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
ACTIVE NETWORK INC COM 00506D100 87 11,439 SH   SOLE NONE 0 0 11,439
ARBOR REALTY TRUST, INC. COM 038923108 64 10,208 SH   SOLE NONE 0 0 10,208
ARMOUR RESIDENTIAL REIT INC COM 042315101 74 15,771 SH   SOLE NONE 0 0 15,771
AUTOMATIC DATA PROCESSING COM 053015103 778 11,300 SH   SOLE NONE 0 0 11,300
BANK OF MONTREAL COM 063671101 688 11,849 SH   SOLE NONE 0 0 11,849
BAXTER INTERNATIONAL INC. COM 071813109 727 10,496 SH   SOLE NONE 0 0 10,496
CSX CORP COM 126408103 355 15,324 SH   SOLE NONE 0 0 15,324
CHEVRON CORP COM 166764100 733 6,196 SH   SOLE NONE 0 0 6,196
EMERSON ELECTRIC CO. COM 291011104 706 12,942 SH   SOLE NONE 0 0 12,942
FIRST TRUST NYSE ARCA BIOTECH COM 33733E203 583 10,021 SH   SOLE NONE 0 0 10,021
FIRST TRUST DOW JONES INTERNET COM 33733E302 606 13,355 SH   SOLE NONE 0 0 13,355
FIRST TRUST CONSUMER DISC ALPH COM 33734X101 616 22,715 SH   SOLE NONE 0 0 22,715
FIRST TRUST CONSUMER STAPLES A COM 33734X119 611 19,785 SH   SOLE NONE 0 0 19,785
FIRST TRUST HEALTH CARE ALPHAD COM 33734X143 610 15,367 SH   SOLE NONE 0 0 15,367
GLAXOSMITHKLINE PLC ADR COM 37733W105 768 15,375 SH   SOLE NONE 0 0 15,375
ISHARES CORE SP 500 ETF COM 464287200 23,263 144,597 SH   SOLE NONE 137,797 0 6,800
ISHARES CORE TOTAL US BOND MAR COM 464287226 15,663 146,096 SH   SOLE NONE 14,066 0 132,030
ISHARES SP 500 VALUE INDEX COM 464287408 344 4,539 SH   SOLE NONE 0 0 4,539
ISHARES BARCLAYS 1-3 YEAR TREA COM 464287457 20,037 237,745 SH   SOLE NONE 23,813 0 213,932
ISHARES RUSSELL MIDCAP INDEX COM 464287499 1,344 10,347 SH   SOLE NONE 0 0 10,347
ISHARES CORE SP MID-CAP ETF COM 464287507 501 4,334 SH   SOLE NONE 0 0 4,334
ISHARES PHLX SOX SEMICONDUCTOR COM 464287523 12,512 196,970 SH   SOLE NONE 93,495 0 103,475
ISHARES RUSSELL 1000 VALUE IND COM 464287598 3,780 45,108 SH   SOLE NONE 0 0 45,108
ISHARES RUSSELL 1000 GROWTH IN COM 464287614 3,709 50,983 SH   SOLE NONE 0 0 50,983
ISHARES RUSSELL 2000 GROWTH IN COM 464287648 12,343 110,690 SH   SOLE NONE 53,121 0 57,569
ISHARES SP NATIONAL AMT-FREE M COM 464288414 335 3,193 SH   SOLE NONE 0 0 3,193
ISHARES RUSSELL TOP 200 VALUE COM 464289420 39,175 1,094,266 SH   SOLE NONE 428,330 0 665,936
NEW MOUNTAIN FINANCE CORP COM 647551100 151 10,688 SH   SOLE NONE 0 0 10,688
NORFOLK SOUTHERN CORPORATION COM 655844108 352 4,842 SH   SOLE NONE 0 0 4,842
PEPSICO INC COM 713448108 768 9,390 SH   SOLE NONE 0 0 9,390
POWERSHARES SENIOR LOAN PORT COM 73936Q769 14,771 596,788 SH   SOLE NONE 60,893 0 535,895
PRAXAIR, INC. COM 74005P104 742 6,442 SH   SOLE NONE 0 0 6,442
PROSHARES ULTRASHORT 20+ YEAR COM 74347B201 352 4,857 SH   SOLE NONE 0 0 4,857
PROSHARES ULTRASHORT SP500 COM 74347B300 226 5,541 SH   SOLE NONE 0 0 5,541
SPDR SP 500 COM 78462F103 78,814 491,295 SH   SOLE NONE 163,670 0 327,625
SPDR DOW JONES INDUSTRIAL AVER COM 78467X109 68,659 462,193 SH   SOLE NONE 222,171 0 240,022
FINANCIAL SELECT SECTOR SPDR COM 81369Y605 11,985 616,186 SH   SOLE NONE 486,973 0 129,213
SILICON IMAGE, INC. COM 82705T102 81 13,860 SH   SOLE NONE 0 0 13,860
TAIWAN SEMICONDUCTOR MANUFACTU COM 874039100 730 39,843 SH   SOLE NONE 0 0 39,843
TARGET CORP COM 87612E106 759 11,024 SH   SOLE NONE 0 0 11,024
VALLEY NATIONAL BANCORP COM 919794107 112 11,860 SH   SOLE NONE 0 0 11,860
VANGUARD SHORT-TERM BOND ETF COM 921937827 1,362 17,015 SH   SOLE NONE 0 0 17,015
VANGUARD FINANCIALS ETF COM 92204A405 507 12,695 SH   SOLE NONE 0 0 12,695
WALGREEN COMPANY COM 931422109 720 16,282 SH   SOLE NONE 0 0 16,282
ISHARES IBOXX $ INVEST GRADE C COM 464287242 680 5,980 SH   DFND 1 0 0 5,980
ISHARES SP GLOBAL FINANCIALS COM 464287333 305 6,300 SH   DFND 1 0 0 6,300
ISHARES MSCI EAFE INDEX COM 464287465 2,324 40,551 SH   DFND 1 0 0 40,551
ISHARES RUSSELL 1000 GROWTH IN COM 464287614 1,229 16,890 SH   DFND 1 0 0 16,890
PIMCO TOTAL RETURN ETF COM 72201R775 3,464 32,838 SH   DFND 1 0 0 32,838
POWERSHARES DB COMMODITY INDEX COM 73935S105 421 16,754 SH   DFND 1 0 0 16,754
POWERSHARES DB ENERGY COM 73936B101 432 15,894 SH   DFND 1 0 0 15,894
POWERSHARES SENIOR LOAN PORT COM 73936Q769 879 35,508 SH   DFND 1 0 0 35,508
POWERSHARES INTERNATIONAL CORP COM 73936Q835 525 19,041 SH   DFND 1 0 0 19,041
SPDR SP 500 COM 78462F103 1,831 11,411 SH   DFND 1 0 0 11,411
SPDR BARCLAYS HIGH YIELD BOND COM 78464A417 450 11,398 SH   DFND 1 0 0 11,398
SCHWAB U.S. DIVIDEND EQUITY ET COM 808524797 855 26,159 SH   DFND 1 0 0 26,159
VANGUARD SHORT-TERM BOND ETF COM 921937827 2,024 25,281 SH   DFND 1 0 0 25,281
VANGUARD FTSE EMERGING MARKETS COM 922042858 1,145 29,517 SH   DFND 1 0 0 29,517
VANGUARD MID-CAP ETF COM 922908629 998 10,490 SH   DFND 1 0 0 10,490
VANGUARD VALUE ETF COM 922908744 1,469 21,727 SH   DFND 1 0 0 21,727
VANGUARD SMALL CAP ETF COM 922908751 628 6,704 SH   DFND 1 0 0 6,704
WISDOMTREE EMERGING MARKETS LO COM 97717X867 1,712 35,634 SH   DFND 1 0 0 35,634