Kovack Advisors 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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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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	COM	88579Y101	234	1,338	SH		SOLE		0	0	1,338
ABBVIE INC CALL AUG00060000	COM	00287Y109	7	19	SH	Call	SOLE		0	0	19
ABBVIE INC COM	COM	00287Y109	519	8,387	SH		SOLE		0	0	8,387
ACCENTURE PLC CALL AUG00115000	PLC SHS CLASS A	G1151C101	0	1	SH	Call	SOLE		0	0	1
ACCENTURE PLC IRELAND SHS CLASS A	PLC SHS CLASS A	G1151C101	594	5,239	SH		SOLE		0	0	5,239
ACTIVISION BLIZZARD INC COM	COM	00507V109	698	17,623	SH		SOLE		0	0	17,623
ADVANCED VIRAL RESH CORP COM	COM	007928104	0	20,000	SH		SOLE		0	0	20,000
AES CORP COM	COM	00130H105	271	21,724	SH		SOLE		0	0	21,724
AETNA INC NEW CALL JAN00145000	COM	00817Y108	1	3	SH	Call	SOLE		0	0	3
AETNA INC NEW COM	COM	00817Y108	268	2,191	SH		SOLE		0	0	2,191
AFLAC INC COM	COM	001055102	276	3,819	SH		SOLE		0	0	3,819
ALLERGAN PLC CALL AUG00230000	PLC SHS	G0177J108	3	3	SH	Call	SOLE		0	0	3
ALLERGAN PLC SHS	PLC SHS	G0177J108	555	2,400	SH		SOLE		0	0	2,400
ALPHABET INC CAP STK CL A	CL A	02079K305	923	1,312	SH		SOLE		0	0	1,312
ALPHABET INC CAP STK CL C	CL C	02079K107	497	718	SH		SOLE		0	0	718
ALPS ETF TR ALERIAN MLP	ALERIAN MLP	00162Q866	311	24,476	SH		SOLE		0	0	24,476
ALTRIA GROUP INC COM	COM	02209S103	921	13,361	SH		SOLE		0	0	13,361
AMAZON COM INC COM	COM	023135106	798	1,115	SH		SOLE		0	0	1,115
AMERICAN CAPITAL AGENCY CORP COM	COM	02503X105	252	12,730	SH		SOLE		0	0	12,730
AMERICAN EQTY INVT LIFE HLD CO COM	COM	025676206	143	10,000	SH		SOLE		0	0	10,000
AMERICAN WTR WKS CO INC NEW COM	COM	030420103	473	5,596	SH		SOLE		0	0	5,596
AMGEN INC COM	COM	031162100	571	3,755	SH		SOLE		0	0	3,755
ANNALY CAP MGMT INC COM	COM	035710409	121	10,908	SH		SOLE		0	0	10,908
APOLLO GLOBAL MGMT LLC CL A SHS	CL A SHS	037612306	332	21,890	SH		SOLE		0	0	21,890
APOLLO INVT CORP COM	COM	03761U106	67	12,051	SH		SOLE		0	0	12,051
APPLE INC CALL JAN00170000	COM	037833100	0	6	SH	Call	SOLE		0	0	6
APPLE INC COM	COM	037833100	10,193	106,625	SH		SOLE		0	0	106,625
AT&T INC PUT SEP00032000	COM	00206R102	0	2	SH	Put	SOLE		0	0	2
AT&T INC COM	COM	00206R102	2,341	54,178	SH		SOLE		0	0	54,178
BANK AMER CORP COM	COM	060505104	417	31,424	SH		SOLE		0	0	31,424
BARCLAYS BK PLC IPATH S&P MT ETN	PLC IPATH S&P MT ETN	06740C519	264	24,500	SH		SOLE		0	0	24,500
BERKSHIRE HATHAWAY INC DEL CL A	CL A	084670108	217	1	SH		SOLE		0	0	1
BERKSHIRE HATHAWAY INC DEL CL B NEW	CL B	084670702	644	4,451	SH		SOLE		0	0	4,451
BLACKROCK MUNIVEST FD II INC COM	COM	09253T101	221	12,120	SH		SOLE		0	0	12,120
BLACKSTONE GROUP L P CALL JAN00040000	COM	09253U108	0	8	SH		SOLE		0	0	8
BLACKSTONE GROUP L P COM UNIT LTD	COM	09253U108	401	16,349	SH		SOLE		0	0	16,349
BOEING CO COM	COM	097023105	802	6,173	SH		SOLE		0	0	6,173
BOSTON SCIENTIFIC CORP COM	COM	101137107	253	10,837	SH		SOLE		0	0	10,837
BP PLC SPONSORED ADR	SPONS ADR	055622104	372	10,474	SH		SOLE		0	0	10,474
BRISTOL MYERS SQUIBB CO COM	COM	110122108	357	4,857	SH		SOLE		0	0	4,857
BROCADE COMMUNICATIONS SYS INC COM NEW	COM	111621306	140	15,287	SH		SOLE		0	0	15,287
BUSINESS DEV CORP OF AMER COM	COM	12325J101	319	29,770	SH		SOLE		0	0	29,770
CAMPBELL SOUP CO COM	COM	134429109	214	3,214	SH		SOLE		0	0	3,214
CARTER VALIDUS MISSION CRITICA COM	COM	146282108	503	50,310	SH		SOLE		0	0	50,310
CATERPILLAR INC CALL JAN00082500	COM	149123101	0	2	SH	Call	SOLE		0	0	2
CATERPILLAR INC DEL COM	COM	149123101	363	4,786	SH		SOLE		0	0	4,786
CELGENE CORP CALL JAN00165000	COM	151020104	0	2	SH	Call	SOLE		0	0	2
CELGENE CORP COM	COM	151020104	467	4,737	SH		SOLE		0	0	4,737
CHEVRON CORP NEW COM	COM	166764100	1,811	17,273	SH		SOLE		0	0	17,273
CISCO SYS INC COM	COM	17275R102	376	13,109	SH		SOLE		0	0	13,109
CLAYMORE EXCHANGE TRD FD TR GUG BLT2018 HY	FD TR GUG BLT2018 HY	18383M381	516	20,787	SH		SOLE		0	0	20,787
CLAYMORE EXCHANGE TRD FD TR GUG BUL 2019 HY	FD TR GUG BUL 2019 HY	18383M373	208	8,789	SH		SOLE		0	0	8,789
CLAYMORE EXCHANGE TRD FD TR GUGG BULSH 2021	FD TR GUGG BULSH 2021	18383M266	643	29,901	SH		SOLE		0	0	29,901
COCA COLA CO COM	COM	191216100	232	5,115	SH		SOLE		0	0	5,115
CONAGRA BRANDS INC COM	COM	205887102	241	5,040	SH		SOLE		0	0	5,040
CONOCOPHILLIPS CALL JAN00041000	COM	20825C104	1	1	SH	Call	SOLE		0	0	1
CONOCOPHILLIPS COM	COM	20825C104	232	5,320	SH		SOLE		0	0	5,320
CONSOLIDATED EDISON INC COM	COM	209115104	475	5,907	SH		SOLE		0	0	5,907
COSTCO WHSL CORP NEW COM	COM	22160K105	391	2,492	SH		SOLE		0	0	2,492
CVS CAREMARK CORP CALL AUG00105000	COM	126650100	2	10	SH	Call	SOLE		0	0	10
CVS CAREMARK CORP PUT AUG00095000	COM	126650100	2	7	SH	Put	SOLE		0	0	7
CVS HEALTH CORP COM	COM	126650100	658	6,874	SH		SOLE		0	0	6,874
DANAHER CORP DEL COM	COM	235851102	291	2,879	SH		SOLE		0	0	2,879
DIEBOLD NXDF INC COM	COM	253651103	1,133	45,636	SH		SOLE		0	0	45,636
DIREXION SHS ETF TR DAILY JR GOLD 3X	TR DAILY JR GOLD 3X	25490K554	2,542	12,766	SH		SOLE		0	0	12,766
DIREXION SHS ETF TR DL FTSE BLL 3X	TR DL FTSE BLL 3X	25459W771	159	11,050	SH		SOLE		0	0	11,050
DIREXION SHS ETF TR DLY EMG MK BL 3X	TR DLY EMG MK BL 3X	25490K281	275	5,330	SH		SOLE		0	0	5,330
DIREXION SHS ETF TR DLY GOLD BULL 3X	TR DLY GOLD BULL 3X	25490K570	1,767	14,012	SH		SOLE		0	0	14,012
DISNEY WALT CO COM DISNEY	COM	254687106	1,350	13,799	SH		SOLE		0	0	13,799
DISNEY WALT COMPANY CALL JAN00140000	COM	254687106	0	6	SH	Call	SOLE		0	0	6
DU PONT E I DE NEMOURS & CO COM	COM	263534109	481	7,427	SH		SOLE		0	0	7,427
DYNEX CAP INC COM NEW	COM	26817Q506	138	19,925	SH		SOLE		0	0	19,925
EATON CORP PLC CALL JAN00067500	PLC SHS	G29183103	0	11	SH	Call	SOLE		0	0	11
EATON CORP PLC SHS	PLC SHS	G29183103	222	3,713	SH		SOLE		0	0	3,713
EATON VANCE LTD DUR INCOME FD COM	COM	27828H105	153	11,419	SH		SOLE		0	0	11,419
ELECTRONIC ARTS INC COM	COM	285512109	220	2,900	SH		SOLE		0	0	2,900
ENSCO PLC SHS CLASS A	CL A	G3157S106	100	10,255	SH		SOLE	��	0	0	10,255
ENTERPRISE PRODS PARTNERS L P COM	COM	293792107	201	6,884	SH		SOLE		0	0	6,884
ETF SER SOLUTIONS VIDENT CORE US	VIDENT CORE US	26922A602	2,318	45,239	SH		SOLE		0	0	45,239
ETF SER SOLUTIONS VIDENT INTL EQ	VIDENT INTL EQ	26922A404	2,733	133,128	SH		SOLE		0	0	133,128
ETF SER SOLUTIONS VIDENTCORE EQ FD	VIDENTCORE EQ FD	26922A503	1,517	60,329	SH		SOLE		0	0	60,329
EXPRESS SCRIPTS HLDG CO COM	COM	30219G108	222	2,928	SH		SOLE		0	0	2,928
EXXON MOBIL CORP CALL AUG00090000	COM	30231G102	11	25	SH	Call	SOLE		0	0	25
EXXON MOBIL CORP PUT AUG00087500	COM	30231G102	2	24	SH	Put	SOLE		0	0	24
EXXON MOBIL CORP COM	COM	30231G102	1,345	14,345	SH		SOLE		0	0	14,345
FACEBOOK INC CALL JAN00110000	CL A	30303M102	8	16	SH	Call	SOLE		0	0	16
FACEBOOK INC CL A	CL A	30303M102	1,546	13,531	SH		SOLE		0	0	13,531
FEDEX CORP CALL JAN00190000	COM	31428X106	0	2	SH	Call	SOLE		0	0	2
FEDEX CORP COM	COM	31428X106	243	1,599	SH		SOLE		0	0	1,599
FERRARI N V COM	COM	N3167Y103	246	6,015	SH		SOLE		0	0	6,015
FIDELITY COMWLTH TR NDQ CP IDX TRK	NDQ CP IDX TRK	315912808	3,240	17,034	SH		SOLE		0	0	17,034
FIDELITY SECS FD REAL EST INCOM	REAL EST INCOM	316389865	526	43,937	SH		SOLE		0	0	43,937
FIRST TR EXCH TRD ALPHA FD II UNIT KING ALPH	ALPHA FD II UNIT KING ALPH	33737J224	397	11,949	SH		SOLE		0	0	11,949
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX	DJ INTERNT IDX	33733E302	232	3,212	SH		SOLE		0	0	3,212
FIRST TR EXCHANGE TRADED FD II CLOUD COMPUTING	II CLOUD COMPUTING	33734X192	247	8,229	SH		SOLE		0	0	8,229
FIRST TR EXCHANGE TRADED FD II CONSUMR DISCRE	II CONSUMR DISCRE	33734X101	519	15,394	SH		SOLE		0	0	15,394
FIRST TR EXCHANGE TRADED FD II CONSUMR STAPLE	II CONSUMR STAPLE	33734X119	643	13,287	SH		SOLE		0	0	13,287
FIRST TR EXCHANGE TRADED FD II UTILITIES ALPH	II UTILITIES ALPH	33734X184	255	9,436	SH		SOLE		0	0	9,436
FIRST TR EXCHANGE TRADED FD IV SENIOR LN FD	IV SENIOR LN FD	33738D309	229	4,798	SH		SOLE		0	0	4,798
FIRST TR EXCHANGE TRADED FD VI DORSEY WRIGHT	VI DORSEY WRIGHT	33738R886	191	11,495	SH		SOLE		0	0	11,495
FIRST TR EXCHANGE TRADED FD VI DORSEY WRT 5 ETF	VI DORSEY WRT 5 ETF	33738R605	1,020	45,600	SH		SOLE		0	0	45,600
FIRST TR EXCHANGE TRADED FD VI MULTI ASSET DI	VI MULTI ASSET DI	33738R100	248	12,848	SH		SOLE		0	0	12,848
FIRST TR LRG CP GRWTH ALPHADEX COM SHS	LRG CP GRWTH ALPHADEX COM SHS	33735K108	214	4,288	SH		SOLE		0	0	4,288
FIRST TR MORNINGSTAR DIV LEADR SHS	MORNINGSTAR DIV LEADR SHS	336917109	241	8,979	SH		SOLE		0	0	8,979
FIRST TR VALUE LINE DIVID INDX SHS	VALUE LINE DIVID INDX SHS	33734H106	1,218	45,169	SH		SOLE		0	0	45,169
FORD MOTOR CO CALL DEC00013000	COM	345370860	1	11	SH		SOLE		0	0	11
FORD MTR CO DEL COM PAR $0.01	COM	345370860	609	48,459	SH		SOLE		0	0	48,459
FOREST LABS INC COM	COM	345838106	250	2,522	SH		SOLE		0	0	2,522
FS INVT CORP II COM	COM	35952V105	0	11,514	SH		SOLE		0	0	11,514
GENERAL DYNAMICS CORP COM	COM	369550108	234	1,677	SH		SOLE		0	0	1,677
GENERAL ELECTRIC CO CALL SEP00030000	COM	369604103	0	1	SH	Call	SOLE		0	0	1
GENERAL ELECTRIC CO COM	COM	369604103	1,961	62,303	SH		SOLE		0	0	62,303
GILEAD SCIENCES INC CALL AUG00100000	COM	375558103	0	4	SH	Call	SOLE		0	0	4
GILEAD SCIENCES INC PUT JUL00090000	COM	375558103	4	6	SH	Put	SOLE		0	0	6
GILEAD SCIENCES INC COM	COM	375558103	655	7,847	SH		SOLE		0	0	7,847
GLAXOSMITHKLINE PLC SPONSORED ADR	PLC SPONS ADR	37733W105	979	22,589	SH		SOLE		0	0	22,589
GOLDEN PHOENIX MINERALS INC COM	COM	381149103	0	26,000	SH		SOLE		0	0	26,000
GREENGRO TECHNOLOGIES INC COM	COM	39526G107	1	11,000	SH		SOLE		0	0	11,000
GUESS INC CALL SEP00022000	COM	401617105	0	5	SH	Call	SOLE		0	0	5
GUESS INC COM	COM	401617105	229	15,246	SH		SOLE		0	0	15,246
HASBRO INC COM	COM	418056107	331	3,937	SH		SOLE		0	0	3,937
HCP INC COM	COM	40414L109	736	20,796	SH		SOLE		0	0	20,796
HEWLETT PACKARD ENTERPRISE CO COM	COM	42824C109	202	11,055	SH		SOLE		0	0	11,055
HOME BANCSHARES INC COM	COM	436893200	242	12,224	SH		SOLE		0	0	12,224
HOME DEPOT INC COM	COM	437076102	578	4,529	SH		SOLE		0	0	4,529
HONEYWELL INTL INC COM	COM	438516106	296	2,548	SH		SOLE		0	0	2,548
HORIZON TECHNOLOGY FIN CORP COM	COM	44045A102	129	10,582	SH		SOLE		0	0	10,582
HP INC COM	COM	40434L105	161	12,810	SH		SOLE		0	0	12,810
HUMANA INC COM	COM	444859102	348	1,936	SH		SOLE		0	0	1,936
INTEL CORP COM	COM	458140100	271	8,269	SH		SOLE		0	0	8,269
INTERNATIONAL BUS MACH CALL OCT00150000	COM	459200101	6	8	SH	Call	SOLE		0	0	8
INTERNATIONAL BUSINESS MACHS COM	COM	459200101	763	5,029	SH		SOLE		0	0	5,029
INTUIT COM	COM	461202103	272	2,435	SH		SOLE		0	0	2,435
INVESCO MUN OPPORTUNITY TR COM	COM	46132C107	358	24,048	SH		SOLE		0	0	24,048
INVESCO SR INCOME TR COM	COM	46131H107	70	16,854	SH		SOLE		0	0	16,854
ISHARES GOLD TRUST ISHARES	ISHARES	464285105	1,087	85,149	SH		SOLE		0	0	85,149
ISHARES INC MIN VOL GBL ETF	MIN VOL GBL ETF	464286525	879	11,507	SH		SOLE		0	0	11,507
ISHARES SILVER TRUST ISHARES	SILVER TRUST ISHARES	46428Q109	320	17,933	SH		SOLE		0	0	17,933
ISHARES TR 20 YR TR BD ETF	20 YR TR BD ETF	464287432	312	2,246	SH		SOLE		0	0	2,246
ISHARES TR CONSER ALLOC ETF	CONSER ALLOC ETF	464289883	210	6,400	SH		SOLE		0	0	6,400
ISHARES TR CORE S&P TTL STK	CORE S&P TTL STK	464287150	660	6,927	SH		SOLE		0	0	6,927
ISHARES TR CORE S&P500 ETF	CORE S&P500 ETF	464287200	949	4,507	SH		SOLE		0	0	4,507
ISHARES TR CORE US AGGBD ET	CORE US AGGBD ET	464287226	4,465	39,647	SH		SOLE		0	0	39,647
ISHARES TR EAFE GRWTH ETF	EAFE GRWTH ETF	464288885	780	11,922	SH		SOLE		0	0	11,922
ISHARES TR GLOB HLTHCRE ETF	GLOB HLTHCRE ETF	464287325	476	4,713	SH		SOLE		0	0	4,713
ISHARES TR IBOXX HI YD ETF	IBOXX HI YD ETF	464288513	384	4,535	SH		SOLE		0	0	4,535
ISHARES TR INTRM TR CRP ETF	INTRM TR CRP ETF	464288638	612	5,505	SH		SOLE		0	0	5,505
ISHARES TR MRNGSTR LG-CP GR	MRNGSTR LG-CP GR	464287119	1,353	11,553	SH		SOLE		0	0	11,553
ISHARES TR MSCI EAFE ETF	MSCI EAFE ETF	464287465	361	6,462	SH		SOLE		0	0	6,462
ISHARES TR NASDAQ BIOTECH	NASDAQ BIOTECH	464287556	301	1,170	SH		SOLE		0	0	1,170
ISHARES TR RUS 2000 GRW ETF	RUS 2000 GRW ETF	464287648	233	1,697	SH		SOLE		0	0	1,697
ISHARES TR RUSSELL 3000 ETF	RUSSELL 3000 ETF	464287689	294	2,367	SH		SOLE		0	0	2,367
ISHARES TR S&P US PFD STK	S&P US PFD STK	464288687	331	8,294	SH		SOLE		0	0	8,294
ISHARES TR SELECT DIVID ETF	SELECT DIVID ETF	464287168	744	8,729	SH		SOLE		0	0	8,729
ISHARES TR SH TR CRPORT ETF	SH TR CRPORT ETF	464288646	2,738	25,810	SH		SOLE		0	0	25,810
ISHARES TR U.S. FINLS ETF	U.S. FINLS ETF	464287788	1,602	18,645	SH		SOLE		0	0	18,645
JOHNSON & JOHNSON COM	COM	478160104	1,648	13,586	SH		SOLE		0	0	13,586
JPMORGAN CHASE & CO CALL JAN00090000	COM	46625H100	0	1	SH	Call	SOLE		0	0	1
JPMORGAN CHASE & CO PUT AUG00043000	COM	46625H100	0	6	SH	Put	SOLE		0	0	6
JPMORGAN CHASE & CO COM	COM	46625H100	517	8,315	SH		SOLE		0	0	8,315
KIMBERLY CLARK CORP COM	COM	494368103	251	1,823	SH		SOLE		0	0	1,823
KRAFT HEINZ CO COM	COM	500754106	305	3,444	SH		SOLE		0	0	3,444
KRAIG BIOCRAFT LABORATORIES IN COM	COM	50075W104	0	23,500	SH		SOLE		0	0	23,500
KROGER CO COM	COM	501044101	215	5,834	SH		SOLE		0	0	5,834
LIGHTSTONE VALUE PLUS REIT II COM	COM	53227H108	206	20,575	SH		SOLE		0	0	20,575
LOOMIS SAYLES FDS II STRAT INC FD Y	II STRAT INC FD Y	543487250	158	11,012	SH		SOLE		0	0	11,012
MANNING & NAPIER INC CL A	CL A	56382Q102	375	39,488	SH		SOLE		0	0	39,488
MCDONALDS CORP COM	COM	580135101	461	3,827	SH		SOLE		0	0	3,827
MCEWEN MNG INC CALL MAY00003000	COM	58039P107	1	100	SH	Call	SOLE		0	0	100
MCEWEN MNG INC COM	COM	58039P107	1,243	322,834	SH		SOLE		0	0	322,834
MEDLEY CAP CORP COM	COM	58503F106	77	11,470	SH		SOLE		0	0	11,470
MERCK & CO INC COM	COM	58933Y105	319	5,534	SH		SOLE		0	0	5,534
MICROSOFT CORP CALL OCT00055000	COM	594918104	0	4	SH	Call	SOLE		0	0	4
MICROSOFT CORP COM	COM	594918104	1,078	21,063	SH		SOLE		0	0	21,063
NETFLIX INC COM	COM	64110L106	930	10,167	SH		SOLE		0	0	10,167
NEXTERA ENERGY INC COM	COM	65339F101	224	1,721	SH		SOLE		0	0	1,721
NIKE INC CL B	CL B	654106103	300	5,434	SH		SOLE		0	0	5,434
NORTHROP GRUMMAN CORP COM	COM	666807102	222	1,000	SH		SOLE		0	0	1,000
NUVEEN PFD & INCM SECURTIES FD COM	COM	67072C105	367	39,700	SH		SOLE		0	0	39,700
O REILLY AUTOMOTIVE INC NEW COM	COM	67103H107	438	1,617	SH		SOLE		0	0	1,617
OLD REP INTL CORP COM	COM	680223104	317	16,442	SH		SOLE		0	0	16,442
OMEGA HEALTHCARE INVS INC COM	COM	681936100	814	23,978	SH		SOLE		0	0	23,978
ORACLE CORP CALL DEC00040000	COM	68389X105	3	13	SH	Call	SOLE		0	0	13
ORACLE CORP COM	COM	68389X105	323	7,896	SH		SOLE		0	0	7,896
PALO ALTO NETWORKS INC COM	COM	697435105	263	2,141	SH		SOLE		0	0	2,141
PARKERVISION INC COM NEW	COM	701354300	34	10,850	SH		SOLE		0	0	10,850
PATTERSON COMPANIES INC COM	COM	703395103	503	10,496	SH		SOLE		0	0	10,496
PEPSICO INC COM	COM	713448108	393	3,713	SH		SOLE		0	0	3,713
PFIZER INC PUT AUG00027000	COM	717081103	0	3	SH	Put	SOLE		0	0	3
PFIZER INC COM	COM	717081103	317	9,010	SH		SOLE		0	0	9,010
PHILIP MORRIS INTL INC COM	COM	718172109	308	3,027	SH		SOLE		0	0	3,027
PIMCO ETF TR 0-5 HIGH YIELD	TR 0-5 HIGH YIELD	72201R783	1,213	12,526	SH		SOLE		0	0	12,526
PIMCO ETF TR ENHAN SHRT MA AC	TR ENHAN SHRT MA AC	72201R833	218	2,152	SH		SOLE		0	0	2,152
PIMCO FDS STRTGIC BD INSTL	FDS STRTGIC BD INSTL	72201P746	252	25,366	SH		SOLE		0	0	25,366
PIMCO INCOME STRATEGY FUND II COM	COM	72201J104	279	30,292	SH		SOLE		0	0	30,292
PIMCO STRATEGIC INCOME FD INC COM	COM	72200X104	178	18,552	SH		SOLE		0	0	18,552
POWERSHARES ETF TR II PFD PORTFOLIO	II PFD PORTFOLIO	73936T565	788	51,701	SH		SOLE		0	0	51,701
POWERSHARES ETF TR II PWRSHS SP500 LOW	II PWRSHS SP500 LOW	73937B654	10,911	285,265	SH		SOLE		0	0	285,265
POWERSHARES ETF TR II S&P500 LOW VOL	II S&P500 LOW VOL	73937B779	1,755	41,033	SH		SOLE		0	0	41,033
POWERSHARES ETF TRUST DWA MOMENTUM PTF	DWA MOMENTUM PTF	73935X153	363	8,625	SH		SOLE		0	0	8,625
POWERSHARES ETF TRUST DYN FD & BEV	DYN FD & BEV	73935X849	202	5,957	SH		SOLE		0	0	5,957
POWERSHARES ETF TRUST S&P 500 QLTY PRT	S&P 500 QLTY PRT	73935X682	530	21,330	SH		SOLE		0	0	21,330
POWERSHARES QQQ TRUST UNIT SER 1	TRUST UNIT SER 1	73935A104	788	7,323	SH		SOLE		0	0	7,323
PROCTER & GAMBLE CO CALL JAN00092500	COM	742718109	0	1	SH		SOLE		0	0	1
PROCTER AND GAMBLE CO COM	COM	742718109	2,331	27,526	SH		SOLE		0	0	27,526
PROSHARES TR II ULT BLMBG CD OIL	II ULT BLMBG CD OIL	74347W320	436	35,675	SH		SOLE		0	0	35,675
PROSHARES TR PSHS ULT S&P 500	PSHS ULT S&P 500	74347R107	495	7,470	SH		SOLE		0	0	7,470
PROSHARES TR PSHS ULTRUSS2000	PSHS ULTRUSS2000	74347R842	417	5,175	SH		SOLE		0	0	5,175
PROSHARES TR RUSS 2000 DIVD	RUSS 2000 DIVD	74347B698	379	8,062	SH		SOLE		0	0	8,062
PROSPECT CAPITAL CORPORATION COM	COM	74348T102	349	44,674	SH		SOLE		0	0	44,674
QUALCOMM INC COM	COM	747525103	323	6,035	SH		SOLE		0	0	6,035
RAVEN INDS INC COM	COM	754212108	208	11,005	SH		SOLE		0	0	11,005
RENASANT CORP COM	COM	75970E107	291	8,988	SH		SOLE		0	0	8,988
REYNOLDS AMERICAN INC COM	COM	761713106	571	10,585	SH		SOLE		0	0	10,585
ROSS STORES INC COM	COM	778296103	246	4,335	SH		SOLE		0	0	4,335
ROYAL DUTCH SHELL PLC SPONS ADR A	SPONS ADR	780259206	877	15,891	SH		SOLE		0	0	15,891
RYDEX ETF TRUST GUG S&P MC400 PG	GUG S&P MC400 PG	78355W601	266	2,184	SH		SOLE		0	0	2,184
RYDEX ETF TRUST GUG S&P SC600 PV	GUG S&P SC600 PV	78355W700	303	5,328	SH		SOLE		0	0	5,328
RYDEX ETF TRUST GUG S&P500 EQ WT	GUG S&P500 EQ WT	78355W106	3,305	41,132	SH		SOLE		0	0	41,132
RYDEX ETF TRUST GUG S&P500 EWCON	GUG S&P500 EWCON	78355W874	6,968	54,014	SH		SOLE		0	0	54,014
RYDEX ETF TRUST GUG S&P500 PU GR	GUG S&P500 PU GR	78355W403	600	7,413	SH		SOLE		0	0	7,413
RYDEX ETF TRUST GUG S&P500 PU VA	GUG S&P500 PU VA	78355W304	336	6,586	SH		SOLE		0	0	6,586
SALESFORCE COM INC COM	COM	79466L302	296	3,724	SH		SOLE		0	0	3,724
SCHWAB STRATEGIC TR US REIT ETF	US REIT ETF	808524847	298	6,863	SH		SOLE		0	0	6,863
SECTOR SPDR-UTILITIES CALL JAN00041000	SBI INT-UTILS	81369Y886	0	1	SH	Call	SOLE		0	0	1
SELECT SECTOR SPDR TR SBI INT-UTILS	SBI INT-UTILS	81369Y886	584	11,140	SH		SOLE		0	0	11,140
SELECT SECTOR SPDR TR SBI CONS STPLS	SBI CONS STPLS	81369Y308	439	7,958	SH		SOLE		0	0	7,958
SELECT SECTOR SPDR TR SBI HEALTHCARE	SBI HEALTHCARE	81369Y209	1,379	19,233	SH		SOLE		0	0	19,233
SELECT SECTOR SPDR TR SBI INT-FINL	SBI INT-FINL	81369Y605	291	12,717	SH		SOLE		0	0	12,717
SELECT SECTOR SPDR TR TECHNOLOGY	TECHNOLOGY	81369Y803	357	8,231	SH		SOLE		0	0	8,231
SHERWIN WILLIAMS CO COM	COM	824348106	635	2,163	SH		SOLE		0	0	2,163
SKYWORKS SOLUTIONS INC COM	COM	83088M102	328	5,177	SH		SOLE		0	0	5,177
SOUTHERN CO COM	COM	842587107	810	15,098	SH		SOLE		0	0	15,098
SPDR DOW JONES INDL AVRG ETF UT SER 1	UT SER 1	78467X109	502	2,807	SH		SOLE		0	0	2,807
SPDR GOLD TRUST GOLD SHS	GOLD SHS	78463V107	355	2,807	SH		SOLE		0	0	2,807
SPDR S&P 500 ETF TR TR UNIT	TR UNIT	78462F103	9,071	43,302	SH		SOLE		0	0	43,302
SPDR SERIES TRUST BLOOMBERG BRCLYS	BLOOMBERG BRCLYS	78464A417	265	7,414	SH		SOLE		0	0	7,414
SPDR SERIES TRUST S&P DIVID ETF	S&P DIVID ETF	78464A763	674	8,027	SH		SOLE		0	0	8,027
SSGA ACTIVE ETF TR BLKSTN GSOSRLN	BLKSTN GSOSRLN	78467V608	786	16,824	SH		SOLE		0	0	16,824
STARBUCKS CORP CALL JAN00070000	COM	855244109	0	1	SH	Call	SOLE		0	0	1
STARBUCKS CORP COM	COM	855244109	1,202	21,046	SH		SOLE		0	0	21,046
STARWOOD PPTY TR INC COM	COM	85571B105	282	13,626	SH		SOLE		0	0	13,626
STEMCELLS INC COM	COM	85857R303	5	11,265	SH		SOLE		0	0	11,265
TANZANIAN ROYALTY EXPL CORP COM	COM	87600U104	24	35,000	SH		SOLE		0	0	35,000
TARGET CORP COM	COM	87612E106	355	5,080	SH		SOLE		0	0	5,080
TEMPLETON INST FDS INC FGN SMALLER CO	COM	880210877	571	28,711	SH		SOLE		0	0	28,711
TESORO CORP COM	COM	881609101	222	2,969	SH		SOLE		0	0	2,969
THERMO FISHER SCIENTIFIC INC COM	COM	883556102	231	1,561	SH		SOLE		0	0	1,561
TIME WARNER INC CALL JUL00070000	COM	887317303	2	5	SH	Call	SOLE		0	0	5
TIME WARNER INC PUT JUL00067500	COM	887317303	0	10	SH	Put	SOLE		0	0	10
TIME WARNER INC COM NEW	COM	887317303	297	4,039	SH		SOLE		0	0	4,039
TITAN INTL INC ILL COM	COM	88830M102	65	10,498	SH		SOLE		0	0	10,498
TJX COS INC NEW COM	COM	872540109	211	2,738	SH		SOLE		0	0	2,738
TRACTOR SUPPLY CO COM	COM	892356106	274	3,000	SH		SOLE		0	0	3,000
TRUST PROFESSIONAL MANAGERS SCHOONER INSTL	PROFESSIONAL MANAGERS SCHOONER INSTL	89834E344	744	15,918	SH		SOLE		0	0	15,918
TWITTER INC COM	COM	90184L102	205	12,141	SH		SOLE		0	0	12,141
UNITED DEV FDG IV COM	COM	910187103	102	31,987	SH		SOLE		0	0	31,987
UNITED HEALTH PRODS INC COM	COM	91059D100	1	10,049	SH		SOLE		0	0	10,049
UNITEDHEALTH GROUP INC COM	COM	91324P102	228	1,615	SH		SOLE		0	0	1,615
VALLEY NATL BANCORP COM	COM	919794107	141	15,515	SH		SOLE		0	0	15,515
VANECK VECTORS ETF TR AMT FREE LONG MU	TR AMT FREE LONG MU	92189F536	281	13,316	SH		SOLE		0	0	13,316
VANGUARD BD INDEX FD INC INTERMED TERM	INC INTERMED TERM	921937819	334	3,788	SH		SOLE		0	0	3,788
VANGUARD BD INDEX FD INC SHORT TRM BOND	INC SHORT TRM BOND	921937827	1,345	16,597	SH		SOLE		0	0	16,597
VANGUARD BD INDEX FD INC TOTAL BND MRKT	INC TOTAL BND MRKT	921937835	320	3,795	SH		SOLE		0	0	3,795
VANGUARD GROUP DIV APP ETF	DIV APP ETF	921908844	2,676	32,148	SH		SOLE		0	0	32,148
VANGUARD INDEX FDS GROWTH ETF	INDEX FDS GROWTH ETF	922908736	1,538	14,347	SH		SOLE		0	0	14,347
VANGUARD INDEX FDS MCAP VL IDXVIP	INDEX FDS MCAP VL IDXVIP	922908512	245	2,748	SH		SOLE		0	0	2,748
VANGUARD INDEX FDS MID CAP ETF	INDEX FDS MID CAP ETF	922908629	650	5,254	SH		SOLE		0	0	5,254
VANGUARD INDEX FDS SM CP VAL ETF	INDEX FDS SM CP VAL ETF	922908611	210	1,992	SH		SOLE		0	0	1,992
VANGUARD INDEX FDS SMALL CP ETF	INDEX FDS SMALL CP ETF	922908751	701	6,062	SH		SOLE		0	0	6,062
VANGUARD INDEX FDS SML CP GRW ETF	INDEX FDS SML CP GRW ETF	922908595	306	2,466	SH		SOLE		0	0	2,466
VANGUARD INDEX FDS TOTAL STK MKT	INDEX FDS TOTAL STK MKT	922908769	1,955	18,245	SH		SOLE		0	0	18,245
VANGUARD INDEX FDS VALUE ETF	INDEX FDS VALUE ETF	922908744	290	3,413	SH		SOLE		0	0	3,413
VANGUARD INTL EQUITY INDEX FD TT WRLD ST ETF	INTL EQUITY INDEX FD TT WRLD ST ETF	922042742	229	3,939	SH		SOLE		0	0	3,939
VANGUARD SCOTTSDALE FDS LG-TERM COR BD	SCOTTSDALE FDS LG-TERM COR BD	92206C813	406	4,294	SH		SOLE		0	0	4,294
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD	SCOTTSDALE FDS SHRT TRM CORP BD	92206C409	4,632	57,297	SH		SOLE		0	0	57,297
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF	INTL FD FTSE DEV MKT ETF	921943858	318	9,005	SH		SOLE		0	0	9,005
VANGUARD WORLD FDS ENERGY ETF	FDS ENERGY ETF	92204A306	452	4,748	SH		SOLE		0	0	4,748
VERIZON COMMUNICATIONS INC COM	COM	92343V104	1,776	31,812	SH		SOLE		0	0	31,812
VISA INC CALL DEC00077500	COM	92826C839	0	1	SH	Call	SOLE		0	0	1
VISA INC COM CL A	COM	92826C839	958	12,920	SH		SOLE		0	0	12,920
WADDELL & REED FINL INC CL A	CL A	930059100	452	26,247	SH		SOLE		0	0	26,247
WALGREENS BOOTS ALLIANCE INC COM	COM	931427108	508	6,105	SH		SOLE		0	0	6,105
WALMART INC COM	COM	931142103	2,234	30,591	SH		SOLE		0	0	30,591
WELLS FARGO CO NEW COM	COM	949746101	501	10,585	SH		SOLE		0	0	10,585
WESTPAC BKG CORP SPONSORED ADR	ADR	961214301	471	21,338	SH		SOLE		0	0	21,338
WISDOMTREE TR EUROPE HEDGED EQ	TR EUROPE HEDGED EQ	97717X701	258	5,102	SH		SOLE		0	0	5,102
WISDOMTREE TR US LARGECAP DIVD	TR US LARGECAP DIVD	97717W307	865	11,424	SH		SOLE		0	0	11,424
WISDOMTREE TR US MIDCAP DIVID	TR US MIDCAP DIVID	97717W505	492	5,492	SH		SOLE		0	0	5,492
WISDOMTREE TR US QTLY DIV GRT	TR US QTLY DIV GRT	97717X669	886	28,053	SH		SOLE		0	0	28,053
WOODWARD INC COM	COM	980745103	346	6,000	SH		SOLE		0	0	6,000
YUM BRANDS INC COM	COM	988498101	255	3,070	SH		SOLE		0	0	3,070