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
Estimated average burden
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
IPATH DJ-UBS COMMODITY TOTAL RETURN ETN ETF 06738C778 2,189 75,316 SH   SOLE   0 0 75,316
ISHARES DJ SELECT DIVIDEND ETF 464287168 485 6,457 SH   SOLE   0 0 6,457
ISHARES S&P 500 INDEX ETF 464287200 16,786 81,006 SH   SOLE   0 0 81,006
ISHARES MSCI EMERGING MARKETS ETF ETF 464287234 1,168 29,477 SH   SOLE   0 0 29,477
ISHARES MSCI EAFE ETF ETF 464287465 6,807 107,210 SH   SOLE   0 0 107,210
ISHARES NASDAQ BIOTECHNOLOGY ETF ETF 464287556 219 593 SH   SOLE   0 0 593
ISHARES TR RUSSELL 1000 INDEX ETF ETF 464287622 9,545 82,254 SH   SOLE   0 0 82,254
ISHARES RUSSELL 2000 ETF ETF 464287655 20,407 163,440 SH   SOLE   0 0 163,440
ISHARES TR FTSE EPRA/NAREIT GLOBAL REAL ESTATE EX-US ETF 464288489 3,488 117,277 SH   SOLE   0 0 117,277
POWERSHARES QQQ TR ETF 73935A104 5,014 46,830 SH   SOLE   0 0 46,830
POWERSHARES SP500 LOW VOLATILITY ETF ETF 73937B779 771 21,052 SH   SOLE   0 0 21,052
SPDR S&P 500 ETF ETF 78462F103 126,527 614,655 SH   SOLE   0 0 614,655
SPDR GOLD ETF ETF 78463V107 559 4,972 SH   SOLE   0 0 4,972
SPDR DJ GLOBAL REAL ESTATE ETF ETF 78463X749 12,840 280,228 SH   SOLE   0 0 280,228
SPDR DJ WILSHIRE INTL REAL EST ETF 78463X863 799 19,085 SH   SOLE   0 0 19,085
SPDR DJ WILSHIRE REIT (ETF) ETF 78464A607 782 9,264 SH   SOLE   0 0 9,264
SPDR DOW JONES INDUSTRIAL ETF ETF 78467X109 984 5,595 SH   SOLE   0 0 5,595
SCHWAB US MID-CAP ETF ETF 808524508 7,910 185,501 SH   SOLE   0 0 185,501
SCHWAB U.S. SMALL-CAP ETF ETF 808524607 3,613 62,850 SH   SOLE   0 0 62,850
SCHWAB EMERGING MARKETS EQUITY ETF ETF 808524706 8,321 338,542 SH   SOLE   0 0 338,542
SCHWAB INTERNATIONAL EQUITY ETF ETF 808524805 16,301 534,987 SH   SOLE   0 0 534,987
VANGUARD DIVIDEND APPRECIATION ETF ETF 921908844 3,609 45,926 SH   SOLE   0 0 45,926
VANGUARD FTSE DEVELOPED MARKETS ETF ETF 921943858 57,391 1,447,432 SH   SOLE   0 0 1,447,432
VANGUARD HIGH DIVIDEND YIELD ETF 921946406 320 4,754 SH   SOLE   0 0 4,754
VANGUARD GLOBAL EX-U.S. REAL ESTATE ETF ETF 922042676 10,545 190,142 SH   SOLE   0 0 190,142
VANGUARD FTSE EMERGING MARKETS ETF ETF 922042858 22,108 540,795 SH   SOLE   0 0 540,795
VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND ETF 92206C409 215 2,698 SH   SOLE   0 0 2,698
VANGUARD REIT INDEX ETF ETF 922908553 15,482 207,285 SH   SOLE   0 0 207,285
VANGUARD MID CAP ETF 922908629 30,830 241,936 SH   SOLE   0 0 241,936
VANGUARD SMALL CAP ETF ETF 922908751 1,572 12,945 SH   SOLE   0 0 12,945
VANGUARD TOTAL STK MKT ETF 922908769 1,398 13,062 SH   SOLE   0 0 13,062