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Edith Brunckhorst 2002 Tr 6800 Jericho Tpke-Ste 206E Syosset NY 11791 1162190 X 3 Barbara Brunckhorst 2700 N Ocean Dr 2604A Riviera Beach FL 33404 4575357 X 4 Lillian Edith Brunckhorst 2002 Tr 6800 Jericho Tpke-Ste 206E Syosset NY 11791 6579861 X 2 Publicly Traded Marketable Securities 1162190 2014-07-09 Kandel & Company-Accounting & Tax Prep 20000 0 0 20000 American Express Co-7.25%, 5/20/14 Bank of America Corp-5.125%, 11/15/14 Barclays Bank-5.2%, 7/10/14 BB&T Corp-5.7%, 4/30/14 Bear Stearns Co-5.7%, 11/15/14 Bellsouth Corp-5.2%, 9/15/14 Caterpillar Fin Ser Corp-6.125%, 2/17/14 CME Group Inc-5.75%. 2/15/14 Conoco Phillips-4.75%, 2/1/14 Credit Suisse FB USA-5.125%, 1/15/14 Credit Suisse New York-5.5%, 5/1/14 Deutsche Telecom-4.875%, 7/8/14 Du Pont EI De Nemou-5.875%, 1/15/14 GE Capital Corp-5.65%, 6/9/14 GE Capital Corp-5.9%, 5/13/14 Glaxo Smithkline Cap-4.375%, 4/15/14 Goldman Sachs Group-5%, 10/1/14 Goldman Sachs Group-6%, 5/1/14 Hewlett Packard-6.125%, 5/1/14 HSBC Finance Corp-6.676%, 1/15/21 1447188 1706129 International Paper-5.3%, 4/1/15 98114 99033 JP Morgan Chase-4.65%, 6/1/14 JP Morgan Chase-5.125%, 9/15/14 JP Morgan Chase-5.375%, 1/15/14 Mellon Funding-5%, 12/1/14 Merrill Lynch Co-5.3%, 9/30/15 261538 268408 MetLife-5.5%, 6/15/14 Paccar Inc-6.875%, 2/15/14 Philip Morris-6.875%, 3/17/14 PNC Funding Corp-5.25%, 11/15/15 403227 414560 Potash Corp-5.25%, 5/15/14 Prudential Fin'l-5.1%, 9/20/14 SBC Communications-5.1%, 9/15/14 Staples Inc-9.75%, 1/15/14 Unilever Capital-3.65%, 2/15/14 United Healthcare Group-5%, 8/15/14 US Bank NA Notes-4.95%, 10/30/14 Wachovia Bank-4.8%, 11/1/14 Wachovia Bank-5.25%, 8/1/14 Western Union Co-6.5%, 2/26/14 American Int'l Group-5.45%,5/18/17 100449 109110 American Int'l Group-5.6%,10/16/16 150387 161187 Bank of America-5.3%,3/15/17 507669 537085 Bank of America-5.75%,8/15/16 204515 212918 Bank of America-5.35%,9/15/15 60371 61601 Bank of America-5.42%,3/15/17 356039 375252 Bank of America-5.625%,10/14/16 101702 107089 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336390 Barclays Bank-5.14%,10/14/20 Barclays Bank-6.75%,5/22/19 213921 236330 Citigroup Inc-5.5%,2/15/17 102389 107498 Computer Science-6.5%,3/15/18 105950 111781 Credit Suisse FB USA-4.375%,8/5/20 303793 325209 Credit Suisse FB USA-5.3%,8/13/19 206746 224880 Credit Suisse FB USA-5.4%,1/14/20 265980 279572 Fifth Third Bank-4.5%,6/1/18 53147 57093 Ford Motor Credit-5%,5/15/18 201694 217310 GE Capital Corp-5.625%,5/1/18 104972 112523 Goldman Sachs Group-6.15%,4/1/18 317869 336726 Hartford Fin'l Services-6.3%,3/15/18 104784 113009 HSBC Finance Corp-5%,9/27/20 102526 109588 International Paper-9.375%,5/15/19 233226 255310 Jabil Circuit Inc-5.625%,12/15/20 201019 211880 Jefferies Group-5.125%,4/13/18 101707 105461 JP Morgan Chase-6.3%,4/23/19 108939 116158 Key Bank NA-4.625%,6/15/18 99632 104590 Lincoln National Corp-6.25%,2/15/20 107718 116030 Lloyds TSB Bank-4.875%.1/21/16 100225 104060 Lorillard Tobacco Settle-6.875%,5/1/20 216971 235576 Merrill Lynch-5.7%,5/2/17 204217 216202 Moody's 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319654 295500 Citigroup Inc-3.5%,5/15/23 177732 194698 Citigroup Inc-5.35%,5/15/23 514400 461250 Citigroup Inc-5.5%,9/13/25 1569081 1571230 Expedia Inc-5.95%,8/15/20 216560 223494 Ford Motor Credit-8.875%,1/15/22 128722 129938 Ford Motor Co Debenture-7.125%,11/15/25 543853 553000 GE Capital Corp-5.55%,3/15/23 58831 57406 Genworth Holdings Inc-4.9%,8/15/23 998682 805700 Goldman Sachs Group-5.25%,8/15/24 223132 219346 Goldman Sachs Group-5.95%,1/15/27 683399 686490 Hewlett Packard-4.375%,9/15/21 217047 220181 Indiana Bell Tel-7.3%,8/15/26 306153 322384 ING Bank NV-5.8%,9/25/23 540837 556550 International Game Tech-5.35%,10/15/23 372518 352516 JP Morgan Chase-6%,8/1/23 200663 197500 Leucadia National Corp-5.5%,10/18/23 508457 512060 Lowes Companies-6.5%,3/15/29 126139 133027 Merrill Lynch Co-6.22%,9/15/26 1158583 1213221 Morgan Stanley-4.1%,5/22/23 288458 303732 Oneck Inc-4.25%,2/1/22 893767 823725 Pacific Bell-7.125%,3/15/26 245367 254808 Petrobras Global-4.375%,5/20/23 599271 520350 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Partners LP-4.35%.10/15/24 100699 98009 Cadence Design-4.375%,10/15/24 102787 101604 Chesapeake Energy-5.75%,3/15/23 56019 51500 Citigroup Inc-6.3%,5/15/24 511056 492500 Citigroup Inc-4.3%,11/20/26 100907 99776 Constellation Brands-4.25%,5/1/23 404210 397000 Continental Resources-4.5%,4/15/23 100902 95115 Darden Restaurants-3.35%,11/1/22 148830 143508 Diamond Offshore-3.45%,11/1/23 96374 92809 DirectTV Holdings-4.45%,4/1/24 204360 209260 El Paso Pipeline-4.3%,5/1/24 101635 100194 Enbridge Inc-3.5%,6/10/24 241418 234838 Energizer Holdings-4.7%,5/24/22 146049 144994 Ensco PLC-4.5%,10/1/24 465390 438237 Flextronics International-5%,2/15/23 520877 510000 First Energy Corp-4.25%,3/15/23 301388 309543 Freeport McMoran-3.875%,3/15/23 296118 282852 General Motors-4.875%,10/2/23 157213 160500 General Motors-4%,4/1/25 100676 100250 Genworth Holdings Inc-4.8%,2/15/24 213232 162126 Glencore Financial Regs-4.125%,5/30/23 101220 101220 Goldcorp Inc-3.7%,3/15/23 171354 170611 Goldman Sachs 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Inc-6.5%,9/1/25 120778 116474 Murphy Oil Corp-4%,6/1/22 98227 91925 Nationsbank Corp-7.25%,10/15/25 242773 245306 Newmont Mining-3.5%,3/15/22 482460 469875 Noble Holding Int'l-3.95%,3/15/22 392432 344000 Nustar Logistics-4.75%,2/1/22 103275 92000 Old Republic Int'l-4.875%,10/1/24 211741 208774 Oneok Partners LP-5%,9/15/23 107737 104481 Pitney Bowes-4.625%,3/15/24 768544 767708 QVC-4.85%,4/1/24 212000 203656 Qwest Diagnostic-4.25%,4/1/24 254369 257650 Rabobank Nederland-4.625%,12/1/23 103889 105745 Rowan Companies-4.875%,6/1/22 104208 97308 Seagate HDD Cayman-4.75%,6/1/23 105841 103865 Seagate HDD Cayman-4.75%,1/1/25 259824 258053 Societe Generale-5%,1/17/24 52990 50412 Southwest Bank-6.565%,12/15/27 185532 186777 Steel Dynamics-5.25%,4/15/23 206879 203000 Stifel Financial-4.25%,7/18/24 253920 251483 Synchrony Financial-4.25%,8/15/15 204847 205226 Tech Resources-3.75%,2/1/23 197031 179258 Tesoro Corp-5.375%,10/1/22 259455 253125 Time Warner Enter-8.375%,3/15/23 117971 134589 Toll 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235016 307600 Dow Chemical Co Dupont EI De Nemours 292914 443640 Glaxo Smithkline PLC Johnson & Johnson 442129 637877 JP Mprgan Chase 456424 813540 Nextera Energy Inc 398156 744030 Blackrock Inc 308946 500584 Eli Lilly & Co 385308 620910 General Electric 529040 682290 Kimberly Clark Corp 401007 462160 Lockheed Martin Corp 394670 770280 Pfizer Inc 301200 373800 Procter & Gamble 378333 455450 Wells Fargo & Co 301308 493380 BB&T Corp-5.2%-Pfd F 127006 113550 BB&T Corp-5.625%-Pfd E 125000 120950 BB&T Corp-5.85%-Pfd-D 234588 225450 Charles Schwab-6%-Pfd B 108761 102400 First Republic Bank-6.7%-Pfd A 125000 131500 Goldman Sachs Group-5.95%-PFD I 383671 371100 JP Morgan Chase-5.5%-Pfd O 248669 240500 PNC Financial Services-5.375%-Pfd O 248620 239100 Public Storage-5.625%-Pfd U 200000 196240 Public Storage-5.75%-Pfd T 125000 123650 Suntrust Banks-5.875%-Pfd E 125000 120065 Wells Fargo Global Notes-5.125%-Pfd 244636 230400 Amazon.Com Ameren Corp 326616 461300 Apple Inc 308992 331140 Biogen Idec Inc Blackstone Group LP 241208 304470 Boeing Co 247331 259960 Caterpillar Inc Chevron Corp Clorox Co Costco Wholesale Corp CSX Corp 235364 253610 Cummins Inc Deere & Co 167932 176940 Exxon Mobil Corp Fedex Corp General Mills Gilead Science 281661 282780 Honeywell Int'l Inc 483305 519584 HSBC CI SPX 5.5% 3000000 2880000 HSBC Holdings PLC ADR IBM Corp Mastercard Inc-Cl A MetLife Inc Schlumberger Ltd Starbucks Corp Union Pacific Corp United Technologies Corp 223270 230000 Visa Inc-CL A Walgreen Co 215977 266700 Whole Foods Markets Inc BB&T Corp-5.2%-PFD G 125000 114800 Citigroup Inc-5.8%-PFD C 701500 668560 Citigroup Inc-6.875%-PFD K 125000 132900 Citigroup Inc-7.125%-PFD J 250000 271200 Gulf Power Co-5.6%-PFD A 100000 95139 JP Morgan Chase-5.45%-PFD P 325000 308100 Morgan Stanley-6.875%-PFD F 375000 399150 Morgan Stanley-7.125%-PFD E 375000 413250 Public Storage-5.2%-PFD W 125000 114750 Public Storage-5.2%-PFD X 125000 115585 SCE Trust II-5.1%-PFD G 125000 113700 US Bancorp-5.15%-PFD H 125000 117150 Wells Fargo-5.85%-PFD Q 324701 333450 Abbvie Inc 120073 130880 Amgen Corp 222455 238935 Anheuser Busch Inbev 284648 280800 Cisco Systems Inc 106799 125167 Comcast Corp-CL A 207139 232040 General Dynamics Corp 355813 412860 Home Depot 361443 409383 JPM Contingent Income SPX-4.6% 3000000 2832000 Marriott Int'l 402793 468180 Merck & Co 284102 283950 Microsoft Corp 305053 325150 Novartis AG 333029 324310 Sherwin Williams Company 333667 394560 Walt Disney Co 265426 282570 Allstate NV-6.375%-Pfd AEH 125000 131650 Bank of America-6.625%-Pfd BAC.W 125401 127835 Citigroup Inc-6.875%-Pfd L 125000 131145 Commerce Bancshares-6.2%-Pfd B 125000 127050 JP Morgan Chase-6.3%-Pfd W 125000 127800 JP Morgan Chase-6.7%-Pfd T 125000 132100 JP Morgan Chase-6.375%-Pfd I 250000 253100 Morgan Stanley-6.625%-Pfd G 125000 127535 Northern Trust-5.85%-Pfd C 125000 125200 State Street Corp-6%-Pfd E 125000 126200 Wells Fargo & Co-6%-Pfd T 125000 126900 Wells Fargo RL Estate-6.375%-Pfd A 50000 50700 247995 256427 Morgan Stanley Cap Tr-6.45% AT COST 563628 629830 Corts GS Cap I-6% AT COST 114687 127400 Goldman Sachs-6.125%,11/1/60 AT COST 372813 387900 Brookfield Global Inc AT COST DTE Energy Ser-6.5%,12/1/61 AT COST 250000 260700 KKR Fin'l Holdings-8.375%,11/15/41 AT COST 250000 277600 Allianceber Equity Inc A AT COST 250000 275630 JP Morgan Equity Inc A AT COST 250000 333491 Affiliated Managers-5.25%,10/15/22 AT COST 125000 128500 AFLAC Inc-5.5%,9/15/52 AT COST 125000 122800 Comcast Corp-5%,12/15/61 AT COST 125000 126700 Entergy Arkansas-4.9%,12/1/52 AT COST 238471 233200 GE Capital Corp-4.875%,10/15/52 AT COST 150000 148560 Nextera-5.125%,11/15/72 AT COST 251600 227400 Stanley Blacker Ser I-5.7%,7/25/52 AT COST 125000 126300 First Trust MLP & Energy AT COST DWS RREEF GLB Infrastructure-C AT COST Duke Energy Corp-5.125%,1/15/73 AT COST 125000 124450 Entergy Arkansas-4.75%,6/1/63 AT COST 125000 111700 Entergy Louisiana LLC-4.7%,6/1/63 AT COST 125000 110220 GE Capital Corp-4.7%,5/16/53 AT COST 125000 118150 GE Capital Corp-4.875%,1/29/53 AT COST 125000 124050 Nextera Energy Cap-5%,1/15/73 AT COST 100000 89320 Nuveen Conn-2.65%,3/1/15 AT COST Nuveen Mass-2.65%,3/1/15 AT COST Prudential Fin'l-5.7%,3/15/53 AT COST 125000 124900 Qwest Corp-6.125%,6/1/53 AT COST 178506 168700 WR Berkley Corp-5.625%,4/30/53 AT COST 257659 237600 Zions Bancorp-6.95%,9/15/28 AT COST 253506 273900 SPDR S&P Dividend AT COST 304773 354600 Vanguard European MSCI ETF AT COST Deutsche GLB Infrastructure-C AT COST 423083 494105 Qwest Corp-6.875%,10/1/54 AT COST 125000 128200 Stifel Fin'l-5.375%,12/31/22 AT COST 77571 77100 Verizon Communications-5.9%,2/15/54 AT COST 125000 130900 Health Care Set Sect SPDR AT COST 238369 273520 Ishares Nasdaq BioTech ETF AT COST 102725 121340 Ishares Select Div ETF AT COST 366974 397000 SPDR Trust Ser 1 AT COST 464870 513850 Unit AAM Balanced 2012-2 AT COST Unit AAM Inflation Inc Strategy AT COST Unit AAM Preferred Inc Opp'y 2 Yr AT COST Unit AAM Hartford Global Div Strat AT COST Unit Guggenheim MLP 2 AT COST 194183 181548 Unit AAM Balanced 2014-1 AT COST 114255 106218 Unit AAM Hartford Global Div #14 AT COST 216320 218725 Unit AAM Inflation Inc 14-1 AT COST 100949 97253 McDermott Will & Amery 5105 0 0 5105 Filing Fees 1500 1500 Public Notice 140 140 Service Charges 415 415 Unrelated Business Tax Payable 13983 50477 Rounding 1 Kandel & Company-Management 55000 49500 0 5500 Barbara Brunckhorst 2700 N Ocean Drive Riviera Beach FL 33404 Lillian Edith Brunckhorst 2002 Tr 6800 Jericho Tpke-Ste 206E Syosset NY 11791 Barbara Brunckhorst 2010 Trust 2700 N Ocean Drive Riviera Beach FL 33404 Excise Tax -'14 102522 Unrelated Business Tax-'14 436277