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
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 2 30 SH   DFND 0 0 30
ALTRIA GROUP INC COM 02209S103 2 60 SH   DFND 0 0 60
AT&T INC COM 00206R102 5 130 SH   DFND 0 0 130
BLACKROCK LTD DURATION INC T COM SHS 09249W101 8 473 SH   DFND 0 0 473
CATERPILLAR INC DEL COM 149123101 6 72 SH   DFND 0 0 72
CISCO SYS INC COM 17275R102 0 20 SH   DFND 0 0 20
CITIGROUP INC COM NEW 172967424 0 2 SH   DFND 0 0 2
CLAYMORE EXCHANGE TRD FD TR GUGGEN DEFN EQTY 18383M878 1 22 SH   DFND 0 0 22
CVS CAREMARK CORPORATION COM 126650100 11 200 SH   DFND 0 0 200
DENALI FD INC COM 24823A102 1 46 SH   DFND 0 0 46
DISNEY WALT CO COM DISNEY 254687106 39 621 SH   DFND 0 0 621
DTE ENERGY CO COM 233331107 12 183 SH   DFND 0 0 183
EATON VANCE RISK MNGD DIV EQ COM 27829G106 1 78 SH   DFND 0 0 78
EXPEDITORS INTL WASH INC COM 302130109 1 16 SH   DFND 0 0 16
FACEBOOK INC CL A 30303M102 1,971 79,266 SH   DFND 79,266 0 0
FEDERATED ENHANC TREAS INCM COM SH BEN INT 314162108 1 52 SH   DFND 0 0 52
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 2 40 SH   DFND 0 0 40
GOLDMAN SACHS GROUP INC COM 38141G104 1 5 SH   DFND 0 0 5
HELIOS STRATEGIC INCOME FD I COM NEW 42328A203 1 107 SH   DFND 0 0 107
HORSEHEAD HLDG CORP COM 440694305 8,198 640,000 SH   DFND 640,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 12 64 SH   DFND 0 0 64
INTL PAPER CO COM 460146103 1 15 SH   DFND 0 0 15
INVESCO SR INCOME TR COM 46131H107 6 1,083 SH   DFND 0 0 1,083
INVESCO VALUE MUN INCOME TR COM 46132P108 5 360 SH   DFND 0 0 360
ISHARES TR BARCLYS CR BD 464288620 8,148 75,821 SH   DFND 0 0 75,821
ISHARES TR BARCLYS TIPS BD 464287176 5,616 50,104 SH   DFND 0 0 50,104
ISHARES TR CORE S&P MCP ETF 464287507 9,689 83,864 SH   DFND 0 0 83,864
ISHARES TR CORE S&P SCP ETF 464287804 4,470 49,465 SH   DFND 0 0 49,465
ISHARES TR CORE TOTUSBD ETF 464287226 0 4 SH   DFND 0 0 4
ISHARES TR FTSE CHINA25 IDX 464287184 0 12 SH   DFND 0 0 12
ISHARES TR MSCI EAFE INDEX 464287465 20,333 354,849 SH   DFND 0 0 354,849
ISHARES TR RUSSELL 2000 464287655 1 6 SH   DFND 0 0 6
ISHARES TR S&P 100 IDX FD 464287101 15 204 SH   DFND 0 0 204
ISHARES TR S&P NTL AMTFREE 464288414 1,797 17,115 SH   DFND 0 0 17,115
JPMORGAN CHASE & CO COM 46625H100 8 145 SH   DFND 0 0 145
KIMBERLY CLARK CORP COM 494368103 0 0 SH   DFND 0 0 0
KRAFT FOODS GROUP INC COM 50076Q106 1 13 SH   DFND 0 0 13
LAREDO PETE HLDGS INC COM 516806106 180 8,749 SH   DFND 8,749 0 0
LOCKHEED MARTIN CORP COM 539830109 0 1 SH   DFND 0 0 1
LOWES COS INC COM 548661107 1 25 SH   DFND 0 0 25
MARKET VECTORS ETF TR HG YLD MUN ETF 57060U878 488 15,963 SH   DFND 0 0 15,963
MATTEL INC COM 577081102 5 100 SH   DFND 0 0 100
MOBILE MINI INC COM 60740F105 695 20,951 SH   DFND 20,951 0 0
MONDELEZ INTL INC CL A 609207105 1 41 SH   DFND 0 0 41
NEUBERGER BERMAN RE ES SEC F COM 64190A103 1 165 SH   DFND 0 0 165
NEWSTAR FINANCIAL INC COM 65251F105 19,497 1,463,713 SH   DFND 1,463,713 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 1 30 SH   DFND 0 0 30
PETROLEUM & RES CORP COM 716549100 1 34 SH   DFND 0 0 34
PHILIP MORRIS INTL INC COM 718172109 5 60 SH   DFND 0 0 60
PIMCO ETF TR TOTL RETN ETF 72201R775 3 32 SH   DFND 0 0 32
PROCTER & GAMBLE CO COM 742718109 3 42 SH   DFND 0 0 42
RENN GLOBAL ENTREPENRS COM 759720105 1 366 SH   DFND 0 0 366
RMR REAL ESTATE INCOME FUND COM 76970B101 1 40 SH   DFND 0 0 40
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 3 47 SH   DFND 0 0 47
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 9 151 SH   DFND 0 0 151
SELECT MED HLDGS CORP COM 81619Q105 1,130 137,781 SH   DFND 137,781 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 1 18 SH   DFND 0 0 18
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1 15 SH   DFND 0 0 15
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 1 18 SH   DFND 0 0 18
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 0 1 SH   DFND 0 0 1
SPDR S&P 500 ETF TR TR UNIT 78462F103 36,796 229,368 SH   DFND 0 0 229,368
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1 3 SH   DFND 0 0 3
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 4,985 126,235 SH   DFND 0 0 126,235
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 3,699 65,730 SH   DFND 0 0 65,730
SPDR SERIES TRUST NUVN BR SHT MUNI 78464A425 866 36,227 SH   DFND 0 0 36,227
SPDR SERIES TRUST NUVN BRCLY MUNI 78464A458 1,249 54,626 SH   DFND 0 0 54,626
TEMPLETON EMERG MKTS INCOME COM 880192109 2 133 SH   DFND 0 0 133
TEMPLETON GLOBAL INCOME FD COM 880198106 3 397 SH   DFND 0 0 397
UNITED TECHNOLOGIES CORP COM 913017109 5 55 SH   DFND 0 0 55
US BANCORP DEL COM NEW 902973304 1 33 SH   DFND 0 0 33
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 6,621 82,657 SH   DFND 0 0 82,657
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 18,545 229,295 SH   DFND 0 0 229,295
VANGUARD INDEX FDS MID CAP ETF 922908629 0 1 SH   DFND 0 0 1
VANGUARD INDEX FDS REIT ETF 922908553 6,118 89,014 SH   DFND 0 0 89,014
VANGUARD INDEX FDS SMALL CP ETF 922908751 0 1 SH   DFND 0 0 1
VANGUARD INDEX FDS TOTAL STK MKT 922908769 0 1 SH   DFND 0 0 1
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 7,290 187,902 SH   DFND 0 0 187,902
VANGUARD WORLD FDS UTILITIES ETF 92204A876 0 0 SH   DFND 0 0 0
WAL-MART STORES INC COM 931142103 4 50 SH   DFND 0 0 50
WESTERN ASSET CLYM INFL OPP COM 95766R104 1 67 SH   DFND 0 0 67