Integrated Wealth Management

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CIK 1640250

13F portfolio (2017-Q1)

$299M

Positions

268

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2016-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

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As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2017-Q1)

Holdings

268

Top 5

13.2%

Top 10

22.6%

Effective N

96.0

HHI

0.010

This quarter

32 new · 0 exit →

By sector

Unclassified47.5%

Consumer Staples8.5%

Information Technology8.4%

Health Care5.8%

Financials5.2%

Energy5.0%

Consumer Discretionary4.2%

Communication Services4.2%

Other11.1%

By market cap

Unknown48.0%

Mega (>$200B)28.8%

Large ($10–200B)21.7%

Micro (<$300M)0.9%

Small ($300M–2B)0.4%

Mid ($2–10B)0.2%

By region

North America52.4%

Other47.5%

Europe0.2%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	48.06%	151
Pharmaceuticals & Biotechnology	5.32%	8
Oil, Gas & Consumable Fuels	4.97%	9
Tobacco	4.90%	2
Technology Hardware & Equipment	4.36%	6
Banks	3.31%	7
Utilities	2.81%	12
Chemicals	2.76%	3
Beverages	2.35%	2
Road & Rail	1.96%	3
Hotels, Restaurants & Leisure	1.90%	2
Software & IT Services	1.88%	4
Diversified Telecommunication Services	1.80%	4
Specialty Retail	1.78%	5
Electrical Equipment & Components	1.43%	3
Food Products	1.30%	4
Equity Real Estate Investment Trusts (REITs)	1.24%	8
Software	1.12%	2
Commercial Services & Supplies	1.06%	4
Semiconductors & Semiconductor Equipment	0.89%	1
Capital Markets	0.61%	2
Aerospace & Defense	0.60%	3
Entertainment	0.57%	1
Health Care Equipment & Supplies	0.50%	3
Media & Entertainment	0.41%	3
Automobiles & Components	0.36%	2
Airlines	0.30%	1
Insurance	0.28%	3
Machinery	0.25%	1
Distributors	0.21%	2
Industrial Conglomerates	0.19%	1
Paper & Forest Products	0.17%	1
Metals & Mining	0.15%	2
Communications Equipment	0.13%	2
Construction Materials	0.09%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	AAPL	Apple Inc.	Information Technology	3.25%
2	PM	Philip Morris International Inc.	Consumer Staples	2.89%
3	PG	PROCTER & GAMBLE Co	Materials	2.49%
4	JNJ	JOHNSON & JOHNSON	Health Care	2.44%
5	VWO	VANGUARD INTL EQUITY INDEX F	Unclassified	2.18%
6	XOM	EXXON MOBIL CORP	Energy	2.12%
7	MO	ALTRIA GROUP, INC.	Consumer Staples	2.01%
8	UPS	UNITED PARCEL SERVICE INC	Industrials	1.77%
9	VEA	VANGUARD TAX-MANAGED FDS	Unclassified	1.75%
10	CVX	CHEVRON CORP	Energy	1.67%

118/268 names classified · sector 52.5% of weight · industry 51.9% · mkt cap 52.0%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 9 quarters

Consumer StaplesPM, MO, KO, PEP, MDLZ · other

Information TechnologyAAPL, GE, MSFT, INTC, IBM · other

EnergyXOM, CVX, PSX, COP, PAA · other

Health CareJNJ, PFE, ABBV, MRK, ABT · other

FinancialsJPM, UNB, BLK, BRK.B, WFC · other

Consumer DiscretionaryMCD, WMT, SBUX, TGT, AMZN · other

IndustrialsUPS, FDX, BA, SPGI, HON · other

Communication ServicesVZ, DIS, T, META, GOOGL · other

UtilitiesEPD, KMI, SO, SRE, CQP · other

MaterialsPG, CL, KMB, CMP, AG · other

Real EstateO, VTR, WELL, PSA, GNL · other

UnclassifiedBND, VWO, VEA, VGK, DBEU · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 52.5% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2017-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 50% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (105 classified)Integrated Wealth Management centroid (Large Core)

Consumer StaplesInformation TechnologyHealth CareEnergyFinancialsConsumer DiscretionaryCommunication ServicesIndustrialsMaterialsUtilitiesReal Estate

Style box summary for Integrated Wealth Management: centroid Large Core. Heaviest cells: Large Value 23.7%, Large Core 10.6%, Large Growth 10.0%.

Classified: 49.8% of book weight (105/220 names) · unclassified 50.2%: , VWO, VEA, VCIT, IVV, PFF, VOO, MGK, SPY, HYG +105 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 268 positions (2017-Q1) · largest first · Δ vs 2016-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	AAPLAPPLE INC	67,469	$10M	3.2%	ADD 5%
2	PMPHILIP MORRIS INTL INC	76,432	$9M	2.9%	HOLD
3	PGPROCTER AND GAMBLE CO	82,756	$7M	2.5%	HOLD
4	JNJJOHNSON & JOHNSON	58,434	$7M	2.4%	HOLD
5	VWOVANGUARD INTL EQUITY INDEX F	163,682	$7M	2.2%	ADD 14%
6	XOMEXXON MOBIL CORP	77,002	$6M	2.1%	ADD 3%
7	MOALTRIA GROUP INC	83,839	$6M	2.0%	HOLD
8	UPSUNITED PARCEL SERVICE INC	49,145	$5M	1.8%	HOLD
9	VEAVANGUARD TAX-MANAGED FDS	133,181	$5M	1.8%	ADD 19%
10	CVXCHEVRON CORP NEW	46,350	$5M	1.7%	HOLD
11	POWERSHARES QQQ TRUST	37,165	$5M	1.6%	ADD 6%
12	KOCOCA COLA CO	101,609	$4M	1.4%	ADD 3%
13	VCITVANGUARD SCOTTSDALE FDS	49,030	$4M	1.4%	ADD 14%
14	IVVISHARES TR	17,649	$4M	1.4%	ADD 21%
15	JPMJPMORGAN CHASE & CO	47,492	$4M	1.4%	ADD 2%
16	PFFISHARES TR	103,657	$4M	1.3%	ADD 7%
17	GEGENERAL ELECTRIC CO	131,814	$4M	1.3%	ADD 2%
18	VOOVANGUARD INDEX FDS	17,908	$4M	1.3%	ADD 12%
19	MGKVanguard Mega Cap Growth ETF	40,392	$4M	1.3%	ADD 9%
20	MCDMCDONALDS CORP	29,671	$4M	1.3%	HOLD
21	SPYSTATE STR SPDR S&P 500 ETF T	15,469	$4M	1.2%	ADD 24%
22	HYGISHARES TR	39,655	$3M	1.2%	ADD 19%
23	VOVANGUARD INDEX FDS	24,754	$3M	1.2%	ADD 24%
24	EPDENTERPRISE PRODS PARTNERS L	118,548	$3M	1.1%	HOLD
25	VYMVANGUARD WHITEHALL FDS	41,476	$3M	1.1%	ADD 22%
26	MSFTMICROSOFT CORP	45,036	$3M	1.0%	HOLD
27	WALGREENS BOOTS ALLIANCE INC	34,161	$3M	1.0%	HOLD
28	TOTLSSGA ACTIVE ETF TR	56,489	$3M	0.9%	HOLD
29	SCHZSCHWAB STRATEGIC TR	52,601	$3M	0.9%	ADD 9%
30	PEPPEPSICO INC	24,274	$3M	0.9%	HOLD
31	UNBUNION BANKSHARES INC	62,535	$3M	0.9%	HOLD
32	INTCINTEL CORP	73,869	$3M	0.9%	HOLD
33	VZVERIZON COMMUNICATIONS INC	53,980	$3M	0.9%	ADD 10%
34	VBVANGUARD INDEX FDS	17,864	$2M	0.8%	ADD 20%
35	VGKVANGUARD INTL EQUITY INDEX F	43,111	$2M	0.7%	TRIM −6%
36	WMTWALMART INC	30,181	$2M	0.7%	ADD 2%
37	DBEUDBX ETF TR	79,489	$2M	0.7%	TRIM −7%
38	IBMINTERNATIONAL BUSINESS MACHS	11,631	$2M	0.7%	HOLD
39	VDCVANGUARD WORLD FD	14,374	$2M	0.7%	TRIM −8%
40	VCSHVANGUARD SCOTTSDALE FDS	25,293	$2M	0.7%	ADD 73%
41	MRKMERCK & CO INC	30,977	$2M	0.7%	HOLD
42	ABBVABBVIE INC	28,692	$2M	0.6%	HOLD
43	METAMETA PLATFORMS INC	13,048	$2M	0.6%	TRIM −2%
44	TAT&T INC	44,360	$2M	0.6%	ADD 13%
45	SBUXSTARBUCKS CORP	31,306	$2M	0.6%	ADD 5%
46	FEXFirst Tr Large Cap Core AlphaDex Fd ETF	35,009	$2M	0.6%	ADD 13%
47	BRK.BBERKSHIRE HATHAWAY INC DEL	10,811	$2M	0.6%	ADD 10%
48	SCHBSCHWAB STRATEGIC TR	31,517	$2M	0.6%	ADD 18%
49	MDLZMONDELEZ INTL INC	41,300	$2M	0.6%	HOLD
50	PFEPFIZER INC	51,748	$2M	0.6%	HOLD
51	KELLANOVA	23,852	$2M	0.6%	HOLD
52	DISDISNEY WALT CO	15,027	$2M	0.6%	TRIM −4%
53	IWMISHARES TR	12,351	$2M	0.6%	ADD 23%
54	SPGIS&P GLOBAL INC	12,301	$2M	0.5%	HOLD
55	VOOGVANGUARD ADMIRAL FDS INC	13,184	$2M	0.5%	HOLD
56	BLKBLACKROCK INC	4,005	$2M	0.5%	HOLD
57	CORPPIMCO ETF TR	14,636	$2M	0.5%	ADD 44%
58	IWFISHARES TR	12,771	$1M	0.5%	HOLD
59	DVYISHARES TR	15,858	$1M	0.5%	ADD 4%
60	ABTABBOTT LABS	32,320	$1M	0.5%	HOLD
61	GOOGLALPHABET INC	1,653	$1M	0.5%	TRIM −5%
62	MUBISHARES TR	12,832	$1M	0.5%	TRIM −24%
63	VNQVANGUARD INDEX FDS	16,910	$1M	0.5%	TRIM −5%
64	FNXFirst Trust Mid Cap Core AlphaDEX ETF	23,572	$1M	0.5%	ADD 252%
65	SEAGATE TECHNOLOGY PLC	30,012	$1M	0.5%	HOLD
66	KHCKRAFT HEINZ CO	14,619	$1M	0.4%	ADD 3%
67	SCHFSCHWAB STRATEGIC TR	43,686	$1M	0.4%	ADD 17%
68	Vaneck Vectors AMT-Free Inter	55,409	$1M	0.4%	HOLD
69	PRAXAIR INC	10,902	$1M	0.4%	HOLD
70	ADPAUTOMATIC DATA PROCESSING IN	12,380	$1M	0.4%	HOLD
71	SCHESCHWAB STRATEGIC TR	51,174	$1M	0.4%	ADD 21%
72	BNDVANGUARD BD INDEX FDS	14,907	$1M	0.4%	TRIM −10%
73	LQDISHARES TR	10,126	$1M	0.4%	TRIM −4%
74	IWDISHARES TR	10,035	$1M	0.4%	HOLD
75	IJHISHARES TR	6,593	$1M	0.4%	ADD 2%
76	WFCWELLS FARGO CO NEW	20,105	$1M	0.4%	ADD 8%
77	AMZNAMAZON COM INC	1,244	$1M	0.4%	ADD 8%
78	GOOGALPHABET INC	1,314	$1M	0.4%	TRIM −5%
79	SHMSPDR SERIES TRUST	21,541	$1M	0.3%	HOLD
80	SCHDSCHWAB STRATEGIC TR	23,224	$1M	0.3%	ADD 51%
81	BDXBECTON DICKINSON & CO	5,444	$999,000	0.3%	ADD 3%
82	BABOEING CO	5,526	$977,000	0.3%	HOLD
83	BACBANK AMERICA CORP	40,834	$963,000	0.3%	HOLD
84	SOSOUTHERN CO	19,289	$960,000	0.3%	HOLD
85	IJRISHARES TR	13,789	$954,000	0.3%	ADD 147%
86	EFAISHARES TR	15,135	$943,000	0.3%	ADD 6%
87	MDYVSPDR SERIES TRUST	9,793	$943,000	0.3%	ADD 26%
88	FDXFEDEX CORP	4,539	$886,000	0.3%	ADD 5%
89	SCHASCHWAB STRATEGIC TR	14,055	$885,000	0.3%	ADD 15%
90	VVISA INC	9,813	$872,000	0.3%	TRIM −10%
91	VIGVANGUARD SPECIALIZED FUNDS	9,600	$863,000	0.3%	ADD 15%
92	PSXPHILLIPS 66	10,815	$857,000	0.3%	HOLD
93	IGIBISHARES TR	7,819	$852,000	0.3%	TRIM −12%
94	IGSBISHARES TR	7,953	$837,000	0.3%	ADD 6%
95	SSGA ACTIVE ETF TR	14,181	$836,000	0.3%	ADD 17%
96	ROYAL DUTCH SHELL PLC	15,833	$835,000	0.3%	ADD 4%
97	USMVISHARES TR	17,307	$826,000	0.3%	NEW
98	VTEBVANGUARD MUN BD FDS	15,627	$791,000	0.3%	TRIM −5%
99	ENBENBRIDGE INC	18,504	$774,000	0.3%	NEW
100	OREALTY INCOME CORP	12,675	$755,000	0.3%	ADD 12%
101	CHTRCHARTER COMMUNICATIONS INC	2,281	$747,000	0.3%	HOLD
102	Invesco S&P 500 Pure Growth	8,279	$742,000	0.2%	ADD 17%
103	UNITED TECHNOLOGIES CORP	6,610	$742,000	0.2%	TRIM −4%
104	ITWILLINOIS TOOL WKS INC	5,524	$732,000	0.2%	HOLD
105	TSLATESLA INC	2,612	$727,000	0.2%	TRIM −3%
106	SCHXSCHWAB U.S. LARGE-CAP ETF	12,654	$712,000	0.2%	ADD 14%
107	HDHOME DEPOT INC	4,792	$704,000	0.2%	ADD 12%
108	LOWLOWES COS INC	8,552	$703,000	0.2%	TRIM −5%
109	BMYBRISTOL-MYERS SQUIBB CO	12,910	$702,000	0.2%	HOLD
110	POWERSHARES ETF TR II	46,414	$688,000	0.2%	HOLD
111	VUGVANGUARD INDEX FDS	5,584	$679,000	0.2%	ADD 14%
112	TMUST-MOBILE US INC	10,449	$675,000	0.2%	HOLD
113	PIONEER NAT RES CO	3,607	$672,000	0.2%	HOLD
114	DUKDUKE ENERGY CORP NEW	8,107	$665,000	0.2%	ADD 3%
115	CSCOCISCO SYS INC	19,605	$663,000	0.2%	ADD 4%
116	AEPAMERICAN ELEC PWR CO INC	9,686	$650,000	0.2%	ADD 4%
117	GNLGLOBAL NET LEASE INC	26,953	$649,000	0.2%	NEW
118	HDVISHARES TR	7,603	$638,000	0.2%	ADD 14%
119	COSTCOSTCO WHSL CORP NEW	3,773	$633,000	0.2%	HOLD
120	AMGNAMGEN INC	3,760	$617,000	0.2%	NEW
121	CLCOLGATE PALMOLIVE CO	8,020	$587,000	0.2%	TRIM −8%
122	SPDR Bloomberg Barclays High Yie	15,865	$586,000	0.2%	TRIM −6%
123	IDUISHARES TR	4,540	$583,000	0.2%	HOLD
124	SCHMSCHWAB STRATEGIC TR	12,311	$583,000	0.2%	ADD 14%
125	VBRVANGUARD INDEX FDS	4,653	$572,000	0.2%	ADD 5%
126	MMM3M CO	2,944	$563,000	0.2%	ADD 2%
127	POWERSHARES ETF TR II	19,219	$559,000	0.2%	TRIM −3%
128	SLBSCHLUMBERGER LTD	6,755	$528,000	0.2%	ADD 9%
129	VTRVENTAS INC	8,051	$524,000	0.2%	ADD 5%
130	GISGENERAL MILLS INC	8,801	$519,000	0.2%	HOLD
131	KMBKIMBERLY-CLARK CORP	3,925	$517,000	0.2%	ADD 9%
132	HONHONEYWELL INTL INC	4,054	$506,000	0.2%	ADD 5%
133	USBUS BANCORP	9,775	$503,000	0.2%	HOLD
134	XILINX INC	8,666	$502,000	0.2%	HOLD
135	WELLWELLTOWER INC	7,028	$498,000	0.2%	ADD 8%
136	EQTEQT CORP	8,104	$495,000	0.2%	HOLD
137	VTIVANGUARD INDEX FDS	4,048	$491,000	0.2%	ADD 6%
138	DDOMINION ENERGY INC	6,311	$490,000	0.2%	ADD 11%
139	SRESEMPRA	4,334	$479,000	0.2%	HOLD
140	Invesco Intl Developed Low Vol	15,325	$472,000	0.2%	TRIM −19%
141	DIASPDR DOW JONES INDL AVERAGE	2,290	$472,000	0.2%	ADD 10%
142	VGTVANGUARD WORLD FD	3,371	$457,000	0.2%	TRIM −4%
143	SPEUSPDR INDEX SHS FDS	14,016	$450,000	0.2%	ADD 22%
144	EMBISHARES TR	3,849	$438,000	0.1%	HOLD
145	MAMASTERCARD INCORPORATED	3,840	$432,000	0.1%	TRIM −39%
146	Guggenheim S&P 500 Equal Weighted ETF	4,762	$432,000	0.1%	NEW
147	BLVVANGUARD BD INDEX FDS	4,777	$430,000	0.1%	HOLD
148	IWOISHARES TR	2,647	$428,000	0.1%	HOLD
149	BLACKROCK MUNIYIELD CALIF QU	29,021	$427,000	0.1%	HOLD
150	SPBOSPDR SERIES TRUST	13,037	$416,000	0.1%	TRIM −5%
151	PRICELINE COM INC	229	$408,000	0.1%	TRIM −36%
152	TIPISHARES TR	3,550	$407,000	0.1%	TRIM −4%
153	DHSWISDOMTREE TR	5,937	$406,000	0.1%	HOLD
154	RYDEX ETF TRUST	2,398	$401,000	0.1%	TRIM −6%
155	COPCONOCOPHILLIPS	8,000	$399,000	0.1%	HOLD
156	FYXFIRST TR EXCHANGE-TRADED ALP	7,287	$397,000	0.1%	ADD 13%
157	KMIKINDER MORGAN INC DEL	17,963	$391,000	0.1%	HOLD
158	Ishares Ibonds Dec	15,111	$384,000	0.1%	ADD 17%
159	WTMFWISDOMTREE TR	9,525	$379,000	0.1%	ADD 18%
160	AGFIRST MAJESTIC SILVER CORP	46,500	$378,000	0.1%	ADD 365%
161	PPLPPL CORP	9,995	$374,000	0.1%	ADD 14%
162	ORCLORACLE CORP	8,292	$370,000	0.1%	ADD 9%
163	SYYSYSCO CORP	7,133	$370,000	0.1%	HOLD
164	VTVVANGUARD INDEX FDS	3,856	$368,000	0.1%	ADD 10%
165	IBBISHARES TR	1,252	$367,000	0.1%	TRIM −8%
166	IEFAISHARES TR	6,165	$357,000	0.1%	NEW
167	BWXSPDR SERIES TRUST	13,250	$353,000	0.1%	TRIM −4%
168	AMTAMERICAN TOWER CORP	2,888	$351,000	0.1%	HOLD
169	LAMRLAMAR ADVERTISING CO	4,559	$341,000	0.1%	ADD 4%
170	CBCHUBB LIMITED	2,497	$340,000	0.1%	ADD 5%
171	FFORD MTR CO	29,071	$338,000	0.1%	TRIM −16%
172	SILVER WHEATON CORP	16,223	$338,000	0.1%	ADD 10%
173	ILCVISHARES TR	3,454	$332,000	0.1%	ADD 16%
174	EMREMERSON ELEC CO	5,510	$330,000	0.1%	ADD 6%
175	QCOMQUALCOMM INC	5,751	$330,000	0.1%	ADD 59%
176	XLYSELECT SECTOR SPDR TR	3,757	$330,000	0.1%	ADD 6%
177	Alerian MLP ETF	25,226	$321,000	0.1%	ADD 20%
178	OEFISHARES TR	3,063	$321,000	0.1%	TRIM −6%
179	WPCW. P. Carey Inc.	5,073	$316,000	0.1%	HOLD
180	UNPUNION PAC CORP	2,925	$310,000	0.1%	HOLD
181	NOCNORTHROP GRUMMAN CORP	1,296	$308,000	0.1%	ADD 45%
182	IWBISHARES TR	2,296	$301,000	0.1%	NEW
183	IWNISHARES TR	2,512	$297,000	0.1%	HOLD
184	WECWEC ENERGY GROUP INC	4,895	$297,000	0.1%	ADD 12%
185	LNTALLIANT ENERGY CORP	7,380	$292,000	0.1%	ADD 3%
186	PEGPUBLIC SVC ENTERPRISE GROUP	6,582	$292,000	0.1%	ADD 8%
187	FLOTISHARES TR	5,703	$290,000	0.1%	HOLD
188	RYDEX ETF TRUST	9,483	$286,000	0.1%	ADD 8%
189	RAYTHEON CO	1,855	$283,000	0.1%	ADD 8%
190	ISHARES IBONDS DEC 2017 TERM CORPORATE ETF	11,308	$281,000	0.1%	ADD 20%
191	EEMISHARES TR	7,106	$280,000	0.1%	TRIM −9%
192	DIREXION SHS ETF TR	3,900	$279,000	0.1%	ADD 34%
193	WYWEYERHAEUSER CO	8,211	$279,000	0.1%	HOLD
194	MDTMEDTRONIC PLC	3,469	$279,000	0.1%	NEW
195	CELGENE CORP	2,211	$275,000	0.1%	HOLD
196	SHYISHARES TR	3,235	$273,000	0.1%	TRIM −8%
197	GSGOLDMAN SACHS GROUP INC	1,183	$272,000	0.1%	ADD 30%
198	NACNUVEEN CA QUALTY MUN INCOME	18,692	$269,000	0.1%	HOLD
199	NSCNORFOLK SOUTHN CORP	2,385	$267,000	0.1%	ADD 2%
200	UFCSUNITED FIRE GROUP INC	6,243	$267,000	0.1%	HOLD

showing the top 200 by weight

☆Integrated Wealth Management