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
A T & T COM 00206R102 3,799 112,322 SH   SOLE 112,322 0 0
AEGON 3mo+87.50 bps C10 PRF 007924509 379 18,400 SH   SOLE 18,400 0 0
ALERIAN MLP COM 00162Q866 2,834 161,100 SH   SOLE 161,100 0 0
ALEXION PHARM INC COM 015351109 4,244 36,535 SH   SOLE 36,535 0 0
AMAZON COM INC COM 023135106 5,391 17,245 SH   SOLE 17,245 0 0
APPLE INC. COM 037833100 25,664 53,832 SH   SOLE 53,832 0 0
BANK OF AMERICA COM 060505104 3,997 289,660 SH   SOLE 289,660 0 0
BERKSHIRE HATHAWAY CL B COM 084670702 278 2,450 SH   SOLE 2,450 0 0
BIOTECHNOLOGY INDEX FUND COM 33733E203 1,070 16,507 SH   SOLE 16,507 0 0
CAPITAL ONE FINL 6.00% PRF 14040H402 3,211 146,700 SH   SOLE 146,700 0 0
CARRIZO OIL & GAS COM 144577103 3,131 83,955 SH   SOLE 83,955 0 0
CHESAPEAKE ENERGY COM 165167107 3,903 150,800 SH   SOLE 150,800 0 0
CHEVRON CORP COM 166764100 9,997 82,283 SH   SOLE 82,283 0 0
CITIGROUP 6.10% C08 PRF 173064205 710 28,406 SH   SOLE 28,406 0 0
COCA COLA COM 191216100 5,417 143,010 SH   SOLE 143,010 0 0
COHEN & STEERS MLP FUND COM 19249B106 1,776 103,335 SH   SOLE 103,335 0 0
EWZ: BRAZIL INDEX COM 464286400 3,722 77,690 SH   SOLE 77,690 0 0
EXXON MOBIL COM 30231G102 5,450 63,342 SH   SOLE 63,342 0 0
FACEBOOK INC COM 30303M102 2,473 49,235 SH   SOLE 49,235 0 0
FAX: ABERDEEN- ASIA Bonds COM 003009107 3,430 566,065 SH   SOLE 566,065 0 0
FIFTH STREET FINANCE CO. COM 31678A103 3,150 306,225 SH   SOLE 306,225 0 0
FXI: CHINA INDEX COM 464287184 8,055 217,235 SH   SOLE 217,235 0 0
GENERAL ELECTRIC COM 369604103 357 14,945 SH   SOLE 14,945 0 0
GLD: GOLD INDEX COM 863307104 2,917 22,758 SH   SOLE 22,758 0 0
GOOGLE INC COM 38259P508 10,080 11,508 SH   SOLE 11,508 0 0
HASBRO INC COM 418056107 2,827 59,975 SH   SOLE 59,975 0 0
IBM COM 459200101 8,480 45,794 SH   SOLE 45,794 0 0
JOHNSON & JOHNSON COM 478160104 5,512 63,587 SH   SOLE 63,587 0 0
KINDER MORGAN ENERGY LP COM 494550106 3,023 37,866 SH   SOLE 37,866 0 0
KKR FIN'L 8.375% C16 PRF 48248A405 1,505 55,875 SH   SOLE 55,875 0 0
McDONALD'S COM 580135101 5,444 56,588 SH   SOLE 56,588 0 0
MERRILL LYNCH 6.45% C11 PRF 590199204 2,075 84,500 SH   SOLE 84,500 0 0
METLIFE 3mo+100bps C10 PRF 59156R504 325 14,150 SH   SOLE 14,150 0 0
MORGAN STANLEY 6.6% C11 PRF 61750K208 923 37,538 SH   SOLE 37,538 0 0
NATIONAL-OILWELL VARCO COM 637071101 3,936 50,392 SH   SOLE 50,392 0 0
NESTLE COM 641069406 4,310 61,930 SH   SOLE 61,930 0 0
NORTHSTAR REALTY FINANCE COM 66704R100 455 49,000 SH   SOLE 49,000 0 0
OCCIDENTAL PETROLEUM COM 674599105 5,098 54,500 SH   SOLE 54,500 0 0
PALO ALTO NETWORKS COM 697435105 4,760 103,885 SH   SOLE 103,885 0 0
PNC FINL CORP 6.125% PRF 693475857 3,273 129,675 SH   SOLE 129,675 0 0
SEQUENOM INC. COM 817337405 257 96,300 SH   SOLE 96,300 0 0
SHIRE COM 82481R106 4,773 39,810 SH   SOLE 39,810 0 0
TARGET CORP COM 87612E106 5,781 90,350 SH   SOLE 90,350 0 0
US BANCORP 6.50% PRF 902973833 3,688 141,900 SH   SOLE 141,900 0 0
VALE COM 91912e105 3,530 226,120 SH   SOLE 226,120 0 0
VANGUARD TOTAL STOCK MKT COM 922908769 377 4,306 SH   SOLE 4,306 0 0
VERIZON COMMUNICATIONS COM 92343V104 1,562 33,457 SH   SOLE 33,457 0 0
VERTEX COM 92532F100 5,045 66,539 SH   SOLE 66,539 0 0
WALT DISNEY CO. COM 254687106 6,049 93,802 SH   SOLE 93,802 0 0
WEATHERFORD INTL INC COM H27013103 3,627 236,625 SH   SOLE 236,625 0 0
WELLS FARGO BANK COM 949746101 5,169 125,103 SH   SOLE 125,103 0 0
ZIONS BANCORP 6.95% PRF 989701818 880 34,500 SH   SOLE 34,500 0 0