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
CAMBIUM LEARNING GRP INC COM ETF 13201A107 5 1,000 SH   SOLE   1,000 0 0
ALLIANCEBERNSTEIN INCOME FUND ETF 01881E101 42 5,290 SH   SOLE   5,290 0 0
ISHARES MSCI ACWI INDEX MSCI A ETF 464288257 63 1,172 SH   SOLE   1,172 0 0
ALLIANCEBERNSTEIN NATL MUNI IN ETF 01864U106 12 915 SH   SOLE   915 0 0
ISHARES CORE TOTAL ETF US BOND ETF 464287226 20,940 191,097 SH   SOLE   191,097 0 0
JP MORGAN EXCH TRADED NT ALERI ETF 46625H365 5,096 167,695 SH   SOLE   167,695 0 0
ALPS ETF TR ALERIAN MLP ETF ETF 00162Q866 19 1,500 SH   SOLE   1,500 0 0
BABSON CAP GLOBAL SHORT DURATI ETF 05617T100 69 4,000 SH   SOLE   4,000 0 0
MARKET VECTORS ETF TR BUSINESS ETF 57060U316 16 1,000 SH   SOLE   1,000 0 0
BLACKROCK INCOME TR INC COM ETF 09247F100 59 9,403 SH   SOLE   9,403 0 0
VANGUARD TOTAL BOND MARKET ETF ETF 921937835 46 564 SH   SOLE   564 0 0
PIMCO ETF TR TOTAL RETURN EXCH ETF 72201R775 36 340 SH   SOLE   340 0 0
CLAYMORE EXCHANGE-TRADED FD TR ETF 18383M423 50 1,950 SH   SOLE   1,950 0 0
VANGUARD BD INDEX FD INC SHORT ETF 921937827 91 1,128 SH   SOLE   1,128 0 0
NUVEEN S&P 500 BUY-WRITE INCOM ETF 6706ER101 26 2,111 SH   SOLE   2,111 0 0
CLEARBRIDGE ENERGY MLP FD INC ETF 184692101 21 1,230 SH   SOLE   1,230 0 0
CALAMOS CONV OPP AND INC FD SH ETF 128117108 47 4,721 SH   SOLE   4,721 0 0
ISHARES TR BARCLYS 1-3YR CR ETF 464288646 97 926 SH   SOLE   926 0 0
SPDR MSCI ACWI EX-US ETF 78463X848 290 9,541 SH   SOLE   9,541 0 0
POWERSHS DB COMMDTY INDX ETF 73935S105 277 18,313 SH   SOLE   18,313 0 0
WISDOMTREE TR EUROPE SMALLCAP ETF 97717W869 17 307 SH   SOLE   307 0 0
WISDOMTREE TR EQUITY INCOME FD ETF 97717W208 256 4,600 SH   SOLE   4,600 0 0
SPDR DOW JONES INDL AVERAGE TR ETF 78467X109 56 344 SH   SOLE   344 0 0
GLOBAL X FDS GLOBAL X SUPERDIV ETF 37950E291 82 3,410 SH   SOLE   3,410 0 0
BARCLAYS BANK IPATH ETN DJ UBS ETF 06738C778 11,284 461,519 SH   SOLE   461,519 0 0
PROSHARES SHORT DOW ETF 30 ETF 74347R701 17 700 SH   SOLE   700 0 0
DOUBLELINE INCOME SOLUTIONS FD ETF 258622109 9 500 SH   SOLE   500 0 0
BLACKROCK DEBT STRATEGIES FUND ETF 09255R103 5 1,500 SH   SOLE   1,500 0 0
ISHARES TRUST DOW JONES SELECT ETF 464287168 1,370 18,834 SH   SOLE   18,834 0 0
WISDOMTREE JPN HDGD EQTY JAPAN ETF 97717W851 278 5,718 SH   SOLE   5,718 0 0
VANGUARD EXTENDED DURATION TRE ETF 921910709 0 2 SH   SOLE   2 0 0
ISHARES MSCI EMRG MKT FD EMERG ETF 464287234 190 5,789 SH   SOLE   5,789 0 0
ISHARES TR MSCI EAFE FD MSCI E ETF 464287465 78,233 1,364,852 SH   SOLE   1,364,852 0 0
EATON VANCE FLTING RATE INC TR ETF 278279104 46 3,500 SH   SOLE   3,500 0 0
ISHARES JPMORGAN EMERGING MARK ETF 464288281 59 558 SH   SOLE   558 0 0
ISHARES INC EMERGING MKTS HIGH ETF 464286285 16 354 SH   SOLE   354 0 0
EATON VANCE ENH EQTY INC FD II ETF 278277108 79 6,225 SH   SOLE   6,225 0 0
PROSHARES TR ULTRASHORT FTSE E ETF 74348A434 6 90 SH   SOLE   90 0 0
EATON VANCE TAX MANAGED ETF 27828N102 39 3,822 SH   SOLE   3,822 0 0
EATON VANCE MUNI TR NATL ETF 27826U108 26 2,033 SH   SOLE   2,033 0 0
ISHARES MSCI SWEDEN INDEX FD ETF 464286756 22 768 SH   SOLE   768 0 0
ISHARES INC MSCI HONG KONG ETF 464286871 23 1,190 SH   SOLE   1,190 0 0
ISHARES MSCI JAPAN ETF INDEX ETF 464286848 4 370 SH   SOLE   370 0 0
ISHARES MSCI SWITZERLAND INDEX ETF 464286749 23 742 SH   SOLE   742 0 0
ISHARES MSCI SPAIN INDEX FD ETF 464286764 22 742 SH   SOLE   742 0 0
ISHARES INC MSCI SINGAPORE ETF 464286673 23 2,213 SH   SOLE   2,213 0 0
ISHARES INC MSCI TAIWAN ETF 464286731 26 1,946 SH   SOLE   1,946 0 0
PROSHARES TR ULTRASHORT MSCI J ETF 74348A459 6 100 SH   SOLE   100 0 0
ISHARES MSCI MSCI S KOREA IND ETF 464286772 24 487 SH   SOLE   487 0 0
WISDOMTREE TR LARGECAP VALUE F ETF 97717W547 31 500 SH   SOLE   500 0 0
DIREXION SHS ETF TR DAILY FINL ETF 25459Y694 3 100 SH   SOLE   100 0 0
FLAHERTY & CRMN/CLYMR PFD SEC ETF 338478100 33 1,770 SH   SOLE   1,770 0 0
ISHARES TR FLTG RATE NT ETF ETF 46429B655 32 641 SH   SOLE   641 0 0
COHEN & STEERS CLOSED-END OPPO ETF 19248P106 12 1,123 SH   SOLE   1,123 0 0
MARKET VECTORS ETF TR UNCONVEN ETF 57060U159 16 1,073 SH   SOLE   1,073 0 0
FIRST TR LARGE CAP GROWTH ALPH ETF 33735K108 7 148 SH   SOLE   148 0 0
FULL CIRCLE CAP CORP COM ETF 359671104 58 19,000 SH   SOLE   19,000 0 0
FIRST TR EXCHANGE TRADED FD VI ETF 33738R605 33 1,500 SH   SOLE   1,500 0 0
PROSHARES TR ULTRASHORT FTSE C ETF 74348A350 5 100 SH   SOLE   100 0 0
GUGGENHEIM ENHANCED EQUITY STR ETF 40167K100 3 231 SH   SOLE   231 0 0
GAMCO GLOBAL GOLD NAT RES & IN ETF 36465A109 6 1,221 SH   SOLE   1,221 0 0
SPDR GOLD TRUST SPDR GOLD SHAR ETF 78463V107 337 3,156 SH   SOLE   3,156 0 0
ISHARES S&P GSCI CMDTY COMMODI ETF 46428R107 556 32,556 SH   SOLE   32,556 0 0
WISDOMTREE TR EUROPE HEDGED EQ ETF 97717X701 25 450 SH   SOLE   450 0 0
HANCOCK JOHN PFD INCOME FD SH ETF 41013W108 6 295 SH   SOLE   295 0 0
HANCOCK JOHN PFD INCOME FD III ETF 41021P103 32 1,901 SH   SOLE   1,901 0 0
MARKET VECTORS ETF TR EMERGING ETF 57061R403 28 1,223 SH   SOLE   1,223 0 0
ISHARES TRUST IBOXX $ HIGH YIE ETF 464288513 233 2,803 SH   SOLE   2,803 0 0
PIMCO ETF 0-5 YR HIGH YIELD CO ETF 72201R783 27 287 SH   SOLE   287 0 0
ISHARES COMEX GOLD TR ISHARES ETF 464285105 32 3,000 SH   SOLE   3,000 0 0
ISHARES TR NASDAQ BIO INDEX ETF 464287556 155 512 SH   SOLE   512 0 0
SPDR SER TR BARCLAYS INTL CORP ETF 78464A151 431 13,746 SH   SOLE   13,746 0 0
I-SHARES TR COHEN & STEERS REA ETF 464287564 59 640 SH   SOLE   640 0 0
ISHARES BARCLAYS 7-10 YR TREAS ETF 464287440 3,219 29,839 SH   SOLE   29,839 0 0
ISHARES TR BARCLAYS BOND BARCL ETF 464288661 7 54 SH   SOLE   54 0 0
ISHARES INC CORE MSCI EMERGING ETF 46434G103 68 1,705 SH   SOLE   1,705 0 0
ISHARES TR S&P GSSI NATURAL RE ETF 464287374 18 610 SH   SOLE   610 0 0
ISHARES TR S&P MIDCAP 400 INDE ETF 464287507 5,732 41,961 SH   SOLE   41,961 0 0
ISHARES S&P MIDCAP 400 GRTH FD ETF 464287606 11 70 SH   SOLE   70 0 0
ISHARES TR S&P SMLCAP 600 ETF 464287804 4,891 45,894 SH   SOLE   45,894 0 0
ISHARE S&P S/C 600 GRW ETF 464287887 10 84 SH   SOLE   84 0 0
ISHARES TR S&P 500 /BAR VAL ETF 464287408 9 106 SH   SOLE   106 0 0
VANGUARD ADMIRAL FDS INC S&P M ETF 921932885 395 4,293 SH   SOLE   4,293 0 0
ISHARES CORE S&P ETF S&P 500 I ETF 464287200 54,459 282,597 SH   SOLE   282,597 0 0
ISHARES TR S&P500 GRW ETF 464287309 13 124 SH   SOLE   124 0 0
ISHARES TR RUSSELL 1000 ETF 464287622 2,168 20,249 SH   SOLE   20,249 0 0
ISHARES TR RUSSELL1000VAL ETF 464287598 11 115 SH   SOLE   115 0 0
ISHARES TR RUSSELL1000GRW ETF 464287614 104 1,115 SH   SOLE   1,115 0 0
ISHARES TR RUSSELL 2000 INDEX ETF 464287655 26,492 242,605 SH   SOLE   242,605 0 0
ISHARES TR RUSSELL 2000 RUSSEL ETF 464287630 108 1,198 SH   SOLE   1,198 0 0
ISHARES TR RUSSELL 2000 GROWTH ETF 464287648 31 234 SH   SOLE   234 0 0
ISHARES TR RUSSELL MID CAP GRO ETF 464287481 67 751 SH   SOLE   751 0 0
ISHARES TR RUSSELL MIDCAP INDE ETF 464287499 888 5,707 SH   SOLE   5,707 0 0
ISHARES TR RUSSELL MCP VL ETF 464287473 47 699 SH   SOLE   699 0 0
ISHARES TR RUSSELL 3000 RUSSEL ETF 464287689 18,025 158,268 SH   SOLE   158,268 0 0
ISHARES TR RUSSELL TOP 200 GRO ETF 464289438 4 89 SH   SOLE   89 0 0
ISHARES TR DOW JONES RE US REA ETF 464287739 51,899 731,492 SH   SOLE   731,492 0 0
NUVEEN EGY MLP TOTAL RTN ETF 67074U103 14 1,090 SH   SOLE   1,090 0 0
SPDR BARCLAYS ETF HIGH YIELD V ETF 78464A417 111 3,110 SH   SOLE   3,110 0 0
NUVEEN QUALITY PFD INCOME FD 2 ETF 67072C105 125 14,270 SH   SOLE   14,270 0 0
NUVEEN MULTI STRAT INC GR FD 2 ETF 67073D102 44 5,500 SH   SOLE   5,500 0 0
ISHARES INC EMERGING MKTS LOCA ETF 464286517 10 244 SH   SOLE   244 0 0
ISHARES IBOXX INVESTOP IBOXX $ ETF 464287242 252 2,175 SH   SOLE   2,175 0 0
ISHARES TR BARCLYS MBS BD ETF 464288588 28 257 SH   SOLE   257 0 0
SPDR S&P MIDCAP 400 ETF ETF 78467Y107 39,798 159,900 SH   SOLE   159,900 0 0
WESTERN ASSET HIGH INCOME FD I ETF 95766N103 14 1,895 SH   SOLE   1,895 0 0
ISHARES TRUST S&P NATL AMT FRE ETF 464288414 248 2,268 SH   SOLE   2,268 0 0
NUVEEN AMT-FREE MUN INCOME FD ETF 670657105 8 605 SH   SOLE   605 0 0
NUVEEN N C PREM INCOME MUN FD ETF 67060P100 241 18,901 SH   SOLE   18,901 0 0
NUVEEN PREM INCOME MUN FD 2 CO ETF 67063W102 36 2,667 SH   SOLE   2,667 0 0
NUVEEN PREM INCOME MUN FD 4 CO ETF 6706K4105 13 1,018 SH   SOLE   1,018 0 0
NUVEEN INSD QUALITY MUN FD INC ETF 67062N103 35 2,665 SH   SOLE   2,665 0 0
NUVEEN PA INVT QUALITY MUN FUN ETF 670972108 13 984 SH   SOLE   984 0 0
NUVEEN SELECT QUALITY MUN FD C ETF 670973106 162 12,083 SH   SOLE   12,083 0 0
NAVIGATOR HLDGS LTD SHS ISIN#M ETF Y62132108 13 1,000 SH   SOLE   1,000 0 0
ISHARES TR S&P 100 INDEX FD ETF 464287101 85 1,000 SH   SOLE   1,000 0 0
SPDR RUSSELL 1000 ETF ETF 78464A854 30 329 SH   SOLE   329 0 0
POWERSHARES GLOBAL EXCH RAFU A ETF 73936T854 11 274 SH   SOLE   274 0 0
ISHARES S&P U S PFD FUND S&P U ETF 464288687 1,069 27,707 SH   SOLE   27,707 0 0
PIMCO FLOATING RATE INCOME FD ETF 72201H108 39 4,000 SH   SOLE   4,000 0 0
PIMCO FLOATING RATE STRTGY FD ETF 72201J104 22 2,500 SH   SOLE   2,500 0 0
POWERSHARES ETF TRUST FINL PFD ETF 73935X229 32 1,769 SH   SOLE   1,769 0 0
POWERSHARES ETF TRUST WATER RE ETF 73935X575 44 2,146 SH   SOLE   2,146 0 0
POWERSHARES INTL DIVD ACHIEVER ETF 73935X716 208 14,411 SH   SOLE   14,411 0 0
POWERSHARES EXCH TRD FD TR FTS ETF 73935X583 23 274 SH   SOLE   274 0 0
PIMCO CORPORATE OPP FD COM ETF 72201B101 97 7,291 SH   SOLE   7,291 0 0
POWERSHARES GLOBAL EXH FTSE DE ETF 73936T789 15 425 SH   SOLE   425 0 0
POWERSHS EXCH TRAD FD TR INSUR ETF 73936T474 91 3,637 SH   SOLE   3,637 0 0
INDEX IQ TR IQ ETF HEDGE MFCE ETF 45409B107 6,852 237,921 SH   SOLE   237,921 0 0
ISHARES TR MTG REAL ESTATE CAP ETF 464288539 20 2,000 SH   SOLE   2,000 0 0
ROYCE GLOBAL VALUE TR INC COM ETF 78081T104 8 1,105 SH   SOLE   1,105 0 0
RYDEX ETF TR GUGGENHEIM S&P 50 ETF 78355W106 204 2,775 SH   SOLE   2,775 0 0
ROYCE VALUE TR INC COM ETF 780910105 107 9,262 SH   SOLE   9,262 0 0
SPDR DOW JONES REIT ETF ETF 78464A607 35 405 SH   SOLE   405 0 0
PROSHARES TR PROSHARES ULTRA H ETF 74347R735 28 484 SH   SOLE   484 0 0
SCHWAB US BROAD MARKET ETF ETF 808524102 9,638 207,796 SH   SOLE   207,796 0 0
SCHWAB STRATEGIC TR US DIVIDEN ETF 808524797 348 9,686 SH   SOLE   9,686 0 0
SCHWAB STRATEGIC TR INTL EQUIT ETF 808524805 14,926 545,341 SH   SOLE   545,341 0 0
SCHWAB US AGGREGATE BOND ETF ETF 808524839 8 156 SH   SOLE   156 0 0
SPDR SER TR SPDR BARCLAYS CAPI ETF 78464A474 127 4,155 SH   SOLE   4,155 0 0
SPDR S&P DIVIDEND ETF ETF 78464A763 720 9,981 SH   SOLE   9,981 0 0
PROSHARES SHORT S&P 500 NON-TR ETF 74347R503 8 350 SH   SOLE   350 0 0
SPDR NUVEEN BARCLAY EFT MANAGE ETF 78464A425 221 9,079 SH   SOLE   9,079 0 0
SPDR SER TR SHORT TERM HIGH YI ETF 78468R408 57 2,108 SH   SOLE   2,108 0 0
POWERSHARES EXCHANGE-TRADED FD ETF 73937B779 481 13,368 SH   SOLE   13,368 0 0
SPDR S&P 500 ETF TR EXPIRING 0 ETF 78462F103 325,186 1,696,949 SH   SOLE   1,696,949 0 0
PROSHARES TR ULTRASHORT REAL E ETF 74348A244 2 30 SH   SOLE   30 0 0
CAMBRIA ETF TR SHAREHOLDER YIE ETF 132061201 11 380 SH   SOLE   380 0 0
PROSHARES TR SHORT 20+ YR TREA ETF 74347X849 118 4,800 SH   SOLE   4,800 0 0
PROSHARES TR PROSHARES ULTRASH ETF 74347B201 22 500 SH   SOLE   500 0 0
SPDR BARCLAYS CAPITAL MUNICIPA ETF 78464A458 284 11,784 SH   SOLE   11,784 0 0
ISHARES TR BARCLAYS TIPS BOND ETF 464287176 2,294 20,720 SH   SOLE   20,720 0 0
ISHARES TR BARCLAYS 20+ YR ETF 464287432 73 588 SH   SOLE   588 0 0
SSGA ACTIVE ETF TR SPDR DOBLEL ETF 78467V848 83 1,673 SH   SOLE   1,673 0 0
TCW STRATEGIC INCOME FD INC ETF 872340104 10 2,000 SH   SOLE   2,000 0 0
PROSHARES TR II ULTRA BLOOMBER ETF 74347W320 12 536 SH   SOLE   536 0 0
MORGAN STANLEY MARKET VECTORS ETF 617480272 27 1,500 SH   SOLE   1,500 0 0
UNITED STATES OIL FUND LP UNIT ETF 91232N108 307 20,900 SH   SOLE   20,900 0 0
VANGUARD INDEX FDS SMALL CP ET ETF 922908751 7,979 73,911 SH   SOLE   73,911 0 0
VANGUARD SMALL CAP GRWTH ETF 922908595 387 3,285 SH   SOLE   3,285 0 0
VANGUARD SMALL CAP VALUE ETF 922908611 482 4,979 SH   SOLE   4,979 0 0
VANGUARD SCOTTSDALE FDS VANGUA ETF 92206C870 45 526 SH   SOLE   526 0 0
VANGUARD WORLD FDS VANGUARD CO ETF 92204A207 271 2,235 SH   SOLE   2,235 0 0
VANGUARD EUROPE PACIFIC ETF ETF 921943858 1,118 31,370 SH   SOLE   31,370 0 0
VANGUARD INTL EQUITY INDEX FTS ETF 922042775 414 9,720 SH   SOLE   9,720 0 0
VANGUARD INTL EQUITY INDEX FDS ETF 922042874 7,347 149,390 SH   SOLE   149,390 0 0
VANGUARD WORLD FDS VANGUARD IN ETF 92204A702 71 710 SH   SOLE   710 0 0
VANGUARD DIV APPRCIATION ETF 921908844 10,610 143,889 SH   SOLE   143,889 0 0
VANGUARD ADMIRAL FDS INC S&P S ETF 921932828 178 1,831 SH   SOLE   1,831 0 0
VANGUARD REIT ETF 922908553 555 7,341 SH   SOLE   7,341 0 0
VANGUARD INDEX FDS MID CAP ETF ETF 922908629 13,238 113,469 SH   SOLE   113,469 0 0
VANGUARD MID CAP VALUE ETF 922908512 204 2,454 SH   SOLE   2,454 0 0
VANGUARD SCOTTSDALE FDS VANGUA ETF 92206C730 0 1 SH   SOLE   1 0 0
VANGUARD INDEX FDS S&P 500 ETF ETF 922908363 1,007 5,728 SH   SOLE   5,728 0 0
VANGUARD MID CAP GROWTH ETF 922908538 618 6,357 SH   SOLE   6,357 0 0
VANGUARD INTL EQUITY INDEX FDS ETF 922042742 140 2,530 SH   SOLE   2,530 0 0
VANGUARD INDEX FDS STK MRK ETF ETF 922908769 1,168 11,827 SH   SOLE   11,827 0 0
VANGUARD INDEX FDS VALUE ETF ETF 922908744 648 8,442 SH   SOLE   8,442 0 0
VANGUARD SCOTTSDALE FDS VANGUA ETF 92206C623 117 1,200 SH   SOLE   1,200 0 0
VANGUARD INDEX FDS GROWTH ETF ETF 922908736 916 9,131 SH   SOLE   9,131 0 0
VANGUARD INTL EQUITY INDEX FD ETF 922042858 66 1,997 SH   SOLE   1,997 0 0
BARCLAYS BK PLC IPATH S&P 500 ETF 06742E711 2 62 SH   SOLE   62 0 0
VANGUARD WHITEHALL FDS HIGH DI ETF 921946406 313 5,000 SH   SOLE   5,000 0 0
SELECT SECTOR SPDR TR SBI INT- ETF 81369Y605 704 31,050 SH   SOLE   31,050 0 0
SECTOR SPDR INDL SELECT SHARES ETF 81369Y704 2 50 SH   SOLE   50 0 0
SELECT SECTOR SPDR FD HEALTH C ETF 81369Y209 38 579 SH   SOLE   579 0 0
DIREXION SHS ETF TR CHINA BULL ETF 25459W771 2 98 SH   SOLE   98 0 0