MSCI Emerging Mar	ETF	46434G103	38,594	734,982	SH		SOLE		734,982	0	0
iShares Russell 1000 Growth In	ETF	464287614	34,318	238,652	SH		SOLE		238,652	0	0
iShares Russell 2000 Index	ETF	464287655	41,588	253,942	SH		SOLE		253,942	0	0