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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	563	3,190	SH		SOLE		0	0	3,190
ISHARES	MSCI HONG KG ETF	464286871	112	5,686	SH		SOLE		0	0	5,686
ISHARES	MSCI JAPAN ETF	464286848	3,698	324,100	SH		OTR	1	324,100	0	0
ISHARES	MSCI JAPAN ETF	464286848	18,914	1,657,693	SH		SOLE		0	0	1,657,693
ISHARES	MSCI EURZONE ETF	464286608	5,042	146,600	SH		OTR	1	146,600	0	0
ISHARES	MSCI EURZONE ETF	464286608	28,004	814,299	SH		SOLE		0	0	814,299
ISHARES TR	EUROPE ETF	464287861	15,744	402,565	SH		SOLE		0	0	402,565
ISHARES TR	CORE S&P MCP ETF	464287507	330	2,290	SH		SOLE		0	0	2,290
ISHARES TR	S&P MC 400GR ETF	464287606	130	798	SH		SOLE		0	0	798
ISHARES TR	S&P 500 VAL ETF	464287408	12,070	134,214	SH		SOLE		0	0	134,214
ISHARES TR	CORE S&P500 ETF	464287200	3,552	17,187	SH		SOLE		15,660	0	1,527
ISHARES TR	S&P 500 GRWT ETF	464287309	16,269	140,384	SH		SOLE		0	0	140,384
ISHARES TR	RUS 1000 ETF	464287622	25	221	SH		SOLE		0	0	221
ISHARES TR	RUS 1000 VAL ETF	464287598	24,988	252,894	SH		SOLE		0	0	252,894
ISHARES TR	RUS 1000 GRW ETF	464287614	3,807	38,154	SH		OTR	1	38,154	0	0
ISHARES TR	RUS 1000 GRW ETF	464287614	23,502	235,534	SH		SOLE		0	0	235,534
ISHARES TR	RUSSELL 2000 ETF	464287655	132	1,194	SH		SOLE		0	0	1,194
ISHARES TR	RUSSELL 3000 ETF	464287689	601	4,970	SH		SOLE		0	0	4,970
ISHARES TR	CORE US VAL ETF	464287663	37	284	SH		SOLE		0	0	284
ISHARES TR	U.S. REAL ES ETF	464287739	3,135	40,263	SH		SOLE		0	0	40,263
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	432	1,646	SH		SOLE		0	0	1,646
SPDR S&P 500 ETF TR	TR UNIT	78462F103	895	4,354	SH		SOLE		0	0	4,354
ADOBE SYS INC	COM	00724F101	472	5,035	SH		SOLE		0	0	5,035
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	483	3,403	SH		SOLE		0	0	3,403
MARATHON OIL CORP	COM	565849106	15	1,391	SH		SOLE		0	0	1,391
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	4,816	44,100	SH		SOLE		0	0	44,100
CONAGRA FOODS INC	COM	205887102	14	315	SH		SOLE		0	0	315
ALTRIA GROUP INC	COM	02209S103	20	315	SH		SOLE		0	0	315
HORMEL FOODS CORP	COM	440452100	1,076	24,883	SH		SOLE		0	0	24,883
INTEL CORP	COM	458140100	72	2,229	SH		SOLE		0	0	2,229
ISHARES TR	RUS 2000 GRW ETF	464287648	28	210	SH		SOLE		0	0	210
SHERWIN WILLIAMS CO	COM	824348106	17	59	SH		SOLE		0	0	59
SYSCO CORP	COM	871829107	241	5,162	SH		SOLE		0	0	5,162
US BANCORP DEL	COM NEW	902973304	10	250	SH		SOLE		0	0	250
JOHNSON & JOHNSON	COM	478160104	356	3,288	SH		SOLE		0	0	3,288
PFIZER INC	COM	717081103	21	721	SH		SOLE		0	0	721
EDISON INTL	COM	281020107	29	408	SH		SOLE		0	0	408
ISHARES TR	US OIL EQ&SV ETF	464288844	1,571	44,000	SH		SOLE		0	0	44,000
LOWES COS INC	COM	548661107	597	7,883	SH		SOLE		0	0	7,883
ISHARES TR	MSCI EAFE ETF	464287465	1,295	22,660	SH		OTR	1	22,660	0	0
ISHARES TR	MSCI EAFE ETF	464287465	7,904	138,272	SH		SOLE		12,500	0	125,772
CHEVRON CORP NEW	COM	166764100	60	625	SH		SOLE		0	0	625
MICROSOFT CORP	COM	594918104	206	3,726	SH		SOLE		0	0	3,726
ISHARES TR	LATN AMER 40 ETF	464287390	3	109	SH		SOLE		0	0	109
UNITED PARCEL SERVICE INC	CL B	911312106	290	2,745	SH		SOLE		0	0	2,745
CITIGROUP INC	COM NEW	172967424	7	171	SH		SOLE		0	0	171
CA INC	COM	12673P105	34	1,115	SH		SOLE		0	0	1,115
CISCO SYS INC	COM	17275R102	3	92	SH		SOLE		0	0	92
INTERNATIONAL BUSINESS MACHS	COM	459200101	6	42	SH		SOLE		0	0	42
LOCKHEED MARTIN CORP	COM	539830109	255	1,151	SH		SOLE		0	0	1,151
PEPSICO INC	COM	713448108	204	1,992	SH		SOLE		0	0	1,992
VERIZON COMMUNICATIONS INC	COM	92343V104	1	13	SH		SOLE		0	0	13
SPDR SERIES TRUST	S&P 500 GROWTH	78464A409	59	588	SH		SOLE		0	0	588
ISHARES	MSCI GERMANY ETF	464286806	1,118	43,445	SH		SOLE		0	0	43,445
ISHARES	MSCI ITALCPD ETF	464286855	293	24,000	SH		OTR	1	24,000	0	0
ISHARES	MSCI ITALCPD ETF	464286855	1,488	122,000	SH		SOLE		0	0	122,000
ISHARES	MSCI CDA ETF	464286509	349	14,726	SH		SOLE		0	0	14,726
ISHARES TR	RUS MID-CAP ETF	464287499	281	1,727	SH		SOLE		0	0	1,727
ISHARES TR	RUS MD CP GR ETF	464287481	8,891	96,475	SH		SOLE		0	0	96,475
ISHARES TR	RUS MDCP VAL ETF	464287473	1	21	SH		SOLE		0	0	21
ISHARES TR	GLOBAL 100 ETF	464287572	1,254	17,430	SH		OTR	1	17,430	0	0
ISHARES TR	GLOBAL 100 ETF	464287572	16,342	227,223	SH		SOLE		0	0	227,223
ISHARES TR	GLOBAL ENERG ETF	464287341	647	21,926	SH		OTR	1	21,926	0	0
ISHARES TR	GLOBAL ENERG ETF	464287341	21,767	737,600	SH		SOLE		0	0	737,600
ISHARES TR	GLOB HLTHCRE ETF	464287325	859	8,920	SH		OTR	1	8,920	0	0
ISHARES TR	GLOB HLTHCRE ETF	464287325	9,149	95,000	SH		SOLE		0	0	95,000
ISHARES TR	GLOBAL TECH ETF	464287291	83	832	SH		SOLE		0	0	832
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	4,654	75,200	SH		OTR	1	75,200	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	5,771	93,241	SH		SOLE		0	0	93,241
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	5,797	257,640	SH		OTR	1	257,640	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	40,330	1,792,426	SH		SOLE		0	0	1,792,426
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	9,405	212,020	SH		OTR	1	212,020	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	47,812	1,077,809	SH		SOLE		0	0	1,077,809
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	2,197	32,410	SH		OTR	1	32,410	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	10,750	158,600	SH		SOLE		0	0	158,600
ISHARES	MSCI TAIWAN ETF	464286731	929	67,000	SH		SOLE		0	0	67,000
ISHARES	MSCI BRZ CAP ETF	464286400	473	18,000	SH		SOLE		0	0	18,000
ISHARES	MSCI MEX CAP ETF	464286822	430	8,000	SH		SOLE		0	0	8,000
ISHARES	MSCI SPAN CP ETF	464286764	408	15,000	SH		OTR	1	15,000	0	0
ISHARES	MSCI SPAN CP ETF	464286764	1,909	70,228	SH		SOLE		0	0	70,228
ISHARES TR	MSCI UTD KNGDM	46434V548	389	24,800	SH		SOLE		0	0	24,800
ISHARES TR	U.S. FIN SVC ETF	464287770	2,029	25,000	SH		SOLE		0	0	25,000
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	9,092	111,897	SH		OTR	1	111,897	0	0
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	86,146	1,060,261	SH		SOLE		0	0	1,060,261
AMETEK INC NEW	COM	031100100	34	675	SH		SOLE		0	0	675
BANK AMER CORP	COM	060505104	26	1,960	SH		SOLE		0	0	1,960
STARBUCKS CORP	COM	855244109	920	15,413	SH		SOLE		0	0	15,413
AUTOMATIC DATA PROCESSING IN	COM	053015103	244	2,715	SH		SOLE		0	0	2,715
EXXON MOBIL CORP	COM	30231G102	433	5,182	SH		SOLE		0	0	5,182
UNION PAC CORP	COM	907818108	41	518	SH		SOLE		0	0	518
CARDINAL HEALTH INC	COM	14149Y108	417	5,091	SH		SOLE		0	0	5,091
TOTAL S A	SPONSORED ADR	89151E109	121	2,654	SH		SOLE		0	0	2,654
COMMERCE BANCSHARES INC	COM	200525103	0	2	SH		SOLE		0	0	2
TARGET CORP	COM	87612E106	233	2,835	SH		SOLE		0	0	2,835
CVS HEALTH CORP	COM	126650100	1,228	11,835	SH		SOLE		0	0	11,835
SCHLUMBERGER LTD	COM	806857108	110	1,485	SH		SOLE		0	0	1,485
DANAHER CORP DEL	COM	235851102	28	300	SH		SOLE		0	0	300
PROCTER & GAMBLE CO	COM	742718109	36	432	SH		SOLE		0	0	432
GENERAL ELECTRIC CO	COM	369604103	25	781	SH		SOLE		0	0	781
MCDONALDS CORP	COM	580135101	23	181	SH		SOLE		0	0	181
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	50	938	SH		SOLE		0	0	938
TJX COS INC NEW	COM	872540109	500	6,385	SH		SOLE		0	0	6,385
WELLS FARGO & CO NEW	COM	949746101	112	2,320	SH		SOLE		0	0	2,320
ISHARES TR	1-3 YR TR BD ETF	464287457	4,833	56,839	SH		SOLE		0	0	56,839
ISHARES TR	7-10 Y TR BD ETF	464287440	7,457	67,584	SH		SOLE		0	0	67,584
ISHARES TR	20 YR TR BD ETF	464287432	1,437	11,000	SH		SOLE		11,000	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	2,225	18,725	SH		SOLE		18,725	0	0
MONSANTO CO NEW	COM	61166W101	4	51	SH		SOLE		0	0	51
FISERV INC	COM	337738108	72	700	SH		SOLE		0	0	700
FORD MTR CO DEL	COM PAR $0.01	345370860	76	5,631	SH		SOLE		0	0	5,631
UNITEDHEALTH GROUP INC	COM	91324P102	947	7,345	SH		SOLE		0	0	7,345
TEMPLETON GLOBAL INCOME FD	COM	880198106	163	25,000	SH		OTR	1	25,000	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	1,147	175,979	SH		SOLE		0	0	175,979
ENCANA CORP	COM	292505104	1	105	SH		SOLE		0	0	105
AMERICAN TOWER CORP NEW	COM	03027X100	456	4,453	SH		SOLE		0	0	4,453
WEATHERFORD INTL PLC	ORD SHS	G48833100	6	720	SH		SOLE		0	0	720
UNITED TECHNOLOGIES CORP	COM	913017109	20	200	SH		SOLE		0	0	200
3M CO	COM	88579Y101	0	1	SH		SOLE		0	0	1
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	17,732	169,163	SH		SOLE		0	0	169,163
APPLE INC	COM	037833100	1,410	12,939	SH		SOLE		0	0	12,939
ALLSTATE CORP	COM	020002101	1,115	16,546	SH		SOLE		0	0	16,546
INTL PAPER CO	COM	460146103	1,256	30,610	SH		SOLE		0	0	30,610
ISHARES TR	MSCI EMG MKT ETF	464287234	1,012	29,559	SH		SOLE		0	0	29,559
PPL CORP	COM	69351T106	23	614	SH		SOLE		0	0	614
VANGUARD INDEX FDS	EXTEND MKT ETF	922908652	92	1,117	SH		SOLE		0	0	1,117
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	2,856	36,366	SH		SOLE		0	0	36,366
EQUIFAX INC	COM	294429105	86	750	SH		SOLE		0	0	750
DEVON ENERGY CORP NEW	COM	25179M103	15	537	SH		SOLE		0	0	537
ECOLAB INC	COM	278865100	134	1,200	SH		SOLE		0	0	1,200
ISHARES TR	PHLX SEMICND ETF	464287523	5,864	64,000	SH		SOLE		0	0	64,000
ISHARES TR	NA TEC-SFTWR ETF	464287515	151	1,500	SH		OTR	1	1,500	0	0
ISHARES TR	NA TEC-SFTWR ETF	464287515	4,033	40,061	SH		SOLE		0	0	40,061
ISHARES TR	S&P 100 ETF	464287101	50,036	547,623	SH		SOLE		0	0	547,623
AMERICAN EXPRESS CO	COM	025816109	5	84	SH		SOLE		0	0	84
BOISE CASCADE CO DEL	COM	09739D100	4	200	SH		SOLE		0	0	200
GENERAL MLS INC	COM	370334104	215	3,398	SH		SOLE		0	0	3,398
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	26,034	752,858	SH		SOLE		12,000	0	740,858
ISHARES TR	MSCI AC ASIA ETF	464288182	3,949	72,291	SH		OTR	1	72,291	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	854	4	SH		SOLE		0	0	4
ANNALY CAP MGMT INC	COM	035710409	0	12	SH		SOLE		0	0	12
ISHARES TR	CORE US AGGBD ET	464287226	887	8,000	SH		OTR	1	8,000	0	0
ISHARES TR	CORE US AGGBD ET	464287226	13,302	120,029	SH		SOLE		90,626	0	29,403
W P CAREY INC	COM	92936U109	220	3,532	SH		SOLE		0	0	3,532
BIOGEN INC	COM	09062X103	531	2,040	SH		SOLE		0	0	2,040
ISHARES TR	TIPS BD ETF	464287176	5,635	49,150	SH		OTR	1	49,150	0	0
ISHARES TR	TIPS BD ETF	464287176	43,030	375,348	SH		SOLE		67,548	0	307,800
ROYCE VALUE TR INC	COM	780910105	342	29,226	SH		SOLE		0	0	29,226
CARNIVAL CORP	PAIRED CTF	143658300	5	100	SH		SOLE		0	0	100
CLOROX CO DEL	COM	189054109	226	1,795	SH		SOLE		0	0	1,795
AIR PRODS & CHEMS INC	COM	009158106	47	329	SH		SOLE		0	0	329
MOHAWK INDS INC	COM	608190104	470	2,463	SH		SOLE		0	0	2,463
MEAD JOHNSON NUTRITION CO	COM	582839106	614	7,227	SH		SOLE		0	0	7,227
CHECK POINT SOFTWARE TECH LT	ORD	M22465104	419	4,793	SH		SOLE		0	0	4,793
TIFFANY & CO NEW	COM	886547108	617	8,402	SH		SOLE		0	0	8,402
V F CORP	COM	918204108	199	3,075	SH		SOLE		0	0	3,075
TRAVELERS COMPANIES INC	COM	89417E109	239	2,048	SH		SOLE		0	0	2,048
ISHARES TR	MRGSTR MD CP ETF	464288208	17	115	SH		SOLE		0	0	115
GALLAGHER ARTHUR J & CO	COM	363576109	224	5,047	SH		SOLE		0	0	5,047
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	447	7,124	SH		SOLE		0	0	7,124
STANLEY BLACK & DECKER INC	COM	854502101	234	2,223	SH		SOLE		0	0	2,223
SNAP ON INC	COM	833034101	303	1,927	SH		SOLE		0	0	1,927
WHIRLPOOL CORP	COM	963320106	223	1,238	SH		SOLE		0	0	1,238
ENTERPRISE PRODS PARTNERS L	COM	293792107	12	506	SH		SOLE		0	0	506
YUM BRANDS INC	COM	988498101	21	252	SH		SOLE		0	0	252
AMPHENOL CORP NEW	CL A	032095101	52	900	SH		SOLE		0	0	900
ALLIANCE DATA SYSTEMS CORP	COM	018581108	22	100	SH		SOLE		0	0	100
PENTAIR PLC	SHS	G7S00T104	16	300	SH		SOLE		0	0	300
DAVITA HEALTHCARE PARTNERS I	COM	23918K108	652	8,890	SH		SOLE		0	0	8,890
ALPHABET INC	CAP STK CL A	02079K305	6	8	SH		SOLE		0	0	8
CBRE CLARION GLOBAL REAL EST	COM	12504G100	736	94,195	SH		SOLE		0	0	94,195
TIER REIT INC	COM NEW	88650V208	24	1,782	SH		SOLE		0	0	1,782
SPDR GOLD TRUST	GOLD SHS	78463V107	23	196	SH		SOLE		0	0	196
DENTSPLY SIRONA INC	COM	24906P109	28	450	SH		SOLE		0	0	450
VANGUARD INTL EQUITY INDEX F	FTSE PACIFIC ETF	922042866	1,658	30,000	SH		OTR	1	30,000	0	0
VANGUARD INTL EQUITY INDEX F	FTSE PACIFIC ETF	922042866	14,868	269,000	SH		SOLE		0	0	269,000
VANGUARD INDEX FDS	VALUE ETF	922908744	2,501	30,356	SH		SOLE		0	0	30,356
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	49	396	SH		SOLE		0	0	396
VANGUARD INDEX FDS	MID CAP ETF	922908629	45	371	SH		SOLE		0	0	371
GLOBAL X FDS	GLBX MSCI COLUM	37950E200	755	83,000	SH		SOLE		0	0	83,000
VANGUARD INDEX FDS	REIT ETF	922908553	416	4,960	SH		SOLE		0	0	4,960
INTUITIVE SURGICAL INC	COM NEW	46120E602	918	1,528	SH		SOLE		0	0	1,528
MSC INDL DIRECT INC	CL A	553530106	8	100	SH		SOLE		0	0	100
FOOT LOCKER INC	COM	344849104	395	6,125	SH		SOLE		0	0	6,125
LEGGETT & PLATT INC	COM	524660107	241	4,970	SH		SOLE		0	0	4,970
VANGUARD INDEX FDS	SMALL CP ETF	922908751	12	109	SH		SOLE		0	0	109
VANGUARD INDEX FDS	GROWTH ETF	922908736	3,228	30,320	SH		SOLE		4,000	0	26,320
BLACKROCK MUNIYIELD ARIZ FD	COM	09254K109	35	2,000	SH		SOLE		0	0	2,000
EATON VANCE TAX ADVT DIV INC	COM	27828G107	22	1,141	SH		SOLE		0	0	1,141
HALCON RES CORP	COM PAR	40537Q506	3	3,383	SH		SOLE		0	0	3,383
REPUBLIC SVCS INC	COM	760759100	1,273	26,717	SH		SOLE		0	0	26,717
EATON VANCE TX ADV GLBL DIV	COM	27828S101	18	1,239	SH		SOLE		0	0	1,239
EATON VANCE TAX MNGED BUY WR	COM	27828X100	20	1,241	SH		SOLE		0	0	1,241
MOSAIC CO NEW	COM	61945C103	479	17,732	SH		SOLE		0	0	17,732
BLACKROCK CORPOR HI YLD FD I	COM	09255P107	218	21,878	SH		OTR	1	21,878	0	0
BLACKROCK CORPOR HI YLD FD I	COM	09255P107	2,600	260,756	SH		SOLE		78,416	0	182,340
BARD C R INC	COM	067383109	356	1,755	SH		SOLE		0	0	1,755
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	0	0	SH		SOLE		0	0	0
VANGUARD WORLD FDS	FINANCIALS ETF	92204A405	31	659	SH		SOLE		0	0	659
GUESS INC	COM	401617105	574	30,582	SH		SOLE		0	0	30,582
PVH CORP	COM	693656100	701	7,075	SH		SOLE		0	0	7,075
UNITED CONTL HLDGS INC	COM	910047109	60	1,005	SH		SOLE		0	0	1,005
THERMO FISHER SCIENTIFIC INC	COM	883556102	554	3,910	SH		SOLE		0	0	3,910
FIDELITY NATL INFORMATION SV	COM	31620M106	63	1,000	SH		SOLE		0	0	1,000
ISHARES TR	EAFE VALUE ETF	464288877	21,144	471,342	SH		SOLE		16,000	0	455,342
ISHARES TR	EAFE GRWTH ETF	464288885	840	12,767	SH		SOLE		0	0	12,767
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	3,781	284,481	SH		OTR	1	284,481	0	0
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	22,321	1,679,551	SH		SOLE		0	0	1,679,551
RYDEX ETF TRUST	GUGGENHM S&P 500	78355W205	2,785	19,162	SH		SOLE		0	0	19,162
VANGUARD WORLD FDS	INF TECH ETF	92204A702	3,593	32,800	SH		OTR	1	32,800	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	33,422	305,142	SH		SOLE		0	0	305,142
KAYNE ANDERSON MLP INVT CO	COM	486606106	182	11,000	SH		OTR	1	11,000	0	0
KAYNE ANDERSON MLP INVT CO	COM	486606106	1,060	64,000	SH		SOLE		0	0	64,000
SPDR INDEX SHS FDS	STOXX EUR 50 ETF	78463X103	2,039	67,852	SH		SOLE		0	0	67,852
SPDR SER TR	NUVN BR SHT MUNI	78468R739	15,223	311,817	SH		SOLE		162,768	0	149,049
BARCLAYS BK PLC	DJUBS CMDT ETN36	06738C778	1,401	65,153	SH		SOLE		0	0	65,153
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	8,627	177,800	SH		OTR	1	177,800	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	86,962	1,792,298	SH		SOLE		0	0	1,792,298
CDN IMPERIAL BK COMM TORONTO	COM	136069101	231	3,089	SH		SOLE		0	0	3,089
POWERSHARES ETF TRUST	DYNM LRG CP GR	73935X609	58	1,869	SH		SOLE		0	0	1,869
ISHARES TR	U.S. INSRNCE ETF	464288786	4,865	97,500	SH		SOLE		0	0	97,500
WISDOMTREE TR	EUROPE SMCP DV	97717W869	5,315	93,192	SH		SOLE		0	0	93,192
ISHARES TR	U.S. MED DVC ETF	464288810	4,715	38,500	SH		SOLE		0	0	38,500
PROSHARES TR	PSHS SHORT DOW30	74347R701	48	2,207	SH		SOLE		0	0	2,207
APTARGROUP INC	COM	038336103	20	250	SH		SOLE		0	0	250
WISDOMTREE TR	INTL EQUITY FD	97717W703	7,210	157,450	SH		SOLE		0	0	157,450
WISDOMTREE TR	GLB US QTLY DIV	97717W844	749	16,000	SH		OTR	1	16,000	0	0
WISDOMTREE TR	GLB US QTLY DIV	97717W844	2,796	59,741	SH		SOLE		0	0	59,741
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	533	12,200	SH		OTR	1	12,200	0	0
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	15,649	358,022	SH		SOLE		0	0	358,022
WISDOMTREE TR	MIDCAP DIVI FD	97717W505	4,579	53,176	SH		SOLE		0	0	53,176
WISDOMTREE TR	SMALLCAP DIVID	97717W604	1,266	18,420	SH		SOLE		0	0	18,420
WISDOMTREE TR	TOTAL DIVID FD	97717W109	11	150	SH		SOLE		0	0	150
FIDELITY COMWLTH TR	NDQ CP IDX TRK	315912808	59	310	SH		SOLE		0	0	310
ISHARES TR	CORE S&P TTL STK	464287150	1,220	13,073	SH		SOLE		0	0	13,073
POWERSHARES ETF TRUST	DYNM LRG CP VL	73935X708	15	502	SH		SOLE		0	0	502
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	650	6,913	SH		SOLE		0	0	6,913
CLAYMORE EXCHANGE TRD FD TR	GUG MULTI ASSET	18383M506	382	20,673	SH		SOLE		0	0	20,673
POWERSHARES ETF TRUST	GBL LSTD PVT EQT	73935X195	2,079	201,635	SH		SOLE		0	0	201,635
POWERSHARES ETF TRUST	INTL DIV ACHV	73935X716	4,276	308,542	SH		OTR	1	308,542	0	0
POWERSHARES ETF TRUST	INTL DIV ACHV	73935X716	17	1,260	SH		SOLE		0	0	1,260
VANGUARD INDEX FDS	MCAP GR IDXVIP	922908538	1,900	18,955	SH		SOLE		0	0	18,955
VANGUARD INDEX FDS	MCAP VL IDXVIP	922908512	10	113	SH		SOLE		0	0	113
EATON VANCE TAX MNGD GBL DV	COM	27829F108	1,809	206,009	SH		SOLE		0	0	206,009
FIRST TR EXCHANGE TRADED FD	CAP STRENGTH ETF	33733E104	2,127	54,000	SH		SOLE		0	0	54,000
PROSHARES TR	PSHS SHRT S&P500	74347R503	1,365	66,863	SH		SOLE		0	0	66,863
PROSHARES TR	SHRT RUSSELL2000	74348A210	222	3,576	SH		SOLE		0	0	3,576
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	8,536	197,830	SH		OTR	1	197,830	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	33,899	785,601	SH		SOLE		0	0	785,601
HSBC HLDGS PLC	ADR A 1/40PF A	404280604	3	115	SH		SOLE		0	0	115
POWERSHARES ETF TRUST	FINL PFD PTFL	73935X229	2,246	119,461	SH		SOLE		119,461	0	0
ISHARES TR	SHRT TRS BD ETF	464288679	0	2	SH		SOLE		0	0	2
ISHARES TR	IBOXX HI YD ETF	464288513	13,013	159,296	SH		SOLE		101,080	0	58,216
ISHARES TR	CORE US CR BD	464288620	3,841	34,820	SH		SOLE		33,450	0	1,370
ISHARES TR	1-3 YR CR BD ETF	464288646	39,141	371,282	SH		SOLE		0	0	371,282
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	27,897	345,993	SH		SOLE		0	0	345,993
MORGAN STANLEY CHINA A SH FD	COM	617468103	565	33,366	SH		OTR	1	33,366	0	0
MORGAN STANLEY CHINA A SH FD	COM	617468103	2,989	176,656	SH		SOLE		0	0	176,656
VANGUARD BD INDEX FD INC	INTERMED TERM	921937819	891	10,327	SH		SOLE		0	0	10,327
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	15,997	193,187	SH		SOLE		92,385	0	100,802
CLAYMORE EXCHANGE TRD FD TR	GUGG SPINOFF ETF	18383M605	2,856	74,000	SH		SOLE		0	0	74,000
RYDEX ETF TRUST	GUG S&P MC400 PG	78355W601	37	303	SH		SOLE		0	0	303
SPDR INDEX SHS FDS	MSCI ACWI EXUS	78463X848	2,349	76,228	SH		SOLE		0	0	76,228
SPDR INDEX SHS FDS	ASIA PACIF ETF	78463X301	21,700	293,000	SH		SOLE		0	0	293,000
ISHARES TR	MBS ETF	464288588	236	2,159	SH		SOLE		0	0	2,159
ISHARES TR	U.S. PFD STK ETF	464288687	7,421	190,135	SH		SOLE		46,775	0	143,360
RYDEX ETF TRUST	GUG S&P500EQWTTE	78355W817	829	8,845	SH		SOLE		0	0	8,845
BANK NEW YORK MELLON CORP	COM	064058100	1,123	30,502	SH		SOLE		0	0	30,502
ISHARES TR	INTL SEL DIV ETF	464288448	4,195	144,695	SH		SOLE		0	0	144,695
WISDOMTREE TR	EMER MKT HIGH FD	97717W315	7,548	216,707	SH		OTR	1	216,707	0	0
WISDOMTREE TR	EMER MKT HIGH FD	97717W315	4,782	137,294	SH		SOLE		0	0	137,294
POWERSHARES ETF TR II	S&P INT DEV QLTY	73936T805	21	1,037	SH		SOLE		0	0	1,037
ISHARES TR	3-7 YR TR BD ETF	464288661	5,194	41,238	SH		SOLE		41,200	0	38
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	1,174	17,000	SH		SOLE		17,000	0	0
ISHARES TR	NATIONAL MUN ETF	464288414	7,040	63,053	SH		SOLE		31,275	0	31,778
SPDR SER TR	NUVN BRCLY MUNI	78468R721	1,593	32,298	SH		SOLE		0	0	32,298
ISHARES TR	MRG RL ES CP ETF	464288539	26	2,651	SH		SOLE		0	0	2,651
CLAYMORE EXCHANGE TRD FD TR	GUGG TIMBER ETF	18383Q879	3,864	167,549	SH		SOLE		0	0	167,549
POWERSHARES ETF TR II	SOVEREIGN DEBT	73936T573	2,588	91,458	SH		OTR	1	91,458	0	0
POWERSHARES ETF TR II	SOVEREIGN DEBT	73936T573	48,047	1,697,784	SH		SOLE		71,000	0	1,626,784
WISDOMTREE TR	EMG MKTS SMCAP	97717W281	4	98	SH		SOLE		0	0	98
ISHARES TR	JP MOR EM MK ETF	464288281	2,340	21,203	SH		OTR	1	21,203	0	0
ISHARES TR	JP MOR EM MK ETF	464288281	12,319	111,632	SH		SOLE		50,350	0	61,282
WISDOMTREE CONTINUOUS COMMOD	SHS BEN INT	97718W108	374	20,000	SH		OTR	1	20,000	0	0
SPDR SERIES TRUST	BRCLYS 1-3MT ETF	78464A680	3	61	SH		SOLE		0	0	61
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	2,160	88,000	SH		SOLE		88,000	0	0
SPDR SERIES TRUST	NUVN CALI MUNI	78464A441	431	17,502	SH		SOLE		0	0	17,502
SWEDISH EXPT CR CORP	ROG TTL ETN 22	870297801	18	3,970	SH		SOLE		0	0	3,970
ISHARES TR	INTL DEV RE ETF	464288489	3,294	112,715	SH		SOLE		0	0	112,715
ISHARES TR	INTERM CR BD ETF	464288638	9,987	91,046	SH		SOLE		90,380	0	666
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	2,834	82,750	SH		SOLE		0	0	82,750
B & G FOODS INC NEW	COM	05508R106	237	6,812	SH		SOLE		0	0	6,812
POWERSHARES GLOBAL ETF FD	S&P 500 BUYWRT	73936G308	4	189	SH		SOLE		0	0	189
VANGUARD WORLD FD	MEGA GRWTH IND	921910816	6,411	77,125	SH		SOLE		0	0	77,125
VANGUARD WORLD FD	MEGA CAP VAL ETF	921910840	15	258	SH		SOLE		0	0	258
POWERSHARES ETF TR II	EMER MRKT PORT	73936T763	1,410	90,500	SH		OTR	1	90,500	0	0
POWERSHARES ETF TR II	EMER MRKT PORT	73936T763	7,834	502,800	SH		SOLE		0	0	502,800
VISA INC	COM CL A	92826C839	1,269	16,588	SH		SOLE		0	0	16,588
SPDR SERIES TRUST	CITI INT GVT ETF	78464A490	3,456	63,675	SH		SOLE		63,675	0	0
ISHARES	MSCI ISR CAP ETF	464286632	306	6,400	SH		SOLE		0	0	6,400
ISHARES TR	MSCI ACWI EX US	464288240	11,689	296,069	SH		SOLE		0	0	296,069
FIRST TR US IPO INDEX FD	SHS	336920103	2,402	48,000	SH		SOLE		0	0	48,000
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	193	2,758	SH		SOLE		0	0	2,758
CLAYMORE EXCHANGE TRD FD TR	GUGGENHEIM SOLAR	18383Q739	997	44,000	SH		SOLE		0	0	44,000
ISHARES TR	CALIF MUN BD ETF	464288356	29	240	SH		SOLE		0	0	240
POWERSHARES ETF TR II	PFD PORTFOLIO	73936T565	1,399	93,766	SH		SOLE		88,700	0	5,066
POWERSHARES ETF TR II	FDM HG YLD RAFI	73936T557	4,558	256,068	SH		OTR	1	256,068	0	0
POWERSHARES ETF TR II	FDM HG YLD RAFI	73936T557	25,780	1,448,317	SH		SOLE		0	0	1,448,317
RYDEX ETF TRUST	GUG S&P500EQWTEN	78355W866	61	1,251	SH		SOLE		0	0	1,251
RYDEX ETF TRUST	GUG S&P500EQWTFI	78355W858	521	12,495	SH		SOLE		0	0	12,495
VANGUARD NAT RES LLC	COM UNIT	92205F106	1	692	SH		SOLE		0	0	692
SPDR INDEX SHS FDS	DJ GLB RL ES ETF	78463X749	13	258	SH		SOLE		0	0	258
ULTA SALON COSMETCS & FRAG I	COM	90384S303	539	2,782	SH		SOLE		0	0	2,782
ISHARES TR	MSCI ACWI ETF	464288257	4,205	75,000	SH		SOLE		0	0	75,000
FIDELITY	CONSMR STAPLES	316092303	15	467	SH		SOLE		0	0	467
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	5,538	96,000	SH		SOLE		0	0	96,000
INDEXIQ ETF TR	HEDGE MLTI ETF	45409B107	11	370	SH		SOLE		0	0	370
ISHARES TR	SHRT NAT MUN ETF	464288158	300	2,824	SH		SOLE		0	0	2,824
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	8,213	94,483	SH		SOLE		94,483	0	0
ISHARES	ALL PERU CAP ETF	464289842	1,199	45,500	SH		SOLE		0	0	45,500
PROSHARES TR	PSHS LC COR PLUS	74347R248	4,662	92,208	SH		SOLE		0	0	92,208
PIMCO ETF TR	1-5 US TIP IDX	72201R205	26,889	513,632	SH		SOLE		71,372	0	442,260
VERISK ANALYTICS INC	COM	92345Y106	52	650	SH		SOLE		0	0	650
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	1,053	10,452	SH		OTR	1	10,452	0	0
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	39,293	389,891	SH		SOLE		171,117	0	218,774
ISHARES	RUS TP200 GR ETF	464289438	3,654	68,000	SH		OTR	1	68,000	0	0
ISHARES	RUS TP200 GR ETF	464289438	26,838	499,500	SH		SOLE		0	0	499,500
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	1,926	39,077	SH		SOLE		0	0	39,077
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	1,172	43,249	SH		SOLE		0	0	43,249
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	0	5	SH		SOLE		0	0	5
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	4,592	57,375	SH		SOLE		57,375	0	0
INDEXIQ ETF TR	IQ MRGR ARB ETF	45409B800	9	301	SH		SOLE		0	0	301
SCHWAB STRATEGIC TR	US LCAP GR ETF	808524300	886	16,904	SH		SOLE		0	0	16,904
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	1,625	37,610	SH		SOLE		0	0	37,610
GLOBAL X FDS	CHINA CONS ETF	37950E408	19	1,733	SH		SOLE		0	0	1,733
PIMCO ETF TR	INTER MUN BD ACT	72201R866	16	292	SH		SOLE		0	0	292
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	2,192	41,000	SH		SOLE		41,000	0	0
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	1,743	83,899	SH		SOLE		0	0	83,899
WISDOMTREE TR	EUROPE HEDGED EQ	97717X701	11	216	SH		SOLE		0	0	216
GLOBAL X FDS	CHINA FINL ETF	37950E606	412	33,000	SH		SOLE		0	0	33,000
SPDR SERIES TRUST	BARC SHT TR CP	78464A474	2,161	70,552	SH		SOLE		0	0	70,552
ISHARES	MSCI EURO FL ETF	464289180	1,706	95,253	SH		SOLE		0	0	95,253
PIMCO ETF TR	SHTRM MUN BD ACT	72201R874	14	271	SH		SOLE		0	0	271
POWERSHARES ETF TRUST II	CEF INC COMPST	73936Q843	162	7,500	SH		OTR	1	7,500	0	0
POWERSHARES ETF TRUST II	CEF INC COMPST	73936Q843	6,291	291,369	SH		SOLE		0	0	291,369
ISHARES TR	MSCI INDONIA ETF	46429B309	532	22,600	SH		SOLE		0	0	22,600
ISHARES TR	IRELAND CAPD ETF	46429B507	2,010	50,000	SH		SOLE		0	0	50,000
CLAYMORE EXCHANGE TRD FD TR	GUGG CRP BD 2017	18383M548	1,432	63,232	SH		SOLE		0	0	63,232
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	5,282	103,972	SH		SOLE		0	0	103,972
ALPS ETF TR	ALERIAN MLP	00162Q866	7,531	689,670	SH		SOLE		99,500	0	590,170
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	494	8,889	SH		SOLE		0	0	8,889
UNITED STS COMMODITY INDEX F	COMM IDX FND	911717106	1,645	40,700	SH		SOLE		35,500	0	5,200
EGA EMERGING GLOBAL SHS TR	EGS EMKTCONS ETF	268461779	1,266	56,000	SH		OTR	1	56,000	0	0
EGA EMERGING GLOBAL SHS TR	EGS EMKTCONS ETF	268461779	13,074	578,477	SH		SOLE		0	0	578,477
ISHARES TR	MSCI PHILIPS ETF	46429B408	238	6,500	SH		SOLE		0	0	6,500
SPDR INDEX SHS FDS	GLB NAT RESRCE	78463X541	3,252	93,000	SH		SOLE		0	0	93,000
ISHARES INC	MSCI RUSSIA CAP	46434G806	64	5,000	SH		OTR	1	5,000	0	0
ISHARES INC	MSCI RUSSIA CAP	46434G806	5,709	445,000	SH		SOLE		0	0	445,000
GENERAL MTRS CO	COM	37045V100	4	137	SH		SOLE		0	0	137
KAYNE ANDERSON MDSTM ENERGY	COM	48661E108	11	1,020	SH		SOLE		0	0	1,020
PROSHARES TR	RAFI LG SHT FD	74347X310	8	212	SH		SOLE		0	0	212
WISDOMTREE TR	FUTRE STRAT FD	97717W125	2,428	58,000	SH		OTR	1	58,000	0	0
WISDOMTREE TR	FUTRE STRAT FD	97717W125	13,180	314,780	SH		SOLE		0	0	314,780
SCHWAB STRATEGIC TR	US MID-CAP ETF	808524508	576	14,188	SH		SOLE		0	0	14,188
ADVISORSHARES TR	RANGER EQUITY BE	00768Y883	4	358	SH		SOLE		0	0	358
VANGUARD STAR FD	VG TL INTL STK F	921909768	33,181	738,668	SH		SOLE		0	0	738,668
SPDR INDEX SHS FDS	S&P EM MKT DIV	78463X533	36,768	1,375,000	SH		SOLE		0	0	1,375,000
GLOBAL X FDS	GB MSCI AR ETF	37950E259	39	2,012	SH		SOLE		0	0	2,012
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	34,328	1,511,267	SH		SOLE		434,800	0	1,076,467
ISHARES TR	CORE HIGH DV ETF	46429B663	6,454	82,734	SH		SOLE		0	0	82,734
ISHARES TR	CHINA ETF	46429B671	8	182	SH		SOLE		0	0	182
GENERAL MTRS CO	*W EXP 07/10/201	37045V118	3	126	SH		SOLE		0	0	126
GENERAL MTRS CO	*W EXP 07/10/201	37045V126	2	126	SH		SOLE		0	0	126
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	7,402	183,542	SH		SOLE		26,800	0	156,742
NEW YORK REIT INC	COM	64976L109	1	100	SH		SOLE		0	0	100
ISHARES TR	INTL INFL-LKD BD	46429B770	48	1,133	SH		SOLE		0	0	1,133
DBX ETF TR	XTRAK MSCI EAFE	233051200	1,392	54,500	SH		OTR	1	54,500	0	0
DBX ETF TR	XTRAK MSCI EAFE	233051200	32,158	1,259,120	SH		SOLE		0	0	1,259,120
DBX ETF TR	XTRAK MSCI JAPN	233051507	5,100	152,000	SH		SOLE		0	0	152,000
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	951	10,226	SH		OTR	1	10,226	0	0
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	21,558	231,909	SH		SOLE		56,295	0	175,614
SCHWAB STRATEGIC TR	US AGGREGATE B	808524839	1,295	24,516	SH		SOLE		0	0	24,516
DUNKIN BRANDS GROUP INC	COM	265504100	980	20,773	SH		SOLE		0	0	20,773
FLEXSHARES TR	MORNSTAR UPSTR	33939L407	19	775	SH		SOLE		0	0	775
FLEXSHARES TR	IBOXX 5YR TRGT	33939L605	253	10,000	SH		OTR	1	10,000	0	0
PROSHARES TR II	SHT VIX ST TRM	74347W627	1,112	22,000	SH		SOLE		0	0	22,000
ISHARES TR	USA MIN VOL ETF	46429B697	2,306	52,500	SH		OTR	1	52,500	0	0
ISHARES TR	USA MIN VOL ETF	46429B697	33,997	773,886	SH		SOLE		0	0	773,886
POWERSHARES ETF TR II	KBW BK PORT	73937B746	4	133	SH		SOLE		0	0	133
ISHARES TR	EAFE MIN VOL ETF	46429B689	4,319	65,000	SH		OTR	1	65,000	0	0
ISHARES TR	EAFE MIN VOL ETF	46429B689	37,996	571,888	SH		SOLE		0	0	571,888
ISHARES	CNTRY MIN VL ETF	464286525	12,699	172,806	SH		SOLE		0	0	172,806
ISHARES	EM MK MINVOL ETF	464286533	1,772	34,500	SH		OTR	1	34,500	0	0
ISHARES	EM MK MINVOL ETF	464286533	17,163	334,100	SH		SOLE		0	0	334,100
ISHARES	EM MKTS CURR ETF	464286517	2,277	52,400	SH		SOLE		52,400	0	0
ISHARES	GLB AGRIC PR ETF	464286350	108	4,846	SH		SOLE		0	0	4,846
ISHARES TR	CORE US TR BD	46429B267	305	11,838	SH		SOLE		0	0	11,838
ISHARES TR	MSCI INDIA ETF	46429B598	1,893	69,786	SH		SOLE		0	0	69,786
PIMCO ETF TR	TTL RTN ACTV ETF	72201R775	7,758	73,559	SH		OTR	1	73,559	0	0
PIMCO ETF TR	TTL RTN ACTV ETF	72201R775	53,986	511,864	SH		SOLE		59,909	0	451,955
VANTIV INC	CL A	92210H105	13	250	SH		SOLE		0	0	250
SPDR SER TR	SHT TRM HGH YLD	78468R408	6,571	254,474	SH		SOLE		252,775	0	1,699
FIRST TR EXCHANGE TRADED FD	NASD TECH DIV	33738R118	1,978	73,500	SH		OTR	1	73,500	0	0
FIRST TR EXCHANGE TRADED FD	NASD TECH DIV	33738R118	29,420	1,093,272	SH		SOLE		0	0	1,093,272
ISHARES INC	CORE MSCI EMKT	46434G103	3,392	81,500	SH		OTR	1	81,500	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	11,460	275,350	SH		SOLE		0	0	275,350
ISHARES TR	CORE MSCITOTAL	46432F834	4,770	96,488	SH		SOLE		0	0	96,488
ISHARES TR	CORE MSCI EAFE	46432F842	12,039	226,555	SH		SOLE		0	0	226,555
GLOBAL X FDS	GLB X GURU INDEX	37950E341	3	139	SH		SOLE		0	0	139
ISHARES TR	CORE ST USDB ETF	46432F859	900	8,947	SH		SOLE		0	0	8,947
ABBVIE INC	COM	00287Y109	483	8,459	SH		SOLE		0	0	8,459
PIMCO DYNAMIC CR INCOME FD	COM SHS	72202D106	157	9,000	SH		OTR	1	9,000	0	0
PIMCO DYNAMIC CR INCOME FD	COM SHS	72202D106	1,988	113,987	SH		SOLE		0	0	113,987
SPDR SER TR	RUSS2000 LOVOL	78468R887	22	287	SH		SOLE		0	0	287
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	1,037	22,300	SH		OTR	1	22,300	0	0
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	9,783	210,471	SH		SOLE		42,500	0	167,971
EGA EMERGING GLOBAL SHS TR	EGSHR BYND BRC	268461639	1,914	121,433	SH		SOLE		0	0	121,433
ISHARES TR	MSCI USAMOMFCT	46432F396	3,818	52,224	SH		SOLE		0	0	52,224
WISDOMTREE TR	US QTLY DIV GRT	97717X669	1,297	41,482	SH		SOLE		0	0	41,482
VANGUARD CHARLOTTE FDS	INTL BD IDX ETF	92203J407	274	5,020	SH		OTR	1	5,020	0	0
VANGUARD CHARLOTTE FDS	INTL BD IDX ETF	92203J407	3,272	60,000	SH		SOLE		0	0	60,000
VANGUARD WHITEHALL FDS INC	EMERG MKT BD ETF	921946885	151	1,956	SH		SOLE		0	0	1,956
FLEXSHARES TR	INTL QLTDV IDX	33939L837	927	42,000	SH		OTR	1	42,000	0	0
FLEXSHARES TR	INTL QLTDV IDX	33939L837	1,974	89,380	SH		SOLE		0	0	89,380
ISHARES TR	MSCI USAVALFCT	46432F388	767	12,500	SH		OTR	1	12,500	0	0
ISHARES TR	MSCI USAVALFCT	46432F388	18,638	303,796	SH		SOLE		0	0	303,796
EXCHANGE LISTED FDS TR	HRZN S&P500 CV C	30151E103	1	15	SH		SOLE		0	0	15
SCHWAB STRATEGIC TR	SCHWB FDT INT LG	808524755	1,096	46,341	SH		SOLE		0	0	46,341
ISHARES TR	MSCI USA QLT FAC	46432F339	16,961	258,477	SH		OTR	1	258,477	0	0
ISHARES TR	MSCI USA QLT FAC	46432F339	123,364	1,879,982	SH		SOLE		0	0	1,879,982
FLEXSHARES TR	STOXX GLOBR INF	33939L795	543	12,500	SH		OTR	1	12,500	0	0
FLEXSHARES TR	STOXX GLOBR INF	33939L795	5,666	130,402	SH		SOLE		0	0	130,402
DBX ETF TR	DB XTR MSCI EUR	233051853	2,750	111,474	SH		SOLE		0	0	111,474
FIDELITY	MSCI ENERGY IDX	316092402	6,497	370,000	SH		SOLE		0	0	370,000
FIDELITY	MSCI INFO TECH I	316092808	2,357	71,000	SH		SOLE		0	0	71,000
FIRST TR EXCHAN TRADED FD VI	FST TR GLB FD	33739H101	15	760	SH		SOLE		0	0	760
WISDOMTREE TR	BLMBG US BULL	97717W471	5	188	SH		SOLE		0	0	188
GLOBAL X FDS	GBL X MSCI NGR	37950E424	299	49,000	SH		SOLE		0	0	49,000
FIDELITY	MSCI FINLS IDX	316092501	9,016	334,284	SH		SOLE		0	0	334,284
ISHARES TR	HDG MSCI JAPAN	46434V886	45	1,768	SH		SOLE		0	0	1,768
ISHARES TR	HDG MSCI EAFE	46434V803	60	2,507	SH		SOLE		0	0	2,507
ALPHABET INC	CAP STK CL C	02079K107	6	8	SH		SOLE		0	0	8
CAMBRIA ETF TR	GLOBAL VALUE ETF	132061409	1,301	70,100	SH		SOLE		0	0	70,100
POWERSHARES ETF TR II	VAR RATE PFD POR	73937B597	6,492	270,837	SH		SOLE		0	0	270,837
WISDOMTREE TR	ITL HDG QTLY DIV	97717X594	1,872	73,000	SH		SOLE		0	0	73,000
ISHARES TR	JAPAN MIN VOL	46434V712	1,854	32,500	SH		SOLE		0	0	32,500
ISHARES TR	CORE DIV GRWTH	46434V621	166	6,272	SH		SOLE		0	0	6,272
ISHARES TR	CORE MSCI EURO	46434V738	1,184	28,823	SH		SOLE		0	0	28,823
KITE PHARMA INC	COM	49803L109	5	100	SH		SOLE		0	0	100
FIRST TR EXCHANGE TRADED FD	DORSEY WRIGHT	33738R886	5,365	313,000	SH		SOLE		0	0	313,000
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	14	177	SH		SOLE		0	0	177
CDK GLOBAL INC	COM	12508E101	2	33	SH		SOLE		0	0	33
FIDELITY	TOTAL BD ETF	316188309	2,436	49,883	SH		OTR	1	49,883	0	0
FIDELITY	TOTAL BD ETF	316188309	11,719	240,000	SH		SOLE		0	0	240,000
J P MORGAN EXCHANGE TRADED F	DIV RTN INT EQ	46641Q209	13,590	273,818	SH		SOLE		0	0	273,818
ISHARES U S ETF TR	COMMOD SEL STG	46431W853	15,684	543,650	SH		SOLE		0	0	543,650
SSGA ACTIVE ETF TR	SPDR TR TACTIC	78467V848	4,628	93,730	SH		OTR	1	93,730	0	0
SSGA ACTIVE ETF TR	SPDR TR TACTIC	78467V848	58,928	1,193,356	SH		SOLE		310,414	0	882,942
TALEN ENERGY CORP	COM	87422J105	1	74	SH		SOLE		0	0	74