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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hours per response: 23.8
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 Company COM 88579Y101 218 2,000 SH   DFND 2 0 0 2,000
Abbott Laboratories COM 2824100 245 7,050 SH   DFND 2 7,050 0 0
Abbvie Inc USD COM 00287Y109 291 7,050 SH   DFND 2 7,050 0 0
Accenture PLC SHS CLASS A G1151C101 431 6,000 SH   DFND 2 0 0 6,000
Access Midstream Partners L P Unit UNIT 00434L109 7,907 165,785 SH   DFND 2 165,785 0 0
Alliance Resource Partners L P Unit Ltd Partner Int UT LTD PART 01877R108 8,332 117,975 SH   DFND 2 117,975 0 0
Alphatec Hldgs Inc Common COM 02081G102 30 15,000 SH   DFND 2 15,000 0 0
Alza Corp SDCV 7/2 02261WAB5 15 13,000 SH   DFND 2 13,000 0 0
Amazon Com Inc COM 23135106 8,598 30,964 SH   DFND 2 30,964 0 0
American Express Co. COM 25816109 373 5,000 SH   DFND 2 0 0 5,000
American International Group Inc. COM NEW 26874784 402 9,000 SH   DFND 2 0 0 9,000
American Tower Corp Common COM 03027X100 512 7,000 SH   DFND 2 0 0 7,000
American Tower Corp Common COM 03027X100 187 2,568 SH   DFND 2 2,568 0 0
Amgen Inc Com COM 31162100 789 8,000 SH   DFND 2 8,000 0 0
Amlin Ord GBP SPONSORED ADR G0334Q177 265 44,444 SH   DFND 2 44,444 0 0
Anadarko Pete Corp Common COM 32511107 601 7,000 SH   DFND 2 0 0 7,000
Ansys Inc. COM 03662Q105 239 3,276 SH   DFND 2 3,276 0 0
Apple Computer Inc COM 37833100 674 1,700 SH   DFND 2 0 0 1,700
Apple Computer Inc COM 37833100 4,437 11,192 SH   DFND 2 11,192 0 0
AT & T Inc COM 00206R102 266 7,530 SH   DFND 2 7,530 0 0
Baillie Gifford Shin Nippon Plc SPONSORED ADR G81067103 101 23,000 SH   DFND 2 23,000 0 0
Berkshire Hathaway Class B New CL B NEW 84670702 559 5,000 SH   DFND 2 0 0 5,000
Bristol Myers Squibb COM 110122108 670 15,000 SH   DFND 2 0 0 15,000
CBS Corp New CL B CL B 124857202 422 865 SH   DFND 2 865 0 0
Celgene Corp Common COM 151020104 935 8,000 SH   DFND 2 0 0 8,000
Chevron Corp COM 166764100 1,019 8,617 SH   DFND 2 8,617 0 0
Church & Dwight Co., Inc COM 171340102 493 8,000 SH   DFND 2 0 0 8,000
Cigna Corp. COM 125509109 154 2,128 SH   DFND 2 2,128 0 0
Cisco Systems Inc. COM 17275R102 243 10,000 SH   DFND 2 0 0 10,000
Citigroup Inc Common New COM NEW 172967424 479 10,000 SH   DFND 2 0 0 10,000
Coca-cola Co Com COM 191216100 403 10,060 SH   DFND 2 10,060 0 0
Colgate Palmolive Co Com COM 194162103 286 5,000 SH   DFND 2 0 0 5,000
Conoco Phillips COM 20825C104 468 7,740 SH   DFND 2 7,740 0 0
Consolidated Edison Inc COM 209115104 538 9,236 SH   DFND 2 9,236 0 0
Costco Wholesale Corp. COM 22160K105 294 2,660 SH   DFND 2 2,660 0 0
Credit Suisse Cushing 30 MLP Index ETN ETN LKD 30 MLP 22542D852 19,592 655,712 SH   DFND 2 655,712 0 0
Ecolab Inc Com COM 278865100 638 7,500 SH   DFND 2 0 0 7,500
EFA Put @ 54 Exp 09/21/2013 COM MM0008SMS 701 664,500 SH   DFND 2 664,500 0 0
EGShares Emerging Markets Consumer EGS EMKTCONS ETF 268461779 229 8,887 SH   DFND 2 8,887 0 0
El Paso Pipeline Partners L P Common Unit Ltd Partnership Int COM UNIT LPI 283702108 7,768 177,881 SH   DFND 2 177,881 0 0
Enbridge Energy Partners, L.P. COM 29250R106 9,670 317,165 SH   DFND 2 317,165 0 0
Energy Transfer Equity L P Common Unit Ltd Partnership COM UT LTD PTN 29273V100 11,276 188,501 SH   DFND 2 188,501 0 0
Energy Transfer Partners L.P. UNIT LTD PARTN 29273R109 211 4,177 SH   DFND 2 4,177 0 0
Enterprise Products Partners LP COM 293792107 19,541 314,421 SH   DFND 2 314,421 0 0
Estee Lauder Companies Inc. CL A 518439104 394 6,000 SH   DFND 2 0 0 6,000
Ev Energy Partners, LP COM UNITS 26926V107 3,888 104,041 SH   DFND 2 104,041 0 0
Exxon Mobil Corp COM 30231G102 316 3,500 SH   DFND 2 0 0 3,500
Exxon Mobil Corp COM 30231G102 3,482 38,544 SH   DFND 2 38,544 0 0
Facebook Inc Class A CL A 30303M102 427 17,187 SH   DFND 2 17,187 0 0
Falconstor Software Inc Common COM 306137100 43 31,958 SH   DFND 2 31,958 0 0
Fedex Corp Com COM 31428X106 443 4,500 SH   DFND 2 0 0 4,500
Fedex Corp Com COM 31428X106 226 2,295 SH   DFND 2 2,295 0 0
First Trust Energy Income & Growth COM 33738G104 17,275 508,515 SH   DFND 2 508,515 0 0
First Trust MLP and Energy Income Fund COM 33739B104 2,790 136,388 SH   DFND 2 136,388 0 0
Freeport-mcmoran Copper & Goldinc Class B COM 35671D857 220 8,000 SH   DFND 2 0 0 8,000
General Electric COM 369604103 463 20,000 SH   DFND 2 0 0 20,000
General Electric COM 369604103 1,623 69,994 SH   DFND 2 69,994 0 0
Goldman Sachs Group COM 38141G104 605 4,000 SH   DFND 2 0 0 4,000
Google Inc-Cl A CL A 38259P508 616 700 SH   DFND 2 0 0 700
Google Inc-Cl A CL A 38259P508 1,372 1,559 SH   DFND 2 1,559 0 0
Honeywell Intl Inc Com COM 438516106 476 6,000 SH   DFND 2 0 0 6,000
Illinois Tool Wks Inc Com COM 452308109 247 3,573 SH   DFND 2 3,573 0 0
Intel Corporation COM 458140100 484 20,000 SH   DFND 2 0 0 20,000
Intel Corporation COM 458140100 560 23,113 SH   DFND 2 23,113 0 0
International Business Machines Corp. COM 459200101 382 2,000 SH   DFND 2 0 0 2,000
International Business Machines Corp. COM 459200101 591 3,095 SH   DFND 2 3,095 0 0
iShares MSCI EAFE Index MSCI EAFE INDEX 464287465 879 15,356 SH   DFND 2 15,356 0 0
iShares S & P Europe Index S&P EURO PLUS 464287861 635 16,411 SH   DFND 2 16,411 0 0
iShares S&P 500 Growth Index Fund S&P500 GRW 464287309 64,097 762,985 SH   DFND 2 762,985 0 0
iShares S&P 500/BARRA Growth Index Fund COM 464287309 3,097 37,580 SH   DFND 2 37,580 0 0
Ishares Tr S&p Gssi Technology Index Fund S&P NA TECH FD 464287549 538 7,233 SH   DFND 2 7,233 0 0
Johnson & Johnson COM 478160104 686 8,000 SH   DFND 2 0 0 8,000
Johnson & Johnson COM 478160104 2,734 31,850 SH   DFND 2 31,850 0 0
JPMorgan Alerian MLP ETN ALERIAN ML ETN 46625H365 629 13,497 SH   DFND 2 13,497 0 0
Jpmorgan Chase & Co COM 46625H100 844 16,000 SH   DFND 2 0 0 16,000
Jpmorgan Chase & Co COM 46625H100 500 9,487 SH   DFND 2 9,487 0 0
Kayne Anderson MLP Investment Co. COM 486606106 1,625 41,806 SH   DFND 2 41,806 0 0
Kinder Morgan Energy Partners L P UT LTD PARTNER 494550106 19,051 223,088 SH   DFND 2 223,088 0 0
Magellan Midstream Partners LP COM UNIT RP LP 559080106 11,926 218,838 SH   DFND 2 218,838 0 0
Market Vectors Oil Services OIL SVCS ETF 57060U191 964 22,542 SH   DFND 2 22,542 0 0
Mastercard Inc Class A CL A 57636Q104 574 1,000 SH   DFND 2 0 0 1,000
McCormick & Co Inc Com Non Vtg COM NON VTG 579780206 281 4,000 SH   DFND 2 0 0 4,000
McDonalds Corp Com COM 580135101 255 2,576 SH   DFND 2 2,576 0 0
Merck & Co. New COM 58933Y105 230 4,954 SH   DFND 2 4,954 0 0
Microsoft Corp. COM 594918104 518 15,000 SH   DFND 2 0 0 15,000
Microsoft Corp. COM 594918104 758 21,968 SH   DFND 2 21,968 0 0
MiMedx Group Inc. COM 602496101 98 14,000 SH   DFND 2 14,000 0 0
Nextera Energy Inc Common New COM 65339F101 260 3,200 SH   DFND 2 0 0 3,200
Novartis Ag Sponsored Adr SPONSORED ADR 66987V109 424 6,000 SH   DFND 2 0 0 6,000
Nustar Energy L.P. UNIT COM 67058H102 5,726 125,435 SH   DFND 2 125,435 0 0
Oaktree Cap Group LLC Unit Class A UNIT 99/99/9999 674001201 420 8,000 SH   DFND 2 0 0 8,000
Occidental Petroleum Corp COM 674599105 535 6,000 SH   DFND 2 0 0 6,000
Oneok Partners LP UNIT LTD PARTN 68268N103 9,109 183,959 SH   DFND 2 183,959 0 0
Pfizer Inc. COM 717081103 700 25,000 SH   DFND 2 0 0 25,000
Pfizer Inc. COM 717081103 470 16,794 SH   DFND 2 16,794 0 0
Phillip Morris International, Inc. COM 718172109 493 5,702 SH   DFND 2 5,702 0 0
Phillips 66 Common COM 718546104 327 5,566 SH   DFND 2 5,566 0 0
Pioneer Natural Resources Co COM 723787107 434 3,000 SH   DFND 2 0 0 3,000
Pioneer Southwest Energy LP UNIT LP INT 72388B106 6,399 186,691 SH   DFND 2 186,691 0 0
Plains All American Pipeline, L.P. UNIT LTD PARTN 726503105 15,096 270,505 SH   DFND 2 270,505 0 0
Procter & Gamble Co. COM 742718109 384 5,000 SH   DFND 2 0 0 5,000
Procter & Gamble Co. COM 742718109 1,305 16,959 SH   DFND 2 16,959 0 0
Royal Dutch Shell Petroleum ADR SPONS ADR A 780259206 291 4,566 SH   DFND 2 4,566 0 0
Sap Akiengesellschaft Adr SPON ADR 803054204 582 8,000 SH   DFND 2 0 0 8,000
Schein Henry Inc Common COM 806407102 574 6,000 SH   DFND 2 0 0 6,000
Schlumberger Limited COM 806857108 501 7,000 SH   DFND 2 0 0 7,000
Sector Spdr Energy Select SBI INT-ENERGY 81369Y506 1,106 14,127 SH   DFND 2 14,127 0 0
Select Sector Spdr Tr Health Care SBI HEALTHCARE 81369Y209 327 6,884 SH   DFND 2 6,884 0 0
Select Sector SPDR: Consumer Staples SBI CONS STPLS 81369Y308 123,169 3,104,936 SH   DFND 2 3,104,936 0 0
SPDR Gold Trust GOLD SHS 78463V107 76,631 572,719 SH   DFND 2 555,245 0 0
Spectra Energy Partners Lp Common COM 84756N109 11,488 249,758 SH   DFND 2 249,758 0 0
SPY Put 148 Exp 9/21/13 COM MM0009CLH 431 227,500 SH   DFND 2 227,500 0 0
Starbucks Corporation COM 855244109 655 10,000 SH   DFND 2 0 0 10,000
Targa Resources Partners LP COM UNIT 87611X105 6,677 132,350 SH   DFND 2 132,350 0 0
Tc Pipelines Lp Unit Common Ltd Partnership Int UT COM LTD PRT 87233Q108 8,216 170,192 SH   DFND 2 170,192 0 0
Teekay Lng Partners L.p. Partnership Units PRTNRSP UNITS Y8564M105 5,811 132,986 SH   DFND 2 132,986 0 0
The Williams Co Inc COM 969457100 5,359 165,053 SH   DFND 2 165,053 0 0
Tiffany and Co. COM 886547108 364 5,000 SH   DFND 2 0 0 5,000
United Technologies Co COM 913017109 464 5,000 SH   DFND 2 0 0 5,000
United Technologies Co COM 913017109 542 5,833 SH   DFND 2 5,833 0 0
United Technologies Corp Unit UNIT 99/99/9999 913017117 296 5,000 SH   DFND 2 0 0 5,000
Vanguard Natural Resources LLC COM UNIT 92205F106 5,423 194,386 SH   DFND 2 194,386 0 0
Verizon Communications COM 92343V104 257 5,106 SH   DFND 2 5,106 0 0
Vodafone Group Plc New Sponsored ADR New SPONS ADR NEW 92857W209 287 10,000 SH   DFND 2 0 0 10,000
Walgreen Co Com COM 931422109 663 15,000 SH   DFND 2 0 0 15,000
Walt Disney Co. COM DISNEY 254687106 947 15,000 SH   DFND 2 0 0 15,000
Wells Fargo & Co New Com COM 949746101 619 15,000 SH   DFND 2 0 0 15,000
Wells Fargo & Co New Com COM 949746101 273 6,637 SH   DFND 2 6,637 0 0
Western Gas Partners L.P. COM UNIT LP IN 958254104 3,957 60,981 SH   DFND 2 60,981 0 0
Whole Foods Mkt Inc Com COM 966837106 308 6,000 SH   DFND 2 0 0 6,000
Williams Partners Common Unit LP COM UNIT L P 96950F104 4,770 92,450 SH   DFND 2 92,450 0 0
Wisdomtree Tr Japan Hedged Equity Fund JAPN HEDGE EQT 97717W851 29,975 657,220 SH   DFND 2 657,220 0 0
Consumer Staples SPDF Fund COM 81369Y308 5,618 544,606 SH   DFND 2 544,606 0 0