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
AGCO CORP COM 001084102 246 4,461 SH   SOLE NONE 0 0 4,461
PERITUS HIGH YIELD ETF COM 00768Y503 8,853 168,299 SH   SOLE NONE 0 0 168,299
ADVANCED MICRO DEVICES INC COM 007903107 252 62,763 SH   SOLE NONE 0 0 62,763
ALLIANCE RESOURC COM 01877R108 395 4,700 SH   SOLE NONE 0 0 4,700
ARMOUR RESIDENTIAL REIT INC COM 042315101 57 13,835 SH   SOLE NONE 0 0 13,835
BAXTER INTERNATIONAL INC. COM 071813109 1,714 23,290 SH   SOLE NONE 0 0 23,290
BRADY CORPORATION CLASS A COM 104674106 228 8,402 SH   SOLE NONE 0 0 8,402
CSX CORP COM 126408103 916 31,614 SH   SOLE NONE 0 0 31,614
CYS INVESTMENTS INC COM 12673A108 131 15,878 SH   SOLE NONE 0 0 15,878
CALUMET SPECIALTY PRODUCTS PAR COM 131476103 408 15,800 SH   SOLE NONE 0 0 15,800
CARBONITE INC COM 141337105 231 22,696 SH   SOLE NONE 0 0 22,696
CEDAR FAIR LP COM 150185106 382 7,500 SH   SOLE NONE 0 0 7,500
CHEVRON CORP COM 166764100 1,614 13,570 SH   SOLE NONE 0 0 13,570
CLIFFS NATURAL RESOURCES INC. COM 18683K408 261 12,567 SH   SOLE NONE 0 0 12,567
CORNING INC COM 219350105 2,023 97,190 SH   SOLE NONE 0 0 97,190
EARTHLINK HOLDIN COM 27033X101 105 29,224 SH   SOLE NONE 0 0 29,224
EMERSON ELECTRIC CO. COM 291011104 1,756 26,280 SH   SOLE NONE 0 0 26,280
FIRST TRUST NYSE ARCA BIOTECH COM 33733E203 624 8,139 SH   SOLE NONE 0 0 8,139
FIRST TRUST DOW JONES INTERNET COM 33733E302 601 10,179 SH   SOLE NONE 0 0 10,179
FIRST TRUST CONSUMER DISC ALPH COM 33734X101 602 18,790 SH   SOLE NONE 0 0 18,790
FIRST TRUST CONSUMER STAPLES A COM 33734X119 622 16,872 SH   SOLE NONE 0 0 16,872
FIRST TRUST HEALTH CARE ALPHAD COM 33734X143 611 11,988 SH   SOLE NONE 0 0 11,988
FORD MOTOR CO COM 345370860 1,602 102,670 SH   SOLE NONE 0 0 102,670
GENERAL ELECTRIC CO COM 369604103 1,605 61,989 SH   SOLE NONE 0 0 61,989
GLAXOSMITHKLINE PLC ADR COM 37733W105 1,703 31,881 SH   SOLE NONE 0 0 31,881
IMATION CORPORATION COM 45245A107 271 46,955 SH   SOLE NONE 0 0 46,955
ION GEOPHYSICAL CORPORATION COM 462044108 226 53,681 SH   SOLE NONE 0 0 53,681
ISHARES GLOBAL HIGH YIELD CORP COM 464286178 919 16,912 SH   SOLE NONE 0 0 16,912
ISHARES MSCI EMU INDEX COM 464286608 2,746 64,952 SH   SOLE NONE 0 0 64,952
ISHARES DOW JONES TRANSPORTATI COM 464287192 23,810 175,783 SH   SOLE NONE 117,011 0 58,772
ISHARES CORE SP 500 ETF COM 464287200 97,855 520,120 SH   SOLE NONE 337,916 0 182,204
ISHARES CORE TOTAL US BOND MAR COM 464287226 34,357 318,384 SH   SOLE NONE 12,419 0 305,965
ISHARES SP 500 VALUE INDEX COM 464287408 502 5,776 SH   SOLE NONE 0 0 5,776
ISHARES BARCLAYS 20+ YEAR TREA COM 464287432 7,495 68,700 SH   SOLE NONE 4,779 0 63,921
ISHARES BARCLAYS 7-10 YEAR TRE COM 464287440 17,191 168,988 SH   SOLE NONE 14,625 0 154,363
ISHARES BARCLAYS 1-3 YEAR TREA COM 464287457 1,025 12,141 SH   SOLE NONE 0 0 12,141
ISHARES RUSSELL MIDCAP VALUE I COM 464287473 229 3,336 SH   SOLE NONE 0 0 3,336
ISHARES RUSSELL MIDCAP GROWTH COM 464287481 35,571 414,582 SH   SOLE NONE 276,675 0 137,907
ISHARES RUSSELL MIDCAP INDEX COM 464287499 1,394 9,006 SH   SOLE NONE 0 0 9,006
ISHARES CORE SP MID-CAP ETF COM 464287507 1,061 7,719 SH   SOLE NONE 0 0 7,719
ISHARES RUSSELL 1000 VALUE IND COM 464287598 101,173 1,048,423 SH   SOLE NONE 661,424 0 386,999
ISHARES RUSSELL 1000 GROWTH IN COM 464287614 5,419 62,620 SH   SOLE NONE 0 0 62,620
ISHARES RUSSELL 2000 INDEX COM 464287655 410 3,520 SH   SOLE NONE 0 0 3,520
ISHARES SP/CITI INTL TREASURY COM 464288117 4,400 42,744 SH   SOLE NONE 0 0 42,744
ISHARES MSCI ALL COUNTRY ASIA COM 464288182 2,432 41,152 SH   SOLE NONE 0 0 41,152
ISHARES MSCI ACWI EX US INDEX COM 464288240 49,927 1,072,083 SH   SOLE NONE 694,844 0 377,239
ISHARES SP NATIONAL AMT-FREE M COM 464288414 1,090 10,177 SH   SOLE NONE 0 0 10,177
ISHARES BARCLAYS 3-7 YEAR TREA COM 464288661 1,792 14,843 SH   SOLE NONE 0 0 14,843
ISHARES BARCLAYS SHORT TREASUR COM 464288679 5,510 49,970 SH   SOLE NONE 8,095 0 41,875
ISHARES MSCI INDIA INDEX COM 46429B598 24,453 925,184 SH   SOLE NONE 609,365 0 315,819
ISHARES FLOATING RATE NOTE COM 46429B655 8,837 174,257 SH   SOLE NONE 0 0 174,257
ITRON INC. COM 465741106 236 6,637 SH   SOLE NONE 0 0 6,637
JAKKS PACIFIC, INC. COM 47012E106 136 18,809 SH   SOLE NONE 0 0 18,809
KKR CO LP COM 48248M102 384 16,800 SH   SOLE NONE 0 0 16,800
KINDER MORGAN ENERGY PARTNERS COM 494550106 399 5,400 SH   SOLE NONE 0 0 5,400
ELI LILLY AND COMPANY COM 532457108 1,786 30,345 SH   SOLE NONE 0 0 30,345
MARKET VECTORS HIGH-YIELD MUNI COM 57060U878 4,430 149,921 SH   SOLE NONE 0 0 149,921
MCDERMOTT INTERNATIONAL INC COM 580037109 278 35,606 SH   SOLE NONE 0 0 35,606
MEMORIAL PRODUCTION PARTNERS L COM 586048100 401 17,800 SH   SOLE NONE 0 0 17,800
MICROSOFT CORPORATION COM 594918104 1,808 44,098 SH   SOLE NONE 0 0 44,098
MICROSTRATEGY COM 594972408 222 1,923 SH   SOLE NONE 0 0 1,923
NATURAL RESOURCES PARTNERS L.P COM 63900P103 425 26,700 SH   SOLE NONE 0 0 26,700
NORFOLK SOUTHERN CORPORATION COM 655844108 969 9,975 SH   SOLE NONE 0 0 9,975
NORTHERN TIER ENERGY LP CLASS COM 665826103 430 16,700 SH   SOLE NONE 0 0 16,700
NOVATEL WIRELESS, INC. COM 66987M604 192 109,282 SH   SOLE NONE 0 0 109,282
OAKTREE CAPITAL GROUP LLC COM 674001201 384 6,600 SH   SOLE NONE 0 0 6,600
OCH-ZIFF CAPITAL MANAGEMENT GR COM 67551U105 409 29,700 SH   SOLE NONE 0 0 29,700
1-800 FLOWERS.COM, INC. CLASS COM 68243Q106 137 24,306 SH   SOLE NONE 0 0 24,306
PENN NATIONAL GAMING COM 707569109 230 18,654 SH   SOLE NONE 0 0 18,654
PEPSICO INC COM 713448108 1,670 19,996 SH   SOLE NONE 0 0 19,996
POWERSHARES SENIOR LOAN PORT COM 73936Q769 15,942 642,581 SH   SOLE NONE 14,990 0 627,591
POWERSHARES INTERNATIONAL CORP COM 73936Q835 493 16,453 SH   SOLE NONE 0 0 16,453
POWERSHARES CEF INCOME COMPOSI COM 73936Q843 2,674 108,072 SH   SOLE NONE 0 0 108,072
POWERSHARES FUNDAMENTAL HIGH Y COM 73936T557 4,577 235,681 SH   SOLE NONE 38,349 0 197,332
PROSHARES ULTRASHORT 20+ YEAR COM 74347B201 226 3,353 SH   SOLE NONE 0 0 3,353
RUDOLPH TECHNOLOGIES, INC. COM 781270103 276 24,155 SH   SOLE NONE 0 0 24,155
SPDR SP 500 COM 78462F103 136,894 732,013 SH   SOLE NONE 424,953 0 307,060
SPDR BARCLAYS INTERNATIONAL CO COM 78464A151 3,202 85,827 SH   SOLE NONE 0 0 85,827
SPDR NUVEEN SP HIGH YIELD MUNI COM 78464A284 2,310 42,269 SH   SOLE NONE 6,827 0 35,442
SPDR BARCLAYS CAPITAL CONVERTI COM 78464A359 2,324 48,030 SH   SOLE NONE 7,715 0 40,315
SPDR BARCLAYS CAPITAL EM LOCAL COM 78464A391 2,585 87,168 SH   SOLE NONE 0 0 87,168
SPDR BARCLAYS INTERNATIONAL TR COM 78464A516 2,306 38,837 SH   SOLE NONE 6,272 0 32,565
SPDR SP BANK ETF COM 78464A797 35,617 1,046,324 SH   SOLE NONE 691,496 0 354,828
SIGMA DESIGNS, INC. COM 826565103 221 46,486 SH   SOLE NONE 0 0 46,486
SILICON GRAPHICS INTERNATIONAL COM 82706L108 167 13,593 SH   SOLE NONE 0 0 13,593
TAIWAN SEMICONDUCTOR MANUFACTU COM 874039100 1,813 90,543 SH   SOLE NONE 0 0 90,543
TERRA NITROGEN C COM 881005201 365 2,400 SH   SOLE NONE 0 0 2,400
VANGUARD SHORT-TERM BOND ETF COM 921937827 1,340 16,725 SH   SOLE NONE 0 0 16,725
VANGUARD TOTAL BOND MARKET ETF COM 921937835 16,906 208,228 SH   SOLE NONE 5,500 0 202,728
VANGUARD FTSE EMERGING MARKETS COM 922042858 3,545 87,363 SH   SOLE NONE 0 0 87,363
VANGUARD NATURAL RESOURCES, LL COM 92205F106 402 13,500 SH   SOLE NONE 0 0 13,500
VANGUARD MORTGAGE-BACKED SEC I COM 92206C771 8,479 163,932 SH   SOLE NONE 10,071 0 153,861
CAPITAL PRODUCT PARTNERS L.P. COM Y11082107 419 38,300 SH   SOLE NONE 0 0 38,300
ISHARES MSCI EAFE INDEX COM 464287465 4,522 67,288 SH   DFND 1 0 0 67,288
ISHARES RUSSELL 1000 GROWTH IN COM 464287614 3,002 34,694 SH   DFND 1 0 0 34,694
PIMCO TOTAL RETURN ETF COM 72201R775 1,164 10,917 SH   DFND 1 0 0 10,917
PIMCO 0-5 YEAR HI YLD CORP BON COM 72201R783 266 2,493 SH   DFND 1 0 0 2,493
POWERSHARES DB ENERGY COM 73936B101 355 12,144 SH   DFND 1 0 0 12,144
POWERSHARES DB OIL COM 73936B507 360 12,590 SH   DFND 1 0 0 12,590
POWERSHARES SENIOR LOAN PORT COM 73936Q769 361 14,565 SH   DFND 1 0 0 14,565
SPDR SP 500 COM 78462F103 3,629 19,403 SH   DFND 1 0 0 19,403
SPDR BARCLAYS CAPITAL SHORT TE COM 78464A474 733 23,820 SH   DFND 1 0 0 23,820
VANGUARD SHORT-TERM BOND ETF COM 921937827 381 4,760 SH   DFND 1 0 0 4,760
VANGUARD TOTAL INTERNATIONAL B COM 92203J407 288 5,699 SH   DFND 1 0 0 5,699
VANGUARD TOTAL WORLD STOCK IND COM 922042742 4,517 75,692 SH   DFND 1 0 0 75,692
VANGUARD FTSE EMERGING MARKETS COM 922042858 4,658 114,788 SH   DFND 1 0 0 114,788
VANGUARD MID-CAP ETF COM 922908629 2,416 21,269 SH   DFND 1 0 0 21,269
VANGUARD VALUE ETF COM 922908744 4,596 58,835 SH   DFND 1 0 0 58,835
VANGUARD SMALL CAP ETF COM 922908751 1,519 13,450 SH   DFND 1 0 0 13,450
ISHARES MSCI EMG MKT ETF COM 464287904 22,556 550,000 SH Call SOLE NONE 0 0 550,000