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 - ETF 00162Q866 9,195 520,680 SH   SOLE N/A 0 0 520,680
Claymore Exchange Trd Fd TR Gugg Bull 2015 18383M431 695 25,704 SH   SOLE N/A 0 0 25,704
Claymore Exchange Trd Fd TR Gugg Bull 2016 18383M415 652 23,888 SH   SOLE N/A 0 0 23,888
I Shares iShares Barclays 3-7 Year Treasury - ETF 464288661 628 5,204 SH   SOLE N/A 0 0 5,204
I Shares iShares Barclays Aggregate Bond Fund - ETF 464287226 1,041 9,645 SH   SOLE N/A 0 0 9,645
I shares iShares Barclays TIPS - ETF 464287176 289 2,581 SH   SOLE N/A 0 0 2,581
iShares iShares Core S&P - ETF 464287200 8,279 44,002 SH   SOLE N/A 0 0 44,002
Ishares iShares IBoxx Investment Grade Corporate - ETF 464287242 333 2,843 SH   SOLE N/A 0 0 2,843
iShares iShares JPMorgan USD Emerging Markets - ETF 464287200 307 2,756 SH   SOLE N/A 0 0 2,756
iShares iShares MSCI EAFE - ETF 464287465 305 4,546 SH   SOLE N/A 0 0 4,546
iShares iShares MSCI Germany - ETF 464286806 7,652 244,094 SH   SOLE N/A 0 0 244,094
iShares iShares Russell 2000 - ETF 464287655 8,206 70,538 SH   SOLE N/A 0 0 70,538
I Shares iShares S&P US Preferred Stock - ETF 464288687 263 6,740 SH   SOLE N/A 0 0 6,740
Powershares ETF Powershares High Yield Corporate - ETF 73936T557 782 40,274 SH   SOLE N/A 0 0 40,274
Powershares ETF Powershares Preferreds - ETF 73936T565 160 11,250 SH   SOLE N/A 0 0 11,250
Powershares ETF Powershares S&P 500 High Beta - ETF 73937B829 1,030 33,100 SH   SOLE N/A 0 0 33,100
Powershares ETF Powershares Senior Loan ETF 73936Q769 9,335 376,255 SH   SOLE N/A 0 0 376,255
Schwab Strategic Tr Schwab Emerging Markets - ETF 808524706 285 11,732 SH   SOLE N/A 0 0 11,732
Schwab Strategic Tr Schwab Intermediate-Term Treasury Fund - ETF 808524854 256 4,871 SH   SOLE N/A 0 0 4,871
Schwab Strategic Tr Schwab International Equity - ETF 808524805 335 10,649 SH   SOLE N/A 0 0 10,649
Schwab Strategic Tr Schwab REIT Fund - ETF 808524847 206 6,213 SH   SOLE N/A 0 0 6,213
Schwab Strategic Tr Schwab US Aggregate Bond Fund - ETF 808524839 521 10,180 SH   SOLE N/A 0 0 10,180
Schwab Strategic Tr Schwab US Broad Market - ETF 808524102 1,914 41,883 SH   SOLE N/A 0 0 41,883
Schwab Strategic Tr Schwab US Small Cap - ETF 808524607 1,615 30,132 SH   SOLE N/A 0 0 30,132
Select Sector Spdr Sector Spdr Consumer Fd 81369Y605 7,152 110,501 SH   SOLE N/A 0 0 110,501
Select Sector Spdr Sector SPDR Financial Select - ETF 81369Y209 7,402 331,320 SH   SOLE N/A 0 0 331,320
Select Sector Spdr Sector SPDR Health Fund - ETF 81369Y704 7,587 129,711 SH   SOLE N/A 0 0 129,711
Select Sector Spdr Sector SPDR Industrials - ETF 81369Y100 7,607 145,370 SH   SOLE N/A 0 0 145,370
SPDR Series Tr Sector Spdr Materials Fd 78464A698 7,239 153,112 SH   SOLE N/A 0 0 153,112
SPDR Series Tr Sector SPDR Regional Banking - ETF 78464A417 7,581 183,211 SH   SOLE N/A 0 0 183,211
SPDR Series Tr Sector SPDR Utility Select - ETF 78468R408 604 14,565 SH   SOLE N/A 0 0 14,565
SPDR Series Tr SPDR Barclays Capital High Yield Bond - ETF 78464A425 8,561 207,195 SH   SOLE N/A 0 0 207,195
SPDR Series TR SPDR Barclays Short-Term HY - ETF 78464A359 8,420 271,876 SH   SOLE N/A 0 0 271,876
SPDR Series Tr SPDR Barclays Short-Term Municipal Bond - ETF 922042858 232 9,551 SH   SOLE N/A 0 0 9,551
SPDR Series Tr SPDR Convertable Bond Fund - ETF 922908553 1,012 20,917 SH   SOLE N/A 0 0 20,917
Vanguard Intl Equity Index FTSE EMR Mkt ETF 922042858 413 10,172 SH   SOLE N/A 0 0 10,172
Vanguard Index Funds REIT ETF 922908553 287 4,060 SH   SOLE N/A 0 0 4,060