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 |
WISDOMTREE TRUST LRGECP VALUE | COM | 97717W547 | 112,254 | 1,797,810 | SH | | SOLE | | 1,778,809 | 0 | 19,001 |
ISHARES INC MSCI SWITZERLD | ETF - EQUITY | 464286749 | 4,375 | 147,579 | SH | | SOLE | | 146,117 | 0 | 1,462 |
ISHARES INC MSCI CDA INDEX | COM | 464286509 | 206 | 8,394 | SH | | SOLE | | 8,394 | 0 | 0 |
SPDR SERIES TRUST SPDR KBW CAP | COM | 78464A771 | 30,557 | 845,072 | SH | | SOLE | | 836,574 | 0 | 8,498 |
WISDOMTREE TR EUROPE HEDGED | COM | 97717X701 | 173,795 | 3,439,448 | SH | | SOLE | | 3,411,281 | 0 | 28,167 |
ISHARES INC MSCI EMU INDEX | ETF - EQUITY | 464286608 | 647 | 20,411 | SH | | SOLE | | 20,411 | 0 | 0 |
POWERSHARES ETF TR II EURO CUR | COM | 73937B514 | 92,835 | 3,938,686 | SH | | SOLE | | 3,892,641 | 0 | 46,045 |
DBX ETF TR EAFE CURR HDG | COM | 233051200 | 7,464 | 298,695 | SH | | SOLE | | 296,209 | 0 | 2,486 |
UBS AG JERSEY BRH ALERIAN INFR | COM | 902641646 | 133,384 | 4,718,106 | SH | | SOLE | | 4,668,048 | 0 | 50,058 |
WISDOMTREE TRUST JP SMALLCP DI | COM | 97717W836 | 23,744 | 426,520 | SH | | SOLE | | 423,957 | 0 | 2,563 |
ISHARES TR CONS GOODS IDX | COM | 464287812 | 34,657 | 300,457 | SH | | SOLE | | 298,138 | 0 | 2,319 |
ISHARES TR DJ HOME CONSTN | COM | 464288752 | 45,165 | 1,633,462 | SH | | SOLE | | 1,616,416 | 0 | 17,046 |
FIRST TR EXCHANGE TRADED FD UT | ETF - EQUITY | 33734X184 | 62,589 | 2,315,561 | SH | | SOLE | | 2,289,679 | 0 | 25,882 |
GLOBAL X FDS FTSE NORDIC RE | COM | 37950E101 | 6,460 | 314,677 | SH | | SOLE | | 312,474 | 0 | 2,203 |
PIMCO ETF TR 25YR+ ZERO U S | COM | 72201R882 | 160,554 | 1,184,815 | SH | | SOLE | | 1,172,062 | 0 | 12,753 |
PEPSICO INC | COM | 713448108 | 18,174 | 171,558 | SH | | SOLE | | 169,588 | 0 | 1,970 |
SPDR SERIES TRUST HLTH CARE SV | COM | 78464A573 | 78,725 | 1,374,403 | SH | | SOLE | | 1,360,167 | 0 | 14,236 |
ISHARES TR LEHMAN 10-20YR | COM | 464288653 | 188,670 | 1,286,971 | SH | | SOLE | | 1,273,056 | 0 | 13,915 |
ISHARES TR MSCI GRW IDX | COM | 464288885 | 158,596 | 2,424,275 | SH | | SOLE | | 2,402,266 | 0 | 22,009 |
PAYCHEX INC COM | COM | 704326107 | 20,140 | 338,484 | SH | | SOLE | | 334,582 | 0 | 3,902 |
ISHARES TR S&P 500 INDEX | COM | 464287200 | 16,102 | 76,499 | SH | | SOLE | | 75,992 | 0 | 507 |
ALPS ETF TR RIVERFRNT STR INC | ETF - FIXED INCO | 00162Q783 | 195,309 | 7,853,242 | SH | | SOLE | | 7,761,866 | 0 | 91,376 |
CATERPILLAR INC COM | COM | 149123101 | 18,693 | 246,581 | SH | | SOLE | | 243,724 | 0 | 2,857 |
ISHARES TR MSCI EAFE IDX | COM | 464287465 | 5,596 | 100,273 | SH | | SOLE | | 99,284 | 0 | 989 |
ISHARES TR DJ HEALTH CARE | COM | 464288828 | 24,863 | 195,202 | SH | | SOLE | | 193,036 | 0 | 2,166 |
ISHARES INC MSCI AUSTRALIA | COM | 464286103 | 59,404 | 3,054,262 | SH | | SOLE | | 3,025,033 | 0 | 29,229 |
SPDR SERIES TRUST S&P TRANSN E | COM | 78464A532 | 21,691 | 497,500 | SH | | SOLE | | 491,699 | 0 | 5,801 |
A T & T INC (NEW) | COM | 00206R102 | 24,284 | 562,013 | SH | | SOLE | | 555,515 | 0 | 6,498 |
POWERSHARES ETF TR II KBW RG B | COM | 73937B712 | 43,772 | 1,088,073 | SH | | SOLE | | 1,076,840 | 0 | 11,233 |
SELECT SECTOR SPDR TR SBI CONS | COM | 81369Y308 | 103,214 | 1,871,531 | SH | | SOLE | | 1,849,592 | 0 | 21,939 |
POWERSHARES ETF TRUST AERSPC D | COM | 73935X690 | 37,972 | 1,014,218 | SH | | SOLE | | 1,003,617 | 0 | 10,601 |
VANGUARD SCOTTSDALE FDS INT-TE | COM | 92206C870 | 367,041 | 4,105,142 | SH | | SOLE | | 4,052,554 | 0 | 52,588 |
POWERSHARES ETF TR II PWRSH S& | COM | 73937B654 | 33,543 | 876,937 | SH | | SOLE | | 873,125 | 0 | 3,812 |
POWERSHARES ETF TR II EX RTE S | COM | 73937B563 | 75,052 | 2,731,154 | SH | | SOLE | | 2,701,451 | 0 | 29,703 |
FLEXSHARES TR QUALT DIVD IDX | COM | 33939L860 | 183,391 | 5,005,210 | SH | | SOLE | | 4,944,639 | 0 | 60,571 |
SPDR SER TR CAP S/T HI YLD | COM | 78468R408 | 208,684 | 7,731,888 | SH | | SOLE | | 7,643,555 | 0 | 88,333 |
ISHARES INC MSCI JAPAN | COM | 464286848 | 12,876 | 1,119,732 | SH | | SOLE | | 1,112,749 | 0 | 6,983 |
CLAYMORE EXCHANGE TRD FD TR GU | COM | 18383M266 | 2,900 | 134,763 | SH | | SOLE | | 134,763 | 0 | 0 |
WISDOMTREE TRUST LARGECAP DIVI | ETF - EQUITY | 97717W307 | 91,802 | 1,211,751 | SH | | SOLE | | 1,198,625 | 0 | 13,126 |
CLAYMORE EXCHANGE TRD FD TR 20 | COM | 18383M241 | 26,410 | 1,241,832 | SH | | SOLE | | 1,227,072 | 0 | 14,760 |
ISHARES INC CORE MSCI EMKT | COM | 46434G103 | 87,149 | 2,082,917 | SH | | SOLE | | 2,067,564 | 0 | 15,353 |
SCHWAB STRATEGIC TR US REIT ET | COM | 808524847 | 34,962 | 804,843 | SH | | SOLE | | 795,613 | 0 | 9,230 |
VANGUARD WORLD FDS INF TECH ET | COM | 92204A702 | 6,492 | 60,633 | SH | | SOLE | | 60,262 | 0 | 371 |
PIMCO ETF TR INV GRD CRP BD | COM | 72201R817 | 101,916 | 958,943 | SH | | SOLE | | 947,251 | 0 | 11,692 |
WISDOMTREE TR JAPAN HD RL ES | COM | 97717W638 | 60,618 | 2,487,425 | SH | | SOLE | | 2,463,406 | 0 | 24,019 |
VANGUARD WORLD FDS TELCOMM ETF | COM | 92204A884 | 94,893 | 964,368 | SH | | SOLE | | 953,410 | 0 | 10,958 |
SELECT SECTOR SPDR TR SBI INT- | COM | 81369Y605 | 16,998 | 743,756 | SH | | SOLE | | 736,577 | 0 | 7,179 |
VANGUARD INDEX FDS LARGE CAP E | COM | 922908637 | 4,787 | 49,940 | SH | | SOLE | | 49,360 | 0 | 580 |
SPDR SERIES TRUST MORGAN STN T | COM | 78464A102 | 171,852 | 3,269,638 | SH | | SOLE | | 3,235,146 | 0 | 34,492 |
ISHARES TR DJ INTL SEL DI | COM | 464288448 | 45,282 | 1,581,640 | SH | | SOLE | | 1,565,811 | 0 | 15,829 |
GLOBAL X FDS GLOB X NOR ETF | COM | 37950E747 | 30,649 | 2,921,743 | SH | | SOLE | | 2,892,878 | 0 | 28,865 |
PIMCO ETF TR 0-5 HIGH YIELD | COM | 72201R783 | 208,394 | 2,151,942 | SH | | SOLE | | 2,127,351 | 0 | 24,591 |