Instuitional Investor - Beacon Investment Advisory Services, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		527,476	$197,402,575	7.42%
2.	Ishares Trust	IEF	1,197,769	$162,944,501	6.13%
3.	Microsoft Corp	MSFT	172,451	$88,450,231	3.33%
4.	Ishares Trust	IAU	1,050,633	$82,054,438	3.09%
5.	Vanguard Tax-Managed Fds		1,150,144	$81,211,686	3.05%