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
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hours per response: 23.8
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
ISHARES DJ SELECT DIVIDEND ETF ETF 464287168 457 6,237 SH   SOLE   0 0 6,237
ISHARES S&P 500 INDEX ETF ETF 464287200 12,853 68,318 SH   SOLE   0 0 68,318
ISHARES MSCI EMERGING MARKETS ETF ETF 464287234 1,056 25,750 SH   SOLE   0 0 25,750
ISHARES MSCI EAFE ETF ETF 464287465 6,938 103,246 SH   SOLE   0 0 103,246
ISHARES TR RUSSELL 1000 INDEX ETF ETF 464287622 8,667 82,726 SH   SOLE   0 0 82,726
ISHARES RUSSELL 2000 ETF ETF 464287655 17,840 153,342 SH   SOLE   0 0 153,342
ISHARES TR FTSE EPRA/NAREIT GLOBAL REAL ESTATE EX-US ETF 464288489 3,572 118,877 SH   SOLE   0 0 118,877
SCHWAB US MID-CAP ETF ETF 808524508 1,739 45,048 SH   SOLE   0 0 45,048
SCHWAB ETFS- US SMALL-CAP ETF ETF 808524607 767 14,314 SH   SOLE   0 0 14,314
SCHWAB EMERGING MARKET EQ ETF ETF 808524706 579 23,780 SH   SOLE   0 0 23,780
SCHWAB INTERNATIONAL EQUITY ETF ETF 808524805 3,168 100,569 SH   SOLE   0 0 100,569
VANGUARD DIVIDEND APPRECIATION ETF ETF 921908844 2,395 31,839 SH   SOLE   0 0 31,839
VANGUARD FTSE DEVELOPED MARKETS ETF ETF 921943858 52,535 1,272,965 SH   SOLE   0 0 1,272,965
VANGUARD HIGH DIVIDEND YIELD ETF 921946406 301 4,776 SH   SOLE   0 0 4,776
VANGUARD INTL EQUITY INDEX FDS GLOBAL EX-US REAL ESTATE INDEX FD ETF SHS ETF 922042676 1,258 23,257 SH   SOLE   0 0 23,257
VANGUARD FTSE EMERGING MARKETS ETF ETF 922042858 17,837 439,560 SH   SOLE   0 0 439,560
VANGUARD REIT INDEX ETF ETF 922908553 15,400 218,064 SH   SOLE   0 0 218,064
VANGUARD MID CAP ETF 922908629 27,063 238,271 SH   SOLE   0 0 238,271
VANGUARD SMALL CAP ETF ETF 922908751 1,450 12,841 SH   SOLE   0 0 12,841
VANGUARD TOTAL STK MKT ETF 922908769 334 3,423 SH   SOLE   0 0 3,423
IPATH DJ-UBS COMMODITY TOTAL RETURN ETN ETF 06738C778 11,851 300,407 SH   SOLE   0 0 300,407
POWERSHARES QQQ TR ETF 73935A104 1,723 19,649 SH   SOLE   0 0 19,649
SPDR S&P 500 ETF ETF 78462F103 111,400 595,692 SH   SOLE   0 0 595,692
SPDR GOLD ETF ETF 78463V107 533 4,313 SH   SOLE   0 0 4,313
SPDR DJ WILSHIRE INTL REAL EST ETF 78463X863 757 18,389 SH   SOLE   0 0 18,389
SPDR INDEX SHS FDS S&P INTL SMALL CAP ETF ETF 78463X871 1,167 34,421 SH   SOLE   0 0 34,421
SPDR DJ WILSHIRE REIT (ETF) ETF 78464A607 682 8,734 SH   SOLE   0 0 8,734
SPDR DOW JONES INDUSTRIAL ETF ETF 78467X109 1,060 6,453 SH   SOLE   0 0 6,453