Affiance Financial 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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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
AMAZON COM INC	COM	023135106	666	392	SH		SOLE		0	0	392
JOHNSON & JOHNSON	COM	478160104	1,368	11,277	SH		SOLE		0	0	11,277
PROCTER AND GAMBLE CO	COM	742718109	315	4,033	SH		SOLE		0	0	4,032
GENERAL MLS INC	COM	370334104	1,086	24,532	SH		SOLE		0	0	24,532
INTEL CORP	COM	458140100	1,178	23,699	SH		SOLE		0	0	23,699
MEDTRONIC PLC	SHS	G5960L103	692	8,080	SH		SOLE		0	0	8,080
PAYCHEX INC	COM	704326107	973	14,241	SH		SOLE		0	0	14,241
DOUBLELINE INCOME SOLUTIONS	COM	258622109	222	11,114	SH		SOLE		0	0	11,114
VERIZON COMMUNICATIONS INC	COM	92343V104	558	11,100	SH		SOLE		0	0	11,099
HONEYWELL INTL INC	COM	438516106	319	2,213	SH		SOLE		0	0	2,213
US BANCORP DEL	COM NEW	902973304	210	4,189	SH		SOLE		0	0	4,189
DOWDUPONT INC	COM	26078J100	311	4,711	SH		SOLE		0	0	4,711
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	706	3,784	SH		SOLE		0	0	3,784
ALPHABET INC	CAP STK CL A	02079K305	366	324	SH		SOLE		0	0	324
MICROSOFT CORP	COM	594918104	1,419	14,388	SH		SOLE		0	0	14,388
BOEING CO	COM	097023105	426	1,271	SH		SOLE		0	0	1,271
VANGUARD SCOTTSDALE FDS	LONG TERM TREAS	92206C847	378	5,050	SH		SOLE		0	0	5,050
GENERAL MTRS CO	COM	37045V100	641	16,270	SH		SOLE		0	0	16,270
BLACKROCK MUNIYIELD FD INC	COM	09253W104	2,178	163,529	SH		SOLE		0	0	163,528
PIMCO MUN INCOME FD II	COM	72200W106	1,682	128,463	SH		SOLE		0	0	128,463
VANGUARD INDEX FDS	VALUE ETF	922908744	955	9,199	SH		SOLE		0	0	9,199
FLAHERTY&CRMN PFD SEC INCOM	COM	338478100	6,226	329,075	SH		SOLE		0	0	329,075
FACEBOOK INC	CL A	30303M102	1,018	5,239	SH		SOLE		0	0	5,239
NUVEEN MUNICIPAL CREDIT INC	COM SH BEN INT	67070X101	172	12,020	SH		SOLE		0	0	12,020
THERAPEUTICSMD INC	COM	88338N107	156	25,050	SH		SOLE		0	0	25,050
SERVICENOW INC	COM	81762P102	403	2,339	SH		SOLE		0	0	2,339
NEUBERGER BERMAN INTER MUNI	COM	64124P101	190	13,911	SH		SOLE		0	0	13,911
ABBVIE INC	COM	00287Y109	386	4,162	SH		SOLE		0	0	4,162
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	1,034	13,058	SH		SOLE		0	0	13,058
BLACKROCK MUNIHLDGS FD II IN	COM	09253P109	610	44,026	SH		SOLE		0	0	44,026
POLARIS INDS INC	COM	731068102	398	3,254	SH		SOLE		0	0	3,254
MCDONALDS CORP	COM	580135101	1,128	7,201	SH		SOLE		0	0	7,201
VANGUARD CHARLOTTE FDS	INTL BD IDX ETF	92203J407	702	12,840	SH		SOLE		0	0	12,840
TAPESTRY INC	COM	876030107	227	4,850	SH		SOLE		0	0	4,850
AT&T INC	COM	00206R102	292	9,108	SH		SOLE		0	0	9,108
VANGUARD BD INDEX FD INC	INTERMED TERM	921937819	293	3,613	SH		SOLE		0	0	3,613
ISHARES US ETF TR	SHT MAT BD ETF	46431W507	756	15,066	SH		SOLE		0	0	15,066
WELLS FARGO CO NEW	COM	949746101	285	5,134	SH		SOLE		0	0	5,134
UNION PAC CORP	COM	907818108	248	1,747	SH		SOLE		0	0	1,747
NORTHROP GRUMMAN CORP	COM	666807102	208	675	SH		SOLE		0	0	675
JPMORGAN CHASE & CO	COM	46625H100	735	7,054	SH		SOLE		0	0	7,054
INTL PAPER CO	COM	460146103	425	8,157	SH		SOLE		0	0	8,156
CHEVRON CORP NEW	COM	166764100	412	3,255	SH		SOLE		0	0	3,255
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	1,170	27,279	SH		SOLE		0	0	27,279
WALMART INC	COM	931142103	277	3,234	SH		SOLE		0	0	3,234
INTERNATIONAL BUSINESS MACHS	COM	459200101	670	4,798	SH		SOLE		0	0	4,798
ORACLE CORP	COM	68389X105	288	6,536	SH		SOLE		0	0	6,536
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	719	17,041	SH		SOLE		0	0	17,041
TARGET CORP	COM	87612E106	946	12,430	SH		SOLE		0	0	12,430
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	771	9,278	SH		SOLE		0	0	9,278
CATERPILLAR INC DEL	COM	149123101	422	3,110	SH		SOLE		0	0	3,110
ALPHABET INC	CAP STK CL C	02079K107	732	656	SH		SOLE		0	0	656
GABELLI EQUITY TR INC	COM	362397101	126	20,132	SH		SOLE		0	0	20,132
ALTRIA GROUP INC	COM	02209S103	403	7,105	SH		SOLE		0	0	7,105
CITIGROUP INC	COM NEW	172967424	576	8,610	SH		SOLE		0	0	8,610
EXXON MOBIL CORP	COM	30231G102	1,068	12,905	SH		SOLE		0	0	12,904
UNITEDHEALTH GROUP INC	COM	91324P102	814	3,316	SH		SOLE		0	0	3,316
TWENTY FIRST CENTY FOX INC	CL B	90130A200	264	5,362	SH		SOLE		0	0	5,362
BIO TECHNE CORP	COM	09073M104	1,471	9,944	SH		SOLE		0	0	9,944
APPLE INC	COM	037833100	2,156	11,648	SH		SOLE		0	0	11,648
WESTERN ASST MNGD MUN FD INC	COM	95766M105	1,891	149,096	SH		SOLE		0	0	149,096
ABBOTT LABS	COM	002824100	268	4,400	SH		SOLE		0	0	4,400
DISNEY WALT CO	COM DISNEY	254687106	341	3,258	SH		SOLE		0	0	3,258
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	7,316	52,096	SH		SOLE		0	0	52,096
VANGUARD WORLD FDS	ENERGY ETF	92204A306	1,401	13,337	SH		SOLE		0	0	13,336
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	3,715	45,605	SH		SOLE		0	0	45,605
JANUS DETROIT STR TR	HENDRSN SHRT ETF	47103U886	262	5,235	SH		SOLE		0	0	5,235
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	733	8,781	SH		SOLE		0	0	8,781
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	2,511	48,733	SH		SOLE		0	0	48,732
ISHARES TR	CORE S&P SCP ETF	464287804	344	4,116	SH		SOLE		0	0	4,116
VANGUARD INDEX FDS	SMALL CP ETF	922908751	607	3,899	SH		SOLE		0	0	3,898
VANGUARD INDEX FDS	MID CAP ETF	922908629	434	2,752	SH		SOLE		0	0	2,751
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	387	3,100	SH		SOLE		0	0	3,100
VANGUARD WORLD FDS	INF TECH ETF	92204A702	698	3,850	SH		SOLE		0	0	3,850
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	898	3,598	SH		SOLE		0	0	3,598
ISHARES TR	EAFE GRWTH ETF	464288885	2,143	27,196	SH		SOLE		0	0	27,196
INVESCO EXCHANGE TRADED FD T	S&P500 EQL STP	46137V373	6,402	51,214	SH		SOLE		0	0	51,214
LEAR CORP	COM NEW	521865204	268	1,440	SH		SOLE		0	0	1,440
ISHARES TR	GLB CNSM STP ETF	464288737	328	6,700	SH		SOLE		0	0	6,700
INVESCO EXCHANGE TRADED FD T	FINL PFD ETF	46137V621	466	25,237	SH		SOLE		0	0	25,237
ISHARES TR	S&P SML 600 GWT	464287887	363	1,919	SH		SOLE		0	0	1,919
ISHARES TR	U.S. TECH ETF	464287721	379	2,126	SH		SOLE		0	0	2,126
ISHARES TR	CORE S&P500 ETF	464287200	2,430	8,900	SH		SOLE		0	0	8,899
ISHARES TR	S&P US PFD STK	464288687	660	17,506	SH		SOLE		0	0	17,506
3M CO	COM	88579Y101	2,989	15,195	SH		SOLE		0	0	15,194
VANGUARD GROUP	DIV APP ETF	921908844	854	8,406	SH		SOLE		0	0	8,406
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	18,623	238,109	SH		SOLE		0	0	238,109
ISHARES TR	CORE S&P MCP ETF	464287507	25,630	131,582	SH		SOLE		0	0	131,582
ISHARES TR	MSCI EAFE ETF	464287465	1,611	24,056	SH		SOLE		0	0	24,056