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
ALTRIA GROUP INC COM 02209S103 253 5,506 SH   SOLE   4,674 0 832
AMBEV SA SPONSORED ADR 02319V103 293 44,711 SH   SOLE   39,423 0 5,288
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 306 2,760 SH   SOLE   2,420 0 340
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 244 2,160 SH   SOLE   1,828 0 332
COUPONS COM INC COM 22265J102 2,033 170,000 SH   SOLE   170,000 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 294 2,550 SH   SOLE   2,219 0 331
EGA EMERGING GLOBAL SHS TR EGS EMKTCONS ETF 268461779 2,425 92,450 SH   SOLE   81,357 0 11,093
ISHARES TR CORE S&P MCP ETF 464287507 1,861 13,613 SH   SOLE   11,915 0 1,698
ISHARES TR CORE S&P SCP ETF 464287804 862 8,263 SH   SOLE   7,225 0 1,038
ISHARES EMU ETF 464286608 997 25,904 SH   SOLE   22,760 0 3,144
ISHARES TR IBOXX INV CP ETF 464287242 3,230 27,318 SH   SOLE   13,273 0 14,045
ISHARES MSCI CDA ETF 464286509 3,485 113,569 SH   SOLE   99,793 0 13,776
ISHARES TR MSCI EAFE ETF 464287465 29,105 453,919 SH   SOLE   398,823 0 55,096
ISHARES TR MSCI EMG MKT ETF 464287234 7,320 176,128 SH   SOLE   154,870 0 21,258
ISHARES MSCI SZ CAP ETF 464286749 295 9,082 SH   SOLE   7,980 0 1,102
ISHARES MBS ETF 464288588 294 2,724 SH   SOLE   0 0 2,724
ISHARES TR MSCI UTD KNGDM 46434V548 1,400 72,257 SH   SOLE   63,487 0 8,770
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 1,234 23,256 SH   SOLE   20,356 0 2,900
KAYNE ANDERSON MLP INVT CO COM 486606106 1,224 29,969 SH   SOLE   26,232 0 3,737
MOLSON COORS BREWING CO CL B 60871R209 318 4,270 SH   SOLE   3,755 0 515
PHILIP MORRIS INTL INC COM 718172109 244 2,925 SH   SOLE   2,467 0 458
PLUM CREEK TIMBER CO INC COM 729251108 741 18,998 SH   SOLE   16,799 0 2,199
RAYONIER INC COM 754907103 754 24,212 SH   SOLE   21,273 0 2,939
REYNOLDS AMERICAN INC COM 761713106 251 4,249 SH   SOLE   3,595 0 654
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 6,076 80,167 SH   SOLE   70,170 0 9,997
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 218 4,401 SH   SOLE   3,857 0 544
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 1,346 20,184 SH   SOLE   17,667 0 2,517
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 1,380 30,587 SH   SOLE   26,773 0 3,814
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1,520 23,787 SH   SOLE   20,821 0 2,966
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 1,612 17,792 SH   SOLE   15,573 0 2,219
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 2,084 89,929 SH   SOLE   78,714 0 11,215
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 1,279 24,070 SH   SOLE   21,062 0 3,008
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 3,406 85,368 SH   SOLE   74,722 0 10,646
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,464 7,433 SH   SOLE   6,506 0 927
TEEKAY CORPORATION COM Y8564W103 16,590 250,000 SH   SOLE   250,000 0 0
TREMOR VIDEO INC COM 89484Q100 961 410,667 SH   SOLE   410,667 0 0
WEYERHAEUSER CO COM 962166104 872 27,373 SH   SOLE   24,117 0 3,256