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
AFLAC INC COM 001055102 534 8,738 SH   SOLE 0 0 8,738
ALLIANCEBERNSTEIN GBL HGH IN COM 01879R106 177 14,200 SH   SOLE 0 0 14,200
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 374 50,000 SH   SOLE 0 0 50,000
ALPS ETF TR SECTR DIV DOGS 00162Q858 1,052 27,650 SH   SOLE 0 0 27,650
ALTRIA GROUP INC COM 02209S103 786 15,950 SH   SOLE 0 0 15,950
AMERICAN CAP LTD COM 02503Y103 674 46,099 SH   SOLE 0 0 46,099
AMERICAN CAPITAL AGENCY CORP COM 02503X105 356 16,303 SH   SOLE 0 0 16,303
AMERICAN EXPRESS CO COM 025816109 1,161 12,483 SH   SOLE 0 0 12,483
ANSYS INC COM 03662Q105 1,106 13,491 SH   SOLE 0 0 13,491
APPLE INC COM 037833100 1,245 11,281 SH   SOLE 0 0 11,281
ARCH COAL INC COM 039380100 50 28,000 SH   SOLE 0 0 28,000
ASHFORD HOSPITALITY PRIME IN COM 044102101 259 15,090 SH   SOLE 0 0 15,090
ASHFORD HOSPITALITY TR INC COM SHS 044103109 791 75,450 SH   SOLE 0 0 75,450
ASHFORD HOSPITALITY TR INC 9% CUM PFD SER E 044103505 1,016 38,350 SH   SOLE 0 0 38,350
AT&T INC COM 00206R102 212 6,319 SH   SOLE 0 0 6,319
BCE INC COM NEW 05534B760 631 13,765 SH   SOLE 0 0 13,765
BIOGEN IDEC INC COM 09062X103 333 980 SH   SOLE 0 0 980
BLACKROCK CORE BD TR SHS BEN INT 09249E101 232 17,606 SH   SOLE 0 0 17,606
BLACKROCK CR ALLCTN INC TR COM 092508100 1,335 103,344 SH   SOLE 0 0 103,344
BLACKROCK INCOME TR INC COM 09247F100 874 136,615 SH   SOLE 0 0 136,615
BRISTOL MYERS SQUIBB CO COM 110122108 702 11,895 SH   SOLE 0 0 11,895
CALAMOS GBL DYN INCOME FUND COM 12811L107 230 24,880 SH   SOLE 0 0 24,880
CANADIAN NATL RY CO COM 136375102 992 14,394 SH   SOLE 0 0 14,394
CENTRAL FD CDA LTD CL A 153501101 124 10,724 SH   SOLE 0 0 10,724
CERNER CORP COM 156782104 1,310 20,262 SH   SOLE 0 0 20,262
CHEVRON CORP NEW COM 166764100 604 5,380 SH   SOLE 0 0 5,380
CHURCH & DWIGHT INC COM 171340102 820 10,407 SH   SOLE 0 0 10,407
CIMAREX ENERGY CO COM 171798101 434 4,097 SH   SOLE 0 0 4,097
CLOROX CO DEL COM 189054109 812 7,788 SH   SOLE 0 0 7,788
COCA COLA CO COM 191216100 435 10,293 SH   SOLE 0 0 10,293
COGNEX CORP COM 192422103 736 17,810 SH   SOLE 0 0 17,810
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 946 17,964 SH   SOLE 0 0 17,964
COLGATE PALMOLIVE CO COM 194162103 899 12,987 SH   SOLE 0 0 12,987
COMCAST CORP NEW CL A 20030N101 798 13,757 SH   SOLE 0 0 13,757
CONOCOPHILLIPS COM 20825C104 634 9,183 SH   SOLE 0 0 9,183
COSTCO WHSL CORP NEW COM 22160K105 894 6,309 SH   SOLE 0 0 6,309
DANAHER CORP DEL COM 235851102 1,836 21,421 SH   SOLE 0 0 21,421
DISCOVER FINL SVCS COM 254709108 1,512 23,088 SH   SOLE 0 0 23,088
EASTMAN CHEM CO COM 277432100 372 4,903 SH   SOLE 0 0 4,903
EATON CORP PLC SHS G29183103 529 7,781 SH   SOLE 0 0 7,781
EMERSON ELEC CO COM 291011104 479 7,754 SH   SOLE 0 0 7,754
EOG RES INC COM 26875P101 1,211 13,149 SH   SOLE 0 0 13,149
EQUIFAX INC COM 294429105 619 7,656 SH   SOLE 0 0 7,656
EXXON MOBIL CORP COM 30231G102 1,067 11,544 SH   SOLE 0 0 11,544
FIRST TR EXCHANGE TRADED FD MULTI ASSET DI 33738R100 410 19,285 SH   SOLE 0 0 19,285
FIRST TR VALUE LINE DIVID IN SHS 33734H106 292 12,105 SH   SOLE 0 0 12,105
FLEETCOR TECHNOLOGIES INC COM 339041105 656 4,410 SH   SOLE 0 0 4,410
FORWARD AIR CORP COM 349853101 521 10,350 SH   SOLE 0 0 10,350
GALLAGHER ARTHUR J & CO COM 363576109 625 13,280 SH   SOLE 0 0 13,280
GDL FUND COM SH BEN IT 361570104 651 63,590 SH   SOLE 0 0 63,590
GENERAL ELECTRIC CO COM 369604103 1,054 41,727 SH   SOLE 0 0 41,727
GENERAL MLS INC COM 370334104 365 6,840 SH   SOLE 0 0 6,840
GILEAD SCIENCES INC COM 375558103 556 5,898 SH   SOLE 0 0 5,898
GLADSTONE CAPITAL CORP COM 376535100 89 10,800 SH   SOLE 0 0 10,800
GLADSTONE INVT CORP COM 376546107 1,497 213,870 SH   SOLE 0 0 213,870
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 566 13,233 SH   SOLE 0 0 13,233
HELMERICH & PAYNE INC COM 423452101 393 5,826 SH   SOLE 0 0 5,826
HENRY JACK & ASSOC INC COM 426281101 1,086 17,478 SH   SOLE 0 0 17,478
HONEYWELL INTL INC COM 438516106 299 2,991 SH   SOLE 0 0 2,991
INTEL CORP COM 458140100 1,052 28,988 SH   SOLE 0 0 28,988
INTUIT COM 461202103 884 9,586 SH   SOLE 0 0 9,586
IRIDIUM COMMUNICATIONS INC COM 46269C102 161 16,000 SH   SOLE 0 0 16,000
ISHARES U.S. PFD STK ETF 464288687 328 8,320 SH   SOLE 0 0 8,320
ISHARES US OIL&GS EX ETF 464288851 291 4,071 SH   SOLE 0 0 4,071
ISHARES TR SELECT DIVID ETF 464287168 218 2,747 SH   SOLE 0 0 2,747
ISHARES TR MSCI EMG MKT ETF 464287234 379 9,500 SH   SOLE 0 0 9,500
ISHARES TR 1-3 YR TR BD ETF 464287457 795 9,412 SH   SOLE 0 0 9,412
ISHARES TR MSCI EAFE ETF 464287465 330 5,430 SH   SOLE 0 0 5,430
ISHARES TR CORE S&P MCP ETF 464287507 218 1,507 SH   SOLE 0 0 1,507
ISHARES TR S&P MC 400GR ETF 464287606 716 4,483 SH   SOLE 0 0 4,483
ISHARES TR RUSSELL 2000 ETF 464287655 714 5,967 SH   SOLE 0 0 5,967
ISHARES TR S&P MC 400VL ETF 464287705 588 4,602 SH   SOLE 0 0 4,602
ISHARES TR CORE S&P SCP ETF 464287804 230 2,016 SH   SOLE 0 0 2,016
ISHARES TR SP SMCP600GR ETF 464287887 276 2,252 SH   SOLE 0 0 2,252
JOHNSON & JOHNSON COM 478160104 984 9,406 SH   SOLE 0 0 9,406
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 245 5,328 SH   SOLE 0 0 5,328
KAYNE ANDERSON ENERGY DEV CO COM 48660Q102 536 14,997 SH   SOLE 0 0 14,997
KINDER MORGAN INC DEL COM 49456B101 244 5,764 SH   SOLE 0 0 5,764
KLA-TENCOR CORP COM 482480100 292 4,155 SH   SOLE 0 0 4,155
KRAFT FOODS GROUP INC COM 50076Q106 566 9,027 SH   SOLE 0 0 9,027
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 16 25,000 PRN   SOLE 0 0 25,000
LMP CAP & INCOME FD INC COM 50208A102 674 40,194 SH   SOLE 0 0 40,194
MCG CAPITAL CORP COM 58047P107 1,217 317,630 SH   SOLE 0 0 317,630
MCKESSON CORP COM 58155Q103 1,342 6,467 SH   SOLE 0 0 6,467
MEDIA GEN INC NEW COM 58441K100 246 14,714 SH   SOLE 0 0 14,714
MEDLEY CAP CORP COM 58503F106 1,295 140,200 SH   SOLE 0 0 140,200
MICROSOFT CORP COM 594918104 813 17,509 SH   SOLE 0 0 17,509
MILLENNIAL MEDIA INC COM 60040N105 51 32,000 SH   SOLE 0 0 32,000
MOLYCORP INC DEL COM 608753109 14 16,000 SH   SOLE 0 0 16,000
MORGAN STANLEY EM MKTS DM DE COM 617477104 289 27,325 SH   SOLE 0 0 27,325
NASDAQ OMX GROUP INC COM 631103108 585 12,190 SH   SOLE 0 0 12,190
NATIONAL OILWELL VARCO INC COM 637071101 489 7,468 SH   SOLE 0 0 7,468
NEW YORK REIT INC COM 64976L109 138 13,058 SH   SOLE 0 0 13,058
OCCIDENTAL PETE CORP DEL COM 674599105 289 3,582 SH   SOLE 0 0 3,582
OCEANEERING INTL INC COM 675232102 394 6,691 SH   SOLE 0 0 6,691
ORGANOVO HLDGS INC COM 68620A104 236 31,000 SH   SOLE 0 0 31,000
PACIFIC COAST OIL TR UNIT BEN INT 694103102 56 11,000 SH   SOLE 0 0 11,000
PAYCHEX INC COM 704326107 634 13,733 SH   SOLE 0 0 13,733
PENNANTPARK FLOATING RATE CA COM 70806A106 761 55,400 SH   SOLE 0 0 55,400
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 593 31,495 SH   SOLE 0 0 31,495
POLARIS INDS INC COM 731068102 1,296 8,569 SH   SOLE 0 0 8,569
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 275 14,909 SH   SOLE 0 0 14,909
POWERSHARES ETF TR II S&P500 LOW VOL 73937B779 521 13,737 SH   SOLE 0 0 13,737
POWERSHARES ETF TR II S&P SMCP HC PO 73937B886 439 7,340 SH   SOLE 0 0 7,340
POWERSHARES ETF TRUST NASD INTNT ETF 73935X146 1,123 16,736 SH   SOLE 0 0 16,736
POWERSHARES ETF TRUST DYN BIOT & GEN 73935X856 1,556 30,987 SH   SOLE 0 0 30,987
POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT 73936T573 302 10,715 SH   SOLE 0 0 10,715
POWERSHARES GLOBAL ETF TRUST DEV MKTS EX-US 73936T789 649 16,423 SH   SOLE 0 0 16,423
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,283 11,924 SH   SOLE 0 0 11,924
PRAXAIR INC COM 74005P104 793 6,120 SH   SOLE 0 0 6,120
PRICE T ROWE GROUP INC COM 74144T108 730 8,501 SH   SOLE 0 0 8,501
PROSHARES TR PSHS LC COR PLUS 74347R248 311 3,086 SH   SOLE 0 0 3,086
QUALCOMM INC COM 747525103 407 5,471 SH   SOLE 0 0 5,471
RARE ELEMENT RES LTD COM 75381M102 5 14,000 SH   SOLE 0 0 14,000
REALTY INCOME CORP COM 756109104 226 4,740 SH   SOLE 0 0 4,740
ROPER INDS INC NEW COM 776696106 1,280 8,188 SH   SOLE 0 0 8,188
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 472 5,900 SH   SOLE 0 0 5,900
RYDEX ETF TRUST GUG S&P500 PU GR 78355W403 874 10,985 SH   SOLE 0 0 10,985
RYDEX ETF TRUST GUG S&P500EQWTHC 78355W841 892 6,160 SH   SOLE 0 0 6,160
SARATOGA INVT CORP COM NEW 80349A208 599 40,357 SH   SOLE 0 0 40,357
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 548 6,918 SH   SOLE 0 0 6,918
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 351 13,650 SH   SOLE 0 0 13,650
SOUTHWEST AIRLS CO COM 844741108 212 5,000 SH   SOLE 0 0 5,000
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 351 1,974 SH   SOLE 0 0 1,974
SPDR S&P 500 ETF TR TR UNIT 78462F103 588 2,859 SH   SOLE 0 0 2,859
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 938 3,351 SH   SOLE 0 0 3,351
SPDR SERIES TRUST AEROSPACE DEF 78464A631 1,034 9,460 SH   SOLE 0 0 9,460
STRYKER CORP COM 863667101 620 6,577 SH   SOLE 0 0 6,577
UNILEVER PLC SPON ADR NEW 904767704 330 8,149 SH   SOLE 0 0 8,149
UNITED TECHNOLOGIES CORP COM 913017109 1,815 15,779 SH   SOLE 0 0 15,779
UNITEDHEALTH GROUP INC COM 91324P102 874 8,646 SH   SOLE 0 0 8,646
US BANCORP DEL COM NEW 902973304 430 9,569 SH   SOLE 0 0 9,569
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 266 3,325 SH   SOLE 0 0 3,325
VANGUARD INDEX FDS REIT ETF 922908553 393 4,846 SH   SOLE 0 0 4,846
VANGUARD INDEX FDS MID CAP ETF 922908629 408 3,306 SH   SOLE 0 0 3,306
VANGUARD INDEX FDS TOTAL STK MKT 922908769 723 6,821 SH   SOLE 0 0 6,821
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 2,574 31,719 SH   SOLE 0 0 31,719
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 3,410 49,603 SH   SOLE 0 0 49,603
VANGUARD WORLD FDS MATERIALS ETF 92204A801 461 4,295 SH   SOLE 0 0 4,295
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 1,235 90,630 SH   SOLE 0 0 90,630
WESTERN ASSET EMRG MKT DEBT COM 95766A101 1,202 76,285 SH   SOLE 0 0 76,285
WISDOMTREE TR EMERG MKTS ETF 97717W315 424 10,061 SH   SOLE 0 0 10,061
WISDOMTREE TR SMLCAP EARN FD 97717W562 501 6,052 SH   SOLE 0 0 6,052