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 TR ETF 73935A104 6,778 42,329 SH   SOLE   0 0 42,329
VANGUARD TOTAL STK MKT ETF 922908769 938 6,912 SH   SOLE   0 0 6,912
ISHARES MSCI EMERGING MARKETS ETF ETF 464287234 6,036 125,012 SH   SOLE   0 0 125,012
VANGUARD REAL ESTATE INDEX ETF ETF 922908553 24,512 324,793 SH   SOLE   0 0 324,793
SPDR DOW JONES INDUSTRIAL ETF ETF 78467X109 1,017 4,212 SH   SOLE   0 0 4,212
SPDR DJ GLOBAL REAL ESTATE ETF ETF 78463X749 387 8,368 SH   SOLE   0 0 8,368
SPDR S&P 500 ETF ETF 78462F103 119,350 453,543 SH   SOLE   0 0 453,543
ISHARES CALIFORNIA MUNI BOND ETF ETF 464288356 482 8,260 SH   SOLE   0 0 8,260
SCHWAB ETFS- US SMALL-CAP ETF ETF 808524607 8,613 124,596 SH   SOLE   0 0 124,596
SCHWAB ETFS- US BROAD MARKET ETF ETF 808524102 201 3,148 SH   SOLE   0 0 3,148
SCHWAB INTERNATIONAL EQUITY ETF ETF 808524805 43,168 1,280,582 SH   SOLE   0 0 1,280,582
SCHWAB STRATEGIC TR US LRG CAP ETF ETF 808524201 363 5,752 SH   SOLE   0 0 5,752
SCHWAB EMERGING MARKET EQ ETF ETF 808524706 31,377 1,093,278 SH   SOLE   0 0 1,093,278
VANGUARD SMALL CAP ETF ETF 922908751 2,014 13,711 SH   SOLE   0 0 13,711
VANGUARD MID CAP ETF 922908629 33,689 218,462 SH   SOLE   0 0 218,462
VANGUARD GLOBAL EX-U.S. REAL ESTATE ETF ETF 922042676 18,062 296,491 SH   SOLE   0 0 296,491
SCH US REIT ETF ETF 808524847 240 6,277 SH   SOLE   0 0 6,277
SCHWAB US MID-CAP ETF ETF 808524508 15,199 287,422 SH   SOLE   0 0 287,422
ISHARES RUSSELL 2000 ETF ETF 464287655 21,400 140,946 SH   SOLE   0 0 140,946
ISHARES TR HIGH DIVID EQUITY FD ETF 46429B663 205 2,422 SH   SOLE   0 0 2,422
POWERSHARES SP500 LOW VOLATILITY ETF ETF 73937B779 479 10,188 SH   SOLE   0 0 10,188
ISHARES DJ SELECT DIVIDEND ETF 464287168 447 4,703 SH   SOLE   0 0 4,703
VANGUARD SMALL-CAP VALUE INDEX FUND ETF 922908611 372 2,876 SH   SOLE   0 0 2,876
PIMCO ACTIVE BOND EXCHANGE-TRADED FUND ETF 72201R775 326 3,124 SH   SOLE   0 0 3,124
SPDR DJ WILSHIRE INTL REAL EST ETF 78463X863 879 21,971 SH   SOLE   0 0 21,971
ISHARES S&P 500 INDEX ETF 464287200 27,570 103,893 SH   SOLE   0 0 103,893
VANGUARD FTSE DEVELOPED MARKETS ETF ETF 921943858 56,401 1,274,604 SH   SOLE   0 0 1,274,604
VANGUARD FTSE EMERGING MARKETS ETF ETF 922042858 15,312 325,916 SH   SOLE   0 0 325,916
VANGUARD HIGH DIVIDEND YIELD ETF 921946406 386 4,678 SH   SOLE   0 0 4,678
VANGUARD DIVIDEND APPRECIATION ETF ETF 921908844 2,239 22,158 SH   SOLE   0 0 22,158
ISHARES TR FTSE EPRA/NAREIT GLOBAL REAL ESTATE EX-US ETF 464288489 6,773 227,815 SH   SOLE   0 0 227,815
SPDR DJ WILSHIRE REIT (ETF) ETF 78464A607 479 5,564 SH   SOLE   0 0 5,564
ISHARES MSCI EAFE ETF ETF 464287465 8,176 117,333 SH   SOLE   0 0 117,333
ISHARES TR RUSSELL 1000 INDEX ETF ETF 464287622 10,077 68,614 SH   SOLE   0 0 68,614