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
ABBVIE INC COM 00287Y109 840 13,418 SH   SOLE 13,418 0 0
ADIENT PLC ORD SHS G0084W101 1,412 24,093 SH   SOLE 24,093 0 0
ALPHABET INC CAP STK CL C 02079K107 951 1,232 SH   SOLE 1,232 0 0
ALPHABET INC CAP STK CL A 02079K305 1,304 1,646 SH   SOLE 1,646 0 0
AMAZON COM INC COM 023135106 2,913 3,885 SH   SOLE 3,885 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364w105 2,464 196,000 SH   OTR 2 0 196,000 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364w105 608 48,374 SH   SOLE 48,374 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 748 16,018 SH   SOLE 16,018 0 0
AMERICAN EXPRESS CO COM 025816109 8,123 109,647 SH   SOLE 109,647 0 0
AMERICAN EXPRESS CO COM 025816109 848 11,450 SH   OTR 2 0 11,450 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 614 5,821 SH   SOLE 5,821 0 0
APPLE INC COM 037833100 12,176 105,125 SH   SOLE 105,125 0 0
APPLE INC COM 037833100 2,757 23,800 SH   OTR 2 0 23,800 0
AT&T INC COM 00206R102 1,193 28,054 SH   SOLE 28,054 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 1,200 177,326 SH   OTR 2 0 177,326 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 12,267 1,811,893 SH   SOLE 1,811,893 0 0
BANCO SANTANDER SA ADR 05964H105 194 37,425 SH   OTR 2 0 37,425 0
BANCO SANTANDER SA ADR 05964H105 6,523 1,259,177 SH   SOLE 1,259,177 0 0
BANK AMER CORP COM 060505104 21,141 956,627 SH   SOLE 956,627 0 0
BANK AMER CORP COM 060505104 15,488 700,800 SH   OTR 2 0 700,800 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 2,488 15,268 SH   SOLE 15,268 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,125 6,900 SH   OTR 2 0 6,900 0
BHP BILLITON LTD SPONSORED ADR 088606108 707 19,750 SH   SOLE 19,750 0 0
CANADIAN SOLAR INC COM 136635109 396 32,480 SH   SOLE 32,480 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 18,189 2,265,164 SH   OTR 2 0 2,265,164 0
CEMEX SAB DE CV SPON ADR NEW 151290889 41,494 5,167,342 SH   SOLE 5,167,342 0 0
CHEVRON CORP NEW COM 166764100 826 7,015 SH   SOLE 7,015 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941m109 421 8,025 SH   SOLE 8,025 0 0
CITIGROUP INC COM NEW 172967424 3,446 57,983 SH   SOLE 57,983 0 0
CITIGROUP INC COM NEW 172967424 1,926 32,400 SH   OTR 2 0 32,400 0
COCA COLA CO COM 191216100 2,396 57,801 SH   SOLE 57,801 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 961 15,130 SH   SOLE 15,130 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 308 95,400 SH   SOLE 95,400 0 0
CONOCOPHILLIPS COM 20825C104 585 11,665 SH   SOLE 11,665 0 0
CORNING INC COM 219350105 243 10,000 SH   SOLE 10,000 0 0
CVS HEALTH CORP COM 126650100 1,460 18,500 SH   OTR 2 0 18,500 0
CVS HEALTH CORP COM 126650100 3,867 49,000 SH   SOLE 49,000 0 0
DEERE & CO COM 244199105 433 4,200 SH   SOLE 4,200 0 0
DIAGEO P L C SPON ADR NEW 25243q205 658 6,330 SH   SOLE 6,330 0 0
DIREXION SHS ETF TR DRX S&P500BULL 25459W862 4,515 41,900 SH   SOLE 41,900 0 0
DIREXION SHS ETF TR DLY FIN BULL NEW 25459Y694 2,176 53,200 SH   SOLE 53,200 0 0
DISNEY WALT CO COM DISNEY 254687106 768 7,365 SH   SOLE 7,365 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 1,155 15,731 SH   SOLE 15,731 0 0
ERICSSON ADR B SEK 10 294821608 223 38,200 SH   SOLE 38,200 0 0
EXXON MOBIL CORP COM 30231g102 974 10,792 SH   SOLE 10,792 0 0
FEDEX CORP COM 31428X106 1,238 6,650 SH   OTR 2 0 6,650 0
FEDEX CORP COM 31428X106 726 3,900 SH   SOLE 3,900 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 11,188 146,800 SH   OTR 2 0 146,800 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 899 11,800 SH   SOLE 11,800 0 0
GENERAL ELECTRIC CO COM 369604103 4,342 137,400 SH   OTR 2 0 137,400 0
GENERAL ELECTRIC CO COM 369604103 18,346 580,554 SH   SOLE 580,554 0 0
GENERAL MTRS CO COM 37045v100 8,232 236,277 SH   SOLE 236,277 0 0
GENERAL MTRS CO COM 37045v100 1,273 36,550 SH   OTR 2 0 36,550 0
GERDAU S A SPON ADR REP PFD 373737105 496 157,900 SH   SOLE 157,900 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 204 5,296 SH   SOLE 5,296 0 0
GRAN TIERRA ENERGY INC COM 38500T101 864 286,000 SH   SOLE 286,000 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049j206 2,404 115,065 SH   SOLE 115,065 0 0
HONDA MOTOR LTD AMERN SHS 438128308 281 9,620 SH   SOLE 9,620 0 0
HSBC HLDGS PLC ADR A 1/40PF A 404280604 594 23,555 SH   SOLE 23,555 0 0
INTEL CORP COM 458140100 3,787 104,400 SH   SOLE 104,400 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 503 3,030 SH   SOLE 3,030 0 0
ISHARES MSCI BRZ CAP ETF 464286400 477 14,300 SH   SOLE 14,300 0 0
ISHARES MSCI SPAN CP ETF 464286764 416 15,700 SH   SOLE 15,700 0 0
ISHARES MSCI STH KOR ETF 464286772 747 14,043 SH   SOLE 14,043 0 0
ISHARES MSCI GERMANY ETF 464286806 530 20,000 SH   OTR 2 0 20,000 0
ISHARES MSCI GERMANY ETF 464286806 2,358 89,049 SH   SOLE 89,049 0 0
ISHARES MSCI HONG KG ETF 464286871 648 33,290 SH   SOLE 33,290 0 0
ISHARES INC CORE MSCI EMKT 46434G103 658 15,500 SH   SOLE 15,500 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 566 37,437 SH   SOLE 37,437 0 0
ISHARES TR S&P 100 ETF 464287101 2,996 30,175 SH   SOLE 30,175 0 0
ISHARES TR CORE S&P500 ETF 464287200 1,593 7,081 SH   SOLE 7,081 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 1,051 30,027 SH   SOLE 30,027 0 0
ISHARES TR NA NAT RES 464287374 792 22,042 SH   SOLE 22,042 0 0
ISHARES TR LATN AMER 40 ETF 464287390 205 7,451 SH   SOLE 7,451 0 0
ISHARES TR MSCI EAFE ETF 464287465 2,265 39,233 SH   SOLE 39,233 0 0
ISHARES TR RUS MDCP VAL ETF 464287473 1,300 16,162 SH   SOLE 16,162 0 0
ISHARES TR CORE S&P MCP ETF 464287507 1,772 10,720 SH   SOLE 10,720 0 0
ISHARES TR GLOBAL 100 ETF 464287572 1,158 15,100 SH   SOLE 15,100 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 3,051 27,235 SH   SOLE 27,235 0 0
ISHARES TR CORE S&P SCP ETF 464287804 1,560 11,346 SH   SOLE 11,346 0 0
ISHARES TR EUROPE ETF 464287861 1,260 32,460 SH   SOLE 32,460 0 0
ISHARES TR SP SMCP600VL ETF 464287879 1,570 11,213 SH   SOLE 11,213 0 0
ISHARES TR MSCI AC ASIA ETF 464288182 294 5,345 SH   SOLE 5,345 0 0
ISHARES TR EAFE SML CP ETF 464288273 1,068 21,419 SH   SOLE 21,419 0 0
ISHARES TR EAFE VALUE ETF 464288877 1,312 27,776 SH   SOLE 27,776 0 0
ISHARES TR CORE HIGH DV ETF 46429B663 2,056 25,000 SH   OTR 2 0 25,000 0
JOHNSON & JOHNSON COM 478160104 1,993 17,300 SH   OTR 2 0 17,300 0
JOHNSON & JOHNSON COM 478160104 8,052 69,892 SH   SOLE 69,892 0 0
JPMORGAN CHASE & CO COM 46625H100 3,395 39,345 SH   SOLE 39,345 0 0
KINDER MORGAN INC DEL COM 49456b101 1,325 64,000 SH   SOLE 64,000 0 0
MARATHON OIL CORP COM 565849106 467 27,000 SH   SOLE 27,000 0 0
MERCK & CO INC COM 58933Y105 2,334 39,651 SH   SOLE 39,651 0 0
MICROSOFT CORP COM 594918104 4,726 76,047 SH   SOLE 76,047 0 0
NIKE INC CL B 654106103 1,686 33,160 SH   SOLE 33,160 0 0
NOVARTIS A G SPONSORED ADR 66987v109 493 6,765 SH   SOLE 6,765 0 0
PEPSICO INC COM 713448108 7,905 75,555 SH   SOLE 75,555 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654v408 549 54,300 SH   OTR 2 0 54,300 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654v408 1,656 163,800 SH   SOLE 163,800 0 0
PFIZER INC COM 717081103 1,714 52,757 SH   SOLE 52,757 0 0
PFIZER INC COM 717081103 1,018 31,350 SH   OTR 2 0 31,350 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 1,037 65,488 SH   SOLE 65,488 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 3,138 26,483 SH   SOLE 26,483 0 0
PROCTER AND GAMBLE CO COM 742718109 6,360 75,638 SH   SOLE 75,638 0 0
PROSHARES TR ULTRAPRO QQQ 74347X831 5,038 39,600 SH   SOLE 39,600 0 0
PROSHARES TR II ULTRASHRT EURO 74347W882 217 8,000 SH   SOLE 8,000 0 0
QUALCOMM INC COM 747525103 1,010 15,498 SH   SOLE 15,498 0 0
RIO TINTO PLC SPONSORED ADR 767204100 423 11,000 SH   SOLE 11,000 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 1,145 19,750 SH   SOLE 19,750 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 6,929 127,427 SH   SOLE 127,427 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 1,042 19,159 SH   OTR 2 0 19,159 0
ROYAL GOLD INC COM 780287108 269 4,250 SH   SOLE 4,250 0 0
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 1,859 21,460 SH   SOLE 21,460 0 0
SANOFI SPONSORED ADR 80105n105 2,406 59,500 SH   SOLE 59,500 0 0
SCHLUMBERGER LTD COM 806857108 255 3,037 SH   SOLE 3,037 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 2,637 32,397 SH   SOLE 32,397 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369y506 233 3,100 SH   OTR 2 0 3,100 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369y506 955 12,674 SH   SOLE 12,674 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,478 63,568 SH   SOLE 63,568 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369y860 432 14,040 SH   SOLE 14,040 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 13,077 66,208 SH   SOLE 66,208 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 2,299 20,977 SH   SOLE 20,977 0 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 2,289 68,400 SH   OTR 2 0 68,400 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 9,600 286,912 SH   SOLE 286,912 0 0
SPDR INDEX SHS FDS GLB NAT RESRCE 78463X541 206 5,012 SH   SOLE 5,012 0 0
SPDR INDEX SHS FDS S&P INTL SMLCP 78463x871 553 19,063 SH   SOLE 19,063 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 481 2,150 SH   OTR 2 0 2,150 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 14,784 66,138 SH   SOLE 66,138 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 524 1,738 SH   SOLE 1,738 0 0
TELEFONICA S A SPONSORED ADR 879382208 7,739 841,246 SH   SOLE 841,246 0 0
TELEFONICA S A SPONSORED ADR 879382208 147 15,981 SH   OTR 2 0 15,981 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 1,969 54,326 SH   SOLE 54,326 0 0
TIME INC NEW COM 887228104 189 10,600 SH   SOLE 10,600 0 0
TOTAL S A SPONSORED ADR 89151E109 6,568 128,867 SH   SOLE 128,867 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 1,963 16,750 SH   SOLE 16,750 0 0
UNILEVER N V N Y SHS NEW 904784709 4,816 117,280 SH   SOLE 117,280 0 0
UNILEVER PLC SPON ADR NEW 904767704 342 8,400 SH   SOLE 8,400 0 0
VALE S A ADR 91912E105 93 12,200 SH   OTR 2 0 12,200 0
VALE S A ADR 91912E105 904 118,615 SH   SOLE 118,615 0 0
VANGUARD ADMIRAL FDS INC 500 GRTH IDX F 921932505 8,149 74,600 SH   SOLE 74,600 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 6,354 30,950 SH   SOLE 30,950 0 0
VANGUARD INDEX FDS REIT ETF 922908553 2,937 35,593 SH   SOLE 35,593 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 1,485 12,273 SH   SOLE 12,273 0 0
VANGUARD INDEX FDS LARGE CAP ETF 922908637 1,986 19,400 SH   SOLE 19,400 0 0
VANGUARD INDEX FDS EXTEND MKT ETF 922908652 1,620 16,894 SH   SOLE 16,894 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 3,671 32,927 SH   SOLE 32,927 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 686 5,319 SH   SOLE 5,319 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 5,662 49,097 SH   SOLE 49,097 0 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 475 9,589 SH   SOLE 9,589 0 0
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 667 7,096 SH   SOLE 7,096 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 2,296 51,967 SH   SOLE 51,967 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 8,506 237,735 SH   SOLE 237,735 0 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 1,350 23,234 SH   SOLE 23,234 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 690 14,383 SH   SOLE 14,383 0 0
VANGUARD STAR FD VG TL INTL STK F 921909768 655 14,286 SH   SOLE 14,286 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 2,261 61,868 SH   SOLE 61,868 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 806 15,091 SH   SOLE 15,091 0 0
VODAFONE GROUP PLC NEW SPNSR ADR 92857w308 5,414 221,621 SH   SOLE 221,621 0 0
WAL-MART STORES INC COM 931142103 1,204 17,412 SH   SOLE 17,412 0 0
WASTE MGMT INC DEL COM 94106l109 773 10,900 SH   SOLE 10,900 0 0
WELLS FARGO & CO NEW COM 949746101 1,025 18,607 SH   SOLE 18,607 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 701 12,204 SH   SOLE 12,204 0 0