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
AT&T INC COM 00206R102 308 9,169 SH   DFND   0 0 9,169
ABBOTT LABORATORIES COM 002824100 1,213 26,940 SH   DFND   0 0 26,940
ALTRIA GROUP INC COM 02209S103 363 7,374 SH   DFND   0 0 7,374
APPLE INC COM 037833100 2,518 22,812 SH   DFND   0 0 22,812
AXOGEN INC COM 05463X106 36 10,000 SH   DFND   0 0 10,000
BERKSHIRE HATHAWAY NEW CLASS B COM 084670702 213 1,420 SH   DFND   0 0 1,420
BERKSHIRE HTWY CL.A 100 SHS=1 WHOLE 084990175 678 300 SH   DFND   0 0 300
BROCADE COMMUNICATIONS SYSTEMS COM 111621306 1,119 94,550 SH   DFND   0 0 94,550
CADENCE DESIGN SYSTEMS INC COM 127387108 508 26,800 SH   DFND   0 0 26,800
CHEVRON CORP NEW COM 166764100 886 7,901 SH   DFND   0 0 7,901
GUGGENHEIM BULLETSHS 2017 HIGH YIELD CORP B 18383M399 5,800 223,520 SH   DFND   1,070 0 222,450
GUGGENHEIM BULLETSHS 2017 CORPORATE BOND ET 18383M548 2,228 98,110 SH   DFND   0 0 98,110
GUGGENHEIM BULLETSHS 2016 CORP BOND ETF 18383M555 6,602 298,740 SH   DFND   7,550 0 291,190
GUGGENHEIM BULLETSHS 2015 CORP BOND ETF 18383M563 4,389 202,520 SH   DFND   570 0 201,950
DETTO TECHNOLOGIES INC COM 251463105 0 32,000 SH   DFND   0 0 32,000
DISNEY WALT CO (HOLDING CO) COM 254687106 1,989 21,114 SH   DFND   0 0 21,114
EBAY INC COM 278642103 283 5,040 SH   DFND   0 0 5,040
EDISON INTERNATIONAL COM 281020107 241 3,688 SH   DFND   0 0 3,688
ROBO-STOX GLOBAL ROBOTICS ETF COM 301505707 1,136 44,185 SH   DFND   300 0 43,885
EXXON MOBIL CORP (NEW) COM 30231G102 672 7,271 SH   DFND   0 0 7,271
F5 NETWORKS INC. COM 315616102 513 3,930 SH   DFND   0 0 3,930
FORWARD AIR CORPORATION COM 349853101 1,072 21,280 SH   DFND   0 0 21,280
INTEL CORP COM 458140100 1,529 42,130 SH   DFND   0 0 42,130
iSHARES S&P MIDCAP 400 GRWTH COM 464287606 852 5,335 SH   DFND   60 0 5,275
iSHARES S&P EURO 35O IDX COM 464287861 963 22,650 SH   DFND   170 0 22,480
iSHARES MICRO-CAP ETF COM 464288869 2,777 36,080 SH   DFND   180 0 35,900
iSHARES MSCI CHINA COM 46429B671 4,443 88,460 SH   DFND   450 0 88,010
JOHNSON& JOHNSON COM 478160104 210 2,009 SH   DFND   0 0 2,009
MARKET VECTORS OIL SVCS ETF COM 57060U191 3,053 84,985 SH   DFND   305 0 84,680
MARSH& MCLENNAN COS INC COM 571748102 1,114 19,460 SH   DFND   0 0 19,460
MASTERCARD INCORPORATED COM 57636Q104 1,135 13,170 SH   DFND   0 0 13,170
MERCK& CO. INC. COM 58933Y105 250 4,400 SH   DFND   0 0 4,400
MICROSOFT CORP COM 594918104 1,371 29,510 SH   DFND   0 0 29,510
NVR, INC COM 62944T105 570 447 SH   DFND   0 0 447
NORTHERN GRAPHITE CORP F COM 66516A105 11 20,000 SH   DFND   0 0 20,000
NOVAGOLD RES INC NEW F COM 66987E206 524 177,500 SH   DFND   0 0 177,500
ORANGE COUNTY BUS BANK COM 684193105 173 27,832 SH   DFND   0 0 27,832
PFIZER INC COM 717081103 433 13,916 SH   DFND   0 0 13,916
PIMCO ENHANCED SHORT MAT ETF COM 72201R833 414 4,100 SH   DFND   0 0 4,100
POWERSHARES QQQ COM 73935A104 9,313 90,197 SH   DFND   540 0 89,657
PROCTER AND GAMBLE COMPANY COM 742718109 222 2,432 SH   DFND   0 0 2,432
GUGGENHEIM S&P EQ WEIGHT TECH COM 78355W817 3,926 43,260 SH   DFND   240 0 43,020
GUGGENHEIM S&P 500 EQUAL WEIGHT HEALTH CA 78355W841 993 6,965 SH   DFND   60 0 6,905
SPDR MSCI ACWI (ex-US) COM 78463X848 323 9,654 SH   DFND   0 0 9,654
SPDR S&P HI YLD DIV ETF COM 78464A763 11,829 150,120 SH   DFND   565 0 149,555
ST JUDE MEDICAL INC COM 790849103 1,194 18,360 SH   DFND   0 0 18,360
SANDISK CORP COM 80004C101 1,551 15,830 SH   DFND   0 0 15,830
SCHWAB US BROAD MKT ETF COM 808524102 494 9,915 SH   DFND   0 0 9,915
SCHWAB US LARGE CAP GROWTH ETF COM 808524300 6,401 123,595 SH   DFND   280 0 123,315
SECTOR SPDR ENERGY SELECT SHS COM 81369Y506 3,719 46,975 SH   DFND   170 0 46,805
SECTOR SPDR FINCL SELECT SHS COM 81369Y605 4,789 193,645 SH   DFND   1,020 0 192,625
SKYWORKS SOLUTIONS INC COM 83088M102 1,363 18,740 SH   DFND   0 0 18,740
STRYKER CORP COM 863667101 1,231 13,055 SH   DFND   0 0 13,055
TORCHMARK CORP COM 891027104 976 18,020 SH   DFND   0 0 18,020
VANGUARD DIV APPRECIATION ETF COM 921908844 8,042 99,085 SH   DFND   355 0 98,730
VANGUARD INTER-TRM BOND ETF COM 921937819 487 5,750 SH   DFND   0 0 5,750
VANGUARD US LRG CAP GR IND ETF COM 922908736 5,845 55,995 SH   DFND   0 0 55,995
WAL-MART STORES INC COM 931142103 310 3,608 SH   DFND   0 0 3,608
WELLS FARGO& CO (NEW) COM 949746101 1,162 21,199 SH   DFND   0 0 21,199
LAZARD LTD COM G54050102 992 19,820 SH   DFND   0 0 19,820
TE CONNECTIVITY LTD COM H84989104 1,247 19,720 SH   DFND   0 0 19,720
AVAGO TECHNOLOGIES LIMITED COM Y0486S104 1,702 16,920 SH   DFND   0 0 16,920