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
WESCO INTL INC DBCV 6.000% 9/1 95082PAH8 1,809 747,000 PRN   SOLE   747,000 0 0
ISHARES BARCLAYS 1-3 YR CREDIT 1-3 YR CR BD ETF 464288646 14,122 134,075 SH   SOLE   119,875 0 14,200
ISHARES BARCLAYS TIPS BOND FUN TIPS BD ETF 464287176 10,969 97,898 SH   SOLE   81,998 0 15,900
ISHARES CORE TOTAL U.S. BOND M CORE TOTUSBD ETF 464287226 10,399 95,600 SH   SOLE   84,200 0 11,400
ISHARES INTL TREAS BOND ETF INTL TREA BD ETF 464288117 278 3,100 SH   SOLE   3,100 0 0
ISHARES JPM EMERG MKTS ETF JP MOR EM MK ETF 464288281 341 3,100 SH   SOLE   3,100 0 0
ISHARES NATIONAL AMT-FREE MUNI NAT AMT FREE BD 464288414 4,318 39,900 SH   SOLE   39,900 0 0
ISHARES TR HIGH YIELD CORP IBOXX HI YD ETF 464288513 14,599 164,400 SH   SOLE   144,293 0 20,107
POWERSHARES GLOBAL ETF SOVEREI SOVEREIGN DEBT 73936T573 15,452 557,621 SH   SOLE   492,102 0 65,519
SPDR BARCLAYS INT'L TB ETF BRCLYS INTL ETF 78464A516 4,309 82,827 SH   SOLE   71,177 0 11,650
SPDR SERIES BARCLAYS HIGH YLD BRC HGH YLD BD 78464A417 342 8,900 SH   SOLE   8,900 0 0
ABBOTT LABS COM 002824100 282 5,754 SH   SOLE   5,754 0 0
ABBVIE INC COM 00287Y109 380 5,661 SH   SOLE   5,661 0 0
AMERICAN TOWER REIT INC COM 03027X100 10,064 107,882 SH   SOLE   101,112 0 6,770
AMERISOURCEBERGEN CORP COM COM 03073E105 1,798 16,908 SH   SOLE   16,908 0 0
APPLE COMPUTER INC COM 037833100 1,684 13,424 SH   SOLE   12,408 0 1,016
AUTO DATA PROCESS INC COM 053015103 1,156 14,408 SH   SOLE   14,133 0 275
BANK OF HAWAII COM 062540109 987 14,808 SH   SOLE   14,808 0 0
BARD CR INC COM 067383109 1,082 6,338 SH   SOLE   6,338 0 0
BECTON DICKINSON & CO COM 075887109 1,068 7,543 SH   SOLE   7,543 0 0
BERKSHIRE HATHAWAY CL A CL A 084670108 205 1 SH   SOLE   1 0 0
BERKSHIRE HATHAWAY CL B CL B NEW 084670702 204 1,500 SH   SOLE   1,500 0 0
CATERPILLAR COM 149123101 537 6,334 SH   SOLE   6,334 0 0
CHENIERE ENERGY INC COM 16411R208 131,604 1,900,150 SH   SOLE   1,879,100 0 21,050
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 13,802 447,400 SH   SOLE   447,400 0 0
CHEVRON CORP COM 166764100 16,853 174,694 SH   SOLE   163,394 0 11,300
CINTAS CORP COM 172908105 32,577 385,122 SH   SOLE   365,372 0 19,750
COLGATE PALMOLIVE CO COM 194162103 1,429 21,840 SH   SOLE   21,550 0 290
CONOCOPHILLIPS COM 20825c104 485 7,896 SH   SOLE   7,896 0 0
CROWN CASTLE INTL CORP COM 22822V101 16,748 208,571 SH   SOLE   201,783 0 6,788
DISCOVERY COMMUNICATIONS INC COM SER C 25470f302 335 10,780 SH   SOLE   10,780 0 0
ELECTR FOR IMAGING INC COM 286082102 30,903 710,260 SH   SOLE   676,660 0 33,600
EXXON MOBIL CORP COM 30231G102 18,217 218,951 SH   SOLE   205,646 0 13,305
FLUOR CORP COM 343412102 25,028 472,130 SH   SOLE   448,080 0 24,050
GASLOG LTD SHS G37585109 41,895 2,100,000 SH   SOLE   2,100,000 0 0
GENERAL ELEC CO COM 369604103 1,242 46,755 SH   SOLE   46,755 0 0
INT'L BUSINESS MACHINES COM 459200101 237 1,455 SH   SOLE   1,455 0 0
INTEL CORP COM 458140100 26,420 868,635 SH   SOLE   820,635 0 48,000
JOHNSON & JOHNSON COM 478160104 27,597 283,162 SH   SOLE   268,677 0 14,485
KINDER MORGAN COM 49456b101 231 6,010 SH   SOLE   6,010 0 0
LAMAR ADVERTISING CO-CL A CL A 512816109 75,962 1,321,536 SH   SOLE   1,298,236 0 23,300
LPL FINANCIAL HOLDINGS INC COM 50212V100 159,792 3,437,124 SH   SOLE   3,402,174 0 34,950
MAGELLAN MIDSTREAM PARTNERS COM UNIT RP LP 559080106 27,326 372,386 SH   SOLE   372,386 0 0
MASTERCARD INC COM 57636Q104 2,181 23,327 SH   SOLE   23,327 0 0
MICROSOFT CORP COM 594918104 1,177 26,654 SH   SOLE   26,654 0 0
MORGAN J P & CO INC COM 46625H100 364 5,379 SH   SOLE   5,379 0 0
NORTHERN TRUST CORP COM 665859104 30,510 399,036 SH   SOLE   376,986 0 22,050
NOVO-NORDISK ADR COM 670100205 440 8,035 SH   SOLE   8,035 0 0
PEPSICO INC COM 713448108 1,375 14,734 SH   SOLE   14,734 0 0
PFIZER INC COM 717081103 1,477 44,036 SH   SOLE   43,436 0 600
PROCTER & GAMBLE COM 742718109 25,758 329,219 SH   SOLE   310,619 0 18,600
PROGRESSIVE WASTE SOLU COM COM 74339G101 77,637 2,891,512 SH   SOLE   2,891,512 0 0
QVC GROUP COM 53071m104 16,874 608,074 SH   SOLE   580,371 0 27,703
SAFE BULKERS INC COM Y7388L103 48 15,000 SH   SOLE   15,000 0 0
SBA COMMUNICATIONS CORP CL A COM 78388j106 70,544 613,590 SH   SOLE   602,640 0 10,950
SEASPAN CORP SHS Y75638109 68,035 3,605,463 SH   SOLE   3,519,970 0 85,493
SOVRAN SELF STORAGE INC COM 84610H108 261 3,000 SH   SOLE   3,000 0 0
SYSCO CORP COM 871829107 28,355 785,467 SH   SOLE   742,597 0 42,870
TELEFLEX INC COM 879369106 34,227 252,690 SH   SOLE   237,940 0 14,750
TRISTATE CAPITAL HOLDINGS INC COM 89678F100 129 10,000 SH   SOLE   10,000 0 0
UNILEVER NV N Y SHS NEW 904784709 216 5,168 SH   SOLE   5,168 0 0
UNITED PARCEL SERVICE COM 911312106 25,207 260,103 SH   SOLE   246,258 0 13,845
WAL-MART STORES INC COM 931142103 24,733 348,694 SH   SOLE   338,944 0 9,750
WELLS FARGO & CO NEW COM 949746101 779 13,856 SH   SOLE   13,856 0 0
WESTAR ENERGY INC COM 95709T100 479 14,000 SH   SOLE   14,000 0 0
WILLIAMS COS INC DEL COM 969457100 218 3,800 SH   SOLE   3,800 0 0
ALPS ETF ALERIAN MLP ALERIAN MLP 00162Q866 6,784 435,975 SH   SOLE   370,915 0 65,060
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,078 5,236 SH   SOLE   5,236 0 0
VANGUARD MSCI EAFE ETF FTSE DEV MKT ETF 921943858 8,358 210,803 SH   SOLE   205,320 0 5,483
VANGUARD MSCI EMERGING MKT ETF FTSE EMR MKT ETF 922042858 19,926 487,433 SH   SOLE   452,349 0 35,084
VANGUARD TOTAL STOCK VIPERS TOTAL STK MKT 922908769 1,999 18,676 SH   SOLE   17,829 0 847
POWERSHARES DB CMDTY IDX UNIT UNIT BEN INT 73935S105 2,946 163,644 SH   SOLE   158,944 0 4,700
SPDR DOW JONES INT'L REAL ESTA DJ INTL RL ETF 78463X863 3,459 82,629 SH   SOLE   81,329 0 1,300
SPDR GOLD TRUST SHS GOLD SHS 78463V107 2,150 19,136 SH   SOLE   18,686 0 450
VANGUARD REIT INDEX ETF REIT ETF 922908553 1,751 23,438 SH   SOLE   21,988 0 1,450