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

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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 46090E103 7,823 42,109 SH   SOLE   0 0 42,109
TECHNOLOGY SELECT SECTOR SPDR ETF 81369Y803 235 3,123 SH   SOLE   0 0 3,123
VANGUARD TOTAL STK MKT ETF 922908769 1,031 6,888 SH   SOLE   0 0 6,888
ISHARES MSCI EMERGING MARKETS ETF ETF 464287234 5,386 125,488 SH   SOLE   0 0 125,488
VANGUARD REAL ESTATE INDEX ETF ETF 922908553 27,590 341,968 SH   SOLE   0 0 341,968
SPDR DOW JONES INDUSTRIAL ETF ETF 78467X109 981 3,712 SH   SOLE   0 0 3,712
SPDR DJ GLOBAL REAL ESTATE ETF ETF 78463X749 345 7,250 SH   SOLE   0 0 7,250
SPDR S&P 500 ETF ETF 78462F103 132,163 454,605 SH   SOLE   0 0 454,605
ISHARES CALIFORNIA MUNI BOND ETF ETF 464288356 484 8,348 SH   SOLE   0 0 8,348
SCHWAB ETFS- US SMALL-CAP ETF ETF 808524607 9,994 131,211 SH   SOLE   0 0 131,211
SCHWAB INTERNATIONAL EQUITY ETF ETF 808524805 43,951 1,310,785 SH   SOLE   0 0 1,310,785
SCHWAB STRATEGIC TR US LRG CAP ETF ETF 808524201 390 5,607 SH   SOLE   0 0 5,607
SCHWAB EMERGING MARKET EQ ETF ETF 808524706 29,283 1,138,955 SH   SOLE   0 0 1,138,955
VANGUARD SMALL CAP ETF ETF 922908751 2,243 13,795 SH   SOLE   0 0 13,795
VANGUARD MID CAP ETF 922908629 35,582 216,714 SH   SOLE   0 0 216,714
VANGUARD GLOBAL EX-U.S. REAL ESTATE ETF ETF 922042676 16,325 290,632 SH   SOLE   0 0 290,632
SCH US REIT ETF ETF 808524847 397 9,505 SH   SOLE   0 0 9,505
SCHWAB US MID-CAP ETF ETF 808524508 17,654 305,218 SH   SOLE   0 0 305,218
ISHARES RUSSELL 2000 ETF ETF 464287655 23,331 138,424 SH   SOLE   0 0 138,424
ISHARES TR HIGH DIVID EQUITY FD ETF 46429B663 220 2,429 SH   SOLE   0 0 2,429
POWERSHARES SP500 LOW VOLATILITY ETF ETF 46138E354 505 10,188 SH   SOLE   0 0 10,188
ISHARES DJ SELECT DIVIDEND ETF 464287168 473 4,741 SH   SOLE   0 0 4,741
VANGUARD SMALL-CAP VALUE INDEX FUND ETF 922908611 412 2,954 SH   SOLE   0 0 2,954
PIMCO ACTIVE BOND EXCHANGE-TRADED FUND ETF 72201R775 400 3,906 SH   SOLE   0 0 3,906
SPDR DJ WILSHIRE INTL REAL EST ETF 78463X863 850 22,217 SH   SOLE   0 0 22,217
ISHARES S&P 500 INDEX ETF 464287200 30,853 105,399 SH   SOLE   0 0 105,399
VANGUARD FTSE DEVELOPED MARKETS ETF ETF 921943858 55,669 1,286,543 SH   SOLE   0 0 1,286,543
VANGUARD FTSE EMERGING MARKETS ETF ETF 922042858 13,544 330,338 SH   SOLE   0 0 330,338
VANGUARD HIGH DIVIDEND YIELD ETF 921946406 377 4,326 SH   SOLE   0 0 4,326
VANGUARD DIVIDEND APPRECIATION ETF ETF 921908844 2,399 21,667 SH   SOLE   0 0 21,667
ISHARES TR FTSE EPRA/NAREIT GLOBAL REAL ESTATE EX-US ETF 464288489 6,468 225,751 SH   SOLE   0 0 225,751
SPDR DJ WILSHIRE REIT (ETF) ETF 78464A607 530 5,686 SH   SOLE   0 0 5,686
ISHARES MSCI EAFE ETF ETF 464287465 8,178 120,282 SH   SOLE   0 0 120,282
ISHARES TR RUSSELL 1000 INDEX ETF ETF 464287622 10,763 66,554 SH   SOLE   0 0 66,554