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
SPDR KBW REGIONAL BANKING ETF ETF 78464A698 74,844 1,839,913 SH   SOLE   0 0 1,839,913
VANGUARD VALUE ETF ETF 922908744 42,494 502,952 SH   SOLE   0 0 502,952
JPM ALERIAN MLP ETN ETN 46625H365 123 2,680 SH   SOLE   0 0 2,680
ISHARES EMU ETF ETF 464286608 329 6,599 SH   SOLE   0 0 6,599
ISHARES MSCI EMG MKT ETF ETF 464287234 346 8,813 SH   SOLE   0 0 8,813
ISHARES EAFE SML CP ETF ETF 464288273 357 7,648 SH   SOLE   0 0 7,648
VANGUARD DIV APP ETF ETF 921908844 1,444 17,799 SH   SOLE   0 0 17,799
WISDOMTREE TR MDCP EARN FUND ETF ETF 97717W570 1,442 15,567 SH   SOLE   0 0 15,567
POWERSHARES FTSE US1500 SM ETF ETF 73935X567 728 7,229 SH   SOLE   0 0 7,229
ISHARES CORE SP500 ETF ETF 464287200 3,071 14,848 SH   SOLE   0 0 14,848
XTRAK MSCI EAFE ETF ETF 233051200 677 25,108 SH   SOLE   0 0 25,108
ISHARES INTL SEL DIV ETF ETF 464288448 44,981 1,335,146 SH   SOLE   0 0 1,335,146
ISHARES CORE MSCI EMKT ETF ETF 46434G103 363 7,731 SH   SOLE   0 0 7,731
FIRST TR NASD TECH DIV ETF ETF 33738R118 46,572 1,682,636 SH   SOLE   0 0 1,682,636
SPDR SERIES TR SP OILGAS EXP ETF ETF 78464A730 113 2,378 SH   SOLE   0 0 2,378