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
3M COMPANY COM 88579Y101 226 1,022 SH   DFND   0 1,022 0
ACADIA PHARMACEUTICALS INC COM 004225108 416 17,850 SH   DFND   0 17,850 0
ADVISORSHARES TR PERITUS COM 00768Y503 375 10,127 SH   DFND   0 10,127 0
AFLAC INC COM 001055102 749 17,072 SH   DFND   0 17,072 0
ALAMO GROUP INC COM COM 011311107 515 4,694 SH   DFND   0 4,694 0
ALPHABET INC COM 02079K107 309 292 SH   DFND   0 292 0
ALPHABET INC. CLASS A COM 02079K305 438 416 SH   DFND   0 416 0
ALPS ETF TR ALERIAN MLP ETF 00162Q866 444 43,855 SH   DFND   0 43,855 0
AMAZON.COM INC COM 023135106 574 400 SH   DFND   0 400 0
AMERICAN FIN TRUST INC COM 02917Y103 966 61,193 SH   DFND   0 61,193 0
APPLE INC COM 037833100 1,107 6,519 SH   DFND   0 6,519 0
AQUINOX PHARMACEUTICALS INC COM 03842B101 226 15,850 SH   DFND   0 15,850 0
AT&T INC COM 00206R102 604 17,361 SH   DFND   0 17,361 0
Atkore Intl Group Inc Com COM 047649108 922 44,428 SH   DFND   0 44,428 0
AVERY DENNISON CORP COM 053611109 840 7,862 SH   DFND   0 7,862 0
BANK OF AMERICA CORP COM 060505104 290 9,548 SH   DFND   0 9,548 0
BAXTER INTL INC COM COM 071813109 743 11,424 SH   DFND   0 11,424 0
BB&T CORP COM COM 054937107 2,539 50,354 SH   DFND   0 50,354 0
BERKSHIRE HATHAWAY INC DEL CL B NEW COM 084670702 246 1,237 SH   DFND   0 1,237 0
BIOCRYST PHARMACEUTICALS INC COM 09058V103 156 32,500 SH   DFND   0 32,500 0
BLACKROCK KELSO CAP COM 092533108 85 14,006 SH   DFND   0 14,006 0
BLUEROCK RESIDENTIAL GROWTH COM 09627J102 339 40,881 SH   DFND   0 40,881 0
BOEING CO COM 097023105 264 807 SH   DFND   0 807 0
Boston Scientific Corporation COM 101137107 957 29,282 SH   DFND   0 29,282 0
BROADCOM LIMITED COM Y09827109 6,065 24,547 SH   DFND   0 24,547 0
CATALYST BIOSCIENCES INC COM 14888D208 244 8,500 SH   DFND   0 8,500 0
CHARLES SCHWAB US MC ETF ETF 808524508 1,179 20,708 SH   DFND   0 20,708 0
CHEVRON CORPORATION COM 166764100 240 2,110 SH   DFND   0 2,110 0
Church & Dwight Inc COM 171340102 2,822 53,092 SH   DFND   0 53,092 0
CISCO SYSTEMS INC COM 17275R102 360 8,800 SH   DFND   0 8,800 0
COCA COLA COMPANY COM 191216100 359 8,046 SH   DFND   0 8,046 0
COLONY CAPITAL INC NEW COM 19624R106 78 12,758 SH   DFND   0 12,758 0
COLONY NORTHSTAR CREDIT REAL COM 19626A101 1,295 64,953 SH   DFND   0 64,953 0
COMCAST CORP CLASS A COM 20030N101 223 6,462 SH   DFND   0 6,462 0
CONATUS PHARMACEUTICALS INC COM 20600T108 82 15,000 SH   DFND   0 15,000 0
Constellation Brands Inc Cl A COM 21036P108 700 3,200 SH   DFND   0 3,200 0
CORPORATE CAP TRUST INC COM 219880101 1,416 90,336 SH   DFND   0 90,336 0
COSTAMARE INC COM Y1771G102 3,869 485,826 SH   DFND   0 485,826 0
CSX CORP COM 126408103 201 2,737 SH   DFND   0 2,737 0
CVS HEALTH CORPORATION COM 126650100 1,566 24,286 SH   DFND   0 24,286 0
CYTOSORBENTS CORPORATION COM 23283X206 125 17,650 SH   DFND   0 17,650 0
DIREXION ALL CAP INSIDERSENTI ETF ETF 25459Y769 240 5,629 SH   DFND   0 5,629 0
ENCOMPASS HEALTH CORPORATION COM 29261A100 5,418 80,227 SH   DFND   0 80,227 0
ENSCO PLC COM G3157S106 90 18,847 SH   DFND   0 18,847 0
EQT MIDSTREAM PARTNERS LP UNIT LTD PARTN COM 26885B100 1,821 35,307 SH   DFND   0 35,307 0
EVERCORE PARTNERS INC COM COM 29977A105 912 8,651 SH   DFND   0 8,651 0
EXLSERVICE HOLDINGS INC COM COM 302081104 664 11,910 SH   DFND   0 11,910 0
Extended Stay Amer Inc Shs 1 Com 1 Cl B COM 30224P200 3,037 140,548 SH   DFND   0 140,548 0
EXXON MOBIL CORP COM 30231G102 435 5,818 SH   DFND   0 5,818 0
F5 NETWORKS INC COM COM 315616102 431 2,985 SH   DFND   0 2,985 0
FACEBOOK INC COM 30303M102 719 4,324 SH   DFND   0 4,324 0
FS ENERGY & POWER FUND COM 30264D109 292 41,576 SH   DFND   0 41,576 0
FS GLOBAL CR OPPORTUNITIES FD COM 30291B100 111 14,902 SH   DFND   0 14,902 0
FS INVESTMENT CORPORATION COM 302635107 3,062 408,965 SH   DFND   0 408,965 0
FS INVT CORP II COM 35952V105 145 16,261 SH   DFND   0 16,261 0
GENERAL ELECTRIC COMPANY COM 369604103 156 11,170 SH   DFND   0 11,170 0
GILEAD SCIENCES INC COM 375558103 464 5,944 SH   DFND   0 5,944 0
GLOBAL NET LEASE INCORPO COM 379378201 1,356 62,254 SH   DFND   0 62,254 0
GLOBAL X FDS COM 37950E747 479 33,608 SH   DFND   0 33,608 0
GRAPHIC PACKAGING HLDG CO COM COM 388689101 301 19,638 SH   DFND   0 19,638 0
GROWLIFE INC COM COM 39985X104 3 216,000 SH   DFND   0 216,000 0
Henry Schein Inc COM 806407102 988 13,615 SH   DFND   0 13,615 0
HINES GLOBAL REIT INC COM 433240108 108 12,072 SH   DFND   0 12,072 0
HLTHCARE TR OF AMER REIT COM 42225P501 303 10,758 SH   DFND   0 10,758 0
HOME DEPOT INC COM 437076102 663 3,536 SH   DFND   0 3,536 0
Honeywell International COM 438516106 263 1,821 SH   DFND   0 1,821 0
Htg Molecular Diagnostics Inc COM 40434H104 137 38,000 SH   DFND   0 38,000 0
INTEL CORP COM 458140100 4,453 89,649 SH   DFND   0 89,649 0
INVESCO MUNICIPAL TRUST COM 46131J103 175 14,750 SH   DFND   0 14,750 0
INVESCO S&P 500 EQUAL WEIGHT HEALTH CARE ETF ETF 46137V357 241 1,237 SH   DFND   0 1,237 0
INVESCO S&P 500 EQUAL WEIGHT TECHNOLOGY ETF ETF 46137V282 3,099 18,892 SH   DFND   0 18,892 0
INVESCO S&P 500 TOP 50 ETF ETF 46137V233 206 1,014 SH   DFND   0 1,014 0
ISHARES CORE S&P 500 ETF ETF 464287200 774 2,829 SH   DFND   0 2,829 0
ISHARES IBOXX HIGH YIELDBOND ETF ETF 464288414 280 3,297 SH   DFND   0 3,297 0
ISHARES INC ETF 46434G830 457 15,846 SH   DFND   0 15,846 0
ISHARES INC ETF 464286202 499 21,991 SH   DFND   0 21,991 0
ISHARES INC ETF 464286764 422 13,901 SH   DFND   0 13,901 0
ISHARES INC ETF 46434G780 438 18,174 SH   DFND   0 18,174 0
ISHARES INC ETF 464286772 483 7,126 SH   DFND   0 7,126 0
iShares Inc Mcsi Chile Investable ETF 464286640 638 13,876 SH   DFND   0 13,876 0
iShares JPMorgan USD Emerging Mkts Bond ETF 464288281 780 7,309 SH   DFND   0 7,309 0
ISHARES MSCI BRAZIL ETF ETF 464286400 516 16,076 SH   DFND   0 16,076 0
ISHARES MSCI EAFE ETF ETF 464287465 374 5,533 SH   DFND   0 5,533 0
ISHARES MSCI EAFE SMALL CAP ETF 464288273 462 7,364 SH   DFND   0 7,364 0
iShares MSCI Emerging Markets Asia ETF 464286426 889 12,865 SH   DFND   0 12,865 0
ishares Msci Europe Small-Cap ETF 464288497 1,712 30,455 SH   DFND   0 30,455 0
ISHARES MSCI GERMANY ETF ETF 464286806 473 15,663 SH   DFND   0 15,663 0
ISHARES MSCI HONG KONG ETF ETF 464286871 493 20,342 SH   DFND   0 20,342 0
iShares MSCI India ETF 46429B598 570 17,137 SH   DFND   0 17,137 0
iShares MSCI Taiwan Index Fd ETF 46434G772 561 15,493 SH   DFND   0 15,493 0
iShares MSCI Thailand Capped Index Fd ETF 464286624 495 6,023 SH   DFND   0 6,023 0
ISHARES RUSSELL 2000 ETF ETF 464287655 303 2,014 SH   DFND   0 2,014 0
ISHARES RUSSELL MID CAP ETF ETF 464287499 844 3,983 SH   DFND   0 3,983 0
ISHARES S&P 500 GROWTH ETF ETF 464287309 2,229 14,379 SH   DFND   0 14,379 0
iShares S&P Emerging Mkts ETF 464288216 712 25,342 SH   DFND   0 25,342 0
ISHARES S&P MID-CAP 400 GROWTH ETF ETF 464287606 4,587 21,010 SH   DFND   0 21,010 0
ISHARES S&P SMALL-CAP 600 GROWTH ETF ETF 464287887 257 1,479 SH   DFND   0 1,479 0
ISHARES S&P SMALL-CAP 600 VALUE ETF ETF 464287879 4,712 31,239 SH   DFND   0 31,239 0
ISHARES SELECT DIVIDEND ETF ETF 464287168 1,038 10,693 SH   DFND   0 10,693 0
iShares Silver Trust Index Fund ETF 46428Q109 201 13,064 SH   DFND   0 13,064 0
iShares Tr Msci All Peru Capped Index Fd ETF 464289842 550 14,030 SH   DFND   0 14,030 0
iShares Tr Msci Poland Investable ETF 46429B606 550 25,278 SH   DFND   0 25,278 0
iShares Tr S&P Global Info ETF 464287291 1,306 7,945 SH   DFND   0 7,945 0
ISHARES TRUST ETF 46435G334 410 11,938 SH   DFND   0 11,938 0
ISHARES TRUST ETF 464287564 492 4,938 SH   DFND   0 4,938 0
ISHARES TRUST ETF 464287663 847 15,786 SH   DFND   0 15,786 0
ISHARES TRUST ETF 464287754 254 1,746 SH   DFND   0 1,746 0
ISHARES TRUST ETF 464288521 874 17,901 SH   DFND   0 17,901 0
ISHARES U S HEALTHCARE ETF ETF 464287762 989 5,552 SH   DFND   0 5,552 0
ISHARES U.S. BASIC MATERIALS ETF ETF 464287838 4,238 44,113 SH   DFND   0 44,113 0
ISHARES U.S. REAL ESTATE ETF ETF 464287739 1,050 13,881 SH   DFND   0 13,881 0
ISHARES US TECHNOLOGY ETF ETF 464287721 479 2,712 SH   DFND   0 2,712 0
JOHNSON & JOHNSON COM 478160104 3,124 25,513 SH   DFND   0 25,513 0
JP MORGAN CHASE & CO COM 48127A161 2,881 27,978 SH   DFND   0 27,978 0
KeyCorp COM 493267108 1,949 99,766 SH   DFND   0 99,766 0
KEYW HOLDING CORP COM 493723100 675 87,305 SH   DFND   0 87,305 0
KLA-Tencor Corporation COM 482480100 2,312 22,553 SH   DFND   0 22,553 0
Lam Research Corp COM 512807108 1,426 8,255 SH   DFND   0 8,255 0
LILLY ELI & CO COM 532457108 3,235 37,914 SH   DFND   0 37,914 0
Lpl Finl Hldgs Inc Com COM 50212V100 866 13,219 SH   DFND   0 13,219 0
MAIN STREET CAPITAL COM 56035L104 486 12,063 SH   DFND   0 12,063 0
Market Vectors Russia ETF ETF 92189F403 572 26,972 SH   DFND   0 26,972 0
MARRIOTT INTL INC CLASS A COM 571903202 1,239 9,822 SH   DFND   0 9,822 0
MCDONALDS CORP COM 580135101 287 1,827 SH   DFND   0 1,827 0
MDC Holdings Inc. COM 552676108 1,737 56,480 SH   DFND   0 56,480 0
MEDLEY CAPITAL CORPORATION COM 58503F106 57 13,500 SH   DFND   0 13,500 0
MERCK & CO. INC. COM 58933Y105 663 10,116 SH   DFND   0 10,116 0
MICROSOFT CORP COM 594918104 472 5,226 SH   DFND   0 5,226 0
MIRATI THERAPEUTICS INC COM 60468T105 252 8,250 SH   DFND   0 8,250 0
MORGAN STANLEY COM NEW COM 617446448 724 15,276 SH   DFND   0 15,276 0
Navios Maritime Ptn COM Y62267102 24 13,872 SH   DFND   0 13,872 0
NETFLIX INC COM 64110L106 508 1,713 SH   DFND   0 1,713 0
NEW YORK REIT INC COM 64976L109 287 15,718 SH   DFND   0 15,718 0
Norwegian Cruise Line Hldgs Ltd Com Usd0 COM G66721104 740 15,669 SH   DFND   0 15,669 0
NUVEEN AMT FREE QUALITY COM 670657105 400 30,802 SH   DFND   0 30,802 0
NVIDIA CORP COM 67066G104 353 1,523 SH   DFND   0 1,523 0
O Reilly Automotive Inc COM 67103H107 715 2,640 SH   DFND   0 2,640 0
On Assignment Inc COM 00191U102 573 7,341 SH   DFND   0 7,341 0
Pennsylvania Real Estate Investment Trust COM 709102107 1,051 95,665 SH   DFND   0 95,665 0
Pimco High Income Fund ETF 722014107 108 12,953 SH   DFND   0 12,953 0
PIONEER MUNICIPAL HIGH INCOME COM 723762100 186 17,266 SH   DFND   0 17,266 0
Plains All American Pipeline Lp COM 726503105 991 41,956 SH   DFND   0 41,956 0
Powershares ETF Trust II Intl ETF 46138E636 795 30,420 SH   DFND   0 30,420 0
POWERSHARES EXCHANGE TRADED ETF 73935X849 213 6,592 SH   DFND   0 6,592 0
PROCTER & GAMBLE CO COM 742718109 280 3,495 SH   DFND   0 3,495 0
Propetro Hldg Corp Com COM 74347M108 459 29,331 SH   DFND   0 29,331 0
PROSHARES S&P 500 DIV ARISTOCRAT ETF ETF 74348A467 716 10,998 SH   DFND   0 10,998 0
Qorvo Inc COM 74736K101 899 11,217 SH   DFND   0 11,217 0
QUALCOMM INC COM 747525103 267 4,127 SH   DFND   0 4,127 0
RAYMOND JAMES FINANCIAL INC COM COM 754730109 263 2,950 SH   DFND   0 2,950 0
RAYTHEON CO COM NEW COM 755111507 1,169 5,419 SH   DFND   0 5,419 0
REALTY INCOME CORP COM 756109104 3,115 57,953 SH   DFND   0 57,953 0
Rio Tinto PLC ADR COM 767204100 1,998 36,028 SH   DFND   0 36,028 0
ROYAL CARIBBEAN CRUISES LTD COM COM V7780T103 2,266 21,638 SH   DFND   0 21,638 0
RUDOLPH TECHNOLOGIES INC COM COM 781270103 503 18,177 SH   DFND   0 18,177 0
S&P Global Inc Com COM 78409V104 1,053 5,169 SH   DFND   0 5,169 0
Sanchez Energy Corp COM 79970Y105 33 10,551 SH   DFND   0 10,551 0
Sanchez Midstream Partners COM 79971C201 163 15,830 SH   DFND   0 15,830 0
SCHWAB 1000 INDEX ETF ETF 808524722 668 23,908 SH   DFND   0 23,908 0
SCHWAB FUNDA EMG MKTS LARGE COM ETF ETF 808524730 245 8,835 SH   DFND   0 8,835 0
SCHWAB US BROAD MARKET ETF ETF 808524102 3,262 47,304 SH   DFND   0 47,304 0
SCHWAB US DIVIDEND EQUITY ETF ETF 808524797 978 18,972 SH   DFND   0 18,972 0
SCHWAB US LARGE CAP GROWTH ETF ETF 808524300 3,245 40,840 SH   DFND   0 40,840 0
SCHWAB US LARGE CAP ETF ETF 808524201 5,598 82,302 SH   DFND   0 82,302 0
SCHWAB US SMALL CAP ETF ETF 808524607 3,380 44,444 SH   DFND   0 44,444 0
SIRIUS XM HLDGS INC COM COM 82968B103 141 22,687 SH   DFND   0 22,687 0
SOUTHERN CO COM COM 842587107 305 6,686 SH   DFND   0 6,686 0
SOUTHWEST AIRLINES COM 844741108 794 13,424 SH   DFND   0 13,424 0
SPDR DOW JONES INDUSTRIAL AVERAGE ETF ETF 78467X109 4,709 19,509 SH   DFND   0 19,509 0
SPDR Gold Trust ETF 78463V107 382 3,041 SH   DFND   0 3,041 0
SPDR S&P 400 MID CAP GROWTH ETF ETF 78464A821 259 4,669 SH   DFND   0 4,669 0
SPDR S&P 500 ETF TRUST ETF 78462F103 4,964 18,853 SH   DFND   0 18,853 0
SPDR S&P 600 SMALL CAP GROWTH ETF ETF 78464A300 2,159 32,040 SH   DFND   0 32,040 0
SPDR S&P BIOTECH ETF ETF 78464A870 403 4,246 SH   DFND   0 4,246 0
SPDR S&P China ETF ETF 78463X400 694 6,626 SH   DFND   0 6,626 0
SPDR S&P EMERGING MRKT SML CP ETF ETF 78463X756 1,268 26,741 SH   DFND   0 26,741 0
SPDR S&P MidCap 400 ETF 78467Y107 3,555 10,404 SH   DFND   0 10,404 0
SPDR SER TR ETF 78464A300 2,904 42,221 SH   DFND   0 42,221 0
Spdr Ser Tr Db Intl Govt Inflation ETF 78464A490 673 12,419 SH   DFND   0 12,419 0
SPDR SERIES TRUST ETF 78464A359 2,195 41,450 SH   DFND   0 41,450 0
SPDR SERIES TRUST ETF 78464A508 378 12,794 SH   DFND   0 12,794 0
SSGA ACTIVE TRUST COM 78467V608 287 6,110 SH   DFND   0 6,110 0
TERNIUM S A COM 880890108 2,797 80,360 SH   DFND   0 80,360 0
TEXAS INSTRUMENTS INCORPORATED COM 882508104 2,688 24,412 SH   DFND   0 24,412 0
TORONTO-DOMINION BK F COM 891160509 2,847 49,201 SH   DFND   0 49,201 0
Triton Intl Ltd Cl A Isin #bmg9078f1077 COM G9078F107 2,410 78,626 SH   DFND   0 78,626 0
UNITED DEVELOPMENT FUNDING IV COM 910187103 137 34,706 SH   DFND   0 34,706 0
United Natural Foods Inc COM 911163103 808 18,945 SH   DFND   0 18,945 0
VANGUARD FINANCIALS INDEX FUND ETF 92204A405 345 4,978 SH   DFND   0 4,978 0
VANGUARD FTSE DEVELOPED ETF 921943858 1,572 36,515 SH   DFND   0 36,515 0
VANGUARD FTSE EMERGING MARKETS ETF 922042858 1,650 38,747 SH   DFND   0 38,747 0
VANGUARD INTERMEDIATE TERM ETF 92206C870 764 9,145 SH   DFND   0 9,145 0
VANGUARD S&P 500 ETF ETF 922908363 4,818 19,887 SH   DFND   0 19,887 0
VANGUARD TOTAL STOCK MARKET ETF ETF 922908769 217 1,580 SH   DFND   0 1,580 0
VENTAS INC COM 92276F100 617 11,055 SH   DFND   0 11,055 0
VEREIT INC COM 92339V100 4,664 625,135 SH   DFND   0 625,135 0
VERIZON COMMUNICATIONS COM 92343V104 446 9,035 SH   DFND   0 9,035 0
VISA INC COM 92826C839 602 5,049 SH   DFND   0 5,049 0
WALT DISNEY CO COM 254687106 474 4,648 SH   DFND   0 4,648 0
WELLS FARGO & CO COM 949746101 227 4,154 SH   DFND   0 4,154 0
YAMANA GOLD INC COM 98462Y100 42 14,454 SH   DFND   0 14,454 0
Zebra Technologies Corp Cl A COM 989207105 1,749 12,212 SH   DFND   0 12,212 0