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
ABBVIE INC - WHEN ISSUE COM 00287Y109 727 12,883 SH   SOLE   12,883 0 0
ADT CORP COM 00101J106 753 21,562 SH   SOLE   21,562 0 0
AGL RESOURCES INC COM 001204106 77 1,400 SH   OTR 1 0 1,400 0
AIRGAS INC COM 009363102 54 500 SH   OTR 1 0 500 0
ALLEGION PLC ORD SHS 00BFRT3W7 744 13,118 SH   SOLE   13,118 0 0
ALPS EQ HIGH VOLATILITY PU US EQTHIVOLPT WR 00162Q734 13,127 535,574 SH   SOLE   535,574 0 0
ALTISOURCE ASSET MANAGEMENT COM 02153X108 423 585 SH   SOLE   585 0 0
ALTISOURCE RESIDENTIAL CORP CL B 02153W100 386 14,818 SH   SOLE   14,818 0 0
ALTRIA GROUP INC COM 02209S103 306 7,300 SH   OTR 1 0 7,300 0
AMERICAN TOWER CORPORATION COM 03027X100 17,434 193,752 SH   SOLE 2 193,752 0 0
AMERISOURCEBERGEN CORP COM 03073E105 254 3,500 SH   OTR 1 0 3,500 0
APARTMENT INVT & MGMT CO -A CL A 03748R101 242 7,500 SH   OTR 1 0 7,500 0
APPLE INC COM 037833100 260 2,800 SH   OTR 1 0 2,800 0
AT&T INC COM 00206R102 407 11,500 SH   OTR 1 0 11,500 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 417 20,572 SH   SOLE   20,572 0 0
AUTOMATIC DATA PROCESSING COM 053015103 246 3,100 SH   OTR 1 0 3,100 0
AVALONBAY COMMUNITIES INC COM 053484101 498 3,500 SH   OTR 1 0 3,500 0
BAXTER INTERNATIONAL INC COM 071813109 325 4,500 SH   OTR 1 0 4,500 0
BECTON DICKINSON & CO COM 075887109 248 2,100 SH   OTR 1 0 2,100 0
BEMIS COMPANY COM 081437105 248 6,100 SH   OTR 1 0 6,100 0
BOSTON PROPERTIES INC COM 101121101 83 700 SH   OTR 1 0 700 0
BROOKFIELD PROPERTY PARTNERS UNIT LTD PARTN 162491077 734 35,164 SH   SOLE   35,164 0 0
C.H. ROBINSON WORLDWIDE INC COM NEW 12541W209 506 7,927 SH   OTR 1 0 7,927 0
CAMPBELL SOUP CO COM 134429109 170 3,700 SH   OTR 1 0 3,700 0
CARDINAL HEALTH INC COM 14149Y108 75 1,100 SH   OTR 1 0 1,100 0
CENTURYLINK INC COM 156700106 413 11,400 SH   OTR 1 0 11,400 0
CHEVRON CORP COM 166764100 196 1,500 SH   OTR 1 0 1,500 0
CHUBB CORP COM 171232101 230 2,500 SH   OTR 1 0 2,500 0
CIGNA CORP COM 125509109 377 4,100 SH   OTR 1 0 4,100 0
CINCINNATI FINANCIAL CORP COM 172062101 163 3,400 SH   OTR 1 0 3,400 0
CISCO SYSTEMS INC COM 17275R102 495 19,900 SH   OTR 1 0 19,900 0
CLOROX COMPANY COM 189054109 494 5,400 SH   OTR 1 0 5,400 0
COLGATE-PALMOLIVE CO COM 194162103 491 7,200 SH   OTR 1 0 7,200 0
CONAGRA FOODS INC COM 205887102 214 7,200 SH   OTR 1 0 7,200 0
CONOCOPHILLIPS COM 20825C104 129 1,500 SH   OTR 1 0 1,500 0
CONSOLIDATED EDISON INC COM 209115104 219 3,800 SH   OTR 1 0 3,800 0
CONSUMER DISCRETIONARY SELT SBI CONS DISCR 81369Y407 2,445 36,632 SH   SOLE   25,698 0 10,934
COSTCO WHOLESALE CORP COM 22160K105 484 4,200 SH   OTR 1 0 4,200 0
CROWN CASTLE INTL CORP COM 228227104 215 2,900 SH   OTR 1 0 2,900 0
CST BRANDS INC COM 12646R105 670 19,422 SH   SOLE   19,422 0 0
DAVITA HEALTHCARE PARTNERS INC COM 23918K108 347 4,800 SH   OTR 1 0 4,800 0
DENBURY RESOURCES INC COM NEW 247916208 447 24,200 SH   OTR 1 0 24,200 0
DENTSPLY INTERNATIONAL INC COM 249030107 80 1,700 SH   OTR 1 0 1,700 0
DIREXION DLY 20+Y TR BEAR 3X 20YR TRES BEAR 25459Y678 6,342 131,379 SH   SOLE   131,379 0 0
DOLLAR GENERAL CORP COM 256677105 224 3,900 SH   OTR 1 0 3,900 0
DOLLAR TREE INC COM 256746108 496 9,100 SH   OTR 1 0 9,100 0
DOMINION RESOURCES INC/VA COM 25746U109 243 3,400 SH   OTR 1 0 3,400 0
DR PEPPER SNAPPLE GROUP INC COM 26138E109 129 2,200 SH   OTR 1 0 2,200 0
DTE ENERGY COMPANY COM 233331107 241 3,100 SH   OTR 1 0 3,100 0
EDISON INTERNATIONAL COM 281020107 12 200 SH   OTR 1 0 200 0
EMC CORP/MASS COM 268648102 348 13,200 SH   OTR 1 0 13,200 0
ENERGY SELECT SECTOR SPDR SBI INT-ENERGY 81369Y506 4,600 45,956 SH   SOLE   31,958 0 13,998
ENGILITY HOLDINGS INC COM 29285W104 171 4,462 SH   SOLE   4,462 0 0
ENTERGY CORP COM 29364G103 509 6,200 SH   OTR 1 0 6,200 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 233 3,700 SH   OTR 1 0 3,700 0
ERA GROUP INC COM 26885G109 149 5,205 SH   SOLE   5,205 0 0
EXELON CORP COM 30161N101 208 5,700 SH   OTR 1 0 5,700 0
EXPEDITORS INTL WASH INC COM 302130109 155 3,500 SH   OTR 1 0 3,500 0
EXPRESS SCRIPTS HOLDING CO COM 30219G108 90 1,300 SH   OTR 1 0 1,300 0
EXXON MOBIL CORP COM 30231G102 252 2,500 SH   OTR 1 0 2,500 0
FAMILY DOLLAR STORES COM 307000109 212 3,200 SH   OTR 1 0 3,200 0
FIESTA RESTAURANT GROUP-W/I COM 31660B101 319 6,864 SH   SOLE   6,864 0 0
FINANCIAL SELECT SECTOR SPDR SBI INT-FINL 81369Y605 7,677 337,616 SH   SOLE   234,798 0 102,818
FIRST TRUST NASDAQ GLOBAL AU AUTO INDEX FD 33734X309 11,432 280,325 SH   SOLE   119,447 0 160,878
FTD COS INC COM 30281V108 153 4,807 SH   SOLE   4,807 0 0
GENERAL MILLS INC COM 370334104 231 4,400 SH   OTR 1 0 4,400 0
GLOBAL X GURU INDEX ETF GLB X GURU INDEX 37950E341 21,794 823,977 SH   SOLE   572,435 0 251,542
GUGGENHEIM CHINA SMALL CAP E GUGG CHN SML CAP 18383Q853 5,267 208,913 SH   SOLE   208,913 0 0
GUGGENHEIM ENHANCED SHORT DU GUGG ENH SHT DUR 18383M654 29,549 587,231 SH   SOLE   587,231 0 0
HARVARD APPARATUS REGENERATIVE TECHNOLOGY COM 41690A106 19 1,810 SH   SOLE   1,810 0 0
HCP INC COM 40414L109 497 12,000 SH   OTR 1 0 12,000 0
HEALTH CARE REIT INC COM 42217K106 464 7,400 SH   OTR 1 0 7,400 0
HEALTH CARE SELECT SECTOR SBI HEALTHCARE 81369Y209 4,402 72,358 SH   SOLE   50,112 0 22,246
HERSHEY CO/THE COM 427866108 224 2,300 SH   OTR 1 0 2,300 0
HEWLETT-PACKARD CO COM 428236103 37 1,100 SH   OTR 1 0 1,100 0
HORMEL FOODS CORP COM 440452100 247 5,000 SH   OTR 1 0 5,000 0
HUDSON CITY BANCORP INC COM 443683107 481 48,900 SH   OTR 1 0 48,900 0
HUMANA INC COM 444859102 370 2,900 SH   OTR 1 0 2,900 0
HYSTER-YAL MATERIALS - W/I CL A 449172105 375 4,239 SH   SOLE   4,239 0 0
INDUSTRIAL SELECT SECT SPDR SBI INT-INDS 81369Y704 4,549 84,149 SH   SOLE   58,114 0 26,035
INTEL CORP COM 458140100 352 11,400 SH   OTR 1 0 11,400 0
INTUIT INC COM 461202103 97 1,200 SH   OTR 1 0 1,200 0
ISHARES 20+ YEAR TREASURY BOND ETF 20+ YR TR BD ETF 464287432 10,211 89,950 SH   SOLE 2 89,950 0 0
ISHARES 7-10 YEAR TREASURY BOND ETF 7-10 Y TR BD ETF 464287440 13,462 129,971 SH   SOLE 2 129,971 0 0
ISHARES CORE S&P 500 ETF CORE S&P500 ETF 464287200 6,582 33,413 SH   SOLE   0 0 33,413
ISHARES CORE US AGGREGATE BOND ETF CORE TOTUSBD ETF 464287226 26,828 245,233 SH   SOLE 2 245,233 0 0
ISHARES IBOXX $ INVESTMENT GRADE CORP BD IBOXX INV CP ETF 464287242 3,370 28,255 SH   SOLE 2 28,255 0 0
ISHARES MSCI EAFE ETF MSCI EAFE ETF 464287465 9,104 133,150 SH   SOLE 2 133,150 0 0
ISHARES MSCI FRONTIER 100 MSCI FRNTR100ETF 464286145 4,992 138,408 SH   SOLE   138,408 0 0
ISHARES MSCI PHILIPPINES MSCI PHILIPS ETF 46429B408 636 17,276 SH   SOLE   17,276 0 0
ISHARES MSCI POLAND CAPPED E MSCI POL CAP ETF 46429B606 4,996 170,223 SH   SOLE   170,223 0 0
ISHARES MSCI SPAIN CAPPED ET MSCI SPAN CP ETF 464286764 5,270 123,081 SH   SOLE   123,081 0 0
ISHARES NORTH AMERICAN TECH- NA TEC-SFTWR ETF 464287515 2,194 25,506 SH   SOLE   17,808 0 7,698
ISHARES RUSSELL 1000 ETF RUS 1000 ETF 464287622 6,699 60,836 SH   SOLE 2 60,836 0 0
ISHARES RUSSELL 3000 ETF RUSSELL 3000 ETF 464287689 6,704 56,935 SH   SOLE 2 56,935 0 0
ISHARES RUSSELL MIDCAP INDEX RUS MID-CAP ETF 464287499 1,584 9,746 SH   SOLE   0 0 9,746
ISHARES U.S. AEROSPACE & DEF U.S. AER&DEF ETF 464288760 2,468 22,882 SH   SOLE   15,845 0 7,037
ISHARES US HOME CONSTRUCTION US HOME CONS ETF 464288752 36,463 1,470,290 SH   SOLE   759,673 0 710,617
ISHARES USTECHNOLOGY ETF U.S. TECH ETF 464287721 8,615 88,919 SH   SOLE   61,925 0 26,994
JM SMUCKER CO/THE-NEW COMMON COM NEW 832696405 213 2,000 SH   OTR 1 0 2,000 0
JOHNSON & JOHNSON COM 478160104 262 2,500 SH   OTR 1 0 2,500 0
KELLOGG CO COM 487836108 348 5,300 SH   OTR 1 0 5,300 0
KIMBERLY-CLARK CORP COM 494368103 478 4,300 SH   OTR 1 0 4,300 0
KIMCO REALTY CORP COM 49446R109 484 21,078 SH   OTR 1 0 21,078 0
KRAFT FOODS GROUP INC COM 50076Q106 724 12,083 SH   SOLE   12,083 0 0
LABORATORY CRP OF AMER HLDGS COM NEW 50540R409 502 4,900 SH   OTR 1 0 4,900 0
LIBERTY MEDIA CORP CL A 531229102 741 5,418 SH   SOLE   5,418 0 0
M & T BANK CORP COM 55261F104 335 2,700 SH   OTR 1 0 2,700 0
MALLINCKRODT SHS 00BBJTYC4 758 9,471 SH   SOLE   9,471 0 0
MARATHON OIL CORP COM 565849106 447 11,200 SH   OTR 1 0 11,200 0
MARKET VECTORS AFRICA INDEX AFRICA ETF 57060U787 4,387 133,070 SH   SOLE   133,070 0 0
MARSH & MCLENNAN COS COM 571748102 259 5,000 SH   OTR 1 0 5,000 0
MCCORMICK & CO-NON VTG SHRS COM NON VTG 579780206 451 6,300 SH   OTR 1 0 6,300 0
MCDONALD'S CORP COM 580135101 473 4,700 SH   OTR 1 0 4,700 0
MCKESSON CORP COM 58155Q103 149 800 SH   OTR 1 0 800 0
MICROCHIP TECHNOLOGY INC COM 595017104 264 5,400 SH   OTR 1 0 5,400 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 493 7,400 SH   OTR 1 0 7,400 0
MURPHY USA INC-W/I COM 626755102 595 12,177 SH   SOLE   12,177 0 0
NETAPP INC COM 64110D104 208 5,700 SH   OTR 1 0 5,700 0
NEW RESIDENTIAL INVESTMENT COM 64828T102 457 72,514 SH   SOLE   72,514 0 0
NEWS CORP-NEW CL A CL A 65249B109 721 40,205 SH   SOLE   40,205 0 0
NORDSTROM INC COM 655664100 251 3,700 SH   OTR 1 0 3,700 0
NORTHEAST UTILITIES COM 664397106 180 3,800 SH   OTR 1 0 3,800 0
NOVACOPPER INC COM 66988K102 16 14,342 SH   SOLE   14,342 0 0
NRG ENERGY INC COM NEW 629377508 495 13,300 SH   OTR 1 0 13,300 0
OCCIDENTAL PETROLEUM CORP COM 674599105 31 300 SH   OTR 1 0 300 0
ONEOK INC COM 682680103 511 7,500 SH   OTR 1 0 7,500 0
PATTERSON COS INC COM 703395103 466 11,800 SH   OTR 1 0 11,800 0
PAYCHEX INC COM 704326107 484 11,646 SH   OTR 1 0 11,646 0
PEOPLE'S UNITED FINANCIAL COM 712704105 338 22,300 SH   OTR 1 0 22,300 0
PEPCO HOLDINGS INC COM 713291102 96 3,500 SH   OTR 1 0 3,500 0
PETSMART INC COM 716768106 54 900 SH   OTR 1 0 900 0
PHILIP MORRIS INTERNATIONAL COM 718172109 93 1,100 SH   OTR 1 0 1,100 0
PHILLIPS 66 COM 718546104 686 8,530 SH   SOLE   8,530 0 0
PIMCO ENHANCED SHORT MATURIT ENHAN SHRT MAT 72201R833 29,509 291,011 SH   SOLE   291,011 0 0
PINNACLE WEST CAPITAL COM 723484101 139 2,400 SH   OTR 1 0 2,400 0
PLUM CREEK TIMBER CO COM 729251108 415 9,200 SH   OTR 1 0 9,200 0
POST HOLDINGS INC COM 737446104 580 11,386 SH   SOLE   11,386 0 0
POWERSHARES KBW BANK KBW BK PORT 73937B746 12,906 352,614 SH   SOLE   352,614 0 0
POWERSHARES S&P 500 BUYWRITE S&P 500 BUYWRT 73936G308 12,107 566,003 SH   SOLE   566,003 0 0
POWERSHARES S&P 500 LOW VOLA S&P500 LOW VOL 73937B779 67 1,869 SH   OTR 1 0 1,869 0
POWERSHARES S&P SC INFO TECH S&P SMCP IT PO 73937B860 9,026 192,443 SH   SOLE   120,482 0 71,961
PRAXAIR INC COM 74005P104 213 1,600 SH   OTR 1 0 1,600 0
PROCTER & GAMBLE CO COM 742718109 71 900 SH   OTR 1 0 900 0
PROGRESSIVE CORP COM 743315103 48 1,900 SH   OTR 1 0 1,900 0
PROSHARES ULTRASHORT EURO ULTRASHRT EURO 74347W882 9,160 537,233 SH   SOLE   537,233 0 0
PROSHARES ULTRASHORT YEN ULTRASHORT YEN N 74347W569 5,028 77,477 SH   SOLE   77,477 0 0
PROTHENA CORP PLC SHS 00B91XRN2 122 5,427 SH   SOLE   5,427 0 0
PUBLIC SERVICE ENTERPRISE GP COM 744573106 224 5,500 SH   OTR 1 0 5,500 0
PUBLIC STORAGE COM 74460D109 468 2,734 SH   OTR 1 0 2,734 0
QUALCOMM INC COM 747525103 135 1,700 SH   OTR 1 0 1,700 0
QUEST DIAGNOSTICS COM 74834L100 329 5,600 SH   OTR 1 0 5,600 0
REYNOLDS AMERICAN INC COM 761713106 223 3,700 SH   OTR 1 0 3,700 0
ROUSE PROPERTIES INC. COM 779287101 253 14,812 SH   SOLE   14,812 0 0
SCANA CORP COM 80589M102 226 4,200 SH   OTR 1 0 4,200 0
SCIENCE APPLICATIONS INTE COM 808625107 557 12,603 SH   SOLE   12,603 0 0
SIBANYE GOLD- SPON ADR SPONSORED ADR 825724206 2,559 232,036 SH   SOLE   232,036 0 0
SIGMA-ALDRICH COM 826552101 355 3,500 SH   OTR 1 0 3,500 0
SILVER BAY REALTY TRUST CO COM 82735Q102 162 9,939 SH   SOLE   9,939 0 0
SIMON PROPERTY GROUP INC COM 828806109 449 2,700 SH   OTR 1 0 2,700 0
SOUTHERN CO COM 842587107 503 11,091 SH   OTR 1 0 11,091 0
SOUTHWESTERN ENERGY CO COM 845467109 264 5,800 SH   OTR 1 0 5,800 0
SPDR BARCLAYS HIGH YIELD BOND ETF BRC HGH YLD BD 78464A417 6,682 160,133 SH   SOLE 2 160,133 0 0
SPDR KBW REGIONAL BANKING ET S&P REGL BKG 78464A698 24,075 597,089 SH   SOLE   268,775 0 328,314
SPDR S&P HOMEBUILDERS ETF S&P HOMEBUILD 78464A888 5,172 157,921 SH   SOLE   157,921 0 0
SPDR S&P SOFTWARE & SER ETF COMP SOFTWARE 78464A599 2,208 24,951 SH   SOLE   17,453 0 7,498
SPECTRA ENERGY CORP COM 847560109 501 11,800 SH   OTR 1 0 11,800 0
STERICYCLE INC COM 858912108 497 4,200 SH   OTR 1 0 4,200 0
STRAIGHT PATH COMMUNICATIONS INC CL B 862578101 31 3,059 SH   SOLE   3,059 0 0
STRYKER CORP COM 863667101 135 1,600 SH   OTR 1 0 1,600 0
SYSCO CORP COM 871829107 438 11,700 SH   OTR 1 0 11,700 0
TARGET CORP COM 87612E106 226 3,900 SH   OTR 1 0 3,900 0
TECO ENERGY INC COM 872375100 218 11,800 SH   OTR 1 0 11,800 0
THE INTERPUBLIC GROUP OF COMPANIES COM 460690100 148 7,584 SH   SOLE 2 7,584 0 0
TORCHMARK CORP COM 891027104 188 2,300 SH   OTR 1 0 2,300 0
TRAVELERS COS INC/THE COM 89417E109 489 5,200 SH   OTR 1 0 5,200 0
TRIPADVISOR INC COM 896945201 751 6,915 SH   SOLE   6,915 0 0
UNITED PARCEL SERVICE-CL B CL B 911312106 308 3,000 SH   OTR 1 0 3,000 0
UNITEDHEALTH GROUP INC COM 91324P102 270 3,300 SH   OTR 1 0 3,300 0
US BANCORP COM NEW 902973304 61 1,400 SH   OTR 1 0 1,400 0
VANGUARD FTSE DEVELOPED MARKETS ETF FTSE DEV MKT ETF 921943858 3,953 92,817 SH   SOLE 2 92,817 0 0
VANGUARD INFO TECH ETF INF TECH ETF 92204A702 24,188 249,903 SH   SOLE   170,577 0 79,326
VANGUARD REIT INDEX FUND ETF REIT ETF 922908553 6,676 89,200 SH   SOLE 2 89,200 0 0
VANGUARD TELECOM SERVICE ETF TELCOMM ETF 92204A884 3,655 41,549 SH   SOLE   28,563 0 12,986
VANGUARD TOTAL BOND MARKET INDEX F TOTAL BND MRKT 921937835 26,835 326,383 SH   SOLE 2 326,383 0 0
VANGUARD US TOTAL STOCK MKT TOTAL STK MKT 922908769 13,373 131,406 SH   SOLE 2 131,406 0 0
VANGUARD US TOTAL STOCK MKT TOTAL STK MKT 922908769 11,983 117,741 SH   SOLE   52,921 0 64,820
VANGUARD VALUE ETF VALUE ETF 922908744 9,771 120,706 SH   SOLE   0 0 120,706
VARIAN MEDICAL SYSTEMS INC COM 92220P105 125 1,500 SH   OTR 1 0 1,500 0
VERISIGN INC COM 92343E102 190 3,900 SH   OTR 1 0 3,900 0
VERIZON COMMUNICATIONS INC COM 92343V104 401 8,200 SH   OTR 1 0 8,200 0
WAL-MART STORES INC COM 931142103 450 6,000 SH   OTR 1 0 6,000 0
WELLPOINT INC COM 94973V107 108 1,000 SH   OTR 1 0 1,000 0
WHITEWAVE FOODS CO - A COM CL A 966244105 715 22,098 SH   SOLE   22,098 0 0
WINDSTREAM CORP COM 97382A101 290 29,100 SH   OTR 1 0 29,100 0
WISDOMTREE EUR S/C DIVIDEND EUROPE SMCP DV 97717W869 4,996 82,682 SH   SOLE   82,682 0 0
WISDOMTREE EUROPE HEDGED EQU EUROPE HEDGED EQ 97717X701 10,482 179,389 SH   SOLE   179,389 0 0
WISDOMTREE JAPAN HEDGED EQ JAPN HEDGE EQT 97717W851 24,260 491,490 SH   SOLE   491,490 0 0
WPX ENERGY INC COM 98212B103 788 32,937 SH   SOLE   32,937 0 0
XCEL ENERGY INC COM 98389B100 161 5,000 SH   OTR 1 0 5,000 0
ZOETIS INC CL A 98978V103 265 8,200 SH   OTR 1 0 8,200 0
ZOETIS INC CL A 98978V103 727 22,538 SH   SOLE   22,538 0 0