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
POWERSHARES QQQ TR ETF 46090E103 11,486 46,388 SH   SOLE   0 0 46,388
TECHNOLOGY SELECT SECTOR SPDR ETF 81369Y803 314 3,006 SH   SOLE   0 0 3,006
VANGUARD TOTAL STK MKT ETF 922908769 1,250 7,986 SH   SOLE   0 0 7,986
ISHARES MSCI EMERGING MARKETS ETF ETF 464287234 5,746 143,674 SH   SOLE   0 0 143,674
VANGUARD REAL ESTATE INDEX ETF ETF 922908553 25,016 318,551 SH   SOLE   0 0 318,551
SPDR DOW JONES INDUSTRIAL ETF ETF 78467X109 666 2,581 SH   SOLE   0 0 2,581
SPDR S&P 500 ETF ETF 78462F103 132,633 430,122 SH   SOLE   0 0 430,122
ISHARES CALIFORNIA MUNI BOND ETF ETF 464288356 538 8,658 SH   SOLE   0 0 8,658
SCHWAB ETFS- US SMALL-CAP ETF ETF 808524607 10,547 161,421 SH   SOLE   0 0 161,421
SCHWAB INTERNATIONAL EQUITY ETF ETF 808524805 23,273 782,288 SH   SOLE   0 0 782,288
SCHWAB STRATEGIC TR US LRG CAP ETF ETF 808524201 509 6,875 SH   SOLE   0 0 6,875
SCHWAB EMERGING MARKET EQ ETF ETF 808524706 21,552 885,090 SH   SOLE   0 0 885,090
VANGUARD SMALL CAP ETF ETF 922908751 3,937 27,019 SH   SOLE   0 0 27,019
VANGUARD MID CAP ETF 922908629 34,564 210,870 SH   SOLE   0 0 210,870
VANGUARD INFORMATION TECHNOLOGY ETF 92204A702 244 877 SH   SOLE   0 0 877
VANGUARD S&P 500 ETF ETF 922908363 22,791 80,410 SH   SOLE   0 0 80,410
SCH US REIT ETF ETF 808524847 664 18,853 SH   SOLE   0 0 18,853
SCHWAB US MID-CAP ETF ETF 808524508 14,355 272,814 SH   SOLE   0 0 272,814
ISHARES RUSSELL 2000 ETF ETF 464287655 13,632 95,212 SH   SOLE   0 0 95,212
POWERSHARES SP500 LOW VOLATILITY ETF ETF 46138E354 506 10,188 SH   SOLE   0 0 10,188
ISHARES DJ SELECT DIVIDEND ETF 464287168 341 4,223 SH   SOLE   0 0 4,223
PIMCO ACTIVE BOND EXCHANGE-TRADED FUND ETF 72201R775 623 5,582 SH   SOLE   0 0 5,582
ISHARES NASDAQ BIOTECHNOLOGY ETF 464287556 205 1,501 SH   SOLE   0 0 1,501
ISHARES S&P 500 INDEX ETF 464287200 35,798 115,593 SH   SOLE   0 0 115,593
VANGUARD FTSE DEVELOPED MARKETS ETF ETF 921943858 64,195 1,654,945 SH   SOLE   0 0 1,654,945
VANGUARD FTSE EMERGING MARKETS ETF ETF 922042858 19,684 496,957 SH   SOLE   0 0 496,957
VANGUARD HIGH DIVIDEND YIELD ETF 921946406 349 4,428 SH   SOLE   0 0 4,428
VANGUARD DIVIDEND APPRECIATION ETF ETF 921908844 2,587 22,078 SH   SOLE   0 0 22,078
SPDR DJ WILSHIRE REIT (ETF) ETF 78464A607 473 6,060 SH   SOLE   0 0 6,060
ISHARES MSCI EAFE ETF ETF 464287465 7,301 119,947 SH   SOLE   0 0 119,947
ISHARES TR RUSSELL 1000 INDEX ETF ETF 464287622 10,847 63,183 SH   SOLE   0 0 63,183