Marshall 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
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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
ABBOTT LABS	COM	002824100	376	2,670	SH		SOLE		0	0	2,670
ABRDN ETFS	BBRG ALL COMD K1	003261104	1,674	72,820	SH		SOLE		0	0	72,820
ACI WORLDWIDE INC	COM	004498101	262	7,545	SH		SOLE		0	0	7,545
ADOBE SYSTEMS INCORPORATED	COM	00724F101	1,652	2,914	SH		SOLE		0	0	2,914
AES CORP	COM	00130H105	295	12,131	SH		SOLE		0	0	12,131
AGILENT TECHNOLOGIES INC	COM	00846U101	224	1,406	SH		SOLE		0	0	1,406
AIR PRODS & CHEMS INC	COM	009158106	947	3,111	SH		SOLE		0	0	3,111
ALIGN TECHNOLOGY INC	COM	016255101	1,109	1,687	SH		SOLE		0	0	1,687
ALLEGION PLC	ORD SHS	G0176J109	898	6,777	SH		SOLE		0	0	6,777
ALPHABET INC	CAP STK CL A	02079K305	371	128	SH		SOLE		0	0	128
ALPHABET INC	CAP STK CL C	02079K107	2,121	733	SH		SOLE		0	0	733
AMAZON COM INC	COM	023135106	1,364	409	SH		SOLE		0	0	409
AMETEK INC	COM	031100100	303	2,059	SH		SOLE		0	0	2,059
ANALOG DEVICES INC	COM	032654105	633	3,604	SH		SOLE		0	0	3,604
AON PLC	SHS CL A	G0403H108	323	1,073	SH		SOLE		0	0	1,073
APPLE INC	COM	037833100	9,039	50,905	SH		SOLE		0	0	50,905
APPLIED MATLS INC	COM	038222105	1,821	11,575	SH		SOLE		0	0	11,575
ARISTA NETWORKS INC	COM	040413106	1,971	13,710	SH		SOLE		0	0	13,710
ASML HOLDING N V	N Y REGISTRY SHS	N07059210	1,632	2,050	SH		SOLE		0	0	2,050
AT&T INC	COM	00206R102	447	18,172	SH		SOLE		0	0	18,172
AUTOMATIC DATA PROCESSING IN	COM	053015103	1,613	6,541	SH		SOLE		0	0	6,541
BANK NEW YORK MELLON CORP	COM	064058100	234	4,027	SH		SOLE		0	0	4,027
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	840	2,808	SH		SOLE		0	0	2,808
BIO RAD LABS INC	CL A	090572207	926	1,226	SH		SOLE		0	0	1,226
BK OF AMERICA CORP	COM	060505104	1,273	28,617	SH		SOLE		0	0	28,617
BLACKSTONE INC	COM	09260D107	543	4,193	SH		SOLE		0	0	4,193
BOEING CO	COM	097023105	271	1,347	SH		SOLE		0	0	1,347
BOTTOMLINE TECH DEL INC	COM	101388106	359	6,350	SH		SOLE		0	0	6,350
BROADCOM INC	COM	11135F101	855	1,285	SH		SOLE		0	0	1,285
BROWN FORMAN CORP	CL B	115637209	1,308	17,948	SH		SOLE		0	0	17,948
BUCKLE INC	COM	118440106	842	19,898	SH		SOLE		0	0	19,898
CABLE ONE INC	COM	12685J105	772	438	SH		SOLE		0	0	438
CANADIAN NATL RY CO	COM	136375102	902	7,343	SH		SOLE		0	0	7,343
CANADIAN PAC RY LTD	COM	13645T100	1,126	15,645	SH		SOLE		0	0	15,645
CELANESE CORP DEL	COM	150870103	953	5,670	SH		SOLE		0	0	5,670
CHURCH & DWIGHT CO INC	COM	171340102	1,458	14,226	SH		SOLE		0	0	14,226
CINTAS CORP	COM	172908105	919	2,073	SH		SOLE		0	0	2,073
CISCO SYS INC	COM	17275R102	230	3,622	SH		SOLE		0	0	3,622
COCA COLA CO	COM	191216100	1,710	28,884	SH		SOLE		0	0	28,884
CONSOLIDATED EDISON INC	COM	209115104	1,385	16,234	SH		SOLE		0	0	16,234
COPART INC	COM	217204106	1,305	8,605	SH		SOLE		0	0	8,605
CSX CORP	COM	126408103	1,525	40,565	SH		SOLE		0	0	40,565
CVS HEALTH CORP	COM	126650100	326	3,156	SH		SOLE		0	0	3,156
DIAGEO PLC	SPON ADR NEW	25243Q205	1,062	4,822	SH		SOLE		0	0	4,822
DIGITAL RLTY TR INC	COM	253868103	1,410	7,974	SH		SOLE		0	0	7,974
DIMENSIONAL ETF TRUST	EMGR CRE EQT MNG	25434V302	1,066	38,980	SH		SOLE		0	0	38,980
DIMENSIONAL ETF TRUST	US CORE EQT MKT	25434V104	804	24,375	SH		SOLE		0	0	24,375
DIMENSIONAL ETF TRUST	INTL CORE EQT MK	25434V203	1,683	56,915	SH		SOLE		0	0	56,915
DISNEY WALT CO	COM	254687106	507	3,271	SH		SOLE		0	0	3,271
DOLLAR GEN CORP NEW	COM	256677105	474	2,012	SH		SOLE		0	0	2,012
DUKE ENERGY CORP NEW	COM NEW	26441C204	1,369	13,055	SH		SOLE		0	0	13,055
EAGLE MATLS INC	COM	26969P108	961	5,772	SH		SOLE		0	0	5,772
EATON CORP PLC	SHS	G29183103	573	3,315	SH		SOLE		0	0	3,315
EATON VANCE RISK-MANAGED DIV	COM	27829G106	219	20,468	SH		SOLE		0	0	20,468
ECOLAB INC	COM	278865100	231	985	SH		SOLE		0	0	985
EDWARDS LIFESCIENCES CORP	COM	28176E108	1,139	8,790	SH		SOLE		0	0	8,790
EVERTEC INC	COM	30040P103	267	5,340	SH		SOLE		0	0	5,340
EXELON CORP	COM	30161N101	654	11,322	SH		SOLE		0	0	11,322
FACTSET RESH SYS INC	COM	303075105	1,461	3,006	SH		SOLE		0	0	3,006
FAIR ISAAC CORP	COM	303250104	1,138	2,625	SH		SOLE		0	0	2,625
FASTENAL CO	COM	311900104	1,410	22,006	SH		SOLE		0	0	22,006
FIDELITY NATL INFORMATION SV	COM	31620M106	215	1,970	SH		SOLE		0	0	1,970
FIRST TR DOW JONES SELECT MI	COM SHS ANNUAL	33718M105	277	4,339	SH		SOLE		0	0	4,339
FIRST TR EXCH TRADED FD III	INSTL PFD SECS	33739P855	5,127	251,340	SH		SOLE		0	0	251,340
FIRST TR EXCHNG TRADED FD VI	FT CBOE VEST BFR	33740F623	1,614	47,350	SH		SOLE		0	0	47,350
FIRST TR EXCHNG TRADED FD VI	VEST US BUFFER	33740F862	638	16,465	SH		SOLE		0	0	16,465
FIRST TR EXCHNG TRADED FD VI	US EQT BUFFER	33740F763	3,854	100,210	SH		SOLE		0	0	100,210
FISERV INC	COM	337738108	283	2,724	SH		SOLE		0	0	2,724
FLEETCOR TECHNOLOGIES INC	COM	339041105	913	4,081	SH		SOLE		0	0	4,081
FORTINET INC	COM	34959E109	776	2,158	SH		SOLE		0	0	2,158
GARMIN LTD	SHS	H2906T109	1,182	8,679	SH		SOLE		0	0	8,679
GENERAC HLDGS INC	COM	368736104	614	1,746	SH		SOLE		0	0	1,746
GENERAL MLS INC	COM	370334104	1,450	21,522	SH		SOLE		0	0	21,522
GENTEX CORP	COM	371901109	904	25,945	SH		SOLE		0	0	25,945
GRACO INC	COM	384109104	1,062	13,174	SH		SOLE		0	0	13,174
HARTFORD FDS EXCHANGE TRADED	TOTAL RTRN ETF	41653L305	15,154	381,425	SH		SOLE		0	0	381,425
HENRY JACK & ASSOC INC	COM	426281101	1,137	6,806	SH		SOLE		0	0	6,806
HERSHEY CO	COM	427866108	1,092	5,642	SH		SOLE		0	0	5,642
HOLOGIC INC	COM	436440101	207	2,710	SH		SOLE		0	0	2,710
HOME DEPOT INC	COM	437076102	1,011	2,436	SH		SOLE		0	0	2,436
IDEX CORP	COM	45167R104	1,020	4,316	SH		SOLE		0	0	4,316
IDEXX LABS INC	COM	45168D104	947	1,438	SH		SOLE		0	0	1,438
ILLINOIS TOOL WKS INC	COM	452308109	1,487	6,025	SH		SOLE		0	0	6,025
INFOSYS LTD	SPONSORED ADR	456788108	1,459	57,630	SH		SOLE		0	0	57,630
INTEL CORP	COM	458140100	1,104	21,444	SH		SOLE		0	0	21,444
INTUIT	COM	461202103	1,473	2,290	SH		SOLE		0	0	2,290
INVESCO EXCH TRADED FD TR II	S&P MDCP 400 REV	46138G672	849	8,965	SH		SOLE		0	0	8,965
INVESCO EXCH TRADED FD TR II	S&P 500 REVENUE	46138G698	692	8,650	SH		SOLE		0	0	8,650
INVESCO EXCH TRADED FD TR II	S&P MIDCP LOW	46138E198	281	4,814	SH		SOLE		0	0	4,814
INVESCO EXCH TRADED FD TR II	S&P SMALLCAP 600	46138G664	624	5,065	SH		SOLE		0	0	5,065
INVESCO EXCH TRADED FD TR II	PFD ETF	46138E511	7,198	479,850	SH		SOLE		0	0	479,850
INVESCO EXCH TRD SLF IDX FD	BULSHS 2023 CB	46138J866	445	20,750	SH		SOLE		0	0	20,750
INVESCO EXCH TRD SLF IDX FD	BULSHS 2024 CB	46138J841	994	45,550	SH		SOLE		0	0	45,550
INVESCO EXCH TRD SLF IDX FD	BULSHS 2022 CB	46138J882	962	44,955	SH		SOLE		0	0	44,955
INVESCO EXCH TRD SLF IDX FD	BULSHS 2025 CB	46138J825	441	20,120	SH		SOLE		0	0	20,120
INVESCO EXCHANGE TRADED FD T	S&P SMCP VLU MNT	46137V480	2,259	41,917	SH		SOLE		0	0	41,917
INVESTORS BANCORP INC NEW	COM	46146L101	153	10,072	SH		SOLE		0	0	10,072
ISHARES TR	MRGSTR MD CP ETF	464288208	1,234	17,361	SH		SOLE		0	0	17,361
ISHARES TR	US CONSUM DISCRE	464287580	218	2,600	SH		SOLE		0	0	2,600
ISHARES TR	ESG AWRE USD ETF	46435G193	349	12,797	SH		SOLE		0	0	12,797
ISHARES TR	COHEN STEER REIT	464287564	201	2,643	SH		SOLE		0	0	2,643
ISHARES TR	CORE TOTAL USD	46434V613	2,325	43,933	SH		SOLE		0	0	43,933
ISHARES TR	IBONDS DEC23 ETF	46434VAX8	436	16,970	SH		SOLE		0	0	16,970
ISHARES TR	MSCI INTL QUALTY	46434V456	434	11,028	SH		SOLE		0	0	11,028
ISHARES TR	EAFE SML CP ETF	464288273	656	8,980	SH		SOLE		0	0	8,980
ISHARES TR	IBONDS DEC25 ETF	46434VBD1	1,226	46,420	SH		SOLE		0	0	46,420
ISHARES TR	US HLTHCARE ETF	464287762	248	824	SH		SOLE		0	0	824
JOHNSON & JOHNSON	COM	478160104	2,394	13,994	SH		SOLE		0	0	13,994
JPMORGAN CHASE & CO	COM	46625H100	563	3,558	SH		SOLE		0	0	3,558
KEYSIGHT TECHNOLOGIES INC	COM	49338L103	960	4,648	SH		SOLE		0	0	4,648
KLA CORP	COM NEW	482480100	1,034	2,403	SH		SOLE		0	0	2,403
KROGER CO	COM	501044101	1,288	28,447	SH		SOLE		0	0	28,447
LAM RESEARCH CORP	COM	512807108	1,702	2,367	SH		SOLE		0	0	2,367
LATTICE STRATEGIES TR	HARTFORD MLT ETF	518416102	1,238	41,108	SH		SOLE		0	0	41,108
LAUDER ESTEE COS INC	CL A	518439104	1,044	2,819	SH		SOLE		0	0	2,819
LILLY ELI & CO	COM	532457108	1,873	6,782	SH		SOLE		0	0	6,782
LINDE PLC	SHS	G5494J103	238	687	SH		SOLE		0	0	687
LOCKHEED MARTIN CORP	COM	539830109	249	701	SH		SOLE		0	0	701
LOWES COS INC	COM	548661107	589	2,280	SH		SOLE		0	0	2,280
MARKETAXESS HLDGS INC	COM	57060D108	1,020	2,479	SH		SOLE		0	0	2,479
MARRIOTT INTL INC NEW	CL A	571903202	772	4,674	SH		SOLE		0	0	4,674
MASTERCARD INCORPORATED	CL A	57636Q104	1,870	5,204	SH		SOLE		0	0	5,204
MCCORMICK & CO INC	COM NON VTG	579780206	2,274	23,541	SH		SOLE		0	0	23,541
MCDONALDS CORP	COM	580135101	1,612	6,012	SH		SOLE		0	0	6,012
META PLATFORMS INC	CL A	30303M102	2,115	6,289	SH		SOLE		0	0	6,289
METTLER TOLEDO INTERNATIONAL	COM	592688105	1,422	838	SH		SOLE		0	0	838
MICROSOFT CORP	COM	594918104	3,042	9,046	SH		SOLE		0	0	9,046
MONDELEZ INTL INC	CL A	609207105	368	5,549	SH		SOLE		0	0	5,549
MONOLITHIC PWR SYS INC	COM	609839105	855	1,734	SH		SOLE		0	0	1,734
MONSTER BEVERAGE CORP NEW	COM	61174X109	1,294	13,473	SH		SOLE		0	0	13,473
MOODYS CORP	COM	615369105	1,707	4,369	SH		SOLE		0	0	4,369
NETFLIX INC	COM	64110L106	853	1,416	SH		SOLE		0	0	1,416
NEXTERA ENERGY INC	COM	65339F101	273	2,927	SH		SOLE		0	0	2,927
NOVO-NORDISK A S	ADR	670100205	1,370	12,236	SH		SOLE		0	0	12,236
NVIDIA CORPORATION	COM	67066G104	3,553	12,080	SH		SOLE		0	0	12,080
OLD DOMINION FREIGHT LINE IN	COM	679580100	1,165	3,252	SH		SOLE		0	0	3,252
PAYCHEX INC	COM	704326107	1,553	11,378	SH		SOLE		0	0	11,378
PAYPAL HLDGS INC	COM	70450Y103	1,448	7,681	SH		SOLE		0	0	7,681
PFIZER INC	COM	717081103	992	16,798	SH		SOLE		0	0	16,798
PHILIP MORRIS INTL INC	COM	718172109	244	2,568	SH		SOLE		0	0	2,568
PRICE T ROWE GROUP INC	COM	74144T108	1,797	9,141	SH		SOLE		0	0	9,141
PRINCIPAL FINANCIAL GROUP IN	COM	74251V102	323	4,465	SH		SOLE		0	0	4,465
PROCTER AND GAMBLE CO	COM	742718109	2,100	12,837	SH		SOLE		0	0	12,837
PROSHARES TR	PSHS ULT S&P 500	74347R107	5,907	40,355	SH		SOLE		0	0	40,355
PROSHARES TR	PSHS ULTRUSS2000	74347R842	237	4,275	SH		SOLE		0	0	4,275
PUBLIC STORAGE	COM	74460D109	1,452	3,878	SH		SOLE		0	0	3,878
QUALCOMM INC	COM	747525103	1,452	7,940	SH		SOLE		0	0	7,940
REGENERON PHARMACEUTICALS	COM	75886F107	1,069	1,693	SH		SOLE		0	0	1,693
RESMED INC	COM	761152107	376	1,445	SH		SOLE		0	0	1,445
ROCKWELL AUTOMATION INC	COM	773903109	1,222	3,503	SH		SOLE		0	0	3,503
S&P GLOBAL INC	COM	78409V104	2,681	5,681	SH		SOLE		0	0	5,681
SCHWAB CHARLES CORP	COM	808513105	435	5,168	SH		SOLE		0	0	5,168
SCHWAB STRATEGIC TR	SCHWB FDT INT LG	808524755	698	21,470	SH		SOLE		0	0	21,470
SCHWAB STRATEGIC TR	US DIVIDEND EQ	808524797	2,015	24,932	SH		SOLE		0	0	24,932
SCHWAB STRATEGIC TR	INTRM TRM TRES	808524854	8,468	150,834	SH		SOLE		0	0	150,834
SCHWAB STRATEGIC TR	1 5YR CORP BD	808524714	336	6,645	SH		SOLE		0	0	6,645
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	301	7,743	SH		SOLE		0	0	7,743
SEI INVTS CO	COM	784117103	903	14,817	SH		SOLE		0	0	14,817
SELECT SECTOR SPDR TR	RL EST SEL SEC	81369Y860	691	13,333	SH		SOLE		0	0	13,333
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	314	1,804	SH		SOLE		0	0	1,804
SKYWORKS SOLUTIONS INC	COM	83088M102	803	5,179	SH		SOLE		0	0	5,179
SNAP ON INC	COM	833034101	854	3,964	SH		SOLE		0	0	3,964
SOUTHERN COPPER CORP	COM	84265V105	1,298	21,039	SH		SOLE		0	0	21,039
SPDR DOW JONES INDL AVERAGE	UT SER 1	78467X109	270	742	SH		SOLE		0	0	742
SPDR INDEX SHS FDS	PORTFOLIO EMG MK	78463X509	760	18,306	SH		SOLE		0	0	18,306
SPDR S&P 500 ETF TR	TR UNIT	78462F103	658	1,385	SH		SOLE		0	0	1,385
SPDR SER TR	S&P DIVID ETF	78464A763	316	2,451	SH		SOLE		0	0	2,451
SPDR SER TR	PORTFLI HIGH YLD	78468R606	418	15,735	SH		SOLE		0	0	15,735
SPDR SER TR	RUSSELL LOW VOL	78468R754	779	6,826	SH		SOLE		0	0	6,826
SPDR SER TR	S&P BK ETF	78464A797	293	5,365	SH		SOLE		0	0	5,365
SPDR SER TR	SSGA US SMAL ETF	78468R887	907	7,591	SH		SOLE		0	0	7,591
SS&C TECHNOLOGIES HLDGS INC	COM	78467J100	337	4,105	SH		SOLE		0	0	4,105
SSGA ACTIVE ETF TR	SPDR TR TACTIC	78467V848	1,183	24,996	SH		SOLE		0	0	24,996
SSGA ACTIVE ETF TR	ULT SHT TRM BD	78467V707	298	7,401	SH		SOLE		0	0	7,401
SSGA ACTIVE ETF TR	BLACKSTONE SENR	78467V608	395	8,654	SH		SOLE		0	0	8,654
STRYKER CORPORATION	COM	863667101	291	1,090	SH		SOLE		0	0	1,090
SVB FINANCIAL GROUP	COM	78486Q101	912	1,345	SH		SOLE		0	0	1,345
TERADYNE INC	COM	880770102	1,111	6,793	SH		SOLE		0	0	6,793
TESLA INC	COM	88160R101	720	681	SH		SOLE		0	0	681
TEXAS INSTRS INC	COM	882508104	1,305	6,922	SH		SOLE		0	0	6,922
THERMO FISHER SCIENTIFIC INC	COM	883556102	311	466	SH		SOLE		0	0	466
UNION PAC CORP	COM	907818108	1,717	6,816	SH		SOLE		0	0	6,816
UNITED PARCEL SERVICE INC	CL B	911312106	1,378	6,430	SH		SOLE		0	0	6,430
VANECK ETF TRUST	PREFERRED SECURT	92189F429	511	23,346	SH		SOLE		0	0	23,346
VANECK ETF TRUST	FALLEN ANGEL HG	92189F437	7,324	222,134	SH		SOLE		0	0	222,134
VANGUARD ADMIRAL FDS INC	500 VAL IDX FD	921932703	523	3,454	SH		SOLE		0	0	3,454
VANGUARD CHARLOTTE FDS	TOTAL INT BD ETF	92203J407	6,578	119,260	SH		SOLE		0	0	119,260
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	211	482	SH		SOLE		0	0	482
VANGUARD INDEX FDS	SMALL CP ETF	922908751	469	2,076	SH		SOLE		0	0	2,076
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	887	14,480	SH		SOLE		0	0	14,480
VANGUARD INTL EQUITY INDEX F	FTSE SMCAP ETF	922042718	286	2,135	SH		SOLE		0	0	2,135
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	8,829	108,651	SH		SOLE		0	0	108,651
VANGUARD TAX-MANAGED INTL FD	FTSE DEV MKT ETF	921943858	276	5,415	SH		SOLE		0	0	5,415
VANGUARD WHITEHALL FDS	HIGH DIV YLD	921946406	339	3,024	SH		SOLE		0	0	3,024
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	2,437	14,496	SH		SOLE		0	0	14,496
VANGUARD WORLD FDS	FINANCIALS ETF	92204A405	366	3,795	SH		SOLE		0	0	3,795
VANGUARD WORLD FDS	UTILITIES ETF	92204A876	358	2,290	SH		SOLE		0	0	2,290
VEEVA SYS INC	CL A COM	922475108	1,117	4,373	SH		SOLE		0	0	4,373
VERISK ANALYTICS INC	COM	92345Y106	1,334	5,833	SH		SOLE		0	0	5,833
VERIZON COMMUNICATIONS INC	COM	92343V104	2,002	38,536	SH		SOLE		0	0	38,536
VISA INC	COM CL A	92826C839	2,095	9,665	SH		SOLE		0	0	9,665
VMWARE INC	CL A COM	928563402	827	7,135	SH		SOLE		0	0	7,135
WALMART INC	COM	931142103	1,591	10,999	SH		SOLE		0	0	10,999
WATERS CORP	COM	941848103	980	2,631	SH		SOLE		0	0	2,631
WEST PHARMACEUTICAL SVSC INC	COM	955306105	1,047	2,232	SH		SOLE		0	0	2,232
WIPRO LTD	SPON ADR 1 SH	97651M109	1,447	148,262	SH		SOLE		0	0	148,262
XILINX INC	COM	983919101	2,105	9,929	SH		SOLE		0	0	9,929
ZOETIS INC	CL A	98978V103	1,627	6,666	SH		SOLE		0	0	6,666