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
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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
ANAREN INC COM 032744104 296 11,600 SH   OTR   11,600 0 0
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 1,582 42,455 SH   SOLE   42,455 0 0
BIODELIVERY SCIENCES INTL IN COM 09060J106 92 17,000 SH   OTR   17,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 211 3,422 SH   OTR   3,422 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 5,303 511,406 SH   OTR   2,577 0 508,829
GENERAL ELECTRIC CO COM 369604103 326 13,643 SH   OTR   13,643 0 0
ISHARES TIPS BD ETF 464287176 5,363 47,634 SH   SOLE   45,294 0 2,340
ISHARES CORE S&P500 ETF 464287200 164,137 971,797 SH   SOLE   917,237 0 54,560
ISHARES CORE TOTUSBD ETF 464287226 1,189 11,089 SH   SOLE   11,089 0 0
ISHARES MSCI EMG MKT ETF 464287234 610 14,964 SH   SOLE   14,964 0 0
ISHARES IBOXX INV CP ETF 464287242 654 5,760 SH   SOLE   5,760 0 0
ISHARES S&P 500 GRWT ETF 464287309 2,506 28,040 SH   SOLE   27,415 0 625
ISHARES S&P 500 VAL ETF 464287408 12,070 154,106 SH   SOLE   151,356 0 2,750
ISHARES 7-10 Y TR BD ETF 464287440 819 8,025 SH   SOLE   8,025 0 0
ISHARES 1-3 YR TR BD ETF 464287457 1,225 14,500 SH   SOLE   14,500 0 0
ISHARES MSCI EAFE ETF 464287465 73,004 1,144,252 SH   SOLE   1,110,847 0 33,405
ISHARES CORE S&P MCP ETF 464287507 105,494 849,797 SH   SOLE   830,517 0 19,280
ISHARES S&P MC 400GR ETF 464287606 3,700 26,596 SH   SOLE   26,596 0 0
ISHARES RUS 1000 GRW ETF 464287614 1,506 19,255 SH   SOLE   19,255 0 0
ISHARES S&P MC 400VL ETF 464287705 3,472 32,146 SH   SOLE   32,146 0 0
ISHARES CORE S&P SCP ETF 464287804 89,284 894,625 SH   SOLE   876,625 0 18,000
ISHARES SP SMCP600VL ETF 464287879 3,299 32,272 SH   SOLE   31,697 0 575
ISHARES SP SMCP600GR ETF 464287887 3,384 31,233 SH   SOLE   30,638 0 595
ISHARES AGENCY BOND ETF 464288166 1,771 15,925 SH   SOLE   15,925 0 0
ISHARES NY AMTFRE MU ETF 464288323 2,091 20,155 SH   SOLE   15,630 0 4,525
ISHARES NAT AMT FREE BD 464288414 301 2,885 SH   SOLE   2,885 0 0
ISHARES MBS ETF 464288588 1,549 14,620 SH   SOLE   14,620 0 0
ISHARES 1-3 YR CR BD ETF 464288646 1,894 17,992 SH   SOLE   17,992 0 0
ISHARES 3-7 YR TR BD ETF 464288661 4,193 34,560 SH   SOLE   34,560 0 0
ISHARES MICRO-CAP ETF 464288869 6,549 95,615 SH   SOLE   92,340 0 3,275
ISHARES EAFE VALUE ETF 464288877 2,597 47,731 SH   SOLE   46,431 0 1,300
ISHARES GOLD TRUST ISHARES 464285105 1,862 144,475 SH   SOLE   144,475 0 0
JOHNSON & JOHNSON COM 478160104 897 10,342 SH   OTR   10,342 0 0
JPMORGAN CHASE & CO COM 46625H100 751 14,521 SH   OTR   14,521 0 0
KIMBERLY CLARK CORP COM 494368103 357 3,785 SH   OTR   3,785 0 0
MICROSOFT CORP COM 594918104 236 7,090 SH   OTR   7,090 0 0
PAYCHEX INC COM 704326107 3,656 89,967 SH   OTR   89,967 0 0
PEPSICO INC COM 713448108 241 3,034 SH   OTR   3,034 0 0
PIMCO ETF TR 1-5 US TIP IDX 72201R205 1,020 19,226 SH   SOLE   19,226 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 11,382 441,866 SH   SOLE   428,791 0 13,075
POWERSHARES DB G10 CURCY HAR COM UT BEN INT 73935Y102 3,207 125,500 SH   SOLE   125,500 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 4,540 183,950 SH   SOLE   180,600 0 3,350
PRAXAIR INC COM 74005P104 214 1,780 SH   OTR   1,780 0 0
RF MICRODEVICES INC COM 749941100 58 10,300 SH   OTR   10,300 0 0
RYDEX ETF TRUST GUG S&P500 PU VA 78355W304 1,184 27,055 SH   SOLE   27,055 0 0
SCHLUMBERGER LTD COM 806857108 259 2,931 SH   OTR   2,931 0 0
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 865 21,504 SH   SOLE   21,504 0 0
SCHWAB STRATEGIC TR US LCAP VA ETF 808524409 315 8,442 SH   SOLE   8,442 0 0
SCHWAB STRATEGIC TR US MID-CAP ETF 808524508 456 13,168 SH   SOLE   13,168 0 0
SCHWAB STRATEGIC TR US SML CAP ETF 808524607 427 8,853 SH   SOLE   8,853 0 0
SCHWAB STRATEGIC TR EMRG MKTEQ ETF 808524706 631 25,673 SH   SOLE   25,673 0 0
SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 2,342 77,080 SH   SOLE   77,080 0 0
SCHWAB STRATEGIC TR US AGGREGATE B 808524839 2,174 42,778 SH   SOLE   42,778 0 0
SCHWAB STRATEGIC TR US REIT ETF 808524847 481 15,555 SH   SOLE   15,555 0 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870 358 6,617 SH   SOLE   6,617 0 0
SCHWAB STRATEGIC TR INTL SCEQT ETF 808524888 327 10,595 SH   SOLE   10,595 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 38,066 252,092 SH   SOLE   244,642 0 7,450
SPDR GOLD TRUST GOLD SHS 78463V107 1,821 14,210 SH   SOLE   14,210 0 0
SPDR INDEX SHS FDS GLB NAT RESRCE 78463X541 1,667 34,400 SH   SOLE   34,400 0 0
SPDR INDEX SHS FDS S&P EMKTSC ETF 78463X756 3,260 71,675 SH   SOLE   69,075 0 2,600
SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 22,893 543,393 SH   SOLE   531,693 0 11,700
SPDR INDEX SHS FDS S&P INTL SMLCP 78463X871 3,568 109,135 SH   SOLE   104,760 0 4,375
SPDR S&P 500 ETF TR TR UNIT 78462F103 93,743 557,961 SH   SOLE   549,536 0 8,425
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 690 3,050 SH   SOLE   3,050 0 0
SPDR SERIES TRUST DJ REIT ETF 78464A607 40,199 551,199 SH   SOLE   538,549 0 12,650
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 2,386 29,685 SH   SOLE   29,685 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 37,283 460,961 SH   SOLE   442,656 0 18,305
VANGUARD INDEX FDS REIT ETF 922908553 4,979 75,286 SH   SOLE   74,611 0 675
VANGUARD INDEX FDS MID CAP ETF 922908629 1,855 18,105 SH   SOLE   16,630 0 1,475
VANGUARD INDEX FDS LARGE CAP ETF 922908637 5,283 68,310 SH   SOLE   60,435 0 7,875
VANGUARD INDEX FDS SMALL CP ETF 922908751 897 8,755 SH   SOLE   6,480 0 2,275
VANGUARD INDEX FDS TOTAL STK MKT 922908769 305 3,485 SH   SOLE   3,485 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 278 5,716 SH   SOLE   5,716 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 5,536 137,930 SH   SOLE   132,630 0 5,300
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 40,425 817,908 SH   SOLE   799,558 0 18,350
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 8,765 221,455 SH   SOLE   219,330 0 2,125