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
ADAMS EXPRESS CO COM 006212104 155 11,330 SH   DFND   11,330 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 87 13,800 SH   DFND   13,800 0 0
APPLE INC COM 037833100 608 5,509 SH   DFND   5,509 0 0
APPLE INC COM 037833100 356 16,500 SH Call DFND   16,500 0 0
ATHENAHEALTH INC COM 04685W103 462 3,168 SH   DFND   3,168 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 904 4 SH   DFND   4 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 383 2,550 SH   DFND   2,550 0 0
CALPINE CORP COM NEW 131347304 1,007 45,500 SH   DFND   45,500 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG TIMBER ETF 18383Q879 350 14,427 SH   DFND   14,427 0 0
DUKE REALTY CORP COM NEW 264411505 807 39,931 SH   DFND   39,931 0 0
FIRST TR ENERGY INCOME & GRW COM 33738G104 1,013 27,745 SH   DFND   27,745 0 0
FIRST TR MLP & ENERGY INCOME COM 33739B104 323 15,000 SH   DFND   15,000 0 0
FORUM ENERGY TECHNOLOGIES IN COM 34984V100 2,974 143,450 SH   DFND   143,450 0 0
GABELLI HLTHCARE & WELLNESS SHS 36246K103 123 11,800 SH   DFND   11,800 0 0
GDL FUND COM SH BEN IT 361570104 143 14,000 SH   DFND   14,000 0 0
HARRIS & HARRIS GROUP INC COM 413833104 115 39,141 SH   DFND   39,141 0 0
HERCULES OFFSHORE INC COM 427093109 14 14,100 SH   DFND   14,100 0 0
INOVIO PHARMACEUTICALS INC COM NEW 45773H201 675 73,500 SH   DFND   73,500 0 0
ISHARES MSCI JAPAN ETF 464286848 167 14,850 SH   DFND   14,850 0 0
ISHARES MSCI AC ASIA ETF 464288182 3,961 65,012 SH   DFND   65,012 0 0
ISHARES MSCI ACWI US ETF 464288240 1,583 36,803 SH   DFND   36,803 0 0
ISHARES U.S. PFD STK ETF 464288687 248 6,300 SH   DFND   6,300 0 0
ISHARES TR S&P 100 ETF 464287101 5,793 63,697 SH   DFND   63,697 0 0
ISHARES TR SELECT DIVID ETF 464287168 4,565 57,491 SH   DFND   57,491 0 0
ISHARES TR CORE S&P500 ETF 464287200 2,604 12,588 SH   DFND   12,588 0 0
ISHARES TR CORE US AGGBD ET 464287226 307 2,792 SH   DFND   2,792 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 2,113 53,791 SH   DFND   53,791 0 0
ISHARES TR RUS MID-CAP ETF 464287499 3,986 23,864 SH   DFND   23,864 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 4,896 46,896 SH   DFND   46,896 0 0
ISHARES TR RUS 1000 GRW ETF 464287614 4,221 44,145 SH   DFND   44,145 0 0
ISHARES TR RUS 1000 ETF 464287622 16,317 142,348 SH   DFND   142,348 0 0
ISHARES TR RUS 2000 GRW ETF 464287648 831 5,839 SH   DFND   5,839 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 6,836 57,150 SH   DFND   57,150 0 0
ISHARES TR CORE US VAL ETF 464287663 261 1,914 SH   DFND   1,914 0 0
ISHARES TR RUSSELL 3000 ETF 464287689 1,617 13,219 SH   DFND   13,219 0 0
ISHARES TR CORE S&P SCP ETF 464287804 6,369 55,836 SH   DFND   55,836 0 0
ISHARES TR EUROPE ETF 464287861 4,365 102,635 SH   DFND   102,635 0 0
JOHNSON & JOHNSON COM 478160104 426 4,070 SH   DFND   4,070 0 0
JPMORGAN CHASE & CO COM 46625H100 207 3,308 SH   DFND   3,308 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 5,078 110,518 SH   DFND   110,518 0 0
KOPIN CORP COM 500600101 641 177,000 SH   DFND   177,000 0 0
LEXICON PHARMACEUTICALS INC COM 528872104 138 151,280 SH   DFND   151,280 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 149 24,900 SH   DFND   24,900 0 0
LMP REAL ESTATE INCOME FD IN COM 50208C108 129 10,300 SH   DFND   10,300 0 0
MARKET VECTORS ETF TR EMKT HIYLD BD 57061R403 691 30,087 SH   DFND   30,087 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 125 23,600 SH   DFND   23,600 0 0
NEW MTN FIN CORP COM 647551100 14,131 945,818 SH   DFND   945,818 0 0
NUVEEN LG/SHT COMMODITY TOTR COM UT BEN INT 670731108 168 10,100 SH   DFND   10,100 0 0
PIMCO ETF TR TTL RTN ACTV ETF 72201R775 209 1,950 SH   DFND   1,950 0 0
PIONEER FLOATING RATE TR COM 72369J102 1,646 144,604 SH   DFND   144,604 0 0
RETROPHIN INC COM 761299106 3,376 275,852 SH   DFND   275,852 0 0
SEACOR HOLDINGS INC COM 811904101 320 4,341 SH   DFND   4,341 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,241 10,902 SH   DFND   10,902 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,332 5,046 SH   DFND   5,046 0 0
VANGUARD INDEX FDS REIT ETF 922908553 401 4,952 SH   DFND   4,952 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 4,939 105,390 SH   DFND   105,390 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 3,060 76,472 SH   DFND   76,472 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 3,313 87,451 SH   DFND   87,451 0 0
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 910 7,267 SH   DFND   7,267 0 0
WISDOMTREE TR LARGECAP DIVID 97717W307 583 7,860 SH   DFND   7,860 0 0
WISDOMTREE TR WSDM EMKTBD FD 97717X784 1,064 14,760 SH   DFND   14,760 0 0