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
GLOBAL X FDS GLBL X MLP ETF GLBL X MLP ETF 37950E473 3,268 384,956 SH   SOLE   34,047 0 350,909
JP MORGAN EXCH TRADED NT ALERI ALERIAN ML ETN 46625h365 11,573 482,228 SH   SOLE   440,288 0 41,940
POWERSHARES ACT MANG COMM FD D DB OPT YLD DIV 73937V106 43,422 2,443,530 SH   SOLE   1,801,826 0 641,704
VANGUARD FTSE EUROPE ETF FTSE EUROPE ETF 922042874 26,163 449,916 SH   SOLE   346,130 0 103,786
VANGUARD GLOBAL EX US REAL EST GLB EX US ETF 922042676 25,854 424,390 SH   SOLE   317,594 0 106,796
VANGUARD INDEX FDS MID CAP ETF MID CAP ETF 922908629 244 1,582 SH   SOLE   0 0 1,582
VANGUARD INDEX FDS REIT ETF REIT ETF 922908553 413 5,467 SH   SOLE   0 0 5,467
VANGUARD INDEX FDS SMALL CP ET SMALL CP ETF 922908751 244 1,659 SH   SOLE   0 0 1,659
VANGUARD INDEX FDS TOTAL STK M STK MRK ETF 922908769 47,297 348,488 SH   SOLE   255,508 0 92,980
VANGUARD INTL EQTY INDEX FTSE ALLWRLD EX US 922042775 1,001 18,413 SH   SOLE   0 0 18,413
VANGUARD INTL EQUITY INDEX FD EMR MKT ETF 922042858 51,946 1,105,712 SH   SOLE   822,952 0 282,760
VANGUARD INTL EQUITY INDEX FD FTSE SMCAP ETF 922042718 22,544 189,062 SH   SOLE   139,852 0 49,210
Vanguard S&P 500 ETF S&P 500 ETF SHS 922908363 363 1,500 SH   SOLE   0 0 1,500
VANGUARD TAX MANAGED INTL FD F FTSE DEV MKT ETF 921943858 75,979 1,717,029 SH   SOLE   1,326,060 0 390,969
VANGUARD TOTAL WORLD STOCK ETF TT WRLD ST ETF 922042742 206 2,801 SH   SOLE   0 0 2,801
VANGUARD VALUE ETF VALUE ETF 922908744 45,393 439,944 SH   SOLE   332,843 0 107,101
VANGUARD WORLD FDS CONSUM DIS CONSUM DIS ETF 92204A108 218 1,375 SH   SOLE   0 0 1,375
VANGUARD WORLD FDS INF TECH ET INF TECH ETF 92204A702 312 1,822 SH   SOLE   0 0 1,822
ISHARES NATIONAL AMT FREE MUNI NATIONAL MUN ETF 464288414 269 2,471 SH   SOLE   0 0 2,471
ISHARES TR FLTG RATE BD ETF FLTG RATE BD ETF 46429B655 39,668 778,876 SH   SOLE   436,028 0 342,848
POWERSHARES ETF TRUST II SENIO SENIOR LN PORT 73936Q769 22,264 962,573 SH   SOLE   584,366 0 378,207
SPDR SERIES TRUST BLOOMBERG IN BRCLYS INTL ETF 78464A516 31,042 1,051,906 SH   SOLE   591,460 0 460,446
SPDR SERIES TRUST NUVN BR SHT NUVN BR SHT MUNI 78468R739 478 9,997 SH   SOLE   0 0 9,997
VANGUARD MALVERN FDS STRM INFP STRM INFPROIDX 922020805 20,596 421,103 SH   SOLE   305,104 0 115,999
VANGUARD SCOTTSDALE FDS SHRT T SHRT TRM CORP BD 92206C409 27,562 351,425 SH   SOLE   214,501 0 136,924