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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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
ALPHA ARCHITECT ETF TR VALUESHS US QUNT 02072l102 2,853 92,889 SH   SOLE   92,889 0 0
ALPHA ARCHITECT ETF TR VALUESHS US QUNT 02072l102 2,017 65,695 SH   OTR 1 65,695 0 0
BARCLAYS BK PLC DJUBS CMDT ETN36 06738c778 2,195 89,907 SH   OTR 1 89,907 0 0
BARCLAYS BK PLC DJUBS CMDT ETN36 06738c778 4,675 191,537 SH   SOLE   191,537 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG S&P GBL WTR 18383Q507 7,596 213,732 SH   SOLE   213,732 0 0
DBX ETF TR XTRACK MSCI EAFE 233051200 4,098 128,946 SH   OTR 1 128,946 0 0
DBX ETF TR XTRACK MSCI EAFE 233051200 3,487 109,735 SH   SOLE   109,735 0 0
FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738d101 362 14,760 SH   OTR 1 14,760 0 0
FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738d101 1,757 71,524 SH   SOLE   71,524 0 0
ISHARES INC CUR HD MSCI EM 46434g509 4,231 159,676 SH   OTR 1 159,676 0 0
ISHARES INC CUR HD MSCI EM 46434g509 2,373 89,533 SH   SOLE   89,533 0 0
ISHARES TR 1 3 YR CR BD ETF 464288646 501 4,790 SH   SOLE   4,790 0 0
ISHARES TR 1 3 YR TREAS BD 464287457 499 5,951 SH   SOLE   5,951 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440 163 1,545 SH   OTR 1 1,545 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440 2,756 26,102 SH   SOLE   26,102 0 0
ISHARES TR CORE S&P500 ETF 464287200 6,246 23,234 SH   SOLE   23,234 0 0
ISHARES TR CORE S&P500 ETF 464287200 1,818 6,762 SH   OTR 1 6,762 0 0
ISHARES TR CORE US AGGBD ET 464287226 227 2,079 SH   OTR 1 2,079 0 0
ISHARES TR CORE US AGGBD ET 464287226 2,499 22,857 SH   SOLE   22,857 0 0
ISHARES TR FLTG RATE NT ETF 46429b655 1,007 19,808 SH   SOLE   19,808 0 0
ISHARES TR GLB INFRASTR ETF 464288372 2,109 46,629 SH   SOLE   46,629 0 0
ISHARES TR GLB INFRASTR ETF 464288372 1,595 35,276 SH   OTR 1 35,276 0 0
ISHARES TR IBOXX HI YD ETF 464288513 1,192 13,657 SH   SOLE   13,657 0 0
ISHARES TR IBOXX HI YD ETF 464288513 390 4,471 SH   OTR 1 4,471 0 0
ISHARES TR IBOXX INV CP ETF 464287242 2,063 16,972 SH   SOLE   16,972 0 0
ISHARES TR IBOXX INV CP ETF 464287242 497 4,092 SH   OTR 1 4,092 0 0
ISHARES TR JPMORGAN USD EMG 464288281 2,001 17,237 SH   OTR 1 17,237 0 0
ISHARES TR JPMORGAN USD EMG 464288281 5,342 46,013 SH   SOLE   46,013 0 0
ISHARES TR LATN AMER 40 ETF 464287390 208 6,087 SH   OTR 1 6,087 0 0
ISHARES TR MBS ETF 464288588 522 4,901 SH   OTR 1 4,901 0 0
ISHARES TR MBS ETF 464288588 627 5,877 SH   SOLE   5,877 0 0
ISHARES TR RUS 1000 GRW ETF 464287614 2,339 17,363 SH   OTR 1 17,363 0 0
ISHARES TR RUS 1000 GRW ETF 464287614 2,736 20,308 SH   SOLE   20,308 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 1,024 8,237 SH   OTR 1 8,237 0 0
ISHARES TR TIPS BD ETF 464287176 1,922 16,852 SH   SOLE   16,852 0 0
ISHARES TR TIPS BD ETF 464287176 502 4,399 SH   OTR 1 4,399 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625h365 686 24,984 SH   OTR 1 24,984 0 0
JPMORGAN CHASE & CO COM 46625h100 360 3,367 SH   OTR 1 3,367 0 0
JPMORGAN CHASE & CO COM 46625h100 2 14 SH   SOLE   14 0 0
PIMCO ETF TR 15+ YR US TIPS 72201R304 2,609 37,681 SH   OTR 1 37,681 0 0
PIMCO ETF TR 15+ YR US TIPS 72201R304 1,702 24,589 SH   SOLE   24,589 0 0
PIMCO ETF TR 25YR+ ZERO U S 72201R882 419 3,447 SH   SOLE   3,447 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 593 25,722 SH   OTR 1 25,722 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 692 30,024 SH   SOLE   30,024 0 0
PROSHARES TR MSCI EMRG ETF 74347X302 18 191 SH   OTR 1 191 0 0
PROSHARES TR MSCI EMRG ETF 74347X302 1,448 15,406 SH   SOLE   15,406 0 0
PROSHARES TR PSHS ULT S&P 500 74347R107 1,588 14,509 SH   SOLE   14,509 0 0
PROSHARES TR PSHS ULT S&P 500 74347R107 76 698 SH   OTR 1 698 0 0
PROSHARES TR PSHS ULTRUSS2000 74347R842 36 515 SH   OTR 1 515 0 0
PROSHARES TR PSHS ULTRUSS2000 74347R842 1,477 20,904 SH   SOLE   20,904 0 0
PROSHARES TR ULTR MSCI ETF 74347X500 2,257 17,012 SH   SOLE   17,012 0 0
PROSHARES TR ULTR MSCI ETF 74347X500 22 167 SH   OTR 1 167 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 389 1,458 SH   OTR 1 1,458 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 17,475 65,486 SH   SOLE   65,486 0 0
SPDR SER TR BLOMBERG BRC INV 78468R200 504 16,429 SH   SOLE   16,429 0 0
SPDR SERIES TRUST BLOOMBERG BRCLYS 78464A417 664 18,092 SH   OTR 1 18,092 0 0
SPDR SERIES TRUST BLOOMBERG BRCLYS 78464A417 76 2,058 SH   SOLE   2,058 0 0
SPDR SERIES TRUST CITI INT GVT ETF 78464A490 2,985 51,898 SH   SOLE   51,898 0 0
SPDR SERIES TRUST CITI INT GVT ETF 78464A490 2,425 42,159 SH   OTR 1 42,159 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203j407 3,652 67,176 SH   SOLE   67,176 0 0
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203j407 2,620 48,181 SH   OTR 1 48,181 0 0
VANGUARD INDEX FDS REIT ETF 922908553 1,378 16,604 SH   OTR 1 16,604 0 0
VANGUARD INDEX FDS REIT ETF 922908553 7,970 96,043 SH   SOLE   96,043 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 1,773 11,995 SH   SOLE   11,995 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 275 5,982 SH   OTR 1 5,982 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 5,778 125,855 SH   SOLE   125,855 0 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 2,201 36,381 SH   SOLE   36,381 0 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 1,297 21,446 SH   OTR 1 21,446 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 1,878 25,288 SH   OTR 1 25,288 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 2 23 SH   SOLE   23 0 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 1,805 18,856 SH   OTR 1 18,856 0 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 1,874 19,576 SH   SOLE   19,576 0 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 904 17,232 SH   OTR 1 17,232 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 897 19,993 SH   OTR 1 19,993 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 11,236 250,460 SH   SOLE   250,460 0 0
VANGUARD WORLD FD EXTENDED DUR 921910709 2,246 18,564 SH   OTR 1 18,564 0 0
VANGUARD WORLD FD EXTENDED DUR 921910709 1,996 16,496 SH   SOLE   16,496 0 0
WISDOMTREE TR US SMALLCP ERNGS 97717w562 2,073 57,227 SH   SOLE   57,227 0 0
WISDOMTREE TR US SMALLCP ERNGS 97717w562 1,112 30,711 SH   OTR 1 30,711 0 0