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
3M COMPANY Common 88579Y101 356 3,262 SH   SOLE   3,262 0 0
ACCENTURE PLC IRELAND - CLASS A Common G1151C101 297 4,138 SH   SOLE   4,138 0 0
ADOBE SYSTEMS INC Common 00724F101 338 7,420 SH   SOLE   7,420 0 0
AGILENT TECHNOLOGIES INC Common 00846U101 339 7,948 SH   SOLE   7,948 0 0
ALASKA AIR GROUP INC Common 011659109 687 13,219 SH   SOLE   13,219 0 0
ALLIANCE DATA SYSTEMS CORP Common 018581108 347 1,921 SH   SOLE   1,921 0 0
AMERICAN EXPRESS COMPANY Common 025816109 1,475 19,730 SH   SOLE   19,730 0 0
APPLE COMPUTER INC Common 037833100 1,311 3,308 SH   SOLE   3,308 0 0
ASML HOLDING N V N Y REGISTRY Common N07059210 352 4,461 SH   SOLE   4,461 0 0
AVAGO TECHNOLOGIES LTD SHS Common Y0486S104 394 10,548 SH   SOLE   10,548 0 0
AVIS BUDGET GROUP INC Common 053774105 701 24,415 SH   SOLE   24,415 0 0
BAXTER INTERNATIONAL INC Common 071813109 331 4,785 SH   SOLE   4,785 0 0
BERKSHIRE HATHAWAY CL B Common 084670702 15,928 142,319 SH   SOLE   142,319 0 0
BIOGEN IDEC INC Common 09062X103 332 1,547 SH   SOLE   1,547 0 0
BOEING CO Common 97023105 367 3,590 SH   SOLE   3,590 0 0
CALPINE CORP NEW Common 131347304 12,865 606,014 SH   SOLE   606,014 0 0
CAPITAL ONE FINL CORP Common 14040H105 1,476 23,507 SH   SOLE   23,507 0 0
CARDINAL HEALTH INC Common 14149Y108 353 7,489 SH   SOLE   7,489 0 0
CENTURYTEL INC Common 156700106 694 19,656 SH   SOLE   19,656 0 0
CGI GROUP INC CL A SUB VTG SHS Common 39945C109 306 10,480 SH   SOLE   10,480 0 0
CHECK POINT SOFTWARE TECH Order M22465104 350 7,065 SH   SOLE   7,065 0 0
CIGNA CORPORATION Common 125509109 736 10,157 SH   SOLE   10,157 0 0
CITIGROUP INC Common 172967424 1,143 23,844 SH   SOLE   23,844 0 0
COACH INC Common 189754104 326 5,712 SH   SOLE   5,712 0 0
COLGATE-PALMOLIVE CO Common 194162103 287 5,013 SH   SOLE   5,013 0 0
COLONY FINL INC COM Common 19624R106 7,279 366,001 SH   SOLE   366,001 0 0
CREDIT SUISSE CUSHING 30 MLP ETN ETN 22542D852 13,403 448,585 SH   SOLE   448,585 0 0
DIRECT TV Common 25490A309 356 5,786 SH   SOLE   5,786 0 0
DISCOVER FINANCIAL SVCS Common 254709108 356 7,486 SH   SOLE   7,486 0 0
DISH NETWORK CORPORATION Common 25470M109 358 8,438 SH   SOLE   8,438 0 0
DOLLAR TREE INC Common 256746108 351 6,909 SH   SOLE   6,909 0 0
DWS MUN INCOME TR COM Common 23338M106 383 29,696 SH   SOLE   29,696 0 0
EBAY INC Common 278642103 770 14,898 SH   SOLE   14,898 0 0
ENERGIZER HLDGS INC Common 29266R108 348 3,466 SH   SOLE   3,466 0 0
ENSCO PLC SHS CLASS A Common G3157S106 585 10,074 SH   SOLE   10,074 0 0
EXPRESS SCRIPTS HOLDING COMPANY Common 30219G108 1,087 17,609 SH   SOLE   17,609 0 0
EXXON MOBIL CORP Common 30231G102 341 3,776 SH   SOLE   3,776 0 0
FIFTH STREET FINANCE CORP Common 31678A103 4,570 437,402 SH   SOLE   437,402 0 0
GENERAL ELECTRIC COMPANY Common 369604103 23,100 996,139 SH   SOLE   996,139 0 0
GENERAL MTRS CO COM Common 37045V100 700 21,031 SH   SOLE   21,031 0 0
GILEAD SCIENCES INC Common 375558103 337 6,584 SH   SOLE   6,584 0 0
GOLDMAN SACHS GROUP INC Common 38141G104 350 2,319 SH   SOLE   2,319 0 0
GOOGLE INC CL A Common 38259P508 357 406 SH   SOLE   406 0 0
GUGGENHEIM/BEACON SPIN-OFF ETF ETF 18383M605 23,496 636,231 SH   SOLE   636,231 0 0
GUGGENHEIM/RAYMOND JAMES SB1 ETF ETF 18383M613 24,068 851,082 SH   SOLE   851,082 0 0
GUGGENHEIM/SABRIENT INSIDER ETF ETF 18383M209 23,066 577,965 SH   SOLE   577,965 0 0
HCA HOLDINGS INC COM Common 40412C101 519 14,395 SH   SOLE   14,395 0 0
HEWLETT-PACKARD COMPANY Common 428236103 405 16,333 SH   SOLE   16,333 0 0
ILLINOIS TOOL WORKS INC Common 452308109 355 5,142 SH   SOLE   5,142 0 0
INTERNATIONAL BUSINESS MACHINE Common 459200101 846 4,428 SH   SOLE   4,428 0 0
INVESCO MORTGAGE CAPITAL INCCOM Common 46131B100 332 20,100 SH   SOLE   20,100 0 0
ISHARES BARCLAYS TIPS ETF ETF 464287176 829 7,402 SH   SOLE   7,402 0 0
ISHARES IBOXX INVT GRADE CORP BD FD ETF 464287242 1,687 14,851 SH   SOLE   14,851 0 0
ISHARES INC MSCI GERMANY ETF 464286806 5,950 240,929 SH   SOLE   240,929 0 0
ISHARES INC MSCI MEXICO ETF 464286822 2,530 38,785 SH   SOLE   38,785 0 0
ISHARES INC MSCI PAC J IDX ETF 464286665 534 12,422 SH   SOLE   12,422 0 0
ISHARES INC MSCI SOUTH KOREA ETF 464286772 1,331 25,023 SH   SOLE   25,023 0 0
ISHARES MSCI SWITZERLAND ETF 464286749 566 19,759 SH   SOLE   19,759 0 0
ISHARES MSCI TAIWAN ETF 464286731 508 38,258 SH   SOLE   38,258 0 0
ISHARES MSCI UNITED KINDOM ETF 464286699 7,657 433,595 SH   SOLE   433,595 0 0
ISHARES LEHMAN 1-3 YEAR TREASURY BOND ETF 464287457 221 2,623 SH   SOLE   2,623 0 0
ISHARES LEHMAN SHORT TREASURY BOND ETF 464288679 214 1,942 SH   SOLE   1,942 0 0
ISHARES MSCI CANADA ETF ETF 464286509 2,192 83,839 SH   SOLE   83,839 0 0
ISHARES MSCI JAPAN ETF ETF 464286848 9,579 853,818 SH   SOLE   853,818 0 0
ISHARES RUSSELL 3000 INDEX ETF ETF 464287689 2,693 27,936 SH   SOLE   27,936 0 0
ISHARES TR FTSE/XINHUA FINA 25 ETF ETF 464287184 445 13,693 SH   SOLE   13,693 0 0
ISHARES TR INDEX DJ OIL EQUIP ETF 464288844 613 10,824 SH   SOLE   10,824 0 0
ISHARES TR MSCI EAFE INDEX ETF 464287465 223 3,900 SH   SOLE   3,900 0 0
ISHARES TR MSCI EMERGING MKTS ETF 464287234 219 5,700 SH   SOLE   5,700 0 0
ISHARES TR RUSSELL 1000 GROWTH ETF 464287614 19,496 268,033 SH   SOLE   268,033 0 0
ISHARES TR S&P LTN AM 40 ETF 464287390 745 20,283 SH   SOLE   20,283 0 0
ISHARES TRUST MSCI INDIA INDEX ETF 46429B598 10,054 428,195 SH   SOLE   428,195 0 0
J.P. MORGAN CHASE & CO Common 46625H100 2,208 41,827 SH   SOLE   41,827 0 0
JOY GLOBAL INC Common 481165108 291 6,014 SH   SOLE   6,014 0 0
JPMORGAN ALERIAN MLP INDEX ETN ETN 46625H365 15,144 324,706 SH   SOLE   324,706 0 0
KOHLS CORP Common 500255104 358 7,098 SH   SOLE   7,098 0 0
LINCOLN NATL CORP IND Common 534187109 758 20,797 SH   SOLE   20,797 0 0
LORILLARD INC Common 544147101 335 7,690 SH   SOLE   7,690 0 0
MATTEL INCORPORATED Common 577081102 332 7,349 SH   SOLE   7,349 0 0
MCGRAW-HILL COMPANIES INC Common 580645109 327 6,159 SH   SOLE   6,159 0 0
MOODYS CORP Common 615369105 332 5,452 SH   SOLE   5,452 0 0
MYLAN LABS INC Common 628530107 923 29,768 SH   SOLE   29,768 0 0
NEUBERGER BERMAN INTER MUNI COM Common 64124P101 864 59,867 SH   SOLE   59,867 0 0
NORDSTROM INC Common 655664100 353 5,890 SH   SOLE   5,890 0 0
ODYSSEY MARINE EXPLORATION Common 676118102 35,801 12,094,966 SH   SOLE   12,094,966 0 0
ORACLE CORPORATION Common 68389X105 1,310 42,673 SH   SOLE   42,673 0 0
PHILIP MORRIS INTL INC Common 718172109 297 3,432 SH   SOLE   3,432 0 0
PHILLIPS 66 Common 718546104 13,332 226,324 SH   SOLE   226,324 0 0
POWERSHARES BUYBACK ACHIEVERS ETF ETF 73935X286 18,021 507,070 SH   SOLE   507,070 0 0
PROSHARES SHORT 20+YR TREASURY ETF 74347X849 22,537 718,209 SH   SOLE   718,209 0 0
PROSHARES SHORT MSCI EAFE ETF ETF 74347R370 85,888 2,162,353 SH   SOLE   2,162,353 0 0
PROSHARES SHORT MSCI EM ETF ETF 74347R396 93,653 3,157,574 SH   SOLE   3,157,574 0 0
PROSHARES SHORT R2000 ETF ETF 74347R826 14,053 681,222 SH   SOLE   681,222 0 0
PROSHARES SHORT REAL ESTATE ETF ETF 74347X641 47,592 1,826,251 SH   SOLE   1,826,251 0 0
PROSHARES SHORT S&P 500 ETF ETF 74347R503 75,127 2,530,407 SH   SOLE   2,530,407 0 0
PROSHARES SHORT SMALL CAP 600 ETF 74347R784 37,526 2,120,671 SH   SOLE   2,120,671 0 0
PRUDENTIAL FINL INC Common 744320102 1,087 14,890 SH   SOLE   14,890 0 0
RADIAN GROUP INC Common 750236101 23,884 2,055,451 SH   SOLE   2,055,451 0 0
ROCKWELL INTL CORP NEW Common 773903109 332 3,998 SH   SOLE   3,998 0 0
ROGERS COMMUNICATIONS INC Common 775109200 262 6,692 SH   SOLE   6,692 0 0
SALLY BEAUTY HLDGS INC Common 79546E104 835 26,877 SH   SOLE   26,877 0 0
SCHLUMBERGER LTD Common 806857108 371 5,190 SH   SOLE   5,190 0 0
SEADRILL LIMITED SHS Common G7945E105 1,243 30,527 SH   SOLE   30,527 0 0
SECTOR SPDR SHS BEN INT-BAS ETF 81369Y100 569 14,855 SH   SOLE   14,855 0 0
SPDR INDEX SHS FDS EUOPE ETF ETF 78463x608 888 24,074 SH   SOLE   24,074 0 0
SPDR INDEX SHS FDS INTL HLTH ETF ETF 78463X681 4,655 117,347 SH   SOLE   117,347 0 0
SPDR INDEX SHS FDS S&P INTL CONS ETF 78463X731 4,856 144,331 SH   SOLE   144,331 0 0
SPDR S&P DIVIDEND ETF ETF 78464A763 864 13,041 SH   SOLE   13,041 0 0
SPDR S&P EMERGING ASIA PACIFIC ETF ETF 78463X301 2,032 28,276 SH   SOLE   28,276 0 0
SPDR S&P INTL DIVIDEND ETF 78463X772 7,755 177,683 SH   SOLE   177,683 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP ETF 78467Y107 2,666 12,693 SH   SOLE   12,693 0 0
SPDR S&P SERIES TRUST SHORT TERM HIGH YIELD ETF 78468R408 799 26,500 SH   SOLE   26,500 0 0
SPDR TR UNIT SER 1 ETF 78462F103 3,334 20,785 SH   SOLE   20,785 0 0
SPIRIT AIRLS INC COM Common 848577102 788 24,867 SH   SOLE   24,867 0 0
SSGA ACTIVE ETF TRUST MULT ASSET RLRTN ETF 78467V103 766 27,519 SH   SOLE   27,519 0 0
STARWOOD HOTELS & RESORTS WRLDWD Common 85590A401 325 5,155 SH   SOLE   5,155 0 0
STARWOOD PROPERTITIES Common 85571B105 5,918 239,141 SH   SOLE   239,141 0 0
STATE STR CORP Common 857477103 1,333 20,455 SH   SOLE   20,455 0 0
TAIWAN SEMICONDUCTOR MFG CO ADR 874039100 316 17,276 SH   SOLE   17,276 0 0
TAL INTL GROUP INC COM Common 874083108 6,462 148,314 SH   SOLE   148,314 0 0
TJX COS INC NEW Common 872540109 341 6,823 SH   SOLE   6,823 0 0
TOYOTA MTR CORP ADR ADR 892331307 29,141 241,514 SH   SOLE   241,514 0 0
UNION PACIFIC CORP Common 907818108 348 2,262 SH   SOLE   2,262 0 0
UNITED CONTINENTAL HOLDINGS Common 910047109 15,012 479,801 SH   SOLE   479,801 0 0
VANGUARD EMERGING MKTS ETF ETF 922042858 20,584 530,593 SH   SOLE   530,593 0 0
VANGUARD INDEX FUNDS REIT VIPERS ETF 922908553 302 4,400 SH   SOLE   4,400 0 0
VANGUARD TOTAL BOND MARKET ETF ETF 921937835 13,697 169,358 SH   SOLE   169,358 0 0
VANGUARD TOTAL STOCK MKT ETF ETF 922908769 27,787 336,129 SH   SOLE   336,129 0 0
WALGREEN COMPANY Common 931422109 625 14,147 SH   SOLE   14,147 0 0
WATERS CORP Common 941848103 357 3,575 SH   SOLE   3,575 0 0
WELLS FARGO NEW Common 949746101 364 8,831 SH   SOLE   8,831 0 0
WESTERN DIGITAL CORP Common 958102105 373 6,021 SH   SOLE   6,021 0 0
WISDOMTREE JAPAN HEDGED EQUITY ETF 97717W851 52,778 1,157,170 SH   SOLE   1,157,170 0 0
WYNN RESORT LTD Common 983134107 307 2,404 SH   SOLE   2,404 0 0
YANDEX N V SHS CLASS A Common N97284108 641 23,218 SH   SOLE   23,218 0 0