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
* ATT INC COM COM 00206R102 892 21,964 SH   SOLE NONE 21,964 0 0
* ABBOTT LABS COM COM 002824100 732 17,307 SH   SOLE NONE 0 0 17,307
* ALTRIA GROUP INC COM COM 02209S103 251 3,973 SH   SOLE NONE 3,973 0 0
* AMERISAFE INC COM COM 03071H100 317 5,395 SH   SOLE NONE 5,395 0 0
* AMERIPRISE FINL INC COM COM 03076C106 858 8,599 SH   SOLE NONE 0 0 8,599
* APOLLO COML REAL EST FIN INC COM 03762U105 190 11,588 SH   SOLE NONE 0 0 11,588
* APPLE INC COM COM 037833100 1,971 17,439 SH   SOLE NONE 10,161 0 7,278
* ARES CAP CORP COM COM 04010L103 186 12,015 SH   SOLE NONE 0 0 12,015
* BP PLC SPONSORED ADR COM 055622104 512 14,575 SH   SOLE NONE 0 0 14,575
* BT GROUP PLC ADR COM 05577E101 502 19,755 SH   SOLE NONE 0 0 19,755
* BIOGEN INC COM COM 09062X103 504 1,610 SH   SOLE NONE 1,610 0 0
* BOEING CO COM COM 097023105 432 3,278 SH   SOLE NONE 0 0 3,278
* CBL ASSOC PPTYS INC COM COM 124830100 137 11,306 SH   SOLE NONE 0 0 11,306
* CMS ENERGY CORP COM COM 125896100 677 16,110 SH   SOLE NONE 16,110 0 0
* CISCO SYS INC COM COM 17275R102 952 29,999 SH   SOLE NONE 0 0 29,999
* DBX ETF TR XTRAK MSCI EAFE COM 233051200 2,786 105,602 SH   SOLE NONE 0 0 105,602
* DIAGEO P L C SPON ADR NEW COM 25243Q205 744 6,410 SH   SOLE NONE 0 0 6,410
* DINEEQUITY INC COM COM 254423106 240 3,025 SH   SOLE NONE 3,025 0 0
* DONNELLEY R R SONS CO COM COM 257867101 263 16,741 SH   SOLE NONE 16,741 0 0
* DOW CHEM CO COM COM 260543103 862 16,631 SH   SOLE NONE 10,245 0 6,386
* EASTMAN CHEM CO COM COM 277432100 347 5,121 SH   SOLE NONE 0 0 5,121
* EXXON MOBIL CORP COM COM 30231G102 693 7,935 SH   SOLE NONE 7,935 0 0
* FASTENAL CO COM COM 311900104 534 12,773 SH   SOLE NONE 12,773 0 0
* FIRST TR LRGE CP CORE ALPHA COM 33734K109 578 12,356 SH   SOLE NONE 0 0 12,356
FIRST TR LRG CP VL ALPHADEX CO COM 33735J101 486 11,404 SH   SOLE NONE 0 0 11,404
FIRST TR EXCHANGE TRADED FD FI COM 33738D408 28,118 578,088 SH   SOLE NONE 419,894 0 158,194
* FOUR CORNERS PPTY TR INC COM COM 35086T109 220 10,293 SH   SOLE NONE 10,293 0 0
* GENERAL ELECTRIC CO COM COM 369604103 845 28,520 SH   SOLE NONE 28,520 0 0
* GILEAD SCIENCES INC COM COM 375558103 845 10,683 SH   SOLE NONE 0 0 10,683
* GLADSTONE COML CORP COM COM 376536108 245 13,155 SH   SOLE NONE 0 0 13,155
* GLAXOSMITHKLINE PLC SPONSORE COM 37733W105 753 17,470 SH   SOLE NONE 0 0 17,470
* HORIZON TECHNOLOGY FIN CORP COM 44045A102 137 10,120 SH   SOLE NONE 0 0 10,120
* ISHARES TR CORE SP500 ETF COM 464287200 2,892 13,293 SH   SOLE NONE 0 0 13,293
* ISHARES TR CORE US AGGBD ET COM 464287226 81,106 721,457 SH   SOLE NONE 455,209 0 266,248
* ISHARES TR MSCI EMG MKT ETF COM 464287234 130,776 3,492,015 SH   SOLE NONE 2,366,736 0 1,125,279
* ISHARES TR IBOXX INV CP ETF COM 464287242 87,475 710,141 SH   SOLE NONE 501,482 0 208,659
* ISHARES TR SP 500 GRWT ETF COM 464287309 120,947 994,136 SH   SOLE NONE 704,468 0 289,668
* ISHARES TR SP 500 VAL ETF COM 464287408 22,377 235,648 SH   SOLE NONE 231,335 0 4,313
* ISHARES TR 1-3 YR TR BD ETF COM 464287457 3,518 41,369 SH   SOLE NONE 0 0 41,369
* ISHARES TR RUS MID-CAP ETF COM 464287499 3,579 20,529 SH   SOLE NONE 0 0 20,529
* ISHARES TR CORE SP MCP ETF COM 464287507 90,813 586,989 SH   SOLE NONE 397,126 0 189,863
* ISHARES TR RUS 1000 GRW ETF COM 464287614 3,896 37,397 SH   SOLE NONE 0 0 37,397
* ISHARES TR RUS 2000 VAL ETF COM 464287630 100,892 963,168 SH   SOLE NONE 680,500 0 282,668
* ISHARES TR RUSSELL 2000 ETF COM 464287655 449 3,616 SH   SOLE NONE 0 0 3,616
* ISHARES TR NATIONAL MUN ETF COM 464288414 3,360 29,799 SH   SOLE NONE 0 0 29,799
* ISHARES TR 1-3 YR CR BD ETF COM 464288646 1,173 11,093 SH   SOLE NONE 0 0 11,093
* ISHARES TR SHRT TRS BD ETF COM 464288679 409 3,705 SH   SOLE NONE 0 0 3,705
* ISHARES TR U.S. PFD STK ETF COM 464288687 1,667 42,193 SH   SOLE NONE 0 0 42,193
* ISHARES TR MSCI INDIA ETF COM 46429B598 47,358 1,610,264 SH   SOLE NONE 1,143,204 0 467,060
* ISHARES TR USA QUALITY FCTR COM 46432F339 5,581 82,688 SH   SOLE NONE 0 0 82,688
* JPMORGAN CHASE CO COM COM 46625H100 268 4,022 SH   SOLE NONE 4,022 0 0
* JOHNSON JOHNSON COM COM 478160104 1,232 10,429 SH   SOLE NONE 10,429 0 0
* LKQ CORP COM COM 501889208 449 12,659 SH   SOLE NONE 12,659 0 0
* LAMAR ADVERTISING CO NEW CL COM 512816109 228 3,493 SH   SOLE NONE 3,493 0 0
* MACYS INC COM COM 55616P104 535 14,433 SH   SOLE NONE 0 0 14,433
* MAGNA INTL INC COM COM 559222401 523 12,184 SH   SOLE NONE 0 0 12,184
* MICROSOFT CORP COM COM 594918104 961 16,689 SH   SOLE NONE 16,689 0 0
* NASDAQ INC COM COM 631103108 434 6,431 SH   SOLE NONE 6,431 0 0
* NEW MTN FIN CORP COM COM 647551100 255 18,530 SH   SOLE NONE 0 0 18,530
* PARKWAY PPTYS INC COM COM 70159Q104 208 12,239 SH   SOLE NONE 12,239 0 0
* PEPSICO INC COM COM 713448108 265 2,440 SH   SOLE NONE 2,440 0 0
* POWERSHARES ETF TRUST FINL P COM 73935X229 28,109 1,475,544 SH   SOLE NONE 1,077,311 0 398,233
* POWERSHARES ETF TRUST DYNM L COM 73935X609 12,527 395,422 SH   SOLE NONE 0 0 395,422
* POWERSHARES ETF TRUST II SEN COM 73936Q769 2,105 90,679 SH   SOLE NONE 0 0 90,679
* POWERSHARES ETF TR II VAR RA COM 73937B597 28,240 1,107,017 SH   SOLE NONE 806,231 0 300,786
* POWERSHARES ETF TR II PWRSHS COM 73937B654 12,273 315,433 SH   SOLE NONE 0 0 315,433
* PRINCIPAL FINL GROUP INC COM COM 74251V102 580 11,267 SH   SOLE NONE 11,267 0 0
* PROCTER AND GAMBLE CO COM COM 742718109 269 3,000 SH   SOLE NONE 3,000 0 0
* PRUDENTIAL PLC ADR COM 74435K204 592 16,581 SH   SOLE NONE 0 0 16,581
* REPUBLIC SVCS INC COM COM 760759100 206 4,080 SH   SOLE NONE 4,080 0 0
* SPDR SP 500 ETF TR TR UNIT COM 78462F103 21,668 100,175 SH   SOLE NONE 74,758 0 25,417
* SPDR INDEX SHS FDS MSCI ACWI COM 78463X848 7,599 233,951 SH   SOLE NONE 0 0 233,951
* SPDR SERIES TRUST SP DIVID E COM 78464A763 48,208 571,450 SH   SOLE NONE 406,427 0 165,023
* SPDR SERIES TRUST SP BK ETF COM 78464A797 55,042 1,648,952 SH   SOLE NONE 1,145,424 0 503,528
SSGA ACTIVE ETF TR SPDR TR TAC COM 78467V848 2,635 52,501 SH   SOLE NONE 0 0 52,501
* SALESFORCE COM INC COM COM 79466L302 258 3,612 SH   SOLE NONE 3,612 0 0
* SCHEIN HENRY INC COM COM 806407102 229 1,408 SH   SOLE NONE 1,408 0 0
* SELECT SECTOR SPDR TR SBI MA COM 81369Y100 90,433 1,893,894 SH   SOLE NONE 1,310,822 0 583,072
* SOLAR CAP LTD COM COM 83413U100 272 13,245 SH   SOLE NONE 0 0 13,245
* STARWOOD PPTY TR INC COM COM 85571B105 229 10,152 SH   SOLE NONE 0 0 10,152
* SUMMIT HOTEL PPTYS COM COM 866082100 168 12,766 SH   SOLE NONE 12,766 0 0
* TARGET CORP COM COM 87612E106 833 12,127 SH   SOLE NONE 0 0 12,127
* 3M CO COM COM 88579Y101 205 1,161 SH   SOLE NONE 1,161 0 0
* US BANCORP DEL COM NEW COM 902973304 846 19,729 SH   SOLE NONE 0 0 19,729
* UNITED PARCEL SERVICE INC CL COM 911312106 869 7,945 SH   SOLE NONE 2,440 0 5,505
* UNIVERSAL HLTH SVCS INC CL B COM 913903100 334 2,710 SH   SOLE NONE 2,710 0 0
* VALERO ENERGY CORP NEW COM COM 91913Y100 482 9,100 SH   SOLE NONE 0 0 9,100
* VANECK VECTORS ETF TR HIGH Y COM 92189F361 42,005 1,302,494 SH   SOLE NONE 947,099 0 355,395
* VANGUARD BD INDEX FD INC TOT COM 921937835 4,652 55,289 SH   SOLE NONE 0 0 55,289
* VANGUARD INTL EQUITY INDEX F COM 922042742 2,798 45,974 SH   SOLE NONE 0 0 45,974
* VANGUARD INTL EQUITY INDEX F COM 922042775 1,651 36,340 SH   SOLE NONE 0 0 36,340
* VANGUARD INTL EQUITY INDEX F COM 922042858 1,665 44,235 SH   SOLE NONE 0 0 44,235
* VANGUARD WORLD FDS INF TECH COM 92204A702 92,193 765,914 SH   SOLE NONE 528,006 0 237,908
* VANGUARD INDEX FDS SML CP GR COM 922908595 97,091 736,769 SH   SOLE NONE 521,802 0 214,967
* VANGUARD INDEX FDS MID CAP E COM 922908629 3,911 30,211 SH   SOLE NONE 0 0 30,211
* VANGUARD INDEX FDS VALUE ETF COM 922908744 4,398 50,556 SH   SOLE NONE 0 0 50,556
* VANGUARD INDEX FDS SMALL CP COM 922908751 3,883 31,777 SH   SOLE NONE 0 0 31,777
* VODAFONE GROUP PLC NEW SPNSR COM 92857W308 725 24,859 SH   SOLE NONE 0 0 24,859
* WAL-MART STORES INC COM COM 931142103 758 10,509 SH   SOLE NONE 0 0 10,509
* WASTE MGMT INC DEL COM COM 94106L109 292 4,579 SH   SOLE NONE 4,579 0 0
* WELLS FARGO CO NEW COM COM 949746101 686 15,488 SH   SOLE NONE 15,488 0 0
* WHIRLPOOL CORP COM COM 963320106 228 1,408 SH   SOLE NONE 1,408 0 0
* WISDOMTREE TR JAPN HEDGE EQT COM 97717W851 58,580 1,365,185 SH   SOLE NONE 970,147 0 395,038
* ATT INC COM COM 00206R102 250 6,160 SH   DFND 1 0 0 6,160
BAY BANCORP INC COM COM 07203T106 122 22,217 SH   DFND 1 0 0 22,217
* DBX ETF TR XTRAK MSCI EAFE COM 233051200 3,223 122,185 SH   DFND 1 0 0 122,185
* FIRST TR EXCHANGE TRADED FD COM 33733E302 710 8,700 SH   DFND 1 0 0 8,700
* FIRST TR EXCHANGE TRADED FD COM 33734X101 672 19,060 SH   DFND 1 0 0 19,060
* FIRST TR EXCHANGE TRADED FD COM 33734X119 666 14,335 SH   DFND 1 0 0 14,335
* FIRST TR EXCHANGE TRADED FD COM 33734X127 709 45,989 SH   DFND 1 0 0 45,989
* FIRST TR EXCHANGE TRADED FD COM 33734X184 680 26,228 SH   DFND 1 0 0 26,228
* ISHARES TR RUS 1000 GRW ETF COM 464287614 4,565 43,822 SH   DFND 1 0 0 43,822
* ISHARES TR USA QUALITY FCTR COM 46432F339 6,833 101,243 SH   DFND 1 0 0 101,243
* JOHNSON JOHNSON COM COM 478160104 339 2,872 SH   DFND 1 0 0 2,872
* LOCKHEED MARTIN CORP COM COM 539830109 259 1,080 SH   DFND 1 0 0 1,080
* PEPSICO INC COM COM 713448108 203 1,864 SH   DFND 1 0 0 1,864
* POWERSHS DB MULTI SECT COMM COM 73936B200 867 21,349 SH   DFND 1 0 0 21,349
* POWERSHS DB MULTI SECT COMM COM 73936B309 866 28,679 SH   DFND 1 0 0 28,679
* PROCTER AND GAMBLE CO COM COM 742718109 237 2,640 SH   DFND 1 0 0 2,640
* SPDR SP 500 ETF TR TR UNIT COM 78462F103 6,792 31,403 SH   DFND 1 0 0 31,403
* 3M CO COM COM 88579Y101 240 1,360 SH   DFND 1 0 0 1,360
* UNITED PARCEL SERVICE INC CL COM 911312106 243 2,224 SH   DFND 1 0 0 2,224
* VANGUARD INTL EQUITY INDEX F COM 922042742 3,658 60,112 SH   DFND 1 0 0 60,112
* VANGUARD INTL EQUITY INDEX F COM 922042775 1,828 40,244 SH   DFND 1 0 0 40,244
* VANGUARD INTL EQUITY INDEX F COM 922042858 2,253 59,870 SH   DFND 1 0 0 59,870
* VANGUARD INDEX FDS MID CAP E COM 922908629 4,586 35,428 SH   DFND 1 0 0 35,428
* VANGUARD INDEX FDS VALUE ETF COM 922908744 4,992 57,382 SH   DFND 1 0 0 57,382
* VANGUARD INDEX FDS SMALL CP COM 922908751 4,582 37,506 SH   DFND 1 0 0 37,506
* WASTE MGMT INC DEL COM COM 94106L109 277 4,352 SH   DFND 1 0 0 4,352
SPDR S&P 500 ETF TRUST COM 78462F953 16,223 75,000 SH Put SOLE NONE 0 0 75,000