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
SPX CORP COM COM 784635104 3,325 42,892 SH   SOLE   42,892 0 0
SPDR SERIES TRUST LEHMAN YLD E COM 78464A417 268,362 6,816,403 SH   SOLE   6,816,403 0 0
POWERSHARES ETF TRUST DWA TECH COM 73935X153 7,820 286,463 SH   SOLE   286,463 0 0
DBX ETF TR EAFE CURR HDG COM 233051200 22,328 910,266 SH   SOLE   910,266 0 0
ISHARES TR JPMORGAN USD COM 464288281 83,857 744,007 SH   SOLE   744,007 0 0
ANIXTER INTL INC COM COM 035290105 7,066 97,441 SH   SOLE   97,441 0 0
SYNOPSYS INC COM COM 871607107 4,789 156,204 SH   SOLE   156,204 0 0
BCE INC COM NEW COM 05534B760 29,157 727,858 SH   SOLE   727,858 0 0
PENN NATL GAMING INC COM 707569109 5,661 131,719 SH   SOLE   131,719 0 0
ENERSYS COM COM 29275Y102 2,795 80,687 SH   SOLE   80,687 0 0
SELECT SECTOR SPDR TR SBI HEAL COM 81369Y209 47,806 1,271,106 SH   SOLE   1,271,106 0 0
CHEVRON CORP NEW COM 166764100 47,703 444,954 SH   SOLE   444,954 0 0
MICROSOFT COM 594918104 42,584 1,320,230 SH   SOLE   1,320,230 0 0
VANGUARD TAX-MANAGED FD EUROPE COM 921943858 24,371 716,171 SH   SOLE   716,171 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 3,450 48,748 SH   SOLE   48,748 0 0
ISHARES TR RSSL MCRCP IDX COM 464288869 10,916 212,393 SH   SOLE   212,393 0 0
MOODYS CORP COM COM 615369105 26,372 626,427 SH   SOLE   626,427 0 0
ISHARES TR DJ US ENERGY COM 464287796 26,310 633,681 SH   SOLE   633,681 0 0
POWERSHARES ETF TRUST INTL DIV COM 73935X716 47,601 3,099,051 SH   SOLE   3,099,051 0 0
WISDOMTREE TRUST LARGECAP DIVI ETF - EQUITY 97717W307 36,484 688,889 SH   SOLE   688,889 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 22,767 595,548 SH   SOLE   595,548 0 0
SCHEIN HENRY INC COM 806407102 333 4,397 SH   SOLE   4,397 0 0
VERISIGN INC COM COM 92343E102 6,291 164,047 SH   SOLE   164,047 0 0
HCC INS HLDGS INC COM 404132102 6,044 193,915 SH   SOLE   193,915 0 0
NORDSTROM INC COM COM 655664100 15,311 274,800 SH   SOLE   274,800 0 0
HOLOGIC INC COM 436440101 6,614 306,952 SH   SOLE   306,952 0 0
ISHARES INC MSCI PAC J IDX COM 464286665 64,412 1,480,080 SH   SOLE   1,480,080 0 0
BMC SOFTWARE INC COM COM 055921100 4,767 118,716 SH   SOLE   118,716 0 0
VANGUARD SCOTTSDALE FDS SHRT-T COM 92206C409 61,950 783,783 SH   SOLE   783,783 0 0
GENERAL ELEC CO COM 369604103 26,862 1,338,481 SH   SOLE   1,338,481 0 0
FAMILY DLR STORES INC COM COM 307000109 4,526 71,536 SH   SOLE   71,536 0 0
VANGUARD WORLD FDS CONSUM STP COM 92204A207 33,884 392,730 SH   SOLE   392,730 0 0
ISHARES TR S&P LTN AM 40 COM 464287390 7,973 167,402 SH   SOLE   167,402 0 0
CATERPILLAR INC COM COM 149123101 5,299 49,755 SH   SOLE   49,755 0 0
POWERSHARES ETF TR II S&P500 L COM 73937B779 6,580 245,510 SH   SOLE   245,510 0 0
MICROCHIP TECHNOLOGY INC COM COM 595017104 4,947 133,015 SH   SOLE   133,015 0 0
CRACKER BARREL OLD CTRY STORCO COM 22410J106 4,173 74,792 SH   SOLE   74,792 0 0
ISHARES TR S&P SMLCAP 600 COM 464287804 55,122 722,354 SH   SOLE   722,354 0 0
SPDR SERIES TRUST DJ WLSH REIT COM 78464A607 115,114 1,625,224 SH   SOLE   1,625,224 0 0
VANGUARD INTL EQUITY INDEX FEM COM 922042858 117,502 2,703,066 SH   SOLE   2,703,066 0 0
JPMORGAN CHASE & CO ALERIAN ML COM 46625H365 48,217 1,231,914 SH   SOLE   1,231,914 0 0
ISHARES TR DJ US FINL SVC COM 464287770 13,430 234,707 SH   SOLE   234,707 0 0
SPDR GOLD TRUST GOLD SHS COM 78463V107 46,294 285,557 SH   SOLE   285,557 0 0
WEINGARTEN RLTY INVS SH BEN IN COM 948741103 3,412 129,112 SH   SOLE   129,112 0 0
PNC FINANCIAL CORP COM 693475105 39,671 615,161 SH   SOLE   615,161 0 0
MERCK & COMPANY COM 58933Y105 23,950 623,724 SH   SOLE   623,724 0 0
VANGUARD INDEX FDS STK MRK ETF COM 922908769 880 12,174 SH   SOLE   12,174 0 0
APPLE COMPUTER INC COM 037833100 35,164 58,651 SH   SOLE   58,651 0 0
INVESCO LTD SHS COM G491BT108 6,930 259,867 SH   SOLE   259,867 0 0
SELECT SECTOR SPDR TR SBI INT- COM 81369Y886 34,012 970,522 SH   SOLE   970,522 0 0
VANGUARD SPECIALIZED PORTFOLDI ETF - EQUITY 921908844 190,578 3,254,969 SH   SOLE   3,254,969 0 0
POWERSHARES ETF TR II S&P SMCP ETF - EQUITY 73937B803 314 10,470 SH   SOLE   10,470 0 0
HASBRO INC COM COM 418056107 5,252 143,033 SH   SOLE   143,033 0 0
ISHARES TR MSCI ACWI EX COM 464288240 17,954 439,733 SH   SOLE   439,733 0 0
SPDR SERIES TRUST KBW REGN BK COM 78464A698 236 8,278 SH   SOLE   8,278 0 0
PFIZER INC COM 717081103 40,676 1,796,255 SH   SOLE   1,796,255 0 0
POWERSHARES GLOBAL ETF TRUSTHI COM 73936T557 109,249 5,867,271 SH   SOLE   5,867,271 0 0
EXXON MOBIL CORP COM 30231G102 5,996 69,140 SH   SOLE   69,140 0 0
BIOMED RLTY TR INC COM COM 09063H107 255 13,422 SH   SOLE   13,422 0 0
SELECT SECTOR SPDR TR SBI CONS COM 81369Y407 11,951 265,063 SH   SOLE   265,063 0 0
OIL STATES INTL INC COM COM 678026105 3,832 49,104 SH   SOLE   49,104 0 0
CUMMINS ENGINE INC COM COM 231021106 27,372 228,033 SH   SOLE   228,033 0 0
ISHARES TR S&P MIDCAP 400 COM 464287507 10,789 108,734 SH   SOLE   108,734 0 0
BALL CORP COM 058498106 9,402 219,257 SH   SOLE   219,257 0 0
ISHARES TR HIGH YLD CORP COM 464288513 50,401 555,578 SH   SOLE   555,578 0 0
ISHARES INC MSCI CDA INDEX COM 464286509 4,468 157,695 SH   SOLE   157,695 0 0
ISHARES TR LEHMAN AGG BND COM 464287226 558 5,082 SH   SOLE   5,082 0 0
QUALCOMM INC COM COM 747525103 41,129 604,311 SH   SOLE   604,311 0 0
SPDR S&P MIDCAP 400 ETF TR UTS COM 78467Y107 3,472 19,212 SH   SOLE   19,212 0 0
ISHARES INC MSCI UTD KINGD COM 464286699 58,515 3,382,440 SH   SOLE   3,382,440 0 0
SNAP ON INC COM COM 833034101 4,727 77,529 SH   SOLE   77,529 0 0
PEOPLES UNITED FINANCIAL INCCO COM 712704105 18,734 1,415,996 SH   SOLE   1,415,996 0 0
CONOCOPHILLIPS COM COM 20825C104 26,239 345,209 SH   SOLE   345,209 0 0
SOTHEBY HLDGS INC CL A COM 835898107 4,729 120,235 SH   SOLE   120,235 0 0
CLAYMORE EXCHANGE-TRADED FD WI COM 18383M308 8,253 452,442 SH   SOLE   452,442 0 0
POWERSHARES ETF TR II S&P SMCP ETF - EQUITY 73937B886 5,801 165,047 SH   SOLE   165,047 0 0
ISHARES INC MSCI JAPAN COM 464286848 15,337 1,507,410 SH   SOLE   1,507,410 0 0
GLOBAL X FDS GLB X ASEAN 40 ETF - EQUITY 37950E648 11,627 716,872 SH   SOLE   716,872 0 0
MCDONALDS CORP COM 580135101 40,519 413,040 SH   SOLE   413,040 0 0
ISHARES TR DJ US REAL EST COM 464287739 4,574 73,418 SH   SOLE   73,418 0 0
SUPERIOR ENERGY SVCS INC COM 868157108 3,915 148,554 SH   SOLE   148,554 0 0
WISDOMTREE TRUST EMG MKTS SMCA COM 97717W281 41,406 860,490 SH   SOLE   860,490 0 0
ESTERLINE TECHNOLOGIES CORP CO COM 297425100 422 5,907 SH   SOLE   5,907 0 0
POWERSHARES S&P BANK LOAN PORT ETF - FIXED INCO 73936Q769 36,009 1,464,962 SH   SOLE   1,464,962 0 0
UBS AG JERSEY BRH ALERIAN INFR COM 902641646 23,004 687,103 SH   SOLE   687,103 0 0
I B M COM 459200101 25,957 124,407 SH   SOLE   124,407 0 0
ALLSCRIPTS HEALTHCARE SOLUTION COM 01988P108 217 13,069 SH   SOLE   13,069 0 0
DOLLAR TREE INC COM 256746108 2,857 59,939 SH   SOLE   59,939 0 0
PATTERSON UTI ENERGY INC COM 703481101 192 11,077 SH   SOLE   11,077 0 0
JP MORGAN CHASE & CO COM COM 46625H100 28,384 617,334 SH   SOLE   617,334 0 0
AMERICAN EXPRESS CO COM 025816109 31,906 551,444 SH   SOLE   551,444 0 0
VANGUARD INDEX FDS LARGE CAP E COM 922908637 10,221 158,636 SH   SOLE   158,636 0 0
TIFFANY & CO NEW COM COM 886547108 10,030 145,092 SH   SOLE   145,092 0 0
ISHARES TR LEHMAN 1-3 YR COM 464288646 4,877 46,404 SH   SOLE   46,404 0 0
FIRST TR DJS MICROCAP INDEX CO COM 33718M105 4,420 195,956 SH   SOLE   195,956 0 0
ISHARES INC MSCI GERMAN COM 464286806 75,165 3,228,731 SH   SOLE   3,228,731 0 0
RYDER SYS INC COM COM 783549108 307 5,805 SH   SOLE   5,805 0 0
WAL MART STORES INC COM 931142103 26,536 433,606 SH   SOLE   433,606 0 0
MEADWESTVACO CORP COM COM 583334107 24,264 768,104 SH   SOLE   768,104 0 0
VANGUARD WORLD FDS INF TECH ET COM 92204A702 14,315 192,984 SH   SOLE   192,984 0 0
EAST WEST BANCORP INC COM COM 27579R104 6,534 283,011 SH   SOLE   283,011 0 0
SIRONA DENTAL SYSTEMS INC COM COM 82966C103 284 5,503 SH   SOLE   5,503 0 0
ISHARES TR MSCI EMERG MKT COM 464287234 93,067 2,167,129 SH   SOLE   2,167,129 0 0