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
AGL RES INC COM 001204106 1,199 24,496 SH   SOLE   0 0 24,496
ALPS ETF TR ALERIAN MLP 00162Q866 3,974 225,037 SH   SOLE   0 0 225,037
AT&T INC COM 00206R102 851 24,253 SH   SOLE   0 0 24,253
ABBOTT LABS COM 002824100 503 13,070 SH   SOLE   0 0 13,070
ABBVIE INC COM 00287Y109 7,076 137,667 SH   SOLE   0 0 137,667
AGILENT TECHNOLOGIES INC COM 00846U101 217 3,879 SH   SOLE   0 0 3,879
AIR PRODUCTS & CHEMICALS COM 009158106 233 1,959 SH   SOLE   0 0 1,959
ALASKA AIR GROUP COM 011659109 1,526 16,355 SH   SOLE   0 0 16,355
ALCOA INC COM 013817101 188 14,619 SH   SOLE   0 0 14,619
ALLERGAN INC. COM 018490102 716 5,767 SH   SOLE   0 0 5,767
ALLIANT TECHSYSTEMS INC COM 018804104 2,687 18,904 SH   SOLE   0 0 18,904
ALTRIA GROUP INC. COM 02209S103 496 13,258 SH   SOLE   0 0 13,258
AMERICAN EXPRESS COMPANY COM 025816109 759 8,430 SH   SOLE   0 0 8,430
AMERICAN FINL GROUP INC COM 025932104 1,320 22,870 SH   SOLE   0 0 22,870
AMERISOURCE BERGEN CORP COM 03073E105 1,149 17,517 SH   SOLE   0 0 17,517
AMERIPRISE FINL INC COM 03076C106 5,941 53,979 SH   SOLE   0 0 53,979
AMGEN INC COM 031162100 6,889 55,853 SH   SOLE   0 0 55,853
AMSURG CORP COM 03232P405 315 6,696 SH   SOLE   0 0 6,696
ANADARKO PETE CORP COM 032511107 552 6,518 SH   SOLE   0 0 6,518
ANNALY MTG MGMT INC COM 035710409 2,521 229,801 SH   SOLE   0 0 229,801
ANTARES PHARMA INC COM 036642106 35 10,000 SH   SOLE   0 0 10,000
APPLE INC COM 037833100 6,761 12,596 SH   SOLE   0 0 12,596
APPLIED MATERIALS COM 038222105 285 13,955 SH   SOLE   0 0 13,955
ATWOOD OCEANICS INC COM 050095108 977 19,381 SH   SOLE   0 0 19,381
AUTOLIV INC COM 052800109 494 4,922 SH   SOLE   0 0 4,922
AUTOMATIC DATA PROCESSING INC COM 053015103 371 4,800 SH   SOLE   0 0 4,800
BB&T CORP COM 054937107 1,193 29,703 SH   SOLE   0 0 29,703
BP PLC SPONSORED ADR 055622104 4,870 101,252 SH   SOLE   0 0 101,252
BANK OF AMERICA CORP. COM 060505104 967 56,217 SH   SOLE   0 0 56,217
BANK OF MONTREAL COM 063671101 505 7,541 SH   SOLE   0 0 7,541
BANK OF THE OZARKS INC COM 063904106 502 7,376 SH   SOLE   0 0 7,376
BANK OF NEW YORK MELLON COM 064058100 556 15,749 SH   SOLE   0 0 15,749
BARCLAYS BK PLC IPSP CROIL ETN 06738C786 973 40,576 SH   SOLE   0 0 40,576
BARCLAYS BANK PLC ETN DJUBSCOTTN37 06739H271 1,019 17,512 SH   SOLE   0 0 17,512
BARCLAYS BANK PLC ETN DJUBSCOCO 37 06739H313 1,111 28,636 SH   SOLE   0 0 28,636
BARCLAYS BANK PLC ETN DJUBSLVSTK36 06739H743 976 30,688 SH   SOLE   0 0 30,688
BARCLAYS BK PLC IPATH DYNM VIX 06741L609 6,086 194,370 SH   SOLE   0 0 194,370
BE AEROSPACE INC COM 073302101 318 3,661 SH   SOLE   0 0 3,661
BERKSHIRE HATHAWAY INC - CL B CL B NEW 084670702 393 3,148 SH   SOLE   0 0 3,148
BLACKROCK INC COM 09247X101 293 933 SH   SOLE   0 0 933
BOEING COMPANY COM 097023105 3,691 29,415 SH   SOLE   0 0 29,415
BRISTOL MYERS SQUIBB CO. COM 110122108 853 16,426 SH   SOLE   0 0 16,426
BROCADE COMMUNICATIONS SYS INC COM NEW 111621306 181 17,057 SH   SOLE   0 0 17,057
BUCKEYE PARTNERS - LP UNIT LTD PARTN 118230101 272 3,630 SH   SOLE   0 0 3,630
CBS CORP CL B CL B 124857202 473 7,660 SH   SOLE   0 0 7,660
CIGNA CORP COM 125509109 229 2,739 SH   SOLE   0 0 2,739
CME GROUP INC COM 12572Q105 3,571 48,239 SH   SOLE   0 0 48,239
CSG SYS INTL INC COM 126349109 330 12,673 SH   SOLE   0 0 12,673
CSX CORP COM 126408103 273 9,436 SH   SOLE   0 0 9,436
CVS CAREMARK COM 126650100 2,672 35,699 SH   SOLE   0 0 35,699
CANADIAN IMPERIAL BK OF COMMERCE COM 136069101 489 5,676 SH   SOLE   0 0 5,676
CAPITAL ONE FINL CORP COM 14040H105 258 3,339 SH   SOLE   0 0 3,339
CATERPILLAR INC COM 149123101 320 3,219 SH   SOLE   0 0 3,219
CELGENE CORP COM 151020104 1,074 7,691 SH   SOLE   0 0 7,691
CHEVRON CORP COM 166764100 6,554 55,118 SH   SOLE   0 0 55,118
CHICAGO BRIDGE & IRON CO NV COM 167250109 513 5,887 SH   SOLE   0 0 5,887
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 481 5,371 SH   SOLE   0 0 5,371
CISCO SYSTEMS INC COM 17275R102 702 31,329 SH   SOLE   0 0 31,329
CITIGROUP INC COM NEW 172967424 482 10,122 SH   SOLE   0 0 10,122
CLAYMORE GUGGENHEIM SHIPPING GUGG SHIPPNG ETF 18383Q796 316 14,468 SH   SOLE   0 0 14,468
COCA-COLA COMPANY COM 191216100 659 17,045 SH   SOLE   0 0 17,045
COLUMBIA PPTY TR INC COM NEW 198287203 407 14,949 SH   SOLE   0 0 14,949
COMCAST CORP CL A CL A 20030N101 1,439 28,749 SH   SOLE   0 0 28,749
COMPUTER PROGRAMS & SYS INC COM 205306103 281 4,347 SH   SOLE   0 0 4,347
CONAGRA FOODS INC. COM 205887102 801 25,825 SH   SOLE   0 0 25,825
CONOCOPHILLIPS COM 20825C104 4,693 66,716 SH   SOLE   0 0 66,716
CORELOGIC INC COM 21871D103 387 12,875 SH   SOLE   0 0 12,875
CORNING COM 219350105 247 11,864 SH   SOLE   0 0 11,864
CREDIT ACCEPTANCE CORP COM 225310101 378 2,661 SH   SOLE   0 0 2,661
CREDIT SUISSE AG NASSAU BRH EXCHTRADE SHTERM 22539T613 2,748 392,000 SH   SOLE   0 0 392,000
CREDIT SUISSE NASSAU BRH INVRS VIX STERM 22542D795 7,530 238,220 SH   SOLE   0 0 238,220
CULLEN FROST BANKERS COM 229899109 385 4,970 SH   SOLE   0 0 4,970
DECKERS OUTDOOR CORP COM 243537107 498 6,251 SH   SOLE   0 0 6,251
DELUXE CORP COM 248019101 1,598 30,455 SH   SOLE   0 0 30,455
DEVON ENERGY CORP COM 25179M103 281 4,192 SH   SOLE   0 0 4,192
DISNEY WALT CO COM DISNEY 254687106 6,434 80,352 SH   SOLE   0 0 80,352
DISCOVER FINL SVCS INC COM 254709108 2,763 47,477 SH   SOLE   0 0 47,477
DIRECTV COM 25490A309 1,134 14,843 SH   SOLE   0 0 14,843
DOMINION RES INC COM 25746U109 339 4,769 SH   SOLE   0 0 4,769
DU PONT (E.I.) DE NEMOURS & CO. COM 263534109 672 10,017 SH   SOLE   0 0 10,017
EMC CORP COM 268648102 979 35,718 SH   SOLE   0 0 35,718
EOG RES INC COM 26875P101 1,201 6,122 SH   SOLE   0 0 6,122
ENCORE CAP GROUP INC COM 292554102 437 9,559 SH   SOLE   0 0 9,559
ENTERPRISE PRODS PARTNERS LP COM 293792107 204 2,940 SH   SOLE   0 0 2,940
EXPRESS SCRIPTS HLDG CO COM 30219G108 749 9,974 SH   SOLE   0 0 9,974
EXXON MOBIL CORP COM 30231G102 6,622 67,797 SH   SOLE   0 0 67,797
FBL FINANCIAL GROUP CL A 30239F106 206 4,763 SH   SOLE   0 0 4,763
FIDELITY NATL INFORMATION SVCS INC COM 31620M106 363 6,794 SH   SOLE   0 0 6,794
FINISH LINE INC CL A CL A 317923100 1,481 54,659 SH   SOLE   0 0 54,659
FIRST INTST BANCSYSTEM INC COM CL A COM CL A 32055Y201 323 11,438 SH   SOLE   0 0 11,438
FIRST NBC BANK HLDG CO COM 32115D106 217 6,214 SH   SOLE   0 0 6,214
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 7,231 122,479 SH   SOLE   0 0 122,479
FT ISE REVERE NATURAL GAS ETF COM 33734J102 1,359 65,660 SH   SOLE   0 0 65,660
FOOT LOCKER INC COM 344849104 382 8,140 SH   SOLE   0 0 8,140
FORD MOTOR CO COM PAR $0.00 345370860 325 20,846 SH   SOLE   0 0 20,846
FRANKLIN RESOURCES INC COM 354613101 891 16,444 SH   SOLE   0 0 16,444
G III APPAREL GROUP LTD COM 36237H101 413 5,772 SH   SOLE   0 0 5,772
GANNETT INC COM 364730101 4,662 168,903 SH   SOLE   0 0 168,903
GAP INC COM 364760108 233 5,805 SH   SOLE   0 0 5,805
GENERAL DYNAMICS CORP COM 369550108 270 2,478 SH   SOLE   0 0 2,478
GENERAL ELECTRIC CO COM 369604103 6,580 254,171 SH   SOLE   0 0 254,171
GENUINE PARTS CO COM 372460105 272 3,135 SH   SOLE   0 0 3,135
GERDAU SA SPON ADR REP PFD 373737105 495 77,293 SH   SOLE   0 0 77,293
GILEAD SCIENCES INC COM 375558103 636 8,977 SH   SOLE   0 0 8,977
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 286 5,358 SH   SOLE   0 0 5,358
GLOBAL PMTS INC COM 37940X102 427 6,010 SH   SOLE   0 0 6,010
GOLDMAN SACHS GROUP INC COM 38141G104 2,059 12,568 SH   SOLE   0 0 12,568
GOOGLE INC CL A CL A 38259P508 487 437 SH   SOLE   0 0 437
GRAND CANYON ED INC COM 38526M106 707 15,143 SH   SOLE   0 0 15,143
HAEMONETICS CORP COM 405024100 229 7,024 SH   SOLE   0 0 7,024
HALLIBURTON CO COM 406216101 274 4,651 SH   SOLE   0 0 4,651
HELMERICH & PAYNE INC COM 423452101 2,248 20,900 SH   SOLE   0 0 20,900
HESS CORP COM 42809H107 205 2,471 SH   SOLE   0 0 2,471
HEWLETT-PACKARD CO COM 428236103 5,691 175,853 SH   SOLE   0 0 175,853
HOME DEPOT INC COM 437076102 3,358 42,440 SH   SOLE   0 0 42,440
HONEYWELL INT'L INC COM 438516106 416 4,480 SH   SOLE   0 0 4,480
ICONIX BRAND GROUP INC COM 451055107 447 11,393 SH   SOLE   0 0 11,393
IDACORP INC COM COM 451107106 420 7,574 SH   SOLE   0 0 7,574
INTEL CORP COM 458140100 6,078 235,459 SH   SOLE   0 0 235,459
INTL BUSINESS MACHINES CORP COM 459200101 5,456 28,342 SH   SOLE   0 0 28,342
ISHARES MSCI FRNTR100ETF 464286145 6,702 184,875 SH   SOLE   0 0 184,875
ISHARES BELGIUM CAPD ETF 464286301 200 11,534 SH   SOLE   0 0 11,534
ISHARES EM MK MINVOL ETF 464286533 499 8,732 SH   SOLE   0 0 8,732
ISHARES EMU ETF 464286608 48,915 1,157,199 SH   SOLE   0 0 1,157,199
ISHARES MSCI FRANCE ETF 464286707 7,775 266,251 SH   SOLE   0 0 266,251
ISHARES MSCI SZ CAP ETF 464286749 7,350 214,032 SH   SOLE   0 0 214,032
ISHARES MSCI SWEDEN ETF 464286756 13,380 365,368 SH   SOLE   0 0 365,368
ISHARES MSCI SPAN CP ETF 464286764 14,730 361,022 SH   SOLE   0 0 361,022
ISHARES MSCI ITALCPD ETF 464286855 15,096 852,420 SH   SOLE   0 0 852,420
ISHARES S&P 100 ETF 464287101 3,689 44,544 SH   SOLE   0 0 44,544
ISHARES TIPS BD ETF 464287176 279 2,493 SH   SOLE   0 0 2,493
ISHARES CORE TOTUSBD ETF 464287226 291 2,694 SH   SOLE   0 0 2,694
ISHARES S&P 500 GRWT ETF 464287309 21,973 220,078 SH   SOLE   0 0 220,078
ISHARES 20+ YR TR BD ETF 464287432 2,689 24,650 SH   SOLE   0 0 24,650
ISHARES 7-10 Y TR BD ETF 464287440 366 3,598 SH   SOLE   0 0 3,598
ISHARES RUS MDCP VAL ETF 464287473 18,214 265,002 SH   SOLE   0 0 265,002
ISHARES RUS MD CP GR ETF 464287481 23,403 272,763 SH   SOLE   0 0 272,763
ISHARES RUS MID-CAP ETF 464287499 24,916 160,995 SH   SOLE   0 0 160,995
ISHARES PHLX SEMICND ETF 464287523 11,460 143,806 SH   SOLE   0 0 143,806
ISHARES NA TEC MULTM ETF 464287531 304 8,841 SH   SOLE   0 0 8,841
ISHARES NASDQ BIOTEC ETF 464287556 6,022 25,475 SH   SOLE   0 0 25,475
ISHARES RUS 2000 GRW ETF 464287648 31,191 229,248 SH   SOLE   0 0 229,248
ISHARES RUSSELL 2000 ETF 464287655 21,796 187,347 SH   SOLE   0 0 187,347
ISHARES U.S. TECH ETF 464287721 10,710 117,610 SH   SOLE   0 0 117,610
ISHARES U.S. BAS MTL ETF 464287838 14,789 177,606 SH   SOLE   0 0 177,606
ISHARES EUROPE ETF 464287861 23,077 477,980 SH   SOLE   0 0 477,980
ISHARES MSCI ACWI US ETF 464288240 2,952 63,391 SH   SOLE   0 0 63,391
ISHARES NAT AMT FREE BD 464288414 204 1,910 SH   SOLE   0 0 1,910
ISHARES INTL SEL DIV ETF 464288448 982 25,405 SH   SOLE   0 0 25,405
ISHARES IBOXX HI YD ETF 464288513 69,634 737,723 SH   SOLE   0 0 737,723
ISHARES U.S. PFD STK ETF 464288687 218 5,589 SH   SOLE   0 0 5,589
ISHARES U.S. AER&DEF ETF 464288760 4,765 43,653 SH   SOLE   0 0 43,653
ISHARES U.S. BR-DEAL ETF 464288794 10,046 260,252 SH   SOLE   0 0 260,252
ISHARES U.S. MED DVC ETF 464288810 4,690 47,467 SH   SOLE   0 0 47,467
ISHARES U.S. PHARMA ETF 464288836 7,924 62,550 SH   SOLE   0 0 62,550
ISHARES MICRO-CAP ETF 464288869 319 4,126 SH   SOLE   0 0 4,126
ISHARES TR HIGH DIVIDND ETF 46429B663 209 2,930 SH   SOLE   0 0 2,930
ISHARES INC CORE MSCI EMKT 46434G103 4,383 89,299 SH   SOLE   0 0 89,299
ITC HLDGS CORP COM 465685105 457 12,238 SH   SOLE   0 0 12,238
JP MORGAN CHASE & CO. COM 46625H100 7,991 131,631 SH   SOLE   0 0 131,631
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 1,978 42,506 SH   SOLE   0 0 42,506
JANUS CAP GROUP INC COM 47102X105 165 15,185 SH   SOLE   0 0 15,185
JOHNSON & JOHNSON COM 478160104 9,394 95,636 SH   SOLE   0 0 95,636
JOHNSON CONTROLS INC COM 478366107 4,943 104,454 SH   SOLE   0 0 104,454
KLA TENCOR CORP COM 482480100 7,322 105,902 SH   SOLE   0 0 105,902
KADANT INC COM 48282T104 285 7,808 SH   SOLE   0 0 7,808
KIMBERLY CLARK CORP COM 494368103 7,453 67,597 SH   SOLE   0 0 67,597
KINDER MORGAN ENERGY PARTNERS L.P. UT LTD PARTNER 494550106 302 4,089 SH   SOLE   0 0 4,089
KINDER MORGAN INC COM 49456B101 405 12,466 SH   SOLE   0 0 12,466
KONINKLIJKE PHILIPS ELECTRONICS NV NY REG SH NEW 500472303 204 5,804 SH   SOLE   0 0 5,804
KORN/FERRY INTL COM NEW 500643200 700 23,517 SH   SOLE   0 0 23,517
KRAFT FOODS GROUP INC COM 50076Q106 4,445 79,238 SH   SOLE   0 0 79,238
LANDSTAR SYSTEMS INC COM 515098101 657 11,100 SH   SOLE   0 0 11,100
LAS VEGAS SANDS CORP COM 517834107 4,599 56,934 SH   SOLE   0 0 56,934
LINCOLN NATL CORP COM 534187109 2,370 46,770 SH   SOLE   0 0 46,770
LOCKHEED MARTIN CORP COM 539830109 7,406 45,369 SH   SOLE   0 0 45,369
LOWES COS INC COM 548661107 713 14,572 SH   SOLE   0 0 14,572
MACYS INC COM 55616P104 358 6,030 SH   SOLE   0 0 6,030
MAGNA INTL INC COM 559222401 488 5,069 SH   SOLE   0 0 5,069
MARKET VECTORS GOLD MINERS ETF GOLD MINER ETF 57060U100 784 33,211 SH   SOLE   0 0 33,211
MARKET VECTORS AGRIBUSINESS ETF AGRIBUS ETF 57060U605 1,457 26,797 SH   SOLE   0 0 26,797
MARKET VECTORS INDIA SMALL CAP ETF INDIA SMALL CP 57061R551 7,485 208,192 SH   SOLE   0 0 208,192
MASCO CORP COM COM 574599106 412 18,560 SH   SOLE   0 0 18,560
MASTERCARD INC CL A CL A 57636Q104 846 11,330 SH   SOLE   0 0 11,330
MCCORMICK & CO INC NON-VOTING SHRS COM NON VTG 579780206 291 4,051 SH   SOLE   0 0 4,051
MCDONALD'S CORP COM 580135101 289 2,945 SH   SOLE   0 0 2,945
MCKESSON HBOC INC COM 58155Q103 213 1,205 SH   SOLE   0 0 1,205
MEDNAX INC COM 58502B106 1,859 29,989 SH   SOLE   0 0 29,989
MENTOR GRAPHICS CORP COM 587200106 488 22,148 SH   SOLE   0 0 22,148
MERCK & CO INC COM 58933Y105 9,526 167,805 SH   SOLE   0 0 167,805
METHANEX CORP COM 59151K108 429 6,711 SH   SOLE   0 0 6,711
METLIFE INC COM 59156R108 241 4,555 SH   SOLE   0 0 4,555
MICROSOFT CORP COM 594918104 8,330 203,209 SH   SOLE   0 0 203,209
MIDDLEBY CORP COM 596278101 500 1,893 SH   SOLE   0 0 1,893
MITSUBISHI UFJ FINL GROUP INC SPONSORED ADR 606822104 452 81,609 SH   SOLE   0 0 81,609
MONDELEZ INTL INC CL A CL A 609207105 269 7,791 SH   SOLE   0 0 7,791
MOODY'S CORP COM 615369105 208 2,620 SH   SOLE   0 0 2,620
MOTOROLA SOLUTIONS INC COM NEW 620076307 327 5,094 SH   SOLE   0 0 5,094
NVR INC COM 62944T105 1,316 1,147 SH   SOLE   0 0 1,147
NATIONAL PENN BANCSHARES INC COM 637138108 225 21,528 SH   SOLE   0 0 21,528
NET 1 UEPS TECHNOLOGIES COM NEW 64107N206 468 47,028 SH   SOLE   0 0 47,028
NETEASE.COM INC SPONSORED ADR 64110W102 466 6,923 SH   SOLE   0 0 6,923
NEUSTAR INC CL A CL A 64126X201 1,162 35,756 SH   SOLE   0 0 35,756
NEWS CORP NEW CL A CL A 65249B109 325 18,859 SH   SOLE   0 0 18,859
NEXTERA ENERGY INC COM 65339F101 7,788 81,444 SH   SOLE   0 0 81,444
NORDION INC COM 65563C105 520 45,126 SH   SOLE   0 0 45,126
NORFOLK SOUTHERN CORP COM 655844108 8,309 85,505 SH   SOLE   0 0 85,505
NOVO NORDISK A.S. ADR 670100205 319 6,987 SH   SOLE   0 0 6,987
OGE ENERGY CORP COM 670837103 289 7,874 SH   SOLE   0 0 7,874
OCCIDENTAL PETROLEUM CORP. COM 674599105 878 9,218 SH   SOLE   0 0 9,218
OLD REPUBLIC INTL CORP COM 680223104 176 10,741 SH   SOLE   0 0 10,741
OPEN TEXT CORP COM 683715106 449 9,406 SH   SOLE   0 0 9,406
ORACLE CORP COM 68389X105 202 4,935 SH   SOLE   0 0 4,935
OUTERWALL INC. COM 690070107 205 2,822 SH   SOLE   0 0 2,822
OWENS AND MINOR INC HLDGS CO INC COM 690732102 206 5,890 SH   SOLE   0 0 5,890
PNC FINL SVCS GROUP INC COM 693475105 6,602 75,889 SH   SOLE   0 0 75,889
PPG INDUSTRIES INC COM 693506107 4,490 23,210 SH   SOLE   0 0 23,210
PACKAGING CORP AMER COM 695156109 274 3,898 SH   SOLE   0 0 3,898
PEOPLES UTD FINL INC COM 712704105 170 11,435 SH   SOLE   0 0 11,435
PEPSICO INC COM 713448108 476 5,702 SH   SOLE   0 0 5,702
PERFICIENT INC COM 71375U101 194 10,729 SH   SOLE   0 0 10,729
PFIZER INC COM 717081103 8,937 278,245 SH   SOLE   0 0 278,245
PHILIP MORRIS INTL INC COM 718172109 3,737 45,642 SH   SOLE   0 0 45,642
PHILLIPS 66 COM 718546104 819 10,625 SH   SOLE   0 0 10,625
POLARIS INDUSTRIES, INC. COM 731068102 228 1,635 SH   SOLE   0 0 1,635
PORTFOLIO RECOVERY ASSOC INC COM 73640Q105 2,528 43,700 SH   SOLE   0 0 43,700
PORTLAND GEN ELEC CO COM NEW 736508847 209 6,462 SH   SOLE   0 0 6,462
POWERSHARES QQQ UNIT SER 0 73935A104 18,215 207,768 SH   SOLE   0 0 207,768
POWERSHARES GLOBAL LISTED PRIVATE EQUITY GBL LSTD PVT EQT 73935X195 4,868 400,621 SH   SOLE   0 0 400,621
POWERSHARES S&P 500 HIGH BETA S&P500 HGH BET 73937B829 22,804 732,776 SH   SOLE   0 0 732,776
POWERSHARES S&P SMALL-CAP MATERIALS S&P SMCP MAT P 73937B852 313 6,964 SH   SOLE   0 0 6,964
POWERSHARES S&P 600 SMALL CAP TECHNOLOGY S&P SMCP IT PO 73937B860 309 6,815 SH   SOLE   0 0 6,815
PRAXAIR INC COM 74005P104 211 1,608 SH   SOLE   0 0 1,608
PRIMERICA INC COM 74164M108 2,065 43,825 SH   SOLE   0 0 43,825
PROCTER & GAMBLE CO COM 742718109 1,993 24,724 SH   SOLE   0 0 24,724
PUBLIC SVC ENTERPRISES GROUP COM 744573106 670 17,570 SH   SOLE   0 0 17,570
QLOGIC CORP COM 747277101 222 17,398 SH   SOLE   0 0 17,398
QUALCOMM INC COM 747525103 10,178 129,059 SH   SOLE   0 0 129,059
RAYTHEON CO COM NEW 755111507 1,290 13,056 SH   SOLE   0 0 13,056
RESMED INC COM 761152107 244 5,460 SH   SOLE   0 0 5,460
RIO TINTO PLC SPONSORED ADR 767204100 470 8,414 SH   SOLE   0 0 8,414
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 9,223 126,363 SH   SOLE   0 0 126,363
SK TELECOM LTD SPONSORED ADR 78440P108 486 21,526 SH   SOLE   0 0 21,526
SPDR S&P 500 ETF TR UNIT 78462F103 44,484 237,871 SH   SOLE   0 0 237,871
SPDR INDEX SHS FDS EURO STOXX 49 78463X202 1,675 39,269 SH   SOLE   0 0 39,269
SPDR INDEX SHS FDS MSCI ACWI EXUS 78463X848 1,476 41,228 SH   SOLE   0 0 41,228
SPDR INDEX SHS FDS S&P INTL SMLCP 78463X871 989 29,172 SH   SOLE   0 0 29,172
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 1,920 39,675 SH   SOLE   0 0 39,675
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 70,306 1,701,494 SH   SOLE   0 0 1,701,494
SPDR SERIES TRUST S&P BK ETF 78464A797 7,490 220,032 SH   SOLE   0 0 220,032
SPDR S&P MIDCAP 400 UTSER1 S&PDCRP 78467Y107 8,600 34,322 SH   SOLE   0 0 34,322
SPDR SER TR SHT TRM HGH YLD 78468R408 270 8,706 SH   SOLE   0 0 8,706
SASOL LTD SPONSORED ADR 803866300 512 9,155 SH   SOLE   0 0 9,155
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 14,444 246,940 SH   SOLE   0 0 246,940
ENERGY SELECT SECTOR SPDR SBI INT-ENERGY 81369Y506 2,407 27,031 SH   SOLE   0 0 27,031
SHAW COMMUNICATIONS INC CL B CL B CONV 82028K200 489 20,463 SH   SOLE   0 0 20,463
SHIRE PLC SPONSORED ADR 82481R106 412 2,771 SH   SOLE   0 0 2,771
SIEMENS AG SPONSORED ADR 826197501 227 1,678 SH   SOLE   0 0 1,678
SMITH & NEPHEW PLC SPDN ADR NEW 83175M205 461 6,028 SH   SOLE   0 0 6,028
SNAP-ON INC. COM 833034101 1,916 16,886 SH   SOLE   0 0 16,886
SOUTHERN COPPER COM 84265V105 317 10,898 SH   SOLE   0 0 10,898
SPARTAN STORES INC COM 846822104 205 8,824 SH   SOLE   0 0 8,824
SPIRIT AIRLS INC COM 848577102 203 3,414 SH   SOLE   0 0 3,414
SPIRIT RLTY CAP INC COM 84860W102 130 11,802 SH   SOLE   0 0 11,802
STANLEY BLACK & DECKER INC COM 854502101 297 3,652 SH   SOLE   0 0 3,652
SYMETRA FINL CORP COM 87151Q106 299 15,069 SH   SOLE   0 0 15,069
SYNAPTICS INC COM 87157D109 2,146 35,752 SH   SOLE   0 0 35,752
SYNTEL INC COM 87162H103 1,837 20,429 SH   SOLE   0 0 20,429
SYNNEX CORP COM 87162W100 205 3,380 SH   SOLE   0 0 3,380
SYSCO CORP COM 871829107 265 7,328 SH   SOLE   0 0 7,328
TJX COMPANIES INC COM 872540109 682 11,241 SH   SOLE   0 0 11,241
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 1,961 24,029 SH   SOLE   0 0 24,029
TESCO CORP COM 88157K101 294 15,896 SH   SOLE   0 0 15,896
TEXAS CAP BANCSHARES INC COM 88224Q107 480 7,393 SH   SOLE   0 0 7,393
THERMO FISHER SCIENTIFIC COM 883556102 629 5,235 SH   SOLE   0 0 5,235
THOR INDS INC COM 885160101 1,459 23,896 SH   SOLE   0 0 23,896
3M CO. COM 88579Y101 6,593 48,602 SH   SOLE   0 0 48,602
TIME WARNER INC COM NEW 887317303 466 7,132 SH   SOLE   0 0 7,132
TIME WARNER CABLE INC COM 88732J207 3,465 25,260 SH   SOLE   0 0 25,260
TOMPKINS FINL CORP COM 890110109 302 6,160 SH   SOLE   0 0 6,160
TORCHMARK CORP COM 891027104 1,061 13,477 SH   SOLE   0 0 13,477
TORONTO DOMINION BK COM NEW 891160509 456 9,704 SH   SOLE   0 0 9,704
TOWERS WATSON & CO CL A CL A 891894107 1,423 12,477 SH   SOLE   0 0 12,477
TOYOTA MTR CO SP ADR REP2COM 892331307 464 4,110 SH   SOLE   0 0 4,110
TRAVELERS COS INC COM 89417E109 298 3,500 SH   SOLE   0 0 3,500
TUPPERWARE CORP COM 899896104 233 2,781 SH   SOLE   0 0 2,781
US BANCORP COM NEW 902973304 6,140 143,258 SH   SOLE   0 0 143,258
UNIFIRST CORP COM 904708104 407 3,705 SH   SOLE   0 0 3,705
UNION PACIFIC CORP COM 907818108 830 4,425 SH   SOLE   0 0 4,425
UNITED PARCEL SVC INC CL B CL B 911312106 5,213 53,535 SH   SOLE   0 0 53,535
UNITED STATES COMMODITY INDEX COMM IDX FND 911717106 231 3,948 SH   SOLE   0 0 3,948
UNITED TECHNOLOGIES CORP COM 913017109 1,023 8,758 SH   SOLE   0 0 8,758
UNITEDHEALTH GROUP INC COM 91324P102 442 5,390 SH   SOLE   0 0 5,390
US ECOLOGY INC COM 91732J102 256 6,884 SH   SOLE   0 0 6,884
VF CORP COM 918204108 437 7,069 SH   SOLE   0 0 7,069
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 250 3,125 SH   SOLE   0 0 3,125
VANGUARD EMERGING MARKETS ETF FTSE EMR MKT ETF 922042858 3,830 94,376 SH   SOLE   0 0 94,376
VENTAS INC COM 92276F100 2,675 44,163 SH   SOLE   0 0 44,163
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VERIZON COMMUNICATIONS COM 92343V104 6,754 141,971 SH   SOLE   0 0 141,971
WAL MART STORES INC COM 931142103 287 3,758 SH   SOLE   0 0 3,758
WELLPOINT INC COM 94973V107 6,191 62,191 SH   SOLE   0 0 62,191
WELLS FARGO & CO COM 949746101 12,670 254,717 SH   SOLE   0 0 254,717
WESTLAKE CHEM CORP COM 960413102 1,737 26,253 SH   SOLE   0 0 26,253
WHIRLPOOL CORP COM 963320106 292 1,954 SH   SOLE   0 0 1,954
WHITING PETROLEUM CORP COM 966387102 317 4,572 SH   SOLE   0 0 4,572
WILLIAMS COS INC COM 969457100 4,376 107,838 SH   SOLE   0 0 107,838
WISCONSIN ENERGY CORP COM 976657106 10,383 223,056 SH   SOLE   0 0 223,056
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WYNDHAM WORLDWIDE CORP COM 98310W108 315 4,300 SH   SOLE   0 0 4,300
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COVIDIEN PLC SHS G2554F113 351 4,766 SH   SOLE   0 0 4,766
EATON CORP PLC SHS G29183103 3,676 48,933 SH   SOLE   0 0 48,933
INVESCO LTD SHS G491BT108 720 19,460 SH   SOLE   0 0 19,460
MAIDEN HLDGS LTD SHS G5753U112 515 41,236 SH   SOLE   0 0 41,236
MALLINCKRODT PUB LTD CO SHS G5785G107 441 6,960 SH   SOLE   0 0 6,960
MICHAEL KORS HLDGS LTD SHS G60754101 451 4,837 SH   SOLE   0 0 4,837
PARTNERRE COM G6852T105 500 4,827 SH   SOLE   0 0 4,827
SEADRILL LTD SHS G7945E105 374 10,639 SH   SOLE   0 0 10,639
XL GROUP PLC SHS G98290102 494 15,796 SH   SOLE   0 0 15,796
ACE LTD SHS H0023R105 872 8,801 SH   SOLE   0 0 8,801
ALLIED WORLD ASSURANCE CO HLDGS AG SHS H01531104 484 4,688 SH   SOLE   0 0 4,688
TE CONNECTIVITY LTD REG SHS H84989104 477 7,920 SH   SOLE   0 0 7,920
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 465 4,190 SH   SOLE   0 0 4,190
LYONDELLBASELL INDUSTRIES NV SHS - A - N53745100 7,593 85,370 SH   SOLE   0 0 85,370
NIELSEN HOLDINGS BV COM N63218106 448 10,036 SH   SOLE   0 0 10,036
VISTAPRINT NV SHS N93540107 443 9,005 SH   SOLE   0 0 9,005
COPA HOLDING SA CL A CL A P31076105 498 3,431 SH   SOLE   0 0 3,431
AVAGO TECHNOLOGIES LTD SHS Y0486S104 482 7,491 SH   SOLE   0 0 7,491