Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VUG	VANGUARD INDEX FDS GROWTH ETF	584,623	$49.47M	7.9%	$84.61 *	$13.19	+6.9%	COM	922908736
—	PROSHARES TR PSHS SHTRUSS2000	1,440,967	$26.61M	4.3%	$18.47	$20.63	—	COM	74347R826
LQD	ISHARES TR IBOXX INV CPBD	187,377	$21.27M	3.4%	$113.52	$118.92	-4.5%	COM	464287242
—	SPROTT PHYSICAL GOLD (NEW YORK	1,748,012	$19.27M	3.1%	$11.03	$10.24	—	COM	85207h104
—	WILLIAMS PARTNERS L P COM UNIT	301,528	$15.95M	2.6%	$52.88	$51.60	—	LP	96950F104
—	POWERSHARES ETF TRUST II SENIO	600,892	$14.83M	2.4%	$24.68	$24.75	—	COM	73936Q769
—	POWERSHARES GLOBAL ETF TRUST F	776,854	$14.61M	2.3%	$18.81	$18.64	—	COM	73936T557
—	NATIONAL GRID PLC SPON ADR NEW	227,623	$13.44M	2.2%	$59.05	$56.72	—	COM	636274300
—	VODAFONE GROUP PLC NEW SPONS A	378,044	$13.3M	2.1%	$35.18	$28.74	—	COM	92857W209
—	GENERAL ELECTRIC CO COM	524,749	$12.54M	2.0%	$23.89	$23.20	—	COM	369604103
—	TEEKAY LNG PARTNERS L P PRTNRS	284,124	$12.53M	2.0%	$44.11	$43.70	—	LP	Y8564M105
—	MARKET VECTORS ETF TR EM LC CU	514,633	$12.51M	2.0%	$24.30	$24.26	—	COM	57060U522
VTV	VANGUARD INDEX FDS VALUE ETF	171,170	$11.95M	1.9%	$69.78	$67.63	+3.2%	COM	922908744
EPD	ENTERPRISE PRODS PARTNERS L P	194,565	$11.88M	1.9%	$61.04	$62.15	—	LP	293792107
IVW	ISHARES TR S&P500 GRW	115,619	$10.33M	1.7%	$89.35 *	$21.20	+5.4%	COM	464287309
MSFT	MICROSOFT CORP COM	308,038	$10.25M	1.6%	$33.28 *	$26.71	+2.6%	COM	594918104
HYS	PIMCO ETF TR 0-5 HIGH YIELD	89,833	$9.424M	1.5%	$104.91	$104.79	+0.1%	COM	72201R783
VEU	VANGUARD INTL EQUITY INDEX FD	193,550	$9.407M	1.5%	$48.60	$46.78	+3.9%	COM	922042775
—	HOME LOAN SERVICING SOLUTIONS	410,420	$9.033M	1.5%	$22.01	$23.88	—	COM	G6648D109
AAPL	APPLE INC COM	17,821	$8.496M	1.4%	$476.74 *	$13.16	+11.7%	COM	037833100
—	TEEKAY OFFSHORE PARTNERS L P P	241,662	$8.062M	1.3%	$33.36	$32.47	—	LP	Y8565J101
TLT	ISHARES TR BARCLYS 20+ YR	75,648	$8.049M	1.3%	$106.40	$117.46	-9.4%	COM	464287432
—	ROYAL DUTCH SHELL ADREA REP 2	115,107	$7.925M	1.3%	$68.85	$66.36	—	COM	780259107
PFE	PFIZER INC COM	270,476	$7.77M	1.2%	$28.73 *	$16.46	-0.2%	COM	717081103
—	ANNALY CAP MGMT INC COM	636,266	$7.368M	1.2%	$11.58	$12.51	—	COM	035710409
—	ANNALY CAP MGMT INC PFDSER D %	311,100	$7.295M	1.2%	$23.45	$24.63	—	PFD	035710805
CVX	CHEVRON CORP NEW	57,535	$6.99M	1.1%	$121.49 *	$71.30	+1.8%	COM	166764100
—	TC PIPELINES LP UT COM LTD PRT	143,330	$6.98M	1.1%	$48.70	$48.28	—	LP	87233Q108
QCOM	QUALCOMM INC COM	103,188	$6.947M	1.1%	$67.32 *	$45.14	+6.3%	COM	747525103
—	PROSHARES TR PSHS SHRT S&P500	239,520	$6.709M	1.1%	$28.01	$29.69	—	COM	74347R503
—	GOOGLE INC CL A	7,535	$6.6M	1.1%	$875.91	$880.35	—	COM	38259P508
—	POWERSHARES ETF TR II ASIA PAC	254,675	$6.406M	1.0%	$25.15	$24.61	—	COM	73937B753
—	E M C CORP MASS COM	249,317	$6.372M	1.0%	$25.56	$23.62	—	COM	268648102
BRK/B	BERKSHIRE HATHAWAY INC DEL CL	54,383	$6.173M	1.0%	$113.51	$110.02	+3.2%	COM	084670702
—	NORDSTROM INC COM	105,285	$5.917M	1.0%	$56.20	$59.94	—	COM	655664100
—	POWERSHARES ETF TR II BUILD AM	216,350	$5.904M	0.9%	$27.29	$27.92	—	COM	73937B407
—	SUMMIT MIDSTREAM PARTNERSLP CO	165,959	$5.634M	0.9%	$33.95	$34.15	—	LP	866142102
XOM	EXXON MOBIL CORP COM	64,842	$5.579M	0.9%	$86.04 *	$53.70	-3.4%	COM	30231G102
—	BIOMED REALTY TRUST INC	293,825	$5.462M	0.9%	$18.59	$18.59	—	COM	09063H107
WFC	WELLS FARGO & CO NEW COM	126,435	$5.224M	0.8%	$41.32 *	$27.36	+7.1%	COM	949746101
INTC	INTEL CORP COM	227,300	$5.21M	0.8%	$22.92 *	$17.17	-1.6%	COM	458140100
—	UNILEVER N V N Y SHS NEW	134,982	$5.092M	0.8%	$37.72	$39.31	—	COM	904784709
ORCL	ORACLE CORP COM	153,407	$5.088M	0.8%	$33.17 *	$27.58	+0.4%	COM	68389X105
JNJ	JOHNSON & JOHNSON COM	58,594	$5.079M	0.8%	$86.68 *	$59.66	+3.4%	COM	478160104
IWP	ISHARES TR RUSSELL MCP GR	64,112	$5.014M	0.8%	$78.21 *	$35.74	+9.4%	COM	464287481
YCS	PROSHARES TR II PROSHARES ULTR	79,827	$4.967M	0.8%	$62.22	$64.08	—	COM	74347W569
JPM	JPMORGAN CHASE & CO COM	91,978	$4.754M	0.8%	$51.69 *	$36.24	+2.4%	COM	46625H100
IBM	INTERNATIONAL BUSINESS MACHS C	25,394	$4.703M	0.8%	$185.20 *	$118.94	-8.5%	COM	459200101
—	CORTS TR II PROVIDENT FING COR	163,850	$4.671M	0.8%	$28.51	$28.48	—	PFD	22081B200
—	CHOICE PROPERTIES REIT	435,515	$4.278M	0.7%	$9.82	$9.82	—	COM	17039a106
—	MORGAN STANLEY MKT VECTORS BAS	106,635	$4.271M	0.7%	$40.05	$43.74	—	COM	617480280
—	MEDTRONIC INC COM	78,849	$4.199M	0.7%	$53.25	$51.47	—	COM	585055106
BK	BANK NEW YORK MELLON CORP COM	132,442	$3.998M	0.6%	$30.19 *	$21.22	+5.8%	COM	064058100
OEF	ISHARES TR S&P 100 IDX FD	51,937	$3.887M	0.6%	$74.84	$72.66	+3.0%	COM	464287101
PEP	PEPSICO INC COM	48,422	$3.849M	0.6%	$79.49 *	$56.00	-1.5%	COM	713448108
FANUY	FANUC CORPORATION ADR	138,765	$3.837M	0.6%	$27.65	$25.52	+8.4%	COM	307305102
NEM	NEWMONT MINING CORP COM	135,140	$3.798M	0.6%	$28.10 *	$25.34	-15.0%	COM	651639106
DIS	DISNEY WALT CO COM DISNEY	58,532	$3.775M	0.6%	$64.49 *	$56.11	+2.1%	COM	254687106
BDX	BECTON DICKINSON & CO COM	37,137	$3.714M	0.6%	$100.01 *	$78.11	+3.2%	COM	075887109
DE	DEERE & CO COM	44,488	$3.621M	0.6%	$81.39 *	$68.04	-4.7%	COM	244199105
—	OMNICARE	65,140	$3.615M	0.6%	$55.50	$47.71	—	COM	681904108
MCK	MCKESSON CORP COM	27,477	$3.525M	0.6%	$128.29 *	$101.46	+15.6%	COM	58155Q103
—	JOHNSON CTLS INC COM	82,899	$3.44M	0.6%	$41.50	$35.80	—	COM	478366107
SHY	ISHARES TR BARCLYS 1-3 YR	38,300	$3.235M	0.5%	$84.46	$84.42	+0.1%	COM	464287457
AIG	AMERICAN INTL GROUP INC	66,017	$3.21M	0.5%	$48.62 *	$32.51	+13.6%	COM	026874784
HAL	HALLIBURTON CO COM	64,132	$3.088M	0.5%	$48.15 *	$33.21	+15.7%	COM	406216101
—	TESCO PLC SPONSORED ADR	171,592	$3.013M	0.5%	$17.56	$15.25	—	COM	881575302
UPS	UNITED PARCEL SERVICE INC CL B	32,463	$2.966M	0.5%	$91.37 *	$55.38	+7.6%	COM	911312106
SLB	SCHLUMBERGER LTD COM	32,628	$2.883M	0.5%	$88.36 *	$52.90	+20.2%	COM	806857108
SSW 9.5 PERP C	SEASPAN CORP PERP PFD-C9.5%	105,843	$2.868M	0.5%	$27.10	$26.97	—	PFD	Y75638125
—	ISHARES TR MRTG PLS CAP IDX	232,235	$2.785M	0.4%	$11.99	$12.66	—	COM	464288539
GLW	CORNING INC COM	190,600	$2.781M	0.4%	$14.59 *	$10.49	+1.5%	COM	219350105
—	PROSHARES TR REAL EST NEW 11	126,492	$2.775M	0.4%	$21.94	$21.28	—	COM	74348A871
STT	STATE STR CORP COM	41,943	$2.758M	0.4%	$65.76 *	$44.60	+6.5%	COM	857477103
—	APACHE CORP COM	31,265	$2.662M	0.4%	$85.14	$83.85	—	COM	037411105
—	MERRILL LYNCH CAP TR I GTD CAP	107,365	$2.637M	0.4%	$24.56	$24.90	—	PFD	590199204
HTHIY	HITACHI LTD	39,050	$2.591M	0.4%	$66.35	$65.22	+1.7%	COM	433578507
SLV	ISHARES SILVER TRUST INDEX FUN	119,315	$2.494M	0.4%	$20.90	$20.66	+1.2%	COM	46428Q109
—	BOMBARDIER INC CV CL B FSUBORD	534,650	$2.488M	0.4%	$4.65	$4.47	—	COM	097751200
CVS	CVS CAREMARK CORPORATION COM	43,449	$2.466M	0.4%	$56.76 *	$41.45	-1.6%	COM	126650100
WKC	WORLD FUEL SVCS CORP COM	64,900	$2.421M	0.4%	$37.30	$38.51	-3.1%	COM	981475106
—	DIRECTV COM	39,926	$2.387M	0.4%	$59.79	$61.64	—	COM	25490A309
—	KKR FINANCIAL HOLDINGS	93,200	$2.33M	0.4%	$25.00	$25.70	—	PFD	48248A603
—	TEEKAY OFFSHORE PARTNERS PFD	92,775	$2.292M	0.4%	$24.70	$25.07	—	PFD	y8565j127
CCJ	CAMECO CORP COM	125,425	$2.266M	0.4%	$18.07 *	$17.58	-10.4%	COM	13321L108
—	C&J ENERGY SVCS INC COM	108,935	$2.188M	0.4%	$20.09	$19.37	—	COM	12467B304
TEVA	TEVA PHARMACEUTICAL INDS LTD A	54,707	$2.066M	0.3%	$37.76	$38.94	-3.0%	COM	881624209
—	DCP MIDSTREAM PARTNERS LP COM	39,905	$1.982M	0.3%	$49.67	$54.11	—	LP	23311P100
—	UNITED STATES CELLULAR CORP CA	78,315	$1.892M	0.3%	$24.16	$25.27	—	PFD	911684405
—	CHEUNG KONG INFRASTRUCTURE	268,350	$1.862M	0.3%	$6.94	$6.65	—	COM	G2098R102
PRE 7.25 PERP E	PARTNERRE LTD PFD SER E	67,950	$1.71M	0.3%	$25.17	$27.07	—	PFD	G68603508
PCAR	PACCAR INC COM	28,656	$1.595M	0.3%	$55.66 *	$21.67	+8.1%	COM	693718108
—	NUSTAR LOGISTICS LP	39,950	$1.008M	0.2%	$25.23	$26.01	—	PFD	67059T204
—	CENTRAL FD CDA LTD CL A	65,155	$958K	0.2%	$14.70	$14.17	—	COM	153501101
—	ANNALY CAP MGMT INC PFD STK C	36,795	$881K	0.1%	$23.94	$24.76	—	PFD	035710706
NRIM	NORTHRIM BANCORP INC COM	34,169	$823K	0.1%	$24.09 *	$3.58	+10.3%	COM	666762109
—	CORPORATE BACKED CALL TR CTFS	35,920	$558K	0.1%	$15.53	$18.82	—	PFD	21988T207
COLB	COLUMBIA BKG SYS INC COM	21,200	$524K	0.1%	$24.72 *	$12.82	+14.8%	COM	197236102
COST	COSTCO WHSL CORP NEW	4,515	$520K	0.1%	$115.17 *	$88.81	+3.1%	COM	22160K105
VZ	VERIZON COMMUNICATIONS INC COM	9,944	$464K	0.1%	$46.66 *	$27.04	-7.6%	COM	92343V104
SBUX	STARBUCKS CORP COM	5,984	$461K	0.1%	$77.04 *	$24.37	+24.4%	COM	855244109
BA	BOEING CO COM	3,352	$393K	0.1%	$117.24 *	$81.21	+23.2%	COM	097023105
—	NUVEEN DIVID ADVANTAGE MUN INC	38,298	$385K	0.1%	$10.05	$10.02	—	PFD	67071L502
T	AT&T INC COM	10,352	$350K	0.1%	$33.81 *	$11.40	-6.4%	COM	00206R102
—	WESTERN GAS EQUITY PARTNERS LP	9,000	$335K	0.1%	$37.22	$41.20	—	LP	95825R103
RWT	REDWOOD TR INC COM	15,485	$305K	0.0%	$19.70	$17.10	—	COM	758075402
—	SPDR SERIES TRUST BRCLYS MUNI	12,700	$290K	0.0%	$22.83	$22.83	—	COM	78464A458
BMY	BRISTOL MYERS SQUIBB CO COM	5,834	$270K	0.0%	$46.28 *	$28.67	+7.5%	COM	110122108
ABBV	ABBVIE INC COM	5,965	$267K	0.0%	$44.76 *	$26.62	+3.0%	COM	00287Y109
—	KINDER MORGAN ENERGY LP UNIT L	3,156	$252K	0.0%	$79.85	$85.36	—	LP	494550106
—	JPMORGAN CHASE & CO ALERIAN ML	5,570	$248K	0.0%	$44.52	$46.64	—	COM	46625H365
—	ENBRIDGE ENERGY MNGMT SHS UNIT	8,585	$247K	0.0%	$28.77	$30.27	—	LP	29250X103
WAFD	WASHINGTON FED INC COM	11,826	$245K	0.0%	$20.72 *	$12.07	+21.0%	COM	938824109
—	BUCKEYE PARTNERS L P UNIT LTD	3,246	$213K	0.0%	$65.62	$69.93	—	LP	118230101
—	AIRGAS INC COM	2,000	$212K	0.0%	$106.00	$106.00	—	COM	009363102
—	ENERGY TRANSFER PRTNRS L P UNI	3,900	$203K	0.0%	$52.05	$52.05	—	LP	29273R109
—	NUVEEN DIVID ADVANTAGE MUN FD	17,500	$175K	0.0%	$10.00	$10.07	—	PFD	67066V507
—	AGJUNCTION INC ORD SHS	165,300	$165K	0.0%	$1.00	$0.91	—	COM	00847v108
—	FIRST SOUND BK SEATTLE WASH CO	1,037,000	$156K	0.0%	$0.15	$0.18	—	COM	33647C103
—	911 ETC INC	25,000	$0	0.0%	$0.00	—	—	COM	965990146