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
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
ABBOTT LABS	COM	002824100	316	2,670	SH		SOLE		0	0	2,670
ABRDN ETFS	BBRG ALL COMD K1	003261104	2,266	78,915	SH		SOLE		0	0	78,915
ACI WORLDWIDE INC	COM	004498101	238	7,545	SH		SOLE		0	0	7,545
ADOBE SYSTEMS INCORPORATED	COM	00724F101	1,399	3,071	SH		SOLE		0	0	3,071
ADVANCED MICRO DEVICES INC	COM	007903107	1,985	18,154	SH		SOLE		0	0	18,154
AES CORP	COM	00130H105	310	12,056	SH		SOLE		0	0	12,056
AIR PRODS & CHEMS INC	COM	009158106	779	3,117	SH		SOLE		0	0	3,117
AKAMAI TECHNOLOGIES INC	COM	00971T101	202	1,690	SH		SOLE		0	0	1,690
ALIGN TECHNOLOGY INC	COM	016255101	685	1,571	SH		SOLE		0	0	1,571
ALLEGION PLC	ORD SHS	G0176J109	753	6,856	SH		SOLE		0	0	6,856
ALPHABET INC	CAP STK CL A	02079K305	362	130	SH		SOLE		0	0	130
ALPHABET INC	CAP STK CL C	02079K107	2,117	758	SH		SOLE		0	0	758
ALTRIA GROUP INC	COM	02209S103	282	5,395	SH		SOLE		0	0	5,395
AMAZON COM INC	COM	023135106	1,268	389	SH		SOLE		0	0	389
AMETEK INC	COM	031100100	274	2,059	SH		SOLE		0	0	2,059
ANALOG DEVICES INC	COM	032654105	581	3,519	SH		SOLE		0	0	3,519
AON PLC	SHS CL A	G0403H108	325	998	SH		SOLE		0	0	998
APPLE INC	COM	037833100	8,880	50,859	SH		SOLE		0	0	50,859
APPLIED MATLS INC	COM	038222105	1,578	11,971	SH		SOLE		0	0	11,971
ARISTA NETWORKS INC	COM	040413106	1,845	13,273	SH		SOLE		0	0	13,273
ASML HOLDING N V	N Y REGISTRY SHS	N07059210	1,373	2,055	SH		SOLE		0	0	2,055
AT&T INC	COM	00206R102	608	25,732	SH		SOLE		0	0	25,732
AUTOMATIC DATA PROCESSING IN	COM	053015103	1,549	6,809	SH		SOLE		0	0	6,809
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,063	3,013	SH		SOLE		0	0	3,013
BIO RAD LABS INC	CL A	090572207	674	1,196	SH		SOLE		0	0	1,196
BK OF AMERICA CORP	COM	060505104	1,074	26,058	SH		SOLE		0	0	26,058
BLACKSTONE INC	COM	09260D107	342	2,693	SH		SOLE		0	0	2,693
BOEING CO	COM	097023105	256	1,336	SH		SOLE		0	0	1,336
BOTTOMLINE TECH DEL INC	COM	101388106	360	6,350	SH		SOLE		0	0	6,350
BROADCOM INC	COM	11135F101	782	1,242	SH		SOLE		0	0	1,242
BROWN FORMAN CORP	CL B	115637209	1,258	18,769	SH		SOLE		0	0	18,769
BUCKLE INC	COM	118440106	669	20,262	SH		SOLE		0	0	20,262
CABLE ONE INC	COM	12685J105	644	440	SH		SOLE		0	0	440
CANADIAN NATL RY CO	COM	136375102	982	7,318	SH		SOLE		0	0	7,318
CANADIAN PAC RY LTD	COM	13645T100	1,291	15,639	SH		SOLE		0	0	15,639
CELANESE CORP DEL	COM	150870103	819	5,731	SH		SOLE		0	0	5,731
CHURCH & DWIGHT CO INC	COM	171340102	1,392	14,011	SH		SOLE		0	0	14,011
CINTAS CORP	COM	172908105	900	2,116	SH		SOLE		0	0	2,116
CISCO SYS INC	COM	17275R102	201	3,604	SH		SOLE		0	0	3,604
COCA COLA CO	COM	191216100	1,762	28,419	SH		SOLE		0	0	28,419
COMCAST CORP NEW	CL A	20030N101	259	5,525	SH		SOLE		0	0	5,525
CONSOLIDATED EDISON INC	COM	209115104	1,573	16,618	SH		SOLE		0	0	16,618
COPART INC	COM	217204106	1,095	8,728	SH		SOLE		0	0	8,728
CSX CORP	COM	126408103	1,566	41,806	SH		SOLE		0	0	41,806
CVS HEALTH CORP	COM	126650100	268	2,650	SH		SOLE		0	0	2,650
DIAGEO PLC	SPON ADR NEW	25243Q205	1,053	5,183	SH		SOLE		0	0	5,183
DIGITAL RLTY TR INC	COM	253868103	1,187	8,370	SH		SOLE		0	0	8,370
DIMENSIONAL ETF TRUST	INTL CORE EQT MK	25434V203	1,989	70,655	SH		SOLE		0	0	70,655
DIMENSIONAL ETF TRUST	US CORE EQT MKT	25434V104	1,243	39,445	SH		SOLE		0	0	39,445
DIMENSIONAL ETF TRUST	EMGR CRE EQT MNG	25434V302	1,245	47,445	SH		SOLE		0	0	47,445
DISNEY WALT CO	COM	254687106	439	3,203	SH		SOLE		0	0	3,203
DOLLAR GEN CORP NEW	COM	256677105	403	1,812	SH		SOLE		0	0	1,812
DUKE ENERGY CORP NEW	COM NEW	26441C204	1,531	13,712	SH		SOLE		0	0	13,712
EAGLE MATLS INC	COM	26969P108	745	5,803	SH		SOLE		0	0	5,803
EATON CORP PLC	SHS	G29183103	465	3,065	SH		SOLE		0	0	3,065
EATON VANCE RISK-MANAGED DIV	COM	27829G106	202	20,468	SH		SOLE		0	0	20,468
EDWARDS LIFESCIENCES CORP	COM	28176E108	1,023	8,689	SH		SOLE		0	0	8,689
EVERTEC INC	COM	30040P103	219	5,340	SH		SOLE		0	0	5,340
EXELON CORP	COM	30161N101	539	11,322	SH		SOLE		0	0	11,322
EXXON MOBIL CORP	COM	30231G102	244	2,954	SH		SOLE		0	0	2,954
FACTSET RESH SYS INC	COM	303075105	1,309	3,014	SH		SOLE		0	0	3,014
FAIR ISAAC CORP	COM	303250104	1,210	2,593	SH		SOLE		0	0	2,593
FASTENAL CO	COM	311900104	1,305	21,964	SH		SOLE		0	0	21,964
FIRST TR DOW JONES SELECT MI	COM SHS ANNUAL	33718M105	225	3,736	SH		SOLE		0	0	3,736
FIRST TR EXCH TRADED FD III	INSTL PFD SECS	33739P855	5,500	283,490	SH		SOLE		0	0	283,490
FIRST TR EXCHNG TRADED FD VI	VEST US BUFFER	33740F862	850	22,335	SH		SOLE		0	0	22,335
FIRST TR EXCHNG TRADED FD VI	FT CBOE VEST BFR	33740F623	1,652	47,350	SH		SOLE		0	0	47,350
FIRST TR EXCHNG TRADED FD VI	US EQT BUFFER	33740F763	3,829	100,210	SH		SOLE		0	0	100,210
FIRST TR EXCHNG TRADED FD VI	VEST US EQTY BUF	33740F664	885	25,305	SH		SOLE		0	0	25,305
FISERV INC	COM	337738108	276	2,724	SH		SOLE		0	0	2,724
FLEETCOR TECHNOLOGIES INC	COM	339041105	1,029	4,133	SH		SOLE		0	0	4,133
FORTINET INC	COM	34959E109	724	2,120	SH		SOLE		0	0	2,120
GARMIN LTD	SHS	H2906T109	1,043	8,796	SH		SOLE		0	0	8,796
GENERAC HLDGS INC	COM	368736104	522	1,755	SH		SOLE		0	0	1,755
GENTEX CORP	COM	371901109	768	26,331	SH		SOLE		0	0	26,331
GRACO INC	COM	384109104	918	13,170	SH		SOLE		0	0	13,170
HARTFORD FDS EXCHANGE TRADED	TOTAL RTRN ETF	41653L305	9,038	245,460	SH		SOLE		0	0	245,460
HENRY JACK & ASSOC INC	COM	426281101	1,329	6,746	SH		SOLE		0	0	6,746
HERSHEY CO	COM	427866108	1,224	5,648	SH		SOLE		0	0	5,648
HOLOGIC INC	COM	436440101	208	2,710	SH		SOLE		0	0	2,710
HOME DEPOT INC	COM	437076102	730	2,438	SH		SOLE		0	0	2,438
IDEX CORP	COM	45167R104	830	4,329	SH		SOLE		0	0	4,329
IDEXX LABS INC	COM	45168D104	792	1,448	SH		SOLE		0	0	1,448
ILLINOIS TOOL WKS INC	COM	452308109	1,326	6,332	SH		SOLE		0	0	6,332
INFOSYS LTD	SPONSORED ADR	456788108	1,427	57,315	SH		SOLE		0	0	57,315
INNOVATOR ETFS TR	US EQT ULTRA BF	45782C300	297	9,590	SH		SOLE		0	0	9,590
INNOVATOR ETFS TR	US EQTY PWR BUF	45782C508	297	9,118	SH		SOLE		0	0	9,118
INNOVATOR ETFS TR	US EQTY BUFR JAN	45782C409	296	8,185	SH		SOLE		0	0	8,185
INTEL CORP	COM	458140100	1,076	21,705	SH		SOLE		0	0	21,705
INTUIT	COM	461202103	1,085	2,257	SH		SOLE		0	0	2,257
INVESCO EXCH TRADED FD TR II	PFD ETF	46138E511	1,901	140,120	SH		SOLE		0	0	140,120
INVESCO EXCH TRADED FD TR II	S&P MIDCP LOW	46138E198	227	4,072	SH		SOLE		0	0	4,072
INVESCO EXCH TRADED FD TR II	S&P MDCP 400 REV	46138G672	814	8,833	SH		SOLE		0	0	8,833
INVESCO EXCH TRADED FD TR II	S&P 500 REVENUE	46138G698	684	8,478	SH		SOLE		0	0	8,478
INVESCO EXCH TRADED FD TR II	S&P SMALLCAP 600	46138G664	608	5,071	SH		SOLE		0	0	5,071
INVESCO EXCH TRD SLF IDX FD	BULSHS 2022 CB	46138J882	1,195	56,225	SH		SOLE		0	0	56,225
INVESCO EXCHANGE TRADED FD T	S&P SMCP VLU MNT	46137V480	2,743	50,919	SH		SOLE		0	0	50,919
INVESTORS BANCORP INC NEW	COM	46146L101	150	10,072	SH		SOLE		0	0	10,072
ISHARES TR	ESG AWRE USD ETF	46435G193	322	12,802	SH		SOLE		0	0	12,802
ISHARES TR	EAFE SML CP ETF	464288273	616	9,289	SH		SOLE		0	0	9,289
ISHARES TR	ESG AWRE 1 5 YR	46435G243	228	9,259	SH		SOLE		0	0	9,259
ISHARES TR	US HLTHCARE ETF	464287762	264	914	SH		SOLE		0	0	914
ISHARES TR	CORE TOTAL USD	46434V613	1,995	40,201	SH		SOLE		0	0	40,201
ISHARES TR	IBONDS DEC22 ETF	46434VBA7	203	8,100	SH		SOLE		0	0	8,100
ISHARES TR	MRGSTR MD CP ETF	464288208	1,516	22,531	SH		SOLE		0	0	22,531
ISHARES TR	MSCI INTL QUALTY	46434V456	804	21,797	SH		SOLE		0	0	21,797
ISHARES TR	CORE S&P500 ETF	464287200	891	1,963	SH		SOLE		0	0	1,963
JOHNSON & JOHNSON	COM	478160104	2,444	13,793	SH		SOLE		0	0	13,793
JPMORGAN CHASE & CO	COM	46625H100	441	3,236	SH		SOLE		0	0	3,236
KEYSIGHT TECHNOLOGIES INC	COM	49338L103	743	4,705	SH		SOLE		0	0	4,705
KLA CORP	COM NEW	482480100	873	2,384	SH		SOLE		0	0	2,384
KROGER CO	COM	501044101	1,660	28,928	SH		SOLE		0	0	28,928
LAM RESEARCH CORP	COM	512807108	1,362	2,533	SH		SOLE		0	0	2,533
LATTICE STRATEGIES TR	HARTFORD MLT ETF	518416102	1,161	39,883	SH		SOLE		0	0	39,883
LAUDER ESTEE COS INC	CL A	518439104	765	2,809	SH		SOLE		0	0	2,809
LILLY ELI & CO	COM	532457108	2,017	7,044	SH		SOLE		0	0	7,044
LINDE PLC	SHS	G5494J103	219	687	SH		SOLE		0	0	687
LOCKHEED MARTIN CORP	COM	539830109	309	701	SH		SOLE		0	0	701
LOWES COS INC	COM	548661107	429	2,124	SH		SOLE		0	0	2,124
MARKETAXESS HLDGS INC	COM	57060D108	858	2,522	SH		SOLE		0	0	2,522
MARRIOTT INTL INC NEW	CL A	571903202	795	4,524	SH		SOLE		0	0	4,524
MASTERCARD INCORPORATED	CL A	57636Q104	1,748	4,891	SH		SOLE		0	0	4,891
MCCORMICK & CO INC	COM NON VTG	579780206	2,349	23,541	SH		SOLE		0	0	23,541
MCDONALDS CORP	COM	580135101	1,530	6,186	SH		SOLE		0	0	6,186
META PLATFORMS INC	CL A	30303M102	1,531	6,883	SH		SOLE		0	0	6,883
METTLER TOLEDO INTERNATIONAL	COM	592688105	1,156	842	SH		SOLE		0	0	842
MGM GROWTH PPTYS LLC	CL A COM	55303A105	247	6,385	SH		SOLE		0	0	6,385
MICROSOFT CORP	COM	594918104	2,869	9,304	SH		SOLE		0	0	9,304
MONDELEZ INTL INC	CL A	609207105	348	5,549	SH		SOLE		0	0	5,549
MONOLITHIC PWR SYS INC	COM	609839105	937	1,929	SH		SOLE		0	0	1,929
MONSTER BEVERAGE CORP NEW	COM	61174X109	1,082	13,539	SH		SOLE		0	0	13,539
MOODYS CORP	COM	615369105	1,400	4,150	SH		SOLE		0	0	4,150
NETFLIX INC	COM	64110L106	529	1,411	SH		SOLE		0	0	1,411
NEXTERA ENERGY INC	COM	65339F101	248	2,933	SH		SOLE		0	0	2,933
NOVO-NORDISK A S	ADR	670100205	1,364	12,283	SH		SOLE		0	0	12,283
NVIDIA CORPORATION	COM	67066G104	3,467	12,706	SH		SOLE		0	0	12,706
OLD DOMINION FREIGHT LINE IN	COM	679580100	1,038	3,476	SH		SOLE		0	0	3,476
PAYCHEX INC	COM	704326107	1,558	11,416	SH		SOLE		0	0	11,416
PAYPAL HLDGS INC	COM	70450Y103	996	8,612	SH		SOLE		0	0	8,612
PFIZER INC	COM	717081103	684	13,218	SH		SOLE		0	0	13,218
PHILIP MORRIS INTL INC	COM	718172109	226	2,404	SH		SOLE		0	0	2,404
PRICE T ROWE GROUP INC	COM	74144T108	1,475	9,755	SH		SOLE		0	0	9,755
PRINCIPAL FINANCIAL GROUP IN	COM	74251V102	328	4,465	SH		SOLE		0	0	4,465
PROCTER AND GAMBLE CO	COM	742718109	1,951	12,767	SH		SOLE		0	0	12,767
PROSHARES TR	PSHS ULT S&P 500	74347R107	5,821	88,720	SH		SOLE		0	0	88,720
PUBLIC STORAGE	COM	74460D109	1,553	3,980	SH		SOLE		0	0	3,980
QUALCOMM INC	COM	747525103	1,256	8,220	SH		SOLE		0	0	8,220
REGENERON PHARMACEUTICALS	COM	75886F107	1,232	1,764	SH		SOLE		0	0	1,764
RESMED INC	COM	761152107	333	1,372	SH		SOLE		0	0	1,372
ROCKWELL AUTOMATION INC	COM	773903109	982	3,506	SH		SOLE		0	0	3,506
S&P GLOBAL INC	COM	78409V104	2,409	5,872	SH		SOLE		0	0	5,872
SCHWAB CHARLES CORP	COM	808513105	436	5,169	SH		SOLE		0	0	5,169
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	298	8,119	SH		SOLE		0	0	8,119
SCHWAB STRATEGIC TR	US DIVIDEND EQ	808524797	2,077	26,324	SH		SOLE		0	0	26,324
SCHWAB STRATEGIC TR	SCHWB FDT INT LG	808524755	1,100	34,113	SH		SOLE		0	0	34,113
SEI INVTS CO	COM	784117103	896	14,883	SH		SOLE		0	0	14,883
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	290	1,824	SH		SOLE		0	0	1,824
SELECT SECTOR SPDR TR	RL EST SEL SEC	81369Y860	690	14,276	SH		SOLE		0	0	14,276
SKYWORKS SOLUTIONS INC	COM	83088M102	721	5,411	SH		SOLE		0	0	5,411
SMUCKER J M CO	COM NEW	832696405	1,365	10,077	SH		SOLE		0	0	10,077
SNAP ON INC	COM	833034101	830	4,037	SH		SOLE		0	0	4,037
SOUTHERN COPPER CORP	COM	84265V105	1,628	21,455	SH		SOLE		0	0	21,455
SPDR DOW JONES INDL AVERAGE	UT SER 1	78467X109	257	742	SH		SOLE		0	0	742
SPDR INDEX SHS FDS	PORTFOLIO EMG MK	78463X509	720	18,644	SH		SOLE		0	0	18,644
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,224	2,709	SH		SOLE		0	0	2,709
SPDR SER TR	PORTFLI HIGH YLD	78468R606	392	15,621	SH		SOLE		0	0	15,621
SPDR SER TR	SSGA US SMAL ETF	78468R887	877	7,683	SH		SOLE		0	0	7,683
SPDR SER TR	RUSSELL LOW VOL	78468R754	806	7,342	SH		SOLE		0	0	7,342
SPDR SER TR	S&P BK ETF	78464A797	270	5,165	SH		SOLE		0	0	5,165
SPDR SER TR	S&P DIVID ETF	78464A763	314	2,451	SH		SOLE		0	0	2,451
SS&C TECHNOLOGIES HLDGS INC	COM	78467J100	308	4,105	SH		SOLE		0	0	4,105
SSGA ACTIVE ETF TR	BLACKSTONE SENR	78467V608	16,087	357,796	SH		SOLE		0	0	357,796
STAR BULK CARRIERS CORP.	SHS PAR	Y8162K204	209	7,050	SH		SOLE		0	0	7,050
STRYKER CORPORATION	COM	863667101	291	1,090	SH		SOLE		0	0	1,090
SVB FINANCIAL GROUP	COM	78486Q101	759	1,356	SH		SOLE		0	0	1,356
TERADYNE INC	COM	880770102	807	6,824	SH		SOLE		0	0	6,824
TESLA INC	COM	88160R101	742	689	SH		SOLE		0	0	689
TEXAS INSTRS INC	COM	882508104	1,287	7,012	SH		SOLE		0	0	7,012
THERMO FISHER SCIENTIFIC INC	COM	883556102	246	416	SH		SOLE		0	0	416
UNION PAC CORP	COM	907818108	1,773	6,491	SH		SOLE		0	0	6,491
UNITED PARCEL SERVICE INC	CL B	911312106	1,376	6,417	SH		SOLE		0	0	6,417
VANECK ETF TRUST	PREFERRED SECURT	92189F429	475	23,124	SH		SOLE		0	0	23,124
VANGUARD ADMIRAL FDS INC	500 VAL IDX FD	921932703	522	3,462	SH		SOLE		0	0	3,462
VANGUARD INDEX FDS	SMALL CP ETF	922908751	788	3,707	SH		SOLE		0	0	3,707
VANGUARD INTL EQUITY INDEX F	FTSE SMCAP ETF	922042718	730	5,890	SH		SOLE		0	0	5,890
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	804	13,960	SH		SOLE		0	0	13,960
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	437	9,465	SH		SOLE		0	0	9,465
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	9,147	117,134	SH		SOLE		0	0	117,134
VANGUARD TAX-MANAGED INTL FD	FTSE DEV MKT ETF	921943858	242	5,045	SH		SOLE		0	0	5,045
VANGUARD WHITEHALL FDS	HIGH DIV YLD	921946406	328	2,923	SH		SOLE		0	0	2,923
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	2,338	14,700	SH		SOLE		0	0	14,700
VANGUARD WORLD FDS	FINANCIALS ETF	92204A405	355	3,801	SH		SOLE		0	0	3,801
VANGUARD WORLD FDS	UTILITIES ETF	92204A876	368	2,273	SH		SOLE		0	0	2,273
VEEVA SYS INC	CL A COM	922475108	1,020	4,800	SH		SOLE		0	0	4,800
VERISK ANALYTICS INC	COM	92345Y106	1,260	5,871	SH		SOLE		0	0	5,871
VERIZON COMMUNICATIONS INC	COM	92343V104	1,996	39,190	SH		SOLE		0	0	39,190
VISA INC	COM CL A	92826C839	2,121	9,566	SH		SOLE		0	0	9,566
VMWARE INC	CL A COM	928563402	802	7,040	SH		SOLE		0	0	7,040
WALMART INC	COM	931142103	1,692	11,364	SH		SOLE		0	0	11,364
WATERS CORP	COM	941848103	823	2,652	SH		SOLE		0	0	2,652
WEST PHARMACEUTICAL SVSC INC	COM	955306105	923	2,248	SH		SOLE		0	0	2,248
WIPRO LTD	SPON ADR 1 SH	97651M109	1,153	149,520	SH		SOLE		0	0	149,520
ZOETIS INC	CL A	98978V103	1,333	7,067	SH		SOLE		0	0	7,067