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
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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 1055102 270 4,347 SH   SOLE   0 0 4,347
ALPS Alerian MLP ETF ALERIAN MLP 00162Q866 3,620 232,679 SH   SOLE   0 0 232,679
Altria Group Inc. COM 02209S103 10,318 210,959 SH   SOLE   0 0 210,959
American Electric Power Co Inc. COM 25537101 501 9,464 SH   SOLE   0 0 9,464
American Express Co. COM 25816109 544 7,000 SH   SOLE   0 0 7,000
American Realty Capital Properties, Inc. COM 02917T104 12,508 1,538,523 SH   SOLE   0 0 1,538,523
AmeriGas Partners LP UNIT L P INT 30975106 9,248 202,327 SH   SOLE   0 0 202,327
Ameriprise Financial, Inc. COM 03076C106 262 2,100 SH   SOLE   0 0 2,100
Apple, Inc. COM 37833100 3,846 30,662 SH   SOLE   0 0 30,662
ARC NY Recovery REIT CALL 64976L109 9,816 986,492 SH   SOLE   0 0 986,492
AT&T, Inc. COM 00206R102 1,783 50,206 SH   SOLE   0 0 50,206
Baxter International COM 71813109 215 3,074 SH   SOLE   0 0 3,074
Berkshire Hathaway B CL B NEW 84670702 282 2,071 SH   SOLE   0 0 2,071
Blackrock Inc COM 09247X101 872 2,521 SH   SOLE   0 0 2,521
BlackRock MuniYield PA COM 09255G107 518 38,600 SH   SOLE   0 0 38,600
Bristol-Myers Squibb Co. COM 110122108 836 12,571 SH   SOLE   0 0 12,571
Buckeye Partners, L.P. UNIT LTD PARTN 118230101 1,116 15,093 SH   SOLE   0 0 15,093
Calamos Convertible & High Income Fd COM SHS 12811P108 3,073 231,248 SH   SOLE   0 0 231,248
Calamos Convertible Opprtnty Fund SH BEN INT 128117108 448 36,686 SH   SOLE   0 0 36,686
Calamos Strategic Total Return Fund COM SH BEN INT 128125101 5,817 530,257 SH   SOLE   0 0 530,257
CBS Corporation CL B 124857202 353 6,365 SH   SOLE   0 0 6,365
Chevron Corporation COM 166764100 1,134 11,758 SH   SOLE   0 0 11,758
Chubb Corp. COM 171232101 206 2,168 SH   SOLE   0 0 2,168
Coca-Cola Company COM 191216100 425 10,833 SH   SOLE   0 0 10,833
Comcast Corp Cl A CL A 20030N101 577 9,597 SH   SOLE   0 0 9,597
ConocoPhillips COM 20825C104 238 3,879 SH   SOLE   0 0 3,879
Danaher Corp COM 235851102 2,350 27,455 SH   SOLE   0 0 27,455
Darden Restaurants COM 237194105 208 2,925 SH   SOLE   0 0 2,925
DCP Midstream Partners LP COM UT LTD PTN 23311P100 1,676 54,604 SH   SOLE   0 0 54,604
Dentsply Intl Inc COM 249030107 2,116 41,055 SH   SOLE   0 0 41,055
E.I. du Pont de Nemours & Co. COM 263534109 200 3,130 SH   SOLE   0 0 3,130
Eaton Vance Enhanced Equity Income II COM 278277108 226 16,300 SH   SOLE   0 0 16,300
Enbridge Energy Management LLC SHS UNITS LLI 29250X103 1,433 43,413 SH   SOLE   0 0 43,413
Enbridge Energy Partners LP COM 29250R106 201 6,020 SH   SOLE   0 0 6,020
Enterprise Products Partners LP COM 293792107 6,027 201,640 SH   SOLE   0 0 201,640
Exxon Mobil Corporation COM 30231G102 2,249 27,032 SH   SOLE   0 0 27,032
Fiduciary-Claymore MLP Oppty Fund COM 31647Q106 1,132 50,877 SH   SOLE   0 0 50,877
Financial Sector Spdr Tr SBI INT_FINL 81369Y605 357 14,640 SH   SOLE   0 0 14,640
General Electric Co. COM 369604103 1,709 64,332 SH   SOLE   0 0 64,332
Genuine Parts Company COM 372460105 668 7,465 SH   SOLE   0 0 7,465
Intl Business Mach Corp. COM 459200101 476 2,926 SH   SOLE   0 0 2,926
iShares MSCI EAFE Index MSCI EAFE ETF 464287465 1,679 26,450 SH   SOLE   0 0 26,450
iShares Russell 1000 Growth RUSSELL1000GRW 464287614 1,521 15,363 SH   SOLE   0 0 15,363
iShares Russell 2000 RUSSELL 2000 464287655 443 3,546 SH   SOLE   0 0 3,546
iShares Russell 2000 Value RUS 2000 VAL EFT 464287630 260 2,550 SH   SOLE   0 0 2,550
iShares Russell Midcap RUSSELL MIDCAP 464287499 858 5,037 SH   SOLE   0 0 5,037
iShares Russell Midcap Growth RUSSELL MCP GR 464287481 651 6,721 SH   SOLE   0 0 6,721
iShares Russell Midcap Value RUSSELL MCP VL 464287473 350 4,747 SH   SOLE   0 0 4,747
iShares S&P 500 S&P 500 INDEX 464287200 1,664 8,028 SH   SOLE   0 0 8,028
Johnson & Johnson COM 478160104 2,613 26,810 SH   SOLE   0 0 26,810
JP Morgan Chase & Co. COM 46625H100 371 5,471 SH   SOLE   0 0 5,471
Kinder Morgan Inc. COM 49456B101 28,286 736,808 SH   SOLE   0 0 736,808
KKR & Co. LP COM UNITS 48248M102 412 18,026 SH   SOLE   0 0 18,026
M & T Bank Corp COM 55261F104 643 5,149 SH   SOLE   0 0 5,149
Magellan Midstream Partners LP COM UNIT RP LP 559080106 2,348 32,000 SH   SOLE   0 0 32,000
MarkWest Energy Partners L.P. UNIT LTD PARTN 570759100 9,923 175,998 SH   SOLE   0 0 175,998
McDonald's Corporation COM 580135101 212 2,232 SH   SOLE   0 0 2,232
Merck & Co., Inc. COM 58933Y105 235 4,130 SH   SOLE   0 0 4,130
Mercury General Corporation COM 589400100 392 7,040 SH   SOLE   0 0 7,040
Microsoft Corp. COM 594918104 703 15,913 SH   SOLE   0 0 15,913
NextEra Energy Inc. COM 65339F101 257 2,625 SH   SOLE   0 0 2,625
Omnicom Group COM 681919106 226 3,249 SH   SOLE   0 0 3,249
Oracle Corp. COM 68389X105 406 10,084 SH   SOLE   0 0 10,084
People's United Financial Inc. COM 712704105 739 45,592 SH   SOLE   0 0 45,592
Pepsico, Inc. COM 713448108 3,493 37,422 SH   SOLE   0 0 37,422
Pfizer, Inc. COM 717081103 623 18,575 SH   SOLE   0 0 18,575
Philip Morris International Inc. COM 718172109 1,181 14,728 SH   SOLE   0 0 14,728
Plains All Amer Pipeline LP UNIT LTD PARTN 726503105 465 10,665 SH   SOLE   0 0 10,665
PNC Financial Services Group COM 693475105 765 7,999 SH   SOLE   0 0 7,999
PowerShares Build America Bond BUILD AMER ETF 73937B407 447 15,518 SH   SOLE   0 0 15,518
Powershares Intl. Dividend Achievers INTL DIV ACHV 73935X716 237 13,864 SH   SOLE   0 0 13,864
PowerShares Preferred AGG PFD PORT 73936T565 1,384 95,252 SH   SOLE   0 0 95,252
PowerShares Senior Loan Port SENIOR LN PORT 73936Q769 213 8,945 SH   SOLE   0 0 8,945
PPG Industries Inc. COM 693506107 551 4,800 SH   SOLE   0 0 4,800
Procter & Gamble Co. COM 742718109 3,488 44,582 SH   SOLE   0 0 44,582
Realty Income Corp. COM 756109104 3,312 74,602 SH   SOLE   0 0 74,602
Schwab Fundamental Emerg Mkts Lg Co ETF SCHWB FDT EMK LG 808524730 280 11,685 SH   SOLE   0 0 11,685
Schwab Fundamental Intl Sm Co ETF SCHWB FDT INT SC 808524748 393 14,100 SH   SOLE   0 0 14,100
SPDR BarCap Convertible Securities BRC CNV SECS EFT 78464A359 255 5,365 SH   SOLE   0 0 5,365
SPDR S&P Dividend ETF S&P DIVID ETF 78464A763 8,480 111,276 SH   SOLE   0 0 111,276
SPDR S&P Regional Banking ETF S&P REGL BKG 78464A698 1,420 32,146 SH   SOLE   0 0 32,146
Stryker Corp COM 863667101 226 2,367 SH   SOLE   0 0 2,367
Target Corporation COM 87612E106 612 7,496 SH   SOLE   0 0 7,496
Texas Instruments, Inc. COM 882508104 492 9,554 SH   SOLE   0 0 9,554
Time Warner Cable, Inc. COM 88732J207 355 1,992 SH   SOLE   0 0 1,992
Toronto Dominion Bank COM NEW 891160509 204 4,790 SH   SOLE   0 0 4,790
United Health Group COM 91324P102 266 2,180 SH   SOLE   0 0 2,180
United Parcel Service Inc. CL B 911312106 217 2,235 SH   SOLE   0 0 2,235
United Technologies COM 913017109 727 6,554 SH   SOLE   0 0 6,554
Vanguard Dividend Appreciation DIV APP ETF 921908844 327 4,157 SH   SOLE   0 0 4,157
Vanguard REIT REIT ETF 922908553 447 5,984 SH   SOLE   0 0 5,984
Ventas Inc COM 92276F100 6,789 109,344 SH   SOLE   0 0 109,344
Verizon Communications, Inc. COM 92343V104 364 7,819 SH   SOLE   0 0 7,819
Wal-Mart Stores, Inc. COM 931142103 205 2,885 SH   SOLE   0 0 2,885
Wells Fargo & Co. COM 949746101 264 4,700 SH   SOLE   0 0 4,700