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
ADVANCED MICRO DEVICES INC COM COM 007903107 116 10,277 SH   SOLE NONE 10,277 0 0
AKAMAI TECHNOLOGIES INC COM COM 00971T101 213 3,278 SH   SOLE NONE 3,278 0 0
AMGEN INC COM COM 031162100 582 3,631 SH   SOLE NONE 0 0 3,631
APOLLO INVT CORP COM COM 03761U106 99 17,457 SH   SOLE NONE 0 0 17,457
BANK N S HALIFAX COM COM 064149107 1,310 23,855 SH   SOLE NONE 13,494 0 10,361
BHP BILLITON LTD SPONSORED ADR COM 088606108 1,311 37,234 SH   SOLE NONE 22,591 0 14,643
CSRA INC COM COM 12650T104 243 8,143 SH   SOLE NONE 8,143 0 0
CAMPBELL SOUP CO COM COM 134429109 1,060 18,531 SH   SOLE NONE 18,531 0 0
CDN IMPERIAL BK COMM TORONTO C COM 136069101 490 6,278 SH   SOLE NONE 6,278 0 0
CANON INC SPONSORED ADR COM 138006309 241 7,173 SH   SOLE NONE 7,173 0 0
CHESAPEAKE ENERGY CORP COM COM 165167107 181 32,061 SH   SOLE NONE 32,061 0 0
CISCO SYS INC COM COM 17275R102 1,233 36,868 SH   SOLE NONE 14,664 0 22,204
CLOROX CO DEL COM COM 189054109 693 5,245 SH   SOLE NONE 387 0 4,858
COCA COLA CO COM COM 191216100 1,041 23,874 SH   SOLE NONE 14,685 0 9,189
CONOCOPHILLIPS COM COM 20825C104 519 11,057 SH   SOLE NONE 11,057 0 0
CREDIT SUISSE GROUP SPONSORED COM 225401108 753 51,237 SH   SOLE NONE 51,237 0 0
DBX ETF TR XTRACK USD HIGH COM 233051432 38,432 751,646 SH   SOLE NONE 592,053 0 159,593
DDR CORP COM COM 23317H102 706 74,595 SH   SOLE NONE 74,595 0 0
DELTA AIR LINES INC DEL COM NE COM 247361702 1,159 23,658 SH   SOLE NONE 11,353 0 12,305
FLIR SYS INC COM COM 302445101 363 7,786 SH   SOLE NONE 7,786 0 0
FIRST TR LRG CP VL ALPHADEX CO COM 33735J101 6,010 122,477 SH   SOLE NONE 0 0 122,477
FIRST TR LRG CP GRWTH ALPHAD C COM 33735K108 5,623 105,083 SH   SOLE NONE 0 0 105,083
FIRST TR EXCH TRADED FD III HO COM 33739P871 206 6,445 SH   SOLE NONE 0 0 6,445
FIRST TR EXCH TRADED FD III HO COM 33739P889 440 20,597 SH   SOLE NONE 0 0 20,597
GLAXOSMITHKLINE PLC SPONSORED COM 37733W105 1,483 34,289 SH   SOLE NONE 16,110 0 18,179
GLOBAL X FDS SCIEN BETA US COM 37954Y103 7,602 271,796 SH   SOLE NONE 271,796 0 0
HSBC HLDGS PLC SPON ADR NEW COM 404280406 1,749 39,374 SH   SOLE NONE 16,989 0 22,385
HONEYWELL INTL INC COM COM 438516106 403 3,067 SH   SOLE NONE 0 0 3,067
HORIZON TECHNOLOGY FIN CORP CO COM 44045A102 123 10,732 SH   SOLE NONE 0 0 10,732
INTERNATIONAL BUSINESS MACHS C COM 459200101 1,560 10,154 SH   SOLE NONE 3,481 0 6,673
ISHARES TR CORE SP500 ETF COM 464287200 2,793 11,612 SH   SOLE NONE 0 0 11,612
ISHARES TR CORE US AGGBD ET COM 464287226 8,373 76,876 SH   SOLE NONE 0 0 76,876
ISHARES TR MSCI EMG MKT ETF COM 464287234 219 5,313 SH   SOLE NONE 0 0 5,313
ISHARES TR IBOXX INV CP ETF COM 464287242 45,373 381,188 SH   SOLE NONE 299,807 0 81,381
ISHARES TR SP 500 VAL ETF COM 464287408 371 3,580 SH   SOLE NONE 0 0 3,580
ISHARES TR BARCLAYS 7 10 YR COM 464287440 40,989 385,997 SH   SOLE NONE 304,090 0 81,907
ISHARES TR 1 3 YR TREAS BD COM 464287457 5,798 68,588 SH   SOLE NONE 0 0 68,588
ISHARES TR RUS MID CAP ETF COM 464287499 4,888 25,948 SH   SOLE NONE 0 0 25,948
ISHARES TR CORE SP MCP ETF COM 464287507 1,305 7,611 SH   SOLE NONE 0 0 7,611
ISHARES TR RUSSELL 2000 ETF COM 464287655 432 3,138 SH   SOLE NONE 0 0 3,138
ISHARES TR JPMORGAN USD EMG COM 464288281 43,027 374,248 SH   SOLE NONE 294,407 0 79,841
ISHARES TR NATIONAL MUN ETF COM 464288414 827 7,549 SH   SOLE NONE 0 0 7,549
ISHARES TR IBOXX HI YD ETF COM 464288513 4,277 48,617 SH   SOLE NONE 0 0 48,617
ISHARES TR 1 3 YR CR BD ETF COM 464288646 1,913 18,172 SH   SOLE NONE 0 0 18,172
ISHARES TR 3 7 YR TREAS BD COM 464288661 19,137 154,942 SH   SOLE NONE 122,388 0 32,554
ISHARES TR SHORT TREAS BD COM 464288679 398 3,609 SH   SOLE NONE 0 0 3,609
ISHARES TR SP US PFD STK COM 464288687 2,869 73,779 SH   SOLE NONE 0 0 73,779
ISHARES TR US AER DEF ETF COM 464288760 45,836 299,816 SH   SOLE NONE 233,767 0 66,049
ISHARES INC CORE MSCI EMKT COM 46434G103 99,138 1,984,750 SH   SOLE NONE 1,550,350 0 434,400
ISHARES TR EXPONENTIAL TECH COM 46434V381 23,206 744,496 SH   SOLE NONE 596,251 0 148,245
JOHNSON JOHNSON COM COM 478160104 741 5,996 SH   SOLE NONE 0 0 5,996
KELLOGG CO COM COM 487836108 662 9,350 SH   SOLE NONE 9,350 0 0
KIMBERLY CLARK CORP COM COM 494368103 1,926 15,046 SH   SOLE NONE 6,142 0 8,904
LOWES COS INC COM COM 548661107 2,034 23,982 SH   SOLE NONE 10,464 0 13,518
MEDLEY CAP CORP COM COM 58503F106 80 15,253 SH   SOLE NONE 0 0 15,253
MERCK CO INC COM COM 58933Y105 952 14,982 SH   SOLE NONE 0 0 14,982
MITSUBISHI UFJ FINL GROUP IN S COM 606822104 499 77,909 SH   SOLE NONE 77,909 0 0
MURPHY OIL CORP COM COM 626717102 209 6,728 SH   SOLE NONE 6,728 0 0
NRG ENERGY INC COM NEW COM 629377508 217 7,621 SH   SOLE NONE 7,621 0 0
NAVIENT CORPORATION COM COM 63938C108 146 10,954 SH   SOLE NONE 10,954 0 0
NOVARTIS A G SPONSORED ADR COM 66987V109 1,278 15,880 SH   SOLE NONE 6,038 0 9,842
NUCOR CORP COM COM 670346105 1,003 17,506 SH   SOLE NONE 17,506 0 0
PARK HOTELS RESORTS INC COM COM 700517105 719 28,851 SH   SOLE NONE 28,851 0 0
PEPSICO INC COM COM 713448108 644 5,705 SH   SOLE NONE 0 0 5,705
PFIZER INC COM COM 717081103 514 15,570 SH   SOLE NONE 15,570 0 0
POTASH CORP SASK INC COM COM 73755L107 1,050 50,829 SH   SOLE NONE 50,829 0 0
POWERSHARES ETF TRUST FINL PFD COM 73935X229 21,954 1,154,237 SH   SOLE NONE 902,706 0 251,531
POWERSHARES ETF TRUST DYNM LRG COM 73935X609 5,553 157,949 SH   SOLE NONE 0 0 157,949
POWERSHARES ETF TR II SP600 LO COM 73937B639 4,192 97,879 SH   SOLE NONE 0 0 97,879
POWERSHARES ETF TR II PWRSHS S COM 73937B654 7,353 185,631 SH   SOLE NONE 0 0 185,631
PROCTER AND GAMBLE CO COM COM 742718109 569 6,596 SH   SOLE NONE 0 0 6,596
RIO TINTO PLC SPONSORED ADR COM 767204100 649 16,784 SH   SOLE NONE 16,784 0 0
ROYAL DUTCH SHELL PLC SPONS AD COM 780259206 792 16,277 SH   SOLE NONE 16,277 0 0
RYDER SYS INC COM COM 783549108 259 3,073 SH   SOLE NONE 3,073 0 0
SPDR INDEX SHS FDS EURO STOXX COM 78463X202 105,160 2,689,524 SH   SOLE NONE 2,107,195 0 582,329
SPDR INDEX SHS FDS MSCI ACWI E COM 78463X848 14,356 403,607 SH   SOLE NONE 0 0 403,607
SPDR SERIES TRUST PORTFOLIO MD COM 78464A847 55,488 1,650,930 SH   SOLE NONE 1,290,964 0 359,966
SSGA ACTIVE ETF TR SPDR TR TAC COM 78467V848 35,613 725,602 SH   SOLE NONE 571,385 0 154,217
SANOFI SPONSORED ADR COM 80105N105 1,113 22,164 SH   SOLE NONE 0 0 22,164
SCHLUMBERGER LTD COM COM 806857108 920 12,953 SH   SOLE NONE 12,953 0 0
SMUCKER J M CO COM NEW COM 832696405 1,063 8,518 SH   SOLE NONE 8,518 0 0
SUMITOMO MITSUI FINL GROUP I S COM 86562M209 487 65,875 SH   SOLE NONE 65,875 0 0
THL CR INC COM COM 872438106 105 11,620 SH   SOLE NONE 0 0 11,620
TEGNA INC COM COM 87901J105 190 13,497 SH   SOLE NONE 13,497 0 0
TERADATA CORP DEL COM COM 88076W103 382 13,236 SH   SOLE NONE 13,236 0 0
TOTAL S A SPONSORED ADR COM 89151E109 1,823 33,792 SH   SOLE NONE 14,994 0 18,798
VANGUARD BD INDEX FD INC TOTAL COM 921937835 397 4,875 SH   SOLE NONE 0 0 4,875
VANGUARD WHITEHALL FDS INC HIG COM 921946406 50,011 648,825 SH   SOLE NONE 506,815 0 142,010
VANGUARD SCOTTSDALE FDS INT-TE COM 92206C870 26,996 310,054 SH   SOLE NONE 244,736 0 65,318
VANGUARD INDEX FDS GROWTH ETF COM 922908736 225,992 1,796,150 SH   SOLE NONE 1,378,628 0 417,522
VANGUARD INDEX FDS VALUE ETF COM 922908744 267,068 2,812,128 SH   SOLE NONE 2,147,040 0 665,088
VANGUARD INDEX FDS SMALL CP ET COM 922908751 26,799 201,255 SH   SOLE NONE 152,125 0 49,130
VIACOM INC NEW CL B COM 92553P201 1,101 31,804 SH   SOLE NONE 31,804 0 0
WAL-MART STORES INC COM COM 931142103 1,628 21,505 SH   SOLE NONE 11,318 0 10,187
WELLS FARGO CO NEW COM COM 949746101 1,123 21,187 SH   SOLE NONE 9,968 0 11,219
WESTERN UN CO COM COM 959802109 950 49,289 SH   SOLE NONE 49,289 0 0
WISDOMTREE TR JAPN HEDGE EQT COM 97717W851 69,154 1,326,057 SH   SOLE NONE 1,035,540 0 290,517
XCEL ENERGY INC COM COM 98389B100 605 13,268 SH   SOLE NONE 662 0 12,606
XEROX CORP COM NEW COM 984121608 203 6,947 SH   SOLE NONE 6,947 0 0
TRANSOCEAN LTD REG SHS COM H8817H100 260 24,451 SH   SOLE NONE 24,451 0 0
AFLAC INC COM COM 001055102 1,384 18,847 SH   DFND 1 0 0 18,847
AIR PRODS CHEMS INC COM COM 009158106 1,363 8,309 SH   DFND 1 0 0 8,309
ALEXANDRIA REAL ESTATE EQ IN C COM 015271109 1,664 12,744 SH   DFND 1 0 0 12,744
ALLIANT ENERGY CORP COM COM 018802108 420 10,602 SH   DFND 1 0 0 10,602
AMEREN CORP COM COM 023608102 585 10,646 SH   DFND 1 0 0 10,646
AMERICAN ELEC PWR INC COM COM 025537101 782 11,483 SH   DFND 1 0 0 11,483
AMERICAN EXPRESS CO COM COM 025816109 1,371 17,698 SH   DFND 1 0 0 17,698
AMERICAN INTL GROUP INC COM NE COM 026874784 1,031 16,911 SH   DFND 1 0 0 16,911
AMERICAN WTR WKS CO INC NEW CO COM 030420103 215 2,819 SH   DFND 1 0 0 2,819
AMETEK INC NEW COM COM 031100100 1,096 18,435 SH   DFND 1 0 0 18,435
AMPHENOL CORP NEW CL A COM 032095101 1,888 25,912 SH   DFND 1 0 0 25,912
APARTMENT INVT MGMT CO CL A COM 03748R101 1,246 28,505 SH   DFND 1 0 0 28,505
AVALONBAY CMNTYS INC COM COM 053484101 1,440 8,069 SH   DFND 1 0 0 8,069
BAXTER INTL INC COM COM 071813109 1,021 18,162 SH   DFND 1 0 0 18,162
BAY BANCORP INC COM COM 07203T106 272 22,217 SH   DFND 1 0 0 22,217
BERKSHIRE HATHAWAY INC DEL CL COM 084670702 2,013 10,153 SH   DFND 1 0 0 10,153
CBOE GLOBAL MARKETS INC COM COM 12503M108 1,025 8,227 SH   DFND 1 0 0 8,227
CMS ENERGY CORP COM COM 125896100 713 15,665 SH   DFND 1 0 0 15,665
CENTERPOINT ENERGY INC COM COM 15189T107 382 13,458 SH   DFND 1 0 0 13,458
CHEVRON CORP NEW COM COM 166764100 1,063 10,033 SH   DFND 1 0 0 10,033
COCA COLA CO COM COM 191216100 2,076 47,628 SH   DFND 1 0 0 47,628
COGNIZANT TECHNOLOGY SOLUTIO C COM 192446102 1,610 22,671 SH   DFND 1 0 0 22,671
CONSOLIDATED EDISON INC COM COM 209115104 519 6,500 SH   DFND 1 0 0 6,500
CONSTELLATION BRANDS INC CL A COM 21036P108 1,242 5,446 SH   DFND 1 0 0 5,446
DBX ETF TR XTRACK MSCI EAFE COM 233051200 11,129 360,988 SH   DFND 1 0 0 360,988
DTE ENERGY CO COM COM 233331107 784 7,437 SH   DFND 1 0 0 7,437
DANAHER CORP DEL COM COM 235851102 1,280 15,457 SH   DFND 1 0 0 15,457
DOMINION ENERGY INC COM COM 25746U109 612 7,858 SH   DFND 1 0 0 7,858
DUKE ENERGY CORP NEW COM NEW COM 26441C204 966 11,567 SH   DFND 1 0 0 11,567
ECOLAB INC COM COM 278865100 1,882 14,027 SH   DFND 1 0 0 14,027
ENTERGY CORP NEW COM COM 29364G103 397 5,239 SH   DFND 1 0 0 5,239
EQUITY RESIDENTIAL SH BEN INT COM 29476L107 1,525 23,498 SH   DFND 1 0 0 23,498
EVERSOURCE ENERGY COM COM 30040W108 736 12,289 SH   DFND 1 0 0 12,289
EXELON CORP COM COM 30161N101 378 9,581 SH   DFND 1 0 0 9,581
EXXON MOBIL CORP COM COM 30231G102 2,494 30,213 SH   DFND 1 0 0 30,213
FIDELITY NATL INFORMATION SV C COM 31620M106 1,916 23,051 SH   DFND 1 0 0 23,051
FIRST TR EXCHANGE TRADED FD CH COM 33733A102 310 9,040 SH   DFND 1 0 0 9,040
FIRST TR EXCHANGE TRADED FD DJ COM 33733E302 599 6,373 SH   DFND 1 0 0 6,373
FIRST TR BICK INDEX FD COM SHS COM 33733H107 286 11,180 SH   DFND 1 0 0 11,180
FIRST TR NASDAQ100 TECH INDE S COM 337345102 579 9,205 SH   DFND 1 0 0 9,205
FIRST TR EXCHANGE TRADED FD IN COM 33734X150 604 17,460 SH   DFND 1 0 0 17,460
FIRST TR EXCHANGE TRADED FD TE COM 33734X176 549 12,560 SH   DFND 1 0 0 12,560
FIRST TR EXCH TRD ALPHA FD I D COM 33737J174 304 5,587 SH   DFND 1 0 0 5,587
FIRST TR EXCH TRD ALPHA FD I G COM 33737J190 306 7,211 SH   DFND 1 0 0 7,211
FIRST TR EXCH TRD ALPHA FD I S COM 33737J232 328 6,766 SH   DFND 1 0 0 6,766
FIRST TR EXCHANGE TRADED FD NA COM 33738R860 633 24,702 SH   DFND 1 0 0 24,702
FISERV INC COM COM 337738108 1,789 14,934 SH   DFND 1 0 0 14,934
FORTIVE CORP COM COM 34959J108 1,116 15,421 SH   DFND 1 0 0 15,421
GALLAGHER ARTHUR J CO COM COM 363576109 1,821 28,778 SH   DFND 1 0 0 28,778
HARRIS CORP DEL COM COM 413875105 1,724 12,171 SH   DFND 1 0 0 12,171
HONEYWELL INTL INC COM COM 438516106 1,581 12,020 SH   DFND 1 0 0 12,020
ISHARES TR CORE US AGGBD ET COM 464287226 6,949 63,802 SH   DFND 1 0 0 63,802
ISHARES TR IBOXX INV CP ETF COM 464287242 3,389 28,473 SH   DFND 1 0 0 28,473
ISHARES TR RUS 1000 GRW ETF COM 464287614 7,804 66,505 SH   DFND 1 0 0 66,505
ISHARES TR EAFE SML CP ETF COM 464288273 4,412 76,993 SH   DFND 1 0 0 76,993
ISHARES TR IBOXX HI YD ETF COM 464288513 2,674 30,392 SH   DFND 1 0 0 30,392
ISHARES TR USA QUALITY FCTR COM 46432F339 4,748 64,849 SH   DFND 1 0 0 64,849
JOHNSON JOHNSON COM COM 478160104 1,166 9,432 SH   DFND 1 0 0 9,432
LILLY ELI CO COM COM 532457108 1,084 13,519 SH   DFND 1 0 0 13,519
LOCKHEED MARTIN CORP COM COM 539830109 1,463 5,395 SH   DFND 1 0 0 5,395
LOEWS CORP COM COM 540424108 1,577 34,457 SH   DFND 1 0 0 34,457
MARSH MCLENNAN COS INC COM COM 571748102 1,001 13,648 SH   DFND 1 0 0 13,648
MID AMER APT CMNTYS INC COM COM 59522J103 1,233 12,539 SH   DFND 1 0 0 12,539
MOODYS CORP COM COM 615369105 1,147 7,770 SH   DFND 1 0 0 7,770
NASDAQ INC COM COM 631103108 1,150 17,024 SH   DFND 1 0 0 17,024
NEXTERA ENERGY INC COM COM 65339F101 498 3,674 SH   DFND 1 0 0 3,674
NISOURCE INC COM COM 65473P105 237 9,750 SH   DFND 1 0 0 9,750
NORTHROP GRUMMAN CORP COM COM 666807102 937 3,788 SH   DFND 1 0 0 3,788
PPL CORP COM COM 69351T106 657 16,954 SH   DFND 1 0 0 16,954
PEPSICO INC COM COM 713448108 1,904 16,864 SH   DFND 1 0 0 16,864
PFIZER INC COM COM 717081103 1,403 42,494 SH   DFND 1 0 0 42,494
PHILIP MORRIS INTL INC COM COM 718172109 1,470 13,157 SH   DFND 1 0 0 13,157
PINNACLE WEST CAP CORP COM COM 723484101 677 7,988 SH   DFND 1 0 0 7,988
PROCTER AND GAMBLE CO COM COM 742718109 2,180 25,294 SH   DFND 1 0 0 25,294
PUBLIC SVC ENTERPRISE GROUP CO COM 744573106 250 5,854 SH   DFND 1 0 0 5,854
RAYTHEON CO COM NEW COM 755111507 999 5,342 SH   DFND 1 0 0 5,342
REALTY INCOME CORP COM COM 756109104 1,106 19,472 SH   DFND 1 0 0 19,472
REPUBLIC SVCS INC COM COM 760759100 1,588 25,335 SH   DFND 1 0 0 25,335
ROPER TECHNOLOGIES INC COM COM 776696106 997 4,502 SH   DFND 1 0 0 4,502
SPDR SP 500 ETF TR TR UNIT COM 78462F103 14,792 61,897 SH   DFND 1 0 0 61,897
SSGA ACTIVE ETF TR SPDR TR TAC COM 78467V848 3,418 69,634 SH   DFND 1 0 0 69,634
SEMPRA ENERGY COM COM 816851109 590 5,282 SH   DFND 1 0 0 5,282
SOUTHERN CO COM COM 842587107 522 10,477 SH   DFND 1 0 0 10,477
TORCHMARK CORP COM COM 891027104 1,476 19,619 SH   DFND 1 0 0 19,619
UDR INC COM COM 902653104 1,414 37,023 SH   DFND 1 0 0 37,023
US BANCORP DEL COM NEW COM 902973304 1,060 20,610 SH   DFND 1 0 0 20,610
VANGUARD BD INDEX FD INC TOTAL COM 921937835 7,597 93,384 SH   DFND 1 0 0 93,384
VANGUARD INTL EQUITY INDEX F A COM 922042775 6,387 128,141 SH   DFND 1 0 0 128,141
VANGUARD INTL EQUITY INDEX F F COM 922042858 11,802 288,336 SH   DFND 1 0 0 288,336
VENTAS INC COM COM 92276F100 1,236 18,818 SH   DFND 1 0 0 18,818
VANGUARD INDEX FDS MID CAP ETF COM 922908629 14,858 105,817 SH   DFND 1 0 0 105,817
VANGUARD INDEX FDS VALUE ETF COM 922908744 16,505 173,789 SH   DFND 1 0 0 173,789
VANGUARD INDEX FDS SMALL CP ET COM 922908751 5,335 40,063 SH   DFND 1 0 0 40,063
VERISIGN INC COM COM 92343E102 1,589 17,827 SH   DFND 1 0 0 17,827
WEC ENERGY GROUP INC COM COM 92939U106 540 8,208 SH   DFND 1 0 0 8,208
WASTE MGMT INC DEL COM COM 94106L109 1,282 17,815 SH   DFND 1 0 0 17,815
WELLTOWER INC COM COM 95040Q104 1,273 17,723 SH   DFND 1 0 0 17,723
XCEL ENERGY INC COM COM 98389B100 686 15,049 SH   DFND 1 0 0 15,049
SPDR Retail COM 78464A714 22,590 500,000 SH Call SOLE NONE 0 0 500,000