Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 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
3M CO	COM	88579Y101	555	3,685	SH		SOLE		0	0	3,685
AMAZON COM INC	COM	023135106	468	693	SH		SOLE		0	0	693
AMGEN INC	COM	031162100	498	3,067	SH		SOLE		0	0	3,067
APPLE INC	COM	037833100	1,362	12,942	SH		SOLE		0	0	12,942
BANK AMER CORP	COM	060505104	510	30,279	SH		SOLE		0	0	30,279
BARCLAYS BK PLC	IPSPGS TTL ETN	06738C794	6,289	483,415	SH		SOLE		0	0	483,415
BOEING CO	COM	097023105	225	1,559	SH		SOLE		0	0	1,559
CHEVRON CORP NEW	COM	166764100	976	10,848	SH		SOLE		0	0	10,848
CLAYMORE EXCHANGE TRD FD TR	GUGG BULSH 2021	18383M266	1,422	69,331	SH		SOLE		0	0	69,331
CLAYMORE EXCHANGE TRD FD TR	GUG BUL 2020 HY	18383M365	763	33,902	SH		SOLE		0	0	33,902
CLAYMORE EXCHANGE TRD FD TR	GUG BUL 2019 HY	18383M373	783	34,440	SH		SOLE		0	0	34,440
CLAYMORE EXCHANGE TRD FD TR	GUG BLT2018 HY	18383M381	838	35,422	SH		SOLE		0	0	35,422
CLAYMORE EXCHANGE TRD FD TR	GUG BLT2017 HY	18383M399	889	35,631	SH		SOLE		0	0	35,631
CLAYMORE EXCHANGE TRD FD TR	GUG BLT2016 HY	18383M415	931	35,987	SH		SOLE		0	0	35,987
CLAYMORE EXCHANGE TRD FD TR	GUG BULL2020 E	18383M514	1,631	78,094	SH		SOLE		0	0	78,094
CLAYMORE EXCHANGE TRD FD TR	GUG BULL2019 E	18383M522	1,814	86,949	SH		SOLE		0	0	86,949
CLAYMORE EXCHANGE TRD FD TR	GUG BULL2018 E	18383M530	1,873	89,107	SH		SOLE		0	0	89,107
CLAYMORE EXCHANGE TRD FD TR	GUGG CRP BD 2017	18383M548	2,034	90,333	SH		SOLE		0	0	90,333
CLAYMORE EXCHANGE TRD FD TR	GUGG CRP BD 2016	18383M555	2,041	92,436	SH		SOLE		0	0	92,436
COCA COLA CO	COM	191216100	285	6,640	SH		SOLE		0	0	6,640
CONOCOPHILLIPS	COM	20825C104	216	4,629	SH		SOLE		0	0	4,629
COSTCO WHSL CORP NEW	COM	22160K105	381	2,357	SH		SOLE		0	0	2,357
DANAHER CORP DEL	COM	235851102	246	2,646	SH		SOLE		0	0	2,646
DISNEY WALT CO	COM DISNEY	254687106	377	3,585	SH		SOLE		0	0	3,585
EXXON MOBIL CORP	COM	30231G102	656	8,420	SH		SOLE		0	0	8,420
FACEBOOK INC	CL A	30303M102	264	2,522	SH		SOLE		0	0	2,522
FIRST TR EXCH TRD ALPHA FD I	EMERG MKT ALPH	33737J182	1,586	88,257	SH		SOLE		0	0	88,257
FIRST TR EXCHANGE TRADED FD	SENIOR LN FD	33738D309	252	5,387	SH		SOLE		0	0	5,387
GENERAL ELECTRIC CO	COM	369604103	847	27,189	SH		SOLE		0	0	27,189
GILEAD SCIENCES INC	COM	375558103	386	3,811	SH		SOLE		0	0	3,811
INTEL CORP	COM	458140100	1,257	36,487	SH		SOLE		0	0	36,487
INTERNATIONAL BUSINESS MACHS	COM	459200101	252	1,835	SH		SOLE		0	0	1,835
ISHARES	MSCI FRNTR100ETF	464286145	2,129	85,543	SH		SOLE		0	0	85,543
ISHARES INC	CORE MSCI EMKT	46434G103	14,923	378,857	SH		SOLE		0	0	378,857
ISHARES SILVER TRUST	ISHARES	46428Q109	183	13,865	SH		SOLE		0	0	13,865
ISHARES TR	TIPS BD ETF	464287176	5,338	48,669	SH		SOLE		0	0	48,669
ISHARES TR	CORE S&P500 ETF	464287200	633	3,092	SH		SOLE		0	0	3,092
ISHARES TR	CORE US AGGBD ET	464287226	1,510	13,979	SH		SOLE		0	0	13,979
ISHARES TR	IBOXX INV CP ETF	464287242	436	3,823	SH		SOLE		0	0	3,823
ISHARES TR	1-3 YR TR BD ETF	464287457	27,893	330,643	SH		SOLE		0	0	330,643
ISHARES TR	MSCI EAFE ETF	464287465	1,162	19,791	SH		SOLE		0	0	19,791
ISHARES TR	CORE S&P SCP ETF	464287804	282	2,557	SH		SOLE		0	0	2,557
ISHARES TR	SHT NTLAMTFR ETF	464288158	1,775	16,750	SH		SOLE		0	0	16,750
ISHARES TR	EAFE SML CP ETF	464288273	1,376	27,552	SH		SOLE		0	0	27,552
ISHARES TR	JP MOR EM MK ETF	464288281	3,822	36,130	SH		SOLE		0	0	36,130
ISHARES TR	NAT AMT FREE BD	464288414	3,793	34,258	SH		SOLE		0	0	34,258
ISHARES TR	INTL DEVPPTY ETF	464288422	694	19,758	SH		SOLE		0	0	19,758
ISHARES TR	1-3 YR CR BD ETF	464288646	1,506	14,402	SH		SOLE		0	0	14,402
ISHARES TR	3-7 YR TR BD ETF	464288661	683	5,571	SH		SOLE		0	0	5,571
ISHARES TR	MICRO-CAP ETF	464288869	1,661	23,039	SH		SOLE		0	0	23,039
ISHARES TR	CORE MSCI EAFE	46432F842	1,723	31,690	SH		SOLE		0	0	31,690
JOHNSON & JOHNSON	COM	478160104	275	2,677	SH		SOLE		0	0	2,677
MARKET VECTORS ETF TR	MKTVEC INTMUETF	57060U845	1,382	57,655	SH		SOLE		0	0	57,655
MARKET VECTORS ETF TR	HG YLD MUN ETF	57060U878	1,268	41,046	SH		SOLE		0	0	41,046
MERCK & CO INC NEW	COM	58933Y105	228	4,312	SH		SOLE		0	0	4,312
MICROSOFT CORP	COM	594918104	2,267	40,869	SH		SOLE		0	0	40,869
NIKE INC	CL B	654106103	353	5,649	SH		SOLE		0	0	5,649
OPKO HEALTH INC	COM	68375N103	201	20,000	SH		SOLE		0	0	20,000
PEPSICO INC	COM	713448108	200	2,005	SH		SOLE		0	0	2,005
PFIZER INC	COM	717081103	204	6,318	SH		SOLE		0	0	6,318
PIMCO ETF TR	1-3YR USTREIDX	72201R106	671	13,247	SH		SOLE		0	0	13,247
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	1,459	15,925	SH		SOLE		0	0	15,925
POWERSHARES GLOBAL ETF TRUST	WK VRDO TX FR	73936T433	346	13,901	SH		SOLE		0	0	13,901
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	287	2,565	SH		SOLE		0	0	2,565
PROCTER & GAMBLE CO	COM	742718109	808	10,177	SH		SOLE		0	0	10,177
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	34,294	706,081	SH		SOLE		0	0	706,081
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	1,495	76,609	SH		SOLE		0	0	76,609
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	1,365	49,515	SH		SOLE		0	0	49,515
SCHWAB STRATEGIC TR	US AGGREGATE B	808524839	4,401	85,450	SH		SOLE		0	0	85,450
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	2,559	48,171	SH		SOLE		0	0	48,171
SCHWAB STRATEGIC TR	INTL SCEQT ETF	808524888	223	7,719	SH		SOLE		0	0	7,719
SOUTHWEST AIRLS CO	COM	844741108	278	6,460	SH		SOLE		0	0	6,460
SPDR INDEX SHS FDS	DJ GLB RL ES ETF	78463X749	665	14,220	SH		SOLE		0	0	14,220
SPDR INDEX SHS FDS	S&P EMKTSC ETF	78463X756	633	16,773	SH		SOLE		0	0	16,773
SPDR INDEX SHS FDS	S&P INTL ETF	78463X772	489	14,645	SH		SOLE		0	0	14,645
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,160	5,688	SH		SOLE		0	0	5,688
SPDR SER TR	SHT TRM HGH YLD	78468R408	15,066	586,443	SH		SOLE		0	0	586,443
SPDR SERIES TRUST	NUV HGHYLD MUN	78464A284	5,068	88,829	SH		SOLE		0	0	88,829
SPDR SERIES TRUST	INTR TRM CORP BD	78464A375	816	24,411	SH		SOLE		0	0	24,411
SPDR SERIES TRUST	BRCLY EM LOCL	78464A391	420	17,097	SH		SOLE		0	0	17,097
SPDR SERIES TRUST	NUVN BR SHT MUNI	78464A425	1,840	75,543	SH		SOLE		0	0	75,543
SPDR SERIES TRUST	BARC SHT TR CP	78464A474	1,339	44,059	SH		SOLE		0	0	44,059
SPDR SERIES TRUST	DJ REIT ETF	78464A607	1,348	14,714	SH		SOLE		0	0	14,714
SPDR SERIES TRUST	S&P DIVID ETF	78464A763	239	3,245	SH		SOLE		0	0	3,245
STARBUCKS CORP	COM	855244109	548	9,136	SH		SOLE		0	0	9,136
TWITTER INC	COM	90184L102	470	20,304	SH		SOLE		0	0	20,304
US BANCORP DEL	COM NEW	902973304	414	9,707	SH		SOLE		0	0	9,707
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	1,130	14,196	SH		SOLE		0	0	14,196
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	336	4,166	SH		SOLE		0	0	4,166
VANGUARD INDEX FDS	REIT ETF	922908553	18,507	232,116	SH		SOLE		0	0	232,116
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	10,104	108,069	SH		SOLE		0	0	108,069
VANGUARD INDEX FDS	VALUE ETF	922908744	817	10,021	SH		SOLE		0	0	10,021
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	4,127	39,568	SH		SOLE		0	0	39,568
VANGUARD INTL EQUITY INDEX F	GLB EX US ETF	922042676	1,486	29,081	SH		SOLE		0	0	29,081
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	1,269	22,031	SH		SOLE		0	0	22,031
VANGUARD MALVERN FDS	STRM INFPROIDX	922020805	33,516	693,197	SH		SOLE		0	0	693,197
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	81,387	1,030,343	SH		SOLE		0	0	1,030,343
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	50,706	602,999	SH		SOLE		0	0	602,999
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	580	7,458	SH		SOLE		0	0	7,458
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	15,472	421,344	SH		SOLE		0	0	421,344
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	1,007	15,088	SH		SOLE		0	0	15,088
WISDOMTREE TR	EMER MKT HIGH FD	97717W315	251	7,923	SH		SOLE		0	0	7,923
WISDOMTREE TR	SMALLCAP DIVID	97717W604	458	7,060	SH		SOLE		0	0	7,060
WISDOMTREE TR	INTL SMCAP DIV	97717W760	357	6,149	SH		SOLE		0	0	6,149