CLS Investments 13F-HR Quarterly holdings report by institutional manager

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
ISHARES	EMU ETF	464286608	33,487	792,218	SH		SOLE	0	785,200	0	7,018
ISHARES	EUROPE ETF	464287861	1,265	26,194	SH		SOLE	0	0	0	26,194
SPDR S&P 500 ETF TR	TR UNIT	78462F103	3,270	17,487	SH		SOLE	1	17,487	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	384	3,070	SH		SOLE	1	3,070	0	0
FEDEX CORP	COM	31428X106	21	161	SH		SOLE	0	0	0	161
HONEYWELL INTL INC	COM	438516106	19	200	SH		SOLE	0	0	0	200
CISCO SYS INC	COM	17275R102	2	92	SH		SOLE	0	0	0	92
ISHARES	MSCI GERMANY ETF	464286806	1,409	44,929	SH		SOLE	0	0	0	44,929
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	9,820	439,580	SH		SOLE	1	439,580	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	46,273	1,272,979	SH		SOLE	0	1,266,130	0	6,849
AFLAC INC	COM	001055102	470	7,458	SH		SOLE	0	0	0	7,458
TARGET CORP	COM	87612E106	1	20	SH		SOLE	0	0	0	20
CVS CAREMARK CORPORATION	COM	126650100	579	7,728	SH		SOLE	0	0	0	7,728
PROCTER & GAMBLE CO	COM	742718109	48	600	SH		SOLE	0	0	0	600
HARLEY DAVIDSON INC	COM	412822108	530	7,954	SH		SOLE	0	0	0	7,954
BROADCOM CORP	CL A	111320107	418	13,273	SH		SOLE	0	0	0	13,273
ISHARES	IBOXX INV CP ETF	464287242	2,163	18,500	SH		SOLE	1	18,500	0	0
ISHARES	NA TEC-SFTWR ETF	464287515	3,030	36,394	SH		SOLE	1	36,394	0	0
KINDER MORGAN ENERGY PARTNER	UT LTD PARTNER	494550106	18	245	SH		SOLE	0	0	0	245
VISHAY INTERTECHNOLOGY INC	COM	928298108	437	29,367	SH		SOLE	0	0	0	29,367
ISHARES	MSCI AC ASIA ETF	464288182	4,845	82,000	SH		SOLE	0	82,000	0	0
ENSCO PLC	SHS CLASS A	G3157S106	159	3,016	SH		SOLE	0	0	0	3,016
CADENCE DESIGN SYSTEM INC	COM	127387108	438	28,181	SH		SOLE	0	0	0	28,181
ISHARES	TIPS BD ETF	464287176	7,752	69,150	SH		SOLE	1	69,150	0	0
BUCKEYE PARTNERS L P	UNIT LTD PARTN	118230101	20	270	SH		SOLE	0	0	0	270
SONOCO PRODS CO	COM	835495102	152	3,700	SH		SOLE	0	0	0	3,700
VANGUARD INDEX FDS	VALUE ETF	922908744	14,868	190,351	SH		SOLE	0	134,470	0	55,881
INTUITIVE SURGICAL INC	COM NEW	46120E602	549	1,254	SH		SOLE	0	0	0	1,254
VANGUARD INDEX FDS	SMALL CP ETF	922908751	675	5,980	SH		SOLE	1	5,980	0	0
OLD DOMINION FGHT LINES INC	COM	679580100	378	6,666	SH		SOLE	0	0	0	6,666
ROYAL BK CDA MONTREAL QUE	COM	780087102	157	2,375	SH		SOLE	0	0	0	2,375
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	1,285	21,800	SH		SOLE	1	21,800	0	0
ISHARES	U.S. MED DVC ETF	464288810	6,324	64,000	SH		SOLE	0	64,000	0	0
SUN CMNTYS INC	COM	866674104	33	740	SH		SOLE	0	0	0	740
ISHARES	U.S. PHARMA ETF	464288836	5,549	43,800	SH		SOLE	0	43,800	0	0
PROSHARES TR	PSHS SHTRUSS2000	74347R826	6,561	397,135	SH		SOLE	0	392,000	0	5,135
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	24,838	493,691	SH		SOLE	0	428,500	0	65,191
POWERSHARES ETF TRUST	FINL PFD PTFL	73935X229	2,125	119,461	SH		SOLE	0	119,461	0	0
ISHARES	IBOXX HI YD ETF	464288513	2,521	26,710	SH		SOLE	1	26,710	0	0
BANK NEW YORK MELLON CORP	COM	064058100	583	16,521	SH		SOLE	0	0	0	16,521
WISDOMTREE TR	EMERG MKTS ETF	97717W315	31,654	645,082	SH		SOLE	0	603,000	0	42,082
ISHARES	JP MOR EM MK ETF	464288281	5,936	53,275	SH		SOLE	0	37,365	0	15,910
REVENUESHARES ETF TR	LARGECAP FD	761396100	814	22,000	SH		SOLE	1	22,000	0	0
REVENUESHARES ETF TR	LARGECAP FD	761396100	3,145	85,000	SH		SOLE	0	85,000	0	0
MONOTYPE IMAGING HOLDINGS IN	COM	61022P100	7	245	SH		SOLE	0	0	0	245
CLAYMORE EXCHANGE TRD FD TR	GUGG SHIPPNG ETF	18383Q796	2,075	95,000	SH		SOLE	0	95,000	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	8,138	95,768	SH		SOLE	0	89,025	0	6,743
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	532	9,921	SH		SOLE	0	0	0	9,921
SCHWAB STRATEGIC TR	US LCAP GR ETF	808524300	2,221	48,273	SH		SOLE	0	0	0	48,273
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	14	832	SH		SOLE	0	0	0	832
POWERSHARES ETF TR II	S&P SMCP IT PO	73937B860	2,858	63,000	SH		SOLE	0	63,000	0	0
ISHARES TR	MSCI POL CAP ETF	46429B606	481	16,000	SH		SOLE	0	16,000	0	0
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	2,018	59,300	SH		SOLE	0	59,300	0	0
ISHARES	EM MKT SM-CP ETF	464286475	3,433	71,000	SH		SOLE	0	71,000	0	0
MARKET VECTORS ETF TR	MKT VECTR WIDE	57060U134	81	2,778	SH		SOLE	1	2,778	0	0
ISHARES	CORE S&P500 ETF	464287200	602	3,200	SH		SOLE	1	3,200	0	0
ISHARES	S&P 500 GRWT ETF	464287309	30,218	302,669	SH		SOLE	0	274,060	0	28,609
ISHARES	RUS 1000 VAL ETF	464287598	21,293	220,658	SH		SOLE	0	67,000	0	153,658
ISHARES	RUSSELL 2000 ETF	464287655	10,157	87,301	SH		SOLE	0	69,880	0	17,421
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	952	3,800	SH		SOLE	1	3,800	0	0
BOEING CO	COM	097023105	13	100	SH		SOLE	0	0	0	100
ISHARES	RUS 2000 GRW ETF	464287648	2,857	21,000	SH		SOLE	0	21,000	0	0
DISNEY WALT CO	COM DISNEY	254687106	598	7,463	SH		SOLE	0	0	0	7,463
ISHARES	LATN AMER 40 ETF	464287390	25	688	SH		SOLE	0	0	0	688
MOLSON COORS BREWING CO	CL B	60871R209	159	2,698	SH		SOLE	0	0	0	2,698
ISHARES	MSCI ITALCPD ETF	464286855	134	7,560	SH		SOLE	1	7,560	0	0
ISHARES	GLOBAL ENERG ETF	464287341	202	4,626	SH		SOLE	1	4,626	0	0
ISHARES	GLOBAL TECH ETF	464287291	4,310	51,000	SH		SOLE	0	51,000	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	35,510	398,722	SH		SOLE	0	398,630	0	92
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	5,364	102,500	SH		SOLE	0	102,500	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	17,155	293,301	SH		SOLE	0	293,300	0	1
ISHARES	MSCI BRZ CAP ETF	464286400	143	3,180	SH		SOLE	1	3,180	0	0
MCDONALDS CORP	COM	580135101	11	115	SH		SOLE	0	0	0	115
PRICELINE COM INC	COM NEW	741503403	11	9	SH		SOLE	0	0	0	9
WELLS FARGO & CO NEW	COM	949746101	108	2,170	SH		SOLE	0	0	0	2,170
ISHARES	1-3 YR TR BD ETF	464287457	562	6,660	SH		SOLE	1	6,660	0	0
ISHARES	20+ YR TR BD ETF	464287432	2,100	19,250	SH		SOLE	0	19,000	0	250
ISHARES	IBOXX INV CP ETF	464287242	11,053	94,516	SH		SOLE	0	89,525	0	4,991
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	737	7,560	SH		SOLE	1	7,560	0	0
INTL PAPER CO	COM	460146103	145	3,162	SH		SOLE	0	0	0	3,162
EASTMAN CHEM CO	COM	277432100	535	6,200	SH		SOLE	0	0	0	6,200
ALLIANCEBERNSTEIN GBL HGH IN	COM	01879R106	3	184	SH		SOLE	0	0	0	184
AGL RES INC	COM	001204106	170	3,475	SH		SOLE	0	0	0	3,475
CARNIVAL CORP	PAIRED CTF	143658300	4	100	SH		SOLE	0	0	0	100
RAYONIER INC	COM	754907103	17	360	SH		SOLE	0	0	0	360
GOOGLE INC	CL A	38259P508	31	28	SH		SOLE	0	0	0	28
VANGUARD INDEX FDS	REIT ETF	922908553	207	2,926	SH		SOLE	0	0	0	2,926
REPUBLIC SVCS INC	COM	760759100	475	13,905	SH		SOLE	0	0	0	13,905
MOSAIC CO NEW	COM	61945C103	410	8,209	SH		SOLE	0	0	0	8,209
ALPHA NATURAL RESOURCES INC	COM	02076X102	0	100	SH		SOLE	0	0	0	100
SILVER WHEATON CORP	COM	828336107	8	352	SH		SOLE	0	0	0	352
POWERSHARES ETF TRUST	DYN LSR & ENT	73935X757	2,460	72,000	SH		SOLE	0	72,000	0	0
CLAYMORE EXCHANGE TRD FD TR	GUG MULTI ASSET	18383M506	360	14,325	SH		SOLE	0	0	0	14,325
POWERSHARES ETF TRUST	INTL DIV ACHV	73935X716	11,873	651,310	SH		SOLE	1	651,310	0	0
PROSHARES TR	PSHS SHTRUSS2000	74347R826	468	28,350	SH		SOLE	1	28,350	0	0
RYDEX ETF TRUST	GUG S&P500 PU VA	78355W304	5,140	100,000	SH		SOLE	0	100,000	0	0
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	8,889	109,486	SH		SOLE	0	85,885	0	23,601
ISHARES	3-7 YR TR BD ETF	464288661	8,512	70,512	SH		SOLE	0	70,500	0	12
ISHARES	EMU ETF	464286608	5,225	123,600	SH		SOLE	1	123,600	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	12,341	49,251	SH		SOLE	0	43,400	0	5,851
LOWES COS INC	COM	548661107	6	114	SH		SOLE	0	0	0	114
MICROSOFT CORP	COM	594918104	222	5,420	SH		SOLE	0	0	0	5,420
AT&T INC	COM	00206R102	19	530	SH		SOLE	0	0	0	530
CITIGROUP INC	COM NEW	172967424	12	262	SH		SOLE	0	0	0	262
INTERNATIONAL BUSINESS MACHS	COM	459200101	11	57	SH		SOLE	0	0	0	57
LOCKHEED MARTIN CORP	COM	539830109	40	246	SH		SOLE	0	0	0	246
ISHARES	U.S. INDS ETF	464287754	9,256	92,000	SH		SOLE	0	92,000	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	37,947	1,698,604	SH		SOLE	0	1,697,157	0	1,447
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	4,966	84,910	SH		SOLE	1	84,910	0	0
BAXTER INTL INC	COM	071813109	7	100	SH		SOLE	0	0	0	100
MONDELEZ INTL INC	CL A	609207105	123	3,554	SH		SOLE	0	0	0	3,554
ISHARES	1-3 YR TR BD ETF	464287457	34,026	402,913	SH		SOLE	0	391,400	0	11,513
ENCANA CORP	COM	292505104	2	105	SH		SOLE	0	0	0	105
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	8,777	90,053	SH		SOLE	0	67,060	0	22,993
ISHARES	MSCI EMG MKT ETF	464287234	11,683	284,876	SH		SOLE	0	206,580	0	78,296
AVERY DENNISON CORP	COM	053611109	475	9,373	SH		SOLE	0	0	0	9,373
MYLAN INC	COM	628530107	22	450	SH		SOLE	0	0	0	450
VANGUARD INDEX FDS	MID CAP ETF	922908629	899	7,917	SH		SOLE	0	0	0	7,917
TENNECO INC	COM	880349105	543	9,356	SH		SOLE	0	0	0	9,356
FUEL TECH INC	COM	359523107	1	100	SH		SOLE	0	0	0	100
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	8,224	314,872	SH		SOLE	0	306,800	0	8,072
RYDEX ETF TRUST	GUG RUSS TOP 50	78355W205	3,944	30,418	SH		SOLE	0	29,500	0	918
SPDR INDEX SHS FDS	STOXX EUR 50 ETF	78463X103	1,394	36,334	SH		SOLE	0	0	0	36,334
FIDELITY COMWLTH TR	NDQ CP IDX TRK	315912808	50	304	SH		SOLE	0	0	0	304
POWERSHARES ETF TRUST	INTL DIV ACHV	73935X716	41,826	2,294,330	SH		SOLE	0	2,294,330	0	0
SYNCHRONOSS TECHNOLOGIES INC	COM	87157B103	440	12,846	SH		SOLE	0	0	0	12,846
SPDR SERIES TRUST	OILGAS EQUIP	78464A748	3,808	83,000	SH		SOLE	0	83,000	0	0
ISHARES	IBOXX HI YD ETF	464288513	29,230	309,673	SH		SOLE	0	238,570	0	71,103
ISHARES	1-3 YR CR BD ETF	464288646	42,467	402,605	SH		SOLE	0	220,300	0	182,305
WISDOMTREE TR	EMERG MKTS ETF	97717W315	8,361	170,390	SH		SOLE	1	170,390	0	0
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	947	15,000	SH		SOLE	0	15,000	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG TIMBER ETF	18383Q879	4,227	167,000	SH		SOLE	0	167,000	0	0
ISHARES	JP MOR EM MK ETF	464288281	267	2,398	SH		SOLE	1	2,398	0	0
VANGUARD WORLD FD	MEGA GRWTH IND	921910816	275	3,800	SH		SOLE	1	3,800	0	0
ISHARES	MSCI ACWI US ETF	464288240	12,186	261,666	SH		SOLE	0	260,981	0	685
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	17,567	275,000	SH		SOLE	0	275,000	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG CHN SML CAP	18383Q853	187	7,340	SH		SOLE	1	7,340	0	0
PIMCO ETF TR	ENHAN SHRT MAT	72201R833	5,168	50,983	SH		SOLE	1	50,983	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	868	18,989	SH		SOLE	0	0	0	18,989
CLAYMORE EXCHANGE TRD FD TR	GUGG CRP BD 2014	18383M571	1,080	51,000	SH		SOLE	1	51,000	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG CRP BD 2015	18383M563	1,214	55,472	SH		SOLE	0	0	0	55,472
SCHWAB STRATEGIC TR	US DIVIDEND EQ	808524797	1,321	35,835	SH		SOLE	0	0	0	35,835
RETAIL PPTYS AMER INC	CL A	76131V202	5	403	SH		SOLE	0	0	0	403
MARKET VECTORS ETF TR	MKT VECTR WIDE	57060U134	8,283	282,600	SH		SOLE	0	282,600	0	0
ISHARES	MSCI HONG KG ETF	464286871	382	19,300	SH		SOLE	0	0	0	19,300
ISHARES	MSCI JAPAN ETF	464286848	9	782	SH		SOLE	0	0	0	782
ISHARES	S&P 500 VAL ETF	464287408	16,879	194,239	SH		SOLE	0	164,205	0	30,034
ISHARES	RUS 1000 GRW ETF	464287614	10,079	116,462	SH		SOLE	1	116,462	0	0
ISHARES	RUSSELL 3000 ETF	464287689	86	770	SH		SOLE	0	0	0	770
SPDR S&P 500 ETF TR	TR UNIT	78462F103	33,272	177,915	SH		SOLE	0	171,990	0	5,925
CONAGRA FOODS INC	COM	205887102	170	5,485	SH		SOLE	0	0	0	5,485
MEDTRONIC INC	COM	585055106	25	400	SH		SOLE	0	0	0	400
ISHARES	MSCI EAFE ETF	464287465	12,949	192,696	SH		SOLE	1	192,696	0	0
ISHARES	MSCI EAFE ETF	464287465	83,986	1,249,789	SH		SOLE	0	1,201,565	0	48,224
CA INC	COM	12673P105	32	1,043	SH		SOLE	0	0	0	1,043
ISHARES	MSCI CDA ETF	464286509	1,995	67,499	SH		SOLE	0	64,000	0	3,499
ISHARES	U.S. TELECOM ETF	464287713	869	29,000	SH		SOLE	0	29,000	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	4,168	96,800	SH		SOLE	1	96,800	0	0
ISHARES	N AMER TECH ETF	464287549	5,004	55,000	SH		SOLE	0	55,000	0	0
TOTAL S A	SPONSORED ADR	89151E109	184	2,803	SH		SOLE	0	0	0	2,803
GENERAL ELECTRIC CO	COM	369604103	41	1,601	SH		SOLE	0	0	0	1,601
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	37	938	SH		SOLE	0	0	0	938
SOUTHWEST AIRLS CO	COM	844741108	547	23,170	SH		SOLE	0	0	0	23,170
CONOCOPHILLIPS	COM	20825C104	188	2,678	SH		SOLE	0	0	0	2,678
ALLSTATE CORP	COM	020002101	419	7,398	SH		SOLE	0	0	0	7,398
SKYWORKS SOLUTIONS INC	COM	83088M102	534	14,237	SH		SOLE	0	0	0	14,237
ISHARES	S&P 100 ETF	464287101	1,673	20,200	SH		SOLE	1	20,200	0	0
ISHARES	S&P 100 ETF	464287101	67,689	817,399	SH		SOLE	0	282,000	0	535,399
ISHARES	CORE TOTUSBD ETF	464287226	11,710	108,515	SH		SOLE	0	90,626	0	17,889
ARRIS GROUP INC NEW	COM	04270V106	462	16,408	SH		SOLE	0	0	0	16,408
W P CAREY INC	COM	92936U109	167	2,773	SH		SOLE	0	0	0	2,773
ISHARES	TIPS BD ETF	464287176	29,999	267,607	SH		SOLE	0	265,000	0	2,607
SUBURBAN PROPANE PARTNERS L	UNIT LTD PARTN	864482104	11	270	SH		SOLE	0	0	0	270
SNAP ON INC	COM	833034101	189	1,670	SH		SOLE	0	0	0	1,670
COLUMBIA PPTY TR INC	COM NEW	198287203	96	3,523	SH		SOLE	0	0	0	3,523
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	5,619	52,555	SH		SOLE	0	45,850	0	6,705
POWERSHARES ETF TRUST	DYN PHRMA PORT	73935X799	4,135	73,000	SH		SOLE	0	73,000	0	0
FOSTER WHEELER AG	COM	H27178104	3	100	SH		SOLE	0	0	0	100
WOLVERINE WORLD WIDE INC	COM	978097103	7	230	SH		SOLE	0	0	0	230
ROCK-TENN CO	CL A	772739207	12	115	SH		SOLE	0	0	0	115
ISHARES	EAFE VALUE ETF	464288877	3,590	62,346	SH		SOLE	0	16,000	0	46,346
LINN ENERGY LLC	UNIT LTD LIAB	536020100	15	545	SH		SOLE	0	0	0	545
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	342	13,111	SH		SOLE	1	13,111	0	0
WISDOMTREE TR	INTL SMCAP DIV	97717W760	7,283	112,000	SH		SOLE	0	112,000	0	0
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	10,616	224,250	SH		SOLE	0	0	0	224,250
WISDOMTREE TR	LARGECAP DIVID	97717W307	33	489	SH		SOLE	0	0	0	489
POWERSHS DB MULTI SECT COMM	PS DB AGRICUL FD	73936B408	18,658	658,608	SH		SOLE	0	658,608	0	0
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	1,379	8,394	SH		SOLE	1	8,394	0	0
ISHARES	CORE S&P500 ETF	464287200	17,864	94,953	SH		SOLE	0	89,330	0	5,623
QUALCOMM INC	COM	747525103	748	9,488	SH		SOLE	0	0	0	9,488
PFIZER INC	COM	717081103	230	7,172	SH		SOLE	0	0	0	7,172
CHEVRON CORP NEW	COM	166764100	44	371	SH		SOLE	0	0	0	371
ISHARES	RUS MID-CAP ETF	464287499	3,819	24,674	SH		SOLE	0	17,230	0	7,444
ISHARES	GLOBAL 100 ETF	464287572	10,677	137,130	SH		SOLE	1	137,130	0	0
ISHARES	GLOBAL ENERG ETF	464287341	6,792	155,167	SH		SOLE	0	152,600	0	2,567
ISHARES	GLOB HLTHCRE ETF	464287325	4,098	45,000	SH		SOLE	0	45,000	0	0
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	124,586	1,656,074	SH		SOLE	0	1,152,316	0	503,758
AMETEK INC NEW	COM	031100100	8	157	SH		SOLE	0	0	0	157
EXXON MOBIL CORP	COM	30231G102	29	296	SH		SOLE	0	0	0	296
NIKE INC	CL B	654106103	13	180	SH		SOLE	0	0	0	180
ISHARES	7-10 Y TR BD ETF	464287440	6	58	SH		SOLE	0	0	0	58
FISERV INC	COM	337738108	21	370	SH		SOLE	0	0	0	370
NORFOLK SOUTHERN CORP	COM	655844108	393	4,043	SH		SOLE	0	0	0	4,043
VANGUARD WORLD FDS	CONSUM STP ETF	92204A207	1,329	12,000	SH		SOLE	0	12,000	0	0
ISHARES	MSCI EMG MKT ETF	464287234	1,645	40,100	SH		SOLE	1	40,100	0	0
AMERICA MOVIL SAB DE CV	SPON ADR L SHS	02364W105	12	600	SH		SOLE	0	0	0	600
EXPRESS SCRIPTS HLDG CO	COM	30219G108	12	162	SH		SOLE	0	0	0	162
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	21,652	533,556	SH		SOLE	0	0	0	533,556
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	749	4	SH		SOLE	0	0	0	4
BLACKROCK DEBT STRAT FD INC	COM	09255R103	2	450	SH		SOLE	0	0	0	450
BHP BILLITON LTD	SPONSORED ADR	088606108	26	380	SH		SOLE	0	0	0	380
TRAVELERS COMPANIES INC	COM	89417E109	164	1,923	SH		SOLE	0	0	0	1,923
CBIZ INC	COM	124805102	14	1,544	SH		SOLE	0	0	0	1,544
SPDR GOLD TRUST	GOLD SHS	78463V107	29	237	SH		SOLE	0	0	0	237
VANGUARD INDEX FDS	GROWTH ETF	922908736	32,190	344,349	SH		SOLE	0	199,365	0	144,984
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	411	3,309	SH		SOLE	0	0	0	3,309
POWERSHARES ETF TRUST	S&P 500 HGH QLTY	73935X682	683	33,000	SH		SOLE	1	33,000	0	0
WYNN RESORTS LTD	COM	983134107	657	2,958	SH		SOLE	0	0	0	2,958
VANGUARD WORLD FDS	INDUSTRIAL ETF	92204A603	2,213	22,000	SH		SOLE	0	22,000	0	0
MASTERCARD INC	CL A	57636Q104	4	51	SH		SOLE	0	0	0	51
SEABRIDGE GOLD INC	COM	811916105	1	100	SH		SOLE	0	0	0	100
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	7,323	85,130	SH		SOLE	1	85,130	0	0
POWERSHS DB MULTI SECT COMM	PS DB AGRICUL FD	73936B408	5,428	191,592	SH		SOLE	1	191,592	0	0
VANGUARD INDEX FDS	MCAP GR IDXVIP	922908538	2,657	28,686	SH		SOLE	0	0	0	28,686
SPDR SERIES TRUST	S&P INS ETF	78464A789	3,858	62,000	SH		SOLE	0	62,000	0	0
HSBC HLDGS PLC	ADR A 1/40PF A	404280604	18	705	SH		SOLE	0	0	0	705
POWERSHS DB MULTI SECT COMM	DB PREC MTLS	73936B200	4	93	SH		SOLE	0	0	0	93
SPDR INDEX SHS FDS	MSCI ACWI EXUS	78463X848	482	13,454	SH		SOLE	0	0	0	13,454
RYDEX ETF TRUST	GUG S&P500EQWTTE	78355W817	730	9,099	SH		SOLE	0	0	0	9,099
BLACKROCK REAL ASSET EQUITY	COM	09254B109	49	5,550	SH		SOLE	0	0	0	5,550
FIRST TR EXCHANGE TRADED FD	DJ INTERNT IDX	33733E302	3,365	57,000	SH		SOLE	0	57,000	0	0
SPDR SERIES TRUST	NUVN BRCLY MUNI	78464A458	2,509	107,920	SH		SOLE	0	0	0	107,920
GREENHAVEN CONT CMDTY INDEX	UNIT BEN INT	395258106	3,100	110,000	SH		SOLE	0	110,000	0	0
FIRST TR US IPO INDEX FD	SHS	336920103	2,203	48,000	SH		SOLE	0	48,000	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG CHN SML CAP	18383Q853	2,193	86,200	SH		SOLE	0	86,200	0	0
POWERSHARES GLOBAL ETF TRUST	AGG PFD PORT	73936T565	1,265	88,700	SH		SOLE	0	88,700	0	0
ISHARES	RUS TP200 GR ETF	464289438	2,877	63,500	SH		SOLE	1	63,500	0	0
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	2,121	41,000	SH		SOLE	0	41,000	0	0
POWERSHARES ETF TR II	S&P SMCP IND P	73937B878	2,066	45,000	SH		SOLE	0	45,000	0	0
ISHARES TR	IRELAND CAPD ETF	46429B507	1,965	50,000	SH		SOLE	0	50,000	0	0
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	255	5,035	SH		SOLE	0	0	0	5,035
VISTEON CORP	COM NEW	92839U206	405	4,580	SH		SOLE	0	0	0	4,580
GENERAL MTRS CO	COM	37045V100	5	134	SH		SOLE	0	0	0	134
ADVISORSHARES TR	PERITUS HG YLD	00768Y503	1,805	34,317	SH		SOLE	0	33,700	0	617
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	2,107	84,928	SH		SOLE	1	84,928	0	0
ISHARES TR	USA MIN VOL ETF	46429B697	3,188	88,434	SH		SOLE	0	80,000	0	8,434
PIMCO ETF TR	TOTL RETN ETF	72201R775	3,125	29,300	SH		SOLE	1	29,300	0	0
SPDR SER TR	SHT TRM HGH YLD	78468R408	418	13,483	SH		SOLE	1	13,483	0	0
WISDOMTREE TR	EMG MKTS SMCAP	97717W281	1,431	30,700	SH		SOLE	0	30,700	0	0
VISA INC	COM CL A	92826C839	65	302	SH		SOLE	0	0	0	302
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	5,283	82,699	SH		SOLE	1	82,699	0	0
RYDEX ETF TRUST	GUG S&P500EQWTEN	78355W866	18	225	SH		SOLE	0	0	0	225
PROSHARES TR	PSHS ULTSH 20YRS	74347B201	34	500	SH		SOLE	0	500	0	0
PROSHARES TR	PSHS LC COR PLUS	74347R248	4,135	46,000	SH		SOLE	0	46,000	0	0
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	6,868	85,875	SH		SOLE	0	85,875	0	0
SPDR SERIES TRUST	BARC SHT TR CP	78464A474	18,421	598,866	SH		SOLE	0	598,866	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG CRP BD 2014	18383M571	8,322	393,097	SH		SOLE	0	361,030	0	32,067
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	25	3,143	SH		SOLE	0	0	0	3,143
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	72,360	2,916,554	SH		SOLE	0	1,157,310	0	1,759,244
GENERAL MTRS CO	*W EXP 07/10/201	37045V126	2	123	SH		SOLE	0	0	0	123
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	28,989	271,917	SH		SOLE	0	215,995	0	55,922
ISHARES TR	FLTG RATE BD ETF	46429B655	42,727	842,582	SH		SOLE	0	832,816	0	9,766
SCHWAB STRATEGIC TR	US AGGREGATE B	808524839	464	9,075	SH		SOLE	0	0	0	9,075
ISHARES TR	EAFE MIN VOL ETF	46429B689	3,891	62,000	SH		SOLE	0	62,000	0	0
ISHARES	CNTRY MIN VL ETF	464286525	4,054	63,000	SH		SOLE	0	63,000	0	0
ISHARES	MSCI FRNTR100ETF	464286145	297	8,191	SH		SOLE	1	8,191	0	0
ISHARES TR	U.S. TRS BD ETF	46429B267	194	7,917	SH		SOLE	0	0	0	7,917
ISHARES INC	CORE MSCI EMKT	46434G103	7,529	153,397	SH		SOLE	0	148,000	0	5,397
ISHARES	INTL SEL DIV ETF	464288448	8,083	209,197	SH		SOLE	0	208,000	0	1,197
SPDR SERIES TRUST	BRC CNV SECS ETF	78464A359	32	666	SH		SOLE	0	0	0	666
WISDOMTREE TR	EMG MKTS SMCAP	97717W281	156	3,350	SH		SOLE	1	3,350	0	0
ISHARES	INTL DEV RE ETF	464288489	1,708	56,855	SH		SOLE	0	0	0	56,855
VANGUARD WORLD FD	MEGA GRWTH IND	921910816	12,627	174,401	SH		SOLE	0	161,200	0	13,201
SPDR SERIES TRUST	DB INT GVT ETF	78464A490	4,437	73,841	SH		SOLE	0	63,675	0	10,166
PHILIP MORRIS INTL INC	COM	718172109	10	125	SH		SOLE	0	0	0	125
VANGUARD NAT RES LLC	COM UNIT	92205F106	21	720	SH		SOLE	0	0	0	720
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	501	5,900	SH		SOLE	1	5,900	0	0
ETFS GOLD TR	SHS	26922Y105	7	59	SH		SOLE	0	0	0	59
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	686	16,642	SH		SOLE	0	0	0	16,642
POWERSHARES ETF TRUST II	KBW YIELD REIT	73936Q819	22	695	SH		SOLE	0	0	0	695
GENERAL MTRS CO	*W EXP 07/10/201	37045V118	3	123	SH		SOLE	0	0	0	123
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	2,132	19,996	SH		SOLE	1	19,996	0	0
ISHARES	MSCI FRNTR100ETF	464286145	2,682	73,979	SH		SOLE	0	73,979	0	0
ISHARES TR	MSCI USA QLT FAC	46432F339	10,580	187,817	SH		SOLE	1	187,817	0	0
ISHARES	CORE S&P MCP ETF	464287507	18,682	135,897	SH		SOLE	0	33,070	0	102,827
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	3,604	28,836	SH		SOLE	0	27,230	0	1,606
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	11,000	125,474	SH		SOLE	1	125,474	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	52,309	596,662	SH		SOLE	0	590,420	0	6,242
ABBOTT LABS	COM	002824100	12	300	SH		SOLE	0	0	0	300
ALTRIA GROUP INC	COM	02209S103	12	315	SH		SOLE	0	0	0	315
SHERWIN WILLIAMS CO	COM	824348106	131	664	SH		SOLE	0	0	0	664
PPG INDS INC	COM	693506107	11	59	SH		SOLE	0	0	0	59
ISHARES	GLOBAL 100 ETF	464287572	37,598	482,900	SH		SOLE	0	482,900	0	0
ISHARES	U.S. FINLS ETF	464287788	6,377	78,000	SH		SOLE	0	78,000	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	3,579	75,700	SH		SOLE	0	75,700	0	0
ISHARES	MSCI MEX CAP ETF	464286822	114	1,780	SH	��	SOLE	1	1,780	0	0
ISHARES	MSCI SPAN CP ETF	464286764	1,306	32,000	SH		SOLE	0	32,000	0	0
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	24,743	328,897	SH		SOLE	1	328,897	0	0
UNION PAC CORP	COM	907818108	236	1,255	SH		SOLE	0	0	0	1,255
ISHARES	20+ YR TR BD ETF	464287432	546	5,000	SH		SOLE	1	5,000	0	0
PRAXAIR INC	COM	74005P104	426	3,251	SH		SOLE	0	0	0	3,251
FORD MTR CO DEL	COM PAR $0.01	345370860	84	5,378	SH		SOLE	0	0	0	5,378
UNITEDHEALTH GROUP INC	COM	91324P102	574	7,005	SH		SOLE	0	0	0	7,005
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	12	155	SH		SOLE	0	0	0	155
ISHARES	NA TEC MULTM ETF	464287531	2,132	62,000	SH		SOLE	0	62,000	0	0
GENERAL MLS INC	COM	370334104	32	620	SH		SOLE	0	0	0	620
ISHARES	SELECT DIVID ETF	464287168	6,157	83,976	SH		SOLE	0	0	0	83,976
WEYERHAEUSER CO	COM	962166104	151	5,146	SH		SOLE	0	0	0	5,146
MAGNA INTL INC	COM	559222401	665	6,900	SH		SOLE	0	0	0	6,900
POWERSHARES ETF TRUST	DYNAMIC MKT PT	73935X104	5,565	78,000	SH		SOLE	0	78,000	0	0
VANGUARD INTL EQUITY INDEX F	MEGA CAP GRO ETF	922042866	1,135	19,212	SH		SOLE	0	19,000	0	212
VANGUARD WORLD FDS	MATERIALS ETF	92204A801	1,169	11,000	SH		SOLE	0	11,000	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	932	9,971	SH		SOLE	1	9,971	0	0
GUESS INC	COM	401617105	372	13,496	SH		SOLE	0	0	0	13,496
POWERSHARES ETF TRUST	S&P 500 HGH QLTY	73935X682	9,382	453,000	SH		SOLE	0	453,000	0	0
NUVEEN CALIF PERFORM PLUS MU	COM	67062Q106	57	4,141	SH		SOLE	0	0	0	4,141
SPDR SERIES TRUST	NUVN BR SHT MUNI	78464A425	914	37,665	SH		SOLE	1	37,665	0	0
SPDR SERIES TRUST	NUVN BR SHT MUNI	78464A425	19,067	785,958	SH		SOLE	0	514,135	0	271,823
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	38,293	649,585	SH		SOLE	0	107,000	0	542,585
ISHARES	U.S. INSRNCE ETF	464288786	8,587	187,000	SH		SOLE	0	187,000	0	0
WISDOMTREE TR	MIDCAP DIVI FD	97717W505	2,910	37,762	SH		SOLE	0	0	0	37,762
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	31,016	360,569	SH		SOLE	0	341,090	0	19,479
SPDR SERIES TRUST	S&P INS ETF	78464A789	940	15,100	SH		SOLE	1	15,100	0	0
FIRST TR EXCHANGE TRADED FD	CAP STRENGTH ETF	33733E104	1,055	31,000	SH		SOLE	0	31,000	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG SPINOFF ETF	18383M605	4,400	97,000	SH		SOLE	0	97,000	0	0
ISHARES	GLOB INDSTRL ETF	464288729	6,264	88,000	SH		SOLE	0	88,000	0	0
HORMEL FOODS CORP	COM	440452100	574	11,649	SH		SOLE	0	0	0	11,649
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	161	3,012	SH		SOLE	0	0	0	3,012
INTEL CORP	COM	458140100	193	7,463	SH		SOLE	0	0	0	7,463
JOHNSON & JOHNSON	COM	478160104	85	868	SH		SOLE	0	0	0	868
ISHARES	US OIL EQ&SV ETF	464288844	615	9,000	SH		SOLE	0	9,000	0	0
ISHARES	MSCI ITALCPD ETF	464286855	3,560	201,000	SH		SOLE	0	201,000	0	0
ISHARES	RUS MID-CAP ETF	464287499	299	1,935	SH		SOLE	1	1,935	0	0
ISHARES	RUS MD CP GR ETF	464287481	15,159	176,677	SH		SOLE	0	36,000	0	140,677
ISHARES	US HLTHCARE ETF	464287762	9,491	77,144	SH		SOLE	0	77,000	0	144
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	264	5,580	SH		SOLE	1	5,580	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	12,507	344,066	SH		SOLE	1	344,066	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	13,779	320,001	SH		SOLE	0	320,000	0	1
MERCK & CO INC NEW	COM	58933Y105	23	400	SH		SOLE	0	0	0	400
TEMPLETON GLOBAL INCOME FD	COM	880198106	5	666	SH		SOLE	0	0	0	666
UNITED TECHNOLOGIES CORP	COM	913017109	7	63	SH		SOLE	0	0	0	63
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	7,299	100,000	SH		SOLE	0	100,000	0	0
ISHARES	NA TEC-SFTWR ETF	464287515	21,256	255,300	SH		SOLE	0	255,300	0	0
ROYAL CARIBBEAN CRUISES LTD	COM	V7780T103	431	7,895	SH		SOLE	0	0	0	7,895
ISHARES	MRNGSTR LG-CP ET	464287127	7,189	65,000	SH		SOLE	0	65,000	0	0
SOUTHERN COPPER CORP	COM	84265V105	0	2	SH		SOLE	0	0	0	2
AMPHENOL CORP NEW	CL A	032095101	9	100	SH		SOLE	0	0	0	100
ISHARES	3YRTB ETF	464288125	537	5,600	SH		SOLE	0	5,600	0	0
HALCON RES CORP	COM NEW	40537Q209	73	16,914	SH		SOLE	0	0	0	16,914
NRG ENERGY INC	COM NEW	629377508	3	100	SH		SOLE	0	0	0	100
POWERSHARES ETF TRUST	FTSE RAFI 1000	73935X583	2,708	32,000	SH		SOLE	0	32,000	0	0
SPDR SERIES TRUST	S&P CAP MKTS	78464A771	2,353	48,000	SH		SOLE	0	48,000	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	35,261	385,243	SH		SOLE	0	191,650	0	193,593
WISDOMTREE TR	EUROPE SMCP DV	97717W869	5,315	85,000	SH		SOLE	0	85,000	0	0
MARKET VECTORS ETF TR	HG YLD MUN ETF	57060U878	265	8,975	SH		SOLE	0	0	0	8,975
WISDOMTREE TR	DEFA FD	97717W703	377	6,903	SH		SOLE	0	0	0	6,903
WISDOMTREE TR	GLB EX UD DVD GR	97717W844	1,135	22,000	SH		SOLE	1	22,000	0	0
WISDOMTREE TR	SMALLCAP DIVID	97717W604	830	12,164	SH		SOLE	0	0	0	12,164
POWERSHARES ETF TRUST	GBL LSTD PVT EQT	73935X195	5,492	452,000	SH		SOLE	0	452,000	0	0
PROSHARES TR	PSHS SHRT S&P500	74347R503	34,376	1,393,435	SH		SOLE	0	813,000	0	580,435
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	116	1,451	SH		SOLE	0	0	0	1,451
FIRST MAJESTIC SILVER CORP	COM	32076V103	8	788	SH		SOLE	0	0	0	788
POWERSHARES GLOBAL ETF TRUST	SOVEREIGN DEBT	73936T573	9,231	329,678	SH		SOLE	0	0	0	329,678
GREENHAVEN CONT CMDTY INDEX	UNIT BEN INT	395258106	352	12,480	SH		SOLE	1	12,480	0	0
ISHARES	MSCI JAPN SMCETF	464286582	682	13,000	SH		SOLE	0	13,000	0	0
MARKET VECTORS ETF TR	GAMING ETF	57060U829	2,011	39,000	SH		SOLE	0	39,000	0	0
POWERSHARES GLOBAL ETF TRUST	FDM HG YLD RAFI	73936T557	723	37,246	SH		SOLE	0	0	0	37,246
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	30,343	184,745	SH		SOLE	0	177,686	0	7,059
ISHARES	S&P MC 400GR ETF	464287606	258	1,686	SH		SOLE	0	0	0	1,686
ISHARES	RUS 1000 GRW ETF	464287614	97,604	1,127,850	SH		SOLE	0	685,040	0	442,810
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	11	200	SH		SOLE	0	0	0	200
ORACLE CORP	COM	68389X105	491	12,011	SH		SOLE	0	0	0	12,011
PEPSICO INC	COM	713448108	42	500	SH		SOLE	0	0	0	500
ISHARES	RUS MDCP VAL ETF	464287473	1,100	16,000	SH		SOLE	0	16,000	0	0
ISHARES	U.S. ENERGY ETF	464287796	58	1,138	SH		SOLE	0	0	0	1,138
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	8,473	95,133	SH		SOLE	1	95,133	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	567	10,842	SH		SOLE	1	10,842	0	0
ISHARES	MSCI TAIWAN ETF	464286731	6	432	SH		SOLE	0	0	0	432
ISHARES	MSCI BRZ CAP ETF	464286400	1,283	28,500	SH		SOLE	0	28,500	0	0
ISHARES	MSCI MEX CAP ETF	464286822	1,049	16,400	SH		SOLE	0	16,400	0	0
ISHARES	MSCI UK ETF	464286699	1,071	52,000	SH		SOLE	0	52,000	0	0
BANK OF AMERICA CORPORATION	COM	060505104	34	1,960	SH		SOLE	0	0	0	1,960
UNILEVER PLC	SPON ADR NEW	904767704	26	600	SH		SOLE	0	0	0	600
GILEAD SCIENCES INC	COM	375558103	7	100	SH		SOLE	0	0	0	100
APPLE INC	COM	037833100	485	903	SH		SOLE	0	0	0	903
AMERICAN STRATEGIC INCOME II	COM	03009T101	8	1,160	SH		SOLE	0	0	0	1,160
PETSMART INC	COM	716768106	640	9,285	SH		SOLE	0	0	0	9,285
ISHARES	PHLX SEMICND ETF	464287523	3,905	49,000	SH		SOLE	0	49,000	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	458	5,877	SH		SOLE	0	0	0	5,877
PIMCO CORPORATE & INCOME OPP	COM	72201B101	25	1,380	SH		SOLE	0	0	0	1,380
DOLLAR GEN CORP NEW	COM	256677105	2	42	SH		SOLE	0	0	0	42
BAKER HUGHES INC	COM	057224107	465	7,148	SH		SOLE	0	0	0	7,148
ISHARES	MRGSTR MD CP ETF	464288208	141	1,045	SH		SOLE	0	0	0	1,045
ISHARES	MRNGSTR LG-CP GR	464287119	6,375	64,000	SH		SOLE	0	64,000	0	0
ISHARES	MRNGSTR LG-CP VL	464288109	5,633	69,000	SH		SOLE	0	69,000	0	0
ISHARES	CHINA LG-CAP ETF	464287184	8	216	SH		SOLE	0	0	0	216
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	546	5,110	SH		SOLE	1	5,110	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	18,353	162,488	SH		SOLE	0	53,750	0	108,738
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	518	13,748	SH		SOLE	0	0	0	13,748
ISHARES	EAFE GRWTH ETF	464288885	7,176	101,145	SH		SOLE	0	0	0	101,145
ATWOOD OCEANICS INC	COM	050095108	10	200	SH		SOLE	0	0	0	200
VANGUARD WORLD FDS	INF TECH ETF	92204A702	3,588	39,200	SH		SOLE	1	39,200	0	0
CDN IMPERIAL BK OF COMMERCE	COM	136069101	168	1,949	SH		SOLE	0	0	0	1,949
PROSHARES TR	PSHS SHORT DOW30	74347R701	7,756	298,079	SH		SOLE	0	296,600	0	1,479
WISDOMTREE TR	GLB EX UD DVD GR	97717W844	4,057	78,628	SH		SOLE	0	78,000	0	628
IHS INC	CL A	451734107	9	70	SH		SOLE	0	0	0	70
ISHARES	U.S. PHARMA ETF	464288836	1,672	13,200	SH		SOLE	1	13,200	0	0
SPDR SERIES TRUST	S&P REGL BKG	78464A698	1,903	46,000	SH		SOLE	0	46,000	0	0
SPDR SERIES TRUST	S&P BK ETF	78464A797	562	16,500	SH		SOLE	0	16,500	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	6,170	122,630	SH		SOLE	1	122,630	0	0
FIRST TR EXCHANGE TRADED FD	NASDAQ 100 EX	33733E401	1,625	47,000	SH		SOLE	0	47,000	0	0
ISHARES	SHT NTLAMTFR ETF	464288158	1,748	16,450	SH		SOLE	0	16,450	0	0
PIMCO ETF TR	1-5 US TIP IDX	72201R205	3,127	59,064	SH		SOLE	0	57,500	0	1,564
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	993	40,818	SH		SOLE	0	0	0	40,818
SENSATA TECHNOLOGIES HLDG BV	SHS	N7902X106	504	11,828	SH		SOLE	0	0	0	11,828
ALPS ETF TR	ALERIAN MLP	00162Q866	7,052	399,347	SH		SOLE	0	208,000	0	191,347
SCHWAB STRATEGIC TR	US MID-CAP ETF	808524508	1,297	33,591	SH		SOLE	0	0	0	33,591
SPDR SERIES TRUST	BRCLY EM LOCL	78464A391	351	11,827	SH		SOLE	0	0	0	11,827
ADVISORSHARES TR	TRIMTABS FLT	00768Y818	1,191	24,000	SH		SOLE	0	24,000	0	0
ISHARES	EM MKTS CURR ETF	464286517	2,604	52,400	SH		SOLE	0	52,400	0	0
PIMCO ETF TR	TOTL RETN ETF	72201R775	15,114	141,700	SH		SOLE	0	141,700	0	0
SPDR SER TR	SHT TRM HGH YLD	78468R408	15,392	496,981	SH		SOLE	0	494,975	0	2,006
ISHARES TR	MSCI USAVALFCT	46432F388	484	8,000	SH		SOLE	0	8,000	0	0
ISHARES	CREDIT BD ETF	464288620	6,061	55,347	SH		SOLE	0	33,450	0	21,897
ISHARES	1-3 YR CR BD ETF	464288646	2,363	22,400	SH		SOLE	1	22,400	0	0
VMWARE INC	CL A COM	928563402	437	4,048	SH		SOLE	0	0	0	4,048
ISHARES	NAT AMT FREE BD	464288414	6,130	57,255	SH		SOLE	0	24,775	0	32,480
SPDR SERIES TRUST	NUVN CALI MUNI	78464A441	173	7,526	SH		SOLE	0	0	0	7,526
B & G FOODS INC NEW	COM	05508R106	45	1,500	SH		SOLE	0	0	0	1,500
ENTERPRISE FINL SVCS CORP	COM	293712105	40	1,995	SH		SOLE	0	0	0	1,995
PIMCO ETF TR	ENHAN SHRT MAT	72201R833	47,654	470,099	SH		SOLE	0	463,015	0	7,084
ISHARES	RUS TP200 GR ETF	464289438	9,264	204,500	SH		SOLE	0	204,500	0	0
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	121	3,836	SH		SOLE	0	0	0	3,836
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	1,761	39,386	SH		SOLE	0	0	0	39,386
UNITED STS COMMODITY INDEX F	COMM IDX FND	911717106	93	1,589	SH		SOLE	0	0	0	1,589
ETFS WHITE METALS BASKET TR	PHY WM BSK SHS	26923B104	3	64	SH		SOLE	0	0	0	64
WISDOMTREE TR	FUTRE STRAT FD	97717W125	53	1,300	SH		SOLE	1	1,300	0	0
DBX ETF TR	XTRAK MSCI EAFE	233051200	3,527	130,000	SH		SOLE	0	130,000	0	0
ISHARES TR	FLTG RATE BD ETF	46429B655	6,805	134,191	SH		SOLE	1	134,191	0	0
POWERSHARES ETF TR II	KBW RG BK PORT	73937B712	481	12,000	SH		SOLE	0	12,000	0	0
GLOBAL X FDS	FTSE GREECE 20	37950E366	126	5,120	SH		SOLE	1	5,120	0	0
SOLARCITY CORP	COM	83416T100	44	705	SH		SOLE	0	0	0	705
ISHARES TR	MSCI USA QLT FAC	46432F339	45,111	800,833	SH		SOLE	0	799,313	0	1,520
ISHARES	MBS ETF	464288588	229	2,159	SH		SOLE	0	0	0	2,159
ISHARES	U.S. PFD STK ETF	464288687	19,103	489,450	SH		SOLE	0	140,775	0	348,675
SPDR INDEX SHS FDS	EUROPE ETF	78463X608	7	191	SH		SOLE	0	0	0	191
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	249	11,620	SH		SOLE	1	11,620	0	0
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	18,918	881,551	SH		SOLE	0	274,000	0	607,551
ISHARES	INTERM CR BD ETF	464288638	13,788	126,424	SH		SOLE	0	109,380	0	17,044
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	396	9,587	SH		SOLE	0	0	0	9,587
ISHARES	MSCI ACWI US ETF	464288240	1,352	29,023	SH		SOLE	1	29,023	0	0
SPDR SERIES TRUST	BARC SHT TR CP	78464A474	3,398	110,480	SH		SOLE	1	110,480	0	0
TESLA MTRS INC	COM	88160R101	21	100	SH		SOLE	0	0	0	100
ALPS ETF TR	ALERIAN MLP	00162Q866	952	53,900	SH		SOLE	1	53,900	0	0
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	486	9,000	SH		SOLE	1	9,000	0	0
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	1,888	35,000	SH		SOLE	0	35,000	0	0
WISDOMTREE TR	FUTRE STRAT FD	97717W125	2,587	63,000	SH		SOLE	0	63,000	0	0
ISHARES	EM MK MINVOL ETF	464286533	3,203	56,000	SH		SOLE	0	56,000	0	0
CRESTWOOD MIDSTREAM PARTNERS	UNIT LTD PARTNER	226378107	24	1,080	SH		SOLE	0	0	0	1,080
GLOBAL X FDS	FTSE GREECE 20	37950E366	1,130	46,000	SH		SOLE	0	46,000	0	0
KRAFT FOODS GROUP INC	COM	50076Q106	65	1,153	SH		SOLE	0	0	0	1,153
SPDR SER TR	SPDR BOFA ML	78468R507	76	2,565	SH		SOLE	0	0	0	2,565
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	6,285	125,652	SH		SOLE	0	125,000	0	652
ISHARES TR	MSCI USAMOMFCT	46432F396	3,681	61,000	SH		SOLE	0	61,000	0	0
FIDELITY	MSCI INFO TECH I	316092808	1,963	71,000	SH		SOLE	0	71,000	0	0