Chief Compliance Officer

0001140361-16-048082.txt : 20160120 0001140361-16-048082.hdr.sgml : 20160120 20160119190913 ACCESSION NUMBER: 0001140361-16-048082 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20151231 FILED AS OF DATE: 20160120 DATE AS OF CHANGE: 20160119 EFFECTIVENESS DATE: 20160120 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: 161349421 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 12-31-2015 12-31-2015 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 01-14-2016 0 243 291374 false INFORMATION TABLE 2 form13fInfoTable.xml 3M Company COMMON STOCK 88579Y101 488 3238 SH SOLE NONE 3238 0 0 Abbott Laboratories COMMON STOCK 002824100 1788 39807 SH SOLE NONE 39807 0 0 AbbVie Inc. COMMON STOCK 00287Y109 1593 26895 SH SOLE NONE 26895 0 0 Aberdeen Asia-Pacific Income ETF/ETN 003009107 122 26600 SH SOLE NONE 26600 0 0 ABM Industries COMMON STOCK 000957100 387 13600 SH SOLE NONE 13600 0 0 Accenture COMMON STOCK G1151C101 200 1917 SH SOLE NONE 1917 0 0 AGL Resources COMMON STOCK 654086107 220 3450 SH SOLE NONE 3450 0 0 Alaska Air Group COMMON STOCK 011659109 479 5950 SH SOLE NONE 5950 0 0 Alaska Communications Systems COMMON STOCK 01167P101 46 26500 SH SOLE NONE 26500 0 0 Alexander & Baldwin COMMON STOCK 014491104 518 14670 SH SOLE NONE 14670 0 0 Alphabet Inc. CL A COMMON STOCK 02079K305 1538 1977 SH SOLE NONE 1977 0 0 Alphabet Inc. CL C COMMON STOCK 02079K107 1228 1618 SH SOLE NONE 1618 0 0 Altria Group COMMON STOCK 718154107 308 5285 SH SOLE NONE 5285 0 0 Amazon.com Inc. COMMON STOCK 023135106 703 1040 SH SOLE NONE 1040 0 0 American Airlines Group Inc. COMMON STOCK 02376R102 442 10430 SH SOLE NONE 10430 0 0 American Express COMMON STOCK 025816109 1001 14395 SH SOLE NONE 14395 0 0 AmerisourceBergen Corp COMMON STOCK 03073E105 4644 44781 SH SOLE NONE 44781 0 0 Amgen Inc COMMON STOCK 031162100 230 1416 SH SOLE NONE 1416 0 0 Anadarko Pete Corp COMMON STOCK 032511107 137 2825 SH SOLE NONE 2825 0 0 Anheuser-Busch InBev COMMON STOCK 035229103 244 1950 SH SOLE NONE 1950 0 0 Apollo Commercial Real Estate REIT 03762U105 550 31948 SH SOLE NONE 31948 0 0 Apple Computer COMMON STOCK 037833100 1622 15410 SH SOLE NONE 15410 0 0 AptarGroup Inc COMMON STOCK 038336103 109 1500 SH SOLE NONE 1500 0 0 Archer Daniels Midland COMMON STOCK 039483102 321 8750 SH SOLE NONE 8750 0 0 Armada Hoffler Properties, Inc REIT 04208T108 227 21700 SH SOLE NONE 21700 0 0 AT&T COMMON STOCK 00206R102 331 9613 SH SOLE NONE 9613 0 0 Automatic Data Processing COMMON STOCK 053015103 463 5470 SH SOLE NONE 5470 0 0 Avista Corp. COMMON STOCK 05379B107 444 12550 SH SOLE NONE 12550 0 0 Baldwin & Lyons Inc CL B COMMON STOCK 057755209 332 13800 SH SOLE NONE 13800 0 0 Ball Corp COMMON STOCK 058498106 1846 25379 SH SOLE NONE 25379 0 0 Bank of America COMMON STOCK 060505104 212 12600 SH SOLE NONE 12600 0 0 Bank of New York Mellon COMMON STOCK 064058100 2008 48706 SH SOLE NONE 48706 0 0 Bank of Nova Scotia COMMON STOCK 064149107 618 15278 SH SOLE NONE 15278 0 0 BCE COMMON STOCK 05534B760 263 6800 SH SOLE NONE 6800 0 0 Becton Dickinson Co COMMON STOCK 075887109 162 1050 SH SOLE NONE 1050 0 0 Berkshire Hathaway Cl A COMMON STOCK 084670108 4154 21 SH SOLE NONE 21 0 0 Berkshire Hathaway Cl B COMMON STOCK 084670702 8941 67717 SH SOLE NONE 67717 0 0 Boeing COMMON STOCK 097023105 871 6027 SH SOLE NONE 6027 0 0 BP p.l.c. COMMON STOCK 055622104 244 7800 SH SOLE NONE 7800 0 0 Bristol Myers Squibb COMMON STOCK 110122108 2319 33707 SH SOLE NONE 33707 0 0 Brixmor Property Group Inc. REIT 11120U105 955 36975 SH SOLE NONE 36975 0 0 Broadridge Financial Solutions COMMON STOCK 11133T103 269 5000 SH SOLE NONE 5000 0 0 Campbell Soup Company COMMON STOCK 134429109 460 8753 SH SOLE NONE 8753 0 0 Canadian National Railway Co. COMMON STOCK 136375102 305 5450 SH SOLE NONE 5450 0 0 Carriage Services COMMON STOCK 143905107 146 6050 SH SOLE NONE 6050 0 0 Cenovus Energy Inc. COMMON STOCK 15135U109 106 8367 SH SOLE NONE 8367 0 0 ChevronTexaco COMMON STOCK 166764100 1227 13640 SH SOLE NONE 13640 0 0 Cisco Systems COMMON STOCK 17275R102 453 16667 SH SOLE NONE 16667 0 0 Clorox Company COMMON STOCK 189054109 742 5851 SH SOLE NONE 5851 0 0 Coca Cola Enterprises Inc COMMON STOCK 191219104 497 10095 SH SOLE NONE 10095 0 0 Coca-Cola Bottling COMMON STOCK 191098102 123 675 SH SOLE NONE 675 0 0 Coca-Cola Company COMMON STOCK 191216100 1063 24741 SH SOLE NONE 24741 0 0 Comcast Corporation COMMON STOCK 20030N101 1297 22981 SH SOLE NONE 22981 0 0 Cooper International Corp. COMMON STOCK 216640102 353 5578 SH SOLE NONE 5578 0 0 Corning Inc COMMON STOCK 219350105 112 6100 SH SOLE NONE 6100 0 0 Costco Wholesale COMMON STOCK 22160K105 946 5855 SH SOLE NONE 5855 0 0 Deere & Company COMMON STOCK 244199105 402 5276 SH SOLE NONE 5276 0 0 Delta Air Lines Inc. COMMON STOCK 247361702 253 4985 SH SOLE NONE 4985 0 0 Diageo PLC COMMON STOCK 25243Q205 195 1785 SH SOLE NONE 1785 0 0 Dominion Resources COMMON STOCK 25746U109 631 9327 SH SOLE NONE 9327 0 0 Du Pont COMMON STOCK 263534109 2271 34096 SH SOLE NONE 34096 0 0 Duke Energy COMMON STOCK 264399106 177 2481 SH SOLE NONE 2481 0 0 Edwards Lifesciences COMMON STOCK 28176E108 158 2000 SH SOLE NONE 2000 0 0 Equity Residential REIT 29476L107 233 2850 SH SOLE NONE 2850 0 0 Eversource Energy COMMON STOCK 30040W108 966 18917 SH SOLE NONE 18917 0 0 Express Scripts Holding Co. COMMON STOCK 302182100 149 1705 SH SOLE NONE 1705 0 0 Exxon Mobil COMMON STOCK 30231G102 1488 19085 SH SOLE NONE 19085 0 0 Facebook Inc COMMON STOCK 30303M102 325 3110 SH SOLE NONE 3110 0 0 Fedex Corp COMMON STOCK 31428X106 738 4950 SH SOLE NONE 4950 0 0 Fiat Chrysler Automobiles N.V. COMMON STOCK N31738102 1060 75800 SH SOLE NONE 75800 0 0 Fiserv Inc COMMON STOCK 337733108 120 1316 SH SOLE NONE 1316 0 0 Flexshares Quality Dividend In ETF/ETN 33939L860 325 9320 SH SOLE NONE 9320 0 0 Fomento Economico Mexicano COMMON STOCK 344419106 2263 24501 SH SOLE NONE 24501 0 0 Ford Motor COMMON STOCK 345370860 410 29100 SH SOLE NONE 29100 0 0 Forestar Group Inc. COMMON STOCK 346233109 144 13150 SH SOLE NONE 13150 0 0 Fresh Del Monte Produce COMMON STOCK G36738105 2738 70426 SH SOLE NONE 70426 0 0 General American Investors Co. COMMON STOCK 368802104 176 5497 SH SOLE NONE 5497 0 0 General Electric COMMON STOCK 369604103 510 16358 SH SOLE NONE 16358 0 0 General Mills COMMON STOCK 370334104 5835 101190 SH SOLE NONE 101190 0 0 General Motors COMMON STOCK 37045V100 315 9250 SH SOLE NONE 9250 0 0 Genuine Parts COMMON STOCK 372460105 1248 14533 SH SOLE NONE 14533 0 0 GlaxoSmithKline Plc Adr COMMON STOCK 37733W105 121 3000 SH SOLE NONE 3000 0 0 Harris Corp. COMMON STOCK 413875105 107 1236 SH SOLE NONE 1236 0 0 Hasbro COMMON STOCK 418056107 222 3300 SH SOLE NONE 3300 0 0 Health Care Property COMMON STOCK 40414L109 128 3347 SH SOLE NONE 3347 0 0 Helmerich & Payne COMMON STOCK 423452101 244 4550 SH SOLE NONE 4550 0 0 Highwoods Properties Inc. REIT 431284108 641 14700 SH SOLE NONE 14700 0 0 Home Depot COMMON STOCK 437076102 858 6486 SH SOLE NONE 6486 0 0 Honeywell Intl. COMMON STOCK 438516106 1913 18475 SH SOLE NONE 18475 0 0 Host Hotels & Resorts, Inc. REIT 44107P104 300 19525 SH SOLE NONE 19525 0 0 Humana Inc. COMMON STOCK 444859102 480 2690 SH SOLE NONE 2690 0 0 Imperial Oil Ltd. COMMON STOCK 453038408 752 23110 SH SOLE NONE 23110 0 0 Ingles Markets, Inc. COMMON STOCK 457030104 2429 55104 SH SOLE NONE 55104 0 0 Ingram Micro Inc COMMON STOCK 457153104 366 12050 SH SOLE NONE 12050 0 0 Intel COMMON STOCK 458140100 617 17901 SH SOLE NONE 17901 0 0 Intl Paper Co. COMMON STOCK 460146103 2631 69787 SH SOLE NONE 69787 0 0 Investors Title COMMON STOCK 461804106 714 7141 SH SOLE NONE 7141 0 0 iShares DJ US Oil Equip & Svcs ETF/ETN 464288844 109 3050 SH SOLE NONE 3050 0 0 iShares Global Telecom Fd ETF/ETN 464287275 1236 21373 SH SOLE NONE 21373 0 0 iShares Gold Trust ETF/ETN 464285105 205 20000 SH SOLE NONE 20000 0 0 iShares Hong Kong Index Fd ETF/ETN 464286871 186 9400 SH SOLE NONE 9400 0 0 iShares MSCI All Country World ETF/ETN 464286525 1940 28000 SH SOLE NONE 28000 0 0 iShares MSCI EAFE Minimum Vola ETF/ETN 46429B689 4106 63290 SH SOLE NONE 63290 0 0 iShares MSCI Emerging Markets ETF/ETN 464286533 160 3280 SH SOLE NONE 3280 0 0 iShares Russell 1000 ETF/ETN 464287622 124 1096 SH SOLE NONE 1096 0 0 iShares Russell 1000 Growth In ETF/ETN 464287614 109 1096 SH SOLE NONE 1096 0 0 iShares Russell 1000 Value Ind ETF/ETN 464287598 200 2045 SH SOLE NONE 2045 0 0 iShares Russell Mid-Cap Index ETF/ETN 464287499 209 1303 SH SOLE NONE 1303 0 0 iShares Russell Midcap Value I ETF/ETN 464287473 286 4164 SH SOLE NONE 4164 0 0 iShares Singapore Index Fd ETF/ETN 464286673 120 11700 SH SOLE NONE 11700 0 0 iShares Taiwan Index Fd ETF/ETN 464286731 148 11626 SH SOLE NONE 11626 0 0 ITT Corporation COMMON STOCK 450911102 1231 33893 SH SOLE NONE 33893 0 0 J P Morgan Chase COMMON STOCK 46625H100 960 14540 SH SOLE NONE 14540 0 0 JM Smucker COMMON STOCK 832696405 371 3007 SH SOLE NONE 3007 0 0 John Bean Technologies COMMON STOCK 477839104 2890 58003 SH SOLE NONE 58003 0 0 Johnson & Johnson COMMON STOCK 478160104 3422 33315 SH SOLE NONE 33315 0 0 Kimberly Clark COMMON STOCK 494368103 2193 17228 SH SOLE NONE 17228 0 0 Kraft Heinz Co. COMMON STOCK 500754106 233 3201 SH SOLE NONE 3201 0 0 Kroger COMMON STOCK 501044101 10627 254063 SH SOLE NONE 254063 0 0 Laboratory Corp of America Hol COMMON STOCK 50540R409 755 6110 SH SOLE NONE 6110 0 0 Liberty Global Inc Com Ser C COMMON STOCK 530555309 145 3550 SH SOLE NONE 3550 0 0 Liberty Global Inc. COMMON STOCK G5480U104 150 3550 SH SOLE NONE 3550 0 0 Macy's Inc COMMON STOCK 55616P104 105 3000 SH SOLE NONE 3000 0 0 Marathon Petroleum Corp COMMON STOCK 56585A102 992 19144 SH SOLE NONE 19144 0 0 Marcus Corp COMMON STOCK 566330106 551 29050 SH SOLE NONE 29050 0 0 Market Vectors Oil Services ET COMMON STOCK 678002106 196 7400 SH SOLE NONE 7400 0 0 MartenTransport Ltd. COMMON STOCK 573075108 394 22240 SH SOLE NONE 22240 0 0 Matson Navigation Co. COMMON STOCK 57686G105 1035 24269 SH SOLE NONE 24269 0 0 Mckesson Corp. COMMON STOCK 58155Q103 125 635 SH SOLE NONE 635 0 0 MDU Resources Group Inc. COMMON STOCK 552690109 153 8375 SH SOLE NONE 8375 0 0 Merck & Co Inc COMMON STOCK 58933Y105 1524 28845 SH SOLE NONE 28845 0 0 Microsoft COMMON STOCK 594918104 4119 74251 SH SOLE NONE 74251 0 0 Mid-America Apartment Communit REIT 59522J103 509 5600 SH SOLE NONE 5600 0 0 Mine Safety Appliances COMMON STOCK 602720104 217 5000 SH SOLE NONE 5000 0 0 Molson Coors Brewing Company COMMON STOCK 60871R209 2686 28596 SH SOLE NONE 28596 0 0 Mondelez International Inc. COMMON STOCK 609207105 396 8838 SH SOLE NONE 8838 0 0 Multi Color Corp. COMMON STOCK 625383104 604 10101 SH SOLE NONE 10101 0 0 NBT Bancorp Inc COMMON STOCK 628778102 362 13000 SH SOLE NONE 13000 0 0 New York Times COMMON STOCK 650111107 207 15409 SH SOLE NONE 15409 0 0 NextEra Energy Inc New COMMON STOCK 65339F101 279 2688 SH SOLE NONE 2688 0 0 Nike, Inc. COMMON STOCK 654106103 2414 38625 SH SOLE NONE 38625 0 0 Norfolk Southern Crp COMMON STOCK 655844108 337 3980 SH SOLE NONE 3980 0 0 Northrop Grumman Corp. COMMON STOCK 666807102 4469 23667 SH SOLE NONE 23667 0 0 Northwest Natural Gas COMMON STOCK 667655104 1072 21190 SH SOLE NONE 21190 0 0 Novartis AG Adr COMMON STOCK 66987V109 3586 41681 SH SOLE NONE 41681 0 0 NTT Docomo Inc. ADR COMMON STOCK 62942M201 111 5400 SH SOLE NONE 5400 0 0 Nuveen CA Muni Advantage Fund ETF/ETN 67066Y105 196 12653 SH SOLE NONE 12653 0 0 Oracle COMMON STOCK 68389X105 241 6600 SH SOLE NONE 6600 0 0 Park City Group Inc. COMMON STOCK 700215304 220 18450 SH SOLE NONE 18450 0 0 Pebblebrook Hotel Pfd Ser B PREFERRED STOCK 70509V308 334 12950 SH SOLE NONE 12950 0 0 Pepsico COMMON STOCK 713448108 4941 49449 SH SOLE NONE 49449 0 0 Pfizer COMMON STOCK 717081103 1101 34110 SH SOLE NONE 34110 0 0 Philip Morris Intl COMMON STOCK 718172109 241 2745 SH SOLE NONE 2745 0 0 Phillips 66 COMMON STOCK 718546104 113 1385 SH SOLE NONE 1385 0 0 Pimco ETF Short Maturity Str ETF/ETN 72201R833 2262 22480 SH SOLE NONE 22480 0 0 Pimco Muni Income Fd II Com ETF/ETN 72200W106 163 13000 SH SOLE NONE 13000 0 0 Portland Gen Elec Co COMMON STOCK 736508847 722 19840 SH SOLE NONE 19840 0 0 Potlatch Corp COMMON STOCK 737630103 285 9421 SH SOLE NONE 9421 0 0 PowerShares FTSE RAFI US 1000 ETF/ETN 73935X583 5270 60695 SH SOLE NONE 60695 0 0 Powershares High Yld Corp Bond ETF/ETN 73936T557 1852 106206 SH SOLE NONE 106206 0 0 PowerShares QQQ ETF/ETN 631100104 485 4338 SH SOLE NONE 4338 0 0 PPL Corp. COMMON STOCK 69351T106 1076 31517 SH SOLE NONE 31517 0 0 Precision Castparts COMMON STOCK 740189105 394 1700 SH SOLE NONE 1700 0 0 Procter & Gamble COMMON STOCK 742718109 1019 12828 SH SOLE NONE 12828 0 0 Quest Diagnostics Inc COMMON STOCK 74834L100 160 2250 SH SOLE NONE 2250 0 0 Rayonier COMMON STOCK 754907103 1334 60078 SH SOLE NONE 60078 0 0 Rayonier Advanced Materials COMMON STOCK 75508B104 110 11244 SH SOLE NONE 11244 0 0 Raytheon COMMON STOCK 755111507 924 7420 SH SOLE NONE 7420 0 0 RCI Hospitality Holdings, Inc. REIT 74934Q108 115 11480 SH SOLE NONE 11480 0 0 Republic Services COMMON STOCK 760759100 1936 44008 SH SOLE NONE 44008 0 0 Royal Dutch Shell Cl B COMMON STOCK 780259107 191 4140 SH SOLE NONE 4140 0 0 Rush Enterprises Cl B COMMON STOCK 781846308 128 5852 SH SOLE NONE 5852 0 0 S & P 500 Index Fund ETF/ETN 78462F103 1050 5149 SH SOLE NONE 5149 0 0 Scana Corp New COMMON STOCK 80589M102 359 5938 SH SOLE NONE 5938 0 0 Schlumberger Limited COMMON STOCK 806857108 305 4368 SH SOLE NONE 4368 0 0 Seaboard Corp. COMMON STOCK 811543107 712 246 SH SOLE NONE 246 0 0 Simon Ppty Grp COMMON STOCK 828806109 117 600 SH SOLE NONE 600 0 0 Sonoco Products COMMON STOCK 835495102 1731 42349 SH SOLE NONE 42349 0 0 Southern Co COMMON STOCK 842587107 221 4720 SH SOLE NONE 4720 0 0 Southwest Air COMMON STOCK 844741108 181 4200 SH SOLE NONE 4200 0 0 SPDR S&P Dividend ETF ETF/ETN 78464A763 107 1460 SH SOLE NONE 1460 0 0 SPDR S&P Insurance ETF ETF/ETN 78464A789 109 1570 SH SOLE NONE 1570 0 0 Starbucks COMMON STOCK 855244109 1059 17637 SH SOLE NONE 17637 0 0 Starwood Ppty Trust, Inc. REIT 85571B105 203 9850 SH SOLE NONE 9850 0 0 Streettracks Gold Shrs ETF/ETN 78463V107 990 9753 SH SOLE NONE 9753 0 0 Stryker Corp COMMON STOCK 863667101 1873 20155 SH SOLE NONE 20155 0 0 Syngenta AG COMMON STOCK 87160A100 2942 37373 SH SOLE NONE 37373 0 0 T Rowe Price Group, Inc. COMMON STOCK 74144T108 140 1960 SH SOLE NONE 1960 0 0 The GEO Group, Inc REIT 36162J106 289 9995 SH SOLE NONE 9995 0 0 Travelers Cos Inc. COMMON STOCK 89417E109 253 2245 SH SOLE NONE 2245 0 0 Trustco Bk Corp Ny COMMON STOCK 898349105 154 25000 SH SOLE NONE 25000 0 0 Twenty-First Century Fox, Cl B COMMON STOCK 90130A200 517 19000 SH SOLE NONE 19000 0 0 UGI Corp COMMON STOCK 902681105 1181 34979 SH SOLE NONE 34979 0 0 Unilever PLC COMMON STOCK 904767704 463 10749 SH SOLE NONE 10749 0 0 Union Pacific COMMON STOCK 907818108 4335 55441 SH SOLE NONE 55441 0 0 United Technologies COMMON STOCK 913017109 1970 20502 SH SOLE NONE 20502 0 0 Unitedhealth Group COMMON STOCK 91324P102 322 2740 SH SOLE NONE 2740 0 0 Urstadt Biddle Pptys COMMON STOCK 917286106 970 54512 SH SOLE NONE 54512 0 0 Urstadt Biddle Pptys 6.75% 12/ PREFERRED STOCK 917286809 475 18175 SH SOLE NONE 18175 0 0 Urstadt Biddle Pptys Inc Cl A COMMON STOCK 917286205 1315 68364 SH SOLE NONE 68364 0 0 Urstadt Biddle Pptys Inc Pfd S PREFERRED STOCK 917286700 640 24750 SH SOLE NONE 24750 0 0 US Bancorp COMMON STOCK 902973304 3940 92348 SH SOLE NONE 92348 0 0 V F Corp COMMON STOCK 918204108 199 3200 SH SOLE NONE 3200 0 0 Vanguard Consumer Staples ETF ETF/ETN 92204A207 413 3200 SH SOLE NONE 3200 0 0 Vanguard Dividend Appreciation ETF/ETN 921908844 899 11563 SH SOLE NONE 11563 0 0 Vanguard Energy ETF ETF/ETN 92204A306 4776 57464 SH SOLE NONE 57464 0 0 Vanguard Extended Mkt ETF ETF/ETN 922908652 2038 24318 SH SOLE NONE 24318 0 0 Vanguard Financials ETF ETF/ETN 92204A405 1532 31620 SH SOLE NONE 31620 0 0 Vanguard FTSE All World exUS E ETF/ETN 922042775 143 3294 SH SOLE NONE 3294 0 0 Vanguard Global ex-US Real Est ETF/ETN 922042676 193 3770 SH SOLE NONE 3770 0 0 Vanguard Growth ETF ETF/ETN 922908736 150 1409 SH SOLE NONE 1409 0 0 Vanguard Health Care ETF ETF/ETN 92204A504 1588 11950 SH SOLE NONE 11950 0 0 Vanguard High Dividend Yield I ETF/ETN 921946406 13940 208842 SH SOLE NONE 208842 0 0 Vanguard Information Technolog ETF/ETN 92204A702 8693 80278 SH SOLE NONE 80278 0 0 Vanguard Intermediate-Term Cor ETF/ETN 92206C870 399 4740 SH SOLE NONE 4740 0 0 Vanguard Mega Cap ETF ETF/ETN 921910873 4389 62918 SH SOLE NONE 62918 0 0 Vanguard REIT Index ETF ETF/ETN 922908553 800 10033 SH SOLE NONE 10033 0 0 Vanguard S&P 500 ETF ETF/ETN 922908363 3947 21115 SH SOLE NONE 21115 0 0 Vanguard Short Term Bond ETF ETF/ETN 921937827 215 2700 SH SOLE NONE 2700 0 0 Vanguard Small Cap Value ETF ETF/ETN 922908611 1407 14245 SH SOLE NONE 14245 0 0 Vanguard Total Stock Mkt ETF ETF/ETN 922908769 21724 208283 SH SOLE NONE 208283 0 0 Vanguard Total World Stk Index ETF/ETN 922042742 2777 48189 SH SOLE NONE 48189 0 0 Vanguard Utilities ETF ETF/ETN 92204A876 1509 16060 SH SOLE NONE 16060 0 0 Vectren Corp COMMON STOCK 92240G101 1318 31073 SH SOLE NONE 31073 0 0 Ventas Inc. COMMON STOCK 92276F100 564 10000 SH SOLE NONE 10000 0 0 VeriFone Systems, Inc. COMMON STOCK 92342Y109 396 14130 SH SOLE NONE 14130 0 0 Verizon Communications COMMON STOCK 92343V104 2072 44821 SH SOLE NONE 44821 0 0 Visa Inc COMMON STOCK 92826C839 434 5592 SH SOLE NONE 5592 0 0 Vodafone Group PLC COMMON STOCK 92857W100 381 11805 SH SOLE NONE 11805 0 0 Wabash National Corp. COMMON STOCK 929566107 405 34220 SH SOLE NONE 34220 0 0 Wal-Mart Stores COMMON STOCK 931142103 1347 21966 SH SOLE NONE 21966 0 0 Walt Disney Co. COMMON STOCK 254687106 3093 29434 SH SOLE NONE 29434 0 0 Washington Real Estate Inv Tru REIT 939653101 153 5650 SH SOLE NONE 5650 0 0 Waste Management COMMON STOCK 94106L109 708 13266 SH SOLE NONE 13266 0 0 Wells Fargo & Co COMMON STOCK 949746101 971 17860 SH SOLE NONE 17860 0 0 Western Asset High Income Oppo ETF/ETN 95766K109 127 27000 SH SOLE NONE 27000 0 0 Weyerhaeuser REIT 962166104 1560 52036 SH SOLE NONE 52036 0 0 Whirlpool Corp COMMON STOCK 963320106 847 5770 SH SOLE NONE 5770 0 0 Whitestone Reit REIT 966084204 658 54800 SH SOLE NONE 54800 0 0 WisdomTree DEFA ETF ETF/ETN 97717W703 2771 59480 SH SOLE NONE 59480 0 0 WisdomTree Emerging Mkts Small ETF/ETN 97717W281 1026 29264 SH SOLE NONE 29264 0 0 Xylem Inc COMMON STOCK 98419M100 316 8647 SH SOLE NONE 8647 0 0 Zimmer Biomet Holdings, Inc. COMMON STOCK 98956P102 142 1380 SH SOLE NONE 1380 0 0