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
ARC NY Recovery REIT COM 64976L109 11,435 994,335 SH   SOLE   0 0 994,335
VEREIT, Inc. Cl A COM 92339V100 7,508 948,007 SH   SOLE   0 0 948,007
Vanguard Short Term Bond Index Fund SHORT TRM BOND 921937827 48,137 604,961 SH   SOLE   0 0 604,961
Calamos Strategic Return Fund COM SH BEN INT 128125101 4,613 465,987 SH   SOLE   0 0 465,987
ALPS Alerian MLP ETF ALERIAN MLP 00162Q866 3,592 298,097 SH   SOLE   0 0 298,097
Customers Bancorp, Inc. COM 23204G100 8,020 294,637 SH   SOLE   0 0 294,637
Vanguard FTSE All-World ex-US ETF ALLWRLD EX US 922042775 11,310 260,534 SH   SOLE   0 0 260,534
Altria Group Inc. COM 02209S103 11,900 204,440 SH   SOLE   0 0 204,440
Enterprise Products Partners LP COM 293792107 5,142 201,031 SH   SOLE   0 0 201,031
AmeriGas Partners LP UNIT L P INT 30975106 6,876 200,641 SH   SOLE   0 0 200,641
Calamos Convertible & High Income Fd COM SHS 12811P108 2,057 195,682 SH   SOLE   0 0 195,682
iShares MSCI EAFE Index MSCI EAFE ETF 464287465 9,950 169,449 SH   SOLE   0 0 169,449
People's United Financial Inc. COM 712704105 2,329 144,181 SH   SOLE   0 0 144,181
PowerShares Senior Loan Port SENIOR LN PORT 73936Q769 3,160 141,090 SH   SOLE   0 0 141,090
PowerShares Preferred AGG PFD PORT 73936T565 1,386 92,680 SH   SOLE   0 0 92,680
Ventas Inc COM 92276F100 5,031 89,156 SH   SOLE   0 0 89,156
SPDR S&P Dividend ETF S&P DIVID ETF 78464A763 6,305 85,706 SH   SOLE   0 0 85,706
Kinder Morgan Inc. COM 49456B101 1,275 85,479 SH   SOLE   0 0 85,479
Realty Income Corp. COM 756109104 3,390 65,653 SH   SOLE   0 0 65,653
MPLX LP COM UNIT REP LTD 55336V100 2,395 60,893 SH   SOLE   0 0 60,893
iShares Russell 1000 Growth RUSSELL1000GRW 464287614 5,824 58,545 SH   SOLE   0 0 58,545
DCP Midstream Partners LP COM UT LTD PTN 23311P100 1,332 53,999 SH   SOLE   0 0 53,999
SPDR S&P 500 ETF TR UNIT 78462F103 10,898 53,455 SH   SOLE   0 0 53,455
AT&T, Inc. COM 00206R102 1,824 53,014 SH   SOLE   0 0 53,014
Dentsply Intl Inc COM 249030107 2,863 47,055 SH   SOLE   0 0 47,055
Procter & Gamble Co. COM 742718109 3,609 45,443 SH   SOLE   0 0 45,443
Apple, Inc. COM 37833100 4,723 44,873 SH   SOLE   0 0 44,873
iShares Russell 1000 Value RUS 1000 VAL ETF 464287598 4,295 43,884 SH   SOLE   0 0 43,884
BlackRock MuniYield PA COM 09255G107 574 39,495 SH   SOLE   0 0 39,495
General Electric Co. COM 369604103 1,218 39,095 SH   SOLE   0 0 39,095
SPDR BarCap Convertible Securities BRC CNV SECS EFT 78464A359 1,683 38,890 SH   SOLE   0 0 38,890
Guggenheim BulletShares 2016 Corp. Bond GUGG CRP BD 2016 18383M555 839 38,000 SH   SOLE   0 0 38,000
Pepsico, Inc. COM 713448108 3,554 35,565 SH   SOLE   0 0 35,565
NBT Bancorp Inc COM 628778102 908 32,567 SH   SOLE   0 0 32,567
Enbridge Energy Management LLC SHS UNITS LLI 29250X103 717 32,129 SH   SOLE   0 0 32,129
Magellan Midstream Partners LP COM UNIT RP LP 559080106 2,173 32,000 SH   SOLE   0 0 32,000
SPDR S&P Regional Banking ETF S&P REGL BKG 78464A698 1,308 31,201 SH   SOLE   0 0 31,201
Johnson & Johnson COM 478160104 3,168 30,838 SH   SOLE   0 0 30,838
Calamos Convertible Opprtnty Fund SH BEN INT 128117108 286 28,810 SH   SOLE   0 0 28,810
Schwab U.S. Large Cap Growth US LCAP GR ETF 808524300 1,463 27,687 SH   SOLE   0 0 27,687
Danaher Corp COM 235851102 2,536 27,299 SH   SOLE   0 0 27,299
Zayo Group Holdings, Inc. COM 98919V105 693 26,055 SH   SOLE   0 0 26,055
Schwab Fundamental Intl Sm Co ETF SCHWB FDT INT SC 808524748 690 25,926 SH   SOLE   0 0 25,926
iShares Russell Midcap Value RUSSELL MCP VL 464287473 1,730 25,190 SH   SOLE   0 0 25,190
Vanguard FTSE Developed Markets ETF FTSE DEV MKT ETF 921943858 847 23,064 SH   SOLE   0 0 23,064
SPDR MSCI ACWI ex-US ETF MSCI ACWI EXUS 78463X848 709 23,010 SH   SOLE   0 0 23,010
Schwab Fundamental Emerg Mkts Lg Co ETF SCHWB FDT EMK LG 808524730 383 20,887 SH   SOLE   0 0 20,887
Exxon Mobil Corporation COM 30231G102 1,618 20,752 SH   SOLE   0 0 20,752
iShares S&P 500 S&P 500 INDEX 464287200 4,249 20,740 SH   SOLE   0 0 20,740
Microsoft Corp. COM 594918104 978 17,630 SH   SOLE   0 0 17,630
Gentex Corp COM 371901109 272 17,002 SH   SOLE   0 0 17,002
Fiduciary-Claymore MLP Oppty Fund COM 31647Q106 216 16,627 SH   SOLE   0 0 16,627
Financial Sector Spdr Tr SBI INT_FINL 81369Y605 384 16,135 SH   SOLE   0 0 16,135
Philip Morris International Inc. COM 718172109 1,363 15,507 SH   SOLE   0 0 15,507
Eaton Vance Enhanced Equity Income II COM 278277108 211 15,500 SH   SOLE   0 0 15,500
Pfizer, Inc. COM 717081103 499 15,465 SH   SOLE   0 0 15,465
Buckeye Partners, L.P. UNIT LTD PARTN 118230101 996 15,093 SH   SOLE   0 0 15,093
Texas Instruments, Inc. COM 882508104 789 14,390 SH   SOLE   0 0 14,390
iShares Russell 2000 RUSSELL 2000 464287655 1,602 14,226 SH   SOLE   0 0 14,226
Schwab US Broad Market ETF US BRD MKT ETF 808524102 653 13,307 SH   SOLE   0 0 13,307
The Blackstone Group L.P. COM UNIT LTD 09253U108 355 12,150 SH   SOLE   0 0 12,150
PNC Financial Services Group COM 693475105 1,089 11,422 SH   SOLE   0 0 11,422
Vanguard REIT REIT ETF 922908553 899 11,270 SH   SOLE   0 0 11,270
Merck & Co., Inc. COM 58933Y105 593 11,228 SH   SOLE   0 0 11,228
iShares S&P Midcap 400 CORE S&P MCP ETF 464287507 1,560 11,199 SH   SOLE   0 0 11,199
Chevron Corporation COM 166764100 1,000 11,117 SH   SOLE   0 0 11,117
Coca-Cola Company COM 191216100 464 10,790 SH   SOLE   0 0 10,790
Bristol-Myers Squibb Co. COM 110122108 734 10,671 SH   SOLE   0 0 10,671
National Penn Bank Shares COM 637138108 127 10,318 SH   SOLE   0 0 10,318
Accenture LTD SHS CLASS A G1151C101 1,053 10,081 SH   SOLE   0 0 10,081
PowerShares Build America Bond BUILD AMER ETF 73937B407 281 9,698 SH   SOLE   0 0 9,698
Comcast Corp Cl A CL A 20030N101 542 9,597 SH   SOLE   0 0 9,597
Care Capital Properties Inc COM 141624106 289 9,440 SH   SOLE   0 0 9,440
Verizon Communications, Inc. COM 92343V104 426 9,221 SH   SOLE   0 0 9,221
iShares DJ Select Dividend SELECT DIVID ETF 464287168 652 8,676 SH   SOLE   0 0 8,676
Oracle Corp. COM 68389X105 316 8,649 SH   SOLE   0 0 8,649
Target Corporation COM 87612E106 619 8,524 SH   SOLE   0 0 8,524
American Electric Power Co Inc. COM 25537101 495 8,496 SH   SOLE   0 0 8,496
United Technologies COM 913017109 795 8,276 SH   SOLE   0 0 8,276
Mercury General Corporation COM 589400100 384 8,241 SH   SOLE   0 0 8,241
Schwab US REIT ETF US REIT ETF 808524847 288 7,268 SH   SOLE   0 0 7,268
Schwab Short-Term US Treasury ETF SHT TM US TRES 808524862 357 7,071 SH   SOLE   0 0 7,071
American Express Co. COM 25816109 487 7,000 SH   SOLE   0 0 7,000
JP Morgan Chase & Co. COM 46625H100 428 6,489 SH   SOLE   0 0 6,489
iShares Russell Midcap Growth RUSSELL MCP GR 464287481 594 6,464 SH   SOLE   0 0 6,464
CBS Corporation CL B 124857202 300 6,365 SH   SOLE   0 0 6,365
Wells Fargo & Co. COM 949746101 345 6,347 SH   SOLE   0 0 6,347
BB&T Corporation COM 54937107 240 6,343 SH   SOLE   0 0 6,343
The Hershey Company COM 427866108 564 6,322 SH   SOLE   0 0 6,322
Intel Corporation COM 458140100 207 6,002 SH   SOLE   0 0 6,002
Genuine Parts Company COM 372460105 490 5,703 SH   SOLE   0 0 5,703
iShares Russell Midcap RUSSELL MIDCAP 464287499 903 5,636 SH   SOLE   0 0 5,636
Southern Company COM 842587107 260 5,563 SH   SOLE   0 0 5,563
AFLAC Inc COM 1055102 315 5,252 SH   SOLE   0 0 5,252
PPG Industries Inc. COM 693506107 474 4,800 SH   SOLE   0 0 4,800
M & T Bank Corp COM 55261F104 574 4,737 SH   SOLE   0 0 4,737
Paychex, Inc. COM 704326107 219 4,148 SH   SOLE   0 0 4,148
Omnicom Group COM 681919106 298 3,934 SH   SOLE   0 0 3,934
Vanguard Dividend Appreciation DIV APP ETF 921908844 286 3,673 SH   SOLE   0 0 3,673
Norfolk Southern Corporation COM 655844108 251 2,965 SH   SOLE   0 0 2,965
Intl Business Mach Corp. COM 459200101 405 2,945 SH   SOLE   0 0 2,945
McDonald's Corporation COM 580135101 328 2,774 SH   SOLE   0 0 2,774
United Health Group COM 91324P102 325 2,759 SH   SOLE   0 0 2,759
United Parcel Service Inc. CL B 911312106 262 2,723 SH   SOLE   0 0 2,723
NextEra Energy Inc. COM 65339F101 273 2,625 SH   SOLE   0 0 2,625
Vanguard Healthcare ETF HEALTH CAR ETF 92204A504 339 2,549 SH   SOLE   0 0 2,549
iShares Russell 2000 Value RUS 2000 VAL EFT 464287630 226 2,461 SH   SOLE   0 0 2,461
Stryker Corp COM 863667101 228 2,456 SH   SOLE   0 0 2,456
Kimberly-Clark Corp. COM 494368103 304 2,385 SH   SOLE   0 0 2,385
Honeywell International Inc. COM 438516106 245 2,364 SH   SOLE   0 0 2,364
Berkshire Hathaway B CL B NEW 84670702 306 2,321 SH   SOLE   0 0 2,321
Blackrock Inc COM 09247X101 718 2,108 SH   SOLE   0 0 2,108
Ameriprise Financial, Inc. COM 03076C106 223 2,100 SH   SOLE   0 0 2,100
Time Warner Cable, Inc. COM 88732J207 370 1,992 SH   SOLE   0 0 1,992