Chief Compliance Officer

0001140361-15-004248.txt : 20150205 0001140361-15-004248.hdr.sgml : 20150205 20150205124134 ACCESSION NUMBER: 0001140361-15-004248 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141231 FILED AS OF DATE: 20150205 DATE AS OF CHANGE: 20150205 EFFECTIVENESS DATE: 20150205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Baker Ellis Asset Management LLC CENTRAL INDEX KEY: 0001365559 IRS NUMBER: 752997594 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12091 FILM NUMBER: 15579078 BUSINESS ADDRESS: STREET 1: 1231 NW HOYT STREET STREET 2: SUITE 306 CITY: PORTLAND STATE: OR ZIP: 97204 BUSINESS PHONE: 503-227-5778 MAIL ADDRESS: STREET 1: 1231 NW HOYT STREET STREET 2: SUITE 306 CITY: PORTLAND STATE: OR ZIP: 97204 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001365559 XXXXXXXX 12-31-2014 12-31-2014 Baker Ellis Asset Management LLC

1231 NW Hoyt Street SUITE 306 PORTLAND OR 97204

13F HOLDINGS REPORT 028-12091 N Barnes Ellis Chief Compliance Officer 503-227-5778 /s/ Barnes Ellis Portland OR 02-03-2015 0 246 297896 false INFORMATION TABLE 2 form13fInfoTable.xml 3M Company COMMON STOCK 88579Y101 532 3238 SH SOLE NONE 3238 0 0 Abbott Laboratories COMMON STOCK 002824100 1808 40164 SH SOLE NONE 40164 0 0 AbbVie Inc. COMMON STOCK 00287Y109 1694 25882 SH SOLE NONE 25882 0 0 Aberdeen Asia-Pacific Income Fund ETF/ETN 003009107 200 36037 SH SOLE NONE 36037 0 0 ABM Industries COMMON STOCK 000957100 307 10700 SH SOLE NONE 10700 0 0 Accenture COMMON STOCK G1151C101 171 1917 SH SOLE NONE 1917 0 0 AGL Resources COMMON STOCK 654086107 1080 19809 SH SOLE NONE 19809 0 0 Alaska Air Group COMMON STOCK 011659109 299 5000 SH SOLE NONE 5000 0 0 Alexander & Baldwin COMMON STOCK 014491104 608 15489 SH SOLE NONE 15489 0 0 Altria Group COMMON STOCK 718154107 174 3534 SH SOLE NONE 3534 0 0 American Express COMMON STOCK 025816109 1349 14495 SH SOLE NONE 14495 0 0 AmerisourceBergen Corp COMMON STOCK 03073E105 4650 51579 SH SOLE NONE 51579 0 0 Amgen Inc COMMON STOCK 031162100 215 1347 SH SOLE NONE 1347 0 0 AmREIT, Inc. REIT 03216B208 167 6300 SH SOLE NONE 6300 0 0 Anadarko Pete Corp COMMON STOCK 032511107 291 3525 SH SOLE NONE 3525 0 0 Anheuser-Busch InBev COMMON STOCK 035229103 152 1350 SH SOLE NONE 1350 0 0 Apollo Commercial Real Estate COMMON STOCK 03762U105 676 41350 SH SOLE NONE 41350 0 0 Apple Computer COMMON STOCK 037833100 788 7141 SH SOLE NONE 7141 0 0 AptarGroup Inc COMMON STOCK 038336103 100 1500 SH SOLE NONE 1500 0 0 Archer Daniels Midland COMMON STOCK 039483102 538 10355 SH SOLE NONE 10355 0 0 Ares Cap Corp 7% Pfd. PREFERRED STOCK 04010L509 109 4300 SH SOLE NONE 4300 0 0 AT&T COMMON STOCK 00206R102 301 8973 SH SOLE NONE 8973 0 0 Automatic Data Processing COMMON STOCK 053015103 394 4725 SH SOLE NONE 4725 0 0 Avista Corp. COMMON STOCK 05379B107 465 13150 SH SOLE NONE 13150 0 0 Ball Corp COMMON STOCK 058498106 2184 32043 SH SOLE NONE 32043 0 0 Bank of America COMMON STOCK 060505104 217 12118 SH SOLE NONE 12118 0 0 Bank of New York Mellon COMMON STOCK 064058100 1952 48106 SH SOLE NONE 48106 0 0 Bank of Nova Scotia COMMON STOCK 064149107 1112 19478 SH SOLE NONE 19478 0 0 Baxter International COMMON STOCK 071813109 195 2655 SH SOLE NONE 2655 0 0 BCE COMMON STOCK 05534B760 257 5600 SH SOLE NONE 5600 0 0 Berkshire Hathaway Cl A COMMON STOCK 084670108 4294 19 SH SOLE NONE 19 0 0 Berkshire Hathaway Cl B COMMON STOCK 084670702 9989 66525 SH SOLE NONE 66525 0 0 Boeing COMMON STOCK 097023105 479 3687 SH SOLE NONE 3687 0 0 BP p.l.c. COMMON STOCK 055622104 339 8900 SH SOLE NONE 8900 0 0 Bristol Myers Squibb COMMON STOCK 110122108 1998 33853 SH SOLE NONE 33853 0 0 Brixmor Property Group Inc. COMMON STOCK 11120U105 901 36275 SH SOLE NONE 36275 0 0 Broadridge Financial Solutions COMMON STOCK 11133T103 300 6500 SH SOLE NONE 6500 0 0 Campbell Soup Company COMMON STOCK 134429109 331 7532 SH SOLE NONE 7532 0 0 Canadian Currency Tst ETF/ETN 23129X105 115 1350 SH SOLE NONE 1350 0 0 Canadian National Railway Co. COMMON STOCK 136375102 502 7282 SH SOLE NONE 7282 0 0 Canadian Pacific Railway COMMON STOCK 13645T100 102 529 SH SOLE NONE 529 0 0 Carriage Services COMMON STOCK 143905107 114 5450 SH SOLE NONE 5450 0 0 Cenovus Energy Inc. COMMON STOCK 15135U109 256 12401 SH SOLE NONE 12401 0 0 ChevronTexaco COMMON STOCK 166764100 1576 14050 SH SOLE NONE 14050 0 0 Clorox Company COMMON STOCK 189054109 542 5201 SH SOLE NONE 5201 0 0 Coca Cola Enterprises Inc COMMON STOCK 191219104 384 8695 SH SOLE NONE 8695 0 0 Coca-Cola Company COMMON STOCK 191216100 874 20692 SH SOLE NONE 20692 0 0 Comcast Corporation COMMON STOCK 20030N101 1184 20417 SH SOLE NONE 20417 0 0 Conoco Phillips COMMON STOCK 718507106 182 2630 SH SOLE NONE 2630 0 0 Cooper International Corp. COMMON STOCK 216640102 239 4778 SH SOLE NONE 4778 0 0 Corning Inc COMMON STOCK 219350105 117 5100 SH SOLE NONE 5100 0 0 Costco Wholesale COMMON STOCK 22160K105 890 6280 SH SOLE NONE 6280 0 0 Deere & Company COMMON STOCK 244199105 511 5776 SH SOLE NONE 5776 0 0 Dentsply Intl Inc COMMON STOCK 249030107 107 2000 SH SOLE NONE 2000 0 0 Devon Energy Corp COMMON STOCK 25179M103 129 2100 SH SOLE NONE 2100 0 0 Diageo PLC COMMON STOCK 25243Q205 215 1885 SH SOLE NONE 1885 0 0 Dominion Resources COMMON STOCK 25746U109 798 10377 SH SOLE NONE 10377 0 0 Dover Corp COMMON STOCK 260003108 212 2954 SH SOLE NONE 2954 0 0 Du Pont COMMON STOCK 263534109 2689 36370 SH SOLE NONE 36370 0 0 Duke Energy COMMON STOCK 264399106 216 2588 SH SOLE NONE 2588 0 0 Edwards Lifesciences COMMON STOCK 28176E108 127 1000 SH SOLE NONE 1000 0 0 Enbridge Inc COMMON STOCK 29250N105 118 2300 SH SOLE NONE 2300 0 0 Equity Residential COMMON STOCK 29476L107 223 3100 SH SOLE NONE 3100 0 0 Era Group Inc. COMMON STOCK 26885G109 163 7691 SH SOLE NONE 7691 0 0 Exelis Inc COMMON STOCK 30162A108 271 15473 SH SOLE NONE 15473 0 0 Express Scripts Holding Co. COMMON STOCK 302182100 144 1705 SH SOLE NONE 1705 0 0 Exxon Mobil COMMON STOCK 30231G102 1477 15977 SH SOLE NONE 15977 0 0 Facebook Inc COMMON STOCK 30303M102 179 2300 SH SOLE NONE 2300 0 0 Fedex Corp COMMON STOCK 31428X106 834 4800 SH SOLE NONE 4800 0 0 Fiat Chrysler Automobiles COMMON STOCK N31738102 897 77500 SH SOLE NONE 77500 0 0 Firstenergy Corp COMMON STOCK 337932107 125 3200 SH SOLE NONE 3200 0 0 Fiserv Inc COMMON STOCK 337733108 284 4000 SH SOLE NONE 4000 0 0 Fomento Economico Mexicano COMMON STOCK 344419106 1932 21946 SH SOLE NONE 21946 0 0 Ford Motor COMMON STOCK 345370860 611 39431 SH SOLE NONE 39431 0 0 Fourstar Group COMMON STOCK 346233109 241 15650 SH SOLE NONE 15650 0 0 Fresh Del Monte Produce COMMON STOCK G36738105 2591 77219 SH SOLE NONE 77219 0 0 General Electric COMMON STOCK 369604103 393 15568 SH SOLE NONE 15568 0 0 General Mills COMMON STOCK 370334104 5560 104260 SH SOLE NONE 104260 0 0 General Motors COMMON STOCK 37045V100 344 9850 SH SOLE NONE 9850 0 0 Genuine Parts COMMON STOCK 372460105 1651 15492 SH SOLE NONE 15492 0 0 GlaxoSmithKline Plc Adr COMMON STOCK 37733W105 128 3000 SH SOLE NONE 3000 0 0 Google Inc Cl A COMMON STOCK 38259P508 628 1184 SH SOLE NONE 1184 0 0 Google Inc Class C COMMON STOCK 38259P706 487 926 SH SOLE NONE 926 0 0 Hasbro COMMON STOCK 418056107 170 3100 SH SOLE NONE 3100 0 0 Health Care Property REIT 40414L109 152 3447 SH SOLE NONE 3447 0 0 Helmerich & Payne COMMON STOCK 423452101 297 4400 SH SOLE NONE 4400 0 0 Hersha Hospitality COMMON STOCK 427825104 453 64500 SH SOLE NONE 64500 0 0 Home Depot COMMON STOCK 437076102 698 6646 SH SOLE NONE 6646 0 0 Honeywell Intl. COMMON STOCK 438516106 1622 16231 SH SOLE NONE 16231 0 0 Hospira Inc COMMON STOCK 441060100 208 3400 SH SOLE NONE 3400 0 0 Humana Inc. COMMON STOCK 444859102 543 3782 SH SOLE NONE 3782 0 0 Imperial Oil Ltd. COMMON STOCK 453038408 1508 35044 SH SOLE NONE 35044 0 0 Ingles Markets, Inc. COMMON STOCK 457030104 2800 75482 SH SOLE NONE 75482 0 0 Ingram Micro Inc COMMON STOCK 457153104 337 12200 SH SOLE NONE 12200 0 0 Intl Paper Co. COMMON STOCK 460146103 4006 74773 SH SOLE NONE 74773 0 0 Investors Title COMMON STOCK 461804106 558 7650 SH SOLE NONE 7650 0 0 iShares Currency Hedged MSCI G ETF/ETN 46434V704 1777 75500 SH SOLE NONE 75500 0 0 iShares DJ US Oil Equip & Svcs ETF/ETN 464288844 356 7120 SH SOLE NONE 7120 0 0 iShares Global Telecom Fd ETF/ETN 464287275 1270 21129 SH SOLE NONE 21129 0 0 iShares Hong Kong Index Fd ETF/ETN 464286871 196 9525 SH SOLE NONE 9525 0 0 iShares MSCI All Country World ETF/ETN 464286525 1757 25520 SH SOLE NONE 25520 0 0 iShares Msci Germany Index Fd ETF/ETN 464286806 223 8136 SH SOLE NONE 8136 0 0 iShares MSCI South Korea Index ETF/ETN 464286772 102 1850 SH SOLE NONE 1850 0 0 iShares Russell 1000 ETF/ETN 464287622 126 1096 SH SOLE NONE 1096 0 0 iShares Russell 1000 Growth In ETF/ETN 464287614 105 1096 SH SOLE NONE 1096 0 0 iShares Russell 1000 Value Ind ETF/ETN 464287598 214 2045 SH SOLE NONE 2045 0 0 iShares Russell Midcap Index ETF/ETN 464287499 218 1303 SH SOLE NONE 1303 0 0 iShares Russell Midcap Value I ETF/ETN 464287473 307 4164 SH SOLE NONE 4164 0 0 iShares Singapore Index Fd ETF/ETN 464286673 4139 316473 SH SOLE NONE 316473 0 0 iShares Taiwan Index Fd ETF/ETN 464286731 198 13126 SH SOLE NONE 13126 0 0 ITT Corporation COMMON STOCK 450911102 1575 38916 SH SOLE NONE 38916 0 0 J P Morgan Chase COMMON STOCK 46625H100 670 10705 SH SOLE NONE 10705 0 0 JM Smucker COMMON STOCK 832696405 305 3025 SH SOLE NONE 3025 0 0 John Bean Technologies COMMON STOCK 477839104 2094 63717 SH SOLE NONE 63717 0 0 Johnson & Johnson COMMON STOCK 478160104 3187 30473 SH SOLE NONE 30473 0 0 Kimberly Clark COMMON STOCK 494368103 1847 15987 SH SOLE NONE 15987 0 0 Kraft Foods Group COMMON STOCK 50076Q106 211 3367 SH SOLE NONE 3367 0 0 Kroger COMMON STOCK 501044101 10053 156571 SH SOLE NONE 156571 0 0 Laboratory Corp of America Hol COMMON STOCK 50540R409 453 4200 SH SOLE NONE 4200 0 0 Liberty Global Inc Com Ser C COMMON STOCK 530555309 188 3900 SH SOLE NONE 3900 0 0 Liberty Global Inc. COMMON STOCK G5480U104 196 3900 SH SOLE NONE 3900 0 0 Macy's Inc COMMON STOCK 55616P104 197 3000 SH SOLE NONE 3000 0 0 Marathon Oil Corp COMMON STOCK 565849106 156 5500 SH SOLE NONE 5500 0 0 Marathon Petroleum Corp COMMON STOCK 56585A102 311 3450 SH SOLE NONE 3450 0 0 Marcus Corp COMMON STOCK 566330106 549 29650 SH SOLE NONE 29650 0 0 MartenTransport Ltd. COMMON STOCK 573075108 477 21840 SH SOLE NONE 21840 0 0 Matson Navigation Co. COMMON STOCK 57686G105 868 25130 SH SOLE NONE 25130 0 0 Maxus Realty Trust COMMON STOCK 57774B109 130 4067 SH SOLE NONE 4067 0 0 MDU Resources Group Inc. COMMON STOCK 552690109 383 16315 SH SOLE NONE 16315 0 0 Merck & Co Inc COMMON STOCK 58933Y105 1661 29245 SH SOLE NONE 29245 0 0 MFRI Inc. COMMON STOCK 552721102 267 38118 SH SOLE NONE 38118 0 0 Microsoft COMMON STOCK 594918104 3625 78034 SH SOLE NONE 78034 0 0 Mine Safety Appliances COMMON STOCK 602720104 265 5000 SH SOLE NONE 5000 0 0 Molson Coors Brewing Company COMMON STOCK 60871R209 2115 28376 SH SOLE NONE 28376 0 0 Mondelez International Inc. COMMON STOCK 609207105 339 9338 SH SOLE NONE 9338 0 0 Multi Color Corp. COMMON STOCK 625383104 1258 22701 SH SOLE NONE 22701 0 0 National Oilwell COMMON STOCK 637071101 341 5200 SH SOLE NONE 5200 0 0 NBT Bancorp Inc COMMON STOCK 628778102 342 13000 SH SOLE NONE 13000 0 0 NCR COMMON STOCK 62886E108 197 6750 SH SOLE NONE 6750 0 0 New York Times COMMON STOCK 650111107 623 47114 SH SOLE NONE 47114 0 0 NextEra Energy Inc New COMMON STOCK 65339F101 222 2088 SH SOLE NONE 2088 0 0 Nike, Inc. COMMON STOCK 654106103 1714 17831 SH SOLE NONE 17831 0 0 Norfolk Southern Crp COMMON STOCK 655844108 436 3980 SH SOLE NONE 3980 0 0 Northeast Utilities COMMON STOCK 664397106 1012 18911 SH SOLE NONE 18911 0 0 Northrop Grumman Corp. COMMON STOCK 666807102 3774 25607 SH SOLE NONE 25607 0 0 Northwest Natural Gas COMMON STOCK 667655104 1134 22732 SH SOLE NONE 22732 0 0 Northwest Pipe COMMON STOCK 667746101 557 18487 SH SOLE NONE 18487 0 0 Novartis AG Adr COMMON STOCK 66987V109 4119 44456 SH SOLE NONE 44456 0 0 Nuveen CA Muni Advantage Fund ETF/ETN 67066Y105 155 10306 SH SOLE NONE 10306 0 0 Oneok Inc COMMON STOCK 682680103 184 3700 SH SOLE NONE 3700 0 0 Park City Group Inc. COMMON STOCK 700215304 166 18450 SH SOLE NONE 18450 0 0 Pebblebrook Hotel Pfd Ser B PREFERRED STOCK 70509V308 356 13500 SH SOLE NONE 13500 0 0 Pepsico COMMON STOCK 713448108 4347 45970 SH SOLE NONE 45970 0 0 Pfizer COMMON STOCK 717081103 1195 38365 SH SOLE NONE 38365 0 0 Philip Morris Intl COMMON STOCK 718172109 138 1695 SH SOLE NONE 1695 0 0 Pimco Dynamic Credit Income Fu ETF/ETN 72202D106 124 6000 SH SOLE NONE 6000 0 0 Pimco ETF Short Maturity Str ETF/ETN 72201R833 2476 24497 SH SOLE NONE 24497 0 0 Plains GP Holdings, LP COMMON STOCK 72651A108 103 4000 SH SOLE NONE 4000 0 0 Portland Gen Elec Co COMMON STOCK 736508847 618 16340 SH SOLE NONE 16340 0 0 Potlatch Corp COMMON STOCK 737630103 433 10351 SH SOLE NONE 10351 0 0 PowerShares FTSE RAFI US 1000 ETF/ETN 73935X583 4007 43825 SH SOLE NONE 43825 0 0 Powershares High Yld Corp Bond ETF/ETN 73936T557 2001 106436 SH SOLE NONE 106436 0 0 PowerShares QQQ ETF/ETN 631100104 116 1122 SH SOLE NONE 1122 0 0 PPL Corp. COMMON STOCK 69351T106 1232 33917 SH SOLE NONE 33917 0 0 Precision Castparts COMMON STOCK 740189105 424 1762 SH SOLE NONE 1762 0 0 Procter & Gamble COMMON STOCK 742718109 1247 13687 SH SOLE NONE 13687 0 0 Rayonier COMMON STOCK 754907103 1719 61521 SH SOLE NONE 61521 0 0 Rayonier Advanced Materials In COMMON STOCK 75508B104 411 18415 SH SOLE NONE 18415 0 0 Raytheon COMMON STOCK 755111507 692 6395 SH SOLE NONE 6395 0 0 Republic Services COMMON STOCK 760759100 1727 42908 SH SOLE NONE 42908 0 0 Royal Dutch Shell Cl B COMMON STOCK 780259107 661 9507 SH SOLE NONE 9507 0 0 Rush Enterprises Cl B COMMON STOCK 781846308 191 6774 SH SOLE NONE 6774 0 0 S & P 500 Index Fund ETF/ETN 78462F103 1071 5211 SH SOLE NONE 5211 0 0 Sanofi-Aventis Sponsored Adr COMMON STOCK 80105N105 748 16390 SH SOLE NONE 16390 0 0 Scana Corp New COMMON STOCK 80589M102 419 6938 SH SOLE NONE 6938 0 0 Schlumberger Limited COMMON STOCK 806857108 198 2315 SH SOLE NONE 2315 0 0 Seaboard Corp. COMMON STOCK 811543107 1008 240 SH SOLE NONE 240 0 0 Seacorp Hldgs Inc COMMON STOCK 811904101 343 4651 SH SOLE NONE 4651 0 0 Shiloh Industries Inc. COMMON STOCK 824543102 189 12000 SH SOLE NONE 12000 0 0 Simon Ppty Grp COMMON STOCK 828806109 109 600 SH SOLE NONE 600 0 0 Sonoco Products COMMON STOCK 835495102 1504 34412 SH SOLE NONE 34412 0 0 Southern Co COMMON STOCK 842587107 300 6099 SH SOLE NONE 6099 0 0 Southwest Air COMMON STOCK 844741108 195 4600 SH SOLE NONE 4600 0 0 SPDR S&P Dividend ETF ETF/ETN 78464A763 115 1460 SH SOLE NONE 1460 0 0 SPDR S&P Insurance ETF ETF/ETN 78464A789 100 1500 SH SOLE NONE 1500 0 0 SPDR S&P Transport ETF ETF/ETN 78464A532 896 8255 SH SOLE NONE 8255 0 0 St Jude Medical Inc COMMON STOCK 790849103 325 5000 SH SOLE NONE 5000 0 0 Starbucks COMMON STOCK 855244109 792 9657 SH SOLE NONE 9657 0 0 Streettracks Gold Shrs ETF/ETN 78463V107 1358 11953 SH SOLE NONE 11953 0 0 Stryker Corp COMMON STOCK 863667101 2081 22061 SH SOLE NONE 22061 0 0 Syngenta AG COMMON STOCK 87160A100 2664 41471 SH SOLE NONE 41471 0 0 The GEO Group, Inc REIT 36162J106 161 4000 SH SOLE NONE 4000 0 0 Timken Co COMMON STOCK 887389104 137 3200 SH SOLE NONE 3200 0 0 Travelers Cos Inc. COMMON STOCK 89417E109 238 2245 SH SOLE NONE 2245 0 0 Trustco Bk Corp Ny COMMON STOCK 898349105 182 25000 SH SOLE NONE 25000 0 0 Twenty-First Century Fox, Cl B COMMON STOCK 90130A200 710 19250 SH SOLE NONE 19250 0 0 UGI Corp COMMON STOCK 902681105 1466 38603 SH SOLE NONE 38603 0 0 Unilever PLC COMMON STOCK 904767704 350 8654 SH SOLE NONE 8654 0 0 Union Pacific COMMON STOCK 907818108 6865 57626 SH SOLE NONE 57626 0 0 United Parcel Svc COMMON STOCK 911312106 1605 14436 SH SOLE NONE 14436 0 0 United Technologies COMMON STOCK 913017109 2418 21028 SH SOLE NONE 21028 0 0 Unitedhealth Group COMMON STOCK 91324P102 307 3040 SH SOLE NONE 3040 0 0 Urstadt Biddle Pptys COMMON STOCK 917286106 1018 56114 SH SOLE NONE 56114 0 0 Urstadt Biddle Pptys Inc Cl A COMMON STOCK 917286205 1441 65864 SH SOLE NONE 65864 0 0 Urstadt Biddle Pptys Inc Pfd S PREFERRED STOCK 917286700 588 22400 SH SOLE NONE 22400 0 0 US Bancorp COMMON STOCK 902973304 4294 95522 SH SOLE NONE 95522 0 0 V F Corp COMMON STOCK 918204108 397 5300 SH SOLE NONE 5300 0 0 Vanguard Consumer Staples ETF ETF/ETN 92204A207 376 3000 SH SOLE NONE 3000 0 0 Vanguard Dividend Appreciation ETF/ETN 921908844 1570 19350 SH SOLE NONE 19350 0 0 Vanguard Energy ETF ETF/ETN 92204A306 7112 63714 SH SOLE NONE 63714 0 0 Vanguard European ETF ETF/ETN 922042874 292 5570 SH SOLE NONE 5570 0 0 Vanguard Extended Mkt ETF ETF/ETN 922908652 2980 33945 SH SOLE NONE 33945 0 0 Vanguard Financials ETF ETF/ETN 92204A405 1480 29770 SH SOLE NONE 29770 0 0 Vanguard FTSE All World exUS E ETF/ETN 922042775 176 3751 SH SOLE NONE 3751 0 0 Vanguard Global ex-US Real Est ETF/ETN 922042676 117 2189 SH SOLE NONE 2189 0 0 Vanguard Growth ETF ETF/ETN 922908736 141 1347 SH SOLE NONE 1347 0 0 Vanguard Health Care ETF ETF/ETN 92204A504 1432 11400 SH SOLE NONE 11400 0 0 Vanguard High Dividend Yield I ETF/ETN 921946406 14847 215963 SH SOLE NONE 215963 0 0 Vanguard Information Technolog ETF/ETN 92204A702 7681 73515 SH SOLE NONE 73515 0 0 Vanguard Mega Cap ETF ETF/ETN 921910873 4539 64606 SH SOLE NONE 64606 0 0 Vanguard REIT Index ETF ETF/ETN 922908553 536 6616 SH SOLE NONE 6616 0 0 Vanguard S&P 500 ETF ETF/ETN 922908363 873 4635 SH SOLE NONE 4635 0 0 Vanguard Short Term Bond ETF ETF/ETN 921937827 264 3300 SH SOLE NONE 3300 0 0 Vanguard Small Cap Value ETF ETF/ETN 922908611 1421 13436 SH SOLE NONE 13436 0 0 Vanguard Total Stock Mkt ETF ETF/ETN 922908769 22224 209657 SH SOLE NONE 209657 0 0 Vanguard Total World Stk Index ETF/ETN 922042742 2960 49232 SH SOLE NONE 49232 0 0 Vanguard Utilities ETF ETF/ETN 92204A876 1835 17933 SH SOLE NONE 17933 0 0 Vectren Corp COMMON STOCK 92240G101 1430 30923 SH SOLE NONE 30923 0 0 Ventas Inc. COMMON STOCK 92276F100 717 10000 SH SOLE NONE 10000 0 0 Verizon Communications COMMON STOCK 92343V104 2147 45902 SH SOLE NONE 45902 0 0 Visa Inc COMMON STOCK 92826C839 197 752 SH SOLE NONE 752 0 0 Vodafone Group PLC COMMON STOCK 92857W100 452 13225 SH SOLE NONE 13225 0 0 Wal-Mart Stores COMMON STOCK 931142103 1398 16283 SH SOLE NONE 16283 0 0 Walt Disney Co. COMMON STOCK 254687106 2437 25868 SH SOLE NONE 25868 0 0 Washington Real Estate Inv Tru REIT 939653101 145 5250 SH SOLE NONE 5250 0 0 Waste Management COMMON STOCK 94106L109 699 13623 SH SOLE NONE 13623 0 0 Wells Fargo & Co COMMON STOCK 949746101 651 11873 SH SOLE NONE 11873 0 0 Weyerhaeuser REIT 962166104 863 24049 SH SOLE NONE 24049 0 0 Whirlpool Corp COMMON STOCK 963320106 1115 5755 SH SOLE NONE 5755 0 0 Whitestone Reit REIT 966084204 567 37550 SH SOLE NONE 37550 0 0 Williams Companies, Inc. COMMON STOCK 969457100 109 2435 SH SOLE NONE 2435 0 0 WisdomTree Emerging Mkts Small ETF/ETN 97717W281 2387 55313 SH SOLE NONE 55313 0 0 WisdomTree Japan Hedged Equity ETF/ETN 97717W851 1228 24945 SH SOLE NONE 24945 0 0 Xylem Inc COMMON STOCK 98419M100 348 9148 SH SOLE NONE 9148 0 0 Yahoo! Inc. COMMON STOCK 984332106 1509 29866 SH SOLE NONE 29866 0 0 Zimmer Holdings COMMON STOCK 98956P102 157 1380 SH SOLE NONE 1380 0 0