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 72,201 1,722,372 SH   SOLE   0 0 1,722,372
VANGUARD VALUE ETF ETF 922908744 19,888 243,967 SH   SOLE   0 0 243,967
ALPS ETF TR Alerian MLP ETN 00162Q866 5 445 SH   SOLE   0 0 445
ISHARES MSCI EURZONE ETF ETF 464286608 3,274 93,447 SH   SOLE   0 0 93,447
ISHARES MSCI EMG MKT ETF ETF 464287234 290 9,012 SH   SOLE   0 0 9,012
ISHARES EAFE SML CP ETF ETF 464288273 1,223 24,502 SH   SOLE   0 0 24,502
VANGUARD DIV APP ETF ETF 921908844 1,399 18,003 SH   SOLE   0 0 18,003
WISDOMTREE TR MDCP EARN FUND ETF ETF 97717W570 2,149 24,668 SH   SOLE   0 0 24,668
POWERSHARES FTSE US1500 SM ETF ETF 73935X567 54,166 576,913 SH   SOLE   0 0 576,913
ISHARES CORE SP500 ETF ETF 464287200 15,972 77,961 SH   SOLE   0 0 77,961
XTRAK MSCI EAFE ETF ETF 233051200 1,063 39,151 SH   SOLE   0 0 39,151
ISHARES INTL SEL DIV ETF ETF 464288448 114 3,976 SH   SOLE   0 0 3,976
ISHARES CORE MSCI EMKT ETF ETF 46434G103 18,797 477,215 SH   SOLE   0 0 477,215
ISHARES MODERT ALLOC ETF ETF 464289875 38,131 1,119,854 SH   SOLE   0 0 1,119,854
VANGUARD INTL EQUITY INDEX FD ETF ETF 922042676 56,835 1,112,240 SH   SOLE   0 0 1,112,240
SPDR SERIES TR SP OILGAS EXP ETF ETF 78464A730 11 365 SH   SOLE   0 0 365
ISHARES MSCI EAFE ETF ETF 464287465 35,134 598,341 SH   SOLE   0 0 598,341
SPDR SP INTL SMLCP ETF ETF 78463X871 75 2,676 SH   SOLE   0 0 2,676
ISHARES HDG MSCI EAFE ETF ETF 46434V803 687 27,063 SH   SOLE   0 0 27,063
ISHARES US REGNL BKS ETF ETF 464288778 138 3,950 SH   SOLE   0 0 3,950
ISHARES CORE SP MCP ETF ETF 464287507 33,497 240,438 SH   SOLE   0 0 240,438
ISHARES SP500 VAL ETF ETF 464287408 1,493 16,870 SH   SOLE   0 0 16,870
VANGUARD FTSE EMR MKT ETF ETF 922042858 490 14,993 SH   SOLE   0 0 14,993
VANGUARD EXTEND MKT ETF ETF 922908652 56 672 SH   SOLE   0 0 672
GLOBAL X FDS CHINA FINL ETF ETF 37950E606 4 355 SH   SOLE   0 0 355
CLAYMORE GUGG TIMBER ETF ETF 18383Q879 1 54 SH   SOLE   0 0 54
POWERSHS DB AGRICUL FD ETF 73936B408 1 55 SH   SOLE   0 0 55
POWERSHS DB BASE METALS ETF 73936B705 1 42 SH   SOLE   0 0 42
DBX XTR MSCI EUR ETF ETF 233051853 3 150 SH   SOLE   0 0 150
DBX XTRAK MSCI JAPN ETF ETF 233051507 1 50 SH   SOLE   0 0 50
POWERSHS DB OIL FUND ETF 73936B507 1 50 SH   SOLE   0 0 50
BARCLAYS DJUBS CMDT ETN36 ETN 06738C778 16 761 SH   SOLE   0 0 761
ISHARES TR MSCI KLD400 SOC ETF 464288570 340 4,496 SH   SOLE   0 0 4,496
WISDOMTREE TR JAPN HEDGE EQT ETF 97717W851 10 216 SH   SOLE   0 0 216
FIRST TR FTSE EPRA NAREIT DE ETF 33736N101 2 68 SH   SOLE   0 0 68
ISHARES TR CHINA LG CAP ETF ETF 464287184 1 23 SH   SOLE   0 0 23
SPDR GOLD TRUST ETF 78463V107 88 868 SH   SOLE   0 0 868
SPDR INDEX ASIA PACIF ETF ETF 78463X301 90 1,232 SH   SOLE   0 0 1,232
ISHARES CUR HD MSCI EM ETF 46434G509 2 133 SH   SOLE   0 0 133
ISHARES US BR DEL SE ETF ETF 464288794 8 194 SH   SOLE   0 0 194
ISHARES GOLD TRUST ETF 464285105 1 55 SH   SOLE   0 0 55
ISHARES CORE MSCI EAFE ETF 46432F842 83 1,543 SH   SOLE   0 0 1,543
ISHARES NA TEC SFTWR ETF ETF 464287515 6 63 SH   SOLE   0 0 63
ISHARES US MED DVC ETF ETF 464288810 4 36 SH   SOLE   0 0 36
ISHARES CORE SP SCP ETF ETF 464287804 3 35 SH   SOLE   0 0 35
ISHARES US HOME CONS ETF ETF 464288752 9 364 SH   SOLE   0 0 364
ISHARES RUS 1000 ETF ETF 464287622 9 85 SH   SOLE   0 0 85
ISHARES MICRO CAP ETF ETF 464288869 1 8 SH   SOLE   0 0 8
ISHARES RUS 1000 VAL ETF ETF 464287598 83 852 SH   SOLE   0 0 852
ISHARES RUS 1000 GRW ETF ETF 464288810 85 857 SH   SOLE   0 0 857
ISHARES RUSSELL 2000 ETF ETF 464287655 30 269 SH   SOLE   0 0 269
ISHARES RUS MID CAP ETF ETF 464287499 20 130 SH   SOLE   0 0 130
ISHARES US MDCP VAL ETF ETF 464287473 4 65 SH   SOLE   0 0 65
NUVEEN CR STRATEGIES INCM FD COM 67073D102 1 100 SH   SOLE   0 0 100
SPDR SP MIDCAP 400 ETF ETF 78467Y107 7 28 SH   SOLE   0 0 28
POWERSHARES DYN FD BEV ETF ETF 73935X849 3 117 SH   SOLE   0 0 117
POWERSHARES CEF INC COMPST ETF ETF 73936Q843 13 615 SH   SOLE   0 0 615
RYDEX GUG SP5PP PU VA ETF ETF 78355W304 24 508 SH   SOLE   0 0 508
MARKET VECTORS RETAIL ETF ETF 57060U225 3 40 SH   SOLE   0 0 40
SPDR SERIES DJ REIT ETF ETF 78464A607 3 34 SH   SOLE   0 0 34
SPDR SP 500 ETF ETF 78462F103 1,607 7,884 SH   SOLE   0 0 7,884
CUSHING ENERGY INCOME COM 23162T102 6 800 SH   SOLE   0 0 800
PROSHARES ULT SP 500 ETF 74347R107 7 122 SH   SOLE   0 0 122
VANGUARD TAX MGD FTSE DEV MKT ETF 921943858 66,691 1,816,229 SH   SOLE   0 0 1,816,229
VANGUARD WORLD HEALTH CAR ETF ETF 92204A504 8 65 SH   SOLE   0 0 65
VANGUARD INDEX REIT ETF ETF 922908553 10 126 SH   SOLE   0 0 126
VANGUARD INDEX SP 500 ETF ETF 922908363 14 79 SH   SOLE   0 0 79
SELECT SECTOR SPDR SBI MATERIALS ETF 81369Y100 1 35 SH   SOLE   0 0 35
ISHARES US MED DVC ETF ETF 464288810 4 36 SH   SOLE   0 0 36
SELECT SECTOR SPDR SBI INT ENERGY ETF 81369Y506 8 141 SH   SOLE   0 0 141
SELECT SECTOR SPDR SBI INT FINL ETF 81369Y605 9 399 SH   SOLE   0 0 399
SELECT SECTOR SPDR SBI INT INDS ETF 81369Y704 3 59 SH   SOLE   0 0 59
SELECT SECTOR SPDR TECHNOLOGY ETF 81369Y803 4 97 SH   SOLE   0 0 97
SELECT SECTOR SPDR SBI CONS STPLS ETF 81369Y308 6 131 SH   SOLE   0 0 131
SELECT SECTOR SPDR SBI CONS DISCR ETF 81369Y407 1 25 SH   SOLE   0 0 25