The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
HSBC Hldgs PLC PFD 404280604 606 22,950 SH   SOLE   0 0 22,950
3M Company COM 88579y101 255 1,225 SH   SOLE   0 0 1,225
Abbott Laboratories COM 002824100 288 5,930 SH   SOLE   0 0 5,930
Alibaba Group Holding Ltd COM 01609W102 664 4,715 SH   SOLE   0 0 4,715
Alken Euro Opp Fd COM G78994947 2,314 20,914 SH   SOLE   0 0 20,914
Allergan Inc. COM G0177J108 10,199 41,957 SH   SOLE   0 0 41,957
Alphabet Inc. Cap Stk CL A COM 02079K305 4,252 4,574 SH   SOLE   0 0 4,574
Alphabet Inc. Cap Stk CL C COM 02079K107 11,014 12,120 SH   SOLE   0 0 12,120
Altria Group, Inc. COM 02209s103 206 2,762 SH   SOLE   0 0 2,762
Amazon.com, Inc. COM 023135106 1,070 1,105 SH   SOLE   0 0 1,105
AmeriSourcebergen Corp COM 03073e105 1,740 18,408 SH   SOLE   0 0 18,408
American Express Inc. COM 025816109 681 8,084 SH   SOLE   0 0 8,084
Avon Products, Inc. COM 054303102 473 124,528 SH   SOLE   0 0 124,528
BGF-Asian Dragon FD-A2 COM L1149K912 1,128 28,735 SH   SOLE   0 0 28,735
BP p.l.c. ADR COM 055622104 5,896 170,146 SH   SOLE   0 0 170,146
Bank of America COM 060505104 421 17,374 SH   SOLE   0 0 17,374
Baron Emeriging Markets Fund- COM 06828M876 4,475 338,758 SH   SOLE   0 0 338,758
Berkshire Hathaway, Inc. CL A COM 084670108 1,273 5 SH   SOLE   0 0 5
Berkshire Hathaway, Inc. CL B COM 084670702 10,970 64,772 SH   SOLE   0 0 64,772
BlackRock Global Funds, Alloca COM L10491972 800 14,723 SH   SOLE   0 0 14,723
Celgene Corporation COM 151020104 3,575 27,525 SH   SOLE   0 0 27,525
Chevron Corp. COM 166764100 9,857 94,480 SH   SOLE   0 0 94,480
Cisco Systems COM 17275r102 8,575 273,969 SH   SOLE   0 0 273,969
Citigroup Inc. COM 172967424 15,220 227,566 SH   SOLE   0 0 227,566
Coca-Cola Co. COM 191216100 442 9,850 SH   SOLE   0 0 9,850
Colgate Palmolive Co. COM 194162103 248 3,350 SH   SOLE   0 0 3,350
Conagra Inc. COM 205887102 1,090 30,483 SH   SOLE   0 0 30,483
Deutsche Global Real Estate Se COM 25159L109 98 10,877 SH   SOLE   0 0 10,877
Deutsche X Trackers MSCI JPN H COM 233051507 4,895 125,705 SH   SOLE   0 0 125,705
Diageo PLC Spons. ADR COM 25243q205 1,202 10,031 SH   SOLE   0 0 10,031
Edgewood US Select Growth FD COM 2829z9144 959 7,135 SH   SOLE   0 0 7,135
Exxon Mobil Corporation COM 30231g102 1,482 18,363 SH   SOLE   0 0 18,363
Facebook Inc. COM 30303m102 11,249 74,505 SH   SOLE   0 0 74,505
Fidelity Balanced Fund COM 316345206 515 21,629 SH   SOLE   0 0 21,629
Franklin India Fund Cl Z COM L4059C490 837 54,726 SH   SOLE   0 0 54,726
General Electric COM 369604103 4,050 149,945 SH   SOLE   0 0 149,945
General Motors Co COM 37045v100 7,097 203,174 SH   SOLE   0 0 203,174
Goldman Sachs Group, Inc. COM 38141g104 5,278 23,784 SH   SOLE   0 0 23,784
Health Care Select Sector SPDR COM 81369Y209 5,845 73,761 SH   SOLE   0 0 73,761
Heineken N V S ADR COM 423012301 7,520 154,895 SH   SOLE   0 0 154,895
Henderson Gartmore - Cont Eur COM 326895935 1,219 103,392 SH   SOLE   0 0 103,392
Home Depot COM 437076102 273 1,777 SH   SOLE   0 0 1,777
IShares Russell Midcap Index F COM 464287499 1,331 6,928 SH   SOLE   0 0 6,928
Intel Corp. COM 458140100 5,411 160,372 SH   SOLE   0 0 160,372
Ishares Core MSCI Emerging Mar COM 46434G103 1,984 39,641 SH   SOLE   0 0 39,641
Ishares US Aerospace and Defen COM 464288760 6,032 38,338 SH   SOLE   0 0 38,338
JPMorgan Chase & Co. COM 46625h100 10,908 119,349 SH   SOLE   0 0 119,349
Janus Cap Global Life Sciences COM 520456914 2,654 77,566 SH   SOLE   0 0 77,566
Johnson & Johnson COM 478160104 1,013 7,654 SH   SOLE   0 0 7,654
Lamb Weston Holdings Inc COM 513272104 288 6,535 SH   SOLE   0 0 6,535
Lazard Emerging Mkts Equity Po COM 52106n889 7,059 392,187 SH   SOLE   0 0 392,187
M&T Bank Corporation COM 55261f104 855 5,280 SH   SOLE   0 0 5,280
MBIA, Inc. COM 55262c100 107 11,294 SH   SOLE   0 0 11,294
Market Vectors Pharmaceutical COM 92189F692 201 3,409 SH   SOLE   0 0 3,409
Matthews China Fund Insti Clas COM 577130818 1,697 84,403 SH   SOLE   0 0 84,403
Matthews India Fund COM 577130859 1,787 57,011 SH   SOLE   0 0 57,011
Mckesson Corp COM 58155q103 2,903 17,645 SH   SOLE   0 0 17,645
Merck & Co, Inc. COM 58933y105 7,639 119,192 SH   SOLE   0 0 119,192
Microsoft Corp. COM 594918104 9,346 135,580 SH   SOLE   0 0 135,580
Neuberger Berman CH EQ-IAUSD COM 64122q465 414 17,391 SH   SOLE   0 0 17,391
Oakmark International Fund Cla COM 413838202 10,422 395,238 SH   SOLE   0 0 395,238
Orbital ATK Inc COM 68557N103 406 4,125 SH   SOLE   0 0 4,125
PayPal Holdings, Inc COM 70450Y103 8,628 160,757 SH   SOLE   0 0 160,757
Pepsico Inc. COM 713448108 1,300 11,259 SH   SOLE   0 0 11,259
Pfizer Inc. COM 717081103 9,511 283,144 SH   SOLE   0 0 283,144
Philip Morris International In COM 718172109 2,914 24,814 SH   SOLE   0 0 24,814
Pictet - Water Held by Eurocle COM 255787939 667 2,015 SH   SOLE   0 0 2,015
Pinebridge Invest India Eqty COM 452099914 1,044 2,303 SH   SOLE   0 0 2,303
PowerShares S&P 500 Div Low Vo COM 73937B654 2,136 53,093 SH   SOLE   0 0 53,093
Procter & Gamble COM 742718109 11,683 134,052 SH   SOLE   0 0 134,052
Pulte Group Inc COM 745867101 10,170 414,577 SH   SOLE   0 0 414,577
Quintiles IMS Holdings Inc COM 74876y101 7,620 85,142 SH   SOLE   0 0 85,142
Raytheon Co. COM 755111507 8,525 52,793 SH   SOLE   0 0 52,793
Real Estate Select Sector SPDR COM 81369Y860 315 9,798 SH   SOLE   0 0 9,798
Realogy Holdings Corp COM 75605y106 3,853 118,745 SH   SOLE   0 0 118,745
S&P 400 Mid-Cap Dep. Recpt. COM 78467y107 3,770 11,871 SH   SOLE   0 0 11,871
S&P 500 Depository Receipt COM 78462f103 25,329 104,753 SH   SOLE   0 0 104,753
SPDR DJIA Trust COM 78467x109 434 2,035 SH   SOLE   0 0 2,035
SPDR S&P Biotech COM 78464A870 5,525 71,591 SH   SOLE   0 0 71,591
SPDR S&P Homebuilders COM 78464A888 1,160 30,112 SH   SOLE   0 0 30,112
Select Sector SPDR Consumer Di COM 81369y407 7,974 88,964 SH   SOLE   0 0 88,964
Select Sector SPDR Consumer St COM 81369y308 5,425 98,739 SH   SOLE   0 0 98,739
Select Sector SPDR Energy COM 81369Y506 7,698 118,572 SH   SOLE   0 0 118,572
Select Sector SPDR Financial COM 81369y605 13,321 539,985 SH   SOLE   0 0 539,985
Select Sector SPDR Industrial COM 81369y704 2,330 34,206 SH   SOLE   0 0 34,206
Select Sector SPDR Technology COM 81369y803 19,779 361,458 SH   SOLE   0 0 361,458
The Brink's Company COM 109696104 1,515 22,618 SH   SOLE   0 0 22,618
Toll Brothers, Inc COM 889478103 6,186 156,560 SH   SOLE   0 0 156,560
Total Fina S.A. ADR (N/C 6/14/ COM 89151E109 4,754 95,870 SH   SOLE   0 0 95,870
VanEck Vectors Oil Services ET COM 92189F718 6,871 277,164 SH   SOLE   0 0 277,164
Vanguard Dividend Appreciation COM 921908844 234 2,525 SH   SOLE   0 0 2,525
Vanguard Emerging Market COM 922042858 2,931 71,790 SH   SOLE   0 0 71,790
Vanguard MSCI European Equity COM 922042874 214 3,875 SH   SOLE   0 0 3,875
Vanguard S&P 500 UCITS ETF COM 923536940 1,324 28,780 SH   SOLE   0 0 28,780
Viacom Inc. Class B NEW COM 92553p201 7,308 217,685 SH   SOLE   0 0 217,685
Visa Inc COM 92826c839 6,423 68,495 SH   SOLE   0 0 68,495
Vista Outdoor Inc COM 928377100 429 19,075 SH   SOLE   0 0 19,075
Vodafone Group ADR COM 92857w308 9,342 325,152 SH   SOLE   0 0 325,152
Vodafone Group(British Pounds COM GB00BH4HK 51 18,000 SH   SOLE   0 0 18,000
WPX Energy Inc. COM 98212b103 319 32,987 SH   SOLE   0 0 32,987
Wal-Mart Stores COM 931142103 842 11,125 SH   SOLE   0 0 11,125
Walt Disney Company COM 254687106 710 6,683 SH   SOLE   0 0 6,683
Wisdom Tree Europe Hedged Equi COM 97717X701 12,405 199,027 SH   SOLE   0 0 199,027
Wisdomtree Europe Smallcap Div COM 97717W869 3,918 60,717 SH   SOLE   0 0 60,717
Wisdomtree Germany Hedged Equi COM 97717W448 3,138 103,915 SH   SOLE   0 0 103,915
Wisdomtree TR Japan Total Div COM 97717W851 1,219 23,440 SH   SOLE   0 0 23,440
Zoetis Inc COM 98978v103 9,761 156,484 SH   SOLE   0 0 156,484
iShares MSCI China COM 46429B671 775 14,165 SH   SOLE   0 0 14,165
iShares MSCI Emerging Markets COM 464287234 553 13,372 SH   SOLE   0 0 13,372
iShares Russell 2000 Growth COM 464287648 5,345 31,668 SH   SOLE   0 0 31,668
iShares Russell 2000 Index COM 464287655 1,003 7,115 SH   SOLE   0 0 7,115
iShares S&P MidCap 400 Index F COM 464287507 5,036 28,951 SH   SOLE   0 0 28,951
iShares US Basic Materials COM 464287838 875 9,790 SH   SOLE   0 0 9,790
iShares US Industrials COM 464287754 642 4,880 SH   SOLE   0 0 4,880
Powershares QQQ 9/29/2017 $131 PT OPT 3168539VP 940 3,965 SH   SOLE   0 0 3,965