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
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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
3M Co COM 88579Y101 2,765 17,725 SH   SOLE   0 0 17,725
Alexandria Real COM 015271109 300 1,850 SH   DFND   1,850 0 0
Allstate Corp COM 020002101 2,169 22,365 SH   SOLE   0 0 22,365
American Tower-A ADR 03027X100 646 2,500 SH   DFND   2,500 0 0
Amgen Inc COM 031162100 4,354 18,461 SH   SOLE   0 0 18,461
Apple Inc COM 037833100 1,511 4,142 SH   SOLE   0 0 4,142
Apple Inc COM 037833100 1,094 3,000 SH   DFND   3,000 0 0
Artesian Resource Corp COM 043113208 3,054 84,146 SH   SOLE   0 0 84,146
Astrazeneca-Adr ADR 046353108 423 8,000 SH   DFND   8,000 0 0
At&T Inc COM 00206R102 253 8,373 SH   SOLE   0 0 8,373
Automatic Data Processing COM 053015103 221 1,483 SH   SOLE   0 0 1,483
Avalonbay Commun COM 053484101 201 1,300 SH   DFND   1,300 0 0
Bank Of America Corporation COM 060505104 469 19,736 SH   SOLE   0 0 19,736
Beasley Broadcast Grp Inc COM 074014101 80 33,000 SH   DFND   33,000 0 0
Blackrock Intern L Grth & Inc Common COM 092524107 2,812 547,014 SH   SOLE   0 0 547,014
Blackrock Muniyield Qty Iii COM 09254E103 1,140 87,547 SH   SOLE   0 0 87,547
Cabot Microelectronics Corp COM 12709P103 1,338 9,590 SH   SOLE   0 0 9,590
Chase Corp COM 16150R104 5,343 52,124 SH   SOLE   0 0 52,124
Chevron Corp COM 166764100 312 3,500 SH   DFND   3,500 0 0
Cimarex Energy Co COM 171798101 915 33,293 SH   SOLE   0 0 33,293
Commercial Metals Co COM 201723103 247 12,127 SH   SOLE   0 0 12,127
Compania Cervecerias -Adr ADR 204429104 306 21,401 SH   DFND   21,401 0 0
Consumer Discret Sel Sect Spdr(R) Etf COM 81369Y407 5,239 41,026 SH   SOLE   0 0 41,026
Consumer Staples Select Sector Spdr(R) Etf COM 81369Y308 3,648 62,214 SH   SOLE   0 0 62,214
Crown Castle Int COM 22822V101 335 2,000 SH   DFND   2,000 0 0
Csx Corp COM 126408103 4,398 63,059 SH   SOLE   0 0 63,059
Cvs Health Corp COM 126650100 1,394 21,454 SH   SOLE   0 0 21,454
Cyrusone, Inc. COM 23283R100 378 5,200 SH   DFND   5,200 0 0
Dentsply Sirona Inc COM 24906P109 220 5,000 SH   DFND   5,000 0 0
Diageo Plc-Adr ADR 25243Q205 376 2,800 SH   DFND   2,800 0 0
Digital Realty COM 253868103 479 3,368 SH   DFND   3,368 0 0
Dr Horton Inc COM 23331A109 277 5,000 SH   DFND   5,000 0 0
Electronic Arts COM 285512109 264 2,000 SH   DFND   2,000 0 0
Energy Select Sector Spdr(R) Etf COM 81369Y506 744 19,647 SH   SOLE   0 0 19,647
Enterprise Products Partners Lp COM 293792107 1,228 67,568 SH   SOLE   0 0 67,568
Essex Property COM 297178105 206 900 SH   DFND   900 0 0
Everest Re Group Ltd COM G3223R108 2,535 12,295 SH   SOLE   0 0 12,295
Extra Space Stor COM 30225T102 231 2,500 SH   DFND   2,500 0 0
Exxon Mobil Corporation COM 30231G102 1,225 27,392 SH   SOLE   0 0 27,392
Foundation Building COM 350392106 156 10,000 SH   DFND   10,000 0 0
Galapagos Nv COM 36315X101 296 1,500 SH   DFND   1,500 0 0
Glaxosmithkl-Adr ADR 37733W105 347 8,500 SH   DFND   8,500 0 0
Global Self Storage Inc COM 37955N106 102 26,000 SH   DFND   26,000 0 0
Goldman Sachs Activebeta(R) Intl Eq Etf COM 381430107 7,703 289,680 SH   SOLE   0 0 289,680
Goldman Sachs Activebeta(R) Us Lgcp Eq Etf COM 381430503 4,607 73,587 SH   SOLE   0 0 73,587
Granite Point Mortgage COM 38741L107 86 12,000 SH   DFND   12,000 0 0
Group 1 Automoti COM 398905109 264 4,000 SH   DFND   4,000 0 0
Hannon Armstrong COM 41068X100 216 7,600 SH   DFND   7,600 0 0
Hdfc Bank Ltd - Adr ADR 40415F101 364 8,000 SH   DFND   8,000 0 0
Ingles Markets Inc COM 457030104 3,718 86,333 SH   SOLE   0 0 86,333
Inseego Corp COM 45782B104 139 12,000 SH   SOLE   0 0 12,000
Intel Corp COM 458140100 209 3,500 SH   DFND   3,500 0 0
Intercontinental Hotels COM 45857P806 271 6,103 SH   DFND   6,103 0 0
Invesco Bulletshares 2023 Corp Bd Etf COM 46138J866 7,013 322,310 SH   SOLE   0 0 322,310
Invesco Bulletshares 2023 Hy Corp Bd Etf COM 46138J858 3,248 135,466 SH   SOLE   0 0 135,466
Invesco Bulletshares 2024 Corp Bd Etf COM 46138J841 3,831 173,812 SH   SOLE   0 0 173,812
Invesco Bulletshares 2025 Corp Bd Etf COM 46138J825 4,747 213,627 SH   SOLE   0 0 213,627
Invesco Muni Opps. Trust Common COM 46132C107 1,102 92,959 SH   SOLE   0 0 92,959
Invesco S&P 500(R) Eq Weight Hc Etf COM 46137V332 4,411 19,847 SH   SOLE   0 0 19,847
Invesco S&P 500(R) Equal Weight Etf COM 46137V357 4,162 40,896 SH   SOLE   0 0 40,896
Invesco S&P Global Water Index Etf COM 46138E263 2,102 56,226 SH   SOLE   0 0 56,226
Ishares 0-5 Year High Yield Corp Bd COM 46434V407 218 5,075 SH   SOLE   0 0 5,075
Ishares Cali Amt-Free Muni Bond COM 464288356 551 8,864 SH   SOLE   0 0 8,864
Ishares Cohen & Steers Reit COM 464287564 2,374 23,529 SH   SOLE   0 0 23,529
Ishares Core S&P Mid-Cap COM 464287507 3,818 21,469 SH   SOLE   0 0 21,469
Ishares Core Us Aggregate Bond COM 464287226 2,034 17,209 SH   SOLE   0 0 17,209
Ishares Floating Rate Bond COM 46429B655 6,342 125,370 SH   SOLE   0 0 125,370
Ishares Global Healthcare COM 464287325 3,903 56,749 SH   SOLE   0 0 56,749
Ishares Global Tech Etf COM 464287291 2,809 11,926 SH   SOLE   0 0 11,926
Ishares Iboxx $ Invst Grade Crp Bond COM 464287242 2,118 15,744 SH   SOLE   0 0 15,744
Ishares Mbs COM 464288588 1,883 17,014 SH   SOLE   0 0 17,014
Ishares Msci Eafe COM 464287465 897 14,733 SH   SOLE   0 0 14,733
Ishares Msci Eafe Small-Cap COM 464288273 3,621 67,539 SH   SOLE   0 0 67,539
Ishares National Amt-Free Muni Bond COM 464288414 1,409 12,206 SH   SOLE   0 0 12,206
Ishares Russell 1000 COM 464287622 5,054 29,440 SH   SOLE   0 0 29,440
Ishares Russell 1000 Growth COM 464287614 237 1,235 SH   SOLE   0 0 1,235
Ishares Russell 2000 COM 464287655 1,861 12,999 SH   SOLE   0 0 12,999
Ishares Russell Mid-Cap COM 464287499 3,303 61,630 SH   SOLE   0 0 61,630
Ishares Select Dividend COM 464287168 2,732 33,847 SH   SOLE   0 0 33,847
Ishares Short-Term National Muni Bond COM 464288158 784 7,265 SH   SOLE   0 0 7,265
James Hardie Ind Plc Adr ADR 47030M106 481 25,000 SH   DFND   25,000 0 0
Jh Financial Opportunities Common COM 409735206 2,188 95,348 SH   SOLE   0 0 95,348
Jhancock Multifactor Large Cap Etf COM 47804J107 1,236 32,231 SH   SOLE   0 0 32,231
Johnson & Johnson COM 478160104 3,001 21,341 SH   SOLE   0 0 21,341
Jpmorgan Ultra-Short Income Etf COM 46641Q837 1,580 31,153 SH   SOLE   0 0 31,153
Kvh Industries COM 482738101 268 30,000 SH   DFND   30,000 0 0
Lennar Corp-A ADR 526057104 246 4,000 SH   DFND   4,000 0 0
Lennox Intl Inc COM 526107107 396 1,700 SH   DFND   1,700 0 0
Lowe S Companies Inc COM 548661107 2,399 17,758 SH   SOLE   0 0 17,758
Lowe'S Cos Inc COM 548661107 351 2,600 SH   DFND   2,600 0 0
Metlife Inc COM 59156R108 1,263 34,581 SH   SOLE   0 0 34,581
Microsoft Corp COM 594918104 305 1,500 SH   SOLE   0 0 1,500
Microsoft Corp COM 594918104 815 4,003 SH   DFND   4,003 0 0
Miller Ind Inc/Tenn COM 600551204 536 18,000 SH   DFND   18,000 0 0
National Western Life Insurance COM 638517102 2,150 10,581 SH   SOLE   0 0 10,581
Netapp Inc COM 64110D104 399 9,000 SH   DFND   9,000 0 0
Nice Systems-Adr ADR 653656108 757 4,000 SH   DFND   4,000 0 0
Norfolk Southern COM 655844108 527 3,000 SH   DFND   3,000 0 0
Novartis Ag COM 66987V109 2,047 23,439 SH   SOLE   0 0 23,439
Nuveen Intermediate Duration Muni Term COM 670671106 1,777 134,532 SH   SOLE   0 0 134,532
Nxp Semiconductors Nv COM N6596X109 1,459 12,793 SH   SOLE   0 0 12,793
Old Republic International Corp COM 680223104 1,065 65,293 SH   SOLE   0 0 65,293
Pearson Plc COM 705015105 145 20,000 SH   DFND   20,000 0 0
Phillips 66 Com COM 718546104 1,130 15,719 SH   SOLE   0 0 15,719
Pimco Enhanced Short Maturity Etf COM 72201R833 1,906 18,743 SH   SOLE   0 0 18,743
Powershrs Bulletshares 2020 Corp Etf COM 46138J502 1,175 55,218 SH   SOLE   0 0 55,218
Powershrs Bulletshares 2020 Hy Corp Etf COM 46138J601 942 40,462 SH   SOLE   0 0 40,462
Powershrs Bulletshares 2021 Corp Etf COM 46138J700 6,308 295,201 SH   SOLE   0 0 295,201
Powershrs Bulletshares 2022 Corp Etf COM 46138J882 3,936 180,393 SH   SOLE   0 0 180,393
Powershrs Bulletshares 2022 Hy Corp Etf COM 46138J874 4,142 185,719 SH   SOLE   0 0 185,719
Procter & Gamble COM 742718109 418 3,500 SH   DFND   3,500 0 0
Qualcomm Inc COM 747525103 495 5,429 SH   SOLE   0 0 5,429
Redwood Trust COM 758075402 106 15,192 SH   DFND   15,192 0 0
Regions Financial Corp COM 7591EP100 200 18,000 SH   DFND   18,000 0 0
Rgc Resources COM 74955L103 722 29,888 SH   SOLE   0 0 29,888
Royce Micro Cap Trust Common COM 780915104 2,239 311,037 SH   SOLE   0 0 311,037
Royce Value Trust Common COM 780910105 155 12,350 SH   SOLE   0 0 12,350
Sba Communications Corp COM 78410G104 596 2,000 SH   DFND   2,000 0 0
Schwab Emerging Markets Equity Etf(TM) COM 808524706 285 11,703 SH   SOLE   0 0 11,703
Schwab Fundamental Us Large Company Etf COM 808524771 2,910 79,000 SH   SOLE   0 0 79,000
Schwab International Equity Etf(TM) COM 808524805 1,193 40,104 SH   SOLE   0 0 40,104
Schwab Us Aggregate Bond Etf(TM) COM 808524839 1,610 28,629 SH   SOLE   0 0 28,629
Schwab Us Mid-Cap Etf(TM) COM 808524508 1,430 27,170 SH   SOLE   0 0 27,170
Schwab Us Small-Cap Etf(TM) COM 808524607 1,353 20,705 SH   SOLE   0 0 20,705
Skyworks Solutio COM 83088M102 511 4,000 SH   DFND   4,000 0 0
Sony Corp Adr ADR 835699307 346 5,000 SH   DFND   5,000 0 0
Spdr(R) Blmbg Barclays St Corp Bd Etf COM 78464A474 1,839 58,675 SH   SOLE   0 0 58,675
Spdr(R) S&P 500 Etf COM 78462F103 510 1,654 SH   SOLE   0 0 1,654
Spdr(R) S&P Midcap 400 Etf COM 78467Y107 448 1,380 SH   SOLE   0 0 1,380
Stryker Corporation COM 863667101 2,784 15,450 SH   SOLE   0 0 15,450
Tecnoglass Inc COM G87264100 140 25,634 SH   DFND   25,634 0 0
Templeton Emerging Markets COM 880191101 2,006 146,641 SH   SOLE   0 0 146,641
Thermo Fisher COM 883556102 725 2,000 SH   DFND   2,000 0 0
Tyson Foods Inc COM 902494103 1,245 20,855 SH   SOLE   0 0 20,855
Udr Inc COM 902653104 372 9,951 SH   SOLE   0 0 9,951
Unilever Nv-Nys COM 904784709 479 9,000 SH   DFND   9,000 0 0
Valmont Industries Inc COM 920253101 2,726 23,993 SH   SOLE   0 0 23,993
Vanguard Ftse Developed Markets Etf COM 921943858 8,737 225,250 SH   SOLE   0 0 225,250
Vanguard Ftse Emerging Markets Etf COM 922042858 1,470 37,118 SH   SOLE   0 0 37,118
Vanguard High Dividend Yield Etf COM 921946406 1,371 17,401 SH   SOLE   0 0 17,401
Vanguard Information Technology Etf COM 92204A702 11,920 42,769 SH   SOLE   0 0 42,769
Vanguard S&P 500 Etf COM 922908363 415 1,463 SH   SOLE   0 0 1,463
Vanguard Short-Term Corporate Bond Etf COM 92206C409 2,552 30,867 SH   SOLE   0 0 30,867
Verizon Communications Inc COM 92343V104 370 6,706 SH   SOLE   0 0 6,706
Voya Asia Pacific High Dividend Eq Inc COM 92912J102 1,281 167,089 SH   SOLE   0 0 167,089
Voya Financial Inc COM 929089100 2,242 48,061 SH   SOLE   0 0 48,061
Walt Disney Co COM 254687106 914 8,193 SH   SOLE   0 0 8,193
Walt Disney Co COM 254687106 335 3,000 SH   DFND   3,000 0 0
Western Asset Glb Corp Def Opp Common COM 95790C107 4,087 249,529 SH   SOLE   0 0 249,529
Western Asset High Income Opp COM 95766K109 4,357 943,032 SH   SOLE   0 0 943,032
Williams Companies Inc COM 969457100 938 49,304 SH   SOLE   0 0 49,304
Wp Carey Inc COM 92936U109 302 4,470 SH   DFND   4,470 0 0
Wpx Energy Inc COM 98212B103 146 22,944 SH   SOLE   0 0 22,944