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
ANNALY CAP MGMT INC COM 035710409 405 42,000 SH   SOLE   0 0 42,000
APPLE INC COM 037833100 381 4,036 SH   SOLE   0 0 4,036
ARROW INVTS TR DWA TACTICAL ETF 042765792 617 62,298 SH   SOLE   0 0 62,298
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 425 3,385 SH   SOLE   0 0 3,385
BLACKROCK MUN INCOME TR SH BEN INT 09248F109 389 26,399 SH   SOLE   0 0 26,399
BLACKROCK MUNIHLDS INVSTM QL COM 09254P108 145 10,000 SH   SOLE   0 0 10,000
BRYN MAWR BK CORP COM 117665109 258 10,096 SH   SOLE   0 0 10,096
FIRST TR EXCHANGE TRADED FD NY ARCA BIOTECH 33733E203 17,683 156,463 SH   SOLE   0 0 156,463
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 17,105 229,261 SH   SOLE   0 0 229,261
FIRST TR EXCHANGE TRADED FD CONSUMR DISCRE 33734X101 14,741 432,300 SH   SOLE   0 0 432,300
FIRST TR EXCHANGE TRADED FD CONSUMR STAPLE 33734X119 16,120 362,657 SH   SOLE   0 0 362,657
FIRST TR EXCHANGE TRADED FD HLTH CARE ALPH 33734X143 15,654 258,957 SH   SOLE   0 0 258,957
HI-CRUSH PARTNERS LP COM UNIT LTD 428337109 61 10,000 SH   SOLE   0 0 10,000
INTERDIGITAL INC COM 45867G101 3,377 77,329 SH   SOLE   0 0 77,329
INVESCO ADVANTAGE MUNICIPAL SH BEN INT 46132E103 118 10,000 SH   SOLE   0 0 10,000
INVESCO MUN OPPORTUNITY TR COM 46132C107 132 10,000 SH   SOLE   0 0 10,000
INVESCO TR INVT GRADE MUNS COM 46131M106 200 15,000 SH   SOLE   0 0 15,000
ISHARES EM MK MINVOL ETF 464286533 7,846 161,231 SH   SOLE   0 0 161,231
ISHARES AGGRES ALLOC ETF 464289859 208 4,635 SH   SOLE   0 0 4,635
ISHARES TR CORE US AGGBD ET 464287226 878 8,128 SH   SOLE   0 0 8,128
ISHARES TR MSCI EMG MKT ETF 464287234 1,379 42,845 SH   SOLE   0 0 42,845
ISHARES TR IBOXX INV CP ETF 464287242 12,219 107,178 SH   SOLE   0 0 107,178
ISHARES TR 7-10 Y TR BD ETF 464287440 12,473 118,127 SH   SOLE   0 0 118,127
ISHARES TR RUS 1000 ETF 464287622 587 5,183 SH   SOLE   0 0 5,183
ISHARES TR CORE S&P SCP ETF 464287804 263 2,388 SH   SOLE   0 0 2,388
ISHARES TR MRG RL ES CP ETF 464288539 105 10,984 SH   SOLE   0 0 10,984
ISHARES TR GOV/CRED BD ETF 464288596 12,534 110,508 SH   SOLE   0 0 110,508
ISHARES TR INTERM CR BD ETF 464288638 11,586 107,994 SH   SOLE   0 0 107,994
ISHARES TR 10-20 YR TRS ETF 464288653 12,242 91,213 SH   SOLE   0 0 91,213
ISHARES TR EAFE MIN VOL ETF 46429B689 11,256 173,516 SH   SOLE   0 0 173,516
LAUDER ESTEE COS INC CL A 518439104 1,578 18,556 SH   SOLE   0 0 18,556
LINCOLN NATL CORP IND COM 534187109 303 8,080 SH   SOLE   0 0 8,080
NUCOR CORP COM 670346105 4,749 123,370 SH   SOLE   0 0 123,370
POWERSHARES ETF TRUST DWA MOMENTUM PTF 73935X153 52,333 1,265,000 SH   SOLE   0 0 1,265,000
PROSHARES TR ALTRNTV SOLUTN 74347B813 367 9,898 SH   SOLE   0 0 9,898
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 609 8,461 SH   SOLE   0 0 8,461
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 247 4,896 SH   SOLE   0 0 4,896
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 615 14,350 SH   SOLE   0 0 14,350
SPDR S&P 500 ETF TR TR UNIT 78462F103 486 2,383 SH   SOLE   0 0 2,383
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 720 2,835 SH   SOLE   0 0 2,835
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 294 6,797 SH   SOLE   0 0 6,797
VANGUARD INDEX FDS REIT ETF 922908553 221 2,776 SH   SOLE   0 0 2,776
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 326 6,388 SH   SOLE   0 0 6,388
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 231 7,074 SH   SOLE   0 0 7,074
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 739 20,131 SH   SOLE   0 0 20,131
VANGUARD WORLD FDS ENERGY ETF 92204A306 250 3,008 SH   SOLE   0 0 3,008