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
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
ALPS ETF TR ALERIAN MLP 00162Q866 5,438 305,706 SH   SOLE 305,706 0 0
AT&T INC COM 00206R102 244 6,960 SH   SOLE 6,960 0 0
BANK OF AMERICA CORPORATION COM 060505104 192 12,373 SH   SOLE 12,373 0 0
BAXANO SURGICAL INC COM 071773105 121 120,461 SH   SOLE 120,461 0 0
BOSTON SCIENTIFIC CORP COM 101137107 330 27,536 SH   SOLE 27,536 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 233 4,400 SH   SOLE 4,400 0 0
EXXON MOBIL CORP COM 30231G102 848 8,389 SH   SOLE 8,389 0 0
GENERAL ELECTRIC CO COM 369604103 1,084 38,703 SH   SOLE 38,703 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 344 1,837 SH   SOLE 1,837 0 0
ISHARES EMU ETF 464286608 6,628 160,180 SH   SOLE 160,180 0 0
ISHARES MSCI TURKEY ETF 464286715 270 5,675 SH   SOLE 5,675 0 0
ISHARES MSCI SPAN CP ETF 464286764 1,207 31,319 SH   SOLE 31,319 0 0
ISHARES SELECT DIVID ETF 464287168 1,538 21,559 SH   SOLE 21,559 0 0
ISHARES CORE S&P500 ETF 464287200 3,683 19,840 SH   SOLE 19,840 0 0
ISHARES MSCI EMG MKT ETF 464287234 422 10,115 SH   SOLE 10,115 0 0
ISHARES S&P 500 GRWT ETF 464287309 222 2,256 SH   SOLE 2,256 0 0
ISHARES S&P 500 VAL ETF 464287408 376 4,400 SH   SOLE 4,400 0 0
ISHARES MSCI EAFE ETF 464287465 1,138 16,975 SH   SOLE 16,975 0 0
ISHARES CORE S&P MCP ETF 464287507 14,061 105,087 SH   SOLE 105,087 0 0
ISHARES RUS 1000 VAL ETF 464287598 29,150 309,555 SH   SOLE 309,555 0 0
ISHARES RUS 1000 GRW ETF 464287614 29,931 348,244 SH   SOLE 348,244 0 0
ISHARES CORE S&P SCP ETF 464287804 7,719 70,732 SH   SOLE 70,732 0 0
ISHARES JP MOR EM MK ETF 464288281 8,720 80,627 SH   SOLE 80,627 0 0
ISHARES HIGH DIVIDND ETF 46429B663 5,697 81,101 SH   SOLE 81,101 0 0
ISHARES EAFE MIN VOL ETF 46429B689 6,959 112,978 SH   SOLE 112,978 0 0
ISHARES USA MIN VOL ETF 46429B697 27,611 777,796 SH   SOLE 777,796 0 0
ISHARES 0-5 YR TIPS ETF 46429B747 2,523 24,996 SH   SOLE 24,996 0 0
ISHARES INC CORE MSCI EMKT 46434G103 16,147 324,187 SH   SOLE 324,187 0 0
ISHARES TR CORE MSCI EAFE 46432F842 29,351 482,996 SH   SOLE 482,996 0 0
JOHNSON & JOHNSON COM 478160104 329 3,595 SH   SOLE 3,595 0 0
M & T BK CORP COM 55261F104 829 7,128 SH   SOLE 7,128 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 4,522 94,091 SH   SOLE 94,091 0 0
PIMCO ETF TR ENHAN SHRT MAT 72201R833 4,861 47,985 SH   SOLE 47,985 0 0
POWERSHARES ETF TR II S&P500 LOW VOL 73937B779 464 14,000 SH   SOLE 14,000 0 0
POWERSHARES ETF TRUST II DWA DEVMKTMOM PT 73936Q108 1,139 43,015 SH   SOLE 43,015 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 11,554 464,428 SH   SOLE 464,428 0 0
POWERSHARES GLOBAL ETF TRUST DEV MKTS EX-US 73936T789 6,237 141,858 SH   SOLE 141,858 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 8,618 97,980 SH   SOLE 97,980 0 0
PROCTER & GAMBLE CO COM 742718109 208 2,560 SH   SOLE 2,560 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 8,602 164,614 SH   SOLE 164,614 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 218 1,881 SH   SOLE 1,881 0 0
SPDR INDEX SHS FDS S&P EM MKT DIV 78463X533 1,403 35,925 SH   SOLE 35,925 0 0
SPDR INDEX SHS FDS S&P INTL ETF 78463X772 1,828 38,538 SH   SOLE 38,538 0 0
SPDR SERIES TRUST INTR TRM CORP BD 78464A375 2,003 59,625 SH   SOLE 59,625 0 0
SPDR SERIES TRUST NUVN BR SHT MUNI 78464A425 1,235 50,856 SH   SOLE 50,856 0 0
SPDR SERIES TRUST S&P DIVID ETF 78464A763 441 6,075 SH   SOLE 6,075 0 0
SYNERGETICS USA INC COM 87160G107 253 70,000 SH   SOLE 70,000 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 10,026 202,058 SH   SOLE 202,058 0 0
VANGUARD INDEX FDS REIT ETF 922908553 1,830 28,359 SH   SOLE 28,359 0 0
VANGUARD INDEX FDS MID CAP ETF 922908629 255 2,325 SH   SOLE 2,325 0 0
VANGUARD INTL EQUITY INDEX F MEGA CAP GRO ETF 922042866 7,282 118,808 SH   SOLE 118,808 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 20,692 275,024 SH   SOLE 275,024 0 0