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 4,393 124,947 SH   SOLE 124,947 0 0
AEGON 3mo+87.50 bps C10 PRF 007924509 347 17,650 SH   SOLE 17,650 0 0
ALERIAN MLP COM 00162Q866 3,955 222,305 SH   SOLE 222,305 0 0
ALEXION PHARM INC COM 015351109 4,827 36,328 SH   SOLE 36,328 0 0
AMAZON COM INC COM 023135106 5,897 14,788 SH   SOLE 14,788 0 0
APPLE INC. COM 037833100 24,195 43,126 SH   SOLE 43,126 0 0
BANK OF AMERICA COM 060505104 4,696 301,610 SH   SOLE 301,610 0 0
BARCLAYS 7.1% C12 PRF 06739H776 578 22,970 SH   SOLE 22,970 0 0
BERKSHIRE HATHAWAY CL B COM 084670207 290 2,450 SH   SOLE 2,450 0 0
BIOTECHNOLOGY INDEX FUND COM 33733E203 1,116 16,132 SH   SOLE 16,132 0 0
BLUE CAP REINSURANCE COM G1190F107 2,122 115,500 SH   SOLE 115,500 0 0
BOSTON SCIENTIFIC CORP COM 101137107 234 19,426 SH   SOLE 19,426 0 0
CAPITAL ONE FINL 6.00% PRF 14040H402 3,063 140,900 SH   SOLE 140,900 0 0
CARRIZO OIL & GAS COM 144577103 3,379 75,480 SH   SOLE 75,480 0 0
CHESAPEAKE ENERGY COM 165167107 4,030 148,500 SH   SOLE 148,500 0 0
CHEVRON CORP COM 166764100 10,855 86,899 SH   SOLE 86,899 0 0
CLIFFS NATURAL RESOURCES COM 18683K101 3,107 118,550 SH   SOLE 118,550 0 0
COCA COLA COM 191216100 6,238 151,000 SH   SOLE 151,000 0 0
COHEN & STEERS MLP FUND COM 19249B106 1,179 64,337 SH   SOLE 64,337 0 0
DEUTSCHE BANK 6.55% C17 PRF 25153X208 632 25,400 SH   SOLE 25,400 0 0
EWZ: BRAZIL INDEX COM 464286400 2,782 62,265 SH   SOLE 62,265 0 0
EXXON MOBIL COM 30231G102 6,468 63,912 SH   SOLE 63,912 0 0
FACEBOOK INC COM 30303M102 2,667 48,794 SH   SOLE 48,794 0 0
FAX: ABERDEEN- ASIA Bonds COM 3009107 3,255 565,025 SH   SOLE 565,025 0 0
FIFTH STREET FINANCE CO. COM 31678A103 2,763 298,725 SH   SOLE 298,725 0 0
GENERAL ELECTRIC COM 369604103 555 19,813 SH   SOLE 19,813 0 0
GLACIER BANCORP COM 37637Q105 298 10,000 SH   SOLE 10,000 0 0
GLD: GOLD INDEX COM 863307104 1,599 13,773 SH   SOLE 13,773 0 0
GOOGLE INC COM 38259P508 10,749 9,591 SH   SOLE 9,591 0 0
HASBRO INC COM 418056107 3,272 59,475 SH   SOLE 59,475 0 0
IBM COM 459200101 8,226 43,854 SH   SOLE 43,854 0 0
INTEL CORPORATION COM 458140100 244 9,388 SH   SOLE 9,388 0 0
JOHNSON & JOHNSON COM 478160104 4,672 51,012 SH   SOLE 51,012 0 0
KINDER MORGAN ENERGY LP COM 494550106 3,157 39,141 SH   SOLE 39,141 0 0
KKR FIN'L 8.375% C16 PRF 48248A405 1,584 59,075 SH   SOLE 59,075 0 0
McDONALD'S COM 580135101 5,453 56,201 SH   SOLE 56,201 0 0
MERRILL LYNCH 6.45% C11 PRF 590199204 2,154 87,200 SH   SOLE 87,200 0 0
METLIFE 3mo+100bps C10 PRF 59156R504 277 13,150 SH   SOLE 13,150 0 0
MORGAN STANLEY 6.6% C11 PRF 61750K208 912 37,538 SH   SOLE 37,538 0 0
NATIONAL-OILWELL VARCO COM 637071101 3,981 50,051 SH   SOLE 50,051 0 0
NESTLE COM 641069406 3,875 52,650 SH   SOLE 52,650 0 0
NORTHSTAR REALTY FINANCE COM 66704R100 834 62,000 SH   SOLE 62,000 0 0
NW BIOTHERAPEUTICS COM 66737P600 428 113,650 SH   SOLE 113,650 0 0
OCCIDENTAL PETROLEUM COM 674599105 5,283 55,550 SH   SOLE 55,550 0 0
PALO ALTO NETWORKS COM 697435105 5,885 102,408 SH   SOLE 102,408 0 0
PNC FINL CORP 6.125% PRF 693475857 3,422 135,525 SH   SOLE 135,525 0 0
POLARIS INDS INC COM 731068102 220 1,510 SH   SOLE 1,510 0 0
ROSETTA RESOURCES COM 777779307 5,016 104,406 SH   SOLE 104,406 0 0
SHIRE COM 82481R106 5,611 39,710 SH   SOLE 39,710 0 0
SONY COM 835699307 4,374 253,000 SH   SOLE 253,000 0 0
TARGET CORP COM 87612E106 202 3,200 SH   SOLE 3,200 0 0
US BANCORP 6.50% PRF 902973833 3,704 140,850 SH   SOLE 140,850 0 0
VANGUARD TOTAL STOCK MKT COM 922908769 355 3,700 SH   SOLE 3,700 0 0
VERIZON COMMUNICATIONS COM 92343V104 1,976 40,207 SH   SOLE 40,207 0 0
VERTEX COM 92532F100 4,983 67,064 SH   SOLE 67,064 0 0
WALT DISNEY CO. COM 254687106 7,149 93,567 SH   SOLE 93,567 0 0
WEATHERFORD INTL INC COM H27013103 3,864 249,475 SH   SOLE 249,475 0 0
WELLS FARGO BANK COM 949746101 4,778 105,240 SH   SOLE 105,240 0 0
ZIONS BANCORP 6.95% PRF 989701818 925 34,500 SH   SOLE 34,500 0 0