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
ALPS ETF TR ALERIAN MLP 00162Q866 14,563 878,881 SH   SOLE   878,881 0 0
ARENA PHARMACEUTICALS INC COM 040047102 72 16,500 SH   SOLE   16,500 0 0
BAIDU INC SPON ADR REP A 056752108 313 1,500 SH   SOLE   1,500 0 0
BARCLAYS BK PLC S&P 500 VEQTOR 06740C337 7,348 49,456 SH   SOLE   49,456 0 0
BARCLAYS BK PLC BARC ETN+SHILL 06742A669 2,326 29,395 SH   SOLE   29,395 0 0
FIRST TR US IPO INDEX FD SHS 336920103 1,711 31,784 SH   SOLE   31,784 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 12,195 369,666 SH   SOLE   369,666 0 0
ISHARES NAT AMT FREE BD 464288414 609 5,510 SH   SOLE   5,510 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 524 6,168 SH   SOLE   6,168 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 866 7,986 SH   SOLE   7,986 0 0
ISHARES TR CORE S&P MCP ETF 464287507 294,347 1,936,751 SH   SOLE   1,936,751 0 0
ISHARES TR CORE S&P500 ETF 464287200 277,584 1,335,630 SH   SOLE   1,335,630 0 0
ISHARES TR EUROPE ETF 464287861 276 6,229 SH   SOLE   6,229 0 0
ISHARES MSCI AUST ETF 464286103 295 12,905 SH   SOLE   12,905 0 0
ISHARES MSCI BRIC INDX 464286657 278 7,620 SH   SOLE   7,620 0 0
ISHARES TR MSCI EAFE ETF 464287465 291 4,538 SH   SOLE   4,538 0 0
ISHARES MSCI FRANCE ETF 464286707 611 23,532 SH   SOLE   23,532 0 0
ISHARES MSCI GERMANY ETF 464286806 304 10,178 SH   SOLE   10,178 0 0
ISHARES MSCI SZ CAP ETF 464286749 302 9,087 SH   SOLE   9,087 0 0
ISHARES TR MSCI UTD KNGDM 46434V548 298 16,545 SH   SOLE   16,545 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 576,453 4,634,989 SH   SOLE   4,634,989 0 0
LAS VEGAS SANDS CORP COM 517834107 275 5,000 SH   SOLE   5,000 0 0
LEXINGTON REALTY TRUST COM 529043101 10,886 1,107,421 SH   SOLE   1,107,421 0 0
MID-AMER APT CMNTYS INC COM 59522J103 8,934 115,625 SH   SOLE   115,625 0 0
MONDELEZ INTL INC CL A 609207105 300 8,304 SH   SOLE   8,304 0 0
NORTHERN TR CORP COM 665859104 698 10,022 SH   SOLE   10,022 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 8,739 374,414 SH   SOLE   374,414 0 0
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 6,284 346,808 SH   SOLE   346,808 0 0
PENGROWTH ENERGY CORP COM 70706P104 7,527 2,517,430 SH   SOLE   2,517,430 0 0
PENN WEST PETE LTD NEW COM 707887105 4,557 2,761,649 SH   SOLE   2,761,649 0 0
PHILIP MORRIS INTL INC COM 718172109 603 8,000 SH   SOLE   8,000 0 0
PIMCO ETF TR TTL RTN ACTV ETF 72201R775 1,091 9,903 SH   SOLE   9,903 0 0
PLUM CREEK TIMBER CO INC COM 729251108 8,956 206,124 SH   SOLE   206,124 0 0
POWERSHARES ETF TR II S&P500 LOW VOL 73937B779 2,011 53,020 SH   SOLE   53,020 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,528 14,470 SH   SOLE   14,470 0 0
POWERSHARES ACTIVE MNG ETF T S&P500 DWNHDGE 73935B805 1,881 69,888 SH   SOLE   69,888 0 0
POWERSHARES ETF TR II PWRSH S&P500HI 73937B654 4,739 144,076 SH   SOLE   144,076 0 0
POWERSHARES ETF TR II S&P400 LOVL PT 73937B647 2,064 60,838 SH   SOLE   60,838 0 0
POWERSHARES ETF TR II S&P600 LOVL PT 73937B639 2,140 62,612 SH   SOLE   62,612 0 0
PROSHARES TR PSHS ULT S&P 500 74347R107 27,024 208,998 SH   SOLE   208,998 0 0
PROSHARES TR PSHS ULTRUSS2000 74347R842 55,258 569,962 SH   SOLE   569,962 0 0
PROSHARES TR PSHS ULT MCAP400 74347R404 29,071 359,072 SH   SOLE   359,072 0 0
PROSHARES TR ULTR MSCI ETF 74347X500 582 5,502 SH   SOLE   5,502 0 0
RITE AID CORP COM 767754104 87 10,000 SH   SOLE   10,000 0 0
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 1,843 22,737 SH   SOLE   22,737 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 12,127 199,099 SH   SOLE   199,099 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,182 5,726 SH   SOLE   5,726 0 0
SSGA ACTIVE ETF TR SPDR TR TACTIC 78467V848 685 13,700 SH   SOLE   13,700 0 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 13,536 162,102 SH   SOLE   162,102 0 0
STARWOOD PPTY TR INC COM 85571B105 15,420 634,575 SH   SOLE   634,575 0 0
TRANSCANADA CORP COM 89353D107 8,737 204,509 SH   SOLE   204,509 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 1,966 22,421 SH   SOLE   22,421 0 0
VENTAS INC COM 92276F100 7,033 96,322 SH   SOLE   96,322 0 0
W P CAREY INC COM 92936U109 12,092 177,826 SH   SOLE   177,826 0 0
WILLIAMS COS INC DEL COM 969457100 20,661 408,392 SH   SOLE   408,392 0 0