Chief Compliance Officer

0001140361-15-017586.txt : 20150505 0001140361-15-017586.hdr.sgml : 20150505 20150505131405 ACCESSION NUMBER: 0001140361-15-017586 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150331 FILED AS OF DATE: 20150505 DATE AS OF CHANGE: 20150505 EFFECTIVENESS DATE: 20150505 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Baker Ellis Asset Management LLC CENTRAL INDEX KEY: 0001365559 IRS NUMBER: 752997594 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12091 FILM NUMBER: 15831709 BUSINESS ADDRESS: STREET 1: 1231 NW HOYT STREET STREET 2: SUITE 306 CITY: PORTLAND STATE: OR ZIP: 97204 BUSINESS PHONE: 503-227-5778 MAIL ADDRESS: STREET 1: 1231 NW HOYT STREET STREET 2: SUITE 306 CITY: PORTLAND STATE: OR ZIP: 97204 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001365559 XXXXXXXX 03-31-2015 03-31-2015 Baker Ellis Asset Management LLC

1231 NW Hoyt Street SUITE 306 PORTLAND OR 97204

13F HOLDINGS REPORT 028-12091 N Barnes Ellis Chief Compliance Officer 503-227-5778 /s/ Barnes Ellis Portland OR 05-01-2015 0 254 314796 false INFORMATION TABLE 2 form13fInfoTable.xml 3M Company COMMON STOCK 88579Y101 534 3238 SH SOLE NONE 3238 0 0 Abbott Laboratories COMMON STOCK 002824100 1868 40314 SH SOLE NONE 40314 0 0 AbbVie Inc. COMMON STOCK 00287Y109 1574 26882 SH SOLE NONE 26882 0 0 Aberdeen Asia-Pacific Income F ETF/ETN 003009107 167 31037 SH SOLE NONE 31037 0 0 ABM Industries COMMON STOCK 000957100 405 12700 SH SOLE NONE 12700 0 0 Accenture COMMON STOCK G1151C101 180 1917 SH SOLE NONE 1917 0 0 AGL Resources COMMON STOCK 654086107 1036 20859 SH SOLE NONE 20859 0 0 Alaska Air Group COMMON STOCK 011659109 410 6200 SH SOLE NONE 6200 0 0 Alaska Comm Sys Grp Inc COMMON STOCK 01167P101 42 25000 SH SOLE NONE 25000 0 0 Alexander & Baldwin COMMON STOCK 014491104 668 15464 SH SOLE NONE 15464 0 0 Altria Group COMMON STOCK 718154107 279 5584 SH SOLE NONE 5584 0 0 Amazon.com Inc. COMMON STOCK 023135106 182 490 SH SOLE NONE 490 0 0 American Airlines Group Inc. COMMON STOCK 02376R102 495 9370 SH SOLE NONE 9370 0 0 American Express COMMON STOCK 025816109 1140 14595 SH SOLE NONE 14595 0 0 AmerisourceBergen Corp COMMON STOCK 03073E105 5935 52209 SH SOLE NONE 52209 0 0 Amgen Inc COMMON STOCK 031162100 215 1347 SH SOLE NONE 1347 0 0 Anadarko Pete Corp COMMON STOCK 032511107 292 3525 SH SOLE NONE 3525 0 0 Anheuser-Busch InBev COMMON STOCK 035229103 165 1350 SH SOLE NONE 1350 0 0 Apollo Commercial Real Estate COMMON STOCK 03762U105 695 40450 SH SOLE NONE 40450 0 0 Apple Computer COMMON STOCK 037833100 1606 12905 SH SOLE NONE 12905 0 0 Archer Daniels Midland COMMON STOCK 039483102 434 9150 SH SOLE NONE 9150 0 0 AT&T COMMON STOCK 00206R102 288 8823 SH SOLE NONE 8823 0 0 Automatic Data Processing COMMON STOCK 053015103 492 5750 SH SOLE NONE 5750 0 0 Avista Corp. COMMON STOCK 05379B107 449 13150 SH SOLE NONE 13150 0 0 Ball Corp COMMON STOCK 058498106 1895 26829 SH SOLE NONE 26829 0 0 Bank of America COMMON STOCK 060505104 186 12118 SH SOLE NONE 12118 0 0 Bank of New York Mellon COMMON STOCK 064058100 1984 49306 SH SOLE NONE 49306 0 0 Bank of Nova Scotia COMMON STOCK 064149107 988 19678 SH SOLE NONE 19678 0 0 Baxter International COMMON STOCK 071813109 175 2550 SH SOLE NONE 2550 0 0 BCE COMMON STOCK 05534B760 254 6000 SH SOLE NONE 6000 0 0 Berkshire Hathaway Cl A COMMON STOCK 084670108 4785 22 SH SOLE NONE 22 0 0 Berkshire Hathaway Cl B COMMON STOCK 084670702 9960 69016 SH SOLE NONE 69016 0 0 Boeing COMMON STOCK 097023105 884 5887 SH SOLE NONE 5887 0 0 BP p.l.c. COMMON STOCK 055622104 309 7900 SH SOLE NONE 7900 0 0 Bristol Myers Squibb COMMON STOCK 110122108 2196 34053 SH SOLE NONE 34053 0 0 Brixmor Property Group Inc. COMMON STOCK 11120U105 979 36875 SH SOLE NONE 36875 0 0 Broadridge Financial Solutions COMMON STOCK 11133T103 358 6500 SH SOLE NONE 6500 0 0 Campbell Soup Company COMMON STOCK 134429109 402 8632 SH SOLE NONE 8632 0 0 Canadian National Railway Co. COMMON STOCK 136375102 465 6950 SH SOLE NONE 6950 0 0 Carriage Services COMMON STOCK 143905107 130 5450 SH SOLE NONE 5450 0 0 Cenovus Energy Inc. COMMON STOCK 15135U109 180 10687 SH SOLE NONE 10687 0 0 ChevronTexaco COMMON STOCK 166764100 1460 13903 SH SOLE NONE 13903 0 0 Clorox Company COMMON STOCK 189054109 574 5201 SH SOLE NONE 5201 0 0 Coca Cola Enterprises Inc COMMON STOCK 191219104 371 8395 SH SOLE NONE 8395 0 0 Coca-Cola Company COMMON STOCK 191216100 906 22341 SH SOLE NONE 22341 0 0 Comcast Corporation COMMON STOCK 20030N101 1147 20317 SH SOLE NONE 20317 0 0 Conoco Phillips COMMON STOCK 718507106 158 2530 SH SOLE NONE 2530 0 0 Cooper International Corp. COMMON STOCK 216640102 211 4678 SH SOLE NONE 4678 0 0 Corning Inc COMMON STOCK 219350105 116 5100 SH SOLE NONE 5100 0 0 Costco Wholesale COMMON STOCK 22160K105 951 6275 SH SOLE NONE 6275 0 0 Deere & Company COMMON STOCK 244199105 498 5676 SH SOLE NONE 5676 0 0 Delta Air Lines Inc. COMMON STOCK 247361702 220 4900 SH SOLE NONE 4900 0 0 Dentsply Intl Inc COMMON STOCK 249030107 102 2000 SH SOLE NONE 2000 0 0 Devon Energy Corp COMMON STOCK 25179M103 124 2050 SH SOLE NONE 2050 0 0 Diageo PLC COMMON STOCK 25243Q205 208 1885 SH SOLE NONE 1885 0 0 Dominion Resources COMMON STOCK 25746U109 711 10027 SH SOLE NONE 10027 0 0 Dover Corp COMMON STOCK 260003108 194 2804 SH SOLE NONE 2804 0 0 Du Pont COMMON STOCK 263534109 2606 36460 SH SOLE NONE 36460 0 0 Duke Energy COMMON STOCK 264399106 199 2588 SH SOLE NONE 2588 0 0 Edwards Lifesciences COMMON STOCK 28176E108 142 1000 SH SOLE NONE 1000 0 0 Enbridge Inc COMMON STOCK 29250N105 121 2500 SH SOLE NONE 2500 0 0 Equity Residential REIT 29476L107 241 3100 SH SOLE NONE 3100 0 0 Era Group Inc. COMMON STOCK 26885G109 145 6941 SH SOLE NONE 6941 0 0 Eversource Energy COMMON STOCK 30040W108 952 18846 SH SOLE NONE 18846 0 0 Exelis Inc COMMON STOCK 30162A108 376 15448 SH SOLE NONE 15448 0 0 Express Scripts Holding Co. COMMON STOCK 302182100 148 1705 SH SOLE NONE 1705 0 0 Exxon Mobil COMMON STOCK 30231G102 1503 17677 SH SOLE NONE 17677 0 0 Facebook Inc COMMON STOCK 30303M102 189 2300 SH SOLE NONE 2300 0 0 Fedex Corp COMMON STOCK 31428X106 811 4900 SH SOLE NONE 4900 0 0 Fiat Chrysler Automobiles N.V. COMMON STOCK N31738102 1269 77800 SH SOLE NONE 77800 0 0 Fiserv Inc COMMON STOCK 337733108 318 4000 SH SOLE NONE 4000 0 0 Fomento Economico Mexicano COMMON STOCK 344419106 2134 22826 SH SOLE NONE 22826 0 0 Ford Motor COMMON STOCK 345370860 740 45831 SH SOLE NONE 45831 0 0 Forestar Group Inc. COMMON STOCK 346233109 234 14850 SH SOLE NONE 14850 0 0 Fresh Del Monte Produce COMMON STOCK G36738105 3022 77676 SH SOLE NONE 77676 0 0 General American Investors Co. COMMON STOCK 368802104 185 5300 SH SOLE NONE 5300 0 0 General Electric COMMON STOCK 369604103 463 18668 SH SOLE NONE 18668 0 0 General Mills COMMON STOCK 370334104 5873 103760 SH SOLE NONE 103760 0 0 General Motors COMMON STOCK 37045V100 369 9850 SH SOLE NONE 9850 0 0 Genuine Parts COMMON STOCK 372460105 1441 15467 SH SOLE NONE 15467 0 0 GlaxoSmithKline Plc Adr COMMON STOCK 37733W105 138 3000 SH SOLE NONE 3000 0 0 Google Inc Cl A COMMON STOCK 38259P508 1035 1866 SH SOLE NONE 1866 0 0 Google Inc Class C COMMON STOCK 38259P706 637 1163 SH SOLE NONE 1163 0 0 Hasbro COMMON STOCK 418056107 196 3100 SH SOLE NONE 3100 0 0 Health Care Property REIT 40414L109 149 3447 SH SOLE NONE 3447 0 0 Helmerich & Payne COMMON STOCK 423452101 296 4350 SH SOLE NONE 4350 0 0 Hersha Hospitality REIT 427825104 478 73900 SH SOLE NONE 73900 0 0 Highwoods Properties Inc. REIT 431284108 213 4650 SH SOLE NONE 4650 0 0 Home Depot COMMON STOCK 437076102 732 6446 SH SOLE NONE 6446 0 0 Honeywell Intl. COMMON STOCK 438516106 1886 18081 SH SOLE NONE 18081 0 0 Humana Inc. COMMON STOCK 444859102 673 3782 SH SOLE NONE 3782 0 0 Imperial Oil Ltd. COMMON STOCK 453038408 1117 28010 SH SOLE NONE 28010 0 0 Ingles Markets, Inc. COMMON STOCK 457030104 3037 61384 SH SOLE NONE 61384 0 0 Ingram Micro Inc COMMON STOCK 457153104 305 12150 SH SOLE NONE 12150 0 0 Intel COMMON STOCK 458140100 333 10663 SH SOLE NONE 10663 0 0 Intl Paper Co. COMMON STOCK 460146103 4267 76894 SH SOLE NONE 76894 0 0 Investors Title COMMON STOCK 461804106 557 7525 SH SOLE NONE 7525 0 0 iShares Currency Hedged MSCI G ETF/ETN 46434V704 3535 123848 SH SOLE NONE 123848 0 0 iShares DJ US Oil Equip & Svcs ETF/ETN 464288844 325 6920 SH SOLE NONE 6920 0 0 iShares Global Telecom Fd ETF/ETN 464287275 1292 21079 SH SOLE NONE 21079 0 0 iShares Hong Kong Index Fd ETF/ETN 464286871 206 9400 SH SOLE NONE 9400 0 0 iShares MSCI All Country World ETF/ETN 464286525 1955 27270 SH SOLE NONE 27270 0 0 iShares MSCI EAFE Minimum Vola ETF/ETN 46429B689 1289 19560 SH SOLE NONE 19560 0 0 iShares MSCI South Korea Index ETF/ETN 464286772 106 1850 SH SOLE NONE 1850 0 0 iShares Russell 1000 ETF/ETN 464287622 127 1096 SH SOLE NONE 1096 0 0 iShares Russell 1000 Growth In ETF/ETN 464287614 108 1096 SH SOLE NONE 1096 0 0 iShares Russell 1000 Value Ind ETF/ETN 464287598 211 2045 SH SOLE NONE 2045 0 0 iShares Russell Midcap Index ETF/ETN 464287499 226 1303 SH SOLE NONE 1303 0 0 iShares Russell Midcap Value I ETF/ETN 464287473 313 4164 SH SOLE NONE 4164 0 0 iShares Singapore Index Fd ETF/ETN 464286673 3719 290521 SH SOLE NONE 290521 0 0 iShares Taiwan Index Fd ETF/ETN 464286731 207 13126 SH SOLE NONE 13126 0 0 ITT Corporation COMMON STOCK 450911102 1531 38354 SH SOLE NONE 38354 0 0 J P Morgan Chase COMMON STOCK 46625H100 715 11796 SH SOLE NONE 11796 0 0 JM Smucker COMMON STOCK 832696405 350 3025 SH SOLE NONE 3025 0 0 John Bean Technologies COMMON STOCK 477839104 2276 63718 SH SOLE NONE 63718 0 0 Johnson & Johnson COMMON STOCK 478160104 3385 33648 SH SOLE NONE 33648 0 0 Kimberly Clark COMMON STOCK 494368103 1712 15987 SH SOLE NONE 15987 0 0 Kraft Foods Group COMMON STOCK 50076Q106 293 3367 SH SOLE NONE 3367 0 0 Kroger COMMON STOCK 501044101 10357 135100 SH SOLE NONE 135100 0 0 Laboratory Corp of America Hol COMMON STOCK 50540R409 685 5430 SH SOLE NONE 5430 0 0 Liberty Global Inc Com Ser C COMMON STOCK 530555309 192 3850 SH SOLE NONE 3850 0 0 Liberty Global Inc. COMMON STOCK G5480U104 198 3850 SH SOLE NONE 3850 0 0 Macy's Inc COMMON STOCK 55616P104 195 3000 SH SOLE NONE 3000 0 0 Marathon Oil Corp COMMON STOCK 565849106 144 5500 SH SOLE NONE 5500 0 0 Marathon Petroleum Corp COMMON STOCK 56585A102 353 3450 SH SOLE NONE 3450 0 0 Marcus Corp COMMON STOCK 566330106 631 29650 SH SOLE NONE 29650 0 0 MartenTransport Ltd. COMMON STOCK 573075108 521 22440 SH SOLE NONE 22440 0 0 Matson Navigation Co. COMMON STOCK 57686G105 1058 25105 SH SOLE NONE 25105 0 0 Maxus Realty Trust REIT 57774B109 142 4067 SH SOLE NONE 4067 0 0 Mckesson Corp. COMMON STOCK 58155Q103 109 480 SH SOLE NONE 480 0 0 MDU Resources Group Inc. COMMON STOCK 552690109 311 14575 SH SOLE NONE 14575 0 0 Merck & Co Inc COMMON STOCK 58933Y105 1681 29245 SH SOLE NONE 29245 0 0 MFRI Inc. COMMON STOCK 552721102 217 34643 SH SOLE NONE 34643 0 0 Microsoft COMMON STOCK 594918104 3127 76909 SH SOLE NONE 76909 0 0 Mine Safety Appliances COMMON STOCK 602720104 249 5000 SH SOLE NONE 5000 0 0 Molson Coors Brewing Company COMMON STOCK 60871R209 2151 28891 SH SOLE NONE 28891 0 0 Mondelez International Inc. COMMON STOCK 609207105 337 9338 SH SOLE NONE 9338 0 0 Multi Color Corp. COMMON STOCK 625383104 1546 22301 SH SOLE NONE 22301 0 0 National Oilwell COMMON STOCK 637071101 240 4800 SH SOLE NONE 4800 0 0 NBT Bancorp Inc COMMON STOCK 628778102 326 13000 SH SOLE NONE 13000 0 0 New York Times COMMON STOCK 650111107 674 49005 SH SOLE NONE 49005 0 0 NextEra Energy Inc New COMMON STOCK 65339F101 217 2088 SH SOLE NONE 2088 0 0 Nike, Inc. COMMON STOCK 654106103 2104 20971 SH SOLE NONE 20971 0 0 Norfolk Southern Crp COMMON STOCK 655844108 410 3980 SH SOLE NONE 3980 0 0 Northrop Grumman Corp. COMMON STOCK 666807102 4077 25332 SH SOLE NONE 25332 0 0 Northwest Natural Gas COMMON STOCK 667655104 1097 22877 SH SOLE NONE 22877 0 0 Novartis AG Adr COMMON STOCK 66987V109 4349 44099 SH SOLE NONE 44099 0 0 Nuveen CA Muni Advantage Fund ETF/ETN 67066Y105 234 15306 SH SOLE NONE 15306 0 0 Oneok Inc COMMON STOCK 682680103 169 3500 SH SOLE NONE 3500 0 0 Oracle COMMON STOCK 68389X105 285 6600 SH SOLE NONE 6600 0 0 Park City Group Inc. COMMON STOCK 700215304 254 18450 SH SOLE NONE 18450 0 0 Pebblebrook Hotel Pfd Ser B PREFERRED STOCK 70509V308 361 13500 SH SOLE NONE 13500 0 0 Pepsico COMMON STOCK 713448108 4631 48428 SH SOLE NONE 48428 0 0 Pfizer COMMON STOCK 717081103 1436 41265 SH SOLE NONE 41265 0 0 Philip Morris Intl COMMON STOCK 718172109 207 2745 SH SOLE NONE 2745 0 0 Phillips 66 COMMON STOCK 718546104 109 1385 SH SOLE NONE 1385 0 0 Pimco Dynamic Credit Income Fu ETF/ETN 72202D106 123 6000 SH SOLE NONE 6000 0 0 Pimco ETF Short Maturity Str ETF/ETN 72201R833 2441 24130 SH SOLE NONE 24130 0 0 Pimco Muni Income Fd II Com ETF/ETN 72200W106 162 13000 SH SOLE NONE 13000 0 0 Plains GP Holdings, LP COMMON STOCK 72651A108 113 4000 SH SOLE NONE 4000 0 0 Portland Gen Elec Co COMMON STOCK 736508847 669 18040 SH SOLE NONE 18040 0 0 Potlatch Corp COMMON STOCK 737630103 417 10421 SH SOLE NONE 10421 0 0 PowerShares FTSE RAFI US 1000 ETF/ETN 73935X583 4396 48140 SH SOLE NONE 48140 0 0 Powershares High Yld Corp Bond ETF/ETN 73936T557 2287 120536 SH SOLE NONE 120536 0 0 PowerShares QQQ ETF/ETN 631100104 272 2572 SH SOLE NONE 2572 0 0 PPL Corp. COMMON STOCK 69351T106 1135 33717 SH SOLE NONE 33717 0 0 Precision Castparts COMMON STOCK 740189105 370 1762 SH SOLE NONE 1762 0 0 Procter & Gamble COMMON STOCK 742718109 1108 13526 SH SOLE NONE 13526 0 0 Quest Diagnostics Inc COMMON STOCK 74834L100 181 2350 SH SOLE NONE 2350 0 0 Rayonier COMMON STOCK 754907103 1646 61047 SH SOLE NONE 61047 0 0 Rayonier Advanced Materials In COMMON STOCK 75508B104 252 16917 SH SOLE NONE 16917 0 0 Raytheon COMMON STOCK 755111507 685 6270 SH SOLE NONE 6270 0 0 Republic Services COMMON STOCK 760759100 1815 44758 SH SOLE NONE 44758 0 0 Royal Dutch Shell Cl B COMMON STOCK 780259107 502 8007 SH SOLE NONE 8007 0 0 Rush Enterprises Cl B COMMON STOCK 781846308 153 6174 SH SOLE NONE 6174 0 0 S & P 500 Index Fund ETF/ETN 78462F103 1076 5211 SH SOLE NONE 5211 0 0 Sanofi-Aventis Sponsored Adr COMMON STOCK 80105N105 861 17420 SH SOLE NONE 17420 0 0 Scana Corp New COMMON STOCK 80589M102 365 6638 SH SOLE NONE 6638 0 0 Schlumberger Limited COMMON STOCK 806857108 193 2315 SH SOLE NONE 2315 0 0 Seaboard Corp. COMMON STOCK 811543107 1012 245 SH SOLE NONE 245 0 0 Seacorp Hldgs Inc COMMON STOCK 811904101 296 4251 SH SOLE NONE 4251 0 0 Shiloh Industries Inc. COMMON STOCK 824543102 189 13450 SH SOLE NONE 13450 0 0 Simon Ppty Grp REIT 828806109 117 600 SH SOLE NONE 600 0 0 Sonoco Products COMMON STOCK 835495102 1713 37692 SH SOLE NONE 37692 0 0 Southern Co COMMON STOCK 842587107 267 6024 SH SOLE NONE 6024 0 0 Southwest Air COMMON STOCK 844741108 204 4600 SH SOLE NONE 4600 0 0 SPDR S&P Dividend ETF ETF/ETN 78464A763 114 1460 SH SOLE NONE 1460 0 0 SPDR S&P Insurance ETF ETF/ETN 78464A789 105 1570 SH SOLE NONE 1570 0 0 SPDR S&P Transport ETF ETF/ETN 78464A532 888 8355 SH SOLE NONE 8355 0 0 St Jude Medical Inc COMMON STOCK 790849103 213 3250 SH SOLE NONE 3250 0 0 Starbucks COMMON STOCK 855244109 915 9657 SH SOLE NONE 9657 0 0 Starwood Ppty Trust, Inc. REIT 85571B105 136 5600 SH SOLE NONE 5600 0 0 Streettracks Gold Shrs ETF/ETN 78463V107 1393 12253 SH SOLE NONE 12253 0 0 Stryker Corp COMMON STOCK 863667101 2014 21836 SH SOLE NONE 21836 0 0 Syngenta AG COMMON STOCK 87160A100 2767 40812 SH SOLE NONE 40812 0 0 T Rowe Price Group, Inc. ETF/ETN 74144T108 159 1960 SH SOLE NONE 1960 0 0 The GEO Group, Inc REIT 36162J106 749 17134 SH SOLE NONE 17134 0 0 The Howard Hughes Corporation COMMON STOCK 44267D107 116 750 SH SOLE NONE 750 0 0 Timken Co COMMON STOCK 887389104 126 3000 SH SOLE NONE 3000 0 0 Travelers Cos Inc. COMMON STOCK 89417E109 243 2245 SH SOLE NONE 2245 0 0 Trustco Bk Corp Ny COMMON STOCK 898349105 172 25000 SH SOLE NONE 25000 0 0 Twenty-First Century Fox, Cl B COMMON STOCK 90130A200 628 19100 SH SOLE NONE 19100 0 0 UGI Corp COMMON STOCK 902681105 1237 37966 SH SOLE NONE 37966 0 0 Unilever PLC COMMON STOCK 904767704 365 8754 SH SOLE NONE 8754 0 0 Union Pacific COMMON STOCK 907818108 6545 60426 SH SOLE NONE 60426 0 0 United Technologies COMMON STOCK 913017109 2453 20928 SH SOLE NONE 20928 0 0 Unitedhealth Group COMMON STOCK 91324P102 360 3040 SH SOLE NONE 3040 0 0 Urstadt Biddle Pptys COMMON STOCK 917286106 1071 56814 SH SOLE NONE 56814 0 0 Urstadt Biddle Pptys 6.75% 12/ PREFERRED STOCK 917286809 364 13775 SH SOLE NONE 13775 0 0 Urstadt Biddle Pptys Inc Cl A COMMON STOCK 917286205 1530 66364 SH SOLE NONE 66364 0 0 Urstadt Biddle Pptys Inc Pfd S PREFERRED STOCK 917286700 663 24400 SH SOLE NONE 24400 0 0 US Bancorp COMMON STOCK 902973304 4144 94897 SH SOLE NONE 94897 0 0 V F Corp COMMON STOCK 918204108 399 5300 SH SOLE NONE 5300 0 0 Vanguard Consumer Staples ETF ETF/ETN 92204A207 406 3200 SH SOLE NONE 3200 0 0 Vanguard Dividend Appreciation ETF/ETN 921908844 1547 19230 SH SOLE NONE 19230 0 0 Vanguard Energy ETF ETF/ETN 92204A306 6745 61718 SH SOLE NONE 61718 0 0 Vanguard Extended Mkt ETF ETF/ETN 922908652 2267 24520 SH SOLE NONE 24520 0 0 Vanguard Financials ETF ETF/ETN 92204A405 1566 31770 SH SOLE NONE 31770 0 0 Vanguard FTSE All World exUS E ETF/ETN 922042775 167 3429 SH SOLE NONE 3429 0 0 Vanguard Global ex-US Real Est ETF/ETN 922042676 190 3370 SH SOLE NONE 3370 0 0 Vanguard Growth ETF ETF/ETN 922908736 147 1409 SH SOLE NONE 1409 0 0 Vanguard Health Care ETF ETF/ETN 92204A504 1545 11400 SH SOLE NONE 11400 0 0 Vanguard High Dividend Yield I ETF/ETN 921946406 15431 225924 SH SOLE NONE 225924 0 0 Vanguard Information Technolog ETF/ETN 92204A702 8491 79715 SH SOLE NONE 79715 0 0 Vanguard Intermediate-Term Cor ETF/ETN 92206C870 139 1580 SH SOLE NONE 1580 0 0 Vanguard Mega Cap ETF ETF/ETN 921910873 4596 65319 SH SOLE NONE 65319 0 0 Vanguard REIT Index ETF ETF/ETN 922908553 581 6889 SH SOLE NONE 6889 0 0 Vanguard S&P 500 ETF ETF/ETN 922908363 3641 19245 SH SOLE NONE 19245 0 0 Vanguard Short Term Bond ETF ETF/ETN 921937827 266 3300 SH SOLE NONE 3300 0 0 Vanguard Small Cap Value ETF ETF/ETN 922908611 1508 13781 SH SOLE NONE 13781 0 0 Vanguard Total Stock Mkt ETF ETF/ETN 922908769 22590 210626 SH SOLE NONE 210626 0 0 Vanguard Total World Stk Index ETF/ETN 922042742 3029 49186 SH SOLE NONE 49186 0 0 Vanguard Utilities ETF ETF/ETN 92204A876 1621 16733 SH SOLE NONE 16733 0 0 Vectren Corp COMMON STOCK 92240G101 1369 31023 SH SOLE NONE 31023 0 0 Ventas Inc. COMMON STOCK 92276F100 730 10000 SH SOLE NONE 10000 0 0 Verizon Communications COMMON STOCK 92343V104 2221 45666 SH SOLE NONE 45666 0 0 Visa Inc COMMON STOCK 92826C839 300 4592 SH SOLE NONE 4592 0 0 Vodafone Group PLC COMMON STOCK 92857W100 426 13044 SH SOLE NONE 13044 0 0 Wabash National Corp. COMMON STOCK 929566107 100 7100 SH SOLE NONE 7100 0 0 Wal-Mart Stores COMMON STOCK 931142103 1569 19073 SH SOLE NONE 19073 0 0 Walt Disney Co. COMMON STOCK 254687106 2833 27008 SH SOLE NONE 27008 0 0 Washington Real Estate Inv Tru REIT 939653101 145 5250 SH SOLE NONE 5250 0 0 Waste Management COMMON STOCK 94106L109 739 13623 SH SOLE NONE 13623 0 0 Wells Fargo & Co COMMON STOCK 949746101 662 12173 SH SOLE NONE 12173 0 0 Weyerhaeuser REIT 962166104 808 24369 SH SOLE NONE 24369 0 0 Whirlpool Corp COMMON STOCK 963320106 1171 5795 SH SOLE NONE 5795 0 0 Whitestone Reit REIT 966084204 647 40750 SH SOLE NONE 40750 0 0 Williams Companies, Inc. COMMON STOCK 969457100 123 2435 SH SOLE NONE 2435 0 0 WisdomTree DEFA ETF ETF/ETN 97717W703 1425 27512 SH SOLE NONE 27512 0 0 WisdomTree Emerging Mkts Small ETF/ETN 97717W281 2531 57229 SH SOLE NONE 57229 0 0 WisdomTree Japan Hedged Equity ETF/ETN 97717W851 1408 25545 SH SOLE NONE 25545 0 0 Xylem Inc COMMON STOCK 98419M100 319 9123 SH SOLE NONE 9123 0 0 Yahoo! Inc. COMMON STOCK 984332106 1319 29691 SH SOLE NONE 29691 0 0 Zimmer Holdings COMMON STOCK 98956P102 162 1380 SH SOLE NONE 1380 0 0