Cantor Fitzgerald Investment Adviser 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
AGILENT TECHNOLOGIES INC	COM	00846U101	464	6,573	SH		SOLE		0	0	6,573
AMAZON COM INC	COM	023135106	341	170	SH		SOLE		0	0	170
AMERICAN FIN TR INC	COM CLASS A	02607T109	232	15,197	SH		SOLE		0	0	15,197
APPLE INC	COM	037833100	575	2,545	SH		SOLE		0	0	2,545
ARCHER DANIELS MIDLAND CO	COM	039483102	296	5,883	SH		SOLE		0	0	5,883
AT&T INC	COM	00206R102	1,655	49,285	SH		SOLE		0	0	49,285
BLUEROCK RESIDENTIAL GRW REI	COM CL A	09627J102	98	10,000	SH		SOLE		0	0	10,000
CISCO SYS INC	COM	17275R102	200	4,116	SH		SOLE		0	0	4,116
COSTCO WHSL CORP NEW	COM	22160K105	439	1,869	SH		SOLE		0	0	1,869
EDISON INTL	COM	281020107	213	3,146	SH		SOLE		0	0	3,146
ETFS TR	BBG COMMD K 1	26923J503	46,403	1,939,913	SH		SOLE		0	0	1,939,913
FACEBOOK INC	CL A	30303M102	261	1,584	SH		SOLE		0	0	1,584
FIDELITY	MSCI FINLS IDX	316092501	22,706	563,010	SH		SOLE		0	0	563,010
FIRST COMWLTH FINL CORP PA	COM	319829107	952	58,981	SH		SOLE		0	0	58,981
HOME DEPOT INC	COM	437076102	255	1,230	SH		SOLE		0	0	1,230
INVESCO EXCHNG TRADED FD TR	VAR RATE PFD	46138G870	508	20,406	SH		SOLE		0	0	20,406
ISHARES INC	CORE MSCI EMKT	46434G103	5,103	98,554	SH		SOLE		0	0	98,554
ISHARES TR	CORE S&P500 ETF	464287200	26,851	91,726	SH		SOLE		0	0	91,726
ISHARES TR	CORE US AGGBD ET	464287226	51,842	491,298	SH		SOLE		0	0	491,298
ISHARES TR	MSCI EAFE ETF	464287465	2,471	36,344	SH		SOLE		0	0	36,344
ISHARES TR	CORE S&P MCP ETF	464287507	62,135	308,683	SH		SOLE		0	0	308,683
ISHARES TR	RUSSELL 2000 ETF	464287655	2,197	13,033	SH		SOLE		0	0	13,033
ISHARES TR	CORE S&P SCP ETF	464287804	39,517	452,968	SH		SOLE		0	0	452,968
ISHARES TR	IBOXX HI YD ETF	464288513	827	9,570	SH		SOLE		0	0	9,570
ISHARES TR	SH TR CRPORT ETF	464288646	393	7,584	SH		SOLE		0	0	7,584
ISHARES TR	S&P US PFD STK	464288687	228	6,151	SH		SOLE		0	0	6,151
ISHARES TR	FLTG RATE NT ETF	46429B655	122,251	2,396,136	SH		SOLE		0	0	2,396,136
ISHARES TR	CORE MSCI EAFE	46432F842	15,779	246,235	SH		SOLE		0	0	246,235
KEYSIGHT TECHNOLOGIES INC	COM	49338L103	218	3,286	SH		SOLE		0	0	3,286
MCDONALDS CORP	COM	580135101	1,523	9,103	SH		SOLE		0	0	9,103
NETAPP INC	COM	64110D104	472	5,500	SH		SOLE		0	0	5,500
NUVEEN CALIF MUN VALUE FD	COM	67062C107	143	15,250	SH		SOLE		0	0	15,250
PAYCHEX INC	COM	704326107	236	3,200	SH		SOLE		0	0	3,200
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	2,023	20,103	SH		SOLE		0	0	20,103
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	510	5,015	SH		SOLE		0	0	5,015
PRAXAIR INC	COM	74005P104	204	1,267	SH		SOLE		0	0	1,267
PROCTER AND GAMBLE CO	COM	742718109	267	3,208	SH		SOLE		0	0	3,208
QUALCOMM INC	COM	747525103	500	6,947	SH		SOLE		0	0	6,947
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	1,693	24,334	SH		SOLE		0	0	24,334
SCHWAB STRATEGIC TR	US MID-CAP ETF	808524508	1,318	22,787	SH		SOLE		0	0	22,787
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	1,049	13,770	SH		SOLE		0	0	13,770
SPDR S&P 500 ETF TR	TR UNIT	78462F103	3,638	12,515	SH		SOLE		0	0	12,515
SPDR SER TR	BLOMBERG BRC INV	78468R200	4,156	134,988	SH		SOLE		0	0	134,988
SPDR SER TR	BLOOMBERG SRT TR	78468R408	23,996	869,738	SH		SOLE		0	0	869,738
SPDR SERIES TRUST	PORTFOLIO INTRMD	78464A375	38,441	1,154,398	SH		SOLE		0	0	1,154,398
TORTOISE PIPELINE & ENERGY F	COM	89148H108	277	16,000	SH		SOLE		0	0	16,000
UNITED PARCEL SERVICE INC	CL B	911312106	1,210	10,367	SH		SOLE		0	0	10,367
VANECK VECTORS ETF TR	INVT GRADE FLTG	92189F486	1,365	53,907	SH		SOLE		0	0	53,907
VANECK VECTORS ETF TR	JP MORGAN MKTS	92189F494	25,840	1,569,863	SH		SOLE		0	0	1,569,863
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	2,299	29,209	SH		SOLE		0	0	29,209
VANGUARD GROUP	DIV APP ETF	921908844	696	6,290	SH		SOLE		0	0	6,290
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	77,153	288,908	SH		SOLE		0	0	288,908
VANGUARD INDEX FDS	MID CAP ETF	922908629	1,132	6,895	SH		SOLE		0	0	6,895
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	1,989	14,901	SH		SOLE		0	0	14,901
VANGUARD INDEX FDS	SMALL CP ETF	922908751	370	2,277	SH		SOLE		0	0	2,277
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	2,944	19,668	SH		SOLE		0	0	19,668
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	4,341	83,398	SH		SOLE		0	0	83,398
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	23,131	564,174	SH		SOLE		0	0	564,174
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	149,384	3,452,383	SH		SOLE		0	0	3,452,383
VERIZON COMMUNICATIONS INC	COM	92343V104	422	7,909	SH		SOLE		0	0	7,909
WISDOMTREE TR	EM EX ST-OWNED	97717X578	14,137	500,421	SH		SOLE		0	0	500,421