Advisory Alpha 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
JPMORGAN CHASE & CO	ALERIAN ML ETN	46625H365	7,445	142,142	SH		SOLE		0	0	142,142
SPDER SERIES TRUST	BRCLYS INTL ETF	78464A516	5,946	97,788	SH		SOLE		0	0	97,788
SPDR SERIES TRUST	SHRT INTL ETF	78464A334	54	1,475	SH		SOLE		0	0	1,475
SPDR SERIES TRUST	BRCLYS CAP CONV	78464A359	6,652	131,722	SH		SOLE		0	0	131,722
WISDOMTREE TRUST	EMERG MKTS ETF	97717W315	412	7,940	SH		SOLE		0	0	7,940
WISDOMTREE TRUST	SMALLCAP DIVID	97717W604	292	4,170	SH		SOLE		0	0	4,170
WISDOMTREE TRUST	MIDCAP DIVI FD	97717W505	285	3,491	SH		SOLE		0	0	3,491
SPDR GOLD TRUST	GOLD SHS	78463V107	1,231	9,614	SH		SOLE		0	0	9,614
ETFS PRECIOUS METALS BASKET	PHYS PM BASKET	26922W109	2,108	29,106	SH		SOLE		0	0	29,106
ISHARES TR	INTL SEL DIV ETF	464288448	517	12,967	SH		SOLE		0	0	12,967
ISHARES TR	BARCLYS 3-7 YR	464288661	186	1,530	SH		SOLE		0	0	1,530
ISHARES TR	S&P 500 INDEX	464287200	10,654	54,079	SH		SOLE		0	0	54,079
SPDER SERIES TRUST	BRCLYS YLD ETF	78464A417	13,000	311,609	SH		SOLE		0	0	311,609
ISHARES TR	IBOXX INV CPBD	464287242	6,968	58,430	SH		SOLE		0	0	58,430
ISHARES TR	BARCLYS MBS BD	464288588	8,440	77,987	SH		SOLE		0	0	77,987
POWERSHARES GLOBAL ETF TRUST	I-30 LAD TREAS	73936T524	3,829	131,318	SH		SOLE		0	0	131,318
ISHARES TR	US PFD STK IDX	464288687	4,220	105,774	SH		SOLE		0	0	105,774
POWERSHARES ETF TRUST II	INTL CORP BOND	73936Q835	4,539	148,002	SH		SOLE		0	0	148,002
SPDR INDEX SHS FDS	DJ GLD RL ES ETF	78463X749	5,773	123,743	SH		SOLE		0	0	123,743
ISHARES TR	MSCI SMALL CAP	464288273	285	5,392	SH		SOLE		0	0	5,392
SPDER SERIES TRUST	S&P DIVID ETF	78464A763	258	3,369	SH		SOLE		0	0	3,369
ISHARES TR	BARLYS 1-3 YR	464287457	6,331	74,868	SH		SOLE		0	0	74,868
SPDR SER TR	CAP S/T HI YLD	78468R408	218	7,226	SH		SOLE		0	0	7,226
ISHARES SILVER TRUST	ISHARES	46428Q109	352	17,373	SH		SOLE		0	0	17,373
PIMCO ETF TR	1-5 US TIP IDX	72201R205	87	1,632	SH		SOLE		0	0	1,632
ISHARES TR	BRCLYS TIPS BD	464287176	3,204	27,777	SH		SOLE		0	0	27,777
ISHARES TR	BARCLYS 10-20YR	464288653	147	1,137	SH		SOLE		0	0	1,137
VANGUARD INDEX FDS	SMALL CP ETF	922908751	12,303	105,045	SH		SOLE		0	0	105,045
VANGUARD SCOTTSDALE FDS	SHRT-TERM CORP	92206C409	878	10,927	SH		SOLE		0	0	10,927
VANGUARD TAX MANAGED INTL FD	MSCI EAFE ETF	921943858	8,866	208,178	SH		SOLE		0	0	208,178
VANGUARD INDEX FDS	MID CAP ETF	922908629	12,564	105,876	SH		SOLE		0	0	105,876
VANGUARD INTL EQUITY INDEX F	FTSE SMCAP ETF	922042718	9,653	86,836	SH		SOLE		0	0	86,836
VANGUARD INTL EQUITY INDEX F	MSCI EMF MKT ETF	922042858	5,463	126,662	SH		SOLE		0	0	126,662
SPDER SERIES TRUST	DB INT GVT ETF	78464A490	3,645	58,787	SH		SOLE		0	0	58,787