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
ADVISORSHARES TR TRIMTABS FLT ETF 00768Y818 1,056 19,540 SH   SOLE 0 0 0 19,540
ALTRIA GROUP INC COMMON STOCK 022095103 924 15,881 SH   SOLE 0 0 0 15,881
A T AND T INC COMMON STOCK 00206R102 1,907 55,411 SH   SOLE 0 0 0 55,411
A T AND T INC COMMON STOCK 00206R102 3 76 SH   OTR 1 0 0 76
BARCLAYS BANK IPATH ETN ETF 06738C786 287 46,068 SH   SOLE 0 0 0 46,068
CHARLES SCHWAB US REIT ETF 808524847 503 12,678 SH   SOLE 0 0 0 12,678
COCA COLA COMPANY COMMON STOCK 191216100 405 9,423 SH   SOLE 0 0 0 9,423
EXXON MOBIL CORPORATION COMMON STOCK 30231G102 1,995 25,596 SH   SOLE 0 0 0 25,596
ISHARES SP US PFD STOCK INDEX FD COMMON STOCK 464288687 1,393 35,855 SH   SOLE 0 0 0 35,855
ISHARES TR CORE S&P MCP ETF 464287507 587 11,727 SH   SOLE 0 0 0 11,727
ISHARES TR USA MIN VOL ETF 46429B697 999 23,878 SH   SOLE 0 0 0 23,878
ISHARES TR NAT AMT FREE BD ETF 464288414 3,140 28,362 SH   SOLE 0 0 0 28,362
ISHARES TR MBS ETF 464288588 4,355 40,435 SH   SOLE 0 0 0 40,435
ISHARES IBOXX INV GRADE CORP BOND FD ETF 464287242 8,291 72,719 SH   SOLE 0 0 0 72,719
ISHARES MSCI EAFE SMALL CAP INDX FD ETF 464288273 613 12,289 SH   SOLE 0 0 0 12,289
ISHARES S&P 100 ETF 464287101 10,598 116,244 SH   SOLE 0 0 0 116,244
ISHARES TR 1 3 YR TREAS INDX FD ETF 464287457 982 11,636 SH   SOLE 0 0 0 11,636
ISHARES TR MSCI USA MOMENTUM FACT ETF 46432F396 706 9,633 SH   SOLE 0 0 0 9,633
ISHARES US TREAS INFLAT PRO ETF 464287176 1,159 10,564 SH   SOLE 0 0 0 10,564
JOHNSON AND JOHNSON COMMON STOCK 478160104 1,587 15,445 SH   SOLE 0 0 0 15,445
JOHNSON AND JOHNSON COMMON STOCK 478160104 5 45 SH   OTR 1 0 0 45
JP MORGAN CHASE AND COMPANY COMMON STOCK 46625H100 1,100 16,655 SH   SOLE 0 0 0 16,655
KENNEDY-WILSON HLDGS INC COMMON STOCK 489398107 347 14,407 SH   SOLE 0 0 0 14,407
KINDER MORGAN INC COMMON STOCK 4946B101 382 25,615 SH   SOLE 0 0 0 25,615
MASTERCARD INC COMMON STOCK 57636Q104 1,484 15,251 SH   SOLE 0 0 0 15,251
MEDLEY CAPITAL CORP ETF 58503F106 528 70,192 SH   SOLE 0 0 0 70,192
MERCK & CO INC NEW COMMON STOCK 58933Y105 1,636 31,057 SH   SOLE 0 0 0 31,057
MERCK & CO INC NEW COMMON STOCK 58933Y105 5 88 SH   OTR 1 0 0 88
MICROSOFT CORP COMMON STOCK 594918104 1,479 26,655 SH   SOLE 0 0 0 26,655
MICROSOFT CORP COMMON STOCK 594918104 5 92 SH   OTR 1 0 0 92
NORTHSTAR RLTY FIN CORP COMMON STOCK 66704R704 271 15,903 SH   SOLE 0 0 0 15,903
NUVEEN BUILD AMERICA BOND FD COMMON STOCK 67074C103 377 18,756 SH   SOLE 0 0 0 18,756
ORACLE CORPORATION COMMON STOCK 68389X105 444 12,152 SH   SOLE 0 0 0 12,152
PAYPAL HLDGS INC COMMON STOCK 70450Y103 564 15,570 SH   SOLE 0 0 0 15,570
PFIZER INCORPORATED COMMON STOCK 717081103 904 28,007 SH   SOLE 0 0 0 28,007
PFIZER INCORPORATED COMMON STOCK 717081103 3 89 SH   OTR 1 0 0 89
POWERSHS GLOBAL EMERGING MKTS ETF 73936T573 641 23,457 SH   SOLE 0 0 0 23,457
POWERSHS QQQ TRUST SER 1 ETF 73935A104 13,136 117,432 SH   SOLE 0 0 0 117,432
POWERSHS DYNM LRG CP VL ETF 73935X708 1,184 40,700 SH   SOLE 0 0 0 40,700
POWERSHS GLOBAL I-30 LAD TREAS ETF 73936T524 397 12,283 SH   SOLE 0 0 0 12,283
POWERSHS DB US DOLLAR BULLISH FD ETF 73936D107 861 33,575 SH   SOLE 0 0 0 33,575
POWERSHS TR II SP 500 LOW VOL PRT ETF 73937B779 3,574 92,666 SH   SOLE 0 0 0 92,666
PROCTER & GAMBLE CO COMMON STOCK 742718109 931 11,729 SH   SOLE 0 0 0 11,729
PROCTER & GAMBLE CO COMMON STOCK 742718109 5 60 SH   OTR 1 0 0 60
PROSPECT CAPITAL CORPORATION COMMON STOCK 74348T102 719 102,992 SH   SOLE 0 0 0 102,992
RETAIL PPTYS AMER INC CL A COMMON STOCK 76131V202 713 48,303 SH   SOLE 0 0 0 48,303
RYDEX ET TRUST GUG S&P 500 EQ WT ETF 78355W106 5,613 73,244 SH   SOLE 0 0 0 73,244
SCH US MID-CAP ETF ETF 808524508 900 22,461 SH   SOLE 0 0 0 22,461
SCHW EMG MKT EQ ETF ETF 808524706 630 32,285 SH   SOLE 0 0 0 32,285
SCHW INTL EQ ETF ETF 808524805 770 27,955 SH   SOLE 0 0 0 27,955
SCHW US BRD MKT ETF ETF 808524102 9,176 187,106 SH   SOLE 0 0 0 187,106
SCHW US LCAP GRO ETF ETF 808524300 1,873 35,452 SH   SOLE 0 0 0 35,452
SCHW US LCAP VAL ETF ETF 808524409 2,266 53,386 SH   SOLE 0 0 0 53,386
SCHW US SCAP ETF ETF 808524607 726 13,930 SH   SOLE 0 0 0 13,930
SPDR DOW JONES REIT ETF 78464A607 2,740 29,906 SH   SOLE 0 0 0 29,906
SPDR SBI CONS DISCR ETF 81369Y407 3,975 50,853 SH   SOLE 0 0 0 50,853
SELECT SECTOR SPDR TR SBI INT-FINL ETF 81369Y605 480 20,159 SH   SOLE 0 0 0 20,159
SSGA ACTIVE ETF TR SPDR TR TACTIC ETF 78467V848 5,587 114,959 SH   SOLE 0 0 0 114,959
SOUTHWEST AIRLINES COMPANY COMMON STOCK 844741108 674 15,664 SH   SOLE 0 0 0 15,664
SPDR SERIES TRUST BRC HGH YLD BD ETF 78464A417 599 17,669 SH   SOLE 0 0 0 17,669
SSGA ACTIVE ETF TR BLKSTN GSOSRLN ETF 78467V608 1,020 22,119 SH   SOLE 0 0 0 22,119
SPDR S&P 500 ETF TR UNIT ETF 78462F103 5,322 26,107 SH   SOLE 0 0 0 26,107
STARBUCKS CORP COMMON STOCK 855244109 749 12,478 SH   SOLE 0 0 0 12,478
VANGUARD CONSUMR STAPLES ETF 92204A207 2,931 22,705 SH   SOLE 0 0 0 22,705
VANGUARD DIV APPRECIATION ETF 921908844 2,373 30,518 SH   SOLE 0 0 0 30,518
VANGUARD WHITEHALL FDS INC HIGH DIV YLD ETF 921946406 1,478 22,144 SH   SOLE 0 0 0 22,144
VANGUARD INDEX FDS GROWTH ETF 922908736 6,229 58,547 SH   SOLE 0 0 0 58,547
VANGUARD INDEX FDS VALUE ETF 922908744 5,590 68,576 SH   SOLE 0 0 0 68,576
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 348 10,637 SH   SOLE 0 0 0 10,637
VANGUARD NAT RES LLC COMMON STOCK 92205F106 108 36,177 SH   SOLE 0 0 0 36,177
VANGUARD INTL EQUITY INDEX F ETF 922042874 834 16,711 SH   SOLE 0 0 0 16,711
VANGUARD SCOTTSDALE FDS INT-TERM CORP ETF 92206C870 2,255 26,815 SH   SOLE 0 0 0 26,815
VANGUARD SCOTTSDALE FDS SHTRM GVT BD ETF 92206C102 2,132 35,085 SH   SOLE 0 0 0 35,085
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD ETF 92206C409 2,093 26,498 SH   SOLE 0 0 0 26,498
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 621 12,827 SH   SOLE 0 0 0 12,827
VERIZON COMMUNICATIONS COMMON STOCK 92343V104 1,299 28,096 SH   SOLE 0 0 0 28,096
VERIZON COMMUNICATIONS COMMON STOCK 92343V104 1 32 SH   OTR 1 0 0 32
VISA INC CL A COMMON STOCK 92826C839 1,700 21,923 SH   SOLE 0 0 0 21,923
WELLS FARGO AND CO COMMON STOCK 949746101 2,012 37,013 SH   SOLE 0 0 0 37,013
WILLIAMS COS INC DEL COMMON STOCK 969457100 367 14,271 SH   SOLE 0 0 0 14,271
WILLIAMS COS INC DEL COMMON STOCK 969457100 367 14,271 SH   OTR 1 0 0 145