CLS Investments 13F-HR/A Quarterly holdings report by institutional manager (amended)

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

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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
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	1,231	8,154	SH		SOLE	1	8,154	0	0
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	28,995	192,023	SH		SOLE	0	185,036	0	6,987
ISHARES	MSCI HONG KG ETF	464286871	459	22,924	SH		SOLE	0	0	0	22,924
ISHARES	MSCI JAPAN ETF	464286848	9	782	SH		SOLE	0	0	0	782
ISHARES	EMU ETF	464286608	4,792	127,000	SH		SOLE	1	127,000	0	0
ISHARES	EMU ETF	464286608	30,082	797,295	SH		SOLE	0	790,200	0	7,095
ISHARES	EUROPE ETF	464287861	1,137	25,764	SH		SOLE	0	0	0	25,764
ISHARES	CORE S&P MCP ETF	464287507	14,179	114,220	SH		SOLE	0	19,200	0	95,020
ISHARES	S&P MC 400GR ETF	464287606	236	1,699	SH		SOLE	0	0	0	0
ISHARES	S&P 500 VAL ETF	464287408	12,044	153,783	SH		SOLE	0	132,110	0	21,673
ISHARES	CORE S&P500 ETF	464287200	768	4,550	SH		SOLE	1	4,550	0	0
ISHARES	CORE S&P500 ETF	464287200	18,550	109,831	SH		SOLE	0	104,920	0	4,911
ISHARES	S&P 500 GRWT ETF	464287309	24,266	271,554	SH		SOLE	0	249,435	0	22,119
ISHARES	RUS 1000 VAL ETF	464287598	18,211	211,266	SH		SOLE	0	67,000	0	144,266
ISHARES	RUS 1000 GRW ETF	464287614	9,351	119,582	SH		SOLE	1	119,582	0	0
ISHARES	RUS 1000 GRW ETF	464287614	85,868	1,098,060	SH		SOLE	0	708,390	0	389,670
ISHARES	RUSSELL 2000 ETF	464287655	7,447	69,856	SH		SOLE	0	56,010	0	13,846
ISHARES	RUSSELL 3000 ETF	464287689	1,537	15,200	SH		SOLE	1	15,200	0	0
ISHARES	RUSSELL 3000 ETF	464287689	4,946	48,900	SH		SOLE	0	48,900	0	0
ISHARES	U.S. REAL ES ETF	464287739	2,879	45,128	SH		SOLE	0	0	0	45,128
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	858	3,790	SH		SOLE	1	3,790	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	11,775	52,026	SH		SOLE	0	46,660	0	5,366
SPDR S&P 500 ETF TR	TR UNIT	78462F103	4,038	24,037	SH		SOLE	1	24,037	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	31,949	190,163	SH		SOLE	0	184,400	0	5,763
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	0	2	SH		SOLE	0	0	0	2
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	2,137	18,830	SH		SOLE	1	18,830	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	11,370	100,166	SH		SOLE	0	98,360	0	1,806
EXPEDITORS INTL WASH INC	COM	302130109	367	8,320	SH		SOLE	0	0	0	8,320
BOEING CO	COM	097023105	12	100	SH		SOLE	0	0	0	100
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	8	200	SH		SOLE	0	0	0	200
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	10,116	128,244	SH		SOLE	1	128,244	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	47,409	601,029	SH		SOLE	0	594,520	0	6,509
CONAGRA FOODS INC	COM	205887102	0	16	SH		SOLE	0	0	0	16
ALTRIA GROUP INC	COM	02209S103	11	315	SH		SOLE	0	0	0	315
HORMEL FOODS CORP	COM	440452100	439	10,416	SH		SOLE	0	0	0	10,416
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	181	3,607	SH		SOLE	0	0	0	3,607
INTEL CORP	COM	458140100	210	9,180	SH		SOLE	0	0	0	9,180
ISHARES	RUS 2000 GRW ETF	464287648	2,139	17,000	SH		SOLE	0	17,000	0	0
QUALCOMM INC	COM	747525103	964	14,313	SH		SOLE	0	0	0	14,313
DISNEY WALT CO	COM DISNEY	254687106	454	7,038	SH		SOLE	0	0	0	7,038
HONEYWELL INTL INC	COM	438516106	216	2,595	SH		SOLE	0	0	0	2,595
SHERWIN WILLIAMS CO	COM	824348106	121	664	SH		SOLE	0	0	0	664
US BANCORP DEL	COM NEW	902973304	24	650	SH		SOLE	0	0	0	650
JOHNSON & JOHNSON	COM	478160104	207	2,384	SH		SOLE	0	0	0	2,384
PFIZER INC	COM	717081103	229	7,968	SH		SOLE	0	0	0	7,968
ISHARES	US OIL EQ&SV ETF	464288844	564	9,000	SH		SOLE	0	9,000	0	0
ISHARES	MSCI EAFE ETF	464287465	12,976	203,386	SH		SOLE	1	203,386	0	0
ISHARES	MSCI EAFE ETF	464287465	79,565	1,247,073	SH		SOLE	0	1,213,545	0	33,528
CHEVRON CORP NEW	COM	166764100	54	443	SH		SOLE	0	0	0	443
MICROSOFT CORP	COM	594918104	13	400	SH		SOLE	0	0	0	400
UNITED PARCEL SERVICE INC	CL B	911312106	181	1,984	SH		SOLE	0	0	0	1,984
CITIGROUP INC	COM NEW	172967424	13	262	SH		SOLE	0	0	0	262
CA INC	COM	12673P105	30	1,027	SH		SOLE	0	0	0	1,027
CISCO SYS INC	COM	17275R102	10	412	SH		SOLE	0	0	0	412
DNP SELECT INCOME FD	COM	23325P104	0	7	SH		SOLE	0	0	0	7
INTERNATIONAL BUSINESS MACHS	COM	459200101	11	57	SH		SOLE	0	0	0	57
INTERNATIONAL GAME TECHNOLOG	COM	459902102	367	19,387	SH		SOLE	0	0	0	19,387
LOCKHEED MARTIN CORP	COM	539830109	31	246	SH		SOLE	0	0	0	246
PPG INDS INC	COM	693506107	10	59	SH		SOLE	0	0	0	59
ISHARES	MSCI GERMANY ETF	464286806	3,035	109,148	SH		SOLE	0	58,300	0	50,848
ISHARES	MSCI ITALCPD ETF	464286855	1,412	100,000	SH		SOLE	0	100,000	0	0
ISHARES	MSCI CDA ETF	464286509	3,612	127,598	SH		SOLE	0	124,000	0	3,598
ISHARES	RUS MID-CAP ETF	464287499	260	1,870	SH		SOLE	1	1,870	0	0
ISHARES	RUS MID-CAP ETF	464287499	3,512	25,256	SH		SOLE	0	17,880	0	7,376
ISHARES	RUS MD CP GR ETF	464287481	15,230	194,759	SH		SOLE	0	49,000	0	145,759
ISHARES	RUS MDCP VAL ETF	464287473	1,401	23,000	SH		SOLE	0	23,000	0	0
ISHARES	GLOBAL 100 ETF	464287572	10,093	140,300	SH		SOLE	1	140,300	0	0
ISHARES	GLOBAL 100 ETF	464287572	34,740	482,900	SH		SOLE	0	482,900	0	0
ISHARES	GLOBAL ENERG ETF	464287341	199	4,856	SH		SOLE	1	4,856	0	0
ISHARES	GLOBAL ENERG ETF	464287341	6,277	153,029	SH		SOLE	0	150,000	0	3,029
ISHARES	GLOB HLTHCRE ETF	464287325	4,132	52,000	SH		SOLE	0	52,000	0	0
ISHARES	GLOBAL TECH ETF	464287291	3,816	51,000	SH		SOLE	0	51,000	0	0
ISHARES	U.S. ENERGY ETF	464287796	834	17,717	SH		SOLE	0	0	0	17,717
ISHARES	U.S. FINLS ETF	464287788	5,130	70,000	SH		SOLE	0	70,000	0	0
ISHARES	US HLTHCARE ETF	464287762	15,992	149,572	SH		SOLE	0	135,000	0	14,572
ISHARES	U.S. INDS ETF	464287754	8,328	92,000	SH		SOLE	0	92,000	0	0
ISHARES	U.S. TELECOM ETF	464287713	2,482	90,000	SH		SOLE	0	90,000	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	118	2,800	SH		SOLE	1	2,800	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	2,227	53,000	SH		SOLE	0	53,000	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	12,191	147,038	SH		SOLE	1	147,038	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	52,663	635,193	SH		SOLE	0	634,080	0	1,113
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	11,384	571,910	SH		SOLE	1	571,910	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	40,336	2,026,404	SH		SOLE	0	2,024,957	0	1,447
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	570	12,282	SH		SOLE	1	12,282	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	6,325	136,300	SH		SOLE	0	136,300	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	11,420	356,416	SH		SOLE	1	356,416	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	41,788	1,304,255	SH		SOLE	0	1,301,600	0	2,655
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	3,952	99,300	SH		SOLE	1	99,300	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	12,736	320,001	SH		SOLE	0	320,000	0	1
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	4,417	87,300	SH		SOLE	1	87,300	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	14,851	293,559	SH		SOLE	0	293,300	0	259
ISHARES	N AMER TECH ETF	464287549	1,356	17,000	SH		SOLE	0	17,000	0	0
ISHARES	MSCI SINGAP ETF	464286673	1,829	137,000	SH		SOLE	0	137,000	0	0
ISHARES	MSCI TAIWAN ETF	464286731	2,331	167,432	SH		SOLE	0	167,000	0	432
ISHARES	MSCI MEX CAP ETF	464286822	109	1,700	SH		SOLE	1	1,700	0	0
ISHARES	MSCI MEX CAP ETF	464286822	1,073	16,800	SH		SOLE	0	16,800	0	0
ISHARES	MSCI UK ETF	464286699	1,295	66,000	SH		SOLE	0	66,000	0	0
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	23,277	334,397	SH		SOLE	1	334,397	0	0
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	104,976	1,508,057	SH		SOLE	0	1,152,316	0	355,741
AMETEK INC NEW	COM	031100100	7	157	SH		SOLE	0	0	0	157
BANK OF AMERICA CORPORATION	COM	060505104	27	1,960	SH		SOLE	0	0	0	1,960
STARBUCKS CORP	COM	855244109	15	200	SH		SOLE	0	0	0	200
EXXON MOBIL CORP	COM	30231G102	258	2,996	SH		SOLE	0	0	0	2,996
AFLAC INC	COM	001055102	412	6,643	SH		SOLE	0	0	0	6,643
UNION PAC CORP	COM	907818108	247	1,593	SH		SOLE	0	0	0	1,593
BAXTER INTL INC	COM	071813109	7	100	SH		SOLE	0	0	0	100
TARGET CORP	COM	87612E106	6	100	SH		SOLE	0	0	0	100
COSTCO WHSL CORP NEW	COM	22160K105	14	121	SH		SOLE	0	0	0	121
CVS CAREMARK CORPORATION	COM	126650100	394	6,945	SH		SOLE	0	0	0	6,945
DOMINION RES INC VA NEW	COM	25746U109	62	1,000	SH		SOLE	0	0	0	1,000
DIAGEO P L C	SPON ADR NEW	25243Q205	201	1,581	SH		SOLE	0	0	0	1,581
PROCTER & GAMBLE CO	COM	742718109	129	1,700	SH		SOLE	0	0	0	1,700
GENERAL ELECTRIC CO	COM	369604103	16	681	SH		SOLE	0	0	0	681
GILEAD SCIENCES INC	COM	375558103	6	100	SH		SOLE	0	0	0	100
HARLEY DAVIDSON INC	COM	412822108	907	14,117	SH		SOLE	0	0	0	14,117
NIKE INC	CL B	654106103	13	180	SH		SOLE	0	0	0	180
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	25	938	SH		SOLE	0	0	0	938
MONDELEZ INTL INC	CL A	609207105	116	3,695	SH		SOLE	0	0	0	3,695
PRICELINE COM INC	COM NEW	741503403	9	9	SH		SOLE	0	0	0	9
WELLS FARGO & CO NEW	COM	949746101	103	2,490	SH		SOLE	0	0	0	2,490
ISHARES	1-3 YR TR BD ETF	464287457	563	6,660	SH		SOLE	1	6,660	0	0
ISHARES	1-3 YR TR BD ETF	464287457	33,766	399,740	SH		SOLE	0	386,600	0	13,140
ISHARES	7-10 Y TR BD ETF	464287440	6	58	SH		SOLE	0	0	0	58
ISHARES	20+ YR TR BD ETF	464287432	532	5,000	SH		SOLE	1	5,000	0	0
ISHARES	20+ YR TR BD ETF	464287432	2,022	19,000	SH		SOLE	0	19,000	0	0
ISHARES	IBOXX INV CP ETF	464287242	2,100	18,500	SH		SOLE	1	18,500	0	0
ISHARES	IBOXX INV CP ETF	464287242	12,485	109,984	SH		SOLE	0	102,525	0	7,459
FISERV INC	COM	337738108	19	185	SH		SOLE	0	0	0	185
FORD MTR CO DEL	COM PAR $0.01	345370860	98	5,802	SH		SOLE	0	0	0	5,802
UNITEDHEALTH GROUP INC	COM	91324P102	448	6,261	SH		SOLE	0	0	0	6,261
TEMPLETON GLOBAL INCOME FD	COM	880198106	5	646	SH		SOLE	0	0	0	646
SOUTHWEST AIRLS CO	COM	844741108	351	24,099	SH		SOLE	0	0	0	24,099
ENCANA CORP	COM	292505104	2	105	SH		SOLE	0	0	0	105
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	11	155	SH		SOLE	0	0	0	155
UNITED TECHNOLOGIES CORP	COM	913017109	7	63	SH		SOLE	0	0	0	63
COMCAST CORP NEW	CL A	20030N101	362	8,035	SH		SOLE	0	0	0	8,035
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	625	7,130	SH		SOLE	1	7,130	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	6,366	72,628	SH		SOLE	0	68,180	0	4,448
WASTE MGMT INC DEL	COM	94106L109	178	4,319	SH		SOLE	0	0	0	4,319
CONOCOPHILLIPS	COM	20825C104	196	2,814	SH		SOLE	0	0	0	2,814
APPLE INC	COM	037833100	378	792	SH		SOLE	0	0	0	792
AMERICAN STRATEGIC INCOME II	COM	03009T101	8	1,137	SH		SOLE	0	0	0	1,137
ORBITAL SCIENCES CORP	COM	685564106	429	20,263	SH		SOLE	0	0	0	20,263
INTL PAPER CO	COM	460146103	175	3,908	SH		SOLE	0	0	0	3,908
IDEXX LABS INC	COM	45168D104	6	60	SH		SOLE	0	0	0	60
ISHARES	MSCI EMG MKT ETF	464287234	1,634	40,100	SH		SOLE	1	40,100	0	0
ISHARES	MSCI EMG MKT ETF	464287234	9,910	243,165	SH		SOLE	0	171,225	0	71,940
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	6,520	100,000	SH		SOLE	0	100,000	0	0
CELGENE CORP	COM	151020104	532	3,451	SH		SOLE	0	0	0	3,451
SKYWORKS SOLUTIONS INC	COM	83088M102	381	15,326	SH		SOLE	0	0	0	15,326
ISHARES	NA TEC MULTM ETF	464287531	1,875	62,000	SH		SOLE	0	62,000	0	0
ISHARES	PHLX SEMICND ETF	464287523	3,266	49,000	SH		SOLE	0	49,000	0	0
ISHARES	NA TEC-SFTWR ETF	464287515	2,769	36,304	SH		SOLE	1	36,304	0	0
ISHARES	NA TEC-SFTWR ETF	464287515	19,474	255,300	SH		SOLE	0	255,300	0	0
ISHARES	S&P 100 ETF	464287101	1,512	20,200	SH		SOLE	1	20,200	0	0
ISHARES	S&P 100 ETF	464287101	44,872	599,576	SH		SOLE	0	251,000	0	348,576
F5 NETWORKS INC	COM	315616102	328	3,821	SH		SOLE	0	0	0	3,821
FLUOR CORP NEW	COM	343412102	425	5,987	SH		SOLE	0	0	0	5,987
NATIONAL OILWELL VARCO INC	COM	637071101	400	5,124	SH		SOLE	0	0	0	5,124
AMERICA MOVIL SAB DE CV	SPON ADR L SHS	02364W105	12	600	SH		SOLE	0	0	0	600
HCP INC	COM	40414L109	16	400	SH		SOLE	0	0	0	400
PIMCO CORPORATE & INCOME OPP	COM	72201B101	25	1,380	SH		SOLE	0	0	0	1,380
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	19,890	495,582	SH		SOLE	0	20,000	0	475,582
ISHARES	MSCI AC ASIA ETF	464288182	5,537	95,000	SH		SOLE	0	95,000	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	682	4	SH		SOLE	0	0	0	4
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	10	75	SH		SOLE	0	0	0	75
ENSCO PLC	SHS CLASS A	G3157S106	168	3,130	SH		SOLE	0	0	0	3,130
ISHARES	CORE TOTUSBD ETF	464287226	11,181	104,304	SH		SOLE	0	90,626	0	13,678
W P CAREY INC	COM	92936U109	214	3,315	SH		SOLE	0	0	0	3,315
ISHARES	SELECT DIVID ETF	464287168	4,780	72,048	SH		SOLE	0	0	0	72,048
ISHARES	TIPS BD ETF	464287176	7,785	69,150	SH		SOLE	1	69,150	0	0
ISHARES	TIPS BD ETF	464287176	31,451	279,368	SH		SOLE	0	278,000	0	1,368
ALLIANCEBERNSTEIN GBL HGH IN	COM	01879R106	3	178	SH		SOLE	0	0	0	178
BLACKROCK SR HIGH INCOME FD	COM	09255T109	2	447	SH		SOLE	0	0	0	447
AGL RES INC	COM	001204106	182	3,952	SH		SOLE	0	0	0	3,952
CARNIVAL CORP	PAIRED CTF	143658300	3	100	SH		SOLE	0	0	0	100
LIFE TECHNOLOGIES CORP	COM	53217V109	3	40	SH		SOLE	0	0	0	40
DOLLAR GEN CORP NEW	COM	256677105	360	6,383	SH		SOLE	0	0	0	6,383
SUBURBAN PROPANE PARTNERS L	UNIT LTD PARTN	864482104	13	270	SH		SOLE	0	0	0	270
WEYERHAEUSER CO	COM	962166104	155	5,409	SH		SOLE	0	0	0	5,409
ISHARES	MRNGSTR LG-CP ET	464287127	7,447	75,000	SH		SOLE	0	75,000	0	0
ISHARES	MRGSTR MD CP ETF	464288208	124	1,045	SH		SOLE	0	0	0	1,045
ISHARES	MRNGSTR LG-CP GR	464287119	6,816	76,000	SH		SOLE	0	76,000	0	0
ISHARES	MRNGSTR LG-CP VL	464288109	6,019	82,000	SH		SOLE	0	82,000	0	0
RYDER SYS INC	COM	783549108	375	6,282	SH		SOLE	0	0	0	6,282
PRICE T ROWE GROUP INC	COM	74144T108	6	80	SH		SOLE	0	0	0	80
SONOCO PRODS CO	COM	835495102	170	4,371	SH		SOLE	0	0	0	4,371
SNAP ON INC	COM	833034101	209	2,100	SH		SOLE	0	0	0	2,100
CBIZ INC	COM	124805102	11	1,544	SH		SOLE	0	0	0	1,544
SOUTHERN COPPER CORP	COM	84265V105	0	2	SH		SOLE	0	0	0	2
MAGNA INTL INC	COM	559222401	525	6,361	SH		SOLE	0	0	0	6,361
ISHARES	CHINA LG-CAP ETF	464287184	52	1,406	SH		SOLE	0	0	0	1,406
SYNAPTICS INC	COM	87157D109	371	8,381	SH		SOLE	0	0	0	8,381
POWERSHARES ETF TRUST	DYNAMIC MKT PT	73935X104	4,062	67,000	SH		SOLE	0	67,000	0	0
AMPHENOL CORP NEW	CL A	032095101	8	100	SH		SOLE	0	0	0	100
ISHARES	3YRTB ETF	464288125	533	5,600	SH		SOLE	0	5,600	0	0
GOOGLE INC	CL A	38259P508	424	484	SH		SOLE	0	0	0	484
SPDR GOLD TRUST	GOLD SHS	78463V107	22	169	SH		SOLE	0	0	0	169
VANGUARD INTL EQUITY INDEX F	MEGA CAP GRO ETF	922042866	1,458	24,000	SH		SOLE	0	24,000	0	0
VANGUARD WORLD FDS	ENERGY ETF	92204A306	54	453	SH		SOLE	0	0	0	453
VANGUARD INDEX FDS	VALUE ETF	922908744	11,248	161,173	SH		SOLE	0	107,950	0	53,223
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	451	4,840	SH		SOLE	1	4,840	0	0
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	5,045	54,171	SH		SOLE	0	46,000	0	8,171
VANGUARD INDEX FDS	MID CAP ETF	922908629	632	6,166	SH		SOLE	0	0	0	6,166
AK STL HLDG CORP	COM	001547108	4	1,000	SH		SOLE	0	0	0	1,000
VANGUARD INDEX FDS	REIT ETF	922908553	194	2,926	SH		SOLE	0	0	0	2,926
VANGUARD WORLD FDS	MATERIALS ETF	92204A801	1,047	11,000	SH		SOLE	0	11,000	0	0
SEALED AIR CORP NEW	COM	81211K100	346	12,722	SH		SOLE	0	0	0	12,722
FOOT LOCKER INC	COM	344849104	350	10,327	SH		SOLE	0	0	0	10,327
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	10	114	SH		SOLE	0	0	0	114
VANGUARD INDEX FDS	SMALL CP ETF	922908751	389	3,800	SH		SOLE	1	3,800	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	14,525	141,726	SH		SOLE	0	36,350	0	105,376
VANGUARD INDEX FDS	GROWTH ETF	922908736	742	8,771	SH		SOLE	1	8,771	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	25,747	304,303	SH		SOLE	0	173,775	0	130,528
POWERSHARES ETF TRUST	DYN PHRMA PORT	73935X799	3,360	73,000	SH		SOLE	0	73,000	0	0
HALCON RES CORP	COM NEW	40537Q209	75	16,914	SH		SOLE	0	0	0	16,914
REPUBLIC SVCS INC	COM	760759100	404	12,107	SH		SOLE	0	0	0	12,107
DYCOM INDS INC	COM	267475101	921	32,905	SH		SOLE	0	0	0	32,905
FOSTER WHEELER AG	COM	H27178104	3	100	SH		SOLE	0	0	0	100
MOSAIC CO NEW	COM	61945C103	297	6,905	SH		SOLE	0	0	0	6,905
WOLVERINE WORLD WIDE INC	COM	978097103	7	115	SH		SOLE	0	0	0	115
ALPHA NATURAL RESOURCES INC	COM	02076X102	1	100	SH		SOLE	0	0	0	100
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	371	3,239	SH		SOLE	0	0	0	3,239
TENNECO INC	COM	880349105	435	8,606	SH		SOLE	0	0	0	8,606
ROCK-TENN CO	CL A	772739207	12	115	SH		SOLE	0	0	0	115
GUESS INC	COM	401617105	345	11,544	SH		SOLE	0	0	0	11,544
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	375	12,286	SH		SOLE	0	0	0	12,286
NRG ENERGY INC	COM NEW	629377508	3	100	SH		SOLE	0	0	0	100
POWERSHARES ETF TRUST	S&P 500 HGH QLTY	73935X682	619	33,000	SH		SOLE	1	33,000	0	0
POWERSHARES ETF TRUST	S&P 500 HGH QLTY	73935X682	7,223	385,000	SH		SOLE	0	385,000	0	0
ISHARES	EAFE VALUE ETF	464288877	3,054	56,130	SH		SOLE	0	16,000	0	40,130
ISHARES	EAFE GRWTH ETF	464288885	5,617	82,439	SH		SOLE	0	0	0	82,439
POWERSHARES ETF TRUST	FTSE RAFI 1000	73935X583	16	215	SH		SOLE	0	0	0	215
WASTE CONNECTIONS INC	COM	941053100	5	105	SH		SOLE	0	0	0	105
FUEL TECH INC	COM	359523107	0	100	SH		SOLE	0	0	0	100
SILVER WHEATON CORP	COM	828336107	9	352	SH		SOLE	0	0	0	352
WYNN RESORTS LTD	COM	983134107	424	2,684	SH		SOLE	0	0	0	2,684
SPDR SERIES TRUST	S&P CAP MKTS	78464A771	2,050	48,000	SH		SOLE	0	48,000	0	0
NUVEEN CALIF PERFORM PLUS MU	COM	67062Q106	73	5,417	SH		SOLE	0	0	0	5,417
ROYAL BK CDA MONTREAL QUE	COM	780087102	155	2,410	SH		SOLE	0	0	0	2,410
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	327	12,691	SH		SOLE	1	12,691	0	0
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	6,229	241,799	SH		SOLE	0	240,550	0	1,249
POWERSHARES ETF TRUST	DYN LSR & ENT	73935X757	2,265	72,000	SH		SOLE	0	72,000	0	0
RYDEX ETF TRUST	GUG RUSS TOP 50	78355W205	3,536	30,174	SH		SOLE	0	29,500	0	674
ATWOOD OCEANICS INC	COM	050095108	11	200	SH		SOLE	0	0	0	200
VANGUARD WORLD FDS	INF TECH ETF	92204A702	2,870	35,560	SH		SOLE	1	35,560	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	24,146	299,211	SH		SOLE	0	152,800	0	146,411
SPDR INDEX SHS FDS	STOXX EUR 50 ETF	78463X103	1,193	32,622	SH		SOLE	0	0	0	32,622
SPDR SERIES TRUST	NUVN BR SHT MUNI	78464A425	783	32,315	SH		SOLE	1	32,315	0	0
SPDR SERIES TRUST	NUVN BR SHT MUNI	78464A425	12,385	511,369	SH		SOLE	0	345,035	0	166,334
MARKET VECTORS ETF TR	GOLD MINER ETF	57060U100	150	6,000	SH		SOLE	0	6,000	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	1,188	21,800	SH		SOLE	1	21,800	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	31,474	577,504	SH		SOLE	0	70,000	0	507,504
CDN IMPERIAL BK OF COMMERCE	COM	136069101	208	2,611	SH		SOLE	0	0	0	2,611
SEABRIDGE GOLD INC	COM	811916105	1	100	SH		SOLE	0	0	0	100
ISHARES	U.S. INSRNCE ETF	464288786	7,550	176,000	SH		SOLE	0	176,000	0	0
WISDOMTREE TR	EUROPE SMCP DV	97717W869	3,231	64,000	SH		SOLE	0	64,000	0	0
ISHARES	U.S. MED DVC ETF	464288810	6,860	81,000	SH		SOLE	0	81,000	0	0
WISDOMTREE TR	INTL SMCAP DIV	97717W760	6,730	112,000	SH		SOLE	0	112,000	0	0
MARKET VECTORS ETF TR	HG YLD MUN ETF	57060U878	275	9,399	SH		SOLE	0	0	0	9,399
PROSHARES TR	PSHS SHORT DOW30	74347R701	5,998	207,600	SH		SOLE	0	207,600	0	0
WISDOMTREE TR	DEFA FD	97717W703	315	6,094	SH		SOLE	0	0	0	6,094
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	11,861	247,465	SH		SOLE	0	36,000	0	211,465
WISDOMTREE TR	MIDCAP DIVI FD	97717W505	2,397	34,482	SH		SOLE	0	0	0	34,482
WISDOMTREE TR	SMALLCAP DIVID	97717W604	2,166	34,591	SH		SOLE	0	0	0	34,591
FIDELITY COMWLTH TR	NDQ CP IDX TRK	315912808	45	302	SH		SOLE	0	0	0	302
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	6,684	86,430	SH		SOLE	1	86,430	0	0
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	28,425	367,537	SH		SOLE	0	344,620	0	22,917
IHS INC	CL A	451734107	8	70	SH		SOLE	0	0	0	70
ISHARES	US HLTHCR PR ETF	464288828	524	6,000	SH		SOLE	0	6,000	0	0
ISHARES	U.S. PHARMA ETF	464288836	2,319	21,800	SH		SOLE	1	21,800	0	0
ISHARES	U.S. PHARMA ETF	464288836	7,852	73,800	SH		SOLE	0	73,800	0	0
TELEDYNE TECHNOLOGIES INC	COM	879360105	4	50	SH		SOLE	0	0	0	50
CLAYMORE EXCHANGE TRD FD TR	GUG MULTI ASSET	18383M506	2,936	123,828	SH		SOLE	0	121,000	0	2,828
POWERSHARES ETF TRUST	GBL LSTD PVT EQT	73935X195	5,189	452,000	SH		SOLE	0	452,000	0	0
POWERSHARES ETF TRUST	INTL DIV ACHV	73935X716	11,531	667,300	SH		SOLE	1	667,300	0	0
POWERSHARES ETF TRUST	INTL DIV ACHV	73935X716	39,646	2,294,330	SH		SOLE	0	2,294,330	0	0
SPDR SERIES TRUST	S&P METALS MNG	78464A755	1	18	SH		SOLE	0	0	0	18
POWERSHS DB MULTI SECT COMM	PS DB AGRICUL FD	73936B408	4,585	181,292	SH		SOLE	1	181,292	0	0
POWERSHS DB MULTI SECT COMM	PS DB AGRICUL FD	73936B408	16,150	638,608	SH		SOLE	0	638,608	0	0
VANGUARD INDEX FDS	MCAP GR IDXVIP	922908538	2,590	30,391	SH		SOLE	0	0	0	30,391
SPDR SERIES TRUST	S&P REGL BKG	78464A698	1,640	46,000	SH		SOLE	0	46,000	0	0
SPDR SERIES TRUST	S&P INS ETF	78464A789	857	15,100	SH		SOLE	1	15,100	0	0
SPDR SERIES TRUST	S&P INS ETF	78464A789	5,392	95,000	SH		SOLE	0	95,000	0	0
SPDR SERIES TRUST	S&P BK ETF	78464A797	706	23,500	SH		SOLE	0	23,500	0	0
POWERSHARES ETF TRUST	DYN FD & BEV	73935X849	2,748	108,000	SH		SOLE	0	108,000	0	0
SPIRIT AEROSYSTEMS HLDGS INC	COM CL A	848574109	364	15,005	SH		SOLE	0	0	0	15,005
SPDR SERIES TRUST	OILGAS EQUIP	78464A748	3,485	83,000	SH		SOLE	0	83,000	0	0
PROSHARES TR	PSHS SHRT S&P500	74347R503	1,974	70,460	SH		SOLE	1	70,460	0	0
PROSHARES TR	PSHS SHRT S&P500	74347R503	50,510	1,803,301	SH		SOLE	0	1,249,400	0	553,901
PROSHARES TR	PSHS SHTRUSS2000	74347R826	1,800	97,438	SH		SOLE	1	97,438	0	0
PROSHARES TR	PSHS SHTRUSS2000	74347R826	9,116	493,562	SH		SOLE	0	493,562	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	6,172	127,000	SH		SOLE	1	127,000	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	22,143	455,611	SH		SOLE	0	428,500	0	27,111
HSBC HLDGS PLC	ADR A 1/40PF A	404280604	17	705	SH		SOLE	0	0	0	705
POWERSHS DB MULTI SECT COMM	DB PREC MTLS	73936B200	1,834	42,000	SH		SOLE	0	42,000	0	0
POWERSHARES ETF TRUST	FINL PFD PTFL	73935X229	2,303	134,461	SH		SOLE	0	134,461	0	0
RYDEX ETF TRUST	GUG S&P500 PU VA	78355W304	3,546	81,000	SH		SOLE	0	81,000	0	0
ISHARES	SHRT TRS BD ETF	464288679	1,985	18,000	SH		SOLE	0	18,000	0	0
ISHARES	IBOXX HI YD ETF	464288513	2,446	26,710	SH		SOLE	1	26,710	0	0
ISHARES	IBOXX HI YD ETF	464288513	31,371	342,550	SH		SOLE	0	277,420	0	65,130
ISHARES	CREDIT BD ETF	464288620	461	4,300	SH		SOLE	1	4,300	0	0
ISHARES	CREDIT BD ETF	464288620	9,991	93,239	SH		SOLE	0	74,850	0	18,389
ISHARES	1-3 YR CR BD ETF	464288646	2,643	25,100	SH		SOLE	1	25,100	0	0
ISHARES	1-3 YR CR BD ETF	464288646	38,184	362,690	SH		SOLE	0	194,300	0	168,390
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	126	1,570	SH		SOLE	0	0	0	1,570
POWERSHS DB MULTI SECT COMM	DB BASE METALS	73936B705	368	22,000	SH		SOLE	0	22,000	0	0
FIRST TR EXCHANGE TRADED FD	DJ INTERNT IDX	33733E302	5,001	93,000	SH		SOLE	0	93,000	0	0
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	7,301	90,268	SH		SOLE	0	85,885	0	4,383
POWERSHS DB MULTI SECT COMM	DB OIL FUND	73936B507	851	31,000	SH		SOLE	0	31,000	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG SPINOFF ETF	18383M605	3,986	97,000	SH		SOLE	0	97,000	0	0
SPDR INDEX SHS FDS	MSCI ACWI EXUS	78463X848	171	4,979	SH		SOLE	0	0	0	4,979
ISHARES	GLOB INDSTRL ETF	464288729	5,780	88,000	SH		SOLE	0	88,000	0	0
ISHARES	MBS ETF	464288588	854	8,067	SH		SOLE	0	5,475	0	2,592
ISHARES	U.S. PFD STK ETF	464288687	765	20,140	SH		SOLE	1	20,140	0	0
ISHARES	U.S. PFD STK ETF	464288687	32,461	854,244	SH		SOLE	0	419,035	0	435,209
RYDEX ETF TRUST	GUG S&P500EQWTTE	78355W817	392	5,616	SH		SOLE	0	0	0	5,616
ISHARES	INTL SEL DIV ETF	464288448	8,340	230,000	SH		SOLE	0	230,000	0	0
WISDOMTREE TR	EMERG MKTS ETF	97717W315	5,763	111,500	SH		SOLE	1	111,500	0	0
WISDOMTREE TR	EMERG MKTS ETF	97717W315	20,818	402,755	SH		SOLE	0	369,200	0	33,555
ISHARES	3-7 YR TR BD ETF	464288661	61	500	SH		SOLE	1	500	0	0
ISHARES	3-7 YR TR BD ETF	464288661	7,826	64,500	SH		SOLE	0	64,500	0	0
VMWARE INC	CL A COM	928563402	305	3,775	SH		SOLE	0	0	0	3,775
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	862	15,000	SH		SOLE	0	15,000	0	0
ISHARES	NAT AMT FREE BD	464288414	7,091	67,860	SH		SOLE	0	29,775	0	38,085
SPDR SERIES TRUST	NUVN BRCLY MUNI	78464A458	2,243	98,214	SH		SOLE	0	0	0	98,214
SPDR INDEX SHS FDS	EUROPE ETF	78463X608	8	191	SH		SOLE	0	0	0	191
MARKET VECTORS ETF TR	AGRIBUS ETF	57060U605	1,345	26,200	SH		SOLE	1	26,200	0	0
MARKET VECTORS ETF TR	AGRIBUS ETF	57060U605	4,281	83,400	SH		SOLE	0	83,400	0	0
FIRST MAJESTIC SILVER CORP	COM	32076V103	9	788	SH		SOLE	0	0	0	788
RESOLUTE FST PRODS INC	COM	76117W109	0	7	SH		SOLE	0	0	0	7
SPDR SERIES TRUST	BRCLYS INTL ETF	78464A516	107	1,826	SH		SOLE	0	0	0	1,826
CLAYMORE EXCHANGE TRD FD TR	GUGG TIMBER ETF	18383Q879	4,071	167,000	SH		SOLE	0	167,000	0	0
POWERSHARES GLOBAL ETF TRUST	SOVEREIGN DEBT	73936T573	7,574	277,016	SH		SOLE	0	0	0	277,016
WISDOMTREE TR	EMG MKTS SMCAP	97717W281	156	3,350	SH		SOLE	1	3,350	0	0
WISDOMTREE TR	EMG MKTS SMCAP	97717W281	1,278	27,400	SH		SOLE	0	27,400	0	0
ISHARES	JP MOR EM MK ETF	464288281	253	2,323	SH		SOLE	1	2,323	0	0
ISHARES	JP MOR EM MK ETF	464288281	6,558	60,151	SH		SOLE	0	38,015	0	22,136
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	18,253	843,861	SH		SOLE	0	114,000	0	729,861
SPDR SERIES TRUST	NUVN CALI MUNI	78464A441	222	9,777	SH		SOLE	0	0	0	9,777
ISHARES	INTL DEV RE ETF	464288489	1,527	45,545	SH		SOLE	0	0	0	45,545
ISHARES	INTERM CR BD ETF	464288638	19,559	181,217	SH		SOLE	0	166,380	0	14,837
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	108	2,715	SH		SOLE	0	0	0	2,715
ISHARES	MSCI JAPN SMCETF	464286582	718	13,000	SH		SOLE	0	13,000	0	0
VANGUARD WORLD FD	MEGA GRWTH IND	921910816	9,951	152,000	SH		SOLE	0	152,000	0	0
REVENUESHARES ETF TR	LARGECAP FD	761396100	724	22,000	SH		SOLE	1	22,000	0	0
REVENUESHARES ETF TR	LARGECAP FD	761396100	2,796	85,000	SH		SOLE	0	85,000	0	0
VISA INC	COM CL A	92826C839	96	501	SH		SOLE	0	0	0	501
SPDR SERIES TRUST	DB INT GVT ETF	78464A490	4,883	81,938	SH		SOLE	0	73,675	0	8,263
PHILIP MORRIS INTL INC	COM	718172109	11	125	SH		SOLE	0	0	0	125
ISHARES	MSCI ACWI US ETF	464288240	959	21,403	SH		SOLE	1	21,403	0	0
ISHARES	MSCI ACWI US ETF	464288240	9,232	205,981	SH		SOLE	0	205,981	0	0
FIRST TR US IPO INDEX FD	SHS	336920103	1,979	48,000	SH		SOLE	0	48,000	0	0
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	4,899	85,299	SH		SOLE	1	85,299	0	0
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	15,793	275,000	SH		SOLE	0	275,000	0	0
MARKET VECTORS ETF TR	GAMING ETF	57060U829	1,375	29,000	SH		SOLE	0	29,000	0	0
POWERSHARES GLOBAL ETF TRUST	AGG PFD PORT	73936T565	1,214	88,700	SH		SOLE	0	88,700	0	0
POWERSHARES GLOBAL ETF TRUST	FDM HG YLD RAFI	73936T557	268	14,223	SH		SOLE	0	0	0	14,223
RYDEX ETF TRUST	GUG S&P500EQWTEN	78355W866	4	59	SH		SOLE	0	0	0	59
SPDR SERIES TRUST	S&P PHARMAC	78464A722	1,301	16,900	SH		SOLE	1	16,900	0	0
SPDR SERIES TRUST	S&P PHARMAC	78464A722	4,203	54,600	SH		SOLE	0	54,600	0	0
PROSHARES TR	PSHS ULTSH 20YRS	74347B201	38	500	SH		SOLE	0	500	0	0
FIRST TR EXCHANGE TRADED FD	NASDAQ 100 EX	33733E401	1,523	47,000	SH		SOLE	0	47,000	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG FRNTR MKT	18383Q838	133	7,963	SH		SOLE	1	7,963	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG FRNTR MKT	18383Q838	1,192	71,354	SH		SOLE	0	71,354	0	0
MONOTYPE IMAGING HOLDINGS IN	COM	61022P100	7	245	SH		SOLE	0	0	0	245
ENTERPRISE FINL SVCS CORP	COM	293712105	34	1,995	SH		SOLE	0	0	0	1,995
INTERVAL LEISURE GROUP INC	COM	46113M108	7	285	SH		SOLE	0	0	0	285
ISHARES	AGENCY BOND ETF	464288166	364	3,275	SH		SOLE	0	3,275	0	0
ISHARES	SHT NTLAMTFR ETF	464288158	1,747	16,450	SH		SOLE	0	16,450	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG SHIPPNG ETF	18383Q796	829	42,000	SH		SOLE	0	42,000	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	492	5,900	SH		SOLE	1	5,900	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	8,223	98,571	SH		SOLE	0	89,025	0	9,546
PROSHARES TR	PSHS LC COR PLUS	74347R248	3,653	46,000	SH		SOLE	0	46,000	0	0
PIMCO ETF TR	1-5 US TIP IDX	72201R205	1,591	30,000	SH		SOLE	0	30,000	0	0
ETFS GOLD TR	SHS	26922Y105	8	59	SH		SOLE	0	0	0	59
PIMCO ETF TR	ENHAN SHRT MAT	72201R833	5,798	57,183	SH		SOLE	1	57,183	0	0
PIMCO ETF TR	ENHAN SHRT MAT	72201R833	50,248	495,567	SH		SOLE	0	489,515	0	6,052
ISHARES	RUS TP200 GR ETF	464289438	2,587	63,500	SH		SOLE	1	63,500	0	0
ISHARES	RUS TP200 GR ETF	464289438	8,331	204,500	SH		SOLE	0	204,500	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	315	7,677	SH		SOLE	0	0	0	7,677
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	30	993	SH		SOLE	0	0	0	993
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	1,180	29,345	SH		SOLE	0	0	0	29,345
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	6,438	80,875	SH		SOLE	0	80,875	0	0
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	429	8,904	SH		SOLE	0	0	0	8,904
SCHWAB STRATEGIC TR	US LCAP GR ETF	808524300	988	24,052	SH		SOLE	0	0	0	24,052
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	552	14,792	SH		SOLE	0	0	0	14,792
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	3,654	71,017	SH		SOLE	1	71,017	0	0
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	13,639	265,100	SH		SOLE	0	265,100	0	0
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	779	31,669	SH		SOLE	0	0	0	31,669
SPDR SERIES TRUST	BARC SHT TR CP	78464A474	3,396	110,480	SH		SOLE	1	110,480	0	0
SPDR SERIES TRUST	BARC SHT TR CP	78464A474	18,919	615,466	SH		SOLE	0	615,466	0	0
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	14	832	SH		SOLE	0	0	0	832
POWERSHARES ETF TR II	S&P SMCP IND P	73937B878	1,358	33,000	SH		SOLE	0	33,000	0	0
POWERSHARES ETF TR II	S&P SMCP IT PO	73937B860	1,630	40,000	SH		SOLE	0	40,000	0	0
ISHARES	IRELAND CAPD ETF	46429B507	1,659	50,000	SH		SOLE	0	50,000	0	0
EXPRESS INC	COM	30219E103	388	16,427	SH		SOLE	0	0	0	16,427
CLAYMORE EXCHANGE TRD FD TR	GUGG CRP BD 2014	18383M571	1,086	51,000	SH		SOLE	1	51,000	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG CRP BD 2014	18383M571	9,291	436,192	SH		SOLE	0	406,630	0	29,562
CLAYMORE EXCHANGE TRD FD TR	GUGG CRP BD 2015	18383M563	1,065	48,692	SH		SOLE	0	0	0	48,692
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	80	1,578	SH		SOLE	0	0	0	1,578
ALPS ETF TR	ALERIAN MLP	00162Q866	1,302	74,000	SH		SOLE	1	74,000	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	9,922	564,071	SH		SOLE	0	383,000	0	181,071
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	487	9,000	SH		SOLE	1	9,000	0	0
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	1,892	35,000	SH		SOLE	0	35,000	0	0
UNITED STS COMMODITY INDEX F	COMM IDX FND	911717106	26	472	SH		SOLE	0	0	0	472
EGA EMERGING GLOBAL SHS TR	EGS EMKTCONS ETF	268461779	156	5,777	SH		SOLE	1	5,777	0	0
EGA EMERGING GLOBAL SHS TR	EGS EMKTCONS ETF	268461779	3,893	144,500	SH		SOLE	0	144,500	0	0
VISTEON CORP	COM NEW	92839U206	320	4,231	SH		SOLE	0	0	0	4,231
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	27	3,143	SH		SOLE	0	0	0	3,143
GENERAL MTRS CO	COM	37045V100	5	128	SH		SOLE	0	0	0	128
ETFS WHITE METALS BASKET TR	PHY WM BSK SHS	26923B104	3	64	SH		SOLE	0	0	0	64
WISDOMTREE TR	FUTRE STRAT FD	97717W125	54	1,300	SH		SOLE	1	1,300	0	0
WISDOMTREE TR	FUTRE STRAT FD	97717W125	3,731	90,000	SH		SOLE	0	90,000	0	0
SCHWAB STRATEGIC TR	US MID-CAP ETF	808524508	1,005	29,035	SH		SOLE	0	0	0	29,035
SPDR SERIES TRUST	BRCLY EM LOCL	78464A391	260	8,594	SH		SOLE	0	0	0	8,594
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	3,332	135,000	SH		SOLE	1	135,000	0	0
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	78,631	3,186,028	SH		SOLE	0	1,378,300	0	1,807,728
ISHARES	HIGH DIVIDND ETF	46429B663	5,236	79,000	SH		SOLE	0	79,000	0	0
GENERAL MTRS CO	*W EXP 07/10/201	37045V118	3	117	SH		SOLE	0	0	0	117
GENERAL MTRS CO	*W EXP 07/10/201	37045V126	2	117	SH		SOLE	0	0	0	117
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	9,868	316,282	SH		SOLE	0	286,525	0	29,757
DBX ETF TR	XTRAK MSCI EAFE	233051200	2,579	100,000	SH		SOLE	0	100,000	0	0
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	2,045	19,496	SH		SOLE	1	19,496	0	0
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	27,755	264,585	SH		SOLE	0	214,995	0	49,590
ISHARES	FLTG RATE BD ETF	46429B655	6,614	130,501	SH		SOLE	1	130,501	0	0
ISHARES	FLTG RATE BD ETF	46429B655	39,483	779,059	SH		SOLE	0	771,716	0	7,343
SCHWAB STRATEGIC TR	US AGGREGATE B	808524839	174	3,416	SH		SOLE	0	0	0	3,416
ISHARES	EM MKT SM-CP ETF	464286475	3,975	86,000	SH		SOLE	0	86,000	0	0
ADVISORSHARES TR	TRIMTABS FLT	00768Y818	395	9,000	SH		SOLE	0	9,000	0	0
SCHWAB STRATEGIC TR	US DIVIDEND EQ	808524797	979	29,105	SH		SOLE	0	0	0	29,105
ISHARES	USA MIN VOL ETF	46429B697	17,705	532,756	SH		SOLE	0	80,000	0	452,756
ISHARES	EAFE MIN VOL ETF	46429B689	4,571	75,000	SH		SOLE	0	75,000	0	0
ISHARES	CNTRY MIN VL ETF	464286525	4,574	74,000	SH		SOLE	0	74,000	0	0
ISHARES	EM MK MINVOL ETF	464286533	9,806	167,000	SH		SOLE	0	167,000	0	0
ISHARES	EM MKTS CURR ETF	464286517	2,937	58,853	SH		SOLE	0	52,400	0	6,453
ISHARES	MSCI FRNTR100ETF	464286145	153	4,841	SH		SOLE	1	4,841	0	0
ISHARES	MSCI FRNTR100ETF	464286145	1,386	43,979	SH		SOLE	0	43,979	0	0
PIMCO ETF TR	TOTL RETN ETF	72201R775	1,832	17,300	SH		SOLE	1	17,300	0	0
PIMCO ETF TR	TOTL RETN ETF	72201R775	9,856	93,100	SH		SOLE	0	93,100	0	0
SPDR SER TR	SHT TRM HGH YLD	78468R408	412	13,483	SH		SOLE	1	13,483	0	0
SPDR SER TR	SHT TRM HGH YLD	78468R408	16,537	541,475	SH		SOLE	0	541,475	0	0
POWERSHARES ETF TRUST II	DWA SC TECHLDR	73936Q744	1,625	44,000	SH		SOLE	0	44,000	0	0
KRAFT FOODS GROUP INC	COM	50076Q106	63	1,201	SH		SOLE	0	0	0	1,201
MARKET VECTORS ETF TR	MKT VECTR WIDE	57060U134	75	2,778	SH		SOLE	1	2,778	0	0
MARKET VECTORS ETF TR	MKT VECTR WIDE	57060U134	6,511	239,800	SH		SOLE	0	239,800	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	249	5,127	SH		SOLE	1	5,127	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	5,614	115,400	SH		SOLE	0	114,650	0	750
SPDR SER TR	SPDR BOFA ML	78468R507	32	1,089	SH		SOLE	0	0	0	1,089
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	7,473	150,000	SH		SOLE	0	150,000	0	0
ISHARES TR	MSCI USAMOMFCT	46432F396	431	8,000	SH		SOLE	0	8,000	0	0
ISHARES TR	MSCI USA QLT FAC	46432F339	3,636	71,600	SH		SOLE	1	71,600	0	0
ISHARES TR	MSCI USA QLT FAC	46432F339	11,933	235,000	SH		SOLE	235,000	0	0	0