Safeguard Financial 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
Vanguard Index Funds	Value ETF	922908744	13,486	91,256	SH		SOLE		91,256	0	0
Vanguard Index Funds	Growth ETF	922908736	8,753	30,433	SH		SOLE		30,433	0	0
Vanguard Index Funds	FTSE Developed Markets ETF	921943858	5,470	113,883	SH		SOLE		113,883	0	0
Schwab Strategic TR	US Large Cap Value ETF	808524409	3,552	49,753	SH		SOLE		49,753	0	0
Schwab Strategic TR	Mid Cap ETF	808524508	3,100	40,867	SH		SOLE		40,867	0	0
Schwab Strategic TR	US Large Cap Growth ETF	808524300	2,730	36,488	SH		SOLE		36,488	0	0
Schwab Strategic TR	US Small Cap ETF	808524607	2,550	53,847	SH		SOLE		53,847	0	0
ProShares	VIX Mid-Term Futures ETF	74347W338	1,938	61,537	SH		SOLE		61,537	0	0
Vanguard Index Funds	Mid Cap ETF	922908629	1,727	7,259	SH		SOLE		7,259	0	0
Vanguard Index Funds	Real Estate ETF IV	922908553	1,636	15,094	SH		SOLE		15,094	0	0
Schwab Strategic TR	SPDR PORTFOLIO S&P 500 ETF	78464A854	1,590	29,931	SH		SOLE		29,931	0	0
iShares	1-3 Year Treasury Bond ETF	464287457	1,364	16,365	SH		SOLE		16,365	0	0
iShares	Core MSCI EAFE ETF	46432F842	1,334	19,189	SH		SOLE		19,189	0	0
Vanguard Index Funds	Total Stock Market ETF	922908769	1,273	5,592	SH		SOLE		5,592	0	0
Vanguard Index Funds	Dividend Appreciation ETF	921908844	1,057	6,520	SH		SOLE		6,520	0	0
Schwab Strategic TR	SPDR INDEX SHARES EMERG MARKT ETF	78463X509	968	25,060	SH		SOLE		25,060	0	0
Schwab Strategic TR	US Large Cap ETF	808524201	928	17,233	SH		SOLE		17,233	0	0
Vanguard Index Funds	Small Cap ETF	922908751	916	4,311	SH		SOLE		4,311	0	0
iShares	Core S&P 500 ETF	464287200	887	1,954	SH		SOLE		1,954	0	0
Schwab Strategic TR	SPDR S&P 500 VALUE ETF	78464A508	796	19,060	SH		SOLE		19,060	0	0
DISCOVERY INC	CLASS C	25470F302	771	30,894	SH		SOLE		30,894	0	0
Schwab Strategic TR	SPDR S&P 500 GROWTH ETF	78464A409	764	11,542	SH		SOLE		11,542	0	0
Schwab Strategic TR	International Equity ETF	808524805	736	20,037	SH		SOLE		20,037	0	0
APPLE INC	COM	037833100	646	3,699	SH		SOLE		3,699	0	0
BERKSHIRE HATHAWAY	Class B	084670702	589	1,670	SH		SOLE		1,670	0	0
Vanguard Index Funds	Total Bond Market ETF	921937835	532	6,683	SH		SOLE		6,683	0	0
Vanguard Index Funds	Russell 1000 Growth ETF	92206C680	492	6,901	SH		SOLE		6,901	0	0
Vanguard Index Funds	Mid Cap Value ETF	922908512	438	2,925	SH		SOLE		2,925	0	0
PROCTER & GAMBLE	COM	742718109	422	2,762	SH		SOLE		2,762	0	0
Vanguard Index Funds	Mid Cap Growth ETF IV	922908538	422	1,892	SH		SOLE		1,892	0	0
Vanguard Index Funds	S&P 500 ETF	922908363	404	972	SH		SOLE		972	0	0
iShares	Cores S&P Mid Cap ETF	464287507	396	1,474	SH		SOLE		1,474	0	0
Vanguard Index Funds	Total International Stock ETF	921909768	381	6,378	SH		SOLE		6,378	0	0
Schwab Strategic TR	Technology Select Sector SPDR ETF	81369Y803	374	2,353	SH		SOLE		2,353	0	0
Schwab Strategic TR	SPDR S&P 500 ETF	78462F103	313	692	SH		SOLE		692	0	0
Vanguard Index Funds	Small Cap Value ETF	922908611	287	1,633	SH		SOLE		1,633	0	0
Schwab Strategic TR	SELECT STR FINANCIAL SELECT S ETF IV	81369Y605	275	7,184	SH		SOLE		7,184	0	0
GUGGENHEIM	STRATEGIC OPP CEM	40167F101	268	14,088	SH		SOLE		14,088	0	0
Vanguard Index Funds	Total International Bond ETF	92203J407	257	4,898	SH		SOLE		4,898	0	0
Vanguard Index Funds	Small Cap Growth ETF	922908595	251	1,011	SH		SOLE		1,011	0	0
Vanguard Index Funds	Information Technology ETF	92204A702	250	601	SH		SOLE		601	0	0
iShares	Core Dividend ETF	46434V621	239	4,482	SH		SOLE		4,482	0	0
JPMORGAN CHASE & CO	COM	46625H100	237	1,737	SH		SOLE		1,737	0	0
Schwab Strategic TR	SPDR FUND MATERIALS SELECT SECTR ETF	81369Y100	234	2,651	SH		SOLE		2,651	0	0
Vanguard Index Funds	High Dividend Yield ETF	921946406	222	1,982	SH		SOLE		1,982	0	0
WALMART INC	COM	931142103	214	1,436	SH		SOLE		1,436	0	0
ALLETE INC	COM	018522300	210	3,138	SH		SOLE		3,138	0	0
iShares	Core S&P US Growth ETF	464287671	206	1,953	SH		SOLE		1,953	0	0