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
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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
ALPS ETF TR Alerian MLP 00162Q866 689 38,746 SH   SOLE N/A 0 0 38,746
Claymore Exchange Trd Fd TR Gug Bull 2015 18383M431 460 17,231 SH   SOLE N/A 0 0 17,231
Claymore Exchange Trd Fd TR Gug Bull 2014 18383M423 494 18,456 SH   SOLE N/A 0 0 18,456
I Shares Barclays 1-3 Cr ETF 464288646 7,686 72,877 SH   SOLE N/A 0 0 72,877
I Shares Barclays Agg BND FND ETF 464287226 1,001 9,401 SH   SOLE N/A 0 0 9,401
I shares Barclays TIPS ETF 464287176 268 2,440 SH   SOLE N/A 0 0 2,440
iShares Russell 2000 ETF 464287655 7,625 66,097 SH   SOLE N/A 0 0 66,097
Ishares Barclays 3-7 yr Treasury ETF 464288661 610 5,079 SH   SOLE N/A 0 0 5,079
iShares Core SP ETF 464287200 7,619 41,042 SH   SOLE N/A 0 0 41,042
iShares Iboxx Invt Gd Corp ETF 464287242 312 2,732 SH   SOLE N/A 0 0 2,732
iShares JPM USD emg mkt 464288281 284 2,624 SH   SOLE N/A 0 0 2,624
iShares Msci EAFE ETF 464287465 305 4,546 SH   SOLE N/A 0 0 4,546
iShares MSCI Germany ETF 464286806 7,300 229,857 SH   SOLE N/A 0 0 229,857
iShares Msci Japan ETF 464286848 6,721 553,661 SH   SOLE N/A 0 0 553,661
iShares Nasdaq Biotech ETF 464287556 7,105 31,293 SH   SOLE N/A 0 0 31,293
iShares S&P US Pfd ETF 464288687 236 6,411 SH   SOLE N/A 0 0 6,411
Powershares ETF S&P500 High Beta 73937B829 829 27,096 SH   SOLE N/A 0 0 27,096
Powershares ETF Senior Ln Port 73936Q769 8,574 344,627 SH   SOLE N/A 0 0 344,627
Schwab Strategic Tr Emerg Mkt Eq ETF 808524706 247 10,032 SH   SOLE N/A 0 0 10,032
Schwab Strategic Tr Intl Eqty ETF 808524805 305 9,661 SH   SOLE N/A 0 0 9,661
Schwab Strategic Tr US Agg Bnd 808524839 349 6,944 SH   SOLE N/A 0 0 6,944
Schwab Strategic Tr US Brd Mkt ETF 808524102 1,574 34,970 SH   SOLE N/A 0 0 34,970
Schwab Strategic Tr US Dividend Eq 808524797 784 21,399 SH   SOLE N/A 0 0 21,399
Schwab Strategic Tr US Sml Cap ETF 808524607 1,322 25,185 SH   SOLE N/A 0 0 25,185
Select Sector Spdr SBI Int Finl 81369Y605 6,667 305,009 SH   SOLE N/A 0 0 305,009
Select Sector Spdr SBI Healthcare 81369Y209 6,753 121,800 SH   SOLE N/A 0 0 121,800
Select Sector Spdr SBI Int Util 81369Y704 7,112 136,089 SH   SOLE N/A 0 0 136,089
Select Sector Spdr SBI Int Util 81369Y886 517 13,609 SH   SOLE N/A 0 0 13,609
SPDR Series Tr S&P Regl Bk 78464A698 6,897 169,827 SH   SOLE N/A 0 0 169,827
SPDR Series Tr BRC Hgh Yld Bd 78464A417 8,073 199,039 SH   SOLE N/A 0 0 199,039
SPDR Series Tr Sht Trm Hgh Yld 78468R408 7,908 256,337 SH   SOLE N/A 0 0 256,337
SPDR Series Tr BRC Sht Muni 78464A425 202 8,314 SH   SOLE N/A 0 0 8,314
SPDR Series TR BRC Conv Secs ETF 78464A359 475 10,172 SH   SOLE N/A 0 0 10,172
Vanguard Index Fd REIT ETF 922042858 390 9,488 SH   SOLE N/A 0 0 9,488
Vanguard Tax Managed Intl Fd FTSE Dev Mkt ETF 922908553 262 4,060 SH   SOLE N/A 0 0 4,060