<SEC-DOCUMENT>0001085146-20-002470.txt : 20201013
<SEC-HEADER>0001085146-20-002470.hdr.sgml : 20201013
<ACCEPTANCE-DATETIME>20201013092425
ACCESSION NUMBER:		0001085146-20-002470
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200930
FILED AS OF DATE:		20201013
DATE AS OF CHANGE:		20201013
EFFECTIVENESS DATE:		20201013

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CANTOR FITZGERALD INVESTMENT ADVISER L.P.
		CENTRAL INDEX KEY:			0001710477
		IRS NUMBER:				273047790
		STATE OF INCORPORATION:			NY

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-18098
		FILM NUMBER:		201234934

	BUSINESS ADDRESS:	
		STREET 1:		110 EAST 59TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2128294952

	MAIL ADDRESS:	
		STREET 1:		110 EAST 59TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
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      <periodOfReport>09-30-2020</periodOfReport>
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    <signatureBlock>
      <name>Walter Karle</name>
      <title>Chief Compliance Officer</title>
      <phone>212-915-1722</phone>
      <signature>/s/ Walter Karle</signature>
      <city>New York</city>
      <stateOrCountry>NY</stateOrCountry>
      <signatureDate>10-08-2020</signatureDate>
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    <ns1:cusip>46429B655</ns1:cusip>
    <ns1:value>30966</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>612089</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>612089</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>ISHARES TR</ns1:nameOfIssuer>
    <ns1:titleOfClass>CORE MSCI INTL</ns1:titleOfClass>
    <ns1:cusip>46435G326</ns1:cusip>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>212021</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>212021</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>MCDONALDS CORP</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>580135101</ns1:cusip>
    <ns1:value>1011</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>5478</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>5478</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>MICROSOFT CORP</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>594918104</ns1:cusip>
    <ns1:value>373</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>1834</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>1834</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>NETAPP INC</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>64110D104</ns1:cusip>
    <ns1:value>200</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>4500</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>4500</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>NUSHARES ETF TR</ns1:nameOfIssuer>
    <ns1:titleOfClass>NUVEEN ESG US</ns1:titleOfClass>
    <ns1:cusip>67092P870</ns1:cusip>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>8840</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>8840</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>NUVEEN CALIF MUN VALUE FD IN</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>67062C107</ns1:cusip>
    <ns1:value>156</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>15250</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>15250</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>PAYCHEX INC</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>704326107</ns1:cusip>
    <ns1:value>242</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>3200</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>3200</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>PIMCO ETF TR</ns1:nameOfIssuer>
    <ns1:titleOfClass>0-5 HIGH YIELD</ns1:titleOfClass>
    <ns1:cusip>72201R783</ns1:cusip>
    <ns1:value>470</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>5148</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>5148</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>PROCTER AND GAMBLE CO</ns1:nameOfIssuer>
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    <ns1:cusip>742718109</ns1:cusip>
    <ns1:value>384</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>3208</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>3208</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>QUALCOMM INC</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>747525103</ns1:cusip>
    <ns1:value>591</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>6475</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>6475</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>SCHWAB STRATEGIC TR</ns1:nameOfIssuer>
    <ns1:titleOfClass>US SML CAP ETF</ns1:titleOfClass>
    <ns1:cusip>808524607</ns1:cusip>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>42797</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>42797</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>SCHWAB STRATEGIC TR</ns1:nameOfIssuer>
    <ns1:titleOfClass>US BRD MKT ETF</ns1:titleOfClass>
    <ns1:cusip>808524102</ns1:cusip>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>5940</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>5940</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>SCHWAB STRATEGIC TR</ns1:nameOfIssuer>
    <ns1:titleOfClass>US LRG CAP ETF</ns1:titleOfClass>
    <ns1:cusip>808524201</ns1:cusip>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>236857</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>236857</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>SCHWAB STRATEGIC TR</ns1:nameOfIssuer>
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    <ns1:cusip>808524508</ns1:cusip>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>97848</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>97848</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>SKYWORKS SOLUTIONS INC</ns1:nameOfIssuer>
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      <ns1:sshPrnamt>2056</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
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      <ns1:Sole>0</ns1:Sole>
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      <ns1:None>2056</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>SPDR S&amp;P 500 ETF TR</ns1:nameOfIssuer>
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    <ns1:cusip>78462F103</ns1:cusip>
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      <ns1:sshPrnamt>17285</ns1:sshPrnamt>
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      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>17285</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>SPDR SER TR</ns1:nameOfIssuer>
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    <ns1:cusip>78464A375</ns1:cusip>
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      <ns1:sshPrnamt>1052493</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
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      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>1052493</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>SPDR SER TR</ns1:nameOfIssuer>
    <ns1:titleOfClass>BLOMBERG BRC INV</ns1:titleOfClass>
    <ns1:cusip>78468R200</ns1:cusip>
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      <ns1:sshPrnamt>563859</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
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      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>563859</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>SPDR SER TR</ns1:nameOfIssuer>
    <ns1:titleOfClass>BLOOMBERG SRT TR</ns1:titleOfClass>
    <ns1:cusip>78468R408</ns1:cusip>
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      <ns1:sshPrnamt>981376</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>981376</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>UNITED PARCEL SERVICE INC</ns1:nameOfIssuer>
    <ns1:titleOfClass>CL B</ns1:titleOfClass>
    <ns1:cusip>911312106</ns1:cusip>
    <ns1:value>1153</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>10367</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>10367</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>VANECK VECTORS ETF TR</ns1:nameOfIssuer>
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      <ns1:sshPrnamt>467217</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>0</ns1:Sole>
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      <ns1:None>467217</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>VANECK VECTORS ETF TR</ns1:nameOfIssuer>
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      <ns1:sshPrnamt>649885</ns1:sshPrnamt>
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      <ns1:None>649885</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>VANGUARD BD INDEX FDS</ns1:nameOfIssuer>
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      <ns1:sshPrnamt>24169</ns1:sshPrnamt>
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      <ns1:None>24169</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>VANGUARD INDEX FDS</ns1:nameOfIssuer>
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    <ns1:cusip>922908637</ns1:cusip>
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      <ns1:sshPrnamt>20492</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
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      <ns1:Sole>0</ns1:Sole>
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      <ns1:None>20492</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>VANGUARD INDEX FDS</ns1:nameOfIssuer>
    <ns1:titleOfClass>MID CAP ETF</ns1:titleOfClass>
    <ns1:cusip>922908629</ns1:cusip>
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      <ns1:sshPrnamt>3157</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
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      <ns1:Sole>0</ns1:Sole>
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      <ns1:None>3157</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>VANGUARD INDEX FDS</ns1:nameOfIssuer>
    <ns1:titleOfClass>S&amp;P 500 ETF SHS</ns1:titleOfClass>
    <ns1:cusip>922908363</ns1:cusip>
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      <ns1:sshPrnamt>254259</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
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      <ns1:Sole>0</ns1:Sole>
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      <ns1:None>254259</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>VANGUARD INDEX FDS</ns1:nameOfIssuer>
    <ns1:titleOfClass>TOTAL STK MKT</ns1:titleOfClass>
    <ns1:cusip>922908769</ns1:cusip>
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      <ns1:sshPrnamt>23473</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
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      <ns1:Sole>0</ns1:Sole>
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      <ns1:None>23473</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>VANGUARD INTL EQUITY INDEX F</ns1:nameOfIssuer>
    <ns1:titleOfClass>FTSE EMR MKT ETF</ns1:titleOfClass>
    <ns1:cusip>922042858</ns1:cusip>
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      <ns1:sshPrnamt>550538</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
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      <ns1:Sole>0</ns1:Sole>
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  <ns1:infoTable>
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  <ns1:infoTable>
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</ns1:informationTable>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>