Gladstone Institutional Advisory 13FHR Quarterly holdings report by institutional manager | SEC 12 Feb 20

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
Expires:	Oct 31, 2018
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
3M CO	COM	88579Y101	276	1,565	SH		SOLE		0	0	1,565
3M CO	COM	88579Y101	83	470	SH		DFND	1	0	0	470
ABBVIE INC	COM	00287Y109	25	287	SH		DFND	1	0	0	287
ABBVIE INC	COM	00287Y109	743	8,390	SH		SOLE		0	0	8,390
ABIOMED INC	COM	003654100	209	1,225	SH		SOLE		0	0	1,225
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	176	835	SH		DFND	1	0	0	835
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	63	298	SH		SOLE		0	0	298
ADOBE INC	COM	00724F101	16	49	SH		DFND	1	0	0	49
ADOBE INC	COM	00724F101	204	619	SH		SOLE		0	0	619
ADVANCED EMISSIONS SOLUTS IN	COM	00770C101	112	10,621	SH		SOLE		0	0	10,621
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	116	549	SH		DFND	1	0	0	549
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	976	4,601	SH		SOLE		0	0	4,601
ALLIANCEBERNSTEIN HOLDING LP	UNIT LTD PARTN	01881G106	361	11,941	SH		SOLE		0	0	11,941
ALLIANZGI CONV INCOME FD	COM	018828103	60	10,500	SH		SOLE		0	0	10,500
ALPHABET INC	CAP STK CL A	02079K305	202	151	SH		DFND	1	0	0	151
ALPHABET INC	CAP STK CL A	02079K305	903	674	SH		SOLE		0	0	674
ALPHABET INC	CAP STK CL C	02079K107	132	99	SH		DFND	1	0	0	99
ALPHABET INC	CAP STK CL C	02079K107	373	279	SH		SOLE		0	0	279
ALPS ETF TR	MED BREAKTHGH	00162Q593	216	5,116	SH		SOLE		0	0	5,116
AMAZON COM INC	COM	023135106	283	153	SH		DFND	1	0	0	153
AMAZON COM INC	COM	023135106	3,322	1,798	SH		SOLE		0	0	1,798
AMERICAN EXPRESS CO	COM	025816109	71	569	SH		SOLE		0	0	569
AMERICAN EXPRESS CO	COM	025816109	140	1,125	SH		DFND	1	0	0	1,125
AMGEN INC	COM	031162100	337	1,400	SH		SOLE		0	0	1,400
AMGEN INC	COM	031162100	82	339	SH		DFND	1	0	0	339
APPLE INC	COM	037833100	540	1,840	SH		DFND	1	0	0	1,840
APPLE INC	COM	037833100	4,583	15,607	SH		SOLE		0	0	15,607
ARES MANAGEMENT CORPORATION	CL A COM STK	03990B101	213	5,975	SH		SOLE		0	0	5,975
ARK ETF TR	GENOMIC REV ETF	00214Q302	261	7,784	SH		SOLE		0	0	7,784
ARK ETF TR	INNOVATION ETF	00214Q104	265	5,294	SH		SOLE		0	0	5,294
AT&T INC	COM	00206R102	150	3,839	SH		DFND	1	0	0	3,839
AT&T INC	COM	00206R102	944	24,157	SH		SOLE		0	0	24,157
AUTODESK INC	COM	052769106	16	88	SH		SOLE		0	0	88
AUTODESK INC	COM	052769106	236	1,289	SH		DFND	1	0	0	1,289
BANK AMER CORP	COM	060505104	47	1,333	SH		DFND	1	0	0	1,333
BANK AMER CORP	COM	060505104	831	23,602	SH		SOLE		0	0	23,602
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	304	1,340	SH		DFND	1	0	0	1,340
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	719	3,173	SH		SOLE		0	0	3,173
BLACKROCK 2022 GBL INCM OPP	COM	09258P104	173	17,500	SH		SOLE		0	0	17,500
BLACKROCK CAPITAL INVESTMENT	COM	092533108	126	25,429	SH		SOLE		0	0	25,429
BLACKROCK MUNIHLDGS NJ QLTY	COM	09254X101	1,159	80,789	SH		SOLE		0	0	80,789
BLACKSTONE GROUP INC	COM CL A	09260D107	409	7,304	SH		SOLE		0	0	7,304
BOEING CO	COM	097023105	21	65	SH		DFND	1	0	0	65
BOEING CO	COM	097023105	491	1,507	SH		SOLE		0	0	1,507
BP PLC	SPONSORED ADR	055622104	230	6,082	SH		SOLE		0	0	6,082
BP PLC	SPONSORED ADR	055622104	195	5,154	SH		DFND	1	0	0	5,154
BRISTOL MYERS SQUIBB CO	COM	110122108	2,625	40,889	SH		SOLE		0	0	40,889
BRISTOL MYERS SQUIBB CO	COM	110122108	10	159	SH		DFND	1	0	0	159
BROADCOM INC	COM	11135F101	138	437	SH		DFND	1	0	0	437
BROADCOM INC	COM	11135F101	274	868	SH		SOLE		0	0	868
CAPITAL ONE FINL CORP	COM	14040H105	14	133	SH		DFND	1	0	0	133
CAPITAL ONE FINL CORP	COM	14040H105	233	2,264	SH		SOLE		0	0	2,264
CARNIVAL CORP	UNIT 99/99/9999	143658300	96	1,897	SH		DFND	1	0	0	1,897
CARNIVAL CORP	UNIT 99/99/9999	143658300	106	2,086	SH		SOLE		0	0	2,086
CHEVRON CORP NEW	COM	166764100	140	1,163	SH		DFND	1	0	0	1,163
CHEVRON CORP NEW	COM	166764100	293	2,427	SH		SOLE		0	0	2,427
CHUBB LIMITED	COM	H1467J104	202	1,298	SH		DFND	1	0	0	1,298
CHUBB LIMITED	COM	H1467J104	25	163	SH		SOLE		0	0	163
CISCO SYS INC	COM	17275R102	470	9,791	SH		SOLE		0	0	9,791
CISCO SYS INC	COM	17275R102	256	5,333	SH		DFND	1	0	0	5,333
COCA COLA CO	COM	191216100	150	2,708	SH		DFND	1	0	0	2,708
COCA COLA CO	COM	191216100	251	4,542	SH		SOLE		0	0	4,542
COLGATE PALMOLIVE CO	COM	194162103	78	1,129	SH		DFND	1	0	0	1,129
COLGATE PALMOLIVE CO	COM	194162103	173	2,514	SH		SOLE		0	0	2,514
COMCAST CORP NEW	CL A	20030N101	307	6,827	SH		DFND	1	0	0	6,827
COMCAST CORP NEW	CL A	20030N101	227	5,040	SH		SOLE		0	0	5,040
CONOCOPHILLIPS	COM	20825C104	21	328	SH		DFND	1	0	0	328
CONOCOPHILLIPS	COM	20825C104	1,662	25,563	SH		SOLE		0	0	25,563
DISH NETWORK CORP	CL A	25470M109	326	9,198	SH		SOLE		0	0	9,198
DISNEY WALT CO	COM DISNEY	254687106	1,088	7,525	SH		SOLE		0	0	7,525
DISNEY WALT CO	COM DISNEY	254687106	136	941	SH		DFND	1	0	0	941
EDWARDS LIFESCIENCES CORP	COM	28176E108	218	936	SH		SOLE		0	0	936
ELECTRONIC ARTS INC	COM	285512109	7	67	SH		DFND	1	0	0	67
ELECTRONIC ARTS INC	COM	285512109	243	2,256	SH		SOLE		0	0	2,256
ETF MANAGERS TR	PRIME CYBR SCRTY	26924G201	274	6,611	SH		SOLE		0	0	6,611
EXXON MOBIL CORP	COM	30231G102	36	514	SH		DFND	1	0	0	514
EXXON MOBIL CORP	COM	30231G102	2,915	41,769	SH		SOLE		0	0	41,769
FACEBOOK INC	CL A	30303M102	203	991	SH		DFND	1	0	0	991
FACEBOOK INC	CL A	30303M102	841	4,099	SH		SOLE		0	0	4,099
FIDELITY	TOTAL BD ETF	316188309	1,420	27,447	SH		SOLE		0	0	27,447
FIDELITY COVINGTON TR	DIVID ETF RISI	316092832	673	19,077	SH		SOLE		0	0	19,077
FIDELITY COVINGTON TR	HIGH DIVID ETF	316092840	2,278	70,192	SH		SOLE		0	0	70,192
FIRST TR EXCH TRADED FD III	MUNI HI INCM ETF	33739P301	6,071	113,875	SH		SOLE		0	0	113,875
FIRST TR EXCH TRD ALPHA FD I	EMERG MKT ALPH	33737J182	2,851	107,428	SH		SOLE		0	0	107,428
FIRST TR EXCHANG TRADED FD I	MANAGD MUN ETF	33739N108	4,508	81,162	SH		SOLE		0	0	81,162
FIRST TR EXCHANGE TRADED FD	CAP STRENGTH ETF	33733E104	385	6,376	SH		SOLE		0	0	6,376
FIRST TR EXCHANGE TRADED FD	DJ GLBL DIVID	33734X200	304	12,201	SH		SOLE		0	0	12,201
FIRST TR EXCHANGE TRADED FD	DJ INTERNT IDX	33733E302	1,959	14,084	SH		SOLE		0	0	14,084
FIRST TR EXCHANGE TRADED FD	DORSEY WRIGHT	33738R878	478	17,291	SH		SOLE		0	0	17,291
FIRST TR EXCHANGE TRADED FD	DORSEY WRT 5 ETF	33738R605	259	8,199	SH		SOLE		0	0	8,199
FIRST TR EXCHANGE TRADED FD	FIRST TR ENH NEW	33739Q408	30,202	502,614	SH		SOLE		0	0	502,614
FIRST TR EXCHANGE TRADED FD	FIRST TR ENH NEW	33739Q408	134	2,225	SH		DFND	1	0	0	2,225
FIRST TR EXCHANGE TRADED FD	FIRST TR TA HIYL	33738D408	708	14,516	SH		SOLE		0	0	14,516
FIRST TR EXCHANGE TRADED FD	MULTI ASSET DI	33738R100	582	30,949	SH		SOLE		0	0	30,949
FIRST TR EXCHANGE TRADED FD	NASD TECH DIV	33738R118	964	22,346	SH		SOLE		0	0	22,346
FIRST TR EXCHANGE TRADED FD	NY ARCA BIOTECH	33733E203	228	1,531	SH		SOLE		0	0	1,531
FIRST TR EXCHANGE TRADED FD	SENIOR LN FD	33738D309	1,253	26,138	SH		SOLE		0	0	26,138
FIRST TR EXCHANGE TRADED FD	SSI STRG ETF	33739Q507	10,787	325,991	SH		SOLE		0	0	325,991
FIRST TR EXCHANGE TRADED FD	TECH ALPHADEX	33734X176	1,019	14,039	SH		SOLE		0	0	14,039
FIRST TR EXCHANGE TRADED FD	US EQTY OPPT ETF	336920103	609	7,582	SH		SOLE		0	0	7,582
FIRST TR EXCHANGE-TRADED FD	PFD SECS INC ETF	33739E108	857	42,676	SH		SOLE		0	0	42,676
FIRST TR EXCHNG TRADED FD VI	TCW OPPORTUNIS	33740F805	251	4,840	SH		SOLE		0	0	4,840
FIRST TR EXCHNG TRADED FD VI	TCW UNCONSTRAI	33740F888	366	14,137	SH		SOLE		0	0	14,137
FIRST TR EXCNGE TRD ALPHADEX	MID CAP VAL FD	33737M201	2,140	59,419	SH		SOLE		0	0	59,419
FIRST TR EXCNGE TRD ALPHADEX	MID CP GR ALPH	33737M102	3,295	68,835	SH		SOLE		0	0	68,835
FIRST TR EXCNGE TRD ALPHADEX	SML CAP VAL AL	33737M409	2,117	55,235	SH		SOLE		0	0	55,235
FIRST TR EXCNGE TRD ALPHADEX	SML CP GRW ALP	33737M300	1,676	35,916	SH		SOLE		0	0	35,916
FIRST TR LRG CP GRWTH ALPHAD	COM SHS	33735K108	7,581	103,962	SH		SOLE		0	0	103,962
FIRST TR LRG CP VL ALPHADEX	COM SHS	33735J101	6,633	117,377	SH		SOLE		0	0	117,377
FIRST TR LRGE CP CORE ALPHA	COM SHS	33734K109	2,658	40,744	SH		SOLE		0	0	40,744
FIRST TR MID CAP CORE ALPHAD	COM SHS	33735B108	4,370	60,284	SH		SOLE		0	0	60,284
FIRST TR NAS100 EQ WEIGHTED	SHS	337344105	946	12,814	SH		SOLE		0	0	12,814
FIRST TR NASDAQ100 TECH INDE	SHS	337345102	1,482	14,803	SH		SOLE		0	0	14,803
FIRST TR SML CP CORE ALPHA F	COM SHS	33734Y109	3,019	46,499	SH		SOLE		0	0	46,499
FIRST TR VALUE LINE DIVID IN	SHS	33734H106	2,083	57,819	SH		SOLE		0	0	57,819
GENERAL ELECTRIC CO	COM	369604103	34	3,067	SH		DFND	1	0	0	3,067
GENERAL ELECTRIC CO	COM	369604103	291	26,033	SH		SOLE		0	0	26,033
GILEAD SCIENCES INC	COM	375558103	227	3,501	SH		SOLE		0	0	3,501
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	92	1,950	SH		DFND	1	0	0	1,950
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	169	3,602	SH		SOLE		0	0	3,602
GLOBAL X FDS	RBTCS ARTFL INTE	37954Y715	213	9,743	SH		SOLE		0	0	9,743
GOLDMAN SACHS ETF TR	EQUITY ETF	381430503	366	5,662	SH		DFND	1	0	0	5,662
GOLDMAN SACHS ETF TR	EQUITY ETF	381430503	2,354	36,400	SH		SOLE		0	0	36,400
GRACO INC	COM	384109104	1,504	28,922	SH		SOLE		0	0	28,922
HANCOCK JAFFE LABORATORIES I	COM	41015N106	17	30,000	SH		SOLE		0	0	30,000
HARTFORD FDS EXCHANGE TRADE	MUN OPORTUNITE	41653L503	231	5,535	SH		SOLE		0	0	5,535
HOME DEPOT INC	COM	437076102	94	429	SH		DFND	1	0	0	429
HOME DEPOT INC	COM	437076102	288	1,317	SH		SOLE		0	0	1,317
HONEYWELL INTL INC	COM	438516106	294	1,662	SH		SOLE		0	0	1,662
HONEYWELL INTL INC	COM	438516106	164	924	SH		DFND	1	0	0	924
ILLUMINA INC	COM	452327109	21	64	SH		DFND	1	0	0	64
ILLUMINA INC	COM	452327109	196	592	SH		SOLE		0	0	592
INTEL CORP	COM	458140100	213	3,559	SH		DFND	1	0	0	3,559
INTEL CORP	COM	458140100	469	7,842	SH		SOLE		0	0	7,842
INTERNATIONAL BUSINESS MACHS	COM	459200101	81	605	SH		DFND	1	0	0	605
INTERNATIONAL BUSINESS MACHS	COM	459200101	328	2,447	SH		SOLE		0	0	2,447
INVESCO EXCH TRD SLF IDX FD	BULSHS 2020 HY	46138J601	599	25,030	SH		SOLE		0	0	25,030
INVESCO EXCH TRD SLF IDX FD	BULSHS 2021 HY	46138J809	496	20,093	SH		SOLE		0	0	20,093
INVESCO EXCHANGE TRADED FD T	FTSE RAFI 1000	46137V613	184	1,453	SH		DFND	1	0	0	1,453
INVESCO EXCHANGE TRADED FD T	FTSE RAFI 1000	46137V613	1,638	12,926	SH		SOLE		0	0	12,926
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	206	1,783	SH		SOLE		0	0	1,783
INVESCO EXCHNG TRADED FD TR	FNDMNTL HY CRP	46138E719	480	24,928	SH		SOLE		0	0	24,928
INVESCO EXCHNG TRADED FD TR	NATL AMT MUNI	46138E537	762	28,804	SH		SOLE		0	0	28,804
INVESCO EXCHNG TRADED FD TR	S&P MIDCP LOW	46138E198	433	8,045	SH		SOLE		0	0	8,045
INVESCO EXCHNG TRADED FD TR	S&P ULTRA DIVIDE	46138G656	1,075	27,253	SH		SOLE		0	0	27,253
INVESCO EXCHNG TRADED FD TR	S&P500 HDL VOL	46138E362	476	10,803	SH		SOLE		0	0	10,803
INVESCO EXCHNG TRADED FD TR	SR LN ETF	46138G508	640	28,038	SH		SOLE		0	0	28,038
INVESCO HIGH INCOME 2023 TAR	COM	46135X108	132	12,500	SH		SOLE		0	0	12,500
INVESCO QQQ TR	UNIT SER 1	46090E103	461	2,170	SH		SOLE		0	0	2,170
INVESCO QQQ TR	UNIT SER 1	46090E103	115	542	SH		DFND	1	0	0	542
INVESCO SR INCOME TR	COM	46131H107	69	16,000	SH		SOLE		0	0	16,000
ISHARES INC	CORE MSCI EMKT	46434G103	1,340	24,923	SH		DFND	1	0	0	24,923
ISHARES INC	CORE MSCI EMKT	46434G103	4,492	83,559	SH		SOLE		0	0	83,559
ISHARES INC	MIN VOL EMRG MKT	464286533	542	9,246	SH		SOLE		0	0	9,246
ISHARES TR	BROAD USD HIGH	46435U853	561	13,654	SH		DFND	1	0	0	13,654
ISHARES TR	BROAD USD HIGH	46435U853	24	591	SH		SOLE		0	0	591
ISHARES TR	CONV BD ETF	46435G102	227	3,616	SH		SOLE		0	0	3,616
ISHARES TR	CORE MSCI EAFE	46432F842	733	11,240	SH		DFND	1	0	0	11,240
ISHARES TR	CORE MSCI EAFE	46432F842	4,261	65,313	SH		SOLE		0	0	65,313
ISHARES TR	CORE MSCI TOTAL	46432F834	839	13,556	SH		SOLE		0	0	13,556
ISHARES TR	CORE S&P MCP ETF	464287507	1,225	5,950	SH		DFND	1	0	0	5,950
ISHARES TR	CORE S&P MCP ETF	464287507	8,438	40,995	SH		SOLE		0	0	40,995
ISHARES TR	CORE S&P SCP ETF	464287804	59	699	SH		DFND	1	0	0	699
ISHARES TR	CORE S&P SCP ETF	464287804	1,357	16,179	SH		SOLE		0	0	16,179
ISHARES TR	CORE S&P TTL STK	464287150	564	7,763	SH		DFND	1	0	0	7,763
ISHARES TR	CORE S&P TTL STK	464287150	6,952	95,640	SH		SOLE		0	0	95,640
ISHARES TR	CORE S&P US GWT	464287671	1,562	23,088	SH		DFND	1	0	0	23,088
ISHARES TR	CORE S&P US GWT	464287671	423	6,254	SH		SOLE		0	0	6,254
ISHARES TR	CORE S&P US VLU	464287663	1,209	19,187	SH		DFND	1	0	0	19,187
ISHARES TR	CORE S&P US VLU	464287663	358	5,677	SH		SOLE		0	0	5,677
ISHARES TR	CORE S&P500 ETF	464287200	10,440	32,298	SH		SOLE		0	0	32,298
ISHARES TR	CORE S&P500 ETF	464287200	22	67	SH		DFND	1	0	0	67
ISHARES TR	CORE US AGGBD ET	464287226	501	4,455	SH		DFND	1	0	0	4,455
ISHARES TR	CORE US AGGBD ET	464287226	5,091	45,309	SH		SOLE		0	0	45,309
ISHARES TR	EAFE SML CP ETF	464288273	264	4,237	SH		SOLE		0	0	4,237
ISHARES TR	EXPANDED TECH	464287515	261	1,118	SH		SOLE		0	0	1,118
ISHARES TR	EXPND TEC SC ETF	464287549	271	1,120	SH		SOLE		0	0	1,120
ISHARES TR	EXPONENTIAL TECH	46434V381	1,021	23,873	SH		SOLE		0	0	23,873
ISHARES TR	FLTG RATE NT ETF	46429B655	2,560	50,276	SH		SOLE		0	0	50,276
ISHARES TR	FLTG RATE NT ETF	46429B655	237	4,649	SH		DFND	1	0	0	4,649
ISHARES TR	HDG MSCI EAFE	46434V803	639	20,935	SH		SOLE		0	0	20,935
ISHARES TR	IBONDS DEC2023	46435G318	275	10,647	SH		SOLE		0	0	10,647
ISHARES TR	IBOXX INV CP ETF	464287242	399	3,117	SH		DFND	1	0	0	3,117
ISHARES TR	IBOXX INV CP ETF	464287242	242	1,892	SH		SOLE		0	0	1,892
ISHARES TR	INTRM TR CRP ETF	464288638	241	4,165	SH		SOLE		0	0	4,165
ISHARES TR	JPMORGAN USD EMG	464288281	366	3,194	SH		SOLE		0	0	3,194
ISHARES TR	JPMORGAN USD EMG	464288281	275	2,401	SH		DFND	1	0	0	2,401
ISHARES TR	MBS ETF	464288588	150	1,387	SH		DFND	1	0	0	1,387
ISHARES TR	MBS ETF	464288588	148	1,374	SH		SOLE		0	0	1,374
ISHARES TR	MRGSTR MD CP GRW	464288307	257	978	SH		SOLE		0	0	978
ISHARES TR	MSCI EAFE ETF	464287465	473	6,816	SH		SOLE		0	0	6,816
ISHARES TR	MSCI EMG MKT ETF	464287234	580	12,925	SH		SOLE		0	0	12,925
ISHARES TR	MSCI MIN VOL ETF	46429B697	513	7,814	SH		DFND	1	0	0	7,814
ISHARES TR	MSCI MIN VOL ETF	46429B697	7,451	113,577	SH		SOLE		0	0	113,577
ISHARES TR	NA TEC MULTM ETF	464287531	240	4,348	SH		SOLE		0	0	4,348
ISHARES TR	NASDAQ BIOTECH	464287556	362	3,003	SH		SOLE		0	0	3,003
ISHARES TR	NATIONAL MUN ETF	464288414	303	2,658	SH		SOLE		0	0	2,658
ISHARES TR	PFD AND INCM SEC	464288687	622	16,548	SH		SOLE		0	0	16,548
ISHARES TR	PHLX SEMICND ETF	464287523	297	1,181	SH		SOLE		0	0	1,181
ISHARES TR	RUS 1000 GRW ETF	464287614	1,846	10,494	SH		SOLE		0	0	10,494
ISHARES TR	RUS 1000 GRW ETF	464287614	110	623	SH		DFND	1	0	0	623
ISHARES TR	RUS 1000 VAL ETF	464287598	1,036	7,590	SH		SOLE		0	0	7,590
ISHARES TR	RUS 2000 GRW ETF	464287648	466	2,175	SH		SOLE		0	0	2,175
ISHARES TR	RUS MD CP GR ETF	464287481	264	1,732	SH		SOLE		0	0	1,732
ISHARES TR	RUSSELL 2000 ETF	464287655	784	4,734	SH		DFND	1	0	0	4,734
ISHARES TR	RUSSELL 2000 ETF	464287655	739	4,459	SH		SOLE		0	0	4,459
ISHARES TR	S&P 500 GRWT ETF	464287309	78	401	SH		DFND	1	0	0	401
ISHARES TR	S&P 500 GRWT ETF	464287309	7,727	39,903	SH		SOLE		0	0	39,903
ISHARES TR	S&P 500 VAL ETF	464287408	7,985	61,383	SH		SOLE		0	0	61,383
ISHARES TR	S&P 500 VAL ETF	464287408	74	570	SH		DFND	1	0	0	570
ISHARES TR	S&P MC 400GR ETF	464287606	599	2,516	SH		SOLE		0	0	2,516
ISHARES TR	SELECT DIVID ETF	464287168	224	2,121	SH		SOLE		0	0	2,121
ISHARES TR	SHORT TREAS BD	464288679	654	5,919	SH		DFND	1	0	0	5,919
ISHARES TR	TIPS BD ETF	464287176	45	383	SH		SOLE		0	0	383
ISHARES TR	TIPS BD ETF	464287176	235	2,013	SH		DFND	1	0	0	2,013
ISHARES TR	U.S. CNSM SV ETF	464287580	259	1,134	SH		SOLE		0	0	1,134
ISHARES TR	U.S. FIN SVC ETF	464287770	275	1,809	SH		SOLE		0	0	1,809
ISHARES TR	U.S. TECH ETF	464287721	361	1,550	SH		SOLE		0	0	1,550
ISHARES TR	U.S. UTILITS ETF	464287697	268	1,656	SH		SOLE		0	0	1,656
ISHARES TR	US AER DEF ETF	464288760	34	152	SH		DFND	1	0	0	152
ISHARES TR	US AER DEF ETF	464288760	395	1,778	SH		SOLE		0	0	1,778
ISHARES TR	US INDUSTRIALS	464287754	261	1,558	SH		SOLE		0	0	1,558
ISHARES TR	USA MOMENTUM FCT	46432F396	2,105	16,767	SH		SOLE		0	0	16,767
ISHARES TR	USA QUALITY FCTR	46432F339	1,511	14,960	SH		DFND	1	0	0	14,960
ISHARES TR	USA QUALITY FCTR	46432F339	94	935	SH		SOLE		0	0	935
ISHARES US ETF TR	SHT MAT BD ETF	46431W507	12	236	SH		DFND	1	0	0	236
ISHARES US ETF TR	SHT MAT BD ETF	46431W507	1,134	22,571	SH		SOLE		0	0	22,571
JANUS DETROIT STR TR	HENDERSN SML ETF	47103U209	1,082	22,505	SH		SOLE		0	0	22,505
JANUS DETROIT STR TR	HENDERSON MTG	47103U852	1,143	21,967	SH		SOLE		0	0	21,967
JD COM INC	SPON ADR CL A	47215P106	201	5,719	SH		SOLE		0	0	5,719
JOHNSON & JOHNSON	COM	478160104	812	5,567	SH		SOLE		0	0	5,567
JOHNSON & JOHNSON	COM	478160104	348	2,387	SH		DFND	1	0	0	2,387
JP MORGAN EXCHANGE TRADED FD	ULTRA SHRT INC	46641Q837	1,524	30,230	SH		SOLE		0	0	30,230
JPMORGAN CHASE & CO	COM	46625H100	606	4,349	SH		SOLE		0	0	4,349
JPMORGAN CHASE & CO	COM	46625H100	189	1,355	SH		DFND	1	0	0	1,355
L3HARRIS TECHNOLOGIES INC	COM	502431109	79	398	SH		DFND	1	0	0	398
L3HARRIS TECHNOLOGIES INC	COM	502431109	237	1,198	SH		SOLE		0	0	1,198
LATTICE STRATEGIES TR	HARTFORD MLT ETF	518416102	1,571	53,491	SH		SOLE		0	0	53,491
LILLY ELI & CO	COM	532457108	80	607	SH		SOLE		0	0	607
LILLY ELI & CO	COM	532457108	151	1,146	SH		DFND	1	0	0	1,146
LOCKHEED MARTIN CORP	COM	539830109	133	341	SH		SOLE		0	0	341
LOCKHEED MARTIN CORP	COM	539830109	104	268	SH		DFND	1	0	0	268
LOWES COS INC	COM	548661107	289	2,416	SH		DFND	1	0	0	2,416
LOWES COS INC	COM	548661107	202	1,686	SH		SOLE		0	0	1,686
MASTERCARD INC	CL A	57636Q104	36	119	SH		DFND	1	0	0	119
MASTERCARD INC	CL A	57636Q104	865	2,897	SH		SOLE		0	0	2,897
MCDONALDS CORP	COM	580135101	356	1,802	SH		SOLE		0	0	1,802
MCDONALDS CORP	COM	580135101	35	177	SH		DFND	1	0	0	177
MEDICAL PPTYS TRUST INC	COM	58463J304	256	12,104	SH		SOLE		0	0	12,104
MEDTRONIC PLC	SHS	G5960L103	225	1,987	SH		DFND	1	0	0	1,987
MEDTRONIC PLC	SHS	G5960L103	138	1,212	SH		SOLE		0	0	1,212
MERCK & CO INC	COM	58933Y105	917	10,080	SH		SOLE		0	0	10,080
MERCK & CO INC	COM	58933Y105	186	2,050	SH		DFND	1	0	0	2,050
MICROSOFT CORP	COM	594918104	1,651	10,469	SH		SOLE		0	0	10,469
MICROSOFT CORP	COM	594918104	552	3,499	SH		DFND	1	0	0	3,499
MITSUBISHI UFJ FINL GROUP IN	SPONSORED ADS	606822104	70	12,974	SH		DFND	1	0	0	12,974
MITSUBISHI UFJ FINL GROUP IN	SPONSORED ADS	606822104	1	133	SH		SOLE		0	0	133
MONDELEZ INTL INC	CL A	609207105	181	3,288	SH		DFND	1	0	0	3,288
MONDELEZ INTL INC	CL A	609207105	115	2,090	SH		SOLE		0	0	2,090
NEXTERA ENERGY INC	COM	65339F101	112	463	SH		DFND	1	0	0	463
NEXTERA ENERGY INC	COM	65339F101	171	708	SH		SOLE		0	0	708
NORFOLK SOUTHERN CORP	COM	655844108	152	785	SH		DFND	1	0	0	785
NORFOLK SOUTHERN CORP	COM	655844108	77	397	SH		SOLE		0	0	397
NOVARTIS A G	SPONSORED ADR	66987V109	442	4,672	SH		SOLE		0	0	4,672
NOVARTIS A G	SPONSORED ADR	66987V109	34	355	SH		DFND	1	0	0	355
NUVEEN HIGH INCOME NOVEMBER	COM	67077N106	207	20,663	SH		SOLE		0	0	20,663
NVIDIA CORP	COM	67066G104	54	230	SH		DFND	1	0	0	230
NVIDIA CORP	COM	67066G104	412	1,751	SH		SOLE		0	0	1,751
OPKO HEALTH INC	COM	68375N103	16	11,122	SH		SOLE		0	0	11,122
ORACLE CORP	COM	68389X105	198	3,737	SH		DFND	1	0	0	3,737
ORACLE CORP	COM	68389X105	95	1,797	SH		SOLE		0	0	1,797
PAYPAL HLDGS INC	COM	70450Y103	121	1,123	SH		DFND	1	0	0	1,123
PAYPAL HLDGS INC	COM	70450Y103	206	1,902	SH		SOLE		0	0	1,902
PEPSICO INC	COM	713448108	202	1,481	SH		DFND	1	0	0	1,481
PEPSICO INC	COM	713448108	287	2,102	SH		SOLE		0	0	2,102
PFIZER INC	COM	717081103	188	4,801	SH		DFND	1	0	0	4,801
PFIZER INC	COM	717081103	396	10,117	SH		SOLE		0	0	10,117
PHILIP MORRIS INTL INC	COM	718172109	132	1,554	SH		DFND	1	0	0	1,554
PHILIP MORRIS INTL INC	COM	718172109	131	1,537	SH		SOLE		0	0	1,537
PHILLIPS 66	COM	718546104	2,649	23,775	SH		SOLE		0	0	23,775
PHILLIPS 66	COM	718546104	107	957	SH		DFND	1	0	0	957
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	206	2,026	SH		SOLE		0	0	2,026
PNC FINL SVCS GROUP INC	COM	693475105	121	759	SH		SOLE		0	0	759
PNC FINL SVCS GROUP INC	COM	693475105	100	629	SH		DFND	1	0	0	629
PROCTER & GAMBLE CO	COM	742718109	314	2,518	SH		DFND	1	0	0	2,518
PROCTER & GAMBLE CO	COM	742718109	642	5,137	SH		SOLE		0	0	5,137
PROSHARES TR	S&P 500 DV ARIST	74348A467	330	4,371	SH		SOLE		0	0	4,371
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	9	153	SH		DFND	1	0	0	153
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	228	3,857	SH		SOLE		0	0	3,857
QUALCOMM INC	COM	747525103	246	2,784	SH		SOLE		0	0	2,784
QUALCOMM INC	COM	747525103	112	1,268	SH		DFND	1	0	0	1,268
SALESFORCE COM INC	COM	79466L302	678	4,170	SH		SOLE		0	0	4,170
SALESFORCE COM INC	COM	79466L302	61	378	SH		DFND	1	0	0	378
SANDRIDGE PERMIAN TR	COM UNIT BEN INT	80007A102	14	16,080	SH		SOLE		0	0	16,080
SCHWAB STRATEGIC TR	1000 INDEX ETF	808524722	436	13,816	SH		SOLE		0	0	13,816
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	3,949	144,296	SH		SOLE		0	0	144,296
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	17,598	523,296	SH		SOLE		0	0	523,296
SCHWAB STRATEGIC TR	INTL SCEQT ETF	808524888	1,172	33,832	SH		SOLE		0	0	33,832
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	4,077	80,760	SH		SOLE		0	0	80,760
SCHWAB STRATEGIC TR	US AGGREGATE B	808524839	977	18,293	SH		SOLE		0	0	18,293
SCHWAB STRATEGIC TR	US LCAP GR ETF	808524300	12,734	137,055	SH		SOLE		0	0	137,055
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	12,440	206,915	SH		SOLE		0	0	206,915
SCHWAB STRATEGIC TR	US MID-CAP ETF	808524508	1,478	24,571	SH		SOLE		0	0	24,571
SCHWAB STRATEGIC TR	US REIT ETF	808524847	3,969	86,363	SH		SOLE		0	0	86,363
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	365	4,831	SH		SOLE		0	0	4,831
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	161	1,584	SH		DFND	1	0	0	1,584
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	122	1,193	SH		SOLE		0	0	1,193
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	223	7,249	SH		DFND	1	0	0	7,249
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	358	11,640	SH		SOLE		0	0	11,640
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	142	1,745	SH		DFND	1	0	0	1,745
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	234	2,877	SH		SOLE		0	0	2,877
SHOPIFY INC	CL A	82509L107	280	705	SH		SOLE		0	0	705
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	702	2,463	SH		SOLE		0	0	2,463
SPDR GOLD TRUST	GOLD SHS	78463V107	1,656	11,591	SH		SOLE		0	0	11,591
SPDR INDEX SHS FDS	MSCI ACWI EXUS	78463X848	848	32,905	SH		SOLE		0	0	32,905
SPDR S&P 500 ETF TR	TR UNIT	78462F103	6,961	21,627	SH		SOLE		0	0	21,627
SPDR SERIES TRUST	DJ REIT ETF	78464A607	301	2,950	SH		SOLE		0	0	2,950
SPDR SERIES TRUST	PORTFOLIO SHORT	78464A474	200	6,500	SH		SOLE		0	0	6,500
SPDR SERIES TRUST	S&P 400 MDCP GRW	78464A821	5,526	96,788	SH		SOLE		0	0	96,788
SPDR SERIES TRUST	S&P 400 MDCP VAL	78464A839	5,112	93,325	SH		SOLE		0	0	93,325
SPDR SERIES TRUST	S&P 600 SMCP GRW	78464A201	2,620	40,612	SH		SOLE		0	0	40,612
SPDR SERIES TRUST	S&P 600 SMCP VAL	78464A300	3,340	50,829	SH		SOLE		0	0	50,829
SPDR SERIES TRUST	S&P DIVID ETF	78464A763	309	2,872	SH		SOLE		0	0	2,872
SPDR SERIES TRUST	S&P OILGAS EXP	78464A730	351	14,806	SH		SOLE		0	0	14,806
SSGA ACTIVE ETF TR	SPDR TR TACTIC	78467V848	356	7,271	SH		DFND	1	0	0	7,271
SSGA ACTIVE ETF TR	SPDR TR TACTIC	78467V848	7	150	SH		SOLE		0	0	150
STARBUCKS CORP	COM	855244109	71	810	SH		DFND	1	0	0	810
STARBUCKS CORP	COM	855244109	145	1,644	SH		SOLE		0	0	1,644
TARGET CORP	COM	87612E106	148	1,158	SH		DFND	1	0	0	1,158
TARGET CORP	COM	87612E106	340	2,653	SH		SOLE		0	0	2,653
TE CONNECTIVITY LTD	REG SHS	H84989104	5	50	SH		SOLE		0	0	50
TE CONNECTIVITY LTD	REG SHS	H84989104	223	2,325	SH		DFND	1	0	0	2,325
TEXAS INSTRS INC	COM	882508104	178	1,389	SH		DFND	1	0	0	1,389
TEXAS INSTRS INC	COM	882508104	74	578	SH		SOLE		0	0	578
TRUIST FINL CORP	COM	89832Q109	155	2,748	SH		DFND	1	0	0	2,748
TRUIST FINL CORP	COM	89832Q109	78	1,391	SH		SOLE		0	0	1,391
UNITED PARCEL SERVICE INC	CL B	911312106	128	1,090	SH		DFND	1	0	0	1,090
UNITED PARCEL SERVICE INC	CL B	911312106	742	6,334	SH		SOLE		0	0	6,334
UNITED TECHNOLOGIES CORP	COM	913017109	12	81	SH		DFND	1	0	0	81
UNITED TECHNOLOGIES CORP	COM	913017109	194	1,293	SH		SOLE		0	0	1,293
UNITEDHEALTH GROUP INC	COM	91324P102	285	970	SH		DFND	1	0	0	970
UNITEDHEALTH GROUP INC	COM	91324P102	193	655	SH		SOLE		0	0	655
VANECK VECTORS ETF TR	HIGH YLD MUN ETF	92189H409	326	5,091	SH		SOLE		0	0	5,091
VANECK VECTORS ETF TRUST	AMT FREE SHORT M	92189F528	293	16,441	SH		SOLE		0	0	16,441
VANECK VECTORS ETF TRUST	INVT GRADE FLTG	92189F486	208	8,210	SH		SOLE		0	0	8,210
VANECK VECTORS ETF TRUST	MORNINGSTAR WIDE	92189F643	1	27	SH		DFND	1	0	0	27
VANECK VECTORS ETF TRUST	MORNINGSTAR WIDE	92189F643	1,305	23,830	SH		SOLE		0	0	23,830
VANGUARD ADMIRAL FDS INC	500 VAL IDX FD	921932703	499	3,973	SH		SOLE		0	0	3,973
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	169	2,094	SH		DFND	1	0	0	2,094
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	615	7,627	SH		SOLE		0	0	7,627
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	1,359	16,206	SH		DFND	1	0	0	16,206
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	733	8,742	SH		SOLE		0	0	8,742
VANGUARD GROUP	DIV APP ETF	921908844	487	3,907	SH		SOLE		0	0	3,907
VANGUARD INDEX FDS	GROWTH ETF	922908736	3,337	18,315	SH		SOLE		0	0	18,315
VANGUARD INDEX FDS	MCAP GR IDXVIP	922908538	907	5,711	SH		SOLE		0	0	5,711
VANGUARD INDEX FDS	MCAP VL IDXVIP	922908512	715	5,997	SH		SOLE		0	0	5,997
VANGUARD INDEX FDS	MID CAP ETF	922908629	4	24	SH		DFND	1	0	0	24
VANGUARD INDEX FDS	MID CAP ETF	922908629	219	1,227	SH		SOLE		0	0	1,227
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	3,926	13,271	SH		SOLE		0	0	13,271
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	475	3,462	SH		SOLE		0	0	3,462
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	3	21	SH		DFND	1	0	0	21
VANGUARD INDEX FDS	SMALL CP ETF	922908751	326	1,968	SH		SOLE		0	0	1,968
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	382	1,921	SH		SOLE		0	0	1,921
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	1,630	9,963	SH		DFND	1	0	0	9,963
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	5,002	30,572	SH		SOLE		0	0	30,572
VANGUARD INDEX FDS	VALUE ETF	922908744	248	2,070	SH		SOLE		0	0	2,070
VANGUARD INDEX FDS	VALUE ETF	922908744	4	36	SH		DFND	1	0	0	36
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	222	4,984	SH		SOLE		0	0	4,984
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	6	124	SH		DFND	1	0	0	124
VANGUARD SCOTTSDALE FDS	INTER TERM TREAS	92206C706	4	58	SH		DFND	1	0	0	58
VANGUARD SCOTTSDALE FDS	INTER TERM TREAS	92206C706	944	14,321	SH		SOLE		0	0	14,321
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	1,584	17,342	SH		DFND	1	0	0	17,342
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	588	6,437	SH		SOLE		0	0	6,437
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	301	5,664	SH		SOLE		0	0	5,664
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	4	79	SH		DFND	1	0	0	79
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	816	10,076	SH		DFND	1	0	0	10,076
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	37	461	SH		SOLE		0	0	461
VANGUARD SCOTTSDALE FDS	VNG RUS1000GRW	92206C680	252	1,395	SH		SOLE		0	0	1,395
VANGUARD STAR FD	VG TL INTL STK F	921909768	463	8,307	SH		SOLE		0	0	8,307
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	5	124	SH		DFND	1	0	0	124
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	432	9,806	SH		SOLE		0	0	9,806
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	328	3,496	SH		SOLE		0	0	3,496
VANGUARD WORLD FD	MEGA CAP VAL ETF	921910840	302	3,461	SH		SOLE		0	0	3,461
VANGUARD WORLD FD	MEGA GRWTH IND	921910816	595	4,082	SH		SOLE		0	0	4,082
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	216	1,125	SH		SOLE		0	0	1,125
VANGUARD WORLD FDS	INF TECH ETF	92204A702	269	1,100	SH		DFND	1	0	0	1,100
VANGUARD WORLD FDS	INF TECH ETF	92204A702	409	1,671	SH		SOLE		0	0	1,671
VERIZON COMMUNICATIONS INC	COM	92343V104	1,109	18,061	SH		SOLE		0	0	18,061
VERIZON COMMUNICATIONS INC	COM	92343V104	278	4,525	SH		DFND	1	0	0	4,525
VISA INC	COM CL A	92826C839	194	1,035	SH		DFND	1	0	0	1,035
VISA INC	COM CL A	92826C839	1,126	5,990	SH		SOLE		0	0	5,990
WALMART INC	COM	931142103	110	926	SH		DFND	1	0	0	926
WALMART INC	COM	931142103	176	1,482	SH		SOLE		0	0	1,482
WESTERN DIGITAL CORP	COM	958102105	83	1,311	SH		DFND	1	0	0	1,311
WESTERN DIGITAL CORP	COM	958102105	149	2,343	SH		SOLE		0	0	2,343
WISDOMTREE TR	US MIDCAP DIVID	97717W505	464	12,191	SH		SOLE		0	0	12,191
WISDOMTREE TR	US QTLY DIV GRT	97717X669	338	6,973	SH		SOLE		0	0	6,973

Gladstone Institutional Advisory 13F-HRQuarterly holdings report by institutional manager