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 COM 00206R102 536 12,596 SH   SOLE NONE 12,596 0 0
AMERICAN WTR WKS CO INC NEW CO COM 030420103 247 3,409 SH   SOLE NONE 3,409 0 0
APOLLO COML REAL EST FIN INC C COM 03762U105 195 11,723 SH   SOLE NONE 0 0 11,723
APPLE INC COM COM 037833100 1,900 16,409 SH   SOLE NONE 9,309 0 7,100
ARES CAP CORP COM COM 04010L103 200 12,114 SH   SOLE NONE 0 0 12,114
BCE INC COM NEW COM 05534B760 424 9,813 SH   SOLE NONE 29 0 9,784
BP PLC SPONSORED ADR COM 055622104 536 14,330 SH   SOLE NONE 40 0 14,290
BT GROUP PLC ADR COM 05577E101 795 34,506 SH   SOLE NONE 108 0 34,398
BANCO DE CHILE SPONSORED ADR COM 059520106 429 6,083 SH   SOLE NONE 18 0 6,065
BANCO SANTANDER CHILE NEW SP A COM 05965X109 419 19,163 SH   SOLE NONE 0 0 19,163
BEST BUY INC COM COM 086516101 600 14,069 SH   SOLE NONE 14,069 0 0
BRISTOL MYERS SQUIBB CO COM COM 110122108 343 5,870 SH   SOLE NONE 17 0 5,853
BROWN FORMAN CORP CL B COM 115637209 428 9,520 SH   SOLE NONE 9,520 0 0
CBL ASSOC PPTYS INC COM COM 124830100 131 11,420 SH   SOLE NONE 0 0 11,420
CARDINAL HEALTH INC COM COM 14149Y108 337 4,688 SH   SOLE NONE 14 0 4,674
CISCO SYS INC COM COM 17275R102 886 29,317 SH   SOLE NONE 81 0 29,236
CINTAS CORP COM COM 172908105 554 4,790 SH   SOLE NONE 4,790 0 0
CITIZENS FINL GROUP INC COM COM 174610105 596 16,739 SH   SOLE NONE 16,739 0 0
CLOROX CO DEL COM COM 189054109 883 7,353 SH   SOLE NONE 21 0 7,332
COCA COLA CO COM COM 191216100 672 16,208 SH   SOLE NONE 48 0 16,160
DIAGEO P L C SPON ADR NEW COM 25243Q205 659 6,340 SH   SOLE NONE 20 0 6,320
DOW CHEM CO COM COM 260543103 951 16,612 SH   SOLE NONE 10,378 0 6,234
EASTMAN CHEM CO COM COM 277432100 375 4,983 SH   SOLE NONE 13 0 4,970
EQUIFAX INC COM COM 294429105 393 3,325 SH   SOLE NONE 3,325 0 0
EXXON MOBIL CORP COM COM 30231G102 625 6,926 SH   SOLE NONE 6,926 0 0
FACEBOOK INC CL A COM 30303M102 258 2,244 SH   SOLE NONE 2,244 0 0
FASTENAL CO COM COM 311900104 220 4,683 SH   SOLE NONE 4,683 0 0
FIRST TR EXCH TRADED FD III HO COM 33739P871 358 12,865 SH   SOLE NONE 0 0 12,865
FIRST TR EXCH TRADED FD III HO COM 33739P889 998 49,724 SH   SOLE NONE 0 0 49,724
GENERAL ELECTRIC CO COM COM 369604103 778 24,634 SH   SOLE NONE 24,634 0 0
GILEAD SCIENCES INC COM COM 375558103 757 10,570 SH   SOLE NONE 34 0 10,536
GLADSTONE COML CORP COM COM 376536108 266 13,223 SH   SOLE NONE 0 0 13,223
GLAXOSMITHKLINE PLC SPONSORED COM 37733W105 667 17,324 SH   SOLE NONE 57 0 17,267
HORIZON TECHNOLOGY FIN CORP CO COM 44045A102 108 10,223 SH   SOLE NONE 0 0 10,223
ISHARES TR CORE SP500 ETF COM 464287200 3,238 14,390 SH   SOLE NONE 0 0 14,390
ISHARES TR CORE US AGGBD ET COM 464287226 5,453 50,464 SH   SOLE NONE 0 0 50,464
ISHARES TR MSCI EMG MKT ETF COM 464287234 78,269 2,235,632 SH   SOLE NONE 1,578,358 0 657,274
ISHARES TR IBOXX INV CP ETF COM 464287242 29,977 255,819 SH   SOLE NONE 197,611 0 58,208
ISHARES TR SP 500 GRWT ETF COM 464287309 243,900 2,002,629 SH   SOLE NONE 1,512,880 0 489,749
ISHARES TR SP 500 VAL ETF COM 464287408 363 3,580 SH   SOLE NONE 0 0 3,580
ISHARES TR 7-10 Y TR BD ETF COM 464287440 19,827 189,155 SH   SOLE NONE 146,943 0 42,212
ISHARES TR 1-3 YR TR BD ETF COM 464287457 35,837 424,361 SH   SOLE NONE 293,610 0 130,751
ISHARES TR MSCI EAFE ETF COM 464287465 115,694 2,004,061 SH   SOLE NONE 1,207,411 0 796,650
ISHARES TR RUS MID-CAP ETF COM 464287499 3,356 18,762 SH   SOLE NONE 0 0 18,762
ISHARES TR CORE SP MCP ETF COM 464287507 1,572 9,509 SH   SOLE NONE 0 0 9,509
ISHARES TR RUSSELL 2000 ETF COM 464287655 533 3,954 SH   SOLE NONE 0 0 3,954
ISHARES TR MSCI ACWI EX US COM 464288240 79,265 1,968,330 SH   SOLE NONE 1,968,330 0 0
ISHARES TR NATIONAL MUN ETF COM 464288414 3,340 30,872 SH   SOLE NONE 0 0 30,872
ISHARES TR IBOXX HI YD ETF COM 464288513 14,891 172,048 SH   SOLE NONE 132,738 0 39,310
ISHARES TR 1-3 YR CR BD ETF COM 464288646 1,264 12,045 SH   SOLE NONE 0 0 12,045
ISHARES TR SHRT TRS BD ETF COM 464288679 446 4,042 SH   SOLE NONE 0 0 4,042
ISHARES TR U.S. PFD STK ETF COM 464288687 1,576 42,364 SH   SOLE NONE 0 0 42,364
JPMORGAN CHASE CO COM COM 46625H100 607 7,037 SH   SOLE NONE 7,037 0 0
JOHNSON JOHNSON COM COM 478160104 788 6,837 SH   SOLE NONE 6,837 0 0
KLA-TENCOR CORP COM COM 482480100 714 9,071 SH   SOLE NONE 25 0 9,046
LILLY ELI CO COM COM 532457108 370 5,030 SH   SOLE NONE 14 0 5,016
LOWES COS INC COM COM 548661107 528 7,423 SH   SOLE NONE 7,423 0 0
MAGNA INTL INC COM COM 559222401 519 11,964 SH   SOLE NONE 34 0 11,930
MICROSOFT CORP COM COM 594918104 990 15,932 SH   SOLE NONE 15,932 0 0
MONSANTO CO NEW COM COM 61166W101 344 3,272 SH   SOLE NONE 9 0 3,263
NEW MTN FIN CORP COM COM 647551100 264 18,690 SH   SOLE NONE 0 0 18,690
NOVO-NORDISK A S ADR COM 670100205 367 10,241 SH   SOLE NONE 28 0 10,213
POWERSHARES ETF TRUST FINL PFD COM 73935X229 47,270 2,631,985 SH   SOLE NONE 2,034,328 0 597,657
POWERSHARES ETF TRUST DYNM LRG COM 73935X609 11,926 373,498 SH   SOLE NONE 0 0 373,498
POWERSHARES ETF TR II PWRSHS S COM 73937B654 11,582 295,603 SH   SOLE NONE 0 0 295,603
PRUDENTIAL PLC ADR COM 74435K204 645 16,221 SH   SOLE NONE 44 0 16,177
SPDR INDEX SHS FDS MSCI ACWI E COM 78463X848 6,313 200,465 SH   SOLE NONE 0 0 200,465
SSGA ACTIVE ETF TR SPDR TR TAC COM 78467V848 37,054 765,727 SH   SOLE NONE 591,830 0 173,897
SPDR SER TR BLOOMBERG SRT TR COM 78468R408 66,879 2,416,164 SH   SOLE NONE 1,860,310 0 555,854
SCHEIN HENRY INC COM COM 806407102 400 2,635 SH   SOLE NONE 2,635 0 0
SIMON PPTY GROUP INC NEW COM COM 828806109 468 2,635 SH   SOLE NONE 2,635 0 0
SOLAR CAP LTD COM COM 83413U100 278 13,343 SH   SOLE NONE 0 0 13,343
STARWOOD PPTY TR INC COM COM 85571B105 225 10,235 SH   SOLE NONE 0 0 10,235
TARGET CORP COM COM 87612E106 857 11,858 SH   SOLE NONE 34 0 11,824
TEXTRON INC COM COM 883203101 399 8,219 SH   SOLE NONE 8,219 0 0
UNITED PARCEL SERVICE INC CL B COM 911312106 616 5,374 SH   SOLE NONE 15 0 5,359
VANGUARD BD INDEX FD INC TOTAL COM 921937835 432 5,349 SH   SOLE NONE 0 0 5,349
VANGUARD INDEX FDS SML CP GRW COM 922908595 65,137 489,234 SH   SOLE NONE 384,359 0 104,875
VANGUARD INDEX FDS SM CP VAL E COM 922908611 73,112 604,234 SH   SOLE NONE 465,385 0 138,849
VANGUARD INDEX FDS VALUE ETF COM 922908744 274,601 2,952,379 SH   SOLE NONE 2,172,437 0 779,942
WAL-MART STORES INC COM COM 931142103 714 10,337 SH   SOLE NONE 31 0 10,306
AFLAC INC COM COM 001055102 746 10,716 SH   DFND 1 0 0 10,716
ATT INC COM COM 00206R102 849 19,955 SH   DFND 1 0 0 19,955
ALLSTATE CORP COM COM 020002101 1,571 21,200 SH   DFND 1 0 0 21,200
ALPHABET INC CAP STK CL A COM 02079K305 493 622 SH   DFND 1 0 0 622
ALTRIA GROUP INC COM COM 02209S103 1,022 15,109 SH   DFND 1 0 0 15,109
AMERICAN ELEC PWR INC COM COM 025537101 581 9,232 SH   DFND 1 0 0 9,232
AMPHENOL CORP NEW CL A COM 032095101 544 8,097 SH   DFND 1 0 0 8,097
AUTOZONE INC COM COM 053332102 542 686 SH   DFND 1 0 0 686
BARD C R INC COM COM 067383109 513 2,282 SH   DFND 1 0 0 2,282
BAY BANCORP INC COM COM 07203T106 147 22,217 SH   DFND 1 0 0 22,217
BECTON DICKINSON CO COM COM 075887109 510 3,078 SH   DFND 1 0 0 3,078
BERKSHIRE HATHAWAY INC DEL CL COM 084670702 1,022 6,268 SH   DFND 1 0 0 6,268
CME GROUP INC COM COM 12572Q105 749 6,494 SH   DFND 1 0 0 6,494
CVS HEALTH CORP COM COM 126650100 432 5,473 SH   DFND 1 0 0 5,473
CHURCH DWIGHT INC COM COM 171340102 441 9,979 SH   DFND 1 0 0 9,979
CLOROX CO DEL COM COM 189054109 940 7,829 SH   DFND 1 0 0 7,829
COCA COLA CO COM COM 191216100 1,394 33,624 SH   DFND 1 0 0 33,624
COLGATE PALMOLIVE CO COM COM 194162103 999 15,271 SH   DFND 1 0 0 15,271
COMCAST CORP NEW CL A COM 20030N101 1,386 20,068 SH   DFND 1 0 0 20,068
DBX ETF TR XTRAK MSCI EAFE COM 233051200 7,467 266,110 SH   DFND 1 0 0 266,110
DANAHER CORP DEL COM COM 235851102 847 10,887 SH   DFND 1 0 0 10,887
DISNEY WALT CO COM DISNEY COM 254687106 1,438 13,797 SH   DFND 1 0 0 13,797
DOMINION RES INC VA NEW COM COM 25746U109 602 7,863 SH   DFND 1 0 0 7,863
DR PEPPER SNAPPLE GROUP INC CO COM 26138E109 594 6,550 SH   DFND 1 0 0 6,550
DUKE ENERGY CORP NEW COM NEW COM 26441C204 509 6,561 SH   DFND 1 0 0 6,561
ECOLAB INC COM COM 278865100 848 7,234 SH   DFND 1 0 0 7,234
EDISON INTL COM COM 281020107 497 6,902 SH   DFND 1 0 0 6,902
EXXON MOBIL CORP COM COM 30231G102 540 5,985 SH   DFND 1 0 0 5,985
FEDERAL REALTY INVT TR SH BEN COM 313747206 479 3,368 SH   DFND 1 0 0 3,368
FIRST TR EXCHANGE TRADED FD DJ COM 33733E302 670 8,398 SH   DFND 1 0 0 8,398
FIRST TR NASDAQ100 TECH INDE S COM 337345102 669 12,704 SH   DFND 1 0 0 12,704
FIRST TR EXCHANGE TRADED FD EN COM 33734X127 702 42,524 SH   DFND 1 0 0 42,524
FIRST TR EXCHANGE TRADED FD IN COM 33734X150 620 18,870 SH   DFND 1 0 0 18,870
FIRST TR EXCHANGE TRADED FD UT COM 33734X184 686 25,674 SH   DFND 1 0 0 25,674
FISERV INC COM COM 337738108 570 5,361 SH   DFND 1 0 0 5,361
GENERAL DYNAMICS CORP COM COM 369550108 580 3,362 SH   DFND 1 0 0 3,362
GENERAL ELECTRIC CO COM COM 369604103 787 24,911 SH   DFND 1 0 0 24,911
GENERAL MLS INC COM COM 370334104 574 9,288 SH   DFND 1 0 0 9,288
HOME DEPOT INC COM COM 437076102 665 4,963 SH   DFND 1 0 0 4,963
ISHARES TR CORE US AGGBD ET COM 464287226 4,647 43,004 SH   DFND 1 0 0 43,004
ISHARES TR IBOXX INV CP ETF COM 464287242 2,534 21,625 SH   DFND 1 0 0 21,625
ISHARES TR RUS 1000 GRW ETF COM 464287614 6,071 57,873 SH   DFND 1 0 0 57,873
ISHARES TR IBOXX HI YD ETF COM 464288513 2,013 23,259 SH   DFND 1 0 0 23,259
ISHARES TR USA QUALITY FCTR COM 46432F339 3,796 54,936 SH   DFND 1 0 0 54,936
JOHNSON JOHNSON COM COM 478160104 2,167 18,806 SH   DFND 1 0 0 18,806
KIMBERLY CLARK CORP COM COM 494368103 905 7,926 SH   DFND 1 0 0 7,926
LABORATORY CORP AMER HLDGS COM COM 50540R409 673 5,244 SH   DFND 1 0 0 5,244
LILLY ELI CO COM COM 532457108 482 6,551 SH   DFND 1 0 0 6,551
LOCKHEED MARTIN CORP COM COM 539830109 912 3,647 SH   DFND 1 0 0 3,647
LOEWS CORP COM COM 540424108 587 12,535 SH   DFND 1 0 0 12,535
MARSH MCLENNAN COS INC COM COM 571748102 963 14,252 SH   DFND 1 0 0 14,252
MCCORMICK CO INC COM NON VTG COM 579780206 622 6,664 SH   DFND 1 0 0 6,664
MCDONALDS CORP COM COM 580135101 632 5,193 SH   DFND 1 0 0 5,193
NASDAQ INC COM COM 631103108 600 8,944 SH   DFND 1 0 0 8,944
NORTHROP GRUMMAN CORP COM COM 666807102 1,234 5,305 SH   DFND 1 0 0 5,305
PGE CORP COM COM 69331C108 596 9,810 SH   DFND 1 0 0 9,810
PEPSICO INC COM COM 713448108 1,920 18,353 SH   DFND 1 0 0 18,353
PFIZER INC COM COM 717081103 877 27,015 SH   DFND 1 0 0 27,015
PHILIP MORRIS INTL INC COM COM 718172109 532 5,815 SH   DFND 1 0 0 5,815
POWERSHS DB MULTI SECT COMM DB COM 73936B101 897 64,943 SH   DFND 1 0 0 64,943
POWERSHS DB MULTI SECT COMM DB COM 73936B705 909 60,918 SH   DFND 1 0 0 60,918
PRAXAIR INC COM COM 74005P104 521 4,449 SH   DFND 1 0 0 4,449
PROCTER AND GAMBLE CO COM COM 742718109 1,155 13,736 SH   DFND 1 0 0 13,736
PROGRESSIVE CORP OHIO COM COM 743315103 781 22,005 SH   DFND 1 0 0 22,005
QUEST DIAGNOSTICS INC COM COM 74834L100 644 7,013 SH   DFND 1 0 0 7,013
RAYTHEON CO COM NEW COM 755111507 1,013 7,131 SH   DFND 1 0 0 7,131
REPUBLIC SVCS INC COM COM 760759100 1,509 26,444 SH   DFND 1 0 0 26,444
SPDR SP 500 ETF TR TR UNIT COM 78462F103 12,146 54,339 SH   DFND 1 0 0 54,339
SSGA ACTIVE ETF TR SPDR TR TAC COM 78467V848 2,548 52,649 SH   DFND 1 0 0 52,649
SOUTHERN CO COM COM 842587107 583 11,860 SH   DFND 1 0 0 11,860
STARBUCKS CORP COM COM 855244109 652 11,748 SH   DFND 1 0 0 11,748
SYSCO CORP COM COM 871829107 710 12,829 SH   DFND 1 0 0 12,829
3M CO COM COM 88579Y101 1,273 7,131 SH   DFND 1 0 0 7,131
TORCHMARK CORP COM COM 891027104 635 8,606 SH   DFND 1 0 0 8,606
TRAVELERS COMPANIES INC COM COM 89417E109 664 5,420 SH   DFND 1 0 0 5,420
UNITED PARCEL SERVICE INC CL B COM 911312106 2,274 19,832 SH   DFND 1 0 0 19,832
UNITED TECHNOLOGIES CORP COM COM 913017109 557 5,077 SH   DFND 1 0 0 5,077
UNITEDHEALTH GROUP INC COM COM 91324P102 638 3,985 SH   DFND 1 0 0 3,985
VANGUARD BD INDEX FD INC TOTAL COM 921937835 5,395 66,776 SH   DFND 1 0 0 66,776
VANGUARD INTL EQUITY INDEX F A COM 922042775 5,854 132,500 SH   DFND 1 0 0 132,500
VANGUARD INTL EQUITY INDEX F F COM 922042858 8,729 243,973 SH   DFND 1 0 0 243,973
VANGUARD INDEX FDS MID CAP ETF COM 922908629 11,798 89,627 SH   DFND 1 0 0 89,627
VANGUARD INDEX FDS VALUE ETF COM 922908744 13,842 148,827 SH   DFND 1 0 0 148,827
VANGUARD INDEX FDS SMALL CP ET COM 922908751 8,587 66,585 SH   DFND 1 0 0 66,585
VERIZON COMMUNICATIONS INC COM COM 92343V104 833 15,606 SH   DFND 1 0 0 15,606
VERISK ANALYTICS INC COM COM 92345Y106 523 6,440 SH   DFND 1 0 0 6,440
WASTE MGMT INC DEL COM COM 94106L109 1,305 18,406 SH   DFND 1 0 0 18,406
WisdomTree Japan Hedged Equity COM 97717W851 12,385 250,000 SH Call SOLE NONE 0 0 250,000
iShares Russell 2000 COM 464287655 21,576 160,000 SH Put SOLE NONE 0 0 160,000