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
3M Company COM 88579Y101 472 3,059 SH   SOLE   3,059 0 0
ADT Corporation COM 00101j106 238 7,100 SH   SOLE   7,100 0 0
AFLAC Inc COM 001055102 224 3,600 SH   SOLE   3,600 0 0
AIG Warrants Expire 1/19/2021 COM 026874156 727 26,226 SH   SOLE   26,226 0 0
AT&T, Inc. COM 00206R102 1,103 31,046 SH   SOLE   31,046 0 0
Aetna Inc New COM 00817Y108 548 4,301 SH   SOLE   4,301 0 0
Agilent Technologies Inc COM 00846U101 210 5,436 SH   SOLE   5,436 0 0
Alcatel-Lucent (ADR) COM 013904305 195 53,926 SH   SOLE   53,926 0 0
Altria Group Inc COM 02209S103 251 5,135 SH   SOLE   5,135 0 0
Amazon.com, Inc. COM 023135106 479 1,104 SH   SOLE   1,104 0 0
American Express Company COM 025816109 1,304 16,784 SH   SOLE   16,784 0 0
American International Group N COM 026874784 2,211 35,759 SH   SOLE   35,759 0 0
Amgen Inc. COM 031162100 612 3,986 SH   SOLE   3,986 0 0
Apple Inc COM 037833100 3,906 31,143 SH   SOLE   31,143 0 0
Applied Materials Inc COM 038222105 271 14,100 SH   SOLE   14,100 0 0
Avis Budget Group Inc COM 053774105 394 8,940 SH   SOLE   8,940 0 0
Banco Santander, S.A. (ADR) COM 05964h105 520 74,186 SH   SOLE   74,186 0 0
Bank of America Corp COM 060505104 3,177 186,653 SH   SOLE   186,653 0 0
Becton Dickinson & Co COM 075887109 655 4,622 SH   SOLE   4,622 0 0
Berkshire Hathaway Cl B COM 084670702 1,306 9,595 SH   SOLE   9,595 0 0
Berkshire Hathaway Inc. 1/100t COM 084670108 205 100 SH   SOLE   100 0 0
Blackstone Group LP COM 09253U108 3,771 92,275 SH   SOLE   92,275 0 0
Boeing Co COM 097023105 801 5,775 SH   SOLE   5,775 0 0
Bristol-Myers Squibb Co. COM 110122108 1,236 18,570 SH   SOLE   18,570 0 0
CBS Corp Cl B New COM 124857202 288 5,190 SH   SOLE   5,190 0 0
CVS Caremark Corp COM 126650100 708 6,750 SH   SOLE   6,750 0 0
Carlyle Group COM 14309l102 2,899 103,000 SH   SOLE   103,000 0 0
Caterpillar Inc COM 149123101 542 6,395 SH   SOLE   6,395 0 0
Charles Schwab Corp. COM 808513105 1,562 47,846 SH   SOLE   47,846 0 0
Chesapeake Energy Corp COM 165167107 919 82,270 SH   SOLE   82,270 0 0
Chevron Corp COM 166764100 631 6,540 SH   SOLE   6,540 0 0
Cisco Systems Inc COM 17275R102 1,747 63,617 SH   SOLE   63,617 0 0
Citigroup Inc COM 172967424 2,331 42,189 SH   SOLE   42,189 0 0
Coach Inc COM 189754104 39,137 1,130,809 SH   SOLE   1,130,809 0 0
Coca-Cola Co. COM 191216100 213 5,429 SH   SOLE   5,429 0 0
Comcast Corp New Cl A COM 20030N101 2,158 35,884 SH   SOLE   35,884 0 0
ConocoPhillips COM 20825C104 830 13,517 SH   SOLE   13,517 0 0
Corning Inc COM 219350105 209 10,600 SH   SOLE   10,600 0 0
Costco Wholesale Corp New COM 22160K105 1,184 8,770 SH   SOLE   8,770 0 0
DIRECTV Cl A COM 25490a309 679 7,319 SH   SOLE   7,319 0 0
Diageo Plc New (ADR) COM 25243Q205 275 2,370 SH   SOLE   2,370 0 0
Discovery Communications Ser C COM 25470F302 592 19,062 SH   SOLE   19,062 0 0
Dow Chemical Company COM 260543103 211 4,130 SH   SOLE   4,130 0 0
EMC Corp. COM 268648102 974 36,920 SH   SOLE   36,920 0 0
Expedia Inc COM 30212p303 252 2,300 SH   SOLE   2,300 0 0
Exxon Mobil Corp COM 30231G102 746 8,965 SH   SOLE   8,965 0 0
FedEx Corp. COM 31428X106 1,995 11,705 SH   SOLE   11,705 0 0
Federal Realty Investment Trus COM 313747206 302 2,360 SH   SOLE   2,360 0 0
General Electric Company COM 369604103 3,790 142,656 SH   SOLE   142,656 0 0
GlaxoSmithKline Plc (ADR) COM 37733W105 472 11,332 SH   SOLE   11,332 0 0
Goldman Sachs Group Inc COM 38141G104 424 2,030 SH   SOLE   2,030 0 0
Google Inc Cl A COM 38259P508 273 506 SH   SOLE   506 0 0
Google Inc Cl C COM 38259P706 291 559 SH   SOLE   559 0 0
HSBC Hldgs PLC (ADR)New COM 404280406 318 7,103 SH   SOLE   7,103 0 0
Hewlett-Packard Company COM 428236103 2,170 72,317 SH   SOLE   72,317 0 0
Home Depot Inc COM 437076102 2,718 24,455 SH   SOLE   24,455 0 0
Honda Motor Co Ltd (ADR) COM 438128308 307 9,468 SH   SOLE   9,468 0 0
Honeywell International COM 438516106 1,411 13,837 SH   SOLE   13,837 0 0
Host Hotels & Resorts, Inc. COM 44107P104 688 34,698 SH   SOLE   34,698 0 0
Humana Inc COM 444859102 727 3,800 SH   SOLE   3,800 0 0
Intel Corp COM 458140100 2,070 68,067 SH   SOLE   68,067 0 0
International Bancshares Corp. COM 459044103 13,852 515,525 SH   SOLE   515,525 0 0
International Business Machine COM 459200101 1,300 7,990 SH   SOLE   7,990 0 0
JP Morgan Warrants Exp. 10/28/ COM 46634e114 642 25,950 SH   SOLE   25,950 0 0
JPMorgan Chase & Co COM 46625H100 2,377 35,074 SH   SOLE   35,074 0 0
Johnson & Johnson COM 478160104 1,466 15,046 SH   SOLE   15,046 0 0
KKR & Co. LP Del Com Units COM 48248m102 2,258 98,825 SH   SOLE   98,825 0 0
Koninklijke Philips Electronic COM 500472303 1,001 39,319 SH   SOLE   39,319 0 0
Level 3 Communications COM 52729n308 509 9,664 SH   SOLE   9,664 0 0
Lockheed Martin Corp COM 539830109 843 4,535 SH   SOLE   4,535 0 0
Lowe's Companies, Inc. COM 548661107 861 12,850 SH   SOLE   12,850 0 0
Marsh & McLennan Companies, In COM 571748102 496 8,750 SH   SOLE   8,750 0 0
McDonald's Corp. COM 580135101 1,257 13,220 SH   SOLE   13,220 0 0
McKesson Corp. COM 58155Q103 568 2,528 SH   SOLE   2,528 0 0
Medtronic Inc. COM g5960L103 488 6,590 SH   SOLE   6,590 0 0
Merck & Co Inc New COM 58933Y105 380 6,675 SH   SOLE   6,675 0 0
Microsoft Corp COM 594918104 2,454 55,572 SH   SOLE   55,572 0 0
Monsanto Company COM 61166W101 491 4,610 SH   SOLE   4,610 0 0
Morgan Stanley COM 617446448 277 7,140 SH   SOLE   7,140 0 0
Movado Group Inc. COM 624580106 272 10,000 SH   SOLE   10,000 0 0
Mylan Inc COM n59465109 244 3,600 SH   SOLE   3,600 0 0
Newmont Mining Corp COM 651639106 237 10,150 SH   SOLE   10,150 0 0
Nike Inc Cl B COM 654106103 356 3,300 SH   SOLE   3,300 0 0
Nokia Corp (ADR) COM 654902204 96 13,998 SH   SOLE   13,998 0 0
Novartis AG (ADR) COM 66987V109 432 4,395 SH   SOLE   4,395 0 0
Oracle Corp COM 68389X105 2,092 51,900 SH   SOLE   51,900 0 0
PNC Financial Services Group, COM 693475105 335 3,500 SH   SOLE   3,500 0 0
Pepsico, Inc. COM 713448108 546 5,845 SH   SOLE   5,845 0 0
Petroleo Brasileiro SA (ADR) COM 71654V408 188 20,800 SH   SOLE   20,800 0 0
Pfizer, Inc. COM 717081103 1,646 49,100 SH   SOLE   49,100 0 0
Philip Morris International In COM 718172109 519 6,478 SH   SOLE   6,478 0 0
Potash Corporation of Saskatch COM 73755L107 229 7,400 SH   SOLE   7,400 0 0
Procter & Gamble COM 742718109 1,746 22,318 SH   SOLE   22,318 0 0
Qualcomm Inc COM 747525103 504 8,050 SH   SOLE   8,050 0 0
SAP AG (ADR) COM 803054204 598 8,509 SH   SOLE   8,509 0 0
Sanofi Aventis (ADR) COM 80105N105 330 6,665 SH   SOLE   6,665 0 0
Schlumberger Ltd F COM 806857108 370 4,296 SH   SOLE   4,296 0 0
Sony Corp. (ADR) COM 835699307 1,238 43,597 SH   SOLE   43,597 0 0
State Street Corp COM 857477103 246 3,200 SH   SOLE   3,200 0 0
TE Connectivity Ltd. F COM h84989104 1,006 15,650 SH   SOLE   15,650 0 0
Telefonica SA (ADR) COM 879382208 891 62,766 SH   SOLE   62,766 0 0
Teva Pharmaceutical Industries COM 881624209 1,963 33,217 SH   SOLE   33,217 0 0
The Walt Disney Co. COM 254687106 2,030 17,789 SH   SOLE   17,789 0 0
Thermo Fisher Scientific COM 883556102 435 3,350 SH   SOLE   3,350 0 0
Time Warner, Inc. COM 887317303 2,023 23,142 SH   SOLE   23,142 0 0
Toyota Motor Corp. (ADR) COM 892331307 532 3,980 SH   SOLE   3,980 0 0
Tyco International PLC Shares COM g91442106 492 12,795 SH   SOLE   12,795 0 0
UBS Group CHF0.10 COM H42097107 1,151 54,285 SH   SOLE   54,285 0 0
United Technologies Corp COM 913017109 539 4,856 SH   SOLE   4,856 0 0
UnitedHealth Group, Inc. COM 91324P102 3,428 28,101 SH   SOLE   28,101 0 0
Vale S.A. American Depositary COM 91912e105 144 24,500 SH   SOLE   24,500 0 0
Verizon Communications COM 92343V104 694 14,885 SH   SOLE   14,885 0 0
Viacom Inc Cl B New COM 92553P201 666 10,308 SH   SOLE   10,308 0 0
Visa, Inc. Cl A COM 92826C839 356 5,300 SH   SOLE   5,300 0 0
Vishay Intertechnology COM 928298108 344 29,440 SH   SOLE   29,440 0 0
WPP Plc (ADR) COM 92937A102 305 2,709 SH   SOLE   2,709 0 0
Wal-Mart Stores Inc COM 931142103 446 6,284 SH   SOLE   6,284 0 0
Waste Management Inc. COM 94106L109 278 6,000 SH   SOLE   6,000 0 0
Wells Fargo & Co New COM 949746101 2,058 36,597 SH   SOLE   36,597 0 0
Whole Foods Market Inc COM 966837106 229 5,800 SH   SOLE   5,800 0 0
Yahoo! Inc. COM 984332106 558 14,190 SH   SOLE   14,190 0 0
Yum! Brands, Inc. COM 988498101 1,582 17,564 SH   SOLE   17,564 0 0
eBay, Inc. COM 278642103 1,580 26,225 SH   SOLE   26,225 0 0
Capital Acquisition Corp. II W COM 14056V113 23 10,000 SH   SOLE   10,000 0 0
DB X-Trackers MSCI Europe UCIT COM 233051853 870 14,850 SH   SOLE   14,850 0 0
Direxion Daily Financial Bull COM 25459y694 376 12,000 SH   SOLE   12,000 0 0
Energy Select Sector SPDR COM 81369Y506 629 8,375 SH   SOLE   8,375 0 0
Financial Select Sector SPDR COM 81369Y605 597 24,500 SH   SOLE   24,500 0 0
First Trust ISE-Revere Natural COM 33734j102 7,267 769,035 SH   SOLE   769,035 0 0
Global X Silver Miners ETF COM 37950E853 2,154 251,975 SH   SOLE   251,975 0 0
Health Care Sector Select SPDR COM 81369Y209 409 5,500 SH   SOLE   5,500 0 0
IShares S&P Global Technology COM 464287291 4,583 47,905 SH   SOLE   47,905 0 0
Industrial Select Sector SPDR COM 81369y704 473 8,750 SH   SOLE   8,750 0 0
Market Vectors Gold Miners ETF COM 57060u100 1,019 57,400 SH   SOLE   57,400 0 0
Materials Select Sector SPDR E COM 81369Y100 221 4,575 SH   SOLE   4,575 0 0
Mexico Fund Inc COM 592835102 254 12,004 SH   SOLE   12,004 0 0
PowerShares Global Listed Priv COM 73935x195 330 28,500 SH   SOLE   28,500 0 0
PowerShares KBW Bank ETF COM 73937b746 9,507 239,160 SH   SOLE   239,160 0 0
PowerShares KBW Regional Banki COM 73937b712 1,317 29,975 SH   SOLE   29,975 0 0
PowerShares Water Resources COM 73935X575 354 14,200 SH   SOLE   14,200 0 0
Powershares QQQ Trust Series 1 COM 73935A104 11,989 111,976 SH   SOLE   111,976 0 0
ProShares Ultra Pro S&P500 COM 74347x864 398 6,000 SH   SOLE   6,000 0 0
Royce Value Trust Inc COM 780910105 142 10,311 SH   SOLE   10,311 0 0
SPDR DJ Euro Stoxx 50 ETF COM 78463x202 333 8,900 SH   SOLE   8,900 0 0
SPDR DJ International Real Est COM 78463X863 215 5,145 SH   SOLE   5,145 0 0
SPDR Dow Jones Global Real Est COM 78463x749 385 8,403 SH   SOLE   8,403 0 0
SPDR Dow Jones Industrial Aver COM 78467x109 578 3,285 SH   SOLE   3,285 0 0
SPDR KBW Bank ETF COM 78464A797 463 12,762 SH   SOLE   12,762 0 0
SPDR KBW Regional Banking ETF COM 78464A698 786 17,800 SH   SOLE   17,800 0 0
SPDR S&P 500 Index ETF COM 78462F103 613 2,976 SH   SOLE   2,976 0 0
SPDR S&P Homebuilders ETF COM 78464a888 1,068 29,165 SH   SOLE   29,165 0 0
SPDR S&P Metals & Mining ETF COM 78464A755 270 11,100 SH   SOLE   11,100 0 0
SPDR S&P MidCap 400 ETF COM 78467Y107 347 1,270 SH   SOLE   1,270 0 0
SPDR S&P Oil & Gas Explor & Pr COM 78464A730 3,236 69,361 SH   SOLE   69,361 0 0
Schwab Emerging Markets Equity COM 808524706 234 9,531 SH   SOLE   9,531 0 0
Schwab Fundamental Intl. Large COM 808524755 330 12,318 SH   SOLE   12,318 0 0
Schwab Fundamental US Broad Mk COM 808524789 977 32,962 SH   SOLE   32,962 0 0
Schwab US Large-Cap ETF COM 808524201 391 7,935 SH   SOLE   7,935 0 0
Swiss Helvetia Fund COM 870875101 143 12,227 SH   SOLE   12,227 0 0
Technology Select Sector SPDR COM 81369Y803 430 10,388 SH   SOLE   10,388 0 0
Vanguard Emerging Markets ETF COM 922042858 1,811 44,290 SH   SOLE   44,290 0 0
Vanguard European ETF COM 922042874 655 12,133 SH   SOLE   12,133 0 0
Vanguard Extended Market Index COM 922908652 2,516 27,354 SH   SOLE   27,354 0 0
Vanguard FTSE All World Ex-US COM 922042775 2,132 43,905 SH   SOLE   43,905 0 0
Vanguard FTSE Developed Market COM 921943858 282 7,110 SH   SOLE   7,110 0 0
Vanguard Financials ETF COM 92204A405 4,112 82,786 SH   SOLE   82,786 0 0
Vanguard Growth ETF COM 922908736 794 7,416 SH   SOLE   7,416 0 0
Vanguard High Dividend Yield E COM 921946406 249 3,700 SH   SOLE   3,700 0 0
Vanguard Index Trust Small-Cap COM 922908595 208 1,550 SH   SOLE   1,550 0 0
Vanguard Mega Cap 300 Index ET COM 921910873 4,733 67,330 SH   SOLE   67,330 0 0
Vanguard MegaCap 300 Value Ind COM 921910840 2,029 33,885 SH   SOLE   33,885 0 0
Vanguard MegaCap300 Growth Ind COM 921910816 5,438 65,547 SH   SOLE   65,547 0 0
Vanguard Mid-Cap ETF COM 922908629 4,112 32,268 SH   SOLE   32,268 0 0
Vanguard Mid-Cap Growth ETF COM 922908538 1,211 11,360 SH   SOLE   11,360 0 0
Vanguard Mid-Cap Value ETF COM 922908512 1,468 16,210 SH   SOLE   16,210 0 0
Vanguard REIT ETF COM 922908553 417 5,580 SH   SOLE   5,580 0 0
Vanguard Small-Cap ETF COM 922908751 395 3,250 SH   SOLE   3,250 0 0
Vanguard Total World Stock ETF COM 922042742 330 5,369 SH   SOLE   5,369 0 0
Vanguard Value ETF COM 922908744 755 9,052 SH   SOLE   9,052 0 0
WisdomTree Dividend Ex-Financi COM 97717W406 290 3,945 SH   SOLE   3,945 0 0
WisdomTree Equity Income ETF COM 97717W208 268 4,500 SH   SOLE   4,500 0 0
WisdomTree Mid-Cap Dividend Fu COM 97717w505 207 2,500 SH   SOLE   2,500 0 0
iShares DJ US Home Constructio COM 464288752 6,703 244,201 SH   SOLE   244,201 0 0
iShares MSCI Brazil Index ETF COM 464286400 1,902 58,050 SH   SOLE   58,050 0 0
iShares MSCI EAFE Value Index COM 464288877 329 6,280 SH   SOLE   6,280 0 0
iShares MSCI EMU Index Fund ET COM 464286608 685 18,250 SH   SOLE   18,250 0 0
iShares MSCI Emerging Markets COM 464287234 250 6,300 SH   SOLE   6,300 0 0
iShares MSCI Japan Index ETF COM 464286848 567 44,280 SH   SOLE   44,280 0 0
iShares Russell 1000 Growth In COM 464287614 1,068 10,784 SH   SOLE   10,784 0 0
iShares Russell 1000 Value Ind COM 464287598 676 6,550 SH   SOLE   6,550 0 0
iShares Russell 2000 Index ETF COM 464287655 332 2,655 SH   SOLE   2,655 0 0
iShares Russell 2000 Value Ind COM 464287630 569 5,580 SH   SOLE   5,580 0 0
iShares Russell 3000 Index Fun COM 464287689 363 2,925 SH   SOLE   2,925 0 0
iShares Russell Midcap Growth COM 464287481 584 6,030 SH   SOLE   6,030 0 0
iShares Russell Midcap Value I COM 464287473 741 10,050 SH   SOLE   10,050 0 0
iShares S&P 100 Index ETF COM 464287101 988 10,875 SH   SOLE   10,875 0 0
iShares S&P Euro 350 Index Fun COM 464287861 380 8,700 SH   SOLE   8,700 0 0