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
AGILENT TECHNOLOGIES INC COM 00846U101 472 11,295 SH   SOLE NONE 11,295 0 0
APOLLO COMMERCIAL REAL ESTATE COM 03762U105 261 15,171 SH   SOLE NONE 0 0 15,171
APPLE INC COM 037833100 716 6,805 SH   SOLE NONE 6,798 0 7
ARES CAPITAL CORPORATION COM 04010L103 187 13,146 SH   SOLE NONE 0 0 13,146
BLACKROCK INC COM 09247X101 507 1,490 SH   SOLE NONE 1,490 0 0
CBRE GROUP INC COM 12504L109 323 9,331 SH   SOLE NONE 9,331 0 0
CALIX, INC. COM 13100M509 113 14,376 SH   SOLE NONE 0 0 14,376
COLGATE-PALMOLIVE COMPANY COM 194162103 502 7,535 SH   SOLE NONE 7,535 0 0
DTE ENERGY HOLDING COMPANY COM 233331107 521 6,503 SH   SOLE NONE 6,503 0 0
DEERE CO COM 244199105 3,250 42,615 SH   SOLE NONE 0 0 42,615
E.I. DU PONT DE NEMOURS COMPA COM 263534109 515 7,736 SH   SOLE NONE 7,732 0 4
EMERSON ELECTRIC CO. COM 291011104 3,378 70,617 SH   SOLE NONE 0 0 70,617
EXXON MOBIL CORPORATION COM 30231G102 585 7,506 SH   SOLE NONE 7,503 0 3
FIFTH THIRD BANCORP COM 316773100 3,609 179,558 SH   SOLE NONE 0 0 179,558
FIRST TRUST LARGE CAP CORE ALP COM 33734K109 25,314 585,161 SH   SOLE NONE 62,705 0 522,456
FIRST TRUST LARGE CAP VALUE AL COM 33735J101 11,132 289,604 SH   SOLE NONE 0 0 289,604
FIRST TRUST LARGE CAP GR OPP A COM 33735K108 10,388 215,480 SH   SOLE NONE 0 0 215,480
FIRST TRUST ENH SHORT MAT FD COM 33739Q408 1,473 24,627 SH   SOLE NONE 0 0 24,627
FORD MOTOR CO COM 345370860 3,509 249,073 SH   SOLE NONE 0 0 249,073
GENERAL ELECTRIC CO COM 369604103 791 25,399 SH   SOLE NONE 25,372 0 27
GENERAL MOTORS CO COM 37045V100 491 14,423 SH   SOLE NONE 14,412 0 11
GLADSTONE COMMER COM 376536108 251 17,209 SH   SOLE NONE 0 0 17,209
HUNTSMAN CORPORATION COM 447011107 115 10,158 SH   SOLE NONE 0 0 10,158
INTEL CORP COM 458140100 1,930 56,026 SH   SOLE NONE 0 0 56,026
INVESTORS REAL ESTATE TRUST COM 461730103 125 18,010 SH   SOLE NONE 0 0 18,010
ISHARES CORE SP 500 COM 464287200 3,137 15,311 SH   SOLE NONE 0 0 15,311
ISHARES CORE US AGGREGATE BOND COM 464287226 91,059 843,062 SH   SOLE NONE 599,970 0 243,092
ISHARES IBOXX $ INVST GRADE CR COM 464287242 1,438 12,610 SH   SOLE NONE 0 0 12,610
ISHARES SP 500 GROWTH COM 464287309 175,915 1,519,124 SH   SOLE NONE 1,081,984 0 437,140
ISHARES SP 500 VALUE COM 464287408 160,778 1,816,080 SH   SOLE NONE 1,291,588 0 524,492
ISHARES 1-3 YEAR TREASURY BOND COM 464287457 44,321 525,378 SH   SOLE NONE 242,583 0 282,795
ISHARES RUSSELL MID-CAP COM 464287499 2,774 17,316 SH   SOLE NONE 0 0 17,316
ISHARES CORE SP MID-CAP COM 464287507 1,435 10,298 SH   SOLE NONE 0 0 10,298
ISHARES RUSSELL 2000 COM 464287655 465 4,127 SH   SOLE NONE 0 0 4,127
ISHARES MSCI ACWI EX US INDEX COM 464288240 157,484 3,975,855 SH   SOLE NONE 2,757,501 0 1,218,354
ISHARES NATIONAL AMT-FREE MUNI COM 464288414 25,622 231,434 SH   SOLE NONE 167,212 0 64,222
ISHARES INTERMEDIATE CREDIT BD COM 464288638 37,105 345,873 SH   SOLE NONE 258,645 0 87,228
ISHARES 3-7 YEAR TREASURY BOND COM 464288661 4,990 40,697 SH   SOLE NONE 40,671 0 26
ISHARES SHORT TREASURY BOND COM 464288679 65,221 591,733 SH   SOLE NONE 472,088 0 119,645
JPMORGAN CHASE CO COM 46625H100 497 7,534 SH   SOLE NONE 7,521 0 13
JOHNSON JOHNSON COM 478160104 761 7,404 SH   SOLE NONE 7,397 0 7
LAM RESEARCH CORPORATION COM 512807108 347 4,363 SH   SOLE NONE 4,363 0 0
MBIA INC COM 55262C100 113 17,434 SH   SOLE NONE 0 0 17,434
MEDICAL PROPERTIES TRUST, INC. COM 58463J304 119 10,348 SH   SOLE NONE 0 0 10,348
MICROSOFT CORPORATION COM 594918104 901 16,236 SH   SOLE NONE 16,216 0 20
NEW MOUNTAIN FINANCE CORP COM 647551100 269 20,639 SH   SOLE NONE 0 0 20,639
NEWPARK RESOURCES, INC. COM 651718504 109 20,603 SH   SOLE NONE 0 0 20,603
PNC FINANCIAL SERVICES GROUP I COM 693475105 3,762 39,473 SH   SOLE NONE 0 0 39,473
POWERSHARES QQQ COM 73935A104 48,814 436,384 SH   SOLE NONE 292,604 0 143,780
POWERSHARES DYNAMIC LARGE CAP COM 73935X609 6,903 220,602 SH   SOLE NONE 0 0 220,602
POWERSHARES DYNAMIC LARGE CAP COM 73935X708 6,172 212,186 SH   SOLE NONE 0 0 212,186
SPDR SP 500 COM 78462F103 205,578 1,008,380 SH   SOLE NONE 792,000 0 216,380
SPDR MSCI ACWI (EX-US) COM 78463X848 5,659 183,731 SH   SOLE NONE 0 0 183,731
SPDR DOUBLELINE TR TACT ETF COM 78467V848 24,562 505,388 SH   SOLE NONE 379,875 0 125,513
SOLAR CAPITAL, LTD. COM 83413U100 302 18,392 SH   SOLE NONE 0 0 18,392
STARWOOD PROPERTY TRUST, INC. COM 85571B105 240 11,690 SH   SOLE NONE 0 0 11,690
TAIWAN SEMICONDUCTOR MANUFACTU COM 874039100 3,689 162,149 SH   SOLE NONE 0 0 162,149
3M CO COM 88579Y101 3,581 23,774 SH   SOLE NONE 0 0 23,774
TIFFANY CO. COM 886547108 500 6,560 SH   SOLE NONE 6,560 0 0
TIVO, INC. COM 888706108 96 11,121 SH   SOLE NONE 0 0 11,121
UNILEVER PLC ADR COM 904767704 3,716 86,172 SH   SOLE NONE 0 0 86,172
UNITED PARCEL SERVICE INC (UPS COM 911312106 2,784 28,930 SH   SOLE NONE 0 0 28,930
UNIVERSAL HEALTH SERVICES, INC COM 913903100 450 3,764 SH   SOLE NONE 3,764 0 0
VANGUARD TOTAL BOND MARKET ETF COM 921937835 241 2,983 SH   SOLE NONE 0 0 2,983
VANGUARD FTSE DEVELOPED MARKET COM 921943858 3,291 89,616 SH   SOLE NONE 0 0 89,616
VANGUARD TOTAL INTL BD IDX ETF COM 92203J407 24,588 464,981 SH   SOLE NONE 349,977 0 115,004
VIACOM, INC. CLASS B COM 92553P201 2,809 68,242 SH   SOLE NONE 0 0 68,242
WELLS FARGO CO COM 949746101 744 13,694 SH   SOLE NONE 13,694 0 0
YUM BRANDS INC COM 988498101 2,976 40,733 SH   SOLE NONE 0 0 40,733
BAY BANCORP INC COM 07203T106 112 22,217 SH   DFND 1 0 0 22,217
DB X-TRACKERS MSCI EAFE HEDGED COM 233051200 12,308 453,173 SH   DFND 1 0 0 453,173
FIRST TRUST NYSE ARCA BIOTECH COM 33733E203 431 3,814 SH   DFND 1 0 0 3,814
FIRST TRUST DOW JONES INTERNET COM 33733E302 469 6,284 SH   DFND 1 0 0 6,284
FIRST TRUST CONSUMER DISC ALPH COM 33734X101 417 12,226 SH   DFND 1 0 0 12,226
FIRST TRUST CONSUMER STAPLES A COM 33734X119 438 9,855 SH   DFND 1 0 0 9,855
FIRST TRUST HEALTH CARE ALPHAD COM 33734X143 405 6,702 SH   DFND 1 0 0 6,702
ISHARES CORE US AGGREGATE BOND COM 464287226 921 8,524 SH   DFND 1 0 0 8,524
ISHARES IBOXX $ INVST GRADE CR COM 464287242 378 3,313 SH   DFND 1 0 0 3,313
ISHARES 7-10 YEAR TREASURY BON COM 464287440 377 3,572 SH   DFND 1 0 0 3,572
ISHARES 1-3 YEAR TREASURY BOND COM 464287457 7,682 91,064 SH   DFND 1 0 0 91,064
ISHARES RUSSELL 1000 GROWTH COM 464287614 8,844 88,900 SH   DFND 1 0 0 88,900
ISHARES GOVERNMENT/CREDIT BOND COM 464288596 387 3,468 SH   DFND 1 0 0 3,468
ISHARES INTERMEDIATE CREDIT BD COM 464288638 389 3,623 SH   DFND 1 0 0 3,623
ISHARES 10-20 YEAR TREASURY BO COM 464288653 390 2,903 SH   DFND 1 0 0 2,903
PIMCO 0-5 YEAR HIGH YLD CORP B COM 72201R783 438 4,783 SH   DFND 1 0 0 4,783
POWERSHARES SENIOR LOAN PORT COM 73936Q769 450 20,107 SH   DFND 1 0 0 20,107
SPDR SP 500 COM 78462F103 9,470 46,451 SH   DFND 1 0 0 46,451
VANGUARD SHORT-TERM BOND ETF COM 921937827 2,100 26,394 SH   DFND 1 0 0 26,394
VANGUARD TOTAL BOND MARKET ETF COM 921937835 833 10,310 SH   DFND 1 0 0 10,310
VANGUARD TOTAL WORLD STOCK IND COM 922042742 7,443 129,168 SH   DFND 1 0 0 129,168
VANGUARD EMERGING MARKETS STOC COM 922042858 2,891 88,380 SH   DFND 1 0 0 88,380
VANGUARD MID-CAP ETF COM 922908629 6,176 51,423 SH   DFND 1 0 0 51,423
VANGUARD VALUE ETF COM 922908744 8,882 108,960 SH   DFND 1 0 0 108,960
VANGUARD SMALL CAP ETF COM 922908751 3,046 27,529 SH   DFND 1 0 0 27,529