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	429	2,399	SH		SOLE		0	0	2,399
ISHARES	MSCI HONG KG ETF	464286871	96	4,904	SH		SOLE		0	0	4,904
ISHARES	MSCI JAPAN ETF	464286848	3,727	324,100	SH		OTR	1	324,100	0	0
ISHARES	MSCI JAPAN ETF	464286848	19,314	1,679,516	SH		SOLE		0	0	1,679,516
ISHARES	MSCI EURZONE ETF	464286608	4,276	132,500	SH		OTR	1	132,500	0	0
ISHARES	MSCI EURZONE ETF	464286608	21,507	666,463	SH		SOLE		0	0	666,463
ISHARES TR	EUROPE ETF	464287861	14,605	386,472	SH		SOLE		0	0	386,472
ISHARES TR	CORE S&P MCP ETF	464287507	51	344	SH		SOLE		0	0	344
ISHARES TR	S&P MC 400GR ETF	464287606	20	116	SH		SOLE		0	0	116
ISHARES TR	S&P 500 VAL ETF	464287408	510	5,484	SH		SOLE		0	0	5,484
ISHARES TR	CORE S&P500 ETF	464287200	3,620	17,196	SH		SOLE		15,660	0	1,536
ISHARES TR	S&P 500 GRWT ETF	464287309	15,776	135,320	SH		SOLE		0	0	135,320
ISHARES TR	RUS 1000 ETF	464287622	26	221	SH		SOLE		0	0	221
ISHARES TR	RUS 1000 VAL ETF	464287598	30,322	293,735	SH		SOLE		0	0	293,735
ISHARES TR	RUS 1000 GRW ETF	464287614	3,829	38,154	SH		OTR	1	38,154	0	0
ISHARES TR	RUS 1000 GRW ETF	464287614	21,658	215,806	SH		SOLE		0	0	215,806
ISHARES TR	RUSSELL 2000 ETF	464287655	137	1,194	SH		SOLE		0	0	1,194
ISHARES TR	RUSSELL 3000 ETF	464287689	547	4,412	SH		SOLE		0	0	4,412
ISHARES TR	CORE US VAL ETF	464287663	51	377	SH		SOLE		0	0	377
ISHARES TR	U.S. REAL ES ETF	464287739	3,362	40,806	SH		SOLE		0	0	40,806
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	369	1,357	SH		SOLE		0	0	1,357
SPDR S&P 500 ETF TR	TR UNIT	78462F103	856	4,085	SH		SOLE		0	0	4,085
ADOBE SYS INC	COM	00724F101	441	4,607	SH		SOLE		0	0	4,607
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	292	2,018	SH		SOLE		0	0	2,018
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	4,743	44,100	SH		SOLE		0	0	44,100
CONAGRA FOODS INC	COM	205887102	15	315	SH		SOLE		0	0	315
ALTRIA GROUP INC	COM	02209S103	22	315	SH		SOLE		0	0	315
HORMEL FOODS CORP	COM	440452100	916	25,037	SH		SOLE		0	0	25,037
INTEL CORP	COM	458140100	47	1,429	SH		SOLE		0	0	1,429
ISHARES TR	RUS 2000 GRW ETF	464287648	29	210	SH		SOLE		0	0	210
SHERWIN WILLIAMS CO	COM	824348106	17	59	SH		SOLE		0	0	59
SYSCO CORP	COM	871829107	262	5,156	SH		SOLE		0	0	5,156
JOHNSON & JOHNSON	COM	478160104	376	3,102	SH		SOLE		0	0	3,102
PFIZER INC	COM	717081103	25	721	SH		SOLE		0	0	721
EDISON INTL	COM	281020107	32	408	SH		SOLE		0	0	408
ISHARES TR	US OIL EQ&SV ETF	464288844	1,698	44,000	SH		SOLE		0	0	44,000
LOWES COS INC	COM	548661107	580	7,324	SH		SOLE		0	0	7,324
ISHARES TR	MSCI EAFE ETF	464287465	1,813	32,473	SH		SOLE		12,500	0	19,973
CHEVRON CORP NEW	COM	166764100	55	525	SH		SOLE		0	0	525
MICROSOFT CORP	COM	594918104	20	400	SH		SOLE		0	0	400
ISHARES TR	LATN AMER 40 ETF	464287390	2	60	SH		SOLE		0	0	60
UNITED PARCEL SERVICE INC	CL B	911312106	301	2,797	SH		SOLE		0	0	2,797
CITIGROUP INC	COM NEW	172967424	7	171	SH		SOLE		0	0	171
CA INC	COM	12673P105	37	1,124	SH		SOLE		0	0	1,124
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	289	1,163	SH		SOLE		0	0	1,163
PEPSICO INC	COM	713448108	217	2,052	SH		SOLE		0	0	2,052
SPDR SERIES TRUST	S&P 500 GROWTH	78464A409	34	338	SH		SOLE		0	0	338
ISHARES	MSCI AUST ETF	464286103	2,665	137,000	SH		SOLE		0	0	137,000
ISHARES	MSCI GERMANY ETF	464286806	986	40,987	SH		SOLE		0	0	40,987
ISHARES	MSCI ITALCPD ETF	464286855	260	24,000	SH		OTR	1	24,000	0	0
ISHARES	MSCI ITALCPD ETF	464286855	1,324	122,000	SH		SOLE		0	0	122,000
ISHARES	MSCI CDA ETF	464286509	359	14,666	SH		SOLE		0	0	14,666
ISHARES TR	RUS MID-CAP ETF	464287499	161	959	SH		SOLE		0	0	959
ISHARES TR	RUS MD CP GR ETF	464287481	246	2,632	SH		SOLE		0	0	2,632
ISHARES TR	RUS MDCP VAL ETF	464287473	2	21	SH		SOLE		0	0	21
ISHARES TR	GLOBAL 100 ETF	464287572	389	5,430	SH		OTR	1	5,430	0	0
ISHARES TR	GLOBAL 100 ETF	464287572	16,290	227,223	SH		SOLE		0	0	227,223
ISHARES TR	GLOBAL ENERG ETF	464287341	708	21,926	SH		OTR	1	21,926	0	0
ISHARES TR	GLOBAL ENERG ETF	464287341	23,832	737,600	SH		SOLE		0	0	737,600
ISHARES TR	GLOB HLTHCRE ETF	464287325	901	8,920	SH		OTR	1	8,920	0	0
ISHARES TR	GLOB HLTHCRE ETF	464287325	9,594	95,000	SH		SOLE		0	0	95,000
ISHARES TR	GLOBAL TECH ETF	464287291	71	725	SH		SOLE		0	0	725
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	4,245	62,200	SH		OTR	1	62,200	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	6,369	93,337	SH		SOLE		0	0	93,337
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	7,443	325,640	SH		OTR	1	325,640	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	42,177	1,845,426	SH		SOLE		0	0	1,845,426
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	8,870	204,520	SH		OTR	1	204,520	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	44,042	1,015,484	SH		SOLE		0	0	1,015,484
ISHARES	MSCI SINGAP ETF	464286673	783	72,000	SH		SOLE		0	0	72,000
ISHARES	MSCI TAIWAN ETF	464286731	976	69,500	SH		SOLE		0	0	69,500
ISHARES	MSCI SPAN CP ETF	464286764	375	15,000	SH		OTR	1	15,000	0	0
ISHARES	MSCI SPAN CP ETF	464286764	1,758	70,380	SH		SOLE		0	0	70,380
ISHARES	MSCI SZ CAP ETF	464286749	415	14,000	SH		SOLE		0	0	14,000
ISHARES TR	MSCI UTD KNGDM	46434V548	381	24,800	SH		SOLE		0	0	24,800
ISHARES TR	U.S. FIN SVC ETF	464287770	2,217	27,500	SH		SOLE		0	0	27,500
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	7,067	84,897	SH		OTR	1	84,897	0	0
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	90,951	1,092,631	SH		SOLE		0	0	1,092,631
AMETEK INC NEW	COM	031100100	31	675	SH		SOLE		0	0	675
BANK AMER CORP	COM	060505104	26	1,960	SH		SOLE		0	0	1,960
STARBUCKS CORP	COM	855244109	1,315	23,021	SH		SOLE		0	0	23,021
AUTOMATIC DATA PROCESSING IN	COM	053015103	255	2,780	SH		SOLE		0	0	2,780
EXXON MOBIL CORP	COM	30231G102	476	5,082	SH		SOLE		0	0	5,082
UNION PAC CORP	COM	907818108	45	518	SH		SOLE		0	0	518
CARDINAL HEALTH INC	COM	14149Y108	178	2,285	SH		SOLE		0	0	2,285
TOTAL S A	SPONSORED ADR	89151E109	128	2,654	SH		SOLE		0	0	2,654
TARGET CORP	COM	87612E106	204	2,925	SH		SOLE		0	0	2,925
CVS HEALTH CORP	COM	126650100	1,135	11,857	SH		SOLE		0	0	11,857
SCHLUMBERGER LTD	COM	806857108	117	1,485	SH		SOLE		0	0	1,485
DANAHER CORP DEL	COM	235851102	30	300	SH		SOLE		0	0	300
PROCTER & GAMBLE CO	COM	742718109	20	232	SH		SOLE		0	0	232
GENERAL ELECTRIC CO	COM	369604103	25	781	SH		SOLE		0	0	781
MCDONALDS CORP	COM	580135101	22	181	SH		SOLE		0	0	181
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	48	938	SH		SOLE		0	0	938
WELLS FARGO & CO NEW	COM	949746101	107	2,270	SH		SOLE		0	0	2,270
ISHARES TR	1-3 YR TR BD ETF	464287457	4,202	49,252	SH		SOLE		0	0	49,252
ISHARES TR	7-10 Y TR BD ETF	464287440	8,287	73,368	SH		SOLE		0	0	73,368
ISHARES TR	20 YR TR BD ETF	464287432	1,528	11,000	SH		SOLE		11,000	0	0
MONSANTO CO NEW	COM	61166W101	5	51	SH		SOLE		0	0	51
FISERV INC	COM	337738108	76	700	SH		SOLE		0	0	700
FORD MTR CO DEL	COM PAR $0.01	345370860	71	5,631	SH		SOLE		0	0	5,631
UNITEDHEALTH GROUP INC	COM	91324P102	1,058	7,494	SH		SOLE		0	0	7,494
TEMPLETON GLOBAL INCOME FD	COM	880198106	159	25,000	SH		OTR	1	25,000	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	931	146,395	SH		SOLE		0	0	146,395
ENCANA CORP	COM	292505104	1	105	SH		SOLE		0	0	105
AMERICAN TOWER CORP NEW	COM	03027X100	461	4,058	SH		SOLE		0	0	4,058
3M CO	COM	88579Y101	205	1,170	SH		SOLE		0	0	1,170
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	20,404	190,411	SH		SOLE		0	0	190,411
WELLTOWER INC	COM	95040Q104	38	500	SH		SOLE		0	0	500
APPLE INC	COM	037833100	1,228	12,845	SH		SOLE		0	0	12,845
ALLSTATE CORP	COM	020002101	1,156	16,527	SH		SOLE		0	0	16,527
INTL PAPER CO	COM	460146103	1,280	30,205	SH		SOLE		0	0	30,205
ISHARES TR	MSCI EMG MKT ETF	464287234	626	18,206	SH		SOLE		0	0	18,206
PPL CORP	COM	69351T106	0	6	SH		SOLE		0	0	6
VANGUARD INDEX FDS	EXTEND MKT ETF	922908652	18	209	SH		SOLE		0	0	209
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	42	522	SH		SOLE		0	0	522
EQUIFAX INC	COM	294429105	96	750	SH		SOLE		0	0	750
DEVON ENERGY CORP NEW	COM	25179M103	19	537	SH		SOLE		0	0	537
ECOLAB INC	COM	278865100	91	768	SH		SOLE		0	0	768
ISHARES TR	PHLX SEMICND ETF	464287523	5,993	64,000	SH		SOLE		0	0	64,000
ISHARES TR	S&P 100 ETF	464287101	47,012	506,049	SH		SOLE		0	0	506,049
AMERICAN EXPRESS CO	COM	025816109	5	84	SH		SOLE		0	0	84
BOISE CASCADE CO DEL	COM	09739D100	5	200	SH		SOLE		0	0	200
GENERAL MLS INC	COM	370334104	248	3,480	SH		SOLE		0	0	3,480
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	29,703	843,111	SH		SOLE		12,000	0	831,111
ISHARES TR	MSCI AC ASIA ETF	464288182	3,406	62,291	SH		OTR	1	62,291	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	868	4	SH		SOLE		0	0	4
ANNALY CAP MGMT INC	COM	035710409	0	1	SH		SOLE		0	0	1
ISHARES TR	CORE US AGGBD ET	464287226	13,697	121,625	SH		SOLE		90,626	0	30,999
W P CAREY INC	COM	92936U109	250	3,604	SH		SOLE		0	0	3,604
BIOGEN INC	COM	09062X103	809	3,346	SH		SOLE		0	0	3,346
ISHARES TR	TIPS BD ETF	464287176	5,734	49,150	SH		OTR	1	49,150	0	0
ISHARES TR	TIPS BD ETF	464287176	47,330	405,677	SH		SOLE		75,048	0	330,629
ROYCE VALUE TR INC	COM	780910105	120	10,210	SH		OTR	1	10,210	0	0
ROYCE VALUE TR INC	COM	780910105	1,473	125,177	SH		SOLE		0	0	125,177
CARNIVAL CORP	UNIT 99/99/9999	143658300	4	100	SH		SOLE		0	0	100
CLOROX CO DEL	COM	189054109	253	1,828	SH		SOLE		0	0	1,828
MOHAWK INDS INC	COM	608190104	425	2,239	SH		SOLE		0	0	2,239
MEAD JOHNSON NUTRITION CO	COM	582839106	691	7,614	SH		SOLE		0	0	7,614
TIFFANY & CO NEW	COM	886547108	539	8,896	SH		SOLE		0	0	8,896
TRAVELERS COMPANIES INC	COM	89417E109	250	2,103	SH		SOLE		0	0	2,103
GALLAGHER ARTHUR J & CO	COM	363576109	245	5,137	SH		SOLE		0	0	5,137
STANLEY BLACK & DECKER INC	COM	854502101	251	2,255	SH		SOLE		0	0	2,255
SNAP ON INC	COM	833034101	309	1,960	SH		SOLE		0	0	1,960
INFOSYS LTD	SPONSORED ADR	456788108	834	46,729	SH		SOLE		0	0	46,729
WHIRLPOOL CORP	COM	963320106	213	1,276	SH		SOLE		0	0	1,276
ENTERPRISE PRODS PARTNERS L	COM	293792107	94	3,228	SH		SOLE		0	0	3,228
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	20	100	SH		SOLE		0	0	100
DAVITA HEALTHCARE PARTNERS I	COM	23918K108	716	9,259	SH		SOLE		0	0	9,259
ALPHABET INC	CAP STK CL A	02079K305	6	8	SH		SOLE		0	0	8
CBRE CLARION GLOBAL REAL EST	COM	12504G100	1,492	181,255	SH		SOLE		0	0	181,255
TIER REIT INC	COM NEW	88650V208	13	833	SH		SOLE		0	0	833
SPDR GOLD TRUST	GOLD SHS	78463V107	25	196	SH		SOLE		0	0	196
VANGUARD INTL EQUITY INDEX F	FTSE PACIFIC ETF	922042866	1,672	30,000	SH		OTR	1	30,000	0	0
VANGUARD INTL EQUITY INDEX F	FTSE PACIFIC ETF	922042866	14,991	269,000	SH		SOLE		0	0	269,000
VANGUARD INDEX FDS	VALUE ETF	922908744	10,531	123,903	SH		SOLE		14,105	0	109,798
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	49	372	SH		SOLE		0	0	372
VANGUARD INDEX FDS	MID CAP ETF	922908629	46	369	SH		SOLE		0	0	369
GLOBAL X FDS	GLBX MSCI COLUM	37950E200	968	106,000	SH		SOLE		0	0	106,000
VANGUARD INDEX FDS	REIT ETF	922908553	591	6,665	SH		SOLE		0	0	6,665
INTUITIVE SURGICAL INC	COM NEW	46120E602	1,031	1,559	SH		SOLE		0	0	1,559
LEGGETT & PLATT INC	COM	524660107	259	5,071	SH		SOLE		0	0	5,071
VANGUARD INDEX FDS	SMALL CP ETF	922908751	9	79	SH		SOLE		0	0	79
VANGUARD INDEX FDS	GROWTH ETF	922908736	3,000	27,983	SH		SOLE		4,000	0	23,983
BLACKROCK MUNIYIELD ARIZ FD	COM	09254K109	36	2,000	SH		SOLE		0	0	2,000
EATON VANCE TAX ADVT DIV INC	COM	27828G107	23	1,141	SH		SOLE		0	0	1,141
HALCON RES CORP	COM PAR	40537Q506	2	3,383	SH		SOLE		0	0	3,383
REPUBLIC SVCS INC	COM	760759100	1,353	26,366	SH		SOLE		0	0	26,366
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
BLACKROCK CORPOR HI YLD FD I	COM	09255P107	228	21,878	SH		OTR	1	21,878	0	0
BLACKROCK CORPOR HI YLD FD I	COM	09255P107	3,049	292,082	SH		SOLE		78,416	0	213,666
BARD C R INC	COM	067383109	383	1,630	SH		SOLE		0	0	1,630
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	491	32,641	SH		SOLE		0	0	32,641
PVH CORP	COM	693656100	1,059	11,237	SH		SOLE		0	0	11,237
WESTERN ASSET EMRG MKT DEBT	COM	95766A101	444	28,860	SH		SOLE		0	0	28,860
UNITED CONTL HLDGS INC	COM	910047109	41	1,005	SH		SOLE		0	0	1,005
THERMO FISHER SCIENTIFIC INC	COM	883556102	527	3,565	SH		SOLE		0	0	3,565
FIDELITY NATL INFORMATION SV	COM	31620M106	74	1,000	SH		SOLE		0	0	1,000
ISHARES TR	EAFE VALUE ETF	464288877	28,949	674,169	SH		SOLE		16,000	0	658,169
ISHARES TR	EAFE GRWTH ETF	464288885	601	9,185	SH		SOLE		0	0	9,185
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	4,873	317,481	SH		OTR	1	317,481	0	0
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	29,634	1,930,551	SH		SOLE		0	0	1,930,551
RYDEX ETF TRUST	GUGGENHM S&P 500	78355W205	2,121	14,368	SH		SOLE		0	0	14,368
VANGUARD WORLD FDS	INF TECH ETF	92204A702	2,656	24,800	SH		OTR	1	24,800	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	28,779	268,738	SH		SOLE		0	0	268,738
SPDR INDEX SHS FDS	STOXX EUR 50 ETF	78463X103	1,959	65,607	SH		SOLE		0	0	65,607
RYDEX ETF TRUST	GUG S&P SC600 PV	78355W700	738	12,955	SH		OTR	1	12,955	0	0
RYDEX ETF TRUST	GUG S&P SC600 PV	78355W700	3,903	68,528	SH		SOLE		0	0	68,528
SPDR SER TR	NUVN BR SHT MUNI	78468R739	14,442	294,249	SH		SOLE		130,533	0	163,716
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	4,905	177,000	SH		SOLE		0	0	177,000
BARCLAYS BK PLC	DJUBS CMDT ETN36	06738C778	2,366	95,679	SH		SOLE		0	0	95,679
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	6,896	147,800	SH		OTR	1	147,800	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	73,819	1,582,069	SH		SOLE		0	0	1,582,069
CDN IMPERIAL BK COMM TORONTO	COM	136069101	235	3,136	SH		SOLE		0	0	3,136
ISHARES TR	U.S. INSRNCE ETF	464288786	4,937	97,500	SH		SOLE		0	0	97,500
WISDOMTREE TR	EUROPE SMCP DV	97717W869	4,746	93,000	SH		SOLE		0	0	93,000
ISHARES TR	U.S. MED DVC ETF	464288810	5,219	38,500	SH		SOLE		0	0	38,500
PROSHARES TR	PSHS SHORT DOW30	74347R701	30	1,401	SH		SOLE		0	0	1,401
APTARGROUP INC	COM	038336103	20	250	SH		SOLE		0	0	250
WISDOMTREE TR	INTL EQUITY FD	97717W703	7,194	160,769	SH		SOLE		0	0	160,769
WISDOMTREE TR	GLB US QTLY DIV	97717W844	413	8,752	SH		SOLE		0	0	8,752
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	473	12,200	SH		OTR	1	12,200	0	0
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	14,283	368,314	SH		SOLE		0	0	368,314
WISDOMTREE TR	MIDCAP DIVI FD	97717W505	4,743	52,994	SH		SOLE		0	0	52,994
WISDOMTREE TR	SMALLCAP DIVID	97717W604	1,517	21,164	SH		SOLE		0	0	21,164
FIDELITY COMWLTH TR	NDQ CP IDX TRK	315912808	59	311	SH		SOLE		0	0	311
ISHARES TR	CORE S&P TTL STK	464287150	1,432	15,029	SH		SOLE		0	0	15,029
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	613	6,398	SH		SOLE		0	0	6,398
CLAYMORE EXCHANGE TRD FD TR	GUG MULTI ASSET	18383M506	412	21,762	SH		SOLE		0	0	21,762
POWERSHARES ETF TRUST	GBL LSTD PVT EQT	73935X195	1,955	194,167	SH		SOLE		0	0	194,167
POWERSHARES ETF TRUST	INTL DIV ACHV	73935X716	4,344	308,542	SH		OTR	1	308,542	0	0
VANGUARD INDEX FDS	MCAP GR IDXVIP	922908538	133	1,310	SH		SOLE		0	0	1,310
EATON VANCE TAX MNGD GBL DV	COM	27829F108	4,183	488,656	SH		SOLE		0	0	488,656
FIRST TR EXCHANGE TRADED FD	CAP STRENGTH ETF	33733E104	2,218	55,797	SH		SOLE		0	0	55,797
PROSHARES TR	SHORT S&P 500 NE	74347B425	656	16,555	SH		SOLE		0	0	16,555
PROSHARES TR	SHRT RUSSELL2000	74348A210	420	7,117	SH		SOLE		0	0	7,117
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	8,477	197,830	SH		OTR	1	197,830	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	25,509	595,318	SH		SOLE		0	0	595,318
HSBC HLDGS PLC	ADR A 1/40PF A	404280604	3	115	SH		SOLE		0	0	115
FIRST TR EXCHANGE TRADED FD	NY ARCA BIOTECH	33733E203	4	45	SH		SOLE		0	0	45
RYDEX ETF TRUST	GUG S&P500 PU VA	78355W304	255	5,000	SH		OTR	1	5,000	0	0
RYDEX ETF TRUST	GUG S&P500 PU VA	78355W304	21,741	426,381	SH		SOLE		0	0	426,381
ISHARES TR	SHRT TRS BD ETF	464288679	0	2	SH		SOLE		0	0	2
ISHARES TR	IBOXX HI YD ETF	464288513	16,078	189,818	SH		SOLE		101,080	0	88,738
ISHARES TR	CORE US CR BD	464288620	3,947	34,823	SH		SOLE		33,450	0	1,373
ISHARES TR	1-3 YR CR BD ETF	464288646	42,359	399,271	SH		SOLE		0	0	399,271
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	22,364	275,896	SH		SOLE		0	0	275,896
MORGAN STANLEY CHINA A SH FD	COM	617468103	596	33,366	SH		OTR	1	33,366	0	0
MORGAN STANLEY CHINA A SH FD	COM	617468103	3,155	176,656	SH		SOLE		0	0	176,656
VANGUARD BD INDEX FD INC	INTERMED TERM	921937819	733	8,326	SH		SOLE		0	0	8,326
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	19,415	230,303	SH		SOLE		92,385	0	137,918
CLAYMORE EXCHANGE TRD FD TR	GUGG S&P SPINOFF	18383M605	2,919	74,000	SH		SOLE		0	0	74,000
SPDR INDEX SHS FDS	MSCI ACWI EXUS	78463X848	2,869	94,205	SH		SOLE		0	0	94,205
SPDR INDEX SHS FDS	ASIA PACIF ETF	78463X301	21,928	293,000	SH		SOLE		0	0	293,000
ISHARES TR	U.S. PFD STK ETF	464288687	3,019	75,680	SH		SOLE		46,775	0	28,905
RYDEX ETF TRUST	GUG S&P500EQWTTE	78355W817	717	7,640	SH		SOLE		0	0	7,640
BANK NEW YORK MELLON CORP	COM	064058100	1,184	30,467	SH		SOLE		0	0	30,467
ISHARES TR	INTL SEL DIV ETF	464288448	5,108	178,400	SH		SOLE		0	0	178,400
WISDOMTREE TR	EMER MKT HIGH FD	97717W315	7,676	216,707	SH		OTR	1	216,707	0	0
WISDOMTREE TR	EMER MKT HIGH FD	97717W315	4,970	140,329	SH		SOLE		0	0	140,329
ISHARES TR	3-7 YR TR BD ETF	464288661	5,252	41,238	SH		SOLE		41,200	0	38
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	1,303	18,232	SH		SOLE		17,000	0	1,232
ISHARES TR	NATIONAL MUN ETF	464288414	8,010	70,306	SH		SOLE		31,275	0	39,031
SPDR SER TR	NUVN BRCLY MUNI	78468R721	1,928	38,120	SH		SOLE		0	0	38,120
CLAYMORE EXCHANGE TRD FD TR	GUGG MSCI GB ETF	18383Q879	3,818	167,452	SH		SOLE		0	0	167,452
POWERSHARES ETF TR II	SOVEREIGN DEBT	73936T573	2,705	91,458	SH		OTR	1	91,458	0	0
POWERSHARES ETF TR II	SOVEREIGN DEBT	73936T573	54,822	1,853,360	SH		SOLE		112,561	0	1,740,799
ISHARES TR	JP MOR EM MK ETF	464288281	2,442	21,203	SH		OTR	1	21,203	0	0
ISHARES TR	JP MOR EM MK ETF	464288281	13,098	113,748	SH		SOLE		50,350	0	63,398
WISDOMTREE CONTINUOUS COMMOD	SHS BEN INT	97718W108	409	20,000	SH		OTR	1	20,000	0	0
SPDR SERIES TRUST	BRCLYS 1-3MT ETF	78464A680	0	7	SH		SOLE		0	0	7
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	2,186	88,000	SH		SOLE		88,000	0	0
SPDR SERIES TRUST	NUVN CALI MUNI	78464A441	431	16,996	SH		SOLE		0	0	16,996
ISHARES	MSCI CH CAP ETF	464286640	975	26,500	SH		SOLE		0	0	26,500
ISHARES TR	INTL DEV RE ETF	464288489	3,293	112,921	SH		SOLE		0	0	112,921
ISHARES TR	INTERM CR BD ETF	464288638	10,130	91,046	SH		SOLE		90,380	0	666
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	3,983	111,601	SH		SOLE		0	0	111,601
B & G FOODS INC NEW	COM	05508R106	321	6,650	SH		SOLE		0	0	6,650
FIRST TR EXCHANGE TRADED FD	FINLS ALPHADEX	33734X135	8,393	363,000	SH		SOLE		0	0	363,000
FIRST TR LRGE CP CORE ALPHA	COM SHS	33734K109	5	100	SH		SOLE		0	0	100
POWERSHARES GLOBAL ETF FD	S&P 500 BUYWRT	73936G308	17	836	SH		SOLE		0	0	836
VANGUARD WORLD FD	MEGA GRWTH IND	921910816	3	33	SH		SOLE		0	0	33
VANGUARD WORLD FD	MEGA CAP VAL ETF	921910840	1,668	27,095	SH		SOLE		0	0	27,095
POWERSHARES ETF TR II	EMER MRKT PORT	73936T763	1,471	90,500	SH		OTR	1	90,500	0	0
POWERSHARES ETF TR II	EMER MRKT PORT	73936T763	8,171	502,800	SH		SOLE		0	0	502,800
VISA INC	COM CL A	92826C839	1,210	16,310	SH		SOLE		0	0	16,310
SPDR SERIES TRUST	CITI INT GVT ETF	78464A490	3,496	63,675	SH		SOLE		63,675	0	0
ISHARES	MSCI ISR CAP ETF	464286632	862	18,400	SH		SOLE		0	0	18,400
ISHARES TR	MSCI ACWI EX US	464288240	760	19,512	SH		SOLE		0	0	19,512
FIRST TR US IPO INDEX FD	SHS	336920103	2,425	48,000	SH		SOLE		0	0	48,000
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	176	2,460	SH		SOLE		0	0	2,460
CLAYMORE EXCHANGE TRD FD TR	GUGGENHEIM SOLAR	18383Q739	1,027	49,000	SH		SOLE		0	0	49,000
ISHARES TR	CALIF MUN BD ETF	464288356	29	240	SH		SOLE		0	0	240
POWERSHARES ETF TR II	PFD PORTFOLIO	73936T565	1,352	88,701	SH		SOLE		88,700	0	1
POWERSHARES ETF TR II	FDM HG YLD RAFI	73936T557	4,712	256,068	SH		OTR	1	256,068	0	0
POWERSHARES ETF TR II	FDM HG YLD RAFI	73936T557	27,702	1,505,525	SH		SOLE		0	0	1,505,525
RYDEX ETF TRUST	GUG S&P500EQWTEN	78355W866	245	4,378	SH		SOLE		0	0	4,378
RYDEX ETF TRUST	GUG S&P500EQWTFI	78355W858	300	7,034	SH		SOLE		0	0	7,034
ULTA SALON COSMETCS & FRAG I	COM	90384S303	607	2,490	SH		SOLE		0	0	2,490
ISHARES TR	MSCI ACWI ETF	464288257	3,430	61,000	SH		SOLE		0	0	61,000
FIDELITY	CONSMR STAPLES	316092303	22	664	SH		SOLE		0	0	664
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	4,500	77,500	SH		SOLE		0	0	77,500
WESTPORT FUEL SYSTEMS INC	COM NEW	960908309	1	433	SH		SOLE		0	0	433
INDEXIQ ETF TR	HEDGE MLTI ETF	45409B107	50	1,727	SH		SOLE		0	0	1,727
ISHARES TR	SHRT NAT MUN ETF	464288158	261	2,458	SH		SOLE		0	0	2,458
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	8,448	94,483	SH		SOLE		94,483	0	0
PROSHARES TR	PSHS LC COR PLUS	74347R248	4,752	92,925	SH		SOLE		0	0	92,925
PIMCO ETF TR	1-5 US TIP IDX	72201R205	29,044	549,660	SH		SOLE		71,372	0	478,288
VERISK ANALYTICS INC	COM	92345Y106	53	650	SH		SOLE		0	0	650
VANECK VECTORS ETF TR	JR GOLD MINERS E	92189F791	809	19,000	SH		OTR	1	19,000	0	0
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	1,057	10,452	SH		OTR	1	10,452	0	0
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	28,199	278,729	SH		SOLE		156,167	0	122,562
ISHARES	RUS TP200 GR ETF	464289438	942	17,500	SH		OTR	1	17,500	0	0
ISHARES	RUS TP200 GR ETF	464289438	17,360	322,500	SH		SOLE		0	0	322,500
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	2,046	40,682	SH		SOLE		0	0	40,682
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	473	17,434	SH		SOLE		0	0	17,434
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	0	5	SH		SOLE		0	0	5
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	4,712	58,292	SH		SOLE		57,375	0	917
INDEXIQ ETF TR	IQ MRGR ARB ETF	45409B800	40	1,399	SH		SOLE		0	0	1,399
SCHWAB STRATEGIC TR	US LCAP GR ETF	808524300	380	7,249	SH		SOLE		0	0	7,249
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	2,460	54,912	SH		SOLE		0	0	54,912
PIMCO ETF TR	INTER MUN BD ACT	72201R866	53	966	SH		SOLE		0	0	966
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	2,208	41,000	SH		SOLE		41,000	0	0
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	1,443	67,762	SH		SOLE		0	0	67,762
WISDOMTREE TR	EUROPE HEDGED EQ	97717X701	11	216	SH		SOLE		0	0	216
SPDR SERIES TRUST	BARC SHT TR CP	78464A474	2,620	85,116	SH		SOLE		0	0	85,116
ISHARES	MSCI EURO FL ETF	464289180	612	39,000	SH		OTR	1	39,000	0	0
ISHARES	MSCI EURO FL ETF	464289180	9,672	616,467	SH		SOLE		0	0	616,467
PIMCO ETF TR	SHTRM MUN BD ACT	72201R874	45	900	SH		SOLE		0	0	900
POWERSHARES ETF TRUST II	CEF INC COMPST	73936Q843	166	7,500	SH		OTR	1	7,500	0	0
POWERSHARES ETF TRUST II	CEF INC COMPST	73936Q843	6,426	289,987	SH		SOLE		0	0	289,987
ISHARES TR	IRELAND CAPD ETF	46429B507	1,797	50,000	SH		SOLE		0	0	50,000
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	4,333	85,022	SH		SOLE		0	0	85,022
ALPS ETF TR	ALERIAN MLP	00162Q866	9,490	746,077	SH		SOLE		99,500	0	646,577
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	652	11,536	SH		SOLE		0	0	11,536
UNITED STS COMMODITY INDEX F	COMM IDX FND	911717106	1,570	36,343	SH		SOLE		35,500	0	843
EGA EMERGING GLOBAL SHS TR	EGS EMKTCONS ETF	268461779	1,300	56,000	SH		OTR	1	56,000	0	0
EGA EMERGING GLOBAL SHS TR	EGS EMKTCONS ETF	268461779	13,407	577,374	SH		SOLE		0	0	577,374
SPDR INDEX SHS FDS	GLB NAT RESRCE	78463X541	3,451	93,000	SH		SOLE		0	0	93,000
ISHARES INC	MSCI RUSSIA CAP	46434G806	67	5,000	SH		OTR	1	5,000	0	0
ISHARES INC	MSCI RUSSIA CAP	46434G806	5,959	445,000	SH		SOLE		0	0	445,000
GENERAL MTRS CO	COM	37045V100	4	137	SH		SOLE		0	0	137
PROSHARES TR	RAFI LG SHT FD	74347X310	77	1,956	SH		SOLE		0	0	1,956
WISDOMTREE TR	FUTRE STRAT FD	97717W125	2,466	58,000	SH		OTR	1	58,000	0	0
WISDOMTREE TR	FUTRE STRAT FD	97717W125	13,494	317,405	SH		SOLE		0	0	317,405
ADVISORSHARES TR	RANGER EQUITY BE	00768Y883	17	1,592	SH		SOLE		0	0	1,592
VANGUARD STAR FD	VG TL INTL STK F	921909768	2,092	47,034	SH		SOLE		0	0	47,034
SPDR INDEX SHS FDS	S&P EM MKT DIV	78463X533	37,029	1,375,000	SH		SOLE		0	0	1,375,000
GLOBAL X FDS	GB MSCI AR ETF	37950E259	46	2,041	SH		SOLE		0	0	2,041
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	37,436	1,629,776	SH		SOLE		434,800	0	1,194,976
ISHARES TR	CORE HIGH DV ETF	46429B663	6,623	80,623	SH		SOLE		0	0	80,623
ISHARES TR	CHINA ETF	46429B671	12	287	SH		SOLE		0	0	287
GENERAL MTRS CO	*W EXP 07/10/201	37045V118	2	126	SH		SOLE		0	0	126
GENERAL MTRS CO	*W EXP 07/10/201	37045V126	1	126	SH		SOLE		0	0	126
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	18,824	440,015	SH		SOLE		0	0	440,015
ISHARES TR	INTL INFL-LKD BD	46429B770	49	1,133	SH		SOLE		0	0	1,133
DBX ETF TR	XTRAK MSCI EAFE	233051200	1,362	54,500	SH		OTR	1	54,500	0	0
DBX ETF TR	XTRAK MSCI EAFE	233051200	30,805	1,232,707	SH		SOLE		0	0	1,232,707
DBX ETF TR	XTRAK MSCI JAPN	233051507	4,683	152,183	SH		SOLE		0	0	152,183
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	990	10,226	SH		OTR	1	10,226	0	0
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	22,630	233,685	SH		SOLE		56,295	0	177,390
SCHWAB STRATEGIC TR	US AGGREGATE B	808524839	1,774	33,025	SH		SOLE		0	0	33,025
DUNKIN BRANDS GROUP INC	COM	265504100	909	20,834	SH		SOLE		0	0	20,834
FLEXSHARES TR	MORNSTAR UPSTR	33939L407	17	647	SH		SOLE		0	0	647
FLEXSHARES TR	IBOXX 5YR TRGT	33939L605	257	10,000	SH		OTR	1	10,000	0	0
PROSHARES TR II	SHT VIX ST TRM	74347W627	1,202	24,500	SH		SOLE		0	0	24,500
SCHWAB STRATEGIC TR	US DIVIDEND EQ	808524797	81	1,955	SH		SOLE		0	0	1,955
ISHARES TR	MIN VOL USA ETF	46429B697	2,426	52,500	SH		OTR	1	52,500	0	0
ISHARES TR	MIN VOL USA ETF	46429B697	36,802	796,400	SH		SOLE		0	0	796,400
ISHARES TR	MIN VOL EAFE ETF	46429B689	4,315	65,000	SH		OTR	1	65,000	0	0
ISHARES TR	MIN VOL EAFE ETF	46429B689	37,735	568,388	SH		SOLE		0	0	568,388
ISHARES	MIN VOL GBL ETF	464286525	13,791	180,580	SH		SOLE		0	0	180,580
ISHARES	MIN VOL EMRG MKT	464286533	1,780	34,500	SH		OTR	1	34,500	0	0
ISHARES	MIN VOL EMRG MKT	464286533	19,609	380,100	SH		SOLE		0	0	380,100
ISHARES	EM MKTS CURR ETF	464286517	2,352	52,400	SH		SOLE		52,400	0	0
ISHARES	GLB AGRIC PR ETF	464286350	138	5,959	SH		SOLE		0	0	5,959
ISHARES TR	CORE US TR BD	46429B267	310	11,821	SH		SOLE		0	0	11,821
ISHARES TR	MSCI INDIA ETF	46429B598	1,394	49,922	SH		SOLE		0	0	49,922
PIMCO ETF TR	TTL RTN ACTV ETF	72201R775	7,898	73,559	SH		OTR	1	73,559	0	0
PIMCO ETF TR	TTL RTN ACTV ETF	72201R775	45,530	424,050	SH		SOLE		59,909	0	364,141
VANTIV INC	CL A	92210H105	14	250	SH		SOLE		0	0	250
SPDR SER TR	SHT TRM HGH YLD	78468R408	12,018	445,275	SH		SOLE		252,775	0	192,500
CLAYMORE EXCHANGE TRD FD TR	GUG BULL2018 E	18383M530	1,668	78,046	SH		SOLE		0	0	78,046
ISHARES TR	BAA BA RTD ETF	46432F107	0	5	SH		SOLE		0	0	5
FIRST TR EXCHANGE TRADED FD	NASD TECH DIV	33738R118	1,953	73,500	SH		OTR	1	73,500	0	0
FIRST TR EXCHANGE TRADED FD	NASD TECH DIV	33738R118	29,064	1,093,873	SH		SOLE		0	0	1,093,873
FIRST TR EXCHANGE TRADED FD	MULTI ASSET DI	33738R100	0	2	SH		SOLE		0	0	2
INDEXIQ ETF TR	US RL EST SMCP	45409B628	8	300	SH		SOLE		0	0	300
VANECK VECTORS ETF TR	MORNINGSTAR WIDE	92189F643	8,853	272,226	SH		SOLE		0	0	272,226
ISHARES INC	CORE MSCI EMKT	46434G103	3,410	81,500	SH		OTR	1	81,500	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	9,282	221,846	SH		SOLE		0	0	221,846
ISHARES TR	CORE MSCITOTAL	46432F834	5,951	121,545	SH		SOLE		0	0	121,545
ISHARES TR	CORE MSCI EAFE	46432F842	12,287	236,794	SH		SOLE		0	0	236,794
GLOBAL X FDS	GLB X GURU INDEX	37950E341	16	741	SH		SOLE		0	0	741
ISHARES TR	CORE ST USDB ETF	46432F859	1,128	11,106	SH		SOLE		0	0	11,106
ABBVIE INC	COM	00287Y109	1,001	16,162	SH		SOLE		0	0	16,162
PIMCO DYNAMIC CR INCOME FD	COM SHS	72202D106	172	9,000	SH		OTR	1	9,000	0	0
PIMCO DYNAMIC CR INCOME FD	COM SHS	72202D106	3,392	177,301	SH		SOLE		0	0	177,301
SPDR SER TR	RUSS2000 LOVOL	78468R887	23	293	SH		SOLE		0	0	293
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	1,042	22,300	SH		OTR	1	22,300	0	0
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	10,345	221,330	SH		SOLE		42,500	0	178,830
EGA EMERGING GLOBAL SHS TR	EGSHR BYND BRC	268461639	2,168	139,772	SH		SOLE		0	0	139,772
ISHARES TR	USA MOMENTUM FCT	46432F396	3,997	52,316	SH		SOLE		0	0	52,316
WISDOMTREE TR	US QTLY DIV GRT	97717X669	1,707	54,049	SH		SOLE		0	0	54,049
VANGUARD CHARLOTTE FDS	INTL BD IDX ETF	92203J407	280	5,020	SH		OTR	1	5,020	0	0
VANGUARD CHARLOTTE FDS	INTL BD IDX ETF	92203J407	3,342	60,000	SH		SOLE		0	0	60,000
VANGUARD WHITEHALL FDS INC	EMERG MKT BD ETF	921946885	218	2,713	SH		SOLE		0	0	2,713
FLEXSHARES TR	INTL QLTDV IDX	33939L837	919	42,000	SH		OTR	1	42,000	0	0
FLEXSHARES TR	INTL QLTDV IDX	33939L837	2,108	96,325	SH		SOLE		0	0	96,325
ISHARES TR	USA VALUE FACTOR	46432F388	770	12,500	SH		OTR	1	12,500	0	0
ISHARES TR	USA VALUE FACTOR	46432F388	18,977	307,912	SH		SOLE		0	0	307,912
EXCHANGE LISTED FDS TR	HRZN S&P500 CV C	30151E103	1	16	SH		SOLE		0	0	16
SCHWAB STRATEGIC TR	SCHWB FDT INT LG	808524755	1,748	73,651	SH		SOLE		0	0	73,651
ISHARES TR	USA QUALITY FCTR	46432F339	16,597	251,477	SH		OTR	1	251,477	0	0
ISHARES TR	USA QUALITY FCTR	46432F339	118,705	1,798,559	SH		SOLE		0	0	1,798,559
FLEXSHARES TR	STOXX GLOBR INF	33939L795	564	12,500	SH		OTR	1	12,500	0	0
FLEXSHARES TR	STOXX GLOBR INF	33939L795	5,884	130,411	SH		SOLE		0	0	130,411
DBX ETF TR	DB XTR MSCI EUR	233051853	2,743	111,734	SH		SOLE		0	0	111,734
FIDELITY	MSCI ENERGY IDX	316092402	7,178	370,000	SH		SOLE		0	0	370,000
FIDELITY	MSCI INFO TECH I	316092808	2,299	71,000	SH		SOLE		0	0	71,000
FIRST TR EXCHAN TRADED FD VI	FST TR GLB FD	33739H101	14	669	SH		SOLE		0	0	669
FLEXSHARES TR	GLB QLT R/E IDX	33939L787	11	175	SH		SOLE		0	0	175
WISDOMTREE TR	BLMBG US BULL	97717W471	5	188	SH		SOLE		0	0	188
GLOBAL X FDS	GBL X MSCI NGR	37950E424	798	148,000	SH		SOLE		0	0	148,000
FIDELITY	MSCI FINLS IDX	316092501	5,310	193,023	SH		SOLE		0	0	193,023
ISHARES TR	HDG MSCI JAPAN	46434V886	50	2,133	SH		SOLE		0	0	2,133
FIRST TR EXCHANGE TRADED FD	DORSEY WRT 5 ETF	33738R605	15	650	SH		SOLE		0	0	650
ISHARES TR	HDG MSCI EAFE	46434V803	162	6,749	SH		SOLE		0	0	6,749
ALPHABET INC	CAP STK CL C	02079K107	6	8	SH		SOLE		0	0	8
CAMBRIA ETF TR	GLOBAL VALUE ETF	132061409	1,280	70,100	SH		SOLE		0	0	70,100
POWERSHARES ETF TR II	VAR RATE PFD POR	73937B597	6,630	266,999	SH		SOLE		0	0	266,999
ISHARES TR	MIN VOL EUROPE	46434V720	1,406	61,000	SH		SOLE		0	0	61,000
ISHARES TR	MIN VOL JAPN ETF	46434V712	2,063	35,000	SH		SOLE		0	0	35,000
ISHARES TR	CORE DIV GRWTH	46434V621	187	6,866	SH		SOLE		0	0	6,866
ISHARES TR	CORE MSCI EURO	46434V738	1,486	37,639	SH		SOLE		0	0	37,639
J P MORGAN EXCHANGE TRADED F	DIV RTN GLB EQ	46641Q100	6,279	123,193	SH		SOLE		0	0	123,193
FIRST TR EXCHANGE TRADED FD	DORSEY WRIGHT	33738R886	5,195	313,000	SH		SOLE		0	0	313,000
CDK GLOBAL INC	COM	12508E101	2	33	SH		SOLE		0	0	33
FIDELITY	TOTAL BD ETF	316188309	2,509	49,883	SH		OTR	1	49,883	0	0
FIDELITY	TOTAL BD ETF	316188309	12,072	240,000	SH		SOLE		0	0	240,000
POWERSHARES ACT MANG COMM FD	DB OPT YLD DIV	73937V106	17	950	SH		SOLE		0	0	950
J P MORGAN EXCHANGE TRADED F	DIV RTN INT EQ	46641Q209	44,560	900,565	SH		SOLE		0	0	900,565
ISHARES U S ETF TR	COMMOD SEL STG	46431W853	18,319	558,166	SH		SOLE		0	0	558,166
SSGA ACTIVE ETF TR	SPDR TR TACTIC	78467V848	4,346	87,056	SH		OTR	1	87,056	0	0
SSGA ACTIVE ETF TR	SPDR TR TACTIC	78467V848	56,307	1,127,944	SH		SOLE		310,414	0	817,530
VANECK VECTORS ETF TR	OIL REFINERS ETF	92189F585	7	397	SH		SOLE		0	0	397
GOLDMAN SACHS ETF TR	ACTIVEBETA EME	381430206	12,455	470,000	SH		SOLE		0	0	470,000
VANGUARD WHITEHALL FDS INC	INTL DVD ETF	921946810	112	2,000	SH		OTR	1	2,000	0	0
VANGUARD WHITEHALL FDS INC	INTL DVD ETF	921946810	503	9,000	SH		SOLE		0	0	9,000