Paul E. Davison

JP Morgan Chase Bank Account — None

Citibank Bank Accounts (X) — None

Aberdeen Asia Pac Income (FAX) — Int/Div — Buy

Aberdeen Global High Yield Bond UHYIX) — Int/Div — Sold

Allergan Inc (AGN) — Int/Div

Black Rock A Intl Index (MDILX) — Int/Div — Buy (add'l)

Black Rock A Intl Index (MDILX) — Buy (add'l)

Black Rock A Intl Index (MDILX) — Buy (add'l)

Columbia A Small Cap Index (NMSAX) — Int/Div — Buy

Consolidated Edison (ED) — Int/Div

DFA Emerging Markets Core Equity {DFCEX) — Int

DFA Global Real Estate Sec (DFGEX) — Int/Div

Disney (DIS) — None

DoubleLine Total Return Bond (DBLTX) — Int./y

Fidelity Advisor Floating Rate High Income (FFRHX) — Ine — Buy

Fidelity Advisor Floating Rate High Income (FFRHX) — Sold

Fidelity Adv A Freedom 2020 (FDAFX) — Int/Div — Sold

Fidelity Adv A Freedom Income (FAFAX) — Int/Div — Sold (part)

Fidelity Adv A Freedom Income (FAFAX) — Sold (part)

Fidelity Adv A Freedom Income (FAFAX) — Sold (part)

Fidelity Adv A Freedom Income (FAFAX) — Sold (part)

Fidelity Adv A Freedom Income (FAFAX) — Sold (part)

Fidelity Adv A Freedom Income (FAFAX) — Buy (add'l)

Fidelity Adv A Freedom Income (FAFAX) — Buy (add'l)

Fidelity Cash Reserve (Qual) (FDRXX) — Int/Div

Fidelity Equity Income (FEQIX) — Int/Div

Fidelity New York Municipal Money Market (FNYXX) — Int/Div

Fidelity Retirement Money Market (FRTXX) — Int/Div — Buy

Fidelity Tax Free Bond (F1ABX) — Int/Div — Buy

Fidelity Tax Free Bond (F1ABX) — Sold

Franklin High Income A (FHAIX) — Int/Div — Buy

Franklin High Income A (FHAIX) — Buy (add'l)

Franklin High Income A (FHAIX) — Buy (add'l)

Franklin High Income A (FHAIX) — Buy (add'l)

Franklin High Income A (FHAIX) — Buy (add'l)

Franklin High Income A (FHAIX) — Sold (part)

Franklin High Income A (FHAIX) — Buy (add'l)

Glaxosmithkline PLC ADR (GSK) — Int/Div

Nimois Tool Works (1 TW) — Int/Div — Sold

iShares Barclays 7-10 Yr Treasury Bond IEF) — hy — Buy

iShares iBoxx High Yield Corp Bd (HYG) — Int/Div — Buy (add'l)

iShares iBoxx High Yield Corp Bd (HYG) — Sold (part)

iShares Inc Core Msci Emerging Mkts {IEMG) — Int/Div — Buy

iShares Inc Core Msci Emerging Mkts {IEMG) — Buy (add'l)

iShares JP Morgan USD Emerging Markets Bond (EMB) — Int/Div — Buy

iShares JP Morgan USD Emerging Markets Bond (EMB) — Sold

iShares MSC EAFE Index (EFA) — Int/Div

iShares MSC] EAFE Small Cap Index (SCZ) — Int/Div — Buy

iShares MSCI Emerging Markets Index (EEM) — Int/Div

iShares S&P Global Timber & Forestry Index (WOOD) — Int./hv

iShares S&P National Municipal Bond (IMUB) — Int/Div — Buy

iShares S&P National Municipal Bond (IMUB) — Sold

Johnson & Johnson (JNJ) — Int/Div — Sold (part)

Nuveen Build Amenca (NBD) — Int/Div — Buy

Payden High Income (PYHRX) — Int/Div — Sold

Payden R Emerging Mkts Bond (PYEMX — Int/Div — Sold

PIMCO Total Return Inst {(PTTRX) — hy — Buy

Powershares Build America Bond (BAB) — Int/Div — Buy (add'l)

Powershares Build America Bond (BAB) — Buy (add'l)

SPDR Barclays Capital Short Term High Yield Bond (SINK) — Int — Buy

SPDR Barclays High Yield Bond (JNK) — Int/Div — Sold

SPDR Barclays Mumcipal (TF) — Int/Div — Buy

SPDR S&P Emerging Markets Small Cap {EWX) — Int/Div

SPDR Senes Trust (BABS) — Int/Div

SPDR Utilities Select Sector (XLU) — hy — Buy

SPDR Utilities Select Sector (XLU) — Sold

TCW I Total Return Bond (TGLMX) — Int/Div

TCW N Total Return Bond (TGMNX) — Int/Div — Buy

Vanguard High Yield Corporate- Admiral (VWEAX) — Int

WisdomTree Dreyfus New Zealand Dollar (AUNZ) — Int/Div — Buy

Zimmer Holdmgs Inc (ZMH) — Int/Div

New York 529 Inflation Protected Securities Portfolio — None — Buy (add'l)

TRUST #1

Call EEM 1-17-15 (@ 46 (Short Sale) — None — Sold

Call EEM 1-17-15 (@ 46 (Short Sale) — Closed

Aberdeen Asia Pac Income (FAX) — Int/Div — Buy

Aberdeen Asia Pac Income (FAX) — Buy (add'l)

DoubleLine Total Return Bond (DBLTX — Int/Div — Buy

Fidelity New York Municipal Income (FTFMX) — Int/Div

Fidelity New York Municipal Money Market (FNYXX) — Int/Div

Fidelity Spartan 500 Index Advantage (FUSVX) — Int/Div — Buy

Fidelity Spartan 500 Index (FUSEX) — None — Sold

Fidelity Spartan Extended Mkt Index (FSEMX) — None — Sold

Fidelity Spartan Extended Market Index Adv (FSEVX) — Int/Div — Buy

Fidelity Spartan Tax-Free Bond (FTABX) — Int/Div

Fidelity Spartan Total Market Index - Adv (FSTVX) — Int/Div

iShares iBoxx High Yield Corp Bd (HYG) — Int/Div — Sold

iShares MSCI EAFE Index (EFA) — Int/Div — Sold (part)

iShares MSCI Emerging Markets Index (EEM) — Int/Div — Sold (part)

iShares MSCI Emerging Markets Index (EEM) — Sold (part)

iShares Russell 1000 Index (1WB) — Int/Div

iShares S&P S00 Index (IVV) — Int/Div — Buy

iShares S&P Global Timber & Forestry Index (WOOD) — Int/Div

JP Morgan Tax Aware Real Return - Inst! (TXRIX) — Int/Div

Nuveen Energy MLP Total Return (IMF) — Int/Div

Nuveen NY Municipal Dividend Advantage (NAN) — Int/Div

Payden High Income (PYHRX) — Int/Div — Sold (part)

Plum Creek Timber Co (PCL) — Int/Div

Port Auth NY & NJ Cons Bds 4.25% TOV 172026 (73358 1ISFD) — Interest — Sold

Potlatch Corp (PCH) — Int/Div

Puerto Rico Comwith Pub Impt-Ser A £.25% 7/1/2024 (7451455A6) — Interest — Buy

Puerto Rico Pub Bldgs AuthSer P 6.25% T172026 (745235158) — Interest — Buy

S&P Dep Receipts (SPY) — Int/Div

SPDR Barclays Cptl Shrt Trm Crprt Bnd ETF (SCPB) — Int/Div — Sold

SPDR Barclays Municipal (TF1) — Int/Div — Buy

SPDR Dow Jones Industrial Average (DIA) — Int/Div

US Treasury Nts 1.625% 8/15/2022 (912828T19) — Interest — Buy

Vanguard FTSE (VSS) — Int/Div

Vanguard Hi Yield Tax-Exempt Adm (VWALX) — Int/Div — Sold

Vanguard Short Term Corp Bond (VCSH) — Int/Div

WisdomTree Dreyfus New Zealand Dollar (AUNZ) — Int/Div — Buy

WisdomTree Dreyfus New Zealand Dollar (AUNZ) — Sold

WisdomTree Emergimg Mkts Small Cap Div (DGS) — Int/Div

Adpnct Professor, New York Law School

Income — 2013 — New York Law School - Salary — $2,500.00)

Illinois Tool Works (ITW): 12/13/12 sale reported at line 32 of 2012 report left us holding fractional shares m dividend remvestment accounts.

Fractional shares then liquidated on 10/17/13 as reported at line 39.

The fund formerly known as 'Artio 1 Global Yield Bond Fund’ reported on line 3 of 2012 report is now known as ‘Aberdeen 1 Global High Yield Bond Fund’ and is

reported on line 4 of 2013 report.