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
ALTRIA GROUP INC COM 02209S103 273 7,112 SH   SOLE   6,124 0 988
AMBEV SA SPONSORED ADR 02319V103 340 46,271 SH   SOLE   40,983 0 5,288
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 341 3,200 SH   SOLE   2,834 0 366
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 277 2,578 SH   SOLE   2,220 0 358
DIAGEO P L C SPON ADR NEW 25243Q205 344 2,601 SH   SOLE   2,304 0 297
EGA EMERGING GLOBAL SHS TR EGS EMKTCONS ETF 268461779 2,653 98,680 SH   SOLE   87,466 0 11,214
ISHARES CORE S&P SCP ETF 464287804 868 7,955 SH   SOLE   7,156 0 799
ISHARES CORE S&P MCP ETF 464287507 1,993 14,896 SH   SOLE   13,401 0 1,495
ISHARES EMU ETF 464286608 3,479 84,068 SH   SOLE   78,700 0 5,368
ISHARES IBOXX INV CP ETF 464287242 2,587 22,652 SH   SOLE   8,950 0 13,702
ISHARES MBS ETF 464288588 359 3,434 SH   SOLE   0 0 3,434
ISHARES MSCI CDA ETF 464286509 3,964 135,940 SH   SOLE   122,079 0 13,861
ISHARES MSCI EAFE ETF 464287465 32,615 486,105 SH   SOLE   435,149 0 50,956
ISHARES MSCI EMG MKT ETF 464287234 7,294 174,520 SH   SOLE   154,834 0 19,686
ISHARES MSCI JAPAN ETF 464286848 889 73,246 SH   SOLE   67,107 0 6,139
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 1,355 29,237 SH   SOLE   25,896 0 3,341
KAYNE ANDERSON MLP INVT CO COM 486606106 1,387 34,796 SH   SOLE   30,820 0 3,976
MARIN SOFTWARE INC COM 56804T106 4,005 391,099 SH   SOLE   391,099 0 0
MOLSON COORS BREWING CO CL B 60871R209 339 6,029 SH   SOLE   5,340 0 689
PHILIP MORRIS INTL INC COM 718172109 270 3,096 SH   SOLE   2,666 0 430
PLUM CREEK TIMBER CO INC COM 729251108 909 19,551 SH   SOLE   17,352 0 2,199
RAYONIER INC COM 754907103 821 19,503 SH   SOLE   17,188 0 2,315
REYNOLDS AMERICAN INC COM 761713106 269 5,389 SH   SOLE   4,641 0 748
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 6,672 93,649 SH   SOLE   82,947 0 10,702
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 447 6,688 SH   SOLE   5,474 0 1,214
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 1,056 24,558 SH   SOLE   21,651 0 2,907
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 897 16,174 SH   SOLE   14,172 0 2,002
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 1,125 12,707 SH   SOLE   11,203 0 1,504
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,691 77,372 SH   SOLE   67,091 0 10,281
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 771 14,755 SH   SOLE   12,987 0 1,768
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 2,735 76,537 SH   SOLE   68,955 0 7,582
SPDR S&P 500 ETF TR TR UNIT 78462F103 5,959 32,264 SH   SOLE   30,410 0 1,854
TEEKAY CORPORATION COM Y8564W103 12,002 250,000 SH   SOLE   250,000 0 0
TREMOR VIDEO INC COM 89484Q100 3,321 572,667 SH   SOLE   572,667 0 0
WEYERHAEUSER CO COM 962166104 933 29,565 SH   SOLE   26,309 0 3,256