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
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	30,412	181,145	SH		SOLE	0	174,086	0	7,059
ISHARES	MSCI HONG KG ETF	464286871	363	17,390	SH		SOLE	0	0	0	17,390
ISHARES	EMU ETF	464286608	5,231	123,600	SH		SOLE	1	123,600	0	0
ISHARES	CORE S&P MCP ETF	464287507	19,295	134,853	SH		SOLE	0	31,550	0	103,303
ISHARES	S&P MC 400GR ETF	464287606	100	637	SH		SOLE	0	0	0	637
ISHARES	S&P 500 VAL ETF	464287408	20,981	232,396	SH		SOLE	0	200,545	0	31,851
ISHARES	RUS 1000 GRW ETF	464287614	10,590	116,462	SH		SOLE	1	116,462	0	0
ISHARES	RUS 1000 GRW ETF	464287614	103,416	1,137,316	SH		SOLE	0	685,040	0	452,276
ISHARES	RUSSELL 3000 ETF	464287689	280	2,379	SH		SOLE	0	0	0	2,379
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	10,247	39,327	SH		SOLE	0	33,600	0	5,727
SPDR S&P 500 ETF TR	TR UNIT	78462F103	25,027	127,869	SH		SOLE	0	121,890	0	5,979
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	3,649	28,836	SH		SOLE	0	27,230	0	1,606
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	10	200	SH		SOLE	0	0	0	200
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	11,783	125,474	SH		SOLE	1	125,474	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	54,690	582,361	SH		SOLE	0	577,420	0	4,941
CONAGRA FOODS INC	COM	205887102	61	2,050	SH		SOLE	0	0	0	2,050
ALTRIA GROUP INC	COM	02209S103	13	315	SH		SOLE	0	0	0	315
ORACLE CORP	COM	68389X105	466	11,499	SH		SOLE	0	0	0	11,499
SHERWIN WILLIAMS CO	COM	824348106	137	664	SH		SOLE	0	0	0	664
MEDTRONIC INC	COM	585055106	26	400	SH		SOLE	0	0	0	400
LOWES COS INC	COM	548661107	5	114	SH		SOLE	0	0	0	114
ISHARES	MSCI EAFE ETF	464287465	13,175	192,696	SH		SOLE	1	192,696	0	0
ISHARES	MSCI EAFE ETF	464287465	86,543	1,265,800	SH		SOLE	0	1,218,075	0	47,725
MICROSOFT CORP	COM	594918104	187	4,483	SH		SOLE	0	0	0	4,483
CITIGROUP INC	COM NEW	172967424	8	162	SH		SOLE	0	0	0	162
CA INC	COM	12673P105	30	1,052	SH		SOLE	0	0	0	1,052
INTERNATIONAL BUSINESS MACHS	COM	459200101	10	57	SH		SOLE	0	0	0	57
LOCKHEED MARTIN CORP	COM	539830109	40	246	SH		SOLE	0	0	0	246
PPG INDS INC	COM	693506107	12	59	SH		SOLE	0	0	0	59
ISHARES	MSCI CDA ETF	464286509	2,168	67,299	SH		SOLE	0	64,000	0	3,299
ISHARES	RUS MDCP VAL ETF	464287473	1,162	16,000	SH		SOLE	0	16,000	0	0
ISHARES	GLOBAL 100 ETF	464287572	38,024	482,900	SH		SOLE	0	482,900	0	0
ISHARES	U.S. ENERGY ETF	464287796	12	219	SH		SOLE	0	0	0	219
ISHARES	U.S. FINLS ETF	464287788	6,485	78,000	SH		SOLE	0	78,000	0	0
ISHARES	U.S. INDS ETF	464287754	8,184	79,000	SH		SOLE	0	79,000	0	0
ISHARES	U.S. TELECOM ETF	464287713	546	18,000	SH		SOLE	0	18,000	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	3,758	75,700	SH		SOLE	0	75,700	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	9,413	94,033	SH		SOLE	1	94,033	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	38,626	1,698,604	SH		SOLE	0	1,697,157	0	1,447
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	586	10,842	SH		SOLE	1	10,842	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	4,882	109,410	SH		SOLE	1	109,410	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	5,165	84,910	SH		SOLE	1	84,910	0	0
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	1,409	8,394	SH		SOLE	1	8,394	0	0
ISHARES	EMU ETF	464286608	32,899	777,375	SH		SOLE	0	773,200	0	4,175
ISHARES	EUROPE ETF	464287861	1,272	26,194	SH		SOLE	0	0	0	26,194
ISHARES	CORE S&P500 ETF	464287200	630	3,200	SH		SOLE	1	3,200	0	0
ISHARES	CORE S&P500 ETF	464287200	19,358	98,265	SH		SOLE	0	91,815	0	6,450
ISHARES	S&P 500 GRWT ETF	464287309	33,317	316,731	SH		SOLE	0	286,170	0	30,561
ISHARES	RUS 1000 VAL ETF	464287598	22,850	225,636	SH		SOLE	0	67,000	0	158,636
ISHARES	RUSSELL 2000 ETF	464287655	9,314	78,393	SH		SOLE	0	62,260	0	16,133
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	711	2,730	SH		SOLE	1	2,730	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	419	2,140	SH		SOLE	1	2,140	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	389	3,070	SH		SOLE	1	3,070	0	0
BOEING CO	COM	097023105	167	1,311	SH		SOLE	0	0	0	1,311
FEDEX CORP	COM	31428X106	24	161	SH		SOLE	0	0	0	161
HORMEL FOODS CORP	COM	440452100	548	11,097	SH		SOLE	0	0	0	11,097
INTEL CORP	COM	458140100	224	7,262	SH		SOLE	0	0	0	7,262
QUALCOMM INC	COM	747525103	794	10,019	SH		SOLE	0	0	0	10,019
DISNEY WALT CO	COM DISNEY	254687106	600	6,996	SH		SOLE	0	0	0	6,996
JOHNSON & JOHNSON	COM	478160104	59	568	SH		SOLE	0	0	0	568
PFIZER INC	COM	717081103	176	5,921	SH		SOLE	0	0	0	5,921
ISHARES	US OIL EQ&SV ETF	464288844	698	9,000	SH		SOLE	0	9,000	0	0
CHEVRON CORP NEW	COM	166764100	48	371	SH		SOLE	0	0	0	371
ISHARES	LATN AMER 40 ETF	464287390	26	688	SH		SOLE	0	0	0	688
MOLSON COORS BREWING CO	CL B	60871R209	193	2,601	SH		SOLE	0	0	0	2,601
CISCO SYS INC	COM	17275R102	2	92	SH		SOLE	0	0	0	92
ISHARES	MSCI GERMANY ETF	464286806	1,357	43,383	SH		SOLE	0	0	0	43,383
ISHARES	MSCI ITALCPD ETF	464286855	131	7,560	SH		SOLE	1	7,560	0	0
ISHARES	MSCI ITALCPD ETF	464286855	3,495	201,087	SH		SOLE	0	201,000	0	87
ISHARES	RUS MID-CAP ETF	464287499	315	1,935	SH		SOLE	1	1,935	0	0
ISHARES	RUS MID-CAP ETF	464287499	4,046	24,887	SH		SOLE	0	17,230	0	7,657
ISHARES	RUS MD CP GR ETF	464287481	16,140	180,220	SH		SOLE	0	36,000	0	144,220
ISHARES	GLOBAL 100 ETF	464287572	10,798	137,130	SH		SOLE	1	137,130	0	0
ISHARES	GLOBAL ENERG ETF	464287341	2,101	43,293	SH		SOLE	1	43,293	0	0
ISHARES	GLOBAL ENERG ETF	464287341	14,785	304,726	SH		SOLE	0	301,933	0	2,793
ISHARES	GLOB HLTHCRE ETF	464287325	4,245	45,000	SH		SOLE	0	45,000	0	0
ISHARES	GLOBAL TECH ETF	464287291	4,537	51,000	SH		SOLE	0	51,000	0	0
ISHARES	US HLTHCARE ETF	464287762	7,839	61,144	SH		SOLE	0	61,000	0	144
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	277	5,580	SH		SOLE	1	5,580	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	39,291	392,522	SH		SOLE	0	392,430	0	92
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	9,996	439,580	SH		SOLE	1	439,580	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	5,201	96,200	SH		SOLE	0	96,200	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	13,406	349,566	SH		SOLE	1	349,566	0	0
ISHARES	N AMER TECH ETF	464287549	4,093	43,000	SH		SOLE	0	43,000	0	0
ISHARES	MSCI TAIWAN ETF	464286731	7	432	SH		SOLE	0	0	0	432
ISHARES	MSCI BRZ CAP ETF	464286400	1,362	28,500	SH		SOLE	0	28,500	0	0
ISHARES	MSCI MEX CAP ETF	464286822	121	1,780	SH		SOLE	1	1,780	0	0
ISHARES	MSCI MEX CAP ETF	464286822	1,112	16,400	SH		SOLE	0	16,400	0	0
ISHARES	MSCI SPAN CP ETF	464286764	1,884	44,000	SH		SOLE	0	44,000	0	0
ISHARES	MSCI UK ETF	464286699	1,086	52,000	SH		SOLE	0	52,000	0	0
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	25,638	328,897	SH		SOLE	1	328,897	0	0
BANK OF AMERICA CORPORATION	COM	060505104	30	1,960	SH		SOLE	0	0	0	1,960
UNION PAC CORP	COM	907818108	229	2,293	SH		SOLE	0	0	0	2,293
BAXTER INTL INC	COM	071813109	7	100	SH		SOLE	0	0	0	100
TOTAL S A	SPONSORED ADR	89151E109	180	2,493	SH		SOLE	0	0	0	2,493
GENERAL ELECTRIC CO	COM	369604103	18	681	SH		SOLE	0	0	0	681
GILEAD SCIENCES INC	COM	375558103	8	100	SH		SOLE	0	0	0	100
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	41	938	SH		SOLE	0	0	0	938
MONDELEZ INTL INC	CL A	609207105	131	3,475	SH		SOLE	0	0	0	3,475
PRICELINE GRP INC	COM NEW	741503403	11	9	SH		SOLE	0	0	0	9
ISHARES	1-3 YR TR BD ETF	464287457	36,706	434,082	SH		SOLE	0	421,041	0	13,041
ISHARES	20+ YR TR BD ETF	464287432	568	5,000	SH		SOLE	1	5,000	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	93	5,378	SH		SOLE	0	0	0	5,378
UNITEDHEALTH GROUP INC	COM	91324P102	553	6,760	SH		SOLE	0	0	0	6,760
SOUTHWEST AIRLS CO	COM	844741108	593	22,092	SH		SOLE	0	0	0	22,092
ENCANA CORP	COM	292505104	2	105	SH		SOLE	0	0	0	105
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	13	155	SH		SOLE	0	0	0	155
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	10,314	101,349	SH		SOLE	0	67,060	0	34,289
CONOCOPHILLIPS	COM	20825C104	206	2,400	SH		SOLE	0	0	0	2,400
APPLE INC	COM	037833100	580	6,237	SH		SOLE	0	0	0	6,237
ALLSTATE CORP	COM	020002101	882	15,025	SH		SOLE	0	0	0	15,025
AMERICAN STRATEGIC INCOME II	COM	03009T101	9	1,171	SH		SOLE	0	0	0	1,171
ISHARES	MSCI EMG MKT ETF	464287234	13,084	302,662	SH		SOLE	0	220,785	0	81,877
PETSMART INC	COM	716768106	576	9,635	SH		SOLE	0	0	0	9,635
SKYWORKS SOLUTIONS INC	COM	83088M102	634	13,498	SH		SOLE	0	0	0	13,498
ISHARES	NA TEC MULTM ETF	464287531	2,176	62,000	SH		SOLE	0	62,000	0	0
ISHARES	PHLX SEMICND ETF	464287523	4,234	49,000	SH		SOLE	0	49,000	0	0
ISHARES	S&P 100 ETF	464287101	1,748	20,200	SH		SOLE	1	20,200	0	0
ISHARES	S&P 100 ETF	464287101	71,977	831,816	SH		SOLE	0	278,000	0	553,816
NATIONAL OILWELL VARCO INC	COM	637071101	481	5,839	SH		SOLE	0	0	0	5,839
PIMCO CORPORATE & INCOME OPP	COM	72201B101	26	1,380	SH		SOLE	0	0	0	1,380
ACTAVIS PLC	SHS	G0083B108	396	1,777	SH		SOLE	0	0	0	1,777
AVERY DENNISON CORP	COM	053611109	473	9,237	SH		SOLE	0	0	0	9,237
MYLAN INC	COM	628530107	23	450	SH		SOLE	0	0	0	450
ISHARES	CORE TOTUSBD ETF	464287226	12,023	109,899	SH		SOLE	0	90,626	0	19,273
ARRIS GROUP INC NEW	COM	04270V106	523	16,074	SH		SOLE	0	0	0	16,074
W P CAREY INC	COM	92936U109	177	2,751	SH		SOLE	0	0	0	2,751
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	49,463	1,289,784	SH		SOLE	0	1,282,130	0	7,654
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	19,285	432,201	SH		SOLE	0	432,200	0	1
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	17,842	293,301	SH		SOLE	0	293,300	0	1
ISHARES	MSCI BRZ CAP ETF	464286400	152	3,180	SH		SOLE	1	3,180	0	0
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	130,384	1,672,665	SH		SOLE	0	1,152,316	0	520,349
AMETEK INC NEW	COM	031100100	8	157	SH		SOLE	0	0	0	157
EXXON MOBIL CORP	COM	30231G102	30	296	SH		SOLE	0	0	0	296
APPLIED MATLS INC	COM	038222105	1	25	SH		SOLE	0	0	0	25
TARGET CORP	COM	87612E106	1	20	SH		SOLE	0	0	0	20
CVS CAREMARK CORPORATION	COM	126650100	547	7,258	SH		SOLE	0	0	0	7,258
PROCTER & GAMBLE CO	COM	742718109	8	100	SH		SOLE	0	0	0	100
HARLEY DAVIDSON INC	COM	412822108	535	7,664	SH		SOLE	0	0	0	7,664
MCDONALDS CORP	COM	580135101	12	115	SH		SOLE	0	0	0	115
NIKE INC	CL B	654106103	14	180	SH		SOLE	0	0	0	180
BROADCOM CORP	CL A	111320107	487	13,121	SH		SOLE	0	0	0	13,121
WELLS FARGO & CO NEW	COM	949746101	114	2,170	SH		SOLE	0	0	0	2,170
ISHARES	1-3 YR TR BD ETF	464287457	563	6,660	SH		SOLE	1	6,660	0	0
ISHARES	7-10 Y TR BD ETF	464287440	6	59	SH		SOLE	0	0	0	59
ISHARES	20+ YR TR BD ETF	464287432	2,199	19,374	SH		SOLE	0	19,000	0	374
ISHARES	IBOXX INV CP ETF	464287242	2,206	18,500	SH		SOLE	1	18,500	0	0
ISHARES	IBOXX INV CP ETF	464287242	11,278	94,571	SH		SOLE	0	89,525	0	5,046
FISERV INC	COM	337738108	22	370	SH		SOLE	0	0	0	370
TEMPLETON GLOBAL INCOME FD	COM	880198106	6	670	SH		SOLE	0	0	0	670
UNITED TECHNOLOGIES CORP	COM	913017109	7	63	SH		SOLE	0	0	0	63
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	769	7,560	SH		SOLE	1	7,560	0	0
VANGUARD WORLD FDS	CONSUM STP ETF	92204A207	2,548	22,000	SH		SOLE	0	22,000	0	0
INTL PAPER CO	COM	460146103	158	3,136	SH		SOLE	0	0	0	3,136
ISHARES	MSCI EMG MKT ETF	464287234	1,734	40,100	SH		SOLE	1	40,100	0	0
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	7,671	100,000	SH		SOLE	0	100,000	0	0
ISHARES	NA TEC-SFTWR ETF	464287515	386	4,494	SH		SOLE	1	4,494	0	0
ISHARES	NA TEC-SFTWR ETF	464287515	12,470	145,000	SH		SOLE	0	145,000	0	0
ROYAL CARIBBEAN CRUISES LTD	COM	V7780T103	435	7,818	SH		SOLE	0	0	0	7,818
AMERICA MOVIL SAB DE CV	SPON ADR L SHS	02364W105	12	600	SH		SOLE	0	0	0	600
KELLOGG CO	COM	487836108	102	1,548	SH		SOLE	0	0	0	1,548
EASTMAN CHEM CO	COM	277432100	522	5,974	SH		SOLE	0	0	0	5,974
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	23,552	546,079	SH		SOLE	0	0	0	546,079
ISHARES	MSCI AC ASIA ETF	464288182	5,145	82,075	SH		SOLE	0	82,000	0	75
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	760	4	SH		SOLE	0	0	0	4
TIDEWATER INC	COM	886423102	399	7,108	SH		SOLE	0	0	0	7,108
BLACKROCK DEBT STRAT FD INC	COM	09255R103	2	455	SH		SOLE	0	0	0	455
ENSCO PLC	SHS CLASS A	G3157S106	168	3,023	SH		SOLE	0	0	0	3,023
ISHARES	TIPS BD ETF	464287176	7,977	69,150	SH		SOLE	1	69,150	0	0
ALLIANCEBERNSTEIN GBL HGH IN	COM	01879R106	3	186	SH		SOLE	0	0	0	186
AGL RES INC	COM	001204106	178	3,238	SH		SOLE	0	0	0	3,238
CARNIVAL CORP	PAIRED CTF	143658300	4	100	SH		SOLE	0	0	0	100
TRAVELERS COMPANIES INC	COM	89417E109	168	1,790	SH		SOLE	0	0	0	1,790
ISHARES	MRNGSTR LG-CP ET	464287127	6,489	57,000	SH		SOLE	0	57,000	0	0
SONOCO PRODS CO	COM	835495102	161	3,655	SH		SOLE	0	0	0	3,655
CBIZ INC	COM	124805102	14	1,544	SH		SOLE	0	0	0	1,544
SOUTHERN COPPER CORP	COM	84265V105	0	2	SH		SOLE	0	0	0	2
ENTERPRISE PRODS PARTNERS L	COM	293792107	42	541	SH		SOLE	0	0	0	541
AMPHENOL CORP NEW	CL A	032095101	10	100	SH		SOLE	0	0	0	100
ISHARES	3YRTB ETF	464288125	539	5,600	SH		SOLE	0	5,600	0	0
GOOGLE INC	CL A	38259P508	6	11	SH		SOLE	0	0	0	11
SPDR GOLD TRUST	GOLD SHS	78463V107	25	196	SH		SOLE	0	0	0	196
VANGUARD INTL EQUITY INDEX F	FTSE PACIFIC ETF	922042866	1,196	19,212	SH		SOLE	0	19,000	0	212
VANGUARD INDEX FDS	VALUE ETF	922908744	17,398	214,918	SH		SOLE	0	156,795	0	58,123
VANGUARD INDEX FDS	REIT ETF	922908553	220	2,940	SH		SOLE	0	0	0	2,940
INTUITIVE SURGICAL INC	COM NEW	46120E602	563	1,368	SH		SOLE	0	0	0	1,368
FOOT LOCKER INC	COM	344849104	447	8,809	SH		SOLE	0	0	0	8,809
VANGUARD INDEX FDS	SMALL CP ETF	922908751	700	5,980	SH		SOLE	1	5,980	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	36,361	367,651	SH		SOLE	0	220,370	0	147,281
HALCON RES CORP	COM NEW	40537Q209	123	16,914	SH		SOLE	0	0	0	16,914
REPUBLIC SVCS INC	COM	760759100	571	15,035	SH		SOLE	0	0	0	15,035
MOSAIC CO NEW	COM	61945C103	461	9,321	SH		SOLE	0	0	0	9,321
ALPHA NATURAL RESOURCES INC	COM	02076X102	0	100	SH		SOLE	0	0	0	100
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	422	3,309	SH		SOLE	0	0	0	3,309
NRG ENERGY INC	COM NEW	629377508	4	100	SH		SOLE	0	0	0	100
POWERSHARES ETF TRUST	S&P 500 HGH QLTY	73935X682	708	33,000	SH		SOLE	1	33,000	0	0
POWERSHARES ETF TRUST	FTSE RAFI 1000	73935X583	2,830	32,000	SH		SOLE	0	32,000	0	0
SILVER WHEATON CORP	COM	828336107	9	352	SH		SOLE	0	0	0	352
WYNN RESORTS LTD	COM	983134107	580	2,795	SH		SOLE	0	0	0	2,795
SPDR SERIES TRUST	S&P CAP MKTS	78464A771	1,969	40,000	SH		SOLE	0	40,000	0	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	167	2,339	SH		SOLE	0	0	0	2,339
POWERSHARES ETF TRUST	DYN LSR & ENT	73935X757	2,452	72,000	SH		SOLE	0	72,000	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	40,265	416,007	SH		SOLE	0	217,650	0	198,357
VANGUARD WORLD FDS	INDUSTRIAL ETF	92204A603	2,710	26,000	SH		SOLE	0	26,000	0	0
MASTERCARD INC	CL A	57636Q104	4	51	SH		SOLE	0	0	0	51
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	1,307	21,800	SH		SOLE	1	21,800	0	0
CDN IMPERIAL BK COMM TORONTO	COM	136069101	173	1,900	SH		SOLE	0	0	0	1,900
SEABRIDGE GOLD INC	COM	811916105	1	100	SH		SOLE	0	0	0	100
KIRBY CORP	COM	497266106	341	2,910	SH		SOLE	0	0	0	2,910
WISDOMTREE TR	EUROPE SMCP DV	97717W869	5,138	85,044	SH		SOLE	0	85,000	0	44
ISHARES	U.S. MED DVC ETF	464288810	6,529	64,000	SH		SOLE	0	64,000	0	0
MARKET VECTORS ETF TR	HG YLD MUN ETF	57060U878	271	8,975	SH		SOLE	0	0	0	8,975
WISDOMTREE TR	DEFA FD	97717W703	347	6,196	SH		SOLE	0	0	0	6,196
ISHARES	SELECT DIVID ETF	464287168	18	237	SH		SOLE	0	0	0	237
ISHARES	TIPS BD ETF	464287176	30,941	268,210	SH		SOLE	0	265,000	0	3,210
SUBURBAN PROPANE PARTNERS L	UNIT LTD PARTN	864482104	12	270	SH		SOLE	0	0	0	270
WEYERHAEUSER CO	COM	962166104	170	5,141	SH		SOLE	0	0	0	5,141
AVNET INC	COM	053807103	371	8,367	SH		SOLE	0	0	0	8,367
ISHARES	MRGSTR MD CP ETF	464288208	147	1,045	SH		SOLE	0	0	0	1,045
ISHARES	MRNGSTR LG-CP GR	464287119	6,826	64,000	SH		SOLE	0	64,000	0	0
ISHARES	MRNGSTR LG-CP VL	464288109	5,847	69,000	SH		SOLE	0	69,000	0	0
RYDER SYS INC	COM	783549108	330	3,744	SH		SOLE	0	0	0	3,744
SNAP ON INC	COM	833034101	174	1,472	SH		SOLE	0	0	0	1,472
MAGNA INTL INC	COM	559222401	699	6,489	SH		SOLE	0	0	0	6,489
ISHARES	CHINA LG-CAP ETF	464287184	8	216	SH		SOLE	0	0	0	216
POWERSHARES ETF TRUST	DYNAMIC MKT PT	73935X104	5,686	78,000	SH		SOLE	0	78,000	0	0
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	570	5,110	SH		SOLE	1	5,110	0	0
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	5,843	52,340	SH		SOLE	0	45,850	0	6,490
VANGUARD INDEX FDS	MID CAP ETF	922908629	1,055	8,889	SH		SOLE	0	0	0	8,889
VANGUARD WORLD FDS	MATERIALS ETF	92204A801	1,229	11,000	SH		SOLE	0	11,000	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	19,265	164,493	SH		SOLE	0	53,750	0	110,743
VANGUARD INDEX FDS	GROWTH ETF	922908736	1,010	10,211	SH		SOLE	1	10,211	0	0
POWERSHARES ETF TRUST	DYN PHRMA PORT	73935X799	4,215	69,000	SH		SOLE	0	69,000	0	0
FOSTER WHEELER AG	COM	H27178104	3	100	SH		SOLE	0	0	0	100
WOLVERINE WORLD WIDE INC	COM	978097103	6	230	SH		SOLE	0	0	0	230
TENNECO INC	COM	880349105	684	10,413	SH		SOLE	0	0	0	10,413
ROCK-TENN CO	CL A	772739207	12	115	SH		SOLE	0	0	0	115
GUESS INC	COM	401617105	395	14,638	SH		SOLE	0	0	0	14,638
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	679	15,062	SH		SOLE	0	0	0	15,062
POWERSHARES ETF TRUST	S&P 500 HGH QLTY	73935X682	9,717	453,000	SH		SOLE	0	453,000	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	455	3,854	SH		SOLE	0	0	0	3,854
ISHARES	EAFE VALUE ETF	464288877	3,977	67,908	SH		SOLE	0	16,000	0	51,908
ISHARES	EAFE GRWTH ETF	464288885	7,421	102,432	SH		SOLE	0	0	0	102,432
FUEL TECH INC	COM	359523107	1	100	SH		SOLE	0	0	0	100
BLACKROCK MUNIYIELD CALI QLT	COM	09254N103	39	2,623	SH		SOLE	0	0	0	2,623
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	348	13,111	SH		SOLE	1	13,111	0	0
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	10,977	412,992	SH		SOLE	0	400,800	0	12,192
RYDEX ETF TRUST	GUG RUSS TOP 50	78355W205	4,131	30,656	SH		SOLE	0	29,500	0	1,156
ATWOOD OCEANICS INC	COM	050095108	10	200	SH		SOLE	0	0	0	200
VANGUARD WORLD FDS	INF TECH ETF	92204A702	3,794	39,200	SH		SOLE	1	39,200	0	0
SPDR INDEX SHS FDS	STOXX EUR 50 ETF	78463X103	1,618	41,105	SH		SOLE	0	0	0	41,105
SPDR SERIES TRUST	NUVN BR SHT MUNI	78464A425	916	37,665	SH		SOLE	1	37,665	0	0
SPDR SERIES TRUST	NUVN BR SHT MUNI	78464A425	19,666	808,297	SH		SOLE	0	520,908	0	287,389
MARKET VECTORS ETF TR	GOLD MINER ETF	57060U100	397	15,000	SH		SOLE	1	15,000	0	0
MARKET VECTORS ETF TR	GOLD MINER ETF	57060U100	1,587	60,000	SH		SOLE	0	60,000	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	39,857	664,832	SH		SOLE	0	107,000	0	557,832
WISDOMTREE TR	GLB EX UD DVD GR	97717W844	1,178	22,000	SH		SOLE	1	22,000	0	0
WISDOMTREE TR	SMALLCAP DIVID	97717W604	913	13,037	SH		SOLE	0	0	0	13,037
ISHARES	CORE S&P TTL STK	464287150	46	508	SH		SOLE	0	0	0	508
POWERSHARES ETF TRUST	DYNM LRG CP VL	73935X708	11	349	SH		SOLE	0	0	0	349
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	7,690	85,430	SH		SOLE	1	85,430	0	0
CLAYMORE EXCHANGE TRD FD TR	GUG MULTI ASSET	18383M506	411	15,741	SH		SOLE	0	0	0	15,741
POWERSHARES ETF TRUST	GBL LSTD PVT EQT	73935X195	5,339	433,000	SH		SOLE	0	433,000	0	0
POWERSHARES ETF TRUST	INTL DIV ACHV	73935X716	12,965	670,742	SH		SOLE	1	670,742	0	0
POWERSHS DB MULTI SECT COMM	PS DB AGRICUL FD	73936B408	5,261	191,592	SH		SOLE	1	191,592	0	0
VANGUARD INDEX FDS	MCAP GR IDXVIP	922908538	2,795	29,006	SH		SOLE	0	0	0	29,006
PROSHARES TR	PSHS SHRT S&P500	74347R503	31,249	1,337,731	SH		SOLE	0	738,000	0	599,731
PROSHARES TR	PSHS SHTRUSS2000	74347R826	417	26,000	SH		SOLE	1	26,000	0	0
PROSHARES TR	PSHS SHTRUSS2000	74347R826	7,312	456,135	SH		SOLE	0	451,000	0	5,135
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	26,234	501,698	SH		SOLE	0	428,500	0	73,198
HSBC HLDGS PLC	ADR A 1/40PF A	404280604	18	705	SH		SOLE	0	0	0	705
POWERSHARES ETF TRUST	FINL PFD PTFL	73935X229	2,174	119,461	SH		SOLE	0	119,461	0	0
RYDEX ETF TRUST	GUG S&P500 PU VA	78355W304	4,782	88,000	SH		SOLE	0	88,000	0	0
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	117	1,451	SH		SOLE	0	0	0	1,451
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	9,398	114,307	SH		SOLE	0	85,885	0	28,422
SPDR INDEX SHS FDS	MSCI ACWI EXUS	78463X848	618	16,656	SH		SOLE	0	0	0	16,656
RYDEX ETF TRUST	GUG S&P500EQWTTE	78355W817	853	10,184	SH		SOLE	0	0	0	10,184
BANK NEW YORK MELLON CORP	COM	064058100	670	17,866	SH		SOLE	0	0	0	17,866
ISHARES	INTL SEL DIV ETF	464288448	8,169	204,779	SH		SOLE	0	203,000	0	1,779
WISDOMTREE TR	EMERG MKTS ETF	97717W315	46,025	887,824	SH		SOLE	0	839,514	0	48,310
ISHARES	3-7 YR TR BD ETF	464288661	10,112	83,018	SH		SOLE	0	83,000	0	18
MARKET VECTORS ETF TR	AGRIBUS ETF	57060U605	777	14,125	SH		SOLE	1	14,125	0	0
MARKET VECTORS ETF TR	AGRIBUS ETF	57060U605	2,529	45,979	SH		SOLE	0	45,938	0	41
FIRST MAJESTIC SILVER CORP	COM	32076V103	9	788	SH		SOLE	0	0	0	788
SPDR SERIES TRUST	BRC CNV SECS ETF	78464A359	51	1,014	SH		SOLE	0	0	0	1,014
POWERSHARES GLOBAL ETF TRUST	SOVEREIGN DEBT	73936T573	10,023	343,716	SH		SOLE	0	0	0	343,716
WISDOMTREE TR	EMG MKTS SMCAP	97717W281	1	19	SH		SOLE	0	0	0	19
ISHARES	JP MOR EM MK ETF	464288281	9,692	84,083	SH		SOLE	0	64,610	0	19,473
GREENHAVEN CONT CMDTY INDEX	UNIT BEN INT	395258106	349	12,480	SH		SOLE	1	12,480	0	0
ISHARES	INTL DEV RE ETF	464288489	2,039	63,461	SH		SOLE	0	0	0	63,461
ISHARES	MSCI JAPN SMCETF	464286582	740	13,025	SH		SOLE	0	13,000	0	25
VANGUARD WORLD FD	MEGA GRWTH IND	921910816	13,303	173,258	SH		SOLE	0	153,200	0	20,058
REVENUESHARES ETF TR	LARGECAP FD	761396100	849	22,000	SH		SOLE	1	22,000	0	0
REVENUESHARES ETF TR	LARGECAP FD	761396100	3,282	85,000	SH		SOLE	0	85,000	0	0
SPDR SERIES TRUST	DB INT GVT ETF	78464A490	4,599	74,173	SH		SOLE	0	63,675	0	10,498
PHILIP MORRIS INTL INC	COM	718172109	11	125	SH		SOLE	0	0	0	125
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	5,536	82,699	SH		SOLE	1	82,699	0	0
ISHARES	U.S. INSRNCE ETF	464288786	8,413	176,000	SH		SOLE	0	176,000	0	0
WISDOMTREE TR	INTL SMCAP DIV	97717W760	7,255	112,000	SH		SOLE	0	112,000	0	0
PROSHARES TR	PSHS SHORT DOW30	74347R701	7,896	313,079	SH		SOLE	0	311,600	0	1,479
WISDOMTREE TR	GLB EX UD DVD GR	97717W844	4,276	79,879	SH		SOLE	0	78,000	0	1,879
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	11,106	224,992	SH		SOLE	0	0	0	224,992
WISDOMTREE TR	LARGECAP DIVID	97717W307	51	720	SH		SOLE	0	0	0	720
WISDOMTREE TR	MIDCAP DIVI FD	97717W505	3,053	37,387	SH		SOLE	0	0	0	37,387
WISDOMTREE TR	TOTAL DIVID FD	97717W109	5	64	SH		SOLE	0	0	0	64
FIDELITY COMWLTH TR	NDQ CP IDX TRK	315912808	53	305	SH		SOLE	0	0	0	305
NUVEEN CA DIVIDEND ADV MUN F	COM	67066Y105	59	4,207	SH		SOLE	0	0	0	4,207
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	32,584	362,009	SH		SOLE	0	341,790	0	20,219
IHS INC	CL A	451734107	9	70	SH		SOLE	0	0	0	70
TRIUMPH GROUP INC NEW	COM	896818101	484	6,926	SH		SOLE	0	0	0	6,926
POWERSHARES ETF TRUST	INTL DIV ACHV	73935X716	45,436	2,350,553	SH		SOLE	0	2,350,198	0	355
POWERSHS DB MULTI SECT COMM	PS DB AGRICUL FD	73936B408	18,085	658,608	SH		SOLE	0	658,608	0	0
SPDR SERIES TRUST	S&P REGL BKG	78464A698	1,855	46,000	SH		SOLE	0	46,000	0	0
SPDR SERIES TRUST	S&P BK ETF	78464A797	551	16,500	SH		SOLE	0	16,500	0	0
VANGUARD INDEX FDS	MCAP VL IDXVIP	922908512	4	48	SH		SOLE	0	0	0	48
FIRST TR EXCHANGE TRADED FD	CAP STRENGTH ETF	33733E104	1,093	31,000	SH		SOLE	0	31,000	0	0
SPDR SERIES TRUST	OILGAS EQUIP	78464A748	4,090	83,000	SH		SOLE	0	83,000	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	6,412	122,630	SH		SOLE	1	122,630	0	0
ISHARES	IBOXX HI YD ETF	464288513	18,421	193,501	SH		SOLE	0	120,080	0	73,421
ISHARES	CREDIT BD ETF	464288620	6,412	57,542	SH		SOLE	0	33,450	0	24,092
ISHARES	1-3 YR CR BD ETF	464288646	34,735	328,679	SH		SOLE	0	134,000	0	194,679
CLAYMORE EXCHANGE TRD FD TR	GUGG SPINOFF ETF	18383M605	3,425	74,000	SH		SOLE	0	74,000	0	0
ISHARES	GLOB INDSTRL ETF	464288729	5,319	73,000	SH		SOLE	0	73,000	0	0
ISHARES	MBS ETF	464288588	234	2,159	SH		SOLE	0	0	0	2,159
ISHARES	U.S. PFD STK ETF	464288687	15,109	378,564	SH		SOLE	0	114,775	0	263,789
WISDOMTREE TR	EMERG MKTS ETF	97717W315	11,156	215,207	SH		SOLE	1	215,207	0	0
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	1,194	18,000	SH		SOLE	0	18,000	0	0
ISHARES	NAT AMT FREE BD	464288414	6,355	58,491	SH		SOLE	0	24,775	0	33,716
SPDR SERIES TRUST	NUVN BRCLY MUNI	78464A458	2,612	110,299	SH		SOLE	0	0	0	110,299
SPDR INDEX SHS FDS	EUROPE ETF	78463X608	8	191	SH		SOLE	0	0	0	191
CLAYMORE EXCHANGE TRD FD TR	GUGG TIMBER ETF	18383Q879	4,212	167,000	SH		SOLE	0	167,000	0	0
ISHARES	JP MOR EM MK ETF	464288281	1,113	9,655	SH		SOLE	1	9,655	0	0
GREENHAVEN CONT CMDTY INDEX	UNIT BEN INT	395258106	3,072	110,000	SH		SOLE	0	110,000	0	0
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	247	11,620	SH		SOLE	1	11,620	0	0
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	18,933	890,550	SH		SOLE	0	274,000	0	616,550
SPDR SERIES TRUST	NUVN CALI MUNI	78464A441	269	11,506	SH		SOLE	0	0	0	11,506
ISHARES	INTERM CR BD ETF	464288638	13,388	121,501	SH		SOLE	0	103,380	0	18,121
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	599	14,343	SH		SOLE	0	0	0	14,343
B & G FOODS INC NEW	COM	05508R106	49	1,500	SH		SOLE	0	0	0	1,500
VANGUARD WORLD FD	MEGA GRWTH IND	921910816	292	3,800	SH		SOLE	1	3,800	0	0
VANGUARD WORLD FD	MEGA CAP VAL ETF	921910840	9	158	SH		SOLE	0	0	0	158
ISHARES	MSCI ACWI US ETF	464288240	1,457	30,333	SH		SOLE	1	30,333	0	0
ISHARES	MSCI ACWI US ETF	464288240	12,958	269,851	SH		SOLE	0	267,229	0	2,622
FIRST TR US IPO INDEX FD	SHS	336920103	2,310	48,000	SH		SOLE	0	48,000	0	0
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	18,408	275,000	SH		SOLE	0	275,000	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG CHN SML CAP	18383Q853	185	7,340	SH		SOLE	1	7,340	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG CHN SML CAP	18383Q853	2,173	86,200	SH		SOLE	0	86,200	0	0
POWERSHARES GLOBAL ETF TRUST	AGG PFD PORT	73936T565	1,298	88,700	SH		SOLE	0	88,700	0	0
ENTERPRISE FINL SVCS CORP	COM	293712105	36	1,995	SH		SOLE	0	0	0	1,995
PIMCO ETF TR	ENHAN SHRT MAT	72201R833	5,170	50,983	SH		SOLE	1	50,983	0	0
PIMCO ETF TR	ENHAN SHRT MAT	72201R833	49,293	486,122	SH		SOLE	0	478,515	0	7,607
ISHARES	RUS TP200 GR ETF	464289438	3,031	63,500	SH		SOLE	1	63,500	0	0
ISHARES	RUS TP200 GR ETF	464289438	9,763	204,500	SH		SOLE	0	204,500	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	1,109	23,242	SH		SOLE	0	0	0	23,242
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	127	3,836	SH		SOLE	0	0	0	3,836
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	2,054	43,862	SH		SOLE	0	0	0	43,862
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	2,157	41,000	SH		SOLE	0	41,000	0	0
SPDR SERIES TRUST	BARC SHT TR CP	78464A474	3,317	107,653	SH		SOLE	1	107,653	0	0
POWERSHARES ETF TR II	S&P SMCP IND P	73937B878	2,052	45,000	SH		SOLE	0	45,000	0	0
ISHARES TR	IRELAND CAPD ETF	46429B507	1,791	50,000	SH		SOLE	0	50,000	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG CRP BD 2015	18383M563	1,422	64,937	SH		SOLE	0	0	0	64,937
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	262	5,170	SH		SOLE	0	0	0	5,170
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	501	9,000	SH		SOLE	1	9,000	0	0
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	1,950	35,000	SH		SOLE	0	35,000	0	0
UNITED STS COMMODITY INDEX F	COMM IDX FND	911717106	3,156	52,063	SH		SOLE	0	50,000	0	2,063
VISTEON CORP	COM NEW	92839U206	440	4,535	SH		SOLE	0	0	0	4,535
GENERAL MTRS CO	COM	37045V100	5	134	SH		SOLE	0	0	0	134
ADVISORSHARES TR	PERITUS HG YLD	00768Y503	1,847	34,646	SH		SOLE	0	33,700	0	946
ETFS WHITE METALS BASKET TR	PHY WM BSK SHS	26923B104	3	64	SH		SOLE	0	0	0	64
WISDOMTREE TR	FUTRE STRAT FD	97717W125	494	11,825	SH		SOLE	1	11,825	0	0
WISDOMTREE TR	FUTRE STRAT FD	97717W125	4,264	102,086	SH		SOLE	0	101,956	0	130
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	1,327	53,342	SH		SOLE	1	53,342	0	0
FIRST TR EXCNGE TRD ALPHADEX	SML CAP VAL AL	33737M409	1	29	SH		SOLE	0	0	0	29
DBX ETF TR	XTRAK MSCI EAFE	233051200	3,588	130,000	SH		SOLE	0	130,000	0	0
ISHARES TR	FLTG RATE BD ETF	46429B655	6,817	134,191	SH		SOLE	1	134,191	0	0
SCHWAB STRATEGIC TR	US DIVIDEND EQ	808524797	1,529	39,947	SH		SOLE	0	0	0	39,947
ISHARES TR	USA MIN VOL ETF	46429B697	3,212	86,290	SH		SOLE	0	78,000	0	8,290
POWERSHARES ETF TR II	KBW RG BK PORT	73937B712	1,633	42,000	SH		SOLE	0	42,000	0	0
ISHARES	EM MK MINVOL ETF	464286533	2,042	34,000	SH		SOLE	0	34,000	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	115	5,120	SH		SOLE	1	5,120	0	0
GLOBAL X FDS	FTSE GREECE 20	37950E366	1,035	46,000	SH		SOLE	0	46,000	0	0
ISHARES	GLB AGRIC PR ETF	464286350	6	201	SH		SOLE	0	0	0	201
PIMCO ETF TR	TOTL RETN ETF	72201R775	7,582	69,559	SH		SOLE	1	69,559	0	0
RETAIL PPTYS AMER INC	CL A	76131V202	6	403	SH		SOLE	0	0	0	403
SPDR SER TR	SHT TRM HGH YLD	78468R408	417	13,483	SH		SOLE	1	13,483	0	0
FIRST TR EXCHANGE TRADED FD	NASD TECH DIV	33738R118	288	10,882	SH		SOLE	1	10,882	0	0
FIRST TR EXCHANGE TRADED FD	NASD TECH DIV	33738R118	10,543	398,158	SH		SOLE	0	291,318	0	106,840
KRAFT FOODS GROUP INC	COM	50076Q106	72	1,197	SH		SOLE	0	0	0	1,197
MARKET VECTORS ETF TR	MKT VECTR WIDE	57060U134	10,317	336,600	SH		SOLE	0	336,600	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	1,189	23,000	SH		SOLE	1	23,000	0	0
ISHARES TR	CORE MSCITOTAL	46432F834	24	408	SH		SOLE	0	0	0	408
SPDR SER TR	SPDR BOFA ML	78468R507	90	2,917	SH		SOLE	0	0	0	2,917
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	5,750	115,006	SH		SOLE	0	114,000	0	1,006
ISHARES TR	MSCI USAMOMFCT	46432F396	3,859	61,000	SH		SOLE	0	61,000	0	0
ISHARES TR	MSCI USA QLT FAC	46432F339	51,125	878,595	SH		SOLE	0	873,653	0	4,942
DBX ETF TR	DB XTR MSCI EUR	233051853	3	119	SH		SOLE	0	0	0	119
FIDELITY	MSCI INFO TECH I	316092808	2,071	71,000	SH		SOLE	0	71,000	0	0
ISHARES TR	HDG MSCI JAPAN	46434V886	2	64	SH		SOLE	0	0	0	64
GOOGLE INC	CL C	38259P706	6	11	SH		SOLE	0	0	0	11
POWERSHARES GLOBAL ETF TRUST	FDM HG YLD RAFI	73936T557	863	44,055	SH		SOLE	0	0	0	44,055
RYDEX ETF TRUST	GUG S&P500EQWTEN	78355W866	21	225	SH		SOLE	0	0	0	225
PROSHARES TR	PSHS ULTSH 20YRS	74347B201	395	6,500	SH		SOLE	0	6,500	0	0
FIRST TR EXCHANGE TRADED FD	NASDAQ 100 EX	33733E401	1,695	47,000	SH		SOLE	0	47,000	0	0
MONOTYPE IMAGING HOLDINGS IN	COM	61022P100	7	245	SH		SOLE	0	0	0	245
ISHARES	SHT NTLAMTFR ETF	464288158	1,748	16,450	SH		SOLE	0	16,450	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG SHIPPNG ETF	18383Q796	2,175	95,000	SH		SOLE	0	95,000	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	511	5,900	SH		SOLE	1	5,900	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	8,299	95,876	SH		SOLE	0	89,025	0	6,851
PROSHARES TR	PSHS LC COR PLUS	74347R248	4,370	46,000	SH		SOLE	0	46,000	0	0
PIMCO ETF TR	1-5 US TIP IDX	72201R205	3,189	59,530	SH		SOLE	0	57,500	0	2,030
ETFS GOLD TR	SHS	26922Y105	8	59	SH		SOLE	0	0	0	59
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	9,698	120,662	SH		SOLE	0	85,875	0	34,787
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	611	11,144	SH		SOLE	0	0	0	11,144
SCHWAB STRATEGIC TR	US LCAP GR ETF	808524300	2,662	54,868	SH		SOLE	0	0	0	54,868
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	779	18,191	SH		SOLE	0	0	0	18,191
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	1,171	44,983	SH		SOLE	0	0	0	44,983
SPDR SERIES TRUST	BARC SHT TR CP	78464A474	18,232	591,765	SH		SOLE	0	591,765	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG CRP BD 2014	18383M571	4,169	197,415	SH		SOLE	0	163,930	0	33,485
ISHARES TR	MSCI POL CAP ETF	46429B606	470	16,000	SH		SOLE	0	16,000	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	3,771	198,499	SH		SOLE	0	0	0	198,499
UNITED STS COMMODITY INDEX F	COMM IDX FND	911717106	727	12,000	SH		SOLE	1	12,000	0	0
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	26	3,116	SH		SOLE	0	0	0	3,116
POWERSHARES ETF TRUST II	KBW YIELD REIT	73936Q819	34	1,027	SH		SOLE	0	0	0	1,027
SCHWAB STRATEGIC TR	US MID-CAP ETF	808524508	1,528	37,978	SH		SOLE	0	0	0	37,978
SPDR SERIES TRUST	BRCLY EM LOCL	78464A391	428	13,720	SH		SOLE	0	0	0	13,720
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	67,628	2,719,256	SH		SOLE	0	871,597	0	1,847,659
ISHARES TR	HIGH DIVIDND ETF	46429B663	6,163	81,744	SH		SOLE	0	0	0	81,744
GENERAL MTRS CO	*W EXP 07/10/201	37045V118	3	123	SH		SOLE	0	0	0	123
GENERAL MTRS CO	*W EXP 07/10/201	37045V126	2	123	SH		SOLE	0	0	0	123
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	2,110	59,300	SH		SOLE	0	59,300	0	0
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	2,137	19,996	SH		SOLE	1	19,996	0	0
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	30,665	286,942	SH		SOLE	0	215,995	0	70,947
ISHARES TR	FLTG RATE BD ETF	46429B655	42,824	842,997	SH		SOLE	0	832,816	0	10,181
SCHWAB STRATEGIC TR	US AGGREGATE B	808524839	539	10,388	SH		SOLE	0	0	0	10,388
ISHARES	EM MKT SM-CP ETF	464286475	3,532	71,000	SH		SOLE	0	71,000	0	0
ADVISORSHARES TR	TRIMTABS FLT	00768Y818	1,230	24,000	SH		SOLE	0	24,000	0	0
ISHARES TR	EAFE MIN VOL ETF	46429B689	4,055	62,029	SH		SOLE	0	62,000	0	29
ISHARES	CNTRY MIN VL ETF	464286525	2,338	35,000	SH		SOLE	0	35,000	0	0
ISHARES	EM MKTS CURR ETF	464286517	2,701	52,400	SH		SOLE	0	52,400	0	0
ISHARES	MSCI FRNTR100ETF	464286145	295	8,191	SH		SOLE	1	8,191	0	0
ISHARES	MSCI FRNTR100ETF	464286145	2,668	73,979	SH		SOLE	0	73,979	0	0
ISHARES TR	U.S. TRS BD ETF	46429B267	280	11,275	SH		SOLE	0	0	0	11,275
PIMCO ETF TR	TOTL RETN ETF	72201R775	31,057	284,925	SH		SOLE	0	284,925	0	0
SPDR SER TR	SHT TRM HGH YLD	78468R408	15,387	496,981	SH		SOLE	0	494,975	0	2,006
MARKET VECTORS ETF TR	MKT VECTR WIDE	57060U134	274	8,928	SH		SOLE	1	8,928	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	10,878	210,397	SH		SOLE	0	205,000	0	5,397
ISHARES TR	CORE ST USDB ETF	46432F859	42	417	SH		SOLE	0	0	0	417
ISHARES TR	MSCI USAVALFCT	46432F388	506	8,000	SH		SOLE	0	8,000	0	0
ARATANA THERAPEUTICS INC	COM	03874P101	104	6,636	SH		SOLE	0	0	0	6,636
ISHARES TR	MSCI USA QLT FAC	46432F339	11,869	203,977	SH		SOLE	1	203,977	0	0
FIRST TR EXCHAN TRADED FD VI	FST TR GLB FD	33739H101	5	157	SH		SOLE	0	0	0	157
WISDOMTREE TR	BLMBG US BULL	97717W471	165	6,690	SH		SOLE	0	0	0	6,690
CAMBRIA ETF TR	GLOBAL VALUE ETF	132061409	751	29,000	SH		SOLE	0	29,000	0	0