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
1ST CENTURY BANCSHARES INC COM 31943X102 127 18,150 SH   SOLE   0 0 18,150
3M CO COM 88579Y101 1,883 12,200 SH   SOLE   0 0 12,200
ABB LTD-SPON ADR ADR 000375204 1,281 61,327 SH   SOLE   0 0 61,327
AECOM COM 00766T100 265 8,000 SH   DFND   8,000 0 0
AGCO CORP COM 001084102 284 5,000 SH   DFND   5,000 0 0
ALLSTATE CORP COM 020002101 1,471 22,676 SH   SOLE   0 0 22,676
AMERICAN TOWER CORP COM 03027X100 233 2,500 SH   DFND   2,500 0 0
AMGEN INC COM 031162100 2,980 19,409 SH   SOLE   0 0 19,409
ANALOG DEVICES INC ADR 032654105 2,068 32,227 SH   SOLE   0 0 32,227
APPLE COM 37833100 246 1,957 SH   SOLE   0 0 1,957
ARTESIAN RESOURCES CORP-CL A COM 043113208 1,263 59,875 SH   SOLE   0 0 59,875
ASIA PACIFIC HIGH DIVIDEND FUND COM 92912J102 1,258 105,969 SH   SOLE   0 0 105,969
AVALONBAY COMMUNITIES INC COM 053484101 215 1,347 SH   DFND   1,347 0 0
BANK OF AMERICA CORP COM 060505104 309 18,167 SH   SOLE   0 0 18,167
BHP BILLITON LTD-SPON ADR COM 088606108 1,205 29,595 SH   SOLE   0 0 29,595
BIG 5 SPORTING GOODS CORP COM 08915P101 341 24,000 SH   DFND   24,000 0 0
BLACKROCK INTERNATIONAL GROWTH COM 092524107 1,637 224,493 SH   SOLE   0 0 224,493
BOK FINANCIAL CORPORATION COM 05561Q201 261 3,751 SH   SOLE   0 0 3,751
BOSTON PROPERTIES INC COM 101121101 303 2,500 SH   DFND   2,500 0 0
CALPINE CORP COM 131347304 270 15,000 SH   DFND   15,000 0 0
CAMPUS CREST COMMUNITIES INC COM 13466Y105 61 11,000 SH   DFND   11,000 0 0
CHASE CORP COM 16150R104 2,397 60,304 SH   SOLE   0 0 60,304
CIMAREX ENERGY CO COM 171798101 3,172 28,753 SH   SOLE   28,753 0 0
COCA-COLA CO/THE COM 191216100 323 8,228 SH   SOLE   0 0 8,228
CONMED CORP COM 207410101 437 7,500 SH   DFND   7,500 0 0
CONSUMER DISCRETIONARY SELT COM 81369Y407 3,463 45,282 SH   SOLE   0 0 45,282
CONSUMER STAPLES SPDR COM 81369Y308 4,682 98,352 SH   SOLE   0 0 98,352
CSI COMPRESSCO LP COM 12637A103 1,315 73,576 SH   SOLE   0 0 73,576
DENTSPLY INTERNATIONAL INC COM 249030107 448 8,700 SH   DFND   8,700 0 0
EATON VANCE SHORT DURATION COM 27828V104 3,140 226,726 SH   SOLE   0 0 226,726
ENERGY SELECT SECTOR SPDR COM 81369Y506 2,940 39,114 SH   SOLE   0 0 39,114
ENTERPRISE PRODUCTS PARTNERS COM 293792107 2,597 86,890 SH   SOLE   0 0 86,890
EQUITY RESIDENTIAL COM 29476L107 225 3,200 SH   DFND   3,200 0 0
EVEREST RE GROUP LTD COM G3223R108 2,464 13,538 SH   SOLE   0 0 13,538
EXTRA SPACE STORAGE INC COM 30225T102 417 6,400 SH   DFND   6,400 0 0
EXXON MOBIL CORP COM 30231G102 2,627 31,576 SH   SOLE   0 0 31,576
FIRST FINL BANKSHARES INC COM 32020R109 239 6,900 SH   SOLE   0 0 6,900
GEORGETOWN BANCORP INC COM 372591107 178 10,002 SH   DFND   10,002 0 0
GLOBAL POWER EQUIPMENT GROUP COM 37941P306 234 30,200 SH   DFND   30,200 0 0
GOODRICH PETROLEUM CORP COM 382410405 56 30,000 SH   DFND   30,000 0 0
GUGG S&P 500 EQ WGT HEALTH Com 78355W841 3,780 23,699 SH   SOLE   0 0 23,699
GUGGENHEIM BULLETSHARES 2018 COM 18383M530 613 28,816 SH   SOLE   0 0 28,816
GUGGENHEIM BULLETSHARES 2018 COM 18383M381 4,299 165,915 SH   SOLE   0 0 165,915
GUGGENHEIM BULLETSHARES 2020 COM 18383M514 531 24,992 SH   SOLE   0 0 24,992
GUGGENHEIM S&P 500 EQUAL WEI COM 78355W106 3,640 45,616 SH   SOLE   0 0 45,616
INGLES MARKETS INC-CLASS A COM 457030104 5,035 105,395 SH   SOLE   0 0 105,395
INTL BUSINESS MACHINES CORP COM 459200101 311 1,914 SH   SOLE   0 0 1,914
ISHARES -3 YEAR INTERNATIONA COM 464288125 2,709 33,971 SH   SOLE   0 0 33,971
ISHARES CALIFORNIA AMT-FREE COM 464288356 365 3,160 SH   SOLE   0 0 3,160
ISHARES COHEN & STEERS REIT COM 464287564 2,970 33,141 SH   SOLE   0 0 33,141
ISHARES CORE S&P MIDCAP ETF COM 464287507 2,082 13,879 SH   SOLE   0 0 13,879
ISHARES CORE U.S. AGGREGATE COM 464287226 402 3,697 SH   SOLE   0 0 3,697
ISHARES FLOATING RATE BOND E COM 46429B655 4,600 90,830 SH   SOLE   0 0 90,830
ISHARES GLOBAL HEALTHCARE ET COM 464287325 3,903 35,897 SH   SOLE   0 0 35,897
ISHARES IBOXX INVESTMENT GRA COM 464287242 341 2,947 SH   SOLE   0 0 2,947
ISHARES INTERNATIONAL TREASU COM 464288117 3,565 39,706 SH   SOLE   0 0 39,706
ISHARES MBS ETF COM 464288588 294 2,709 SH   SOLE   0 0 2,709
ISHARES MSCI ALL COUNTRY ASI COM 464288182 252 4,000 SH   DFND   4,000 0 0
ISHARES MSCI EAFE ETF COM 464287465 7,586 119,490 SH   SOLE   0 0 119,490
ISHARES MSCI EAFE SMALL-CAP COM 464288273 2,518 49,357 SH   SOLE   0 0 49,357
ISHARES MSCI EMERGING MARKET COM 464287234 2,858 72,128 SH   SOLE   0 0 72,128
ISHARES MSCI EUROZONE ETF COM 464286608 796 21,202 SH   SOLE   0 0 21,202
ISHARES MSCI JAPAN ETF COM 464286848 218 17,000 SH   DFND   17,000 0 0
ISHARES MSCI SOUTH AFRICA ET COM 464286780 242 3,700 SH   DFND   3,700 0 0
ISHARES NATIONAL AMT-FREE MU COM 464288414 812 7,500 SH   SOLE   0 0 7,500
ISHARES RUSSELL 1000 ETF COM 464287622 1,143 9,849 SH   SOLE   0 0 9,849
ISHARES RUSSELL 2000 ETF COM 464287655 1,128 9,036 SH   SOLE   0 0 9,036
ISHARES RUSSELL MID-CAP ETF COM 464287499 1,175 6,902 SH   SOLE   0 0 6,902
ISHARES SELECT DIVIDEND ETF COM 464287168 2,949 39,245 SH   SOLE   0 0 39,245
J.C. PENNEY CO INC COM 708160106 186 22,000 SH   DFND   22,000 0 0
JOHN HANCOCK FINANCIAL OPP COM 409735206 3,085 113,419 SH   SOLE   0 0 113,419
JOHNSON & JOHNSON COM 478160104 2,365 24,269 SH   SOLE   0 0 24,269
KVH INDUSTRIES INC ADR 482738101 404 30,000 SH   DFND   30,000 0 0
LASALLE HOTEL PROPERTIES COM 517942108 390 11,000 SH   DFND   11,000 0 0
LIFEPOINT HEALTH INC COM 53219L109 304 3,500 SH   DFND   3,500 0 0
LOWE'S COS INC COM 548661107 2,721 40,636 SH   SOLE   0 0 40,636
LUBY'S INC COM 549282101 87 17,994 SH   DFND   17,994 0 0
MARKET VECTORS AFRICA INDEX COM 57060U787 252 10,340 SH   DFND   10,340 0 0
MARRIOTT INTERNATIONAL -CL A COM 571903202 375 5,035 SH   DFND   5,035 0 0
MARTIN MARIETTA MATERIALS COM 573284106 202 1,430 SH   DFND   1,430 0 0
METLIFE INC COM 59156R108 2,221 39,661 SH   SOLE   0 0 39,661
MILLER INDUSTRIES INC/TENN COM 600551204 209 10,500 SH   DFND   10,500 0 0
MOMENTA PHARMACEUTICALS INC COM 60877T100 456 20,000 SH   DFND   20,000 0 0
MSC INDUSTRIAL DIRECT CO-A COM 553530106 349 5,000 SH   DFND   5,000 0 0
NATIONAL OILWELL VARCO INC COM 637071101 386 8,000 SH   DFND   8,000 0 0
NATL WESTERN LIFE INS-CL A COM 638522102 2,489 10,391 SH   SOLE   0 0 10,391
NORFOLK SOUTHERN CORP COM 655844108 393 4,500 SH   DFND   4,500 0 0
NORTHWEST NATURAL GAS CO COM 667655104 295 7,000 SH   DFND   7,000 0 0
NORTHWESTERN CORP COM 668074305 1,735 35,591 SH   SOLE   0 0 35,591
NOVARTIS AG-SPONSORED ADR ADR 66987V109 2,424 24,649 SH   SOLE   0 0 24,649
PEBBLEBROOK HOTEL TRUST COM 70509V100 214 5,000 SH   DFND   5,000 0 0
PIMCO ENHANCED SHORT MATURIT COM 72201R833 4,997 49,397 SH   SOLE   0 0 49,397
PIONEER NATURAL RESOURCES CO COM 723787107 208 1,500 SH   DFND   1,500 0 0
POWERSHARES GLOBAL WATER COM 73936T623 3,173 133,419 SH   SOLE   0 0 133,419
QUALCOMM INC COM 747525103 283 4,524 SH   SOLE   0 0 4,524
REGIONS FINANCIAL CORP COM 7591EP100 186 18,000 SH   DFND   18,000 0 0
RGC RESOURCES INC COM 74955L103 526 26,284 SH   SOLE   0 0 26,284
ROYCE MICROCAP TRUST COM 780915104 1,483 160,813 SH   SOLE   0 0 160,813
ROYCE VALUE TRUST COM 780910105 3,205 232,442 SH   SOLE   0 0 232,442
SBA COMMUNICATIONS CORP-CL A ADR 78388J106 230 2,000 SH   DFND   2,000 0 0
SCHWAB INTL EQUITY ETF COM 808524805 234 7,680 SH   SOLE   0 0 7,680
SCHWAB US AGGREGATE BOND ETF COM 808524839 447 8,645 SH   SOLE   0 0 8,645
SCHWAB US MID CAP ETF COM 808524508 295 6,907 SH   SOLE   0 0 6,907
SCHWAB US SMALL-CAP ETF COM 808524607 283 4,924 SH   SOLE   0 0 4,924
SL GREEN REALTY CORP COM 78440X101 330 3,000 SH   DFND   3,000 0 0
SOUTHERN CO/THE COM 842587107 2,132 50,872 SH   SOLE   0 0 50,872
SPDR BARCLAYS SHORT TERM COR COM 78464A474 4,770 155,893 SH   SOLE   0 0 155,893
SPDR MORGAN STANLEY TECHNOLO COM 78464A102 2,601 25,843 SH   SOLE   0 0 25,843
SPDR S&P EMERGING MARKETS DI COM 78463X533 1,872 57,187 SH   SOLE   0 0 57,187
SPDR S&P MIDCAP 400 ETF COM 78467Y107 389 1,423 SH   SOLE   0 0 1,423
SPDR S&P OIL & GAS EXP & PR COM 78464A730 2,103 45,071 SH   SOLE   0 0 45,071
STRYKER CORP COM 863667101 1,660 17,374 SH   SOLE   0 0 17,374
UDR INC COM 902653104 319 9,951 SH   SOLE   0 0 9,951
VALMONT INDUSTRIES COM 920253101 2,110 17,752 SH   SOLE   0 0 17,752
VANGUARD FTSE EUROPE ETF COM 922042874 1,697 31,436 SH   SOLE   0 0 31,436
VANGUARD INFO TECH ETF COM 92204A702 2,171 20,438 SH   SOLE   0 0 20,438
WELLS FARGO & CO COM 949746101 337 6,000 SH   DFND   6,000 0 0
WESTERN ASSET GLOBAL CORP COM 95790C107 3,501 204,152 SH   SOLE   0 0 204,152
WGL HOLDINGS INC COM 92924F106 2,355 43,372 SH   SOLE   0 0 43,372
WILLIAMS COS INC COM 969457100 4,662 81,233 SH   SOLE   0 0 81,233
WP CAREY INC COM 92936U109 295 5,000 SH   DFND   5,000 0 0
WPX ENERGY INC COM 98212B103 282 22,944 SH   SOLE   0 0 22,944