-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001116679-03-001938.txt : 20030813
<SEC-HEADER>0001116679-03-001938.hdr.sgml : 20030813
<ACCEPTANCE-DATETIME>20030813160703
ACCESSION NUMBER:		0001116679-03-001938
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20030813
GROUP MEMBERS:		AULT GLAZER &CO. INVESTMENT MANAGEMENT LLC
GROUP MEMBERS:		MILTON C. AULT, III

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SECURITY NATIONAL FINANCIAL CORP
		CENTRAL INDEX KEY:			0000318673
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		IRS NUMBER:				870345941
		STATE OF INCORPORATION:			UT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-32905
		FILM NUMBER:		03841395

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 57220
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84157
		BUSINESS PHONE:		8012641060

	MAIL ADDRESS:	
		STREET 1:		PO BOX 57220
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84157

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SNL FINANCIAL CORP
		DATE OF NAME CHANGE:	19910401

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLAZER AULT & CO INVESTMENT MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001212504
		IRS NUMBER:				954696208
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		100 WILSHIRE BLVD
		STREET 2:		15TH FLOOR
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401
		BUSINESS PHONE:		3107521442

	MAIL ADDRESS:	
		STREET 1:		100 WILSHIRE BLVD
		STREET 2:		15TH FLOOR
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>ault13da.txt
<DESCRIPTION>AMENDMENT NO. 2
<TEXT>
<TABLE>
<S>                                                         <C>
                                                            -------------------------------
                                                                     OMB APPROVAL
                                                                     ------------
                                                             OMB Number:        3235-0145
                                  UNITED STATES              Expires:   December 31, 2005
                       SECURITIES AND EXCHANGE COMMISSION    Estimated average burden
                             Washington, D.C. 20549          Hours per response........11
                                                            -------------------------------


                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934
                               (Amendment No. 2)*


                     Security National Financial Corporation
________________________________________________________________________________
                                (Name of Issuer)


                              Class A Common Stock
________________________________________________________________________________
                           (Title of Class Securities)


                                    814785309
 _______________________________________________________________________________
                                 (CUSIP Number)


                        Lynne Silverstein (310) 752-1442
                Ault Glazer & Company Investment Management LLC,
             100 Wilshire Blvd, 15th Floor, Santa Monica, CA 90401
________________________________________________________________________________
           (Name, Address and Telephone Number of Person Authorized to
                       Receive Notices and Communications


                                  July 31, 2003
________________________________________________________________________________
             (Date of Event Which Requires Filing of this Statement)
</TABLE>

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. |_|

Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosure provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).





Potential persons who are to respond to the collection of information  contained
in this form are not  required  to respond  unless  the form  displays a current
valid OMB control number.


SEC 1746 (2-98)                Page 1 of 7 pages

<PAGE>



CUSIP No.  814785309

    1.  Name of Reporting Persons.
        I.R.S. Identification Nos. of above persons (entities only).

        Ault Glazer & Company Investment Management LLC

________________________________________________________________________________

    2.  Check the Appropriate Box if a Member of a Group (See Instructions)

        (a)  [_]................................................................
        (b)  [_]................................................................
________________________________________________________________________________

    3.  SEC Use Only............................................................
________________________________________________________________________________

    4.  Source of Funds (See Instructions) OO...................................
________________________________________________________________________________

    5.  Check if Disclosure of Legal Proceeding Is Required Pursuant to
        Items 2(d) or 2(e)......................................................
________________________________________________________________________________

    6.  Citizenship or Place of Organization   Delaware.........................
________________________________________________________________________________

                 7.  Sole Voting Power   424,147................................
                 _______________________________________________________________
Number of
Shares Bene-     8.  Shared Voting Power    0...................................
ficially Owned   _______________________________________________________________
by Each
Reporting        9.  Sole Dispositive Power   424,147 ..........................
Person With:     _______________________________________________________________

                 10. Shared Dispositive Power    ...............................
________________________________________________________________________________

    11. Aggregate Amount Beneficially Owned by Each Reporting Person   424,147..

    12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
        (See Instructions)     .................................................

    13. Percent of Class Represented by Amount in Row (11)   9.0%...............
________________________________________________________________________________

    14. Type of Reporting Person (See Instructions)
________________________________________________________________________________

   IA...........................................................................

         .......................................................................

         .......................................................................

         .......................................................................

         .......................................................................

         .......................................................................

         .......................................................................



                                Page 2 of 7 pages

<PAGE>



CUSIP No.  814785309

    1.  Name of Reporting Persons.
        I.R.S. Identification Nos. of above persons (entities only).

        Milton C. Ault, III

________________________________________________________________________________

    2.  Check the Appropriate Box if a Member of a Group (See Instructions)

        (a)  [_]................................................................
        (b)  [_]................................................................
________________________________________________________________________________

    3.  SEC Use Only............................................................
________________________________________________________________________________

    4.  Source of Funds (See Instructions) OO...................................
________________________________________________________________________________

    5.  Check if Disclosure of Legal Proceeding Is Required Pursuant to
        Items 2(d) or 2(e)......................................................
________________________________________________________________________________

    6.  Citizenship or Place of Organization   USA..............................
________________________________________________________________________________

                 7.  Sole Voting Power   424,147................................
                 _______________________________________________________________
Number of
Shares Bene-     8.  Shared Voting Power    0...................................
ficially Owned   _______________________________________________________________
by Each
Reporting        9.  Sole Dispositive Power   424,147 ..........................
Person With:     _______________________________________________________________

                 10. Shared Dispositive Power    0..............................
________________________________________________________________________________

    11. Aggregate Amount Beneficially Owned by Each Reporting Person   424,147..

    12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
        (See Instructions)     .................................................

    13. Percent of Class Represented by Amount in Row (11)   9.0%...............
________________________________________________________________________________

    14. Type of Reporting Person (See Instructions)
________________________________________________________________________________

   IN/HC........................................................................

         .......................................................................

         .......................................................................

         .......................................................................

         .......................................................................

         .......................................................................

         .......................................................................



                                Page 3 of 7 pages


<PAGE>
                                                                     Page 4 of 7



Item 1     Security and Issuer

           This statement relates to the Class A Common Stock, $2.00 par value
           ("Common Stock"), issued by Security National Financial Corporation,
           a Utah Corporation ("SNF"). The address of the principal executive
           offices of SNF is 5300 South 360West, Suite 250, Salt Lake City,
           Utah, 84123.


Item 2     Identity and Background

           Name: Ault Glazer & Company Investment Management LLC ("Adviser")
           Place of Organization: Delaware
           Principal Business: Investment Adviser
           Address: 100 Wilshire Blvd, 15th Floor, Santa Monica, CA 90401
           Criminal Proceedings: None
           Applicable Civil, Judicial or Administrative Proceedings: None

           Name: Milton C. Ault, III ("Ault")
           Address: 100 Wilshire Blvd, 15th Floor, Santa Monica, CA 90401
           Criminal Proceedings: None
           Applicable Civil, Judicial or Administrative Proceedings: None
           Citizenship: United States

           Ault is the controlling and managing member of Adviser. Adviser's
           beneficial ownership of the Common Stock is direct as a result of
           Adviser's discretionary authority to buy, sell and vote shares of
           such Common Stock for its investment advisory clients. Ault's
           beneficial ownership of the Common Stock is indirect as a result of
           Ault's control of Adviser.

Item 3     Source and amount of Funds or other Consideration

           The aggregate amount of funds used by Adviser to purchase 424,147
           shares of Common Stock was approximately $2,418,645. Such amount was
           derived from advisory client accounts.

Item 4     Purpose of Transaction

           The shares were originally purchased by the Reporting Persons for
           investment purposes.

           The Reporting Persons have concerns regarding the ability and
           willingness of current SNF management to maximize shareholder value.
           The Adviser has made recommendations to SNF management that
           management of SNF work with the Adviser to unlock what the Adviser
           believes to be the true shareholder value of SNF. The Adviser had
           previously requested it be allowed to appoint two members to the SNF
           board of directors. Management of SNF has denied that request.



<PAGE>
                                                                     Page 5 of 7



           The Adviser currently is in discussions regarding potential
           transactions and/or other ways in which the Adviser may be able to
           unlock SNF shareholder value. These discussion may result in
           additional actions by the Reporting Persons, including the
           acquisition or disposition of additional securities of SNF, and/or
           recommendations, or demands, to SNF management that management effect
           one or more of the following changes: an extraordinary corporate
           transaction (which could include the sale or spinoff of one or more
           of SNF's business lines); a sale or transfer of a material amount of
           assets of SNF; a material change in the present capitalization or
           dividend policy of SNF, and a class of equity securities of SNF
           becoming eligible for termination of registration pursuant to Section
           12(g)(4) of the Securities Exchange Act of 1934.

           Subject to availability at prices deemed favorable, the Reporting
           Persons may acquire additional shares of Common Stock of SNF from
           time to time in the open market, in privately negotiated transactions
           or otherwise. The Reporting Persons may dispose of shares of Common
           Stock of SNF from time to time in the open market, in privately
           negotiated transactions or otherwise.

           Although the foregoing represents the range of activities presently
           contemplated by the Reporting Persons with respect to SNF and the
           Common Stock, it should be noted that the possible activities of the
           Reporting Persons are subject to change at any time.

           Except as set forth above, the Reporting Persons has no present plans
           or intentions that relate to or that would result in any of the
           transactions described in clauses (a) through (j) of Item 4 of
           Schedule 13D.

Item 5     Interest in Securities of the Issuer

           (a) As of July 31, 2003, the Reporting Persons directly or indirectly
           beneficially owned 424,147 shares, or 9.0%, of Common Stock of SNF
           (the percentage of the shares of Common Stock owned is based on
           4,705,586 shares of Common Stock outstanding reported by SNF on March
           31, 2003).

               (1) Adviser owned 424,147 shares (9.0 %)

               (2) Ault owned 424,147 shares (9.0%)

           (b) The responses of the Reporting Persons to Items 7 through 11 of
           the portions of the cover page of this Schedule 13D which relate to
           beneficial ownership of shares of the Common Stock are incorporated
           herein by reference.

           (c) A list of transactions in the past 60 days.
<TABLE>
<CAPTION>
- -------------------------- ------------- ---------------- -------------- -----------------
          Party                Date       Amount Bought     Price per      Where & How
                                             (Sold)           Share          Effected
- -------------------------- ------------- ---------------- -------------- -----------------
<S>                         <C>               <C>             <C>          <C>
Adviser                     06/03/2003        (200)           5.81         Open market
- -------------------------- ------------- ---------------- -------------- -----------------
                            06/04/2003        (400)           5.91         Open market
- -------------------------- ------------- ---------------- -------------- -----------------
                            06/13/2003         300            6.06         Open market
- -------------------------- ------------- ---------------- -------------- -----------------
</TABLE>



<PAGE>
                                                                     Page 6 of 7



<TABLE>
<CAPTION>
- -------------------------- ------------- ---------------- -------------- -----------------
          Party                Date       Amount Bought     Price per      Where & How
                                             (Sold)           Share          Effected
- -------------------------- ------------- ---------------- -------------- -----------------
<S>                         <C>               <C>             <C>          <C>
                            06/17/2003        (500)           5.97         Open market
- -------------------------- ------------- ---------------- -------------- -----------------
                            06/18/2003         300            5.90         Open market
- -------------------------- ------------- ---------------- -------------- -----------------
                            06/30/2003        2,000           6.28         Open market
- -------------------------- ------------- ---------------- -------------- -----------------
                            06/30/2003        1,000           6.04         Open market
- -------------------------- ------------- ---------------- -------------- -----------------
                            07/01/2003         500            6.03         Open market
- -------------------------- ------------- ---------------- -------------- -----------------
                            07/21/2003         800            5.85         Open market
- -------------------------- ------------- ---------------- -------------- -----------------
                            07/22/2003         200            5.98         Open market
- -------------------------- ------------- ---------------- -------------- -----------------
                            07/28/2003        (500)           5.52         Open market
- -------------------------- ------------- ---------------- -------------- -----------------
                            07/29/2003        (100)           5.47         Open market
- -------------------------- ------------- ---------------- -------------- -----------------
                            07/30/2003         550            5.64         Open market
- -------------------------- ------------- ---------------- -------------- -----------------
                            07/30/2003        (150)           5.54         Open market
- -------------------------- ------------- ---------------- -------------- -----------------
                            07/31/2003        4,500           6.01         Open market
- -------------------------- ------------- ---------------- -------------- -----------------
</TABLE>


           (d) Not Applicable

           (e) Not Applicable

Item 6     Contracts, Arrangements, Understandings or Relationships with
           Respect to Securities of the Issuer

           Ault controls and manages the Adviser who makes voting and
           dispositive decisions for its investment advisory clients.

Item 7     Material to Be Filed as Exhibits

           Exhibit A: Joint Filing Agreement Pursuant to Rule 13d-1




After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.


Date:  August 12, 2003
                                    Ault Glazer & Company Investment
                                    Management LLC

                                       /s/ Milton C. Ault
                                    --------------------------------------------
                                    Milton C. Ault, III, Managing Member


                                    Milton C. Ault, III

                                      /s/ Milton C. Ault
                                    --------------------------------------------



<PAGE>
                                                                     Page 7 of 7



                                    EXHIBIT A
                                    ---------

                  Joint Filing Agreement Pursuant to Rule 13d-1
                  ---------------------------------------------


This agreement is made pursuant to Rule 13d-1(k)(1) under the Securities and
Exchange Act of 1934 (the "Act") by and among the parties listed below, each
referred to herein as a "Joint Filer." The Joint Filers agree that a statement
of beneficial ownership as required by Sections 13(g) or 13(d) of the Act and
the Rules thereunder may be filed on each of their behalf on Schedule 13G or
Schedule 13D, as appropriate, and that said joint filing may thereafter be
amended by further joint filings. The Joint Filers state that they each satisfy
the requirements for making a joint filing under Rule 13d-1.

Dated:  August 12, 2003

                                    Ault Glazer & Company Investment
                                    Management LLC

                                      /s/ Milton C. Ault
                                    --------------------------------------------
                                    Milton C. Ault, III, Managing Member


                                    Milton C. Ault, III

                                      /s/ Milton C. Ault
                                    --------------------------------------------



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
