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
A T & T Corporation COM 00206R102 2,169 75,988 SH   SOLE   69,844 0 6,144
Accenture plc SHS CLASS A G1151C101 2,726 19,331 SH   SOLE   16,316 0 3,015
Alphabet, Inc. Cl A CAP STK CL A 02079K305 1,696 1,623 SH   SOLE   1,411 0 212
Alphabet, Inc. Cl C CAP STK CL C 02079K107 2,801 2,704 SH   SOLE   2,230 0 474
American Express Co. COM 025816109 406 4,250 SH   SOLE   3,825 0 425
Apple, Inc. COM 037833100 684 4,335 SH   SOLE   3,075 0 1,260
Bank of America Corporation COM 060505104 4,887 198,323 SH   SOLE   168,053 0 30,270
Berkshire Hathaway A CL A 084670108 612 2 SH   SOLE   2 0 0
BlackRock Corporation High Yield Fund VI COM 09255P107 329 35,387 SH   SOLE   27,137 0 8,250
BlackRock, Inc. COM 09247X101 3,558 9,057 SH   SOLE   7,742 0 1,315
Blackstone Mortgage Trust COM CL A 09257W1D0 3,592 112,736 SH   SOLE   96,116 0 16,620
Boeing Co. COM 097023105 360 1,116 SH   SOLE   1,046 0 70
Broadcom Inc. COM 11135F101 1,404 5,518 SH   SOLE   5,059 0 459
C S X Corporation COM 126408103 441 7,090 SH   SOLE   7,090 0 0
Carnival Corporation UNIT 99/99/9999 143658300 1,642 33,295 SH   SOLE   28,280 0 5,015
Celgene Corporation COM 151020104 419 6,531 SH   SOLE   5,181 0 1,350
Chevron Corporation COM 166764100 2,241 20,598 SH   SOLE   19,133 0 1,465
Cisco Systems, Inc. COM 17275R102 1,404 32,388 SH   SOLE   28,233 0 4,155
Cohen & Steers REIT & Preferred Income Fund, Inc. COM 19247X100 428 24,020 SH   SOLE   21,940 0 2,080
Eaton Corporation plc SHS G29183103 2,545 37,053 SH   SOLE   31,599 0 5,454
Edwards Lifesciences COM 28176E108 710 4,630 SH   SOLE   4,230 0 400
Exxon Mobil Corporation COM 30231G102 2,298 33,698 SH   SOLE   29,198 0 4,500
General Mills COM 370334104 522 13,400 SH   SOLE   12,400 0 1,000
General Motors Corporation COM 37045V100 1,815 54,239 SH   SOLE   49,112 0 5,127
Gilead Sciences COM 375558103 709 11,327 SH   SOLE   8,997 0 2,330
Global Payments, Inc. COM 37940X102 2,951 28,614 SH   SOLE   25,664 0 2,950
Health Care Select Sector SPDR SBI HEALTHCARE 81369Y209 309 3,565 SH   SOLE   3,295 0 270
Honeywell International, Inc. COM 438516106 550 4,161 SH   SOLE   4,161 0 0
HSBC Holdings plc SPON ADR NEW 404280406 3,050 74,190 SH   SOLE   64,060 0 10,130
Intel Corporation COM 458140100 6,088 129,714 SH   SOLE   116,511 0 13,203
International Business Machines COM 459200101 231 2,028 SH   SOLE   1,702 0 326
Invesco China Small Cap ETF CHINA SMALL CP 46138E701 2,036 89,554 SH   SOLE   75,929 0 13,625
Invesco Emerging Markets Sovereign Debt ETF EMRNG MKT SVRG 46138E784 3,727 141,044 SH   SOLE   122,083 0 18,961
Invesco Senior Loan ETF SR LN ETF 46138G508 732 33,604 SH   SOLE   26,496 0 7,108
iShares Barclays TIPS Bond TIPS BD ETF 464287176 578 5,272 SH   SOLE   4,572 0 700
iShares China 25 Index CHINA LG-CAP ETF 464287184 983 25,134 SH   SOLE   19,874 0 5,260
iShares Core Total Aggregate US Bond CORE US AGGBD ET 464287226 495 4,644 SH   SOLE   4,144 0 500
iShares MSCI Emerging Markets Fund MSCI EMG MKT ETF 464287234 460 11,755 SH   SOLE   10,855 0 900
iShares S&P 500 Index CORE S&P500 ETF 464287200 802 3,186 SH   SOLE   3,186 0 0
iShares S&P Small Cap 600 Core CORE S&P SCP ETF 464287804 214 3,082 SH   SOLE   3,082 0 0
iShares US Short Maturity Bond SHT MAT DB EFT 46431W507 257 5,152 SH   SOLE   5,152 0 0
Johnson & Johnson COM 478160104 3,960 30,683 SH   SOLE   26,461 0 4,222
Kinder Morgan, Inc. COM 49456B101 463 30,096 SH   SOLE   25,596 0 4,500
Linde plc COM G5494J103 2,881 18,461 SH   SOLE   15,408 0 3,053
Merck & Company, Inc. COM 58933Y105 5,050 66,083 SH   SOLE   57,543 0 8,540
MFS Multimarket Income Trust SH BEN INT 552737108 79 15,425 SH   SOLE   15,425 0 0
Microsoft Corporation COM 594918104 4,382 43,134 SH   SOLE   35,474 0 7,660
Mitsubishi UFJ Financial Group Inc. SPONSORED ADS 606822104 833 170,940 SH   SOLE   145,940 0 25,000
Mohawk Industries, Inc. COM 608190104 1,439 12,296 SH   SOLE   9,981 0 2,315
NXP Semiconductors N.V. COM N6596X109 1,404 19,156 SH   SOLE   16,256 0 2,900
Occidental Petroleum Corporation COM 674599105 1,466 23,869 SH   SOLE   19,128 0 4,741
Oracle Corporation COM 68389X105 2,376 52,620 SH   SOLE   46,395 0 6,225
PepsiCo, Inc. COM 713448108 511 4,618 SH   SOLE   4,618 0 0
Pfizer, Inc. COM 717081103 519 11,868 SH   SOLE   10,510 0 1,358
Philip Morris International, Inc. COM 718172109 222 3,318 SH   SOLE   2,763 0 555
PNC Financial Services Group, Inc. COM 693475105 205 1,753 SH   SOLE   1,753 0 0
Procter & Gamble COM 742718109 3,020 32,853 SH   SOLE   27,708 0 5,145
ProShares Short 20 Plus Year Treasury SHRT 20+ YR TRE 74347X849 1,590 70,990 SH   SOLE   61,190 0 9,800
Quest Diagnostics Inc. COM 74834L100 2,556 30,686 SH   SOLE   26,179 0 4,507
SPDR Citi Int'l Govt Infl-Protected Bond ETF FTSE INT GVT ETF 78464A490 4,583 88,068 SH   SOLE   72,708 0 15,360
SPDR Consumer Discret Select Sector SBI CONS DISCR 81369Y407 203 2,042 SH   SOLE   1,822 0 220
SPDR Energy Select Sector ETF ENERGY 81369Y506 292 5,086 SH   SOLE   4,916 0 170
SPDR Financial Select Sector Fund SBI INT-FINL 81369Y605 323 13,523 SH   SOLE   11,848 0 1,675
SPDR Industrial Select Sector SBI INT-INDS 81369Y704 235 3,641 SH   SOLE   3,341 0 300
SPDR S&P China S&P CHINA ETF 78463X400 1,503 17,719 SH   SOLE   15,347 0 2,372
SPDR Technology Select Sector TECHNOLOGY 81369Y803 453 7,308 SH   SOLE   6,533 0 775
STMicroelectronics N.V. NY REGISTRY 861012102 427 30,730 SH   SOLE   26,950 0 3,780
Sysco Corporation COM 871829107 249 3,960 SH   SOLE   3,960 0 0
Thermo Fisher Scientific COM 883556102 3,415 15,256 SH   SOLE   12,291 0 2,965
Total SA SPONSORED ADR 89151E109 1,732 33,179 SH   SOLE   28,844 0 4,335
UGI Corporation COM 902681105 287 5,364 SH   SOLE   5,364 0 0
United Parcel Service CL B 911312106 1,752 17,955 SH   SOLE   15,420 0 2,535
Vanguard Emerging Markets Stock ETF FTSE EMR MKT ETF 922042858 4,540 119,147 SH   SOLE   101,488 0 17,659
Vanguard European Stock ETF FTSE EUROPE ETF 922042874 2,261 46,491 SH   SOLE   38,824 0 7,667
Vanguard Total International Bond ETF INTL BD IDX ETF 92203J407 437 8,054 SH   SOLE   7,004 0 1,050
Verizon Communications COM 92343V104 551 9,788 SH   SOLE   8,838 0 950
Vodafone Group plc SPONSORED ADR 92857W308 1,318 68,356 SH   SOLE   58,538 0 9,818
W.P. Carey & Co. COM 92936U109 2,805 42,927 SH   SOLE   37,322 0 5,605
Xylem, Inc. COM 98419M100 2,532 37,940 SH   SOLE   33,365 0 4,575
Yum China Holdings Inc. COM 98850P109 255 7,604 SH   SOLE   7,604 0 0
Yum! Brands, Inc. COM 988498101 699 7,604 SH   SOLE   7,604 0 0