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
POWERSHARES QQQ TRUST, SERIES 1 ETF 73935A104 6,183 42,512 SH   SOLE   0 0 42,512
VANGUARD TOTAL STOCK MARKET INDEX FUND ETF 922908769 1,608 12,417 SH   SOLE   0 0 12,417
ISHARES MSCI EMERGING MARKETS ETF ETF 464287234 5,519 123,171 SH   SOLE   0 0 123,171
VANGUARD REIT ETF ETF 922908553 26,265 316,102 SH   SOLE   0 0 316,102
SPDR DOW JONES INDUSTRIAL AVERAGE ETF ETF 78467X109 931 4,161 SH   SOLE   0 0 4,161
SPDR DOW JONES GLOBAL REAL ESTATE ETF ETF 78463X749 402 8,422 SH   SOLE   0 0 8,422
SPDR S&P 500 ETF ETF 78462F103 116,318 462,994 SH   SOLE   0 0 462,994
ISHARES CALIFORNIA MUNI BOND ETF ETF 464288356 484 4,087 SH   SOLE   0 0 4,087
SCHWAB U.S. SMALL-CAP ETF ETF 808524607 8,166 121,210 SH   SOLE   0 0 121,210
SCHWAB INTERNATIONAL EQUITY ETF ETF 808524805 40,181 1,200,506 SH   SOLE   0 0 1,200,506
SCHWAB U.S. LARGE-CAP ETF ETF 808524201 360 6,000 SH   SOLE   0 0 6,000
SCHWAB EMERGING MARKETS EQUITY ETF ETF 808524706 28,638 1,064,203 SH   SOLE   0 0 1,064,203
VANGUARD SMALL-CAP INDEX FUND ETF 922908751 1,922 13,599 SH   SOLE   0 0 13,599
VANGUARD MID-CAP INDEX FUND ETF 922908629 32,556 221,471 SH   SOLE   0 0 221,471
VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX ETF 922042676 17,079 287,477 SH   SOLE   0 0 287,477
SCHWAB U.S. REIT ETF ETF 808524847 228 5,534 SH   SOLE   0 0 5,534
SCHWAB U.S. MID-CAP ETF ETF 808524508 14,164 282,666 SH   SOLE   0 0 282,666
ISHARES RUSSELL 2000 ETF ETF 464287655 21,184 142,960 SH   SOLE   0 0 142,960
ISHARES CORE HIGH DIVIDEND ETF ETF 46429B663 203 2,359 SH   SOLE   0 0 2,359
POWERSHARES S&P 500 LOW VOLATILITY PORTFOLIO ETF 73937B779 960 20,974 SH   SOLE   0 0 20,974
ISHARES SELECT DIVIDEND ETF ETF 464287168 430 4,592 SH   SOLE   0 0 4,592
VANGUARD SMALL-CAP VALUE INDEX FUND ETF 922908611 362 2,831 SH   SOLE   0 0 2,831
PIMCO ACTIVE BOND EXCHANGE-TRADED FUND ETF 72201R775 288 2,698 SH   SOLE   0 0 2,698
SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF ETF 78463X863 835 21,746 SH   SOLE   0 0 21,746
ISHARES CORE S&P 500 ETF ETF 464287200 26,143 103,362 SH   SOLE   0 0 103,362
VANGUARD FTSE DEVELOPED MARKETS ETF ETF 921943858 55,927 1,288,352 SH   SOLE   0 0 1,288,352
VANGUARD FTSE EMERGING MARKETS ETF ETF 922042858 14,539 333,691 SH   SOLE   0 0 333,691
VANGUARD HIGH DIVIDEND YIELD INDEX FUND ETF 921946406 386 4,763 SH   SOLE   0 0 4,763
SPDR S&P INTERNATIONAL SMALL CAP ETF ETF 78463X871 237 6,756 SH   SOLE   0 0 6,756
VANGUARD DIVIDEND APPRECIATION INDEX FUND ETF 921908844 3,322 35,043 SH   SOLE   0 0 35,043
ISHARES FTSE EPRA/NAREIT DEVELOPED REAL ESTATE EX-US INDEX FUND ETF 464288489 6,894 236,342 SH   SOLE   0 0 236,342
SPDR DOW JONES REIT ETF ETF 78464A607 508 5,489 SH   SOLE   0 0 5,489
ISHARES MSCI EAFE ETF ETF 464287465 8,089 118,123 SH   SOLE   0 0 118,123
ISHARES RUSSELL 1000 ETF ETF 464287622 9,780 69,916 SH   SOLE   0 0 69,916