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
ACE LTD SHS H0023R105 1,253 13,998 SH   SOLE   13,998 0 0
ADVANCED MICRO DEVICES INC COM 007903107 141 34,624 SH   SOLE   34,624 0 0
AFFILIATED MANAGERS GROUP COM 008252108 344 2,101 SH   SOLE   2,101 0 0
AFLAC INC COM 001055102 1,123 19,318 SH   SOLE   19,318 0 0
ALLEGHANY CORP DEL COM 017175100 330 862 SH   SOLE   862 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 373 2,060 SH   SOLE   2,060 0 0
ALLIANCEBERNSTEIN GBL HGH IN COM 01879R106 155 10,299 SH   DFND 1 10,299 0 0
ALLSTATE CORP COM 020002101 974 20,247 SH   SOLE   20,247 0 0
ALTERA CORP COM 021441100 368 11,167 SH   SOLE   11,167 0 0
ALUMINUM CORP CHINA LTD SPON ADR H SHS 022276109 145 18,422 SH   SOLE   18,422 0 0
AMERICAN CAP LTD COM 02503Y103 164 12,952 SH   SOLE   12,952 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 374 16,254 SH   SOLE   16,254 0 0
AMERICAN EXPRESS CO COM 025816109 3,091 41,352 SH   SOLE   41,352 0 0
AMERICAN INTL GROUP INC COM 026874784 1,219 27,281 SH   SOLE   27,281 0 0
AMERICAN TOWER CORP NEW COM 03027X100 1,192 16,297 SH   SOLE   16,297 0 0
AMERIPRISE FINL INC COM 03076C106 693 8,574 SH   SOLE   8,574 0 0
ANADARKO PETE CORP COM 032511107 379 4,416 SH   SOLE   4,416 0 0
ANNALY CAP MGMT INC COM 035710409 502 39,953 SH   SOLE   39,953 0 0
AON PLC SHS CL A G0408V102 821 12,764 SH   SOLE   12,764 0 0
APACHE CORP COM 037411105 355 4,239 SH   SOLE   4,239 0 0
APPLIED MATLS INC COM 038222105 768 51,488 SH   SOLE   51,488 0 0
ARCH CAP GROUP LTD ORD G0450A105 285 5,546 SH   SOLE   5,546 0 0
ARES CAP CORP COM 04010L103 189 10,998 SH   SOLE   10,998 0 0
AVAGO TECHNOLOGIES LTD SHS Y0486S104 363 9,712 SH   SOLE   9,712 0 0
AVALONBAY CMNTYS INC COM 053484101 637 4,724 SH   SOLE   4,724 0 0
BAIDU INC SPON ADR REP A 056752108 769 8,137 SH   SOLE   8,137 0 0
BANK NEW YORK MELLON CORP COM 064058100 1,382 49,261 SH   SOLE   49,261 0 0
BANK OF AMERICA CORPORATION COM 060505104 5,725 445,146 SH   SOLE   445,146 0 0
BARRETT BILL CORP COM 06846N104 320 15,837 SH   SOLE   15,837 0 0
BB&T CORP COM 054937107 978 28,871 SH   SOLE   28,871 0 0
BELO CORP COM SER A 080555105 145 10,382 SH   DFND 1 10,382 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 8,251 73,718 SH   SOLE   73,718 0 0
BLACKROCK CORPOR HI YLD FD V COM 09255P107 151 12,594 SH   DFND 1 12,594 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 151 11,657 SH   DFND 1 11,657 0 0
BLACKROCK INC COM 09247X101 1,366 5,319 SH   SOLE   5,319 0 0
BOSTON PROPERTIES INC COM 101121101 654 6,198 SH   SOLE   6,198 0 0
BOSTON SCIENTIFIC CORP COM 101137107 145 15,629 SH   DFND 1 15,629 0 0
BROADCOM CORP CL A 111320107 655 19,408 SH   SOLE   19,408 0 0
CABOT OIL & GAS CORP COM 127097103 362 5,094 SH   SOLE   5,094 0 0
CAMDEN PPTY TR SH BEN INT 133131102 239 3,461 SH   SOLE   3,461 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,629 25,942 SH   SOLE   25,942 0 0
CBRE GROUP INC CL A 12504L109 316 13,543 SH   SOLE   13,543 0 0
CHESAPEAKE ENERGY CORP COM 165167107 364 17,879 SH   SOLE   17,879 0 0
CHIMERA INVT CORP COM 16934Q109 94 31,370 SH   DFND 1 31,370 0 0
CHIMERA INVT CORP COM 16934Q109 126 42,123 SH   SOLE   42,123 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 579 16,611 SH   SOLE   16,611 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 1,100 21,246 SH   SOLE   21,246 0 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 604 6,602 SH   SOLE   6,602 0 0
CHINA TELECOM CORP LTD SPON ADR H SHS 169426103 389 8,192 SH   SOLE   8,192 0 0
CHINA UNICOM (HONG KONG) LTD SPONSORED ADR 16945R104 353 26,848 SH   SOLE   26,848 0 0
CHUBB CORP COM 171232101 944 11,154 SH   SOLE   11,154 0 0
CINCINNATI FINL CORP COM 172062101 358 7,802 SH   SOLE   7,802 0 0
CIT GROUP INC COM 125581801 384 8,238 SH   SOLE   8,238 0 0
CITIGROUP INC COM 172967424 5,811 121,148 SH   SOLE   121,148 0 0
CME GROUP INC COM 12572Q105 1,041 13,705 SH   SOLE   13,705 0 0
CNOOC LTD SPONSORED ADR 126132109 758 4,523 SH   SOLE   4,523 0 0
COMERICA INC COM 200340107 308 7,722 SH   SOLE   7,722 0 0
COMSTOCK RES INC COM 205768203 332 21,087 SH   SOLE   21,087 0 0
CREE INC COM 225447101 330 5,162 SH   SOLE   5,162 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 301 9,223 SH   SOLE   9,223 0 0
DDR CORP COM 23317H102 189 11,334 SH   SOLE   11,334 0 0
DEVON ENERGY CORP NEW COM 25179M103 340 6,554 SH   SOLE   6,554 0 0
DIGITAL RLTY TR INC COM 253868103 321 5,263 SH   SOLE   5,263 0 0
DISCOVER FINL SVCS COM 254709108 979 20,544 SH   SOLE   20,544 0 0
DUKE REALTY CORP COM 264411505 205 13,159 SH   SOLE   13,159 0 0
E TRADE FINANCIAL CORP COM 269246401 149 11,803 SH   SOLE   11,803 0 0
E-COMMERCE CHINA DANGDANG IN SPN ADS COM A 26833A105 80 11,564 SH   SOLE   11,564 0 0
ENCANA CORP COM 292505104 339 20,024 SH   SOLE   20,024 0 0
EQT CORP COM 26884L109 370 4,662 SH   SOLE   4,662 0 0
EQUIFAX INC COM 294429105 377 6,396 SH   SOLE   6,396 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 778 13,395 SH   SOLE   13,395 0 0
ESSEX PPTY TR INC COM 297178105 248 1,558 SH   SOLE   1,558 0 0
EVEREST RE GROUP LTD COM G3223R108 262 2,046 SH   SOLE   2,046 0 0
EXCO RESOURCES INC COM 269279402 351 45,907 SH   SOLE   45,907 0 0
FEDERAL REALTY INVT TR SH BEN INT 313747206 270 2,607 SH   SOLE   2,607 0 0
FIDELITY NATIONAL FINANCIAL CL A 31620R105 218 9,135 SH   SOLE   9,135 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 444 10,369 SH   SOLE   10,369 0 0
FIFTH THIRD BANCORP COM 316773100 686 37,994 SH   SOLE   37,994 0 0
FIRST HORIZON NATL CORP COM 320517105 116 10,367 SH   SOLE   10,367 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 146 14,454 SH   SOLE   14,454 0 0
FIRST TR EXCHANGE TRADED FD CONSUMR STAPLE 33734X119 2,269 73,372 SH   DFND 1 73,372 0 0
FISERV INC COM 337738108 537 6,143 SH   SOLE   6,143 0 0
FOREST OIL CORP COM PAR $0.01 346091705 334 81,732 SH   SOLE   81,732 0 0
FRANKLIN RES INC COM 354613101 781 5,741 SH   SOLE   5,741 0 0
GALLAGHER ARTHUR J & CO COM 363576109 212 4,860 SH   SOLE   4,860 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 430 21,659 SH   SOLE   21,659 0 0
GENWORTH FINL INC COM CL A 37247D106 232 20,294 SH   SOLE   20,294 0 0
GIANT INTERACTIVE GROUP INC ADR 374511103 129 16,057 SH   SOLE   16,057 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 2,907 19,222 SH   SOLE   19,222 0 0
GOODRICH PETE CORP COM 382410405 373 29,175 SH   SOLE   29,175 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 563 18,221 SH   SOLE   18,221 0 0
HCP INC COM 40414L109 849 18,680 SH   SOLE   18,680 0 0
HEALTH CARE REIT INC COM 42217K106 788 11,755 SH   SOLE   11,755 0 0
HEWLETT PACKARD CO COM 428236103 252 10,173 SH   DFND 1 10,173 0 0
HOLLYFRONTIER CORP COM 436106108 215 5,031 SH   DFND 1 5,031 0 0
HOME DEPOT INC COM 437076102 218 2,813 SH   SOLE   2,813 0 0
HOST HOTELS & RESORTS INC COM 44107P104 501 29,710 SH   SOLE   29,710 0 0
HUANENG PWR INTL INC SPON ADR H SHS 443304100 258 6,708 SH   SOLE   6,708 0 0
HUDSON CITY BANCORP COM 443683107 200 21,808 SH   SOLE   21,808 0 0
HUNTINGTON BANCSHARES INC COM 446150104 281 35,712 SH   SOLE   35,712 0 0
INTEL CORP COM 458140100 723 29,840 SH   SOLE   29,840 0 0
INTERCONTINENTALEXCHANGE INC COM 45865V100 535 3,012 SH   SOLE   3,012 0 0
INVESCO LTD SHS G491BT108 589 18,521 SH   SOLE   18,521 0 0
ISHARES INC CTR WLD MINVL 464286525 961 16,063 SH   SOLE   16,063 0 0
ISHARES INC MSCI BRAZIL CAPP 464286400 789 18,000 SH   SOLE   18,000 0 0
ISHARES INC MSCI JAPAN 464286848 1,681 149,838 SH   SOLE   149,838 0 0
ISHARES INC MSCI PAC J IDX 464286665 310 7,205 SH   SOLE   7,205 0 0
ISHARES INC MSCI STH KOR CAP 464286772 419 7,881 SH   SOLE   7,881 0 0
ISHARES INC MSCI UTD KINGD 464286699 774 43,800 SH   SOLE   43,800 0 0
ISHARES S&P GSCI COMMODITY I UNIT BEN INT 46428R107 318 10,340 SH   SOLE   10,340 0 0
ISHARES TR BARCLYS 1-3 YR 464287457 2,516 29,854 SH   DFND 1 29,854 0 0
ISHARES TR BARCLYS 1-3YR CR 464288646 3,561 33,900 SH   DFND 1 33,900 0 0
ISHARES TR BARCLYS 20+ YR 464287432 19,088 172,837 SH   SOLE   172,837 0 0
ISHARES TR BARCLYS 3-7 YR 464288661 1,848 15,305 SH   DFND 1 15,305 0 0
ISHARES TR BARCLYS 7-10 YR 464287440 2,184 21,306 SH   DFND 1 21,306 0 0
ISHARES TR BARCLYS MBS BD 464288588 326 3,100 SH   DFND 1 3,100 0 0
ISHARES TR BARCLYS SH TREA 464288679 4,563 41,400 SH   DFND 1 41,400 0 0
ISHARES TR CORE S&P SCP ETF 464287804 10,934 121,100 SH   DFND 1 121,100 0 0
ISHARES TR CORE TOTUSBD ETF 464287226 1,632 15,222 SH   SOLE   15,222 0 0
ISHARES TR CORE TOTUSBD ETF 464287226 2,009 18,745 SH   DFND 1 18,745 0 0
ISHARES TR DJ MED DEVICES 464288810 4,413 56,198 SH   DFND 1 56,198 0 0
ISHARES TR DJ PHARMA INDX 464288836 5,770 57,900 SH   DFND 1 57,900 0 0
ISHARES TR DJ US FINL SVC 464287770 6,682 93,044 SH   DFND 1 93,044 0 0
ISHARES TR EAFE MIN VOLAT 46429B689 961 16,814 SH   SOLE   16,814 0 0
ISHARES TR HIGH YLD CORP 464288513 1,098 12,082 SH   SOLE   12,082 0 0
ISHARES TR HIGH YLD CORP 464288513 1,799 19,800 SH   DFND 1 19,800 0 0
ISHARES TR MSCI EAFE INDEX 464287465 1,427 24,864 SH   SOLE   24,864 0 0
ISHARES TR MSCI EMERG MKT 464287234 83,886 2,174,902 SH   SOLE   2,174,902 0 0
ISHARES TR PHLX SOX SEMICND 464287523 4,396 69,200 SH   DFND 1 69,200 0 0
ISHARES TR RUSL 2000 GROW 464287648 322 2,887 SH   SOLE   2,887 0 0
ISHARES TR RUSL 2000 GROW 464287648 10,939 98,100 SH   DFND 1 98,100 0 0
ISHARES TR RUSL 2000 VALU 464287630 324 3,773 SH   SOLE   3,773 0 0
ISHARES TR RUSL 2000 VALU 464287630 11,047 128,600 SH   DFND 1 128,600 0 0
ISHARES TR RUSSELL 2000 464287655 11,018 113,400 SH   DFND 1 113,400 0 0
ISHARES TR RUSSELL 2000 464287655 19,107 196,656 SH   SOLE   196,656 0 0
ISHARES TR RUSSELL1000GRW 464287614 2,139 29,400 SH   DFND 1 29,400 0 0
ISHARES TR RUSSELL1000VAL 464287598 1,292 15,425 SH   SOLE   15,425 0 0
ISHARES TR S&P LTN AM 40 464287390 5,011 136,330 SH   SOLE   136,330 0 0
ISHARES TR S&P SMLCP GROW 464287887 10,914 112,700 SH   DFND 1 112,700 0 0
ISHARES TR S&P SMLCP VALU 464287879 10,932 117,000 SH   DFND 1 117,000 0 0
ISHARES TR S&P500 GRW 464287309 2,176 25,900 SH   DFND 1 25,900 0 0
JPMORGAN CHASE & CO COM 46625H100 8,425 159,586 SH   SOLE   159,586 0 0
KEYCORP NEW COM 493267108 552 49,970 SH   SOLE   49,970 0 0
KIMCO RLTY CORP COM 49446R109 360 16,814 SH   SOLE   16,814 0 0
KLA-TENCOR CORP COM 482480100 366 6,570 SH   SOLE   6,570 0 0
KRISPY KREME DOUGHNUTS INC COM 501014104 425 24,345 SH   DFND 1 24,345 0 0
LAM RESEARCH CORP COM 512807108 307 6,929 SH   SOLE   6,929 0 0
LEUCADIA NATL CORP COM 527288104 338 12,879 SH   SOLE   12,879 0 0
LINCOLN NATL CORP IND COM 534187109 404 11,085 SH   SOLE   11,085 0 0
LINEAR TECHNOLOGY CORP COM 535678106 363 9,862 SH   SOLE   9,862 0 0
LOEWS CORP COM 540424108 572 12,880 SH   SOLE   12,880 0 0
M & T BK CORP COM 55261F104 584 5,229 SH   SOLE   5,229 0 0
MACERICH CO COM 554382101 334 5,470 SH   SOLE   5,470 0 0
MAGNUM HUNTER RES CORP DEL COM 55973B102 341 93,532 SH   SOLE   93,532 0 0
MARKEL CORP COM 570535104 287 545 SH   SOLE   545 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 101,222 4,146,747 SH   SOLE   4,146,747 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 7,484 297,455 SH   SOLE   297,455 0 0
MARSH & MCLENNAN COS INC COM 571748102 900 22,557 SH   SOLE   22,557 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 388 33,124 SH   SOLE   33,124 0 0
MASTERCARD INC CL A 57636Q104 2,573 4,479 SH   SOLE   4,479 0 0
METLIFE INC COM 59156R108 1,611 35,212 SH   SOLE   35,212 0 0
MFA FINL INC COM 55272X102 219 25,901 SH   SOLE   25,901 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 195 21,028 SH   DFND 1 21,028 0 0
MFS GOVT MKTS INCOME TR SH BEN INT 552939100 194 32,337 SH   DFND 1 32,337 0 0
MFS INTER INCOME TR SH BEN INT 55273C107 156 27,053 SH   DFND 1 27,053 0 0
MICRON TECHNOLOGY INC COM 595112103 445 31,030 SH   SOLE   31,030 0 0
MINDRAY MEDICAL INTL LTD SPON ADR 602675100 254 6,788 SH   SOLE   6,788 0 0
MOODYS CORP COM 615369105 494 8,113 SH   SOLE   8,113 0 0
MORGAN STANLEY COM 617446448 1,553 63,581 SH   SOLE   63,581 0 0
NETEASE INC SPONSORED ADR 64110W102 326 5,167 SH   SOLE   5,167 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 249 11,259 SH   SOLE   11,259 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 252 18,005 SH   SOLE   18,005 0 0
NEWFIELD EXPL CO COM 651290108 372 15,588 SH   SOLE   15,588 0 0
NOBLE ENERGY INC COM 655044105 369 6,149 SH   SOLE   6,149 0 0
NORTHERN TR CORP COM 665859104 516 8,905 SH   SOLE   8,905 0 0
NVIDIA CORP COM 67066G104 357 25,435 SH   SOLE   25,435 0 0
NXP SEMICONDUCTORS N V COM N6596X109 323 10,434 SH   SOLE   10,434 0 0
NYSE EURONEXT COM 629491101 434 10,490 SH   SOLE   10,490 0 0
OLD REP INTL CORP COM 680223104 137 10,649 SH   SOLE   10,649 0 0
PACTERA TECHNOLOGY INTL LTD SPONSORED ADR 695255109 97 14,359 SH   SOLE   14,359 0 0
PARTNERRE LTD COM G6852T105 213 2,347 SH   SOLE   2,347 0 0
PENN VA CORP COM 707882106 361 76,714 SH   SOLE   76,714 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 207 13,884 SH   SOLE   13,884 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 707 6,390 SH   SOLE   6,390 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 652 6,350 SH   SOLE   6,350 0 0
PIMCO ETF TR TOTL RETN ETF 72201R775 5,274 50,000 SH   DFND 1 50,000 0 0
PLUM CREEK TIMBER CO INC COM 729251108 312 6,675 SH   SOLE   6,675 0 0
PNC FINL SVCS GROUP INC COM 693475105 1,593 21,840 SH   SOLE   21,840 0 0
POWERSHARES ETF TRUST DYN PHRMA PORT 73935X799 4,353 103,000 SH   DFND 1 103,000 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 1,480 59,779 SH   SOLE   59,779 0 0
POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT 73936T573 482 17,632 SH   SOLE   17,632 0 0
POWERSHARES INDIA ETF TR INDIA PORT 73935L100 9,022 544,484 SH   SOLE   544,484 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 2,172 30,500 SH   DFND 1 30,500 0 0
PRICE T ROWE GROUP INC COM 74144T108 771 10,535 SH   SOLE   10,535 0 0
PRINCIPAL FINL GROUP INC COM 74251V102 580 15,499 SH   SOLE   15,499 0 0
PROGRESSIVE CORP OHIO COM 743315103 709 27,890 SH   SOLE   27,890 0 0
PROLOGIS INC COM 74340W103 776 20,568 SH   SOLE   20,568 0 0
PRUDENTIAL FINL INC COM 744320102 1,409 19,296 SH   SOLE   19,296 0 0
PUBLIC STORAGE COM 74460D109 902 5,885 SH   SOLE   5,885 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 148 27,660 SH   DFND 1 27,660 0 0
QEP RES INC COM 74733V100 334 12,006 SH   SOLE   12,006 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 284 6,152 SH   SOLE   6,152 0 0
QUESTAR CORP COM 748356102 347 14,569 SH   SOLE   14,569 0 0
QUESTCOR PHARMACEUTICALS INC COM 74835Y101 301 6,616 SH   DFND 1 6,616 0 0
QUICKSILVER RESOURCES INC COM 74837R104 301 179,393 SH   SOLE   179,393 0 0
RANGE RES CORP COM 75281A109 373 4,818 SH   SOLE   4,818 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 200 4,662 SH   SOLE   4,662 0 0
RAYONIER INC COM 754907103 278 5,026 SH   SOLE   5,026 0 0
REALTY INCOME CORP COM 756109104 338 8,054 SH   SOLE   8,054 0 0
REGIONS FINL CORP NEW COM 7591EP100 556 58,336 SH   SOLE   58,336 0 0
REINSURANCE GROUP AMER INC COM 759351604 209 3,028 SH   SOLE   3,028 0 0
SANDISK CORP COM 80004C101 402 6,574 SH   SOLE   6,574 0 0
SCHWAB CHARLES CORP NEW COM 808513105 943 44,399 SH   SOLE   44,399 0 0
SCHWAB STRATEGIC TR US SML CAP ETF 808524607 11,006 250,200 SH   DFND 1 250,200 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 19,647 412,666 SH   SOLE   412,666 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 36,795 469,568 SH   SOLE   469,568 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,502 77,060 SH   DFND 1 77,060 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 416 10,854 SH   SOLE   10,854 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 5,329 174,200 SH   SOLE   174,200 0 0
SEMICONDUCTOR MFG INTL CORP SPONSORED ADR 81663N206 178 48,750 SH   SOLE   48,750 0 0
SHANDA GAMES LTD SP ADR REPTG A 81941U105 66 16,799 SH   SOLE   16,799 0 0
SIMON PPTY GROUP INC NEW COM 828806109 2,028 12,845 SH   SOLE   12,845 0 0
SIRIUS XM RADIO INC COM 82967N108 47 13,900 SH   SOLE   13,900 0 0
SL GREEN RLTY CORP COM 78440X101 324 3,673 SH   SOLE   3,673 0 0
SLM CORP COM 78442P106 436 19,084 SH   SOLE   19,084 0 0
SOUTHWESTERN ENERGY CO COM 845467109 354 9,682 SH   SOLE   9,682 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 1,443 9,700 SH   DFND 1 9,700 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 31,953 199,691 SH   SOLE   199,691 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 2,753 13,085 SH   SOLE   13,085 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 3,197 80,963 SH   SOLE   80,963 0 0
SPDR SERIES TRUST BRCLYS 1-3MT ETF 78464A680 2,840 62,000 SH   DFND 1 62,000 0 0
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 1,097 19,500 SH   DFND 1 19,500 0 0
SPDR SERIES TRUST BRCLYS INTL BRCLYS INTL ETF 78464A516 1,899 33,741 SH   SOLE   33,741 0 0
SPDR SERIES TRUST S&P BK ETF 78464A797 4,573 159,224 SH   DFND 1 159,224 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 2,337 68,992 SH   DFND 1 68,992 0 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 5,892 76,903 SH   DFND 1 76,903 0 0
SPREADTRUM COMMUNICATIONS IN ADR 849415203 213 8,110 SH   SOLE   8,110 0 0
STARZ COM SER A 85571Q102 286 12,946 SH   DFND 1 12,946 0 0
STATE STR CORP COM 857477103 1,231 18,875 SH   SOLE   18,875 0 0
STATOIL ASA SPONSORED ADR 85771P102 328 15,850 SH   SOLE   15,850 0 0
SUNPOWER CORP COM 867652406 207 10,014 SH   DFND 1 10,014 0 0
SUNTRUST BKS INC COM 867914103 702 22,224 SH   SOLE   22,224 0 0
SYNOVUS FINL CORP COM 87161C105 94 32,251 SH   SOLE   32,251 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 632 34,499 SH   SOLE   34,499 0 0
TALISMAN ENERGY INC COM 87425E103 349 30,499 SH   SOLE   30,499 0 0
TD AMERITRADE HLDG CORP COM 87236Y108 231 9,516 SH   SOLE   9,516 0 0
TEMPLETON EMERG MKTS INCOME COM 880192109 157 10,526 SH   DFND 1 10,526 0 0
TESORO CORP COM 881609101 200 3,827 SH   DFND 1 3,827 0 0
TEXAS INSTRS INC COM 882508104 681 19,530 SH   SOLE   19,530 0 0
THOMSON REUTERS CORP COM 884903105 495 15,205 SH   SOLE   15,205 0 0
TORCHMARK CORP COM 891027104 251 3,856 SH   SOLE   3,856 0 0
TRAVELERS COMPANIES INC COM 89417E109 1,284 16,064 SH   SOLE   16,064 0 0
TRINA SOLAR LIMITED SPON ADR 89628E104 92 15,399 SH   SOLE   15,399 0 0
UDR INC COM 902653104 259 10,149 SH   SOLE   10,149 0 0
ULTRA PETROLEUM CORP COM 903914109 348 17,537 SH   SOLE   17,537 0 0
UNUM GROUP COM 91529Y106 327 11,139 SH   SOLE   11,139 0 0
US BANCORP DEL COM 902973304 2,828 78,230 SH   SOLE   78,230 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 5,118 63,275 SH   DFND 1 63,275 0 0
VANGUARD INDEX FDS REIT ETF 922908553 39,447 574,029 SH   SOLE   574,029 0 0
VANGUARD INDEX FDS S&P 500 ETF SH 922908413 2,136 29,100 SH   DFND 1 29,100 0 0
VANGUARD INDEX FDS SML CP GRW ETF 922908595 11,015 107,000 SH   DFND 1 107,000 0 0
VANGUARD INDEX FDS VALUE ETF 922908744 2,173 32,100 SH   DFND 1 32,100 0 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 484 9,070 SH   SOLE   9,070 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 765 15,881 SH   SOLE   15,881 0 0
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 2,179 38,600 SH   DFND 1 38,600 0 0
VANGUARD WORLD FDS INF TECH ETF 92204A702 2,184 29,528 SH   DFND 1 29,528 0 0
VENTAS INC COM 92276F100 829 11,941 SH   SOLE   11,941 0 0
VISA INC COM CL A 92826C839 3,960 21,669 SH   SOLE   21,669 0 0
VORNADO RLTY TR SH BEN INT 929042109 636 7,676 SH   SOLE   7,676 0 0
WELLS FARGO & CO NEW COM 949746101 8,352 202,381 SH   SOLE   202,381 0 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 149 10,157 SH   DFND 1 10,157 0 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 146 12,342 SH   DFND 1 12,342 0 0
WESTERN ASSET HIGH INCM FD I COM 95766J102 148 16,099 SH   DFND 1 16,099 0 0
WESTERN DIGITAL CORP COM 958102105 348 5,612 SH   DFND 1 5,612 0 0
WESTERN UN CO COM 959802109 404 23,623 SH   SOLE   23,623 0 0
WEYERHAEUSER CO COM 962166104 633 22,203 SH   SOLE   22,203 0 0
XILINX INC COM 983919101 361 9,125 SH   SOLE   9,125 0 0
XL GROUP PLC SHS G98290102 369 12,173 SH   SOLE   12,173 0 0
YANZHOU COAL MNG CO LTD SPON ADR H SHS 984846105 149 20,989 SH   SOLE   20,989 0 0
YINGLI GREEN ENERGY HLDG CO ADR 98584B103 82 25,403 SH   SOLE   25,403 0 0
YOUKU TUDOU INC SPONSORED ADR 98742U100 219 11,398 SH   SOLE   11,398 0 0
ZIONS BANCORPORATION COM 989701107 220 7,608 SH   SOLE   7,608 0 0
SUNEDISON INC COM 86732Y109 91 11,174 SH   SOLE   11,174 0 0