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
Apple Inc. COM 037833100 1,216 12,717 SH   DFND   0 12,717 0
ABBVIE INC. COM 00287Y109 592 9,560 SH   DFND   0 9,560 0
ACADIA PHARMACEUTICALS INC COM COM 004225108 230 7,100 SH   DFND   0 7,100 0
Amtrust Finl Svcs Inc Com COM 032359309 220 8,990 SH   DFND   0 8,990 0
iShares Core Total US Bond Market ETF ETF 464287226 476 4,225 SH   DFND   0 4,225 0
Argan Inc Com COM 04010E109 285 6,841 SH   DFND   0 6,841 0
ANIKA THERAPEUTICS INC COM COM 035255108 484 9,018 SH   DFND   0 9,018 0
AU Optronics Corp COM 002255107 44 12,600 SH   DFND   0 12,600 0
Yamana Gold Inc Com Npv COM 98462Y100 87 16,758 SH   DFND   0 16,758 0
NATUS MEDICAL INC DEL COM COM 639050103 338 8,954 SH   DFND   0 8,954 0
Coeur D Alene Mines Corp COM 192108504 125 11,693 SH   DFND   0 11,693 0
CADENCE DESIGN SYSTEM INC COM COM 127387108 895 36,850 SH   DFND   0 36,850 0
Cerner Corp COM 156782104 382 6,511 SH   DFND   0 6,511 0
Chemed Corp New COM 16359R103 789 5,787 SH   DFND   0 5,787 0
Cummins Inc Formerlycummins Engine Inc COM 231021106 1,694 15,067 SH   DFND   0 15,067 0
Cinemark Hldgs Inc Com COM 17243V102 1,849 50,710 SH   DFND   0 50,710 0
Capital One Financial Corporation COM 14040H105 238 3,748 SH   DFND   0 3,748 0
Cooper-Standard Holdings Inc COM 21676P103 301 3,812 SH   DFND   0 3,812 0
Computer Sciences Corp COM 205363104 2,990 60,230 SH   DFND   0 60,230 0
Cisco Systems Inc COM 17275R102 864 30,107 SH   DFND   0 30,107 0
Centurytel Inc COM 156700106 2,685 92,554 SH   DFND   0 92,554 0
SPDR Barclays Conv Secs ETF ETF 78464A359 1,855 42,319 SH   DFND   0 42,319 0
Dean Foods Company COM 242370203 1,213 67,033 SH   DFND   0 67,033 0
Walt Disney Co COM 254687106 603 6,165 SH   DFND   0 6,165 0
Duke Energy Corp COM 26441C204 259 3,014 SH   DFND   0 3,014 0
iShares Dow Jones Select Dividend ETF 464287168 1,550 18,173 SH   DFND   0 18,173 0
iShares Inc Mcsi Chile Investable ETF 464286640 788 21,420 SH   DFND   0 21,420 0
iShares MSCI Emerging Markets Asia ETF 464286426 846 16,202 SH   DFND   0 16,202 0
iShares MSCI EAFE Index ETF 464287465 1,686 30,198 SH   DFND   0 30,198 0
iShares JPMorgan USD Emerging Mkts Bond ETF 464288281 1,184 10,283 SH   DFND   0 10,283 0
iShares S&P Emerging Mkts ETF 464288216 822 27,615 SH   DFND   0 27,615 0
First Tr Etf IV North Amern Energy Infra ETF 33738D101 427 17,303 SH   DFND   0 17,303 0
iShares MSCI Philippines Invstb Mkt Idx ETF 46429B408 693 17,701 SH   DFND   0 17,701 0
iShares Tr Msci Poland Investable ETF 46429B606 655 38,606 SH   DFND   0 38,606 0
iShares Tr Msci All Peru Capped Index Fd ETF 464289842 606 19,608 SH   DFND   0 19,608 0
iShares MSCI Australia Index ETF 464286103 415 21,341 SH   DFND   0 21,341 0
iShares MSCI Sweden Index ETF 464286756 405 14,821 SH   DFND   0 14,821 0
iShares MSCI Germany ETF 464286806 406 16,863 SH   DFND   0 16,863 0
iShares MSCI Hong Kong Index ETF 464286871 458 23,408 SH   DFND   0 23,408 0
iShares MSCI Malaysia Index ETF 464286830 768 92,589 SH   DFND   0 92,589 0
iShares MSCI Netherlands ETF 464286814 429 18,544 SH   DFND   0 18,544 0
iShares MSCI Austria Index Fund ETF 464286202 401 28,296 SH   DFND   0 28,296 0
iShares MSCI Singapore Index ETF 464286673 444 40,814 SH   DFND   0 40,814 0
iShares MSCI Taiwan Index Fd ETF 464286731 642 45,694 SH   DFND   0 45,694 0
iShares MSCI United Kingdom Ind Fund ETF 46434V548 350 22,799 SH   DFND   0 22,799 0
SPDR S&P Emerging Markets Small Cap ETF 78463X756 1,223 31,072 SH   DFND   0 31,072 0
iShares MSCI South Korea Index Fund ETF 464286772 446 8,568 SH   DFND   0 8,568 0
Facebook Inc Com Usd0.000006 Cl A COM 30303M102 445 3,897 SH   DFND   0 3,897 0
Fiserv Inc COM 337738108 373 3,427 SH   DFND   0 3,427 0
FS INVT CORP COM COM 302635107 367 40,552 SH   DFND   0 40,552 0
iShares FTSE NAREIT Real Estate 50 ETF 464288521 1,603 31,021 SH   DFND   0 31,021 0
General Electric Company COM 369604103 342 10,870 SH   DFND   0 10,870 0
Gilead Sciences Inc COM 375558103 432 5,174 SH   DFND   0 5,174 0
SPDR GOLD SHARES ETF 78463V107 677 5,353 SH   DFND   0 5,353 0
Gulfmark Offshore Inc COM 402629208 110 35,133 SH   DFND   0 35,133 0
GLOBUS MED INC CL A COM 379577208 950 39,876 SH   DFND   0 39,876 0
GLOBAL NET LEASE INC COM COM 379378102 152 19,103 SH   DFND   0 19,103 0
Google Cl. C COM 02079K107 303 437 SH   DFND   0 437 0
Google Cl. A COM 02079K305 244 347 SH   DFND   0 347 0
Guggenheim China Small Cap ETF 18383Q853 549 24,766 SH   DFND   0 24,766 0
HARMAN INTL INDS INC COM COM 413086109 553 7,702 SH   DFND   0 7,702 0
Home Depot, Inc. COM 437076102 822 6,434 SH   DFND   0 6,434 0
H &E Equipment Services Inc Com Isin #us COM 404030108 1,653 86,854 SH   DFND   0 86,854 0
Healthsouth Corp Com New COM 421924309 1,442 37,156 SH   DFND   0 37,156 0
HILTON WORLDWIDE HLDGS INC COM COM 43300A104 541 24,000 SH   DFND   0 24,000 0
HOME BANCSHARES INC COM COM 436893200 232 11,714 SH   DFND   0 11,714 0
iShares Tr Iboxx High Yield Corp ETF 464288513 248 2,931 SH   DFND   0 2,931 0
Advisorshares Tr Peritus High Yield ETF ETF 00768Y503 350 10,345 SH   DFND   0 10,345 0
Iberiabank Corp Com Isin #us4508281080 S COM 450828108 2,121 35,512 SH   DFND   0 35,512 0
International Business Machines Corp COM 459200101 1,862 12,266 SH   DFND   0 12,266 0
iShares C&S Realty Maj ETF 464287564 720 6,650 SH   DFND   0 6,650 0
ishares Msci Europe Small-Cap ETF 464288497 1,641 39,421 SH   DFND   0 39,421 0
ISHARES S&P MID-CAP 400 VALUE ETF ETF 464287705 1,454 11,354 SH   DFND   0 11,354 0
iShares S&P Smallcap 600 Value Index ETF 464287879 1,394 11,936 SH   DFND   0 11,936 0
iShares MSCI India ETF 46429B598 741 26,529 SH   DFND   0 26,529 0
World Fuel Services Corp COM 981475106 207 4,366 SH   DFND   0 4,366 0
ishares Core US Value ETF ETF 464287663 1,291 9,616 SH   DFND   0 9,616 0
iShares S&P 500 Index ETF 464287200 859 4,082 SH   DFND   0 4,082 0
ISHARES S&P 500 GROWTH ETF ETF 464287309 2,238 19,194 SH   DFND   0 19,194 0
ISHARES RUSSELL 2000 ETF ETF 464287655 230 1,999 SH   DFND   0 1,999 0
iShares Russell MC Idx ETF 464287499 1,122 6,672 SH   DFND   0 6,672 0
iShares Tr S&P Global Info ETF 464287291 1,129 11,604 SH   DFND   0 11,604 0
iShares DJ US Healthcare Sector ETF 464287762 1,521 10,253 SH   DFND   0 10,253 0
iShares Tr Dow Jones U S Real Estate ETF 464287739 220 2,668 SH   DFND   0 2,668 0
iShares DJ US Tech Sect Index ETF 464287721 461 4,377 SH   DFND   0 4,377 0
Henry Jack & Associates Inc COM 426281101 711 8,144 SH   DFND   0 8,144 0
Johnson & Johnson COM 478160104 2,069 17,059 SH   DFND   0 17,059 0
JP Morgan Chase & Co. COM 46625H100 1,171 18,840 SH   DFND   0 18,840 0
iShares S&P Global Utilities ETF 464288711 494 10,010 SH   DFND   0 10,010 0
Knight Cap Group Inc COM 48244B100 150 11,242 SH   DFND   0 11,242 0
Kinder Morgan Inc COM 49456B101 1,108 59,212 SH   DFND   0 59,212 0
Coca Cola Company, Inc. COM 191216100 387 8,530 SH   DFND   0 8,530 0
LOCKHEED MARTIN CORP COM COM 539830109 271 1,093 SH   DFND   0 1,093 0
iShares GS $ InvesTop Corporate Bond ETF 464287242 208 1,696 SH   DFND   0 1,696 0
Lam Research Corp COM 512807108 332 3,946 SH   DFND   0 3,946 0
LADENBURG THALMAN FIN SVCS INC PFD SER A % PFD 50575Q201 307 12,705 SH   DFND   0 12,705 0
McKesson Corporation COM 58155Q103 2,579 13,816 SH   DFND   0 13,816 0
MIDCAP SPDR TRUST, SERIES 1 ETF 78467Y107 1,399 5,139 SH   DFND   0 5,139 0
Credit Suisse Nassau Etn Lkd To Cusing ETN 22542D852 1,066 50,083 SH   DFND   0 50,083 0
Altria Group Inc COM 02209S103 981 14,222 SH   DFND   0 14,222 0
MONOGRAM RESIDENTIAL TR INC COM COM 60979P105 173 16,915 SH   DFND   0 16,915 0
Microsoft Corporation COM 594918104 1,258 24,592 SH   DFND   0 24,592 0
Mitsubishi Ufj Finl Group Inc Sponsored ADR 606822104 45 10,164 SH   DFND   0 10,164 0
Murphy Oil Corporation COM 626717102 2,182 68,738 SH   DFND   0 68,738 0
NETFLIX INC COM COM 64110L106 226 2,471 SH   DFND   0 2,471 0
NAVIOS MARITIME PARTNERS L P UNIT LPI COM Y62267102 20 15,322 SH   DFND   0 15,322 0
National Oilwell Varco Inc COM 637071101 281 8,363 SH   DFND   0 8,363 0
Northstar Rlty Fin Corp Com COM 66704R803 139 12,192 SH   DFND   0 12,192 0
Nvidia Corp COM 67066G104 2,604 55,383 SH   DFND   0 55,383 0
NEW YORK REIT INC COM COM 64976L109 277 29,923 SH   DFND   0 29,923 0
Realty Income Corp COM 756109104 3,066 44,211 SH   DFND   0 44,211 0
Owens Corning New Com COM 690742101 256 4,966 SH   DFND   0 4,966 0
OMEGA HEALTHCARE INVS INC COM COM 681936100 836 24,623 SH   DFND   0 24,623 0
PROCTER & GAMBLE CO COM COM 742718109 429 5,069 SH   DFND   0 5,069 0
Pimco High Income Fund COM SHS 722014107 400 41,105 SH   DFND   0 41,105 0
Powershares ETF Trust II Intl ETF 73936Q835 925 35,781 SH   DFND   0 35,781 0
REYNOLDS AMERICAN INC COM COM 761713106 255 4,723 SH   DFND   0 4,723 0
iShares MSCI EAFE Small-Cap ETF 464288273 439 9,107 SH   DFND   0 9,107 0
ISHARES SILVER TRUST ETF 46428Q109 597 33,409 SH   DFND   0 33,409 0
Spdr Ser Tr Dj Wilshire Small Cap ETF 78464A300 1,044 10,437 SH   DFND   0 10,437 0
SUPER MICRO COMPUTER INC COM COM 86800U104 377 15,166 SH   DFND   0 15,166 0
SANCHEZ ENERGY CORP COM COM 79970Y105 249 35,220 SH   DFND   0 35,220 0
State Natl Cos Inc Com COM 85711T305 119 11,321 SH   DFND   0 11,321 0
The Southern Company COM 842587107 389 7,245 SH   DFND   0 7,245 0
SORL Auto Parts Inc COM 78461U101 38 20,541 SH   DFND   0 20,541 0
SPARTON CORP COM COM 847235108 729 33,478 SH   DFND   0 33,478 0
Spdr Ser Tr Dj Wilshire Large Cap ETF 78464A508 406 4,044 SH   DFND   0 4,044 0
Ssga Active Etf Tr Blackstone / Gso SR L ETF 78467V608 264 5,643 SH   DFND   0 5,643 0
SYNCHRONY FINL COM COM 87165B103 1,079 42,685 SH   DFND   0 42,685 0
AT&T COM 00206R102 418 9,677 SH   DFND   0 9,677 0
Target Corp COM 87612E106 1,982 28,384 SH   DFND   0 28,384 0
TRECORA RES COM COM 894648104 419 40,173 SH   DFND   0 40,173 0
The Travelers Cos Inc COM 89417E109 1,823 15,315 SH   DFND   0 15,315 0
Tyson Foods Incorporated COM 902494103 344 5,147 SH   DFND   0 5,147 0
Total System Services Inc COM 891906109 561 10,569 SH   DFND   0 10,569 0
UnumProvident Corporation COM 91529Y106 1,581 49,734 SH   DFND   0 49,734 0
United Rentals Inc COM 911363109 255 3,793 SH   DFND   0 3,793 0
VISA INC COM CL A COM 92826C839 638 8,608 SH   DFND   0 8,608 0
Vanguard Inter-Term Corporate Bond BD ETF 92206C870 987 11,043 SH   DFND   0 11,043 0
Vanguard Europe Pacific ETF ETF 921943858 1,404 39,700 SH   DFND   0 39,700 0
VEREIT INC COM COM 92339V100 539 53,123 SH   DFND   0 53,123 0
Market Vectors Etf Tr Vietnam Etf ETF 92189F817 608 41,578 SH   DFND   0 41,578 0
Vanguard Index Fds S&P 500 Etf Shs ETF 922908363 5,471 28,466 SH   DFND   0 28,466 0
Ventas Inc COM 92276F100 358 4,920 SH   DFND   0 4,920 0
Vanguard Emerging Markets Stock ETF ETF 922042858 3,402 96,575 SH   DFND   0 96,575 0
WESTERN ALLIANCE BANCORP COM COM 957638109 272 8,332 SH   DFND   0 8,332 0
Spdr Ser Tr Db Intl Govt Inflation BD ETF 78464A490 808 14,712 SH   DFND   0 14,712 0
Wal-Mart Stores Inc COM 931142103 3,333 45,652 SH   DFND   0 45,652 0
Wyndham Worldwide Corp COM 98310W108 1,719 24,134 SH   DFND   0 24,134 0
SPDR Ser Tr S&P Biotech Etf ETF 78464A870 377 6,966 SH   DFND   0 6,966 0
EXXON MOBIL CORP COM COM 30231G102 958 10,218 SH   DFND   0 10,218 0
Xerox Corporation COM 984121103 144 15,202 SH   DFND   0 15,202 0
YAHOO INC COM COM 984332106 573 15,247 SH   DFND   0 15,247 0