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
VERIZON COMMUNICATIONS INC COM 92343V104 29,293 602,375 SH   SOLE   0 0 602,375
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 18,103 751,503 SH   SOLE   0 0 751,503
GENERAL ELECTRIC CO COM 369604103 10,607 427,558 SH   SOLE   0 0 427,558
SCHLUMBERGER LTD COM 806857108 10,342 123,945 SH   SOLE   0 0 123,945
INTL PAPER CO COM 460146103 10,188 183,608 SH   SOLE   0 0 183,608
JOHNSON & JOHNSON COM 478160104 10,016 99,563 SH   SOLE   0 0 99,563
PNC FINL SVCS GROUP INC COM 693475105 9,128 97,904 SH   SOLE   0 0 97,904
AGRIUM INC COM 008916108 8,107 77,753 SH   SOLE   0 0 77,753
BOEING CO COM 097023105 7,995 53,278 SH   SOLE   0 0 53,278
ENTERPRISE PRODS PARTNERS L COM 293792107 7,949 241,402 SH   SOLE   0 0 241,402
DU PONT E I DE NEMOURS & CO COM 263534109 7,909 110,674 SH   SOLE   0 0 110,674
BAXTER INTL INC COM 071813109 7,609 111,080 SH   SOLE   0 0 111,080
EMERSON ELEC CO COM 291011104 7,533 133,055 SH   SOLE   0 0 133,055
WEYERHAEUSER CO COM 962166104 7,438 224,400 SH   SOLE   0 0 224,400
CONOCOPHILLIPS COM 20825C104 7,398 118,829 SH   SOLE   0 0 118,829
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 7,245 157,000 SH   SOLE   0 0 157,000
JOHNSON CTLS INC COM 478366107 6,464 128,169 SH   SOLE   0 0 128,169
TRANSCANADA CORP COM 89353D107 5,305 124,200 SH   SOLE   0 0 124,200
CSX CORP COM 126408103 4,852 146,523 SH   SOLE   0 0 146,523
SILVER WHEATON CORP COM 828336107 4,490 236,085 SH   SOLE   0 0 236,085
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 4,436 24,985 SH   SOLE   0 0 24,985
KEYCORP NEW COM 493267108 4,112 290,415 SH   SOLE   0 0 290,415
NEXTERA ENERGY INC COM 65339F101 4,048 38,911 SH   SOLE   0 0 38,911
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 3,360 62,692 SH   SOLE   0 0 62,692
ISHARES TR SELECT DIVID ETF 464287168 3,333 42,766 SH   SOLE   0 0 42,766
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 3,079 29,157 SH   SOLE   0 0 29,157
PROSHARES TR PSHS ULTSH 20YRS 74347B201 3,000 71,666 SH   SOLE   0 0 71,666
AMGEN INC COM 031162100 2,821 17,651 SH   SOLE   0 0 17,651
NEWMONT MINING CORP COM 651639106 2,677 123,340 SH   SOLE   0 0 123,340
TRINITY INDS INC COM 896522109 2,630 74,075 SH   SOLE   0 0 74,075
JPMORGAN CHASE & CO COM 46625H100 2,556 42,192 SH   SOLE   0 0 42,192
ZOETIS INC CL A 98978V103 2,395 51,753 SH   SOLE   0 0 51,753
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 2,346 60,349 SH   SOLE   0 0 60,349
AIR PRODS & CHEMS INC COM 009158106 2,337 15,451 SH   SOLE   0 0 15,451
MICROSOFT CORP COM 594918104 2,302 56,626 SH   SOLE   0 0 56,626
ALPS ETF TR ALERIAN MLP 00162Q866 2,152 129,902 SH   SOLE   0 0 129,902
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 2,063 38,051 SH   SOLE   0 0 38,051
METLIFE INC COM 59156R108 2,048 40,517 SH   SOLE   0 0 40,517
ISHARES TR NASDQ BIOTEC ETF 464287556 2,028 5,907 SH   SOLE   0 0 5,907
POTASH CORP SASK INC COM 73755L107 1,999 61,995 SH   SOLE   0 0 61,995
BARRICK GOLD CORP COM 067901108 1,946 177,630 SH   SOLE   0 0 177,630
DEERE & CO COM 244199105 1,879 21,429 SH   SOLE   0 0 21,429
INTEL CORP COM 458140100 1,817 58,130 SH   SOLE   0 0 58,130
PENGROWTH ENERGY CORP COM 70706P104 1,726 577,415 SH   SOLE   0 0 577,415
BLACKROCK INC COM 09247X101 1,625 4,443 SH   SOLE   0 0 4,443
MERCK & CO INC NEW COM 58933Y105 1,518 26,419 SH   SOLE   0 0 26,419
UNITED TECHNOLOGIES CORP COM 913017109 1,347 11,493 SH   SOLE   0 0 11,493
AT&T INC COM 00206R102 1,304 39,940 SH   SOLE   0 0 39,940
CAMECO CORP COM 13321L108 1,205 86,575 SH   SOLE   0 0 86,575
TERADATA CORP DEL COM 88076W103 1,197 27,120 SH   SOLE   0 0 27,120
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,187 13,525 SH   SOLE   0 0 13,525
CATERPILLAR INC DEL COM 149123101 1,182 14,778 SH   SOLE   0 0 14,778
TELEFONICA S A SPONSORED ADR 879382208 1,179 82,209 SH   SOLE   0 0 82,209
AQUA AMERICA INC COM 03836W103 1,147 43,550 SH   SOLE   0 0 43,550
DISNEY WALT CO COM DISNEY 254687106 1,136 10,838 SH   SOLE   0 0 10,838
INGERSOLL-RAND PLC SHS G47791101 1,103 16,215 SH   SOLE   0 0 16,215
POWERSHARES ETF TRUST WATER RESOURCE 73935X575 1,090 43,784 SH   SOLE   0 0 43,784
HUDSON CITY BANCORP COM 443683107 1,078 102,944 SH   SOLE   0 0 102,944
AMERICAN EXPRESS CO COM 025816109 1,055 13,517 SH   SOLE   0 0 13,517
EXXON MOBIL CORP COM 30231G102 1,036 12,195 SH   SOLE   0 0 12,195
ISHARES TR U.S. REAL ES ETF 464287739 1,018 12,836 SH   SOLE   0 0 12,836
MASCO CORP COM 574599106 983 36,828 SH   SOLE   0 0 36,828
QUALCOMM INC COM 747525103 959 13,844 SH   SOLE   0 0 13,844
ISHARES GL TIMB FORE ETF 464288174 940 17,227 SH   SOLE   0 0 17,227
DOW CHEM CO COM 260543103 939 19,574 SH   SOLE   0 0 19,574
EAGLE MATERIALS INC COM 26969P108 878 10,510 SH   SOLE   0 0 10,510
SPDR SERIES TRUST S&P REGL BKG 78464A698 878 21,505 SH   SOLE   0 0 21,505
ARCH COAL INC COM 039380100 842 842,776 SH   SOLE   0 0 842,776
SCHEIN HENRY INC COM 806407102 841 6,025 SH   SOLE   0 0 6,025
ISHARES US OIL EQ&SV ETF 464288844 807 17,187 SH   SOLE   0 0 17,187
CHEVRON CORP NEW COM 166764100 806 7,686 SH   SOLE   0 0 7,686
WESTERN UN CO COM 959802109 715 34,380 SH   SOLE   0 0 34,380
ISHARES TR US HLTHCARE ETF 464287762 713 4,625 SH   SOLE   0 0 4,625
NORFOLK SOUTHERN CORP COM 655844108 689 6,696 SH   SOLE   0 0 6,696
ISHARES TR GLOBAL FINLS ETF 464287333 686 12,055 SH   SOLE   0 0 12,055
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 678 12,175 SH   SOLE   0 0 12,175
PENSKE AUTOMOTIVE GRP INC COM 70959W103 655 12,725 SH   SOLE   0 0 12,725
HONEYWELL INTL INC COM 438516106 635 6,094 SH   SOLE   0 0 6,094
WELLS FARGO & CO NEW COM 949746101 632 11,633 SH   SOLE   0 0 11,633
CANADIAN PAC RY LTD COM 13645T100 630 3,450 SH   SOLE   0 0 3,450
PFIZER INC COM 717081103 620 17,849 SH   SOLE   0 0 17,849
BLOOMIN BRANDS INC COM 094235108 607 24,950 SH   SOLE   0 0 24,950
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 606 25,135 SH   SOLE   0 0 25,135
KKR & CO L P DEL COM UNITS 48248M102 566 24,850 SH   SOLE   0 0 24,850
CHESAPEAKE ENERGY CORP COM 165167107 552 39,037 SH   SOLE   0 0 39,037
ANNALY CAP MGMT INC COM 035710409 526 50,593 SH   SOLE   0 0 50,593
COMCAST CORP NEW CL A 20030N101 470 8,336 SH   SOLE   0 0 8,336
HERSHEY CO COM 427866108 459 4,557 SH   SOLE   0 0 4,557
REDWOOD TR INC COM 758075402 430 24,090 SH   SOLE   0 0 24,090
BANK NEW YORK MELLON CORP COM 064058100 424 10,547 SH   SOLE   0 0 10,547
ENCANA CORP COM 292505104 405 36,400 SH   SOLE   0 0 36,400
DEUTSCHE BK AG LDN BRH GOLD DOUBLE SHOR 25154H756 396 53,975 SH   SOLE   0 0 53,975
TORONTO DOMINION BK ONT COM NEW 891160509 393 9,175 SH   SOLE   0 0 9,175
EATON VANCE SR FLTNG RTE TR COM 27828Q105 390 27,025 SH   SOLE   0 0 27,025
BANK AMER CORP COM 060505104 384 25,014 SH   SOLE   0 0 25,014
KINDER MORGAN INC DEL COM 49456B101 367 8,731 SH   SOLE   0 0 8,731
ISHARES TR IBOXX INV CP ETF 464287242 353 2,907 SH   SOLE   0 0 2,907
SPECTRA ENERGY CORP COM 847560109 349 9,661 SH   SOLE   0 0 9,661
ABBVIE INC COM 00287Y109 324 5,550 SH   SOLE   0 0 5,550
AEGON N V NY REGISTRY SH 007924103 293 37,015 SH   SOLE   0 0 37,015
CORNING INC COM 219350105 269 11,883 SH   SOLE   0 0 11,883
PEPSICO INC COM 713448108 261 2,738 SH   SOLE   0 0 2,738
PEABODY ENERGY CORP COM 704549104 261 53,112 SH   SOLE   0 0 53,112
CONSOLIDATED EDISON INC COM 209115104 257 4,218 SH   SOLE   0 0 4,218
APPLE INC COM 037833100 256 2,061 SH   SOLE   0 0 2,061
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 248 2,036 SH   SOLE   0 0 2,036
FIRST NIAGARA FINL GP INC COM 33582V108 242 27,444 SH   SOLE   0 0 27,444
BRISTOL MYERS SQUIBB CO COM 110122108 240 3,726 SH   SOLE   0 0 3,726
FORD MTR CO DEL COM PAR $0.01 345370860 224 13,929 SH   SOLE   0 0 13,929
LEGGETT & PLATT INC COM 524660107 220 4,775 SH   SOLE   0 0 4,775
MARKET VECTORS ETF TR COAL ETF 57060U837 218 16,425 SH   SOLE   0 0 16,425
CITIGROUP INC COM NEW 172967424 213 4,149 SH   SOLE   0 0 4,149
3M CO COM 88579Y101 208 1,261 SH   SOLE   0 0 1,261
SMUCKER J M CO COM NEW 832696405 206 1,787 SH   SOLE   0 0 1,787
ISHARES TR U.S. BAS MTL ETF 464287838 201 2,460 SH   SOLE   0 0 2,460
PENN WEST PETE LTD NEW COM 707887105 46 28,376 SH   SOLE   0 0 28,376
ALPHA NATURAL RESOURCES INC COM 02076X102 26 26,975 SH   SOLE   0 0 26,975
FRONTIER COMMUNICATIONS CORP COM 35906A108 147 20,918 SH   SOLE   0 0 20,918