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
ATT INC COM 00206R102 200 5,098 SH   SOLE NONE 5,098 0 0
ABBOTT LABORATORIES COM 002824100 4,121 98,510 SH   SOLE NONE 12,608 0 85,902
APOLLO COMMERCIAL REAL ESTATE COM 03762U105 297 18,195 SH   SOLE NONE 0 0 18,195
APPLE INC COM 037833100 3,500 32,114 SH   SOLE NONE 4,487 0 27,627
ARES CAPITAL CORPORATION COM 04010L103 283 19,069 SH   SOLE NONE 0 0 19,069
BIOGEN IDEC INC COM 09062X103 503 1,933 SH   SOLE NONE 1,933 0 0
CBL ASSOCIATES PROPERTIES, IN COM 124830100 214 17,955 SH   SOLE NONE 0 0 17,955
CENTURYLINK INC COM 156700106 272 8,526 SH   SOLE NONE 8,526 0 0
CHIPOTLE MEXICAN GRILL, INC. C COM 169656105 384 816 SH   SOLE NONE 816 0 0
DEERE CO COM 244199105 3,200 41,567 SH   SOLE NONE 0 0 41,567
DIAGEO PLC ADR COM 25243Q205 1,795 16,640 SH   SOLE NONE 0 0 16,640
EMERSON ELECTRIC CO. COM 291011104 3,851 70,808 SH   SOLE NONE 0 0 70,808
EXPRESS SCRIPTS COM 30219G108 478 6,954 SH   SOLE NONE 6,954 0 0
EXXON MOBIL CORPORATION COM 30231G102 583 6,971 SH   SOLE NONE 6,971 0 0
FACEBOOK INC CLASS A COM 30303M102 214 1,872 SH   SOLE NONE 1,872 0 0
FIFTH THIRD BANCORP COM 316773100 3,069 183,903 SH   SOLE NONE 0 0 183,903
FIRST TRUST LARGE CAP CORE ALP COM 33734K109 24,531 549,902 SH   SOLE NONE 54,207 0 495,695
FIRST TRUST LARGE CAP VALUE AL COM 33735J101 12,547 308,738 SH   SOLE NONE 0 0 308,738
FIRST TRUST LARGE CAP GR OPP A COM 33735K108 12,065 249,955 SH   SOLE NONE 0 0 249,955
FIRST TRUST ENH SHORT MAT FD COM 33739Q408 1,491 24,924 SH   SOLE NONE 0 0 24,924
FORD MOTOR CO COM 345370860 3,420 253,352 SH   SOLE NONE 0 0 253,352
GENERAL ELECTRIC CO COM 369604103 248 7,796 SH   SOLE NONE 7,796 0 0
GILEAD SCIENCES INC COM 375558103 511 5,559 SH   SOLE NONE 5,559 0 0
GLADSTONE COMMER COM 376536108 344 21,025 SH   SOLE NONE 0 0 21,025
GLAXOSMITHKLINE PLC ADR COM 37733W105 3,490 86,077 SH   SOLE NONE 0 0 86,077
HOME DEPOT, INC. COM 437076102 367 2,752 SH   SOLE NONE 2,752 0 0
HORIZON TECHNOLOGY FINANCE COR COM 44045A102 189 16,277 SH   SOLE NONE 0 0 16,277
INTERNATIONAL BUSINESS MACHINE COM 459200101 3,851 25,428 SH   SOLE NONE 0 0 25,428
INVESTORS REAL ESTATE TRUST COM 461730103 211 29,004 SH   SOLE NONE 0 0 29,004
ISHARES CORE SP 500 COM 464287200 3,049 14,756 SH   SOLE NONE 0 0 14,756
ISHARES CORE US AGGREGATE BOND COM 464287226 91,248 823,314 SH   SOLE NONE 587,165 0 236,149
ISHARES IBOXX $ INVST GRADE CR COM 464287242 26,030 219,074 SH   SOLE NONE 156,627 0 62,447
ISHARES SP 500 GROWTH COM 464287309 151,534 1,307,571 SH   SOLE NONE 914,965 0 392,606
ISHARES SP 500 VALUE COM 464287408 151,154 1,680,791 SH   SOLE NONE 1,175,964 0 504,827
ISHARES 7-10 YEAR TREASURY BON COM 464287440 1,000 9,059 SH   SOLE NONE 0 0 9,059
ISHARES 1-3 YEAR TREASURY BOND COM 464287457 63,016 741,101 SH   SOLE NONE 335,891 0 405,210
ISHARES RUSSELL MID-CAP COM 464287499 3,154 19,357 SH   SOLE NONE 0 0 19,357
ISHARES CORE SP MID-CAP COM 464287507 1,433 9,937 SH   SOLE NONE 0 0 9,937
ISHARES RUSSELL 2000 GROWTH COM 464287648 1,339 10,095 SH   SOLE NONE 10,095 0 0
ISHARES RUSSELL 2000 COM 464287655 443 4,002 SH   SOLE NONE 0 0 4,002
ISHARES US TELECOMMUNICATIONS COM 464287713 2,544 82,771 SH   SOLE NONE 82,328 0 443
ISHARES MSCI ACWI EX US INDEX COM 464288240 74,009 1,874,583 SH   SOLE NONE 1,277,763 0 596,820
ISHARES NATIONAL AMT-FREE MUNI COM 464288414 3,295 29,510 SH   SOLE NONE 0 0 29,510
ISHARES 3-7 YEAR TREASURY BOND COM 464288661 60,057 476,830 SH   SOLE NONE 419,824 0 57,006
ISHARES SHORT TREASURY BOND COM 464288679 12,937 117,224 SH   SOLE NONE 113,562 0 3,662
ISHARES RUSSELL TOP 200 GROWTH COM 464289438 1,332 24,794 SH   SOLE NONE 24,794 0 0
ISHARES RUSSELL TOP 200 COM 464289446 1,332 28,427 SH   SOLE NONE 28,427 0 0
JOHNSON JOHNSON COM 478160104 253 2,341 SH   SOLE NONE 2,341 0 0
MASTERCARD INCORPORATED CLASS COM 57636Q104 521 5,516 SH   SOLE NONE 5,516 0 0
MICROSOFT CORPORATION COM 594918104 360 6,523 SH   SOLE NONE 6,523 0 0
NEW MOUNTAIN FINANCE CORP COM 647551100 372 29,463 SH   SOLE NONE 0 0 29,463
PAYPAL COM 70450Y103 485 12,553 SH   SOLE NONE 12,553 0 0
POWERSHARES DYNAMIC LARGE CAP COM 73935X609 6,664 215,809 SH   SOLE NONE 0 0 215,809
POWERSHARES DYNAMIC LARGE CAP COM 73935X708 6,443 214,337 SH   SOLE NONE 0 0 214,337
T. ROWE PRICE GROUP COM 74144T108 518 7,052 SH   SOLE NONE 7,052 0 0
PROSHARES ULTRASHORT 20+ YEAR COM 74347B201 201 5,447 SH   SOLE NONE 0 0 5,447
ROBERT HALF INTERNATIONAL INC. COM 770323103 441 9,476 SH   SOLE NONE 9,476 0 0
SPDR SP 500 COM 78462F103 178,331 867,704 SH   SOLE NONE 659,474 0 208,230
SPDR MSCI ACWI (EX-US) COM 78463X848 6,561 212,936 SH   SOLE NONE 0 0 212,936
SPDR DOUBLELINE TR TACT ETF COM 78467V848 24,487 495,899 SH   SOLE NONE 376,507 0 119,392
SPDR DOW JONES INDUSTRIAL AVER COM 78467X109 132,494 750,081 SH   SOLE NONE 513,142 0 236,939
HEALTH CARE SELECT SECTOR SPDR COM 81369Y209 1,864 27,497 SH   SOLE NONE 27,497 0 0
CONSUMER STAPLES SELECT SECTOR COM 81369Y308 2,666 50,237 SH   SOLE NONE 50,180 0 57
UTILITIES SELECT SECTOR SPDR E COM 81369Y886 2,289 46,127 SH   SOLE NONE 46,071 0 56
SOLAR CAPITAL, LTD. COM 83413U100 364 21,057 SH   SOLE NONE 0 0 21,057
STARWOOD PROPERTY TRUST, INC. COM 85571B105 305 16,138 SH   SOLE NONE 0 0 16,138
UNITED PARCEL SERVICE INC (UPS COM 911312106 3,603 34,161 SH   SOLE NONE 5,077 0 29,084
UNIVERSAL HEALTH SERVICES, INC COM 913903100 313 2,508 SH   SOLE NONE 2,508 0 0
VANGUARD TOTAL BOND MARKET ETF COM 921937835 360 4,342 SH   SOLE NONE 0 0 4,342
VANGUARD FTSE DEVELOPED MARKET COM 921943858 2,138 59,588 SH   SOLE NONE 0 0 59,588
VANGUARD TOTAL INTL BD IDX ETF COM 92203J407 48,758 893,988 SH   SOLE NONE 680,582 0 213,406
VIACOM, INC. CLASS B COM 92553P201 2,887 69,939 SH   SOLE NONE 0 0 69,939
WAL-MART STORES INC COM 931142103 3,896 56,880 SH   SOLE NONE 7,391 0 49,489
WELLS FARGO CO COM 949746101 203 4,198 SH   SOLE NONE 4,198 0 0
MICHAEL KORS HOLDINGS LTD COM G60754101 492 8,645 SH   SOLE NONE 8,645 0 0
TRANSOCEAN LTD COM H8817H100 341 37,320 SH   SOLE NONE 37,320 0 0
BAY BANCORP INC COM 07203T106 107 22,217 SH   DFND 1 0 0 22,217
DB X-TRACKERS MSCI EAFE HEDGED COM 233051200 10,586 414,503 SH   DFND 1 0 0 414,503
FIRST TRUST DOW JONES INTERNET COM 33733E302 666 9,752 SH   DFND 1 0 0 9,752
FIRST TRUST CONSUMER DISC ALPH COM 33734X101 685 19,463 SH   DFND 1 0 0 19,463
FIRST TRUST CONSUMER STAPLES A COM 33734X119 675 14,640 SH   DFND 1 0 0 14,640
FIRST TRUST ENERGY ALPHADEX COM 33734X127 609 43,138 SH   DFND 1 0 0 43,138
FIRST TRUST UTILITIES ALPHADEX COM 33734X184 680 26,185 SH   DFND 1 0 0 26,185
ISHARES CORE US AGGREGATE BOND COM 464287226 795 7,170 SH   DFND 1 0 0 7,170
ISHARES IBOXX $ INVST GRADE CR COM 464287242 411 3,463 SH   DFND 1 0 0 3,463
ISHARES 20+ YEAR TREASURY BOND COM 464287432 586 4,488 SH   DFND 1 0 0 4,488
ISHARES 7-10 YEAR TREASURY BON COM 464287440 606 5,489 SH   DFND 1 0 0 5,489
ISHARES 1-3 YEAR TREASURY BOND COM 464287457 10,670 125,488 SH   DFND 1 0 0 125,488
ISHARES RUSSELL 1000 GROWTH COM 464287614 6,863 68,781 SH   DFND 1 0 0 68,781
ISHARES GOVERNMENT/CREDIT BOND COM 464288596 614 5,336 SH   DFND 1 0 0 5,336
ISHARES INTERMEDIATE CREDIT BD COM 464288638 613 5,591 SH   DFND 1 0 0 5,591
ISHARES 10-20 YEAR TREASURY BO COM 464288653 615 4,343 SH   DFND 1 0 0 4,343
ISHARES MSCI USA QUALITY FACTO COM 46432F339 6,970 106,216 SH   DFND 1 0 0 106,216
PIMCO 0-5 YEAR HIGH YLD CORP B COM 72201R783 380 4,088 SH   DFND 1 0 0 4,088
SPDR SP 500 COM 78462F103 6,288 30,594 SH   DFND 1 0 0 30,594
SPDR DOUBLELINE TR TACT ETF COM 78467V848 390 7,888 SH   DFND 1 0 0 7,888
VANGUARD SHORT-TERM BOND ETF COM 921937827 3,229 40,047 SH   DFND 1 0 0 40,047
VANGUARD TOTAL BOND MARKET ETF COM 921937835 630 7,612 SH   DFND 1 0 0 7,612
VANGUARD TOTAL WORLD STOCK IND COM 922042742 6,353 110,130 SH   DFND 1 0 0 110,130
VANGUARD EMERGING MARKETS STOC COM 922042858 2,379 68,784 SH   DFND 1 0 0 68,784
VANGUARD MID-CAP ETF COM 922908629 5,696 46,982 SH   DFND 1 0 0 46,982
VANGUARD VALUE ETF COM 922908744 6,311 76,595 SH   DFND 1 0 0 76,595
VANGUARD SMALL CAP ETF COM 922908751 2,845 25,514 SH   DFND 1 0 0 25,514
SPDR S&P 500 ETF TR COM 78462F103 5,138 150,000 SH Call SOLE NONE 0 0 150,000