United Capital Financial Advisers

United Capital Financial Advisers as of March 31, 2012

Portfolio Holdings for United Capital Financial Advisers

United Capital Financial Advisers holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing

                FORM 13F INFORMATION TABLE


                                                            VALUE   SHARES/ SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
  NAME OF ISSUER               TITLE OF CLASS    CUSIP    (x$1000)  PRN AMT PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
------------------------------------------------------------------------------------------------------------------------------------
{S}                            {C}              {C}       {C}      {C}     {C} {C}  {C}       {C}         {C}     {C}       {C}

3M Co				COM	88579y101	7175	80423 SH		SOLE	-		22661	0	57762
Abbott Labs			COM	002824100	10445	170416 SH		SOLE	-		83507	0	86909
Accenture			COM	g1151c101	5427	84135 SH		SOLE	-		55757	0	28378
Adobe Systems Inc		COM	00724F101	569	16582 SH		SOLE	-		6393	0	10189
AECOM Technology Corporation	COM	00766t100	3170	141699 SH		SOLE	-		18459	0	123240
AES Corp			COM	00130H105	1694	188239 SH		SOLE	-		7	0	188232
AES Tr Iii 6.75% Pf		PFD	00808N202	4113	82380 SH		SOLE	-		-	0	82380
Aetna Inc			COM	00817Y108	5850	116622 SH		SOLE	-		101436	0	15186
AFFILIATED MNGRS GRP COM	COM	008252108	1166	10424 SH		SOLE	-		3450	0	6974
Aflac Inc.			COM	001055102	4144	90105 SH		SOLE	-		74358	0	15747
Agilent Technologies Inc	COM	00846U101	323	7251 SH			SOLE	-		4227	0	3024
Akamai Technologies, Inc.	COM	00971t101	5294	144246 SH		SOLE	-		126500	0	17746
Alliance Bernstein Holding L.P.	COM	01881G106	852	54600 SH		SOLE	-		-	0	54600
Alliance Resource Partner	COM	01877R108	1397	23250 SH		SOLE	-		-	0	23250
AllianceBernstein Glbl Hgh Inc	ETF	01879R106	213	14212 SH		SOLE	-		8612	0	5600
Altria Group Inc.		COM	02209s103	2891	93667 SH		SOLE	-		75558	0	18109
America Movil, S.A.B. de C.V.	COM	02364w105	2554	102865 SH		SOLE	-		75245	0	27620
AMERICAN CAP MTG INVT COM	COM	02504a104	272	12500 SH		SOLE	-		-	0	12500
American Capital Ltd		COM	02503y103	1001	115310 SH		SOLE	-		1975	0	113335
Annaly Capital Management	COM	035710409	184	11657 SH		SOLE	-		-	0	11657
Ansys, Inc.			COM	03662Q105	260	4003 SH			SOLE	-		822	0	3181
Apache Corporation		COM	037411105	545	5426 SH			SOLE	-		-	0	5426
Apple				COM	037833100	30441	50773 SH		SOLE	-		5975	0	44798
Applied Indstrl Tech, Inc.	COM	03820C105	1366	33208 SH		SOLE	-		33208	0	-
Aqua America Inc		COM	03836W103	1021	45797 SH		SOLE	-		45774	0	23
AT^T Inc			COM	00206R102	12510	400561 SH		SOLE	-		125035	0	275526
AuRico Gold Inc			COM	05155C105	198	22275 SH		SOLE	-		21999	0	276
Automatic Data Processing	COM	053015103	218	3948 SH			SOLE	-		-	0	3948
Babson Capital Corporate Inv	COM	05617k109	282	16999 SH		SOLE	-		16999	0	-
Berkshire Hathaway Class B	COM	084670702	292	3600 SH			SOLE	-		-	0	3600
BioClinica, Inc.		COM	09071B100	195	35135 SH		SOLE	-		35135	0	-
Biogen Idec Inc			COM	09062X103	7541	59853 SH		SOLE	-		42140	0	17713
BioMed Realty Trust Inc		COM	09063H107	191	10040 SH		SOLE	-		9887	0	153
BlackRock Inc			COM	09247x101	3040	14836 SH		SOLE	-		34	0	14802
BlackRock MuniHoldings Qty II	ETF	09254C107	307	22000 SH		SOLE	-		22000	0	-
Blackstone Group LP		COM	09253U108	250	15658 SH		SOLE	-		15658	0	-
Boston Scientific, Inc.		COM	101137107	130	21721 SH		SOLE	-		430	0	21291
BP plc				COM	055622104	354	7865 SH			SOLE	-		-	0	7865
Bristol Myers Squibb Co.	COM	110122108	7482	221691 SH		SOLE	-		7479	0	214212
British American Tobacco PLC	COM	110448107	306	3026 SH			SOLE	-		1351	0	1675
Brookfield Asset Management	COM	112585104	725	22953 SH		SOLE	-		533	0	22420
Brookfield Infras Prtnr		COM	g16252101	10413	329516 SH		SOLE	-		31800	0	297716
Brown-Forman Corp Cl		COM	115637209	697	8357 SH			SOLE	-		2	0	8355
Buckeye Partners L.P.		COM	118230101	1998	32660 SH		SOLE	-		400	0	32260
Bunge Ltd			COM	G16962105	240	3510 SH			SOLE	-		3507	0	3
CA, Inc.			COM	12673P105	271	9847 SH			SOLE	-		3679	0	6168
Calamos Convertible & High Fund ETF	12811P108	147	11539 SH		SOLE	-		6722	0	4817
Calavo Growers, Inc.		COM	128246105	5020	187462 SH		SOLE	-		57362	0	130100
Cameron International Corp	COM	13342B105	286	5408 SH			SOLE	-		3464	0	1944
Canadian National Railway Co	COM	136375102	205	2585 SH			SOLE	-		335	0	2250
Canadian Natural Resources Ltd	COM	136385101	684	20617 SH		SOLE	-		17000	0	3617
Canadian Pacific Railway Ltd	COM	13645T100	237	3120 SH			SOLE	-		195	0	2925
Capital One Financial Corp	COM	14040H105	1034	18553 SH		SOLE	-		64	0	18489
Capital One Fina Corp Warrants	WRT	14040H139	4177	183055 SH		SOLE	-		-	0	183055
CapitalSource Inc		COM	14055X102	8305	1258321 SH		SOLE	-		1000	0	1257321
Cardinal Health Inc		COM	14149Y108	204	4722 SH			SOLE	-		2209	0	2513
Carmax, Inc.			COM	143130102	1146	33064 SH		SOLE	-		6344	0	26720
Caterpillar, Inc	.	COM	149123101	2434	22851 SH		SOLE	-		16225	0	6626
CBIZ, Inc.			COM	124805102	261	41286 SH		SOLE	-		41286	0	-
CBS Corporation			COM	124857202	298	8783 SH			SOLE	-		2963	0	5820
Celanese Corporation		COM	150870103	320	6936 SH			SOLE	-		6837	0	99
CenturyLink Inc			COM	156700106	261	6761 SH			SOLE	-		5892	0	869
Cerner Corp.			COM	156782104	10323	135546 SH		SOLE	-		130	0	135416
Charles Schwab Corp.		COM	808513105	294	20456 SH		SOLE	-		13350	0	7106
Check Point Software Tech	COM	M22465104	656	10272 SH		SOLE	-		667	0	9605
Chesapeake Energy 4.5%		PFD	165167842	2488	27045 SH		SOLE	-		-	0	27045
Chesapeake Energy Corporation	COM	165167107	265	11440 SH		SOLE	-		1004	0	10436
Chevron Corp.			COM	166764100	15242	142169 SH		SOLE	-		59062	0	83107
Chicago Bridge & Iron		COM	167250109	1748	40470 SH		SOLE	-		680	0	39790
China Mobile Ltd.		COM	16941M109	239	4348 SH			SOLE	-		3416	0	932
Chipotle Mexican Grill, Inc.	COM	169656105	3977	9515 SH			SOLE	-		8320	0	1195
Chubb Corporation		COM	171232101	1693	24502 SH		SOLE	-		3252	0	21250
Cisco Systems Inc		COM	17275r102	7411	350407 SH		SOLE	-		119275	0	231132
Citigroup Inc			COM	172967424	797	21798 SH		SOLE	-		11674	0	10124
Citrix Systems, Inc.		COM	177376100	249	3152 SH			SOLE	-		1503	0	1649
City National Corp		COM	178566105	789	15029 SH		SOLE	-		14578	0	451
Cliffs Natural Resources Inc.	COM	18683K101	675	9739 SH			SOLE	-		165	0	9574
Clorox Co.			COM	189054109	540	7858 SH			SOLE	-		6106	0	1752
CME Group, Inc.			COM	12572q105	6657	23008 SH		SOLE	-		1154	0	21854
Coach, Inc.			COM	189754104	2286	29584 SH		SOLE	-		8870	0	20714
Cobalt International Energ	COM	19075F106	282	9400 SH			SOLE	-		-	0	9400
Coca Cola Co.			COM	191216100	6358	85905 SH		SOLE	-		28782	0	57123
Cognizant Techn Sol Corpn	COM	192446102	400	5193 SH			SOLE	-		2680	0	2513
Cohen & Steers Inc		COM	19247A100	221	6940 SH			SOLE	-		-	0	6940
Comcast Corp			COM	20030n101	585	19484 SH		SOLE	-		11030	0	8454
Commonwealth REIT    Pf		PFD	203233408	2936	137450 SH		SOLE	-		-	0	137450
Community Bankers Trust Cor	COM	203612106	25	11455 SH		SOLE	-		-	0	11455
Community Health Systems Inc	COM	203668108	268	12039 SH		SOLE	-		12039	0	-
ConocoPhillips			COM	20825c104	1820	31403 SH		SOLE	-		15251	0	16152
Consolidated Edison, Inc.	COM	209115104	358	6136 SH			SOLE	-		3366	0	2770
Consumer Discret Sel Sec SPDR	ETF	81369Y407	42162	935061 SH		SOLE	-		724490	0	210571
Consumer Staples Sel Sec SPDR	ETF	81369y308	41530	1218591 SH		SOLE	-		944515	0	274077
Cooper Industries PLC.		COM	G24140108	203	3167 SH			SOLE	-		315	0	2852
Copart, Inc.			COM	217204106	215	8234 SH			SOLE	-		78	0	8156
Core Laboratories N.V.		COM	N22717107	206	1566 SH			SOLE	-		566	0	1000
Corning, Inc.			COM	219350105	1853	131615 SH		SOLE	-		15904	0	115711
Costco Wholesale Corporation	COM	22160k105	2445	26931 SH		SOLE	-		20271	0	6660
Coventry Health Care In		COM	222862104	540	15173 SH		SOLE	-		167	0	15006
Covidien PLC			COM	G2554F113	1302	23806 SH		SOLE	-		16176	0	7630
Credit Suisse Cushing 30 ETN	ETF	22542D852	635	25757 SH		SOLE	-		23434	0	2323
Crown Holdings			COM	228368106	240	6509 SH			SOLE	-		6342	0	167
CUI Global, Inc			COM	126576206	4900	1008170 SH		SOLE	-		1008170	0	-
Cumberland Pharma, Inc.		COM	230770109	150	20000 SH		SOLE	-		20000	0	-
Cummins, Inc.			COM	231021106	531	4423 SH			SOLE	-		532	0	3891
CurrencyShares Australian	ETF	23129u101	748	7198 SH			SOLE	-		6502	0	696
CVS Caremark Corp		COM	126650100	5693	127083 SH		SOLE	-		108086	0	18998
Danaher Corp Del		CONV	235851AF9	479	3000 SH			SOLE	-		3000	0	-
Danaher Corporation		COM	235851102	12800	228568 SH		SOLE	-		69174	0	159394
Deere & Co			COM	244199105	1400	17310 SH		SOLE	-		13963	0	3347
Dentsply International		COM	249030107	1146	28561 SH		SOLE	-		25849	0	2712
Devon Energy Corp		COM	25179M103	2059	28947 SH		SOLE	-		17809	0	11138
Diageo PLC			COM	25243q205	367	3802 SH			SOLE	-		930	0	2872
Diamond Offshore Drilling, Inc.	COM	25271C102	711	10650 SH		SOLE	-		8020	0	2630
Digital Realty Trust		COM	253868103	2472	33419 SH		SOLE	-		28995	0	4424
Dominion Resources Inc		COM	25746U109	1808	35307 SH		SOLE	-		35307	0	-
DR Horton Inc			COM	23331A109	5581	367916 SH		SOLE	-		322416	0	45500
Duke Energy Corporation		COM	26441c105	354	16830 SH		SOLE	-		13228	0	3602
Duke Realty Corp		COM	264411505	1148	80031 SH		SOLE	-		56398	0	23633
DuPont Co.			COM	263534109	3830	72393 SH		SOLE	-		6849	0	65544
Eagle Bancorp Inc M		COM	268948106	2212	132116 SH		SOLE	-		-	0	132116
EastGroup Properties, Inc.	COM	277276101	2077	41350 SH		SOLE	-		-	0	41350
Eaton Corporation		COM	278058102	501	10051 SH		SOLE	-		3072	0	6979
Ebay Inc.			COM	278642103	211	5716 SH			SOLE	-		1448	0	4268
El Paso Corporation		COM	28336L109	235	7969 SH			SOLE	-		4333	0	3636
El Paso Pipeline Partners L	COM	283702108	422	12103 SH		SOLE	-		10103	0	2000
Eli Lilly & Co.			COM	532457108	1719	42702 SH		SOLE	-		21842	0	20860
Emerson Electric Co.		COM	291011104	12912	247457 SH		SOLE	-		106569	0	140888
Energy Select Sector SPDR	ETF	81369Y506	449	6253 SH			SOLE	-		80	0	6173
Energy Transfer Equity LP	COM	29273V100	2934	72800 SH		SOLE	-		-	0	72800
Energy Transfer Partners, L.P.	COM	29273R109	302	6435 SH			SOLE	-		3451	0	2984
Ensco PLC			COM	29358q109	253	4775 SH			SOLE	-		4377	0	398
Enterprise Prd Partnership Lp	COM	293792107	15188	300936 SH		SOLE	-		69653	0	231283
EOG Resources			COM	26875P101	2276	20482 SH		SOLE	-		6232	0	14250
eResearchTechnology Inc.	COM	29481V108	289	37000 SH		SOLE	-		37000	0	-
Estee Lauder Cos Inc		COM	518439104	5440	87824 SH		SOLE	-		75341	0	12483
ETFS Physical Swiss Gold Shares	ETF	26922Y105	570	3452 SH			SOLE	-		152	0	3300
EV Energy Partner LP		COM	26926V107	828	11900 SH		SOLE	-		11400	0	500
Exelis Inc			COM	30162a108	177	14105 SH		SOLE	-		-	0	14105
Exelon Corp			COM	30161n101	1899	48440 SH		SOLE	-		47200	0	1240
Express Scripts Company		COM	302182100	271	5001 SH			SOLE	-		2887	0	2114
Exxon Mobil Corporation		COM	30231g102	31165	359336 SH		SOLE	-		229367	0	129969
Fauquier Bankshares Inc Cdt Com	COM	312059108	173	13912 SH		SOLE	-		1112	0	12800
Federal Realty Inv. Trust	COM	313747206	588	6071 SH			SOLE	-		253	0	5818
FedEx Corporation		COM	31428X106	1296	14096 SH		SOLE	-		7187	0	6909
Fiduciary-Claymore MLP Opp	ETF	31647Q106	2123	93668 SH		SOLE	-		18038	0	75630
Fifth Street Finance Corp	COM	31678A103	530	54289 SH		SOLE	-		54289	0	-
Fifth Third Bancorp		COM	316773100	1171	83343 SH		SOLE	-		4433	0	78910
Financial Select Sector SPDR	ETF	81369y605	39771	2517945 SH		SOLE	-		1957089	0	560856
First Horizon National Corp	COM	320517105	402	38687 SH		SOLE	-		38687	0	-
First Niagara Fin Group Inc	COM	33582V108	425	43160 SH		SOLE	-		40670	0	2490
Fiserv, Inc.			COM	337738108	923	13299 SH		SOLE	-		181	0	13118
Flowserve Corporation		COM	34354P105	610	5281 SH			SOLE	-		4803	0	478
Fluor Corporation		COM	343412102	289	4815 SH			SOLE	-		4278	0	537
Fmc Corp.			COM	302491303	250	2360 SH			SOLE	-		1384	0	976
Freeport-McMoran Copper & Gold	COM	35671D857	5632	148066 SH		SOLE	-		2538	0	145528
FX Energy, Inc.			COM	302695101	95	17519 SH		SOLE	-		17519	0	-
General Dynamics		COM	369550108	463	6315 SH			SOLE	-		5684	0	631
General Electric Co.		COM	369604103	20078	1000393 SH		SOLE	-		290804	0	709589
Genworth Financial Inc		COM	37247D106	121	14504 SH		SOLE	-		14504	0	-
Gladstone Capital Corp		COM	376535100	1699	209465 SH		SOLE	-		-	0	209465
Gladstone Commercial		COM	376536108	7779	452030 SH		SOLE	-		-	0	452030
GlaxoSmithKline PLC		COM	37733W105	5774	128563 SH		SOLE	-		109009	0	19554
Goldcorp, Inc.			COM	380956409	2660	59031 SH		SOLE	-		58125	0	906
Goldman Sachs Group Inc		COM	38141g104	2972	23893 SH		SOLE	-		7057	0	16836
Google, Inc.			COM	38259p508	16445	25646 SH		SOLE	-		1869	0	23777
Government Properties		COM	38376A103	3378	140118 SH		SOLE	-		-	0	140118
Guggenheim S^P Midcap 400 Pure	ETF	78355W601	11154	124430 SH		SOLE	-		89557	0	34873
H J Heinz			COM	423074103	348	6503 SH			SOLE	-		2453	0	4050
Halliburton Company		COM	406216101	228	6878 SH			SOLE	-		5575	0	1303
Hartford Financial Service	COM	416515104	294	13955 SH		SOLE	-		1612	0	12343
Hartford Financial Wts		WRT	416515120	470	35300 SH		SOLE	-		-	0	35300
HCP Inc				COM	40414L109	355	8992 SH			SOLE	-		4249	0	4743
Health Care REIT, Inc.		COM	42217K106	295	5363 SH			SOLE	-		220	0	5143
Health Care Select Sector SPDR	ETF	81369Y209	40847	1086057 SH		SOLE	-		840580	0	245478
Henry Schein, Inc.		COM	806407102	1286	16999 SH		SOLE	-		16999	0	-
Herbalife, Ltd.			COM	G4412G101	4253	61793 SH		SOLE	-		54071	0	7722
Hess Corp			COM	42809H107	900	15268 SH		SOLE	-		4419	0	10849
Hewlett Packard Co.		COM	428236103	5330	223660 SH		SOLE	-		42128	0	181532
Hittite Microwave Corporation	COM	43365Y104	204	3762 SH			SOLE	-		-	0	3762
HNI Corporation			COM	404251100	259	9315 SH			SOLE	-		-	0	9315
Home Properties, Inc.		COM	437306103	2839	46530 SH		SOLE	-		-	0	46530
Honeywell International		COM	438516106	1655	27104 SH		SOLE	-		3201	0	23903
Host Hotels & Resorts Inc	COM	44107P104	374	22763 SH		SOLE	-		17945	0	4818
IHS INC CL A			COM	451734107	2821	30121 SH		SOLE	-		3313	0	26808
Inergy LP			COM	456615103	484	29575 SH		SOLE	-		-	0	29575
Ingersoll-Rand PLC		COM	G47791101	233	5631 SH			SOLE	-		687	0	4944
Intel Corporation		COM	458140100	13704	487422 SH		SOLE	-		291982	0	195440
Intuitive Surgical, Inc.	COM	46120e602	6785	12524 SH		SOLE	-		6434	0	6090
iPath DJ-UBS Comm Ind TR ETN	ETF	06738c778	667	15765 SH		SOLE	-		5412	0	10353
iPath S^P 500 VIX  Futures ETN	ETF	06740C261	4060	241935 SH		SOLE	-		241671	0	264
iPath S^P GSCI Crude Oil ETN	ETF	06738C786	575	22221 SH		SOLE	-		20136	0	2085
IRON MTN INC COM		COM	462846106	946	32832 SH		SOLE	-		2729	0	30103
iShares 1-3 Year Credit Bon	BNDFND	464288646	5404	51419 SH		SOLE	-		45463	0	5956
iShares All Asia ex-Japan	INTDEV	464288182	3431	60795 SH		SOLE	-		-	0	60795
iShares AMT-Free Muni Bond	MUNIFND	464288414	4948	45224 SH		SOLE	-		34077	0	11147
iShares Barclays 10-20 Yr TreBD	ETF	464288653	8227	64397 SH		SOLE	-		64213	0	184
iShares Barclays 1-3 Yr Treas	BNDFND	464287457	2098	24882 SH		SOLE	-		14383	0	10499
iShares Barclays 20+ Year T B	ETF	464287432	14457	128847 SH		SOLE	-		128402	0	445
iShares Barclays 3-7 Year Trea	ETF	464288661	281	2317 SH			SOLE	-		2317	0	-
iShares Barclays 7-10 Year Trea	ETF	464287440	6745	65310 SH		SOLE	-		54377	0	10933
iShares Barclays Aggregate Bond	BNDFND	464287226	19138	174220 SH		SOLE	-		124203	0	50016
iShares Barclays Credit Bond	ETF	464288620	8651	78848 SH		SOLE	-		65426	0	13422
iShares Barclays MBS Bond	ETF	464288588	35418	328099 SH		SOLE	-		272068	0	56032
iShares Barclays Tips Bond Fund	BNDFND	464287176	42707	363004 SH		SOLE	-		343920	0	19084
iShares Dow Jones Intl Select 	ETF	464288448	2140	65641 SH		SOLE	-		54774	0	10867
iShares Dow Jones Oil		ETF	464288844	440	8215 SH			SOLE	-		-	0	8215
iShares Dow Jones U.S. Healt	ETF	464288828	240	3585 SH			SOLE	-		-	0	3585
iShares Dow Jones U.S. Index	ETF	464287846	1399	19784 SH		SOLE	-		19784	0	-
iShares Dow Jones US Oil & Gas 	INTDEV	464288851	1169	17768 SH		SOLE	-		908	0	16860
iShares Dow Jones US Pharmaceut	ETF	464288836	332	4000 SH			SOLE	-		-	0	4000
iShares Dow Jones US Real Estat	ETF	464287739	1734	27833 SH		SOLE	-		27833	0	-
iShares FTSE EPRA/NAREIT Dev RE	ETF	464288489	275	9572 SH			SOLE	-		9572	0	-
iShares Global Energy Sector	ETF	464287341	204	5135 SH			SOLE	-		379	0	4756
iShares Gold Trust		CMDTY	464285105	216	13281 SH		SOLE	-		12781	0	500
iShares iBoxx $ High Yield Corp	ETF	464288513	3918	43188 SH		SOLE	-		35806	0	7382
iShares iBoxx Investment Grade 	BNDFND	464287242	5762	49834 SH		SOLE	-		35264	0	14570
iShares Intermediate Credit Bon	BNDFND	464288638	12444	114324 SH		SOLE	-		91459	0	22865
iShares MSCI EAFE Index Fund	INTDEV	464287465	46716	851090 SH		SOLE	-		661488	0	189603
iShares MSCI EAFE Small Cap I	ETF	464288273	1865	46468 SH		SOLE	-		46468	0	-
iShares MSCI EAFE Value Index	ETF	464288877	12581	267678 SH		SOLE	-		266982	0	696
iShares MSCI Emerging Markets 	INTEMRG	464287234	28007	652165 SH		SOLE	-		520356	0	131809
iShares MSCI Japan Index	ETF	464286848	5044	495769 SH		SOLE	-		219826	0	275943
iShares MSCI Pacific Ex-Japa	INTDEV	464286665	4395	100989 SH		SOLE	-		36702	0	64287
iShares Russell 1000 Index Fund	ETF	464287622	1984	25448 SH		SOLE	-		19785	0	5663
iShares Russell 1000 Value Inde	ETF	464287598	29845	425927 SH		SOLE	-		412537	0	13390
iShares Russell 2000 Growth FundETF	464287648	19081	200050 SH		SOLE	-		194921	0	5128
iShares Russell 2000 Index Fund	ETF	464287655	23470	283426 SH		SOLE	-		222956	0	60470
iShares Russell 2000 Valu	ETF	464287630	3964	54318 SH		SOLE	-		49891	0	4427
iShares Russell 3000 Index	ETF	464287689	43698	524710 SH		SOLE	-		444110	0	80600
iShares Russell Microcap Index 	ETF	464288869	475	9246 SH			SOLE	-		9246	0	-
iShares Russell Mid Cap Growth 	ETF	464287481	589	9362 SH			SOLE	-		6374	0	2988
iShares Russell Mid-Cap Index F	ETF	464287499	673	6083 SH			SOLE	-		2764	0	3319
iShares Russell Midcap Value In	ETF	464287473	613	12734 SH		SOLE	-		11826	0	908
iShares S^P 500 Growth Index	ETF	464287309	29337	389235 SH		SOLE	-		295229	0	94006
iShares S^P 500 Index		ETF	464287200	27105	191949 SH		SOLE	-		190752	0	1197
iShares S^P 500 Value Index	ETF	464287408	6867	105763 SH		SOLE	-		86579	0	19184
Ishares S^P Asia 50 Index	INTEMRG	464288430	969	21768 SH		SOLE	-		-	0	21768
iShares S^P Global 100		INTDEV	464287572	235	3700 SH			SOLE	-		100	0	3600
Ishares S^P GSCI Commodity-Ind	ETF	46428R107	958	27541 SH		SOLE	-		25653	0	1888
iShares S^P Latin America 40 	ETF	464287390	4493	94337 SH		SOLE	-		36952	0	57385
iShares S^P Midcap		ETF	464287606	2522	22426 SH		SOLE	-		92	0	22334
iShares S^P Midcap 400 Index	ETF	464287507	3240	32659 SH		SOLE	-		21581	0	11078
iShares S^P Midcap 400/Barra Va	ETF	464287705	599	7013 SH			SOLE	-		118	0	6895
iShares S^P Smallcap 600 Barra 	ETF	464287879	399	5077 SH			SOLE	-		2610	0	2467
iShares S^P Smallcap 600 Index	ETF	464287804	2897	37966 SH		SOLE	-		27832	0	10134
iShares S^P U.S. Preferred Sto	ETF	464288687	5346	136932 SH		SOLE	-		116681	0	20251
Ishares Silver Trust		ETF	46428Q109	1701	54200 SH		SOLE	-		46368	0	7832
iShares Tr         Msci Grw Idx	MF	464288885	17150	292467 SH		SOLE	-		291604	0	863
iShares Trust DJ Select Div Ind	ETF	464287168	7202	128702 SH		SOLE	-		105332	0	23370
iShares Trust Dow Jones		ETF	464287721	4245	54551 SH		SOLE	-		-	0	54551
iShares Trust Russell 1000 	INTDEV	464287614	40616	614646 SH		SOLE	-		600977	0	13669
iShares Trust S^P Smallcap 60	ETF	464287887	762	9223 SH			SOLE	-		5995	0	3228
iShares Trust US Industrial In	ETF	464287754	251	3516 SH			SOLE	-		-	0	3516
iStar Financial, Inc.		COM	45031U101	86	11800 SH		SOLE	-		2000	0	9800
Jarden Corp.			COM	471109108	1423	35368 SH		SOLE	-		32485	0	2883
Johnson & Johnson		COM	478160104	15485	234766 SH		SOLE	-		51066	0	183700
Jpmorgan Alerian Mlp Index Etn	ETF	46625h365	4046	103363 SH		SOLE	-		91208	0	12155
JPMorgan Chase & Co		COM	46625h100	8655	188244 SH		SOLE	-		73748	0	114496
Kellogg Company			COM	487836108	494	9205 SH			SOLE	-		786	0	8419
Kinder Morgan Energy LP		COM	494550106	12249	148030 SH		SOLE	-		8175	0	139855
Kinder Morgan Management LLC	COM	49455U100	5357	72939 SH		SOLE	-		2327	0	70612
Kinder Morgan, Inc.		COM	49456b101	6661	172340 SH		SOLE	-		106889	0	65451
KKR Financial Corporation	COM	48248A306	4573	496534 SH		SOLE	-		400	0	496134
Kla-Tencor Corporation		COM	482480100	215	3951 SH			SOLE	-		3554	0	397
Knology In			COM	499183804	285	15642 SH		SOLE	-		-	0	15642
Kohl's Corp.			COM	500255104	2264	45248 SH		SOLE	-		38031	0	7217
Koninklijke Philips Electroni	COM	500472303	357	17554 SH		SOLE	-		15563	0	1991
Kraft Foods Inc			COM	50075N104	8123	213708 SH		SOLE	-		15550	0	198158
Kroger Co			COM	501044101	410	16933 SH		SOLE	-		15889	0	1044
L-3 Communications Holdings,	COM	502424104	685	9673 SH			SOLE	-		51	0	9622
Laboratory Corporation of Amer	COM	50540r409	8232	89928 SH		SOLE	-		12864	0	77064
Las Vegas Sands Corporation	COM	517834107	403	6997 SH			SOLE	-		3243	0	3754
Leggett & Platt			COM	524660107	1113	48389 SH		SOLE	-		33672	0	14717
Limelight Networks, Inc.	COM	53261M104	63	19293 SH		SOLE	-		-	0	19293
Linn Energy LLC			COM	536020100	4584	120167 SH		SOLE	-		6800	0	113367
Lockheed Martin Corp.		COM	539830109	3641	40522 SH		SOLE	-		1656	0	38866
Loews Corporation		COM	540424108	425	10649 SH		SOLE	-		629	0	10020
Lucent Technologies Inc		CONV	549463AH0	395	4000 SH			SOLE	-		4000	0	-
Macy's Inc			COM	55616P104	212	5338 SH			SOLE	-		1988	0	3350
Magellan Midstream Partners L.P	COM	559080106	8261	114200 SH		SOLE	-		-	0	114200
Magnum Hunter Resources		COM	55973B102	476	74285 SH		SOLE	-		-	0	74285
Manulife Financial Corporation	COM	56501R106	318	23505 SH		SOLE	-		649	0	22856
Market Vectors Agribusiness ETF	ETF	57060U605	4582	86724 SH		SOLE	-		59420	0	27304
Market Vectors Gold Miners ETF	ETF	57060U100	288	5807 SH			SOLE	-		5284	0	523
Markwest Energy Partners L	COM	570759100	216	3700 SH			SOLE	-		1200	0	2500
Marriott International		COM	571903202	1344	35499 SH		SOLE	-		8667	0	26832
MasterCard Incorporated		COM	57636q104	5656	13449 SH		SOLE	-		9492	0	3957
McDermott International, Inc.	COM	580037109	1172	91521 SH		SOLE	-		1482	0	90039
McDonald's Corp.		COM	580135101	6208	63278 SH		SOLE	-		21497	0	41781
McKesson, Inc.			COM	58155Q103	370	4210 SH			SOLE	-		2308	0	1902
Mead Johnson Nutrition C	COM	582839106	555	6729 SH			SOLE	-		1007	0	5722
Medco Health Solutions, Inc.	COM	58405U102	843	11996 SH		SOLE	-		7461	0	4535
Medtronic, Inc.			COM	585055106	5581	142410 SH		SOLE	-		69656	0	72754
Merck & Co Inc			COM	58933y105	9054	235776 SH		SOLE	-		44618	0	191158
MetLife Inc			COM	59156r108	1279	34234 SH		SOLE	-		2107	0	32127
Microsoft Corp.			COM	594918104	6905	214061 SH		SOLE	-		102477	0	111583
Mid-America Apartment	 	COM	59522J103	384	5734 SH			SOLE	-		4200	0	1534
Mission West Properties		COM	605203108	688	69733 SH		SOLE	-		-	0	69733
Monsanto Company		COM	61166w101	5162	64724 SH		SOLE	-		1540	0	63184
MSCI, Inc.			COM	55354g100	1360	36952 SH		SOLE	-		9814	0	27138
National Oilwell Varco, Inc.	COM	637071101	3075	38689 SH		SOLE	-		2084	0	36605
NetApp, Inc.			COM	64110D104	231	5162 SH			SOLE	-		1533	0	3629
NetScout Systems, Inc.		COM	64115t104	374	18408 SH		SOLE	-		5153	0	13255
Netsuite Inc.			COM	64118Q107	878	17450 SH		SOLE	-		6700	0	10750
Nike, Inc.			COM	654106103	816	7524 SH			SOLE	-		6518	0	1006
Noble Corporation		COM	h5833n103	4137	110406 SH		SOLE	-		65525	0	44881
Nokia Oyj			COM	654902204	144	26210 SH		SOLE	-		5510	0	20700
Norfolk Southern Corporation	COM	655844108	232	3527 SH			SOLE	-		400	0	3127
Northern Trust Corp		COM	665859104	1327	27973 SH		SOLE	-		420	0	27553
Northrop Grumman Corp		COM	666807102	436	7140 SH			SOLE	-		3042	0	4098
Novartis AG			COM	66987V109	1327	23941 SH		SOLE	-		18105	0	5836
Novo Nordisk A/S (Adr)		COM	670100205	697	5026 SH			SOLE	-		307	0	4719
Nucor Corporation		COM	670346105	287	6689 SH			SOLE	-		298	0	6391
Nuveen Enhanced Municipal Value	ETF	67074M101	331	22000 SH		SOLE	-		22000	0	-
Nuveen Insd Divid Advantage	ETF	67071L106	329	22000 SH		SOLE	-		22000	0	-
Nuveen Municipal Value		ETF	670928100	892	88590 SH		SOLE	-		88590	0	-
Nuveen Premier Municipal Opp	ETF	670987106	316	21106 SH		SOLE	-		21106	0	-
Nuveen Select Tax Free Inc	ETF	67062F100	170	11667 SH		SOLE	-		11667	0	-
Nuveen Select Tax Free Inc 2	ETF	67063C106	341	25000 SH		SOLE	-		25000	0	-
Occidental Petroleum Corporati	COM	674599105	5383	56525 SH		SOLE	-		6778	0	49747
OGE Energy			COM	670837103	243	4545 SH			SOLE	-		1945	0	2600
Omnicom Group, Inc.		COM	681919106	1498	29570 SH		SOLE	-		26519	0	3051
Oracle Corporation		COM	68389x105	5904	202484 SH		SOLE	-		88063	0	114421
Oshkosh Corporation		COM	688239201	454	19600 SH		SOLE	-		350	0	19250
Owens-Illinois Inc		COM	690768403	209	8975 SH			SOLE	-		8975	0	-
Paccar Inc.			COM	693718108	1647	35162 SH		SOLE	-		1315	0	33847
Pall Corporation		COM	696429307	273	4578 SH			SOLE	-		4565	0	13
Parker Hannifin			COM	701094104	1322	15637 SH		SOLE	-		67	0	15570
PartnerRe Ltd.			COM	G6852T105	2524	37177 SH		SOLE	-		31626	0	5551
Patterson Companies, Inc.	COM	703395103	427	12791 SH		SOLE	-		201	0	12590
Paychex, Inc.			COM	704326107	4274	137922 SH		SOLE	-		118694	0	19228
People's United Financial, Inc.	COM	712704105	5193	392510 SH		SOLE	-		335748	0	56762
Pepsico				COM	713448108	19574	295015 SH		SOLE	-		145356	0	149659
Perrigo Company			COM	714290103	5300	51302 SH		SOLE	-		44398	0	6904
Pfizer, Inc.			COM	717081103	6702	295938 SH		SOLE	-		69776	0	226163
Philip Morris Int'l		COM	718172109	10621	119859 SH		SOLE	-		20242	0	99617
Piedmont Office Realty Trus	COM	720190206	366	20629 SH		SOLE	-		19918	0	711
PIMCO Enhanced Short Matur	ETF	72201R833	27700	274179 SH		SOLE	-		230650	0	43529
PIMCO High Income		ETF	722014107	309	24096 SH		SOLE	-		24096	0	-
Pioneer Natural Resources	COM	723787107	238	2132 SH			SOLE	-		1536	0	596
Pitney Bowes Inc		COM	724479100	1183	67273 SH		SOLE	-		49514	0	17759
Plains All American Pipeline LP	COM	726503105	11597	147830 SH		SOLE	-		3885	0	143945
Pmc Commercial Trus		COM	693434102	141	16500 SH		SOLE	-		-	0	16500
PNC Financial Services G	COM	693475105	897	13916 SH		SOLE	-		1666	0	12250
Potash Corporation of Saskatc	COM	73755l107	451	9864 SH			SOLE	-		1087	0	8777
PowerShares DB Agriculture	ETF	73936B408	526	18721 SH		SOLE	-		16	0	18705
PowerShares DB Base Metals	ETF	73936B705	355	17656 SH		SOLE	-		31	0	17625
PowerShares DB Commodity Index 	ETF	73935s105	942	32695 SH		SOLE	-		31776	0	919
Powershares DB Energy Fun	CMDTY	73936B101	640	21290 SH		SOLE	-		-	0	21290
PowerShares Emerging Mkts Sov	ETF	73936T573	7865	280681 SH		SOLE	-		233134	0	47547
PowerShares QQQ			ETF	73935A104	5517	81679 SH		SOLE	-		64745	0	16934
PPG Industries, Inc.		COM	693506107	249	2600 SH			SOLE	-		-	0	2600
Precision Castparts Corp.	COM	740189105	261	1508 SH			SOLE	-		387	0	1121
Procter & Gamble		COM	742718109	26276	390949 SH		SOLE	-		87356	0	303593
ProShares Ultra Oil & Gas	ETF	74347R719	249	5234 SH			SOLE	-		5120	0	114
Prudential Financial Inc	COM	744320102	268	4233 SH			SOLE	-		3069	0	1164
Pulte Homes, Inc.		COM	745867101	115	12950 SH		SOLE	-		7350	0	5600
Qualcomm Inc.			COM	747525103	7424	109086 SH		SOLE	-		18370	0	90716
Questar Corp			COM	748356102	198	10271 SH		SOLE	-		10237	0	34
Radiant Logistics, Inc.		COM	75025X100	251	114000 SH		SOLE	-		114000	0	-
Ralph Lauren Corp		COM	751212101	5719	32808 SH		SOLE	-		28659	0	4149
Rayonier			COM	754907103	1623	36818 SH		SOLE	-		18	0	36800
Raytheon			COM	755111507	962	18223 SH		SOLE	-		1240	0	16983
RENN Global Entrepreneurs Fund	ETF	759720105	20	10126 SH		SOLE	-		10126	0	-
Research Frontiers		COM	760911107	128	36088 SH		SOLE	-		36088	0	-
Rigel Pharmaceuticals, Inc.	COM	766559603	214	26528 SH		SOLE	-		26528	0	-
Rio Tinto Plc Sponsored Ad	COM	767204100	341	6126 SH			SOLE	-		360	0	5766
Rockwell Automation, Inc.	COM	773903109	308	3864 SH			SOLE	-		173	0	3691
Rockwell Collins, Inc.		COM	774341101	251	4360 SH			SOLE	-		14	0	4346
Rodman & Renshaw Capital Cor	COM	77487R100	21	20000 SH		SOLE	-		-	0	20000
Royal Dutch Shell		COM	780259206	4897	69831 SH		SOLE	-		37998	0	31833
Sabine Royalty Trust		COM	785688102	1897	31536 SH		SOLE	-		23536	0	8000
Salesforce.com, Inc.		COM	79466L302	279	1807 SH			SOLE	-		877	0	930
San Juan Basin Royalty Trust	COM	798241105	785	40502 SH		SOLE	-		12602	0	27900
Sangamo BioSciences, Inc.	COM	800677106	98	19944 SH		SOLE	-		19944	0	-
Sanofi				COM	80105n105	278	7168 SH			SOLE	-		1919	0	5249
Schlumberger			COM	806857108	11566	165397 SH		SOLE	-		99376	0	66020
Schwab Emerging Market Equity	INTEMRG	808524706	4548	176401 SH		SOLE	-		146221	0	30180
Schwab International Equity ETF	ETF	808524805	2221	85279 SH		SOLE	-		52537	0	32742
Schwab U.S. Aggregate Bond ETF	ETF	808524839	1239	24062 SH		SOLE	-		18722	0	5340
Schwab U.S. Broad Market ETF	ETF	808524102	29197	860754 SH		SOLE	-		734552	0	126202
Schwab U.S. Large-Cap Growth E	ETF	808524300	2685	78500 SH		SOLE	-		40493	0	38007
Schwab U.S. Large-Cap Value ETF	ETF	808524409	2592	83121 SH		SOLE	-		43496	0	39625
Schwab U.S. Mid-Cap ETF		ETF	808524508	440	16155 SH		SOLE	-		16155	0	-
Schwab U.S. Small-Cap ETF	ETF	808524607	1219	32863 SH		SOLE	-		20519	0	12344
SCP Pool, Inc.			COM	73278L105	228	6086 SH			SOLE	-		-	0	6086
Seacor Holdings, Inc.		COM	811904101	975	10179 SH		SOLE	-		-	0	10179
Seadrill Ltd			COM	G7945E105	425	11325 SH		SOLE	-		10869	0	456
Seagate Technology PLC		COM	G7945M107	5583	207127 SH		SOLE	-		176691	0	30436
Siemens AG			COM	826197501	1597	15837 SH		SOLE	-		12402	0	3435
Sigma-Aldrich Corporation	COM	826552101	1801	24652 SH		SOLE	-		21243	0	3409
Sirius XM Radio Inc.		COM	82967N108	118	51161 SH		SOLE	-		15880	0	35281
SLM Corp			COM	78442P106	310	19687 SH		SOLE	-		338	0	19349
Solar Capital, Ltd.		COM	83413U100	1104	50000 SH		SOLE	-		50000	0	-
Sothebys			COM	835898107	520	13222 SH		SOLE	-		87	0	13135
Southern Company		COM	842587107	1180	26264 SH		SOLE	-		22317	0	3947
SPDR Barclays Capital 1-3 Mo	ETF	78464A680	32582	711093 SH		SOLE	-		555544	0	155549
SPDR Barclays Capital High Yi	ETF	78464a417	789	20031 SH		SOLE	-		16688	0	3343
SPDR Barclays Capital Intl Trea	ETF	78464A516	605	10092 SH		SOLE	-		9152	0	940
SPDR Dow Jones Industrial Aver	ETF	78467X109	218	1654 SH			SOLE	-		1087	0	567
SPDR Dow Jones Intl Real Estate	ETF	78463X863	2044	55517 SH		SOLE	-		44843	0	10673
SPDR Dow Jones REIT		ETF	78464A607	947	13371 SH		SOLE	-		11248	0	2123
SPDR Gold Shares		ETF	78463v107	11934	73612 SH		SOLE	-		50303	0	23309
SPDR Index Shs Fd		ETF	78463X509	737	11150 SH		SOLE	-		-	0	11150
SPDR S^P 500			ETF	78462F103	1701	12083 SH		SOLE	-		7623	0	4460
SPDR S^P 500 Value ETF		ETF	78464A508	615	8722 SH			SOLE	-		8722	0	-
SPDR S^P Dividend		ETF	78464A763	22718	401086 SH		SOLE	-		378955	0	22131
SPDR S^P International Dividend	ETF	78463X772	4457	89188 SH		SOLE	-		89168	0	20
SPDR S^P MidCap 400		ETF	78467Y107	1218	6738 SH			SOLE	-		4962	0	1776
SPDR S^P Oil & Gas Explorrod.	ETF	78464a730	461	8100 SH			SOLE	-		-	0	8100
St. Joe Company			COM	790148100	209	11000 SH		SOLE	-		6100	0	4900
Star Scientific In		COM	85517P101	33	10000 SH		SOLE	-		-	0	10000
Starbucks Corporation		COM	855244109	4143	74129 SH		SOLE	-		8803	0	65326
Starwood Hotels & Resorts Wo	COM	85590a401	233	4131 SH			SOLE	-		793	0	3338
Stericycle, Inc.		COM	858912108	7286	87108 SH		SOLE	-		22511	0	64597
Stryker Corp.			COM	863667101	1400	25234 SH		SOLE	-		4191	0	21042
Suncor Energy Inc		COM	867224107	1691	51706 SH		SOLE	-		46091	0	5615
Sunoco Logistics Partners LP	COM	86764L108	1168	30900 SH		SOLE	-		-	0	30900
Sunrise Senior Living In	COM	86768K106	414	65500 SH		SOLE	-		-	0	65500
Synergetics USA, Inc.		COM	87160G107	900	138460 SH		SOLE	-		138460	0	-
T. Rowe Price Group		COM	74144T108	1436	21997 SH		SOLE	-		1500	0	20497
Target Corp.			COM	87612E106	689	11831 SH		SOLE	-		-	0	11831
TE Connectivity Ltd		COM	H84989104	312	8499 SH			SOLE	-		90	0	8409
Technology Select Sector SPDR	ETF	81369Y803	42157	1397762 SH		SOLE	-		1090004	0	307759
Telecom Italia SpA		COM	87927Y201	98	10046 SH		SOLE	-		-	0	10046
Tellabs, Inc.			COM	879664100	56	13725 SH		SOLE	-		212	0	13513
Terex Corp			COM	880779103	300	13313 SH		SOLE	-		10196	0	3117
Tesoro Corporation		COM	881609101	322	12011 SH		SOLE	-		12011	0	-
Tesoro Logistics LP		COM	88160T107	262	7500 SH			SOLE	-		-	0	7500
Teva Pharmaceutical		COM	881624209	8081	179331 SH		SOLE	-		39829	0	139502
Teva Pharmaceutical Fin Llc	CONV	88163VAE9	326	3000 SH			SOLE	-		3000	0	-
Texas Instruments, Inc.		COM	882508104	234	6968 SH			SOLE	-		5468	0	1500
The Hershey Company		COM	427866108	391	6369 SH			SOLE	-		6369	0	-
Thermo Fisher Scientific, Inc.	COM	883556102	6734	119448 SH		SOLE	-		51131	0	68317
Thomson Reuters Co.		COM	884903105	3622	125341 SH		SOLE	-		111091	0	14250
Time Warner, Inc.		COM	887317303	972	25747 SH		SOLE	-		8054	0	17693
TJX Companies, Inc.		COM	872540109	5032	126708 SH		SOLE	-		113627	0	13081
Toll Brothers			COM	889478103	274	11435 SH		SOLE	-		2160	0	9275
Tortoise Energy Infrastruct	ETF	89147L100	2166	52536 SH		SOLE	-		52536	0	-
Toyota Motor Corporation	COM	892331307	1162	13387 SH		SOLE	-		11887	0	1500
Transocean Ltd			COM	H8817H100	889	16247 SH		SOLE	-		2750	0	13497
Transocean Sedco Forex Inc	CONV	893830AW9	5933	60000 SH		SOLE	-		20000	0	40000
TRIMBLE NAVIGATION LTD COM	COM	896239100	1967	36147 SH		SOLE	-		5974	0	30173
Tyco International Ltd		COM	H89128104	489	8712 SH			SOLE	-		469	0	8243
Tyler Technologies In		COM	902252105	3363	87561 SH		SOLE	-		-	0	87561
U.S. Bancorp			COM	902973304	792	24990 SH		SOLE	-		6135	0	18855
UBS AG				COM	H89231338	175	12488 SH		SOLE	-		302	0	12186
Ulta Salon Cosm Fragr, Inc.	COM	90384S303	4916	52926 SH		SOLE	-		46375	0	6551
Under Armour Inc-Class		COM	904311107	4420	47024 SH		SOLE	-		40344	0	6680
Unilever NV			COM	904784709	341	10035 SH		SOLE	-		3644	0	6391
Unilever Plc			COM	904767704	242	7332 SH			SOLE	-		432	0	6900
Union Pacific Corp.		COM	907818108	6423	59759 SH		SOLE	-		44690	0	15069
United Bankshares Inc.		COM	909907107	5966	206730 SH		SOLE	-		-	0	206730
United Parcel Service		COM	911312106	14076	174386 SH		SOLE	-		21102	0	153284
United Technologies		COM	913017109	6839	82452 SH		SOLE	-		27990	0	54462
UnitedHealth Group Inc		COM	91324P102	1707	28959 SH		SOLE	-		8179	0	20780
Utilities Select Sector SPDR	ETF	81369y886	41738	1190976 SH		SOLE	-		927470	0	263506
Valence Technology, Inc.	COM	918914102	86	107000 SH		SOLE	-		-	0	107000
Vanguard Bd Index F Short T	BNDFND	921937827	894	11045 SH		SOLE	-		6452	0	4593
Vanguard Consumer Staples ETF	ETF	92204A207	827	9590 SH			SOLE	-		8617	0	973
Vanguard Emerging Markets ETF	INTEMRG	922042858	15764	362641 SH		SOLE	-		243635	0	119006
Vanguard Europe Pacific		INTDEV	921943858	1276	37508 SH		SOLE	-		31818	0	5691
Vanguard Growth ETF		ETF	922908736	751	10586 SH		SOLE	-		10586	0	-
Vanguard Health Care ETF	ETF	92204A504	545	8069 SH			SOLE	-		6090	0	1979
Vanguard IndeSml Cp Grw Etf	COM	922908595	8495	97701 SH		SOLE	-		68560	0	29141
Vanguard Information Technolog	ETF	92204A702	240	3236 SH			SOLE	-		-	0	3236
Vanguard Intl Equity Index Ftt	COM	922042742	291	6024 SH			SOLE	-		5774	0	250
Vanguard Materials 		ETF	92204A801	3098	37681 SH		SOLE	-		33316	0	4365
Vanguard Mid-Cap ETF		ETF	922908629	353	4324 SH			SOLE	-		2655	0	1669
Vanguard REIT Index ETF		ETF	922908553	2506	39372 SH		SOLE	-		35760	0	3611
Vanguard Russell 1000 Growth I	ETF	92206C680	4685	69063 SH		SOLE	-		69063	0	-
Vanguard Russell 1000 Value In	ETF	92206C714	3310	53952 SH		SOLE	-		53952	0	-
Vanguard S^P 500 ETF		ETF	922908413	3626	56331 SH		SOLE	-		56183	0	148
Vanguard Small-Cap Value ETF	ETF	922908611	9517	135218 SH		SOLE	-		131539	0	3679
Vanguard Specialized Portfoldiv	MF	921908844	2762	47178 SH		SOLE	-		33547	0	13631
Vanguard Telecom Services ETF	ETF	92204A884	936	14394 SH		SOLE	-		11903	0	2490
Vanguard Total Bond Market ETF	ETF	921937835	19034	228554 SH		SOLE	-		185356	0	43198
Vanguard Total Stock Market ETF	ETF	922908769	35234	487598 SH		SOLE	-		335497	0	152101
VeriFone Systems, Inc.		COM	92342Y109	5722	110313 SH		SOLE	-		95407	0	14906
Verizon Communications Inc	COM	92343V104	13697	358267 SH		SOLE	-		68591	0	289676
Viacom, Inc.			COM	92553P201	280	5891 SH			SOLE	-		4501	0	1390
Virginia Commerce/C From Virg	COM	92778Q109	3957	450654 SH		SOLE	-		-	0	450654
Visa, Inc.			COM	92826C839	380	3223 SH			SOLE	-		1606	0	1617
Vodafone Group PLC		COM	92857w209	6579	237779 SH		SOLE	-		154752	0	83027
Vornado Rlty L P		CONV	929043AC1	200	2000 SH			SOLE	-		2000	0	-
W.W. Grainger, Inc.		COM	384802104	6728	31320 SH		SOLE	-		23372	0	7948
Walgreen Co.			COM	931422109	3068	91605 SH		SOLE	-		47201	0	44404
Wal-Mart Stores, Inc.		COM	931142103	1629	26610 SH		SOLE	-		20888	0	5723
Walter Energy Inc		COM	93317Q105	208	3517 SH			SOLE	-		3500	0	17
Washington Post Co Cl		COM	939640108	205	550 SH			SOLE	-		-	0	550
Waste Management Inc		COM	94106l109	3669	104949 SH		SOLE	-		85054	0	19895
Waters Corp			COM	941848103	1423	15355 SH		SOLE	-		15355	0	-
Weatherford International Ltd	COM	H27013103	294	19491 SH		SOLE	-		1023	0	18468
Weingarten Realty Investors	COM	948741103	427	16144 SH		SOLE	-		-	0	16144
WellPoint Inc			COM	94973V107	268	3633 SH			SOLE	-		3602	0	31
Wells Fargo & Co Warrants 10/ 	WRT	949746119	5198	516702 SH		SOLE	-		-	0	516702
Wells Fargo & Co.		COM	949746101	4115	120541 SH		SOLE	-		41995	0	78546
Wells Fargo Pfd Conv 7.50% Ser	PFD	949746804	1061	950 SH			SOLE	-		-	0	950
Western Union Co.		COM	959802109	287	16296 SH		SOLE	-		591	0	15705
White Mountains Insurance Group,COM	G9618E107	628	1251 SH			SOLE	-		-	0	1251
Whole Foods Market, Inc.	COM	966837106	458	5500 SH			SOLE	-		2432	0	3068
Williams Company		COM	969457100	527	17094 SH		SOLE	-		168	0	16926
WisdomTree Emerging Markets Eq	ETF	97717w315	4693	81469 SH		SOLE	-		65191	0	16278
WisdomTree Emerging Markets Lo	ETF	97717X867	2920	56269 SH		SOLE	-		55878	0	391
WisdomTree Emerging Mkts Smal	ETF	97717w281	1802	37448 SH		SOLE	-		28629	0	8819
WisdomTree International He	ETF	97717X701	14432	322137 SH		SOLE	-		321243	0	894
WisdomTree International Larg	ETF	97717W794	1676	38875 SH		SOLE	-		38875	0	-
WisdomTree LargeCap Dividend	ETF	97717W307	10850	204878 SH		SOLE	-		204683	0	195
WisdomTree MidCap Dividend	ETF	97717W505	3577	63541 SH		SOLE	-		52838	0	10703
WisdomTree SmallCap Dividend	ETF	97717W604	4659	94911 SH		SOLE	-		94911	0	-
WisdomTree SmallCap Earnings	ETF	97717W562	232	4086 SH			SOLE	-		1582	0	2504
WPP PLC				COM	92933H101	254	3709 SH			SOLE	-		109	0	3600
Xcel Energy Inc			COM	98389B100	697	26325 SH		SOLE	-		23354	0	2971
Xerox Corporation		COM	984121103	87	10751 SH		SOLE	-		2006	0	8745
Xylem Inc			COM	98419m100	1269	45736 SH		SOLE	-		7731	0	38005
Yamana Gold, Inc.		COM	98462Y100	4982	318948 SH		SOLE	-		279636	0	39312
Yum! Brands Inc.		COM	988498101	8172	114805 SH		SOLE	-		12055	0	102750
Zimmer Holdings Inc		COM	98956p102	2691	41866 SH		SOLE	-		20307	0	21559