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
IPATH DJ-UBS COMMODITY TOTAL RETURN ETN ETF 06738C778 10,522 286,302 SH   SOLE   0 0 286,302
ISHARES DJ SELECT DIVIDEND ETF ETF 464287168 445 6,237 SH   SOLE   0 0 6,237
ISHARES MSCI EAFE ETF ETF 464287465 6,933 103,338 SH   SOLE   0 0 103,338
ISHARES MSCI EMERGING MARKETS ETF ETF 464287234 1,057 25,299 SH   SOLE   0 0 25,299
ISHARES RUSSELL 2000 ETF ETF 464287655 17,906 155,216 SH   SOLE   0 0 155,216
ISHARES S&P 500 INDEX ETF ETF 464287200 11,975 64,501 SH   SOLE   0 0 64,501
ISHARES TR FTSE EPRA/NAREIT GLOBAL REAL ESTATE EX-US ETF 464288489 3,668 118,877 SH   SOLE   0 0 118,877
ISHARES TR RUSSELL 1000 INDEX ETF ETF 464287622 8,831 85,596 SH   SOLE   0 0 85,596
POWERSHARES QQQ TR ETF 73935A104 1,730 19,666 SH   SOLE   0 0 19,666
SCHWAB EMERGING MARKET EQ ETF ETF 808524706 426 17,304 SH   SOLE   0 0 17,304
SCHWAB ETFS- US SMALL-CAP ETF ETF 808524607 622 11,857 SH   SOLE   0 0 11,857
SCHWAB INTERNATIONAL EQUITY ETF ETF 808524805 2,695 85,475 SH   SOLE   0 0 85,475
SCHWAB US MID-CAP ETF ETF 808524508 1,409 37,632 SH   SOLE   0 0 37,632
SPDR DJ WILSHIRE INTL REAL EST ETF 78463X863 742 18,008 SH   SOLE   0 0 18,008
SPDR DJ WILSHIRE REIT (ETF) ETF 78464A607 616 8,643 SH   SOLE   0 0 8,643
SPDR DOW JONES INDUSTRIAL ETF ETF 78467X109 1,202 7,261 SH   SOLE   0 0 7,261
SPDR GOLD ETF ETF 78463V107 1,058 9,113 SH   SOLE   0 0 9,113
SPDR INDEX SHS FDS S&P INTL SMALL CAP ETF ETF 78463X871 1,128 33,605 SH   SOLE   0 0 33,605
SPDR S&P 500 ETF ETF 78462F103 108,902 589,647 SH   SOLE   0 0 589,647
VANGUARD DIVIDEND APPRECIATION ETF ETF 921908844 2,381 31,647 SH   SOLE   0 0 31,647
VANGUARD FTSE DEVELOPED MARKETS ETF ETF 921943858 52,985 1,271,221 SH   SOLE   0 0 1,271,221
VANGUARD FTSE EMERGING MARKETS ETF ETF 922042858 17,230 418,823 SH   SOLE   0 0 418,823
VANGUARD HIGH DIVIDEND YIELD ETF 921946406 296 4,747 SH   SOLE   0 0 4,747
VANGUARD INTL EQUITY INDEX FDS GLOBAL EX-US REAL ESTATE INDEX FD ETF SHS ETF 922042676 1,258 23,085 SH   SOLE   0 0 23,085
VANGUARD MID CAP ETF 922908629 25,956 235,923 SH   SOLE   0 0 235,923
VANGUARD REIT INDEX ETF 922908553 13,604 210,716 SH   SOLE   0 0 210,716
VANGUARD SMALL CAP ETF ETF 922908751 1,394 12,677 SH   SOLE   0 0 12,677
VANGUARD TOTAL STK MKT ETF 922908769 322 3,357 SH   SOLE   0 0 3,357
WISDOMTREE TR BRAZILIAN REAL FD ETF 97717W240 2,432 140,595 SH   SOLE   0 0 140,595