Rowland Carmichael Advisors 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
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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	977	4,639	SH		SOLE		4,639	0	0
ABBOTT LABS	COM	002824100	1,443	19,673	SH		SOLE		19,673	0	0
ABBVIE INC	COM	00287Y109	288	3,041	SH		SOLE		3,041	0	0
AERCAP HOLDINGS NV	SHS	N00985106	300	5,217	SH		SOLE		5,217	0	0
ALASKA AIR GROUP INC	COM	011659109	803	11,660	SH		SOLE		11,660	0	0
ALEXANDER & BALDWIN INC NEW	COM	014491104	415	18,310	SH		SOLE		18,310	0	0
ALLEGHANY CORP DEL	COM	017175100	425	651	SH		SOLE		651	0	0
ALPHABET INC	CAP STK CL A	02079K305	1,867	1,547	SH		SOLE		1,547	0	0
ALPHABET INC	CAP STK CL C	02079K107	210	176	SH		SOLE		176	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	1,503	140,692	SH		SOLE		140,692	0	0
ALPS ETF TR	SECTR DIV DOGS	00162Q858	14	298	SH		SOLE		298	0	0
AMDOCS LTD	SHS	G02602103	323	4,900	SH		SOLE		4,900	0	0
AMERICAN FIN TR INC	COM CLASS A	02607T109	1,326	86,923	SH		SOLE		86,923	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	579	3,986	SH		SOLE		3,986	0	0
AMPHENOL CORP NEW	CL A	032095101	229	2,434	SH		SOLE		2,434	0	0
ANALOG DEVICES INC	COM	032654105	342	3,695	SH		SOLE		3,695	0	0
ANTHEM INC	COM	036752103	1,369	4,996	SH		SOLE		4,996	0	0
APACHE CORP	COM	037411105	220	4,610	SH		SOLE		4,610	0	0
APPLE HOSPITALITY REIT INC	COM NEW	03784Y200	188	10,749	SH		SOLE		10,749	0	0
APPLE INC	COM	037833100	6,298	28,547	SH		SOLE		28,546	0	0
APTIV PLC	SHS	G6095L109	1,015	12,094	SH		SOLE		12,094	0	0
ARBOR RLTY TR INC	COM	038923108	358	31,150	SH		SOLE		31,150	0	0
ARCONIC INC	COM	03965L100	828	37,638	SH		SOLE		37,638	0	0
ARMADA HOFFLER PPTYS INC	COM	04208T108	189	12,500	SH		SOLE		12,500	0	0
ARMSTRONG WORLD INDS INC NEW	COM	04247X102	485	6,970	SH		SOLE		6,970	0	0
AUTODESK INC	COM	052769106	1,758	11,260	SH		SOLE		11,260	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	1,229	8,157	SH		SOLE		8,157	0	0
AVALONBAY CMNTYS INC	COM	053484101	525	2,900	SH		SOLE		2,900	0	0
AVERY DENNISON CORP	COM	053611109	251	2,320	SH		SOLE		2,320	0	0
BANCO SANTANDER SA	ADR	05964H105	169	33,780	SH		SOLE		33,780	0	0
BAXTER INTL INC	COM	071813109	411	5,325	SH		SOLE		5,325	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,726	8,062	SH		SOLE		8,062	0	0
BIO PATH HOLDINGS INC	COM NEW	09057N201	26	44,126	SH		SOLE		44,126	0	0
BLACKROCK CORPOR HI YLD FD I	COM	09255P107	273	26,000	SH		SOLE		26,000	0	0
BLACKROCK ENERGY & RES TR	COM	09250U101	780	53,500	SH		SOLE		53,500	0	0
BLACKROCK FLOAT RATE OME STR	COM	09255X100	273	19,814	SH		SOLE		19,814	0	0
BLACKROCK RES & COMM STRAT T	SHS	09257A108	218	24,000	SH		SOLE		24,000	0	0
BLACKSTONE MTG TR INC	COM CL A	09257W100	688	20,533	SH		SOLE		20,533	0	0
BOOZ ALLEN HAMILTON HLDG COR	CL A	099502106	323	6,515	SH		SOLE		6,515	0	0
BOSTON PROPERTIES INC	COM	101121101	492	4,000	SH		SOLE		4,000	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	412	10,712	SH		SOLE		10,712	0	0
BROADRIDGE FINL SOLUTIONS IN	COM	11133T103	666	5,050	SH		SOLE		5,050	0	0
BWX TECHNOLOGIES INC	COM	05605H100	376	6,015	SH		SOLE		6,015	0	0
C H ROBINSON WORLDWIDE INC	COM NEW	12541W209	988	10,091	SH		SOLE		10,091	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	384	4,100	SH		SOLE		4,100	0	0
CANADIAN NATL RY CO	COM	136375102	1,082	12,054	SH		SOLE		12,054	0	0
CASEYS GEN STORES INC	COM	147528103	304	2,355	SH		SOLE		2,355	0	0
CBS CORP NEW	CL B	124857202	821	14,294	SH		SOLE		14,294	0	0
CDK GLOBAL INC	COM	12508E101	285	4,554	SH		SOLE		4,554	0	0
CELGENE CORP	COM	151020104	608	6,794	SH		SOLE		6,794	0	0
CHEVRON CORP NEW	COM	166764100	679	5,549	SH		SOLE		5,548	0	0
CHUBB LIMITED	COM	H1467J104	933	6,983	SH		SOLE		6,983	0	0
CINEMARK HOLDINGS INC	COM	17243V102	263	6,530	SH		SOLE		6,530	0	0
CISCO SYS INC	COM	17275R102	1,260	25,896	SH		SOLE		25,896	0	0
CLOROX CO DEL	COM	189054109	576	3,830	SH		SOLE		3,830	0	0
COHEN & STEERS INFRASTRUCTUR	COM	19248A109	542	24,500	SH		SOLE		24,500	0	0
COHEN & STEERS REIT & PFD IN	COM	19247X100	845	43,271	SH		SOLE		43,271	0	0
COMMSCOPE HLDG CO INC	COM	20337X109	739	24,023	SH		SOLE		24,023	0	0
CONDUENT INC	COM	206787103	532	23,615	SH		SOLE		23,615	0	0
CORECIVIC INC	COM	21871N101	242	9,960	SH		SOLE		9,960	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	379	3,400	SH		SOLE		3,400	0	0
CUMMINS INC	COM	231021106	883	6,043	SH		SOLE		6,043	0	0
CYRUSONE INC	COM	23283R100	368	5,800	SH		SOLE		5,800	0	0
DANAHER CORP DEL	COM	235851102	821	7,552	SH		SOLE		7,552	0	0
DENTSPLY SIRONA INC	COM	24906P109	692	18,329	SH		SOLE		18,329	0	0
DIAGEO P L C	SPON ADR NEW	25243Q205	1,157	8,167	SH		SOLE		8,167	0	0
DOLLAR GEN CORP NEW	COM	256677105	349	3,190	SH		SOLE		3,190	0	0
DOMINION ENERGY INC	COM	25746U109	831	11,825	SH		SOLE		11,825	0	0
DORMAN PRODUCTS INC	COM	258278100	200	2,605	SH		SOLE		2,605	0	0
DOUGLAS EMMETT INC	COM	25960P109	245	6,500	SH		SOLE		6,500	0	0
DRIL-QUIP INC	COM	262037104	260	4,985	SH		SOLE		4,985	0	0
DXC TECHNOLOGY CO	COM	23355L106	932	9,967	SH		SOLE		9,967	0	0
EATON VANCE CORP	COM NON VTG	278265103	286	5,446	SH		SOLE		5,446	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	224	13,500	SH		SOLE		13,500	0	0
ENERGIZER HLDGS INC NEW	COM	29272W109	481	8,208	SH		SOLE		8,208	0	0
ENTERGY CORP NEW	COM	29364G103	202	2,490	SH		SOLE		2,490	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	262	9,110	SH		SOLE		9,110	0	0
EPAM SYS INC	COM	29414B104	351	2,550	SH		SOLE		2,550	0	0
EQUINIX INC	COM PAR $0.001	29444U700	1,533	3,541	SH		SOLE		3,541	0	0
EQUITY COMWLTH	COM SH BEN INT	294628102	262	8,175	SH		SOLE		8,175	0	0
ESSEX PPTY TR INC	COM	297178105	518	2,100	SH		SOLE		2,100	0	0
EVEREST RE GROUP LTD	COM	G3223R108	226	991	SH		SOLE		991	0	0
EXPEDITORS INTL WASH INC	COM	302130109	241	3,280	SH		SOLE		3,280	0	0
EXXON MOBIL CORP	COM	30231G102	1,232	14,489	SH		SOLE		14,489	0	0
FACEBOOK INC	CL A	30303M102	807	4,909	SH		SOLE		4,909	0	0
FASTENAL CO	COM	311900104	881	15,180	SH		SOLE		15,180	0	0
FIDELITY	MSCI FINLS IDX	316092501	523	12,956	SH		SOLE		12,956	0	0
FIDELITY	TOTAL BD ETF	316188309	217	4,471	SH		SOLE		4,471	0	0
FIDUCIARY CLAYMORE MLP OPP F	COM	31647Q106	245	20,100	SH		SOLE		20,100	0	0
FIRST AMERN FINL CORP	COM	31847R102	487	9,440	SH		SOLE		9,440	0	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	441	14,060	SH		SOLE		14,060	0	0
FLEX LTD	ORD	Y2573F102	1,081	82,425	SH		SOLE		82,425	0	0
FLEXSHARES TR	IBOXX 5YR TRGT	33939L605	622	25,652	SH		SOLE		25,652	0	0
FLEXSHARES TR	M STAR DEV MKT	33939L803	139	2,125	SH		SOLE		2,125	0	0
FRANKLIN RES INC	COM	354613101	278	9,135	SH		SOLE		9,135	0	0
FS INVT CORP	COM	302635107	116	16,516	SH		SOLE		16,516	0	0
GAMCO GLOBAL GOLD NAT RES &	COM SH BEN INT	36465A109	707	150,500	SH		SOLE		150,500	0	0
GATX CORP	COM	361448103	695	8,030	SH		SOLE		8,030	0	0
GCP APPLIED TECHNOLOGIES INC	COM	36164Y101	393	14,812	SH		SOLE		14,812	0	0
GENTEX CORP	COM	371901109	518	24,124	SH		SOLE		24,124	0	0
GENUINE PARTS CO	COM	372460105	264	2,660	SH		SOLE		2,660	0	0
GILEAD SCIENCES INC	COM	375558103	1,050	13,600	SH		SOLE		13,600	0	0
GLOBAL NET LEASE INC	COM NEW	379378201	380	18,205	SH		SOLE		18,205	0	0
GOLDMAN SACHS MLP ENERGY REN	COM	38148G107	94	14,500	SH		SOLE		14,500	0	0
GOLDMAN SACHS MLP INC OPP FD	COM SHS	38147W103	281	30,500	SH		SOLE		30,500	0	0
HASBRO INC	COM	418056107	574	5,465	SH		SOLE		5,465	0	0
HELEN OF TROY CORP LTD	COM	G4388N106	242	1,845	SH		SOLE		1,845	0	0
HESS CORP	COM	42809H107	227	3,165	SH		SOLE		3,165	0	0
HOME DEPOT INC	COM	437076102	1,229	5,931	SH		SOLE		5,931	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	211	10,016	SH		SOLE		10,016	0	0
HUNTINGTON BANCSHARES INC	COM	446150104	400	26,805	SH		SOLE		26,805	0	0
ILLINOIS TOOL WKS INC	COM	452308109	942	6,672	SH		SOLE		6,672	0	0
INDEPENDENCE RLTY TR INC	COM	45378A106	200	19,000	SH		SOLE		19,000	0	0
INGEVITY CORP	COM	45688C107	586	5,748	SH		SOLE		5,748	0	0
INTEL CORP	COM	458140100	1,225	25,894	SH		SOLE		25,894	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	885	5,855	SH		SOLE		5,855	0	0
INVESCO EXCHANGE TRADED FD T	BUYBACK ACHIEV	46137V308	659	10,804	SH		SOLE		10,804	0	0
INVESCO EXCHANGE TRADED FD T	DWA UTILS MUMT	46137V795	97	3,400	SH		SOLE		3,400	0	0
INVESCO EXCHANGE TRADED FD T	DYNMC LRG VALU	46137V738	89	2,386	SH		SOLE		2,386	0	0
INVESCO EXCHANGE TRADED FD T	DYNMC PHRMCTLS	46137V662	15	206	SH		SOLE		206	0	0
INVESCO EXCHANGE TRADED FD T	FTSE RAFI 1000	46137V613	11,273	94,916	SH		SOLE		94,916	0	0
INVESCO EXCHANGE TRADED FD T	FTSE RAFI 1500	46137V597	13,840	97,290	SH		SOLE		97,290	0	0
INVESCO EXCHANGE TRADED FD T	GBL LISTED PVT	46137V589	2	180	SH		SOLE		180	0	0
INVESCO EXCHANGE TRADED FD T	INSIDER SENMNT	46137V555	21	310	SH		SOLE		310	0	0
INVESCO EXCHANGE TRADED FD T	S&P500 EQL STP	46137V373	32	252	SH		SOLE		252	0	0
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	6,725	62,966	SH		SOLE		62,966	0	0
INVESCO EXCHANGE TRADED FD T	S&P500 EQL HLT	46137V332	14	66	SH		SOLE		66	0	0
INVESCO EXCHANGE TRADED FD T	S&P500 PUR VAL	46137V258	21	305	SH		SOLE		305	0	0
INVESCO EXCHANGE TRADED FD T	S&P MDCP400 EQ	46137V225	69	1,005	SH		SOLE		1,005	0	0
INVESCO EXCHANGE TRADED FD T	S&P SPIN OFF	46137V159	202	3,673	SH		SOLE		3,673	0	0
INVESCO EXCHNG TRADED FD TR	FTSE RAFI DEV	46138E743	99	2,294	SH		SOLE		2,294	0	0
INVESCO EXCHNG TRADED FD TR	KBW PREM YIELD	46138E594	47	1,400	SH		SOLE		1,400	0	0
INVESCO EXCHNG TRADED FD TR	S&P500 LOW VOL	46138E354	410	8,285	SH		SOLE		8,285	0	0
INVESCO EXCHNG TRADED FD TR	S&P SMLCP LOW	46138G102	1	20	SH		SOLE		20	0	0
INVESCO EXCHNG TRADED FD TR	SR LN ETF	46138G508	602	25,972	SH		SOLE		25,972	0	0
INVESCO EXCHNG TRADED FD TR	VAR RATE PFD	46138G870	9	353	SH		SOLE		353	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	1,668	8,978	SH		SOLE		8,978	0	0
INVITATION HOMES INC	COM	46187W107	252	11,000	SH		SOLE		11,000	0	0
IQVIA HLDGS INC	COM	46266C105	1,699	13,097	SH		SOLE		13,097	0	0
ISHARES GOLD TRUST	ISHARES	464285105	251	22,002	SH		SOLE		22,002	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	245	4,740	SH		SOLE		4,740	0	0
ISHARES INC	MSCI JPN ETF NEW	46434G822	389	6,457	SH		SOLE		6,457	0	0
ISHARES TR	1 3 YR TREAS BD	464287457	54	651	SH		SOLE		651	0	0
ISHARES TR	BARCLAYS 7 10 YR	464287440	57	562	SH		SOLE		562	0	0
ISHARES TR	CONSER ALLOC ETF	464289883	99	2,882	SH		SOLE		2,882	0	0
ISHARES TR	CORE HIGH DV ETF	46429B663	23	250	SH		SOLE		250	0	0
ISHARES TR	CORE MSCI EAFE	46432F842	390	6,084	SH		SOLE		6,084	0	0
ISHARES TR	CORE S&P500 ETF	464287200	268	915	SH		SOLE		915	0	0
ISHARES TR	CORE S&P TTL STK	464287150	208	3,128	SH		SOLE		3,128	0	0
ISHARES TR	CORE US AGGBD ET	464287226	1,564	14,823	SH		SOLE		14,823	0	0
ISHARES TR	MIN VOL EAFE ETF	46429B689	19	266	SH		SOLE		266	0	0
ISHARES TR	FLTG RATE NT ETF	46429B655	5,459	107,006	SH		SOLE		107,006	0	0
ISHARES TR	INTL DEV RE ETF	464288489	108	3,767	SH		SOLE		3,767	0	0
ISHARES TR	GRWT ALLOCAT ETF	464289867	209	4,642	SH		SOLE		4,642	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	438	5,063	SH		SOLE		5,063	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	14	125	SH		SOLE		125	0	0
ISHARES TR	INTRM GOV CR ETF	464288612	37	345	SH		SOLE		345	0	0
ISHARES TR	JPMORGAN USD EMG	464288281	28	261	SH		SOLE		261	0	0
ISHARES TR	MBS ETF	464288588	20	193	SH		SOLE		193	0	0
ISHARES TR	MODERT ALLOC ETF	464289875	88	2,313	SH		SOLE		2,313	0	0
ISHARES TR	MSCI EAFE ETF	464287465	153	2,253	SH		SOLE		2,253	0	0
ISHARES TR	MSCI EMG MKT ETF	464287234	9	200	SH		SOLE		200	0	0
ISHARES TR	NATIONAL MUN ETF	464288414	494	4,580	SH		SOLE		4,580	0	0
ISHARES TR	S&P US PFD STK	464288687	32	855	SH		SOLE		855	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	404	2,399	SH		SOLE		2,399	0	0
ISHARES TR	RUS 2000 GRW ETF	464287648	12	58	SH		SOLE		58	0	0
ISHARES TR	RUS MD CP GR ETF	464287481	8	59	SH		SOLE		59	0	0
ISHARES TR	AGGRES ALLOC ETF	464289859	131	2,391	SH		SOLE		2,391	0	0
ISHARES TR	CORE S&P MCP ETF	464287507	1,370	6,805	SH		SOLE		6,805	0	0
ISHARES TR	SP SMCP600VL ETF	464287879	48	289	SH		SOLE		289	0	0
ISHARES TR	CORE S&P SCP ETF	464287804	961	11,011	SH		SOLE		11,011	0	0
ISHARES TR	SH TR CRPORT ETF	464288646	680	13,118	SH		SOLE		13,118	0	0
ISHARES TR	TIPS BD ETF	464287176	154	1,391	SH		SOLE		1,391	0	0
ISHARES TR	U.S. CNSM SV ETF	464287580	112	530	SH		SOLE		530	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	30	380	SH		SOLE		380	0	0
ISHARES TR	U.S. TECH ETF	464287721	29	149	SH		SOLE		149	0	0
ISHARES TR	US TREAS BD ETF	46429B267	312	12,835	SH		SOLE		12,835	0	0
JOHNSON & JOHNSON	COM	478160104	1,947	14,092	SH		SOLE		14,092	0	0
JP MORGAN EXCHANGE TRADED FD	ULTRA SHRT INC	46641Q837	15,392	306,924	SH		SOLE		306,924	0	0
KAMAN CORP	COM	483548103	489	7,329	SH		SOLE		7,329	0	0
KEYSIGHT TECHNOLOGIES INC	COM	49338L103	1,411	21,286	SH		SOLE		21,286	0	0
KILROY RLTY CORP	COM	49427F108	337	4,700	SH		SOLE		4,700	0	0
KITE RLTY GROUP TR	COM NEW	49803T300	216	13,000	SH		SOLE		13,000	0	0
LADDER CAP CORP	CL A	505743104	518	30,562	SH		SOLE		30,562	0	0
LANDSTAR SYS INC	COM	515098101	722	5,921	SH		SOLE		5,921	0	0
LCI INDS	COM	50189K103	206	2,491	SH		SOLE		2,491	0	0
LIBERTY BROADBAND CORP	COM SER C	530307305	335	3,974	SH		SOLE		3,974	0	0
LIBERTY MEDIA CORP DELAWARE	COM C SIRIUSXM	531229607	393	9,050	SH		SOLE		9,050	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	275	6,515	SH		SOLE		6,515	0	0
LLOYDS BANKING GROUP PLC	SPONSORED ADR	539439109	152	50,111	SH		SOLE		50,111	0	0
M & T BK CORP	COM	55261F104	342	2,080	SH		SOLE		2,080	0	0
MACERICH CO	COM	554382101	243	4,400	SH		SOLE		4,400	0	0
MARKEL CORP	COM	570535104	396	333	SH		SOLE		333	0	0
MASONITE INTL CORP NEW	COM	575385109	326	5,089	SH		SOLE		5,089	0	0
MATSON INC	COM	57686G105	280	7,054	SH		SOLE		7,054	0	0
MBIA INC	COM	55262C100	228	21,361	SH		SOLE		21,361	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	1,044	7,923	SH		SOLE		7,923	0	0
MCDONALDS CORP	COM	580135101	1,067	6,381	SH		SOLE		6,381	0	0
MCKESSON CORP	COM	58155Q103	320	2,415	SH		SOLE		2,415	0	0
MEDICAL PPTYS TRUST INC	COM	58463J304	515	34,574	SH		SOLE		34,574	0	0
MEDTRONIC PLC	SHS	G5960L103	1,170	11,889	SH		SOLE		11,889	0	0
METLIFE INC	COM	59156R108	259	5,547	SH		SOLE		5,547	0	0
MICROSOFT CORP	COM	594918104	1,588	13,885	SH		SOLE		13,885	0	0
MORGAN STANLEY EM MKTS DM DE	COM	617477104	871	129,223	SH		SOLE		129,223	0	0
MSG NETWORK INC	CL A	553573106	394	15,259	SH		SOLE		15,259	0	0
NEW YORK TIMES CO	CL A	650111107	897	38,746	SH		SOLE		38,746	0	0
NEWMARKET CORP	COM	651587107	611	1,507	SH		SOLE		1,507	0	0
NEXTERA ENERGY INC	COM	65339F101	453	2,700	SH		SOLE		2,700	0	0
NISOURCE INC	COM	65473P105	269	10,775	SH		SOLE		10,775	0	0
NUVASIVE INC	COM	670704105	644	9,075	SH		SOLE		9,075	0	0
NUVEEN ENERGY MLP TOTL RTRNF	COM	67074U103	532	48,100	SH		SOLE		48,100	0	0
NUVEEN PFD & INCM SECURTIES	COM	67072C105	257	29,242	SH		SOLE		29,242	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	1,071	32,679	SH		SOLE		32,679	0	0
PATTERN ENERGY GROUP INC	CL A	70338P100	364	18,335	SH		SOLE		18,335	0	0
PENSKE AUTOMOTIVE GRP INC	COM	70959W103	438	9,232	SH		SOLE		9,232	0	0
PEPSICO INC	COM	713448108	204	1,822	SH		SOLE		1,822	0	0
PFIZER INC	COM	717081103	333	7,558	SH		SOLE		7,558	0	0
PHILIP MORRIS INTL INC	COM	718172109	805	9,875	SH		SOLE		9,875	0	0
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	93	920	SH		SOLE		920	0	0
PIMCO ETF TR	15+ YR US TIPS	72201R304	78	1,200	SH		SOLE		1,200	0	0
PIMCO ETF TR	ACTIVE BD ETF	72201R775	4	40	SH		SOLE		40	0	0
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	720	7,088	SH		SOLE		7,088	0	0
PIONEER NAT RES CO	COM	723787107	205	1,175	SH		SOLE		1,175	0	0
POLARIS INDS INC	COM	731068102	776	7,690	SH		SOLE		7,690	0	0
PPL CORP	COM	69351T106	202	6,900	SH		SOLE		6,900	0	0
PRICESMART INC	COM	741511109	358	4,421	SH		SOLE		4,421	0	0
PROCTER AND GAMBLE CO	COM	742718109	565	6,785	SH		SOLE		6,785	0	0
PROGRESSIVE CORP OHIO	COM	743315103	785	11,057	SH		SOLE		11,057	0	0
PROSHARES TR	HGH YLD INT RATE	74348A541	20	292	SH		SOLE		292	0	0
PROSHARES TR	S&P 500 DV ARIST	74348A467	190	2,837	SH		SOLE		2,837	0	0
PROSPECT CAPITAL CORPORATION	COM	74348T102	166	22,710	SH		SOLE		22,710	0	0
PUBLIC STORAGE	COM	74460D109	796	3,947	SH		SOLE		3,947	0	0
QUEST DIAGNOSTICS INC	COM	74834L100	432	4,000	SH		SOLE		4,000	0	0
REALTY INCOME CORP	COM	756109104	1,116	19,610	SH		SOLE		19,610	0	0
REGENCY CTRS CORP	COM	758849103	291	4,500	SH		SOLE		4,500	0	0
REINSURANCE GROUP AMER INC	COM NEW	759351604	290	2,008	SH		SOLE		2,008	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	215	11,500	SH		SOLE		11,500	0	0
REXFORD INDL RLTY INC	COM	76169C100	224	7,000	SH		SOLE		7,000	0	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	7	100	SH		SOLE		100	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	203	2,983	SH		SOLE		2,983	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	297	12,835	SH		SOLE		12,835	0	0
SANDERSON FARMS INC	COM	800013104	382	3,691	SH		SOLE		3,691	0	0
SAP SE	SPON ADR	803054204	236	1,922	SH		SOLE		1,922	0	0
SBA COMMUNICATIONS CORP NEW	CL A	78410G104	249	1,550	SH		SOLE		1,550	0	0
SCHLUMBERGER LTD	COM	806857108	1,166	19,142	SH		SOLE		19,142	0	0
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	8	301	SH		SOLE		301	0	0
SCHWAB STRATEGIC TR	SCHWAB FDT US SC	808524763	525	12,889	SH		SOLE		12,889	0	0
SCHWAB STRATEGIC TR	INTRM TRM TRES	808524854	152	2,931	SH		SOLE		2,931	0	0
SCHWAB STRATEGIC TR	INTL SCEQT ETF	808524888	1	25	SH		SOLE		25	0	0
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	577	11,635	SH		SOLE		11,635	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	733	10,412	SH		SOLE		10,412	0	0
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	33	471	SH		SOLE		471	0	0
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	16	285	SH		SOLE		285	0	0
SCHWAB STRATEGIC TR	US MID-CAP ETF	808524508	107	1,856	SH		SOLE		1,856	0	0
SCHWAB STRATEGIC TR	US REIT ETF	808524847	193	4,621	SH		SOLE		4,621	0	0
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	825	10,830	SH		SOLE		10,830	0	0
SCHWAB STRATEGIC TR	US AGGREGATE B	808524839	246	4,895	SH		SOLE		4,895	0	0
SCHWAB STRATEGIC TR	US DIVIDEND EQ	808524797	21	391	SH		SOLE		391	0	0
SERVICE CORP INTL	COM	817565104	325	7,363	SH		SOLE		7,363	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	654	3,700	SH		SOLE		3,700	0	0
SMITH & NEPHEW PLC	SPDN ADR NEW	83175M205	510	13,742	SH		SOLE		13,742	0	0
SONOCO PRODS CO	COM	835495102	258	4,640	SH		SOLE		4,640	0	0
SOUTHERN CO	COM	842587107	871	19,978	SH		SOLE		19,978	0	0
SPDR INDEX SHS FDS	PORTFOLIO DEVLPD	78463X889	953	30,962	SH		SOLE		30,962	0	0
SPDR INDEX SHS FDS	PORTFOLIO EMG MK	78463X509	4	115	SH		SOLE		115	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,676	5,765	SH		SOLE		5,765	0	0
SPDR SER TR	BLOMBERG BRC INV	78468R200	266	8,625	SH		SOLE		8,625	0	0
SPDR SER TR	BLOOMBERG SRT TR	78468R408	648	23,499	SH		SOLE		23,499	0	0
SPDR SER TR	NUVEEN BLMBRG SR	78468R739	491	10,300	SH		SOLE		10,300	0	0
SPDR SER TR	SSGA US SMAL ETF	78468R887	19	200	SH		SOLE		200	0	0
SPDR SERIES TRUST	PORTFOLIO AGRGTE	78464A649	19	686	SH		SOLE		686	0	0
SPDR SERIES TRUST	PORTFOLIO INTRMD	78464A375	1,157	34,756	SH		SOLE		34,756	0	0
SPDR SERIES TRUST	PORTFOLIO SHORT	78464A474	102	3,372	SH		SOLE		3,372	0	0
SPDR SERIES TRUST	PORTFOLIO TL STK	78464A805	1,273	35,157	SH		SOLE		35,157	0	0
SPDR SERIES TRUST	S&P 600 SML CAP	78464A813	90	1,190	SH		SOLE		1,190	0	0
SPDR SERIES TRUST	S&P 600 SMCP VAL	78464A300	1,402	20,529	SH		SOLE		20,529	0	0
SPDR SERIES TRUST	S&P DIVID ETF	78464A763	66	672	SH		SOLE		672	0	0
SPDR SERIES TRUST	S&P OILGAS EXP	78464A730	2	50	SH		SOLE		50	0	0
STAG INDL INC	COM	85254J102	528	19,207	SH		SOLE		19,207	0	0
STARBUCKS CORP	COM	855244109	1,919	33,758	SH		SOLE		33,758	0	0
STARWOOD PPTY TR INC	COM	85571B105	576	26,782	SH		SOLE		26,782	0	0
STORE CAP CORP	COM	862121100	436	15,685	SH		SOLE		15,685	0	0
STURM RUGER & CO INC	COM	864159108	359	5,202	SH		SOLE		5,202	0	0
SUMITOMO MITSUI FINL GROUP I	SPONSORED ADR	86562M209	183	22,760	SH		SOLE		22,760	0	0
SUN CMNTYS INC	COM	866674104	801	7,890	SH		SOLE		7,890	0	0
SUNTRUST BKS INC	COM	867914103	489	7,320	SH		SOLE		7,320	0	0
SYSCO CORP	COM	871829107	343	4,680	SH		SOLE		4,680	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	977	42,700	SH		SOLE		42,700	0	0
TEMPLETON EMERG MKTS INCOME	COM	880192109	899	89,866	SH		SOLE		89,866	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	649	106,000	SH		SOLE		106,000	0	0
TEMPUR SEALY INTL INC	COM	88023U101	216	4,086	SH		SOLE		4,086	0	0
TEXAS INSTRS INC	COM	882508104	944	8,796	SH		SOLE		8,796	0	0
TOTAL S A	SPONSORED ADR	89151E109	200	3,107	SH		SOLE		3,107	0	0
TRAVELERS COMPANIES INC	COM	89417E109	286	2,206	SH		SOLE		2,206	0	0
UBIQUITI NETWORKS INC	COM	90347A100	455	4,605	SH		SOLE		4,605	0	0
ULTA BEAUTY INC	COM	90384S303	322	1,142	SH		SOLE		1,142	0	0
UNION BANKSHARES CORP NEW	COM	90539J109	347	9,000	SH		SOLE		9,000	0	0
UNITED BANKSHARES INC WEST V	COM	909907107	282	7,760	SH		SOLE		7,760	0	0
UNUM GROUP	COM	91529Y106	283	7,253	SH		SOLE		7,253	0	0
URBAN EDGE PPTYS	COM	91704F104	221	10,000	SH		SOLE		10,000	0	0
V F CORP	COM	918204108	1,234	13,205	SH		SOLE		13,205	0	0
VANGUARD BD INDEX FD INC	LONG TERM BOND	921937793	4	41	SH		SOLE		41	0	0
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	46	584	SH		SOLE		584	0	0
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	297	3,768	SH		SOLE		3,768	0	0
VANGUARD GROUP	DIV APP ETF	921908844	1,587	14,340	SH		SOLE		14,340	0	0
VANGUARD INDEX FDS	EXTEND MKT ETF	922908652	20	160	SH		SOLE		160	0	0
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	173	1,297	SH		SOLE		1,297	0	0
VANGUARD INDEX FDS	MID CAP ETF	922908629	101	614	SH		SOLE		614	0	0
VANGUARD INDEX FDS	MCAP VL IDXVIP	922908512	9	84	SH		SOLE		84	0	0
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	1,412	17,496	SH		SOLE		17,496	0	0
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	2,730	10,221	SH		SOLE		10,221	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	114	703	SH		SOLE		703	0	0
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	514	3,687	SH		SOLE		3,687	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	13,424	89,701	SH		SOLE		89,701	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	799	15,360	SH		SOLE		15,360	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	1,131	27,590	SH		SOLE		27,590	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	74	1,325	SH		SOLE		1,325	0	0
VANGUARD INTL EQUITY INDEX F	GLB EX US ETF	922042676	523	9,319	SH		SOLE		9,319	0	0
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	613	8,079	SH		SOLE		8,079	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	221	2,640	SH		SOLE		2,640	0	0
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	3,315	76,619	SH		SOLE		76,619	0	0
VANGUARD WORLD FDS	CONSUM STP ETF	92204A207	1,061	7,569	SH		SOLE		7,569	0	0
VANGUARD WORLD FDS	FINANCIALS ETF	92204A405	29	425	SH		SOLE		425	0	0
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	1,302	7,215	SH		SOLE		7,215	0	0
VEREIT INC	COM	92339V100	896	123,387	SH		SOLE		123,387	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	1,102	20,648	SH		SOLE		20,648	0	0
VERSUM MATLS INC	COM	92532W103	450	12,506	SH		SOLE		12,506	0	0
VISA INC	COM CL A	92826C839	2,443	16,275	SH		SOLE		16,275	0	0
VODAFONE GROUP PLC NEW	SPONSORED ADR	92857W308	691	31,855	SH		SOLE		31,855	0	0
VORNADO RLTY TR	SH BEN INT	929042109	277	3,800	SH		SOLE		3,800	0	0
W P CAREY INC	COM	92936U109	1,629	25,326	SH		SOLE		25,326	0	0
WALMART INC	COM	931142103	263	2,798	SH		SOLE		2,798	0	0
WELLS FARGO CO NEW	COM	949746101	5,798	110,313	SH		SOLE		110,313	0	0
WELLTOWER INC	COM	95040Q104	250	3,890	SH		SOLE		3,890	0	0
WESTERN ASSET EMRG MKT DEBT	COM	95766A101	275	20,456	SH		SOLE		20,456	0	0
WESTERN ASSET HIGH INCM OPP	COM	95766K109	395	83,000	SH		SOLE		83,000	0	0
WESTERN UN CO	COM	959802109	230	12,070	SH		SOLE		12,070	0	0
WHITE MTNS INS GROUP LTD	COM	G9618E107	366	391	SH		SOLE		391	0	0
WILLIAMS SONOMA INC	COM	969904101	993	15,107	SH		SOLE		15,107	0	0
WOODWARD INC	COM	980745103	295	3,650	SH		SOLE		3,650	0	0
XCEL ENERGY INC	COM	98389B100	221	4,680	SH		SOLE		4,680	0	0
XILINX INC	COM	983919101	1,048	13,074	SH		SOLE		13,074	0	0
XPO LOGISTICS INC	COM	983793100	1,855	16,245	SH		SOLE		16,245	0	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	291	2,210	SH		SOLE		2,210	0	0
ZIONS BANCORPORATION	COM	989701107	6,750	134,598	SH		SOLE		134,597	0	0