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
Estimated average burden
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
Abbott Laboratories COM 2824100 233 7,050 SH   DFND 2 7,050 0 0
Abbvie Inc USD COM 00287Y109 305 6,827 SH   DFND 2 6,827 0 0
Access Midstream Partners L P Unit UNIT 00434L109 10,589 219,195 SH   DFND 2 219,195 0 0
Aflac Inc Com COM 1055102 223 3,605 SH   DFND 2 3,605 0 0
Alliance Resource Partners L P Unit Ltd Partner Int UT LTD PART 01877R108 9,736 131,345 SH   DFND 2 131,345 0 0
Amlin Ord GBP SPONSORED ADR G0334Q177 291 44,444 SH   DFND 2 44,444 0 0
Ansys Inc. COM 03662Q105 283 3,276 SH   DFND 2 3,276 0 0
Apple Computer Inc COM 37833100 856 1,796 SH   DFND 2 1,796 0 0
AT & T Inc COM 00206R102 254 7,530 SH   DFND 2 7,530 0 0
Baillie Gifford Shin Nippon Plc SPONSORED ADR G81067103 114 23,000 SH   DFND 2 23,000 0 0
Chevron Corp COM 166764100 1,046 8,617 SH   DFND 2 8,617 0 0
Coca-cola Co Com COM 191216100 381 10,060 SH   DFND 2 10,060 0 0
Conoco Phillips COM 20825C104 586 8,440 SH   DFND 2 8,440 0 0
Consolidated Edison Inc COM 209115104 509 9,236 SH   DFND 2 9,236 0 0
Credit Suisse Cushing 30 MLP Index ETN EQL WGT MLP LKD 22542D852 21,343 728,450 SH   DFND 2 728,450 0 0
CSX Corp COM 126408103 199 7,767 SH   DFND 2 7,767 0 0
DoubleLine Income Solutions Fund Common COM 258622109 11,370 526,004 SH   DFND 2 526,004 0 0
El Paso Pipeline Partners L P Common Unit Ltd Partnership Int COM UNIT LPI 283702108 10,222 242,126 SH   DFND 2 242,126 0 0
Enbridge Energy Partners, L.P. COM 29250R106 8,825 289,844 SH   DFND 2 289,844 0 0
Energy Transfer Equity L P Common Unit Ltd Partnership COM UT LTD PTN 29273V100 13,108 199,281 SH   DFND 2 199,281 0 0
Energy Transfer Partners L.P. UNIT LTD PARTN 29273R109 217 4,177 SH   DFND 2 4,177 0 0
Enterprise Products Partners LP COM 293792107 22,067 361,520 SH   DFND 2 361,520 0 0
Ev Energy Partners, LP COM UNITS 26926V107 3,918 105,661 SH   DFND 2 105,661 0 0
Exxon Mobil Corp COM 30231G102 3,074 35,734 SH   DFND 2 35,734 0 0
Falconstor Software Inc Common COM 306137100 42 31,958 SH   DFND 2 31,958 0 0
Fedex Corp Com COM 31428X106 261 2,295 SH   DFND 2 2,295 0 0
First Trust Energy Income & Growth COM 33738G104 16,540 517,006 SH   DFND 2 517,006 0 0
First Trust MLP and Energy Income Fund COM 33739B104 3,766 192,258 SH   DFND 2 192,258 0 0
General Electric COM 369604103 1,587 66,455 SH   DFND 2 66,455 0 0
Illinois Tool Wks Inc Com COM 452308109 272 3,573 SH   DFND 2 3,573 0 0
International Business Machines Corp. COM 459200101 573 3,095 SH   DFND 2 3,095 0 0
iShares MSCI EAFE Index MSCI EAFE ETF 464287465 979 15,356 SH   DFND 2 15,356 0 0
iShares S & P Europe Index EUROPE ETF 464287861 724 16,411 SH   DFND 2 16,411 0 0
iShares S&P 500 Growth Index Fund S&P 500 GRWT ETF 464287309 68,836 807,912 SH   DFND 2 807,912 0 0
Ishares Tr S&p Gssi Technology Index Fund N AMER TECH ETF 464287549 577 7,233 SH   DFND 2 7,233 0 0
Johnson & Johnson COM 478160104 2,632 30,363 SH   DFND 2 30,363 0 0
JPMorgan Alerian MLP ETN ALERIAN ML ETN 46625H365 1,642 37,174 SH   DFND 2 37,174 0 0
Jpmorgan Chase & Co COM 46625H100 490 9,487 SH   DFND 2 9,487 0 0
Kayne Energy MLP Investment CO COM 486606106 1,474 41,133 SH   DFND 2 41,133 0 0
Kinder Morgan Energy Partners L P UT LTD PARTNER 494550106 21,810 273,209 SH   DFND 2 273,209 0 0
Magellan Midstream Partners LP COM UNIT RP LP 559080106 10,752 190,538 SH   DFND 2 190,538 0 0
Market Vectors Oil Services OIL SVCS ETF 57060U191 1,061 22,542 SH   DFND 2 22,542 0 0
McDonalds Corp Com COM 580135101 235 2,451 SH   DFND 2 2,451 0 0
Nustar Energy L.P. UNIT COM 67058H102 3,967 98,910 SH   DFND 2 98,910 0 0
Oneok Partners LP UNIT LTD PARTN 68268N103 13,615 256,842 SH   DFND 2 256,842 0 0
Pfizer Inc. COM 717081103 482 16,794 SH   DFND 2 16,794 0 0
Phillip Morris International, Inc. COM 718172109 407 4,702 SH   DFND 2 4,702 0 0
Phillips 66 Common COM 718546104 318 5,516 SH   DFND 2 5,516 0 0
Pioneer Southwest Energy LP UNIT LP INT 72388B106 8,341 188,591 SH   DFND 2 188,591 0 0
Plains All American Pipeline, L.P. UNIT LTD PARTN 726503105 12,659 240,410 SH   DFND 2 240,410 0 0
Procter & Gamble Co. COM 742718109 709 9,383 SH   DFND 2 9,383 0 0
Royal Dutch Shell Petroleum ADR SPONS ADR A 780259206 299 4,566 SH   DFND 2 4,566 0 0
Sector Spdr Energy Select SBI INT-ENERGY 81369Y506 1,171 14,127 SH   DFND 2 14,127 0 0
Select Sector Spdr Tr Health Care SBI HEALTHCARE 81369Y209 348 6,884 SH   DFND 2 6,884 0 0
Select Sector SPDR: Consumer Staples SBI CONS STPLS 81369Y308 120,684 3,044,038 SH   DFND 2 3,044,038 0 0
SPDR Gold Trust GOLD SHS 78463V107 72,772 567,741 SH   DFND 2 567,741 0 0
Spectra Energy Partners Lp Common COM 84756N109 12,782 291,311 SH   DFND 2 291,311 0 0
Targa Resources Partners LP COM UNIT 87611X105 7,338 142,580 SH   DFND 2 142,580 0 0
Tc Pipelines Lp Unit Common Ltd Partnership Int UT COM LTD PRT 87233Q108 7,905 162,327 SH   DFND 2 162,327 0 0
Teekay Lng Partners L.p. Partnership Units PRTNRSP UNITS Y8564M105 6,237 141,406 SH   DFND 2 141,406 0 0
The Williams Co Inc COM 969457100 5,467 150,375 SH   DFND 2 150,375 0 0
United Technologies Co COM 913017109 509 4,728 SH   DFND 2 4,728 0 0
Vanguard Natural Resources LLC COM UNIT 92205F106 6,021 215,191 SH   DFND 2 215,191 0 0
Verizon Communications COM 92343V104 238 5,106 SH   DFND 2 5,106 0 0
Wells Fargo & Co New Com COM 949746101 274 6,637 SH   DFND 2 6,637 0 0
Western Gas Partners L.P. COM UNIT LP IN 958254104 3,921 65,221 SH   DFND 2 65,221 0 0
Williams Partners Common Unit LP COM UNIT L P 96950F104 4,215 79,715 SH   DFND 2 79,715 0 0
Wisdomtree Tr Japan Hedged Equity Fund JAPN HEDGE EQT 97717W851 36,989 771,772 SH   DFND 2 771,772 0 0