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
ACE LTD SHS H0023R105 894 9,557 SH   SOLE   9,557 0 0
AFFILIATED MANAGERS GROUP COM 008252108 267 1,462 SH   SOLE   1,462 0 0
AFLAC INC COM 001055102 812 13,101 SH   SOLE   13,101 0 0
ALLEGHANY CORP DEL COM 017175100 265 646 SH   SOLE   646 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 288 1,363 SH   SOLE   1,363 0 0
ALLIED WRLD ASSUR COM HLDG A SHS H01531104 228 2,295 SH   SOLE   2,295 0 0
ALLSTATE CORP COM 020002101 666 13,167 SH   SOLE   13,167 0 0
ALUMINUM CORP CHINA LTD SPON ADR H SHS 022276109 120 13,049 SH   SOLE   13,049 0 0
AMAZON COM INC COM 023135106 791 2,531 SH   SOLE   2,531 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 381 16,891 SH   SOLE   16,891 0 0
AMERICAN EXPRESS CO COM 025816109 2,010 26,614 SH   SOLE   26,614 0 0
AMERICAN INTL GROUP INC COM 026874784 2,017 41,481 SH   SOLE   41,481 0 0
AMERICAN TOWER CORP NEW COM 03027X100 824 11,119 SH   SOLE   11,119 0 0
AMERIPRISE FINL INC COM 03076C106 516 5,665 SH   SOLE   5,665 0 0
ANNALY CAP MGMT INC COM 035710409 304 26,295 SH   SOLE   26,295 0 0
AON PLC SHS CL A G0408V102 646 8,680 SH   SOLE   8,680 0 0
APPLE INC COM 037833100 223 467 SH   SOLE   467 0 0
AVALONBAY CMNTYS INC COM 053484101 462 3,639 SH   SOLE   3,639 0 0
BAIDU INC SPON ADR REP A 056752108 882 5,683 SH   SOLE   5,683 0 0
BANK NEW YORK MELLON CORP COM 064058100 984 32,600 SH   SOLE   32,600 0 0
BANK OF AMERICA CORPORATION COM 060505104 4,179 302,833 SH   SOLE   302,833 0 0
BB&T CORP COM 054937107 665 19,716 SH   SOLE   19,716 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 5,740 50,564 SH   SOLE   50,564 0 0
BLACKROCK INC COM 09247X101 991 3,662 SH   SOLE   3,662 0 0
BOSTON PROPERTIES INC COM 101121101 456 4,263 SH   SOLE   4,263 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,128 16,409 SH   SOLE   16,409 0 0
CHIMERA INVT CORP COM 16934Q109 87 28,519 SH   SOLE   28,519 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 486 12,512 SH   SOLE   12,512 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 949 16,811 SH   SOLE   16,811 0 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 506 6,465 SH   SOLE   6,465 0 0
CHINA TELECOM CORP LTD SPON ADR H SHS 169426103 291 5,891 SH   SOLE   5,891 0 0
CHINA UNICOM (HONG KONG) LTD SPONSORED ADR 16945R104 293 18,979 SH   SOLE   18,979 0 0
CHUBB CORP COM 171232101 651 7,288 SH   SOLE   7,288 0 0
CINCINNATI FINL CORP COM 172062101 216 4,590 SH   SOLE   4,590 0 0
CIT GROUP INC COM 125581801 272 5,586 SH   SOLE   5,586 0 0
CITIGROUP INC COM 172967424 4,146 85,473 SH   SOLE   85,473 0 0
CME GROUP INC COM 12572Q105 712 9,639 SH   SOLE   9,639 0 0
CNOOC LTD SPONSORED ADR 126132109 663 3,283 SH   SOLE   3,283 0 0
COMERICA INC COM 200340107 206 5,241 SH   SOLE   5,241 0 0
COSTCO WHSL CORP NEW COM 22160K105 387 3,360 SH   SOLE   3,360 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 336 5,756 SH   SOLE   5,756 0 0
DISCOVER FINL SVCS COM 254709108 696 13,778 SH   SOLE   13,778 0 0
EQUIFAX INC COM 294429105 203 3,384 SH   SOLE   3,384 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 541 10,107 SH   SOLE   10,107 0 0
EVEREST RE GROUP LTD COM G3223R108 201 1,384 SH   SOLE   1,384 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 382 8,230 SH   SOLE   8,230 0 0
FIFTH THIRD BANCORP COM 316773100 444 24,588 SH   SOLE   24,588 0 0
FISERV INC COM 337738108 452 4,475 SH   SOLE   4,475 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 208 1,886 SH   SOLE   1,886 0 0
FRANKLIN RES INC COM 354613101 583 11,542 SH   SOLE   11,542 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 318 16,505 SH   SOLE   16,505 0 0
GENWORTH FINL INC COM CL A 37247D106 177 13,860 SH   SOLE   13,860 0 0
GIANT INTERACTIVE GROUP INC ADR 374511103 99 10,908 SH   SOLE   10,908 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 2,036 12,869 SH   SOLE   12,869 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 398 12,800 SH   SOLE   12,800 0 0
HCC INS HLDGS INC COM 404132102 241 5,509 SH   SOLE   5,509 0 0
HCP INC COM 40414L109 523 12,769 SH   SOLE   12,769 0 0
HEALTH CARE REIT INC COM 42217K106 499 7,995 SH   SOLE   7,995 0 0
HEALTHCARE TR AMER INC CL A 42225P105 113 10,732 SH   SOLE   10,732 0 0
HOME DEPOT INC COM 437076102 690 9,098 SH   SOLE   9,098 0 0
HOST HOTELS & RESORTS INC COM 44107P104 370 20,928 SH   SOLE   20,928 0 0
HUDSON CITY BANCORP COM 443683107 134 14,823 SH   SOLE   14,823 0 0
HUNTINGTON BANCSHARES INC COM 446150104 291 35,206 SH   SOLE   35,206 0 0
INTERCONTINENTALEXCHANGE INC COM 45865V100 370 2,038 SH   SOLE   2,038 0 0
INVESCO LTD SHS G491BT108 417 13,083 SH   SOLE   13,083 0 0
ISHARES 20+ YR TR BD ETF 464287432 13,457 126,478 SH   SOLE   126,478 0 0
ISHARES CORE TOTUSBD ETF 464287226 584 5,448 SH   SOLE   5,448 0 0
ISHARES IBOXX HI YD ETF 464288513 26,684 291,432 SH   SOLE   291,432 0 0
ISHARES LATN AMER 40 ETF 464287390 8,508 222,376 SH   SOLE   222,376 0 0
ISHARES MSCI BRZ CAP ETF 464286400 3,231 67,442 SH   SOLE   67,442 0 0
ISHARES MSCI EAFE ETF 464287465 3,414 53,525 SH   SOLE   53,525 0 0
ISHARES MSCI EMG MKT ETF 464287234 57,657 1,414,209 SH   SOLE   1,414,209 0 0
ISHARES MSCI JAPAN ETF 464286848 1,967 165,139 SH   SOLE   165,139 0 0
ISHARES MSCI PAC JP ETF 464286665 289 6,061 SH   SOLE   6,061 0 0
ISHARES MSCI STH KOR ETF 464286772 485 7,881 SH   SOLE   7,881 0 0
ISHARES MSCI UK ETF 464286699 1,000 50,953 SH   SOLE   50,953 0 0
ISHARES RUS 1000 VAL ETF 464287598 1,557 18,066 SH   SOLE   18,066 0 0
ISHARES RUS 2000 GRW ETF 464287648 293 2,331 SH   SOLE   2,331 0 0
ISHARES RUS 2000 VAL ETF 464287630 292 3,185 SH   SOLE   3,185 0 0
ISHARES RUSSELL 2000 ETF 464287655 8,298 77,824 SH   SOLE   77,824 0 0
ISHARES S&P GSCI COMMODITY I UNIT BEN INT 46428R107 281 8,688 SH   SOLE   8,688 0 0
JPMORGAN CHASE & CO COM 46625H100 5,488 106,180 SH   SOLE   106,180 0 0
KEYCORP NEW COM 493267108 384 33,686 SH   SOLE   33,686 0 0
KIMCO RLTY CORP COM 49446R109 232 11,481 SH   SOLE   11,481 0 0
LEUCADIA NATL CORP COM 527288104 226 8,311 SH   SOLE   8,311 0 0
LINCOLN NATL CORP IND COM 534187109 334 7,950 SH   SOLE   7,950 0 0
LOEWS CORP COM 540424108 403 8,625 SH   SOLE   8,625 0 0
LOWES COS INC COM 548661107 376 7,894 SH   SOLE   7,894 0 0
M & T BK CORP COM 55261F104 406 3,626 SH   SOLE   3,626 0 0
MACERICH CO COM 554382101 271 4,803 SH   SOLE   4,803 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 190,595 7,605,544 SH   SOLE   7,605,544 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 1,505 53,415 SH   SOLE   53,415 0 0
MARSH & MCLENNAN COS INC COM 571748102 674 15,487 SH   SOLE   15,487 0 0
MASTERCARD INC CL A 57636Q104 2,203 3,275 SH   SOLE   3,275 0 0
METLIFE INC COM 59156R108 1,183 25,194 SH   SOLE   25,194 0 0
MFA FINL INC COM 55272X102 75 10,029 SH   SOLE   10,029 0 0
MOODYS CORP COM 615369105 384 5,458 SH   SOLE   5,458 0 0
MORGAN STANLEY COM 617446448 1,152 42,738 SH   SOLE   42,738 0 0
NETEASE INC SPONSORED ADR 64110W102 250 3,438 SH   SOLE   3,438 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 185 12,238 SH   SOLE   12,238 0 0
NORTHERN TR CORP COM 665859104 365 6,710 SH   SOLE   6,710 0 0
NYSE EURONEXT COM 629491101 286 6,822 SH   SOLE   6,822 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 550 5,002 SH   SOLE   5,002 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 721 6,874 SH   SOLE   6,874 0 0
PLUM CREEK TIMBER CO INC COM 729251108 214 4,573 SH   SOLE   4,573 0 0
PNC FINL SVCS GROUP INC COM 693475105 1,077 14,871 SH   SOLE   14,871 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 1,725 69,907 SH   SOLE   69,907 0 0
POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT 73936T573 443 16,192 SH   SOLE   16,192 0 0
POWERSHARES INDIA ETF TR INDIA PORT 73935L100 1,650 103,297 SH   SOLE   103,297 0 0
PRICE T ROWE GROUP INC COM 74144T108 524 7,284 SH   SOLE   7,284 0 0
PRINCIPAL FINL GROUP INC COM 74251V102 466 10,884 SH   SOLE   10,884 0 0
PROGRESSIVE CORP OHIO COM 743315103 461 16,922 SH   SOLE   16,922 0 0
PROLOGIS INC COM 74340W103 526 13,992 SH   SOLE   13,992 0 0
PRUDENTIAL FINL INC COM 744320102 1,113 14,277 SH   SOLE   14,277 0 0
PUBLIC STORAGE COM 74460D109 645 4,019 SH   SOLE   4,019 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 275 3,306 SH   SOLE   3,306 0 0
QUICKSILVER RESOURCES INC COM 74837R104 33 16,813 SH   SOLE   16,813 0 0
REALTY INCOME CORP COM 756109104 216 5,440 SH   SOLE   5,440 0 0
REGIONS FINL CORP NEW COM 7591EP100 368 39,693 SH   SOLE   39,693 0 0
REINSURANCE GROUP AMER INC COM 759351604 251 3,741 SH   SOLE   3,741 0 0
RENESOLA LTD SPONS ADS 75971T103 60 12,106 SH   SOLE   12,106 0 0
SCHWAB CHARLES CORP NEW COM 808513105 652 30,856 SH   SOLE   30,856 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 20,869 412,666 SH   SOLE   412,666 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 15,833 191,037 SH   SOLE   191,037 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 2,383 74,409 SH   SOLE   74,409 0 0
SEMICONDUCTOR MFG INTL CORP SPONSORED ADR 81663N206 125 35,964 SH   SOLE   35,964 0 0
SHANDA GAMES LTD SP ADR REPTG A 81941U105 43 10,917 SH   SOLE   10,917 0 0
SIMON PPTY GROUP INC NEW COM 828806109 1,343 9,061 SH   SOLE   9,061 0 0
SIRIUS XM RADIO INC COM 82967N108 74 19,211 SH   SOLE   19,211 0 0
SL GREEN RLTY CORP COM 78440X101 226 2,544 SH   SOLE   2,544 0 0
SLM CORP COM 78442P106 311 12,475 SH   SOLE   12,475 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,774 10,554 SH   SOLE   10,554 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 573 2,532 SH   SOLE   2,532 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 26,655 669,063 SH   SOLE   669,063 0 0
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 1,759 30,130 SH   SOLE   30,130 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 94 10,272 SH   SOLE   10,272 0 0
STATE STR CORP COM 857477103 842 12,811 SH   SOLE   12,811 0 0
SUNTRUST BKS INC COM 867914103 492 15,170 SH   SOLE   15,170 0 0
SYNOVUS FINL CORP COM 87161C105 165 50,099 SH   SOLE   50,099 0 0
TARGET CORP COM 87612E106 256 3,997 SH   SOLE   3,997 0 0
THOMSON REUTERS CORP COM 884903105 363 10,366 SH   SOLE   10,366 0 0
TJX COS INC NEW COM 872540109 272 4,821 SH   SOLE   4,821 0 0
TRAVELERS COMPANIES INC COM 89417E109 896 10,571 SH   SOLE   10,571 0 0
TWO HBRS INVT CORP COM 90187B101 98 10,144 SH   SOLE   10,144 0 0
UDR INC COM 902653104 234 9,894 SH   SOLE   9,894 0 0
UNUM GROUP COM 91529Y106 228 7,493 SH   SOLE   7,493 0 0
US BANCORP DEL COM 902973304 1,901 51,961 SH   SOLE   51,961 0 0
VANGUARD INDEX FDS REIT ETF 922908553 32,401 489,737 SH   SOLE   489,737 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 1,447 26,540 SH   SOLE   26,540 0 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 292 5,150 SH   SOLE   5,150 0 0
VENTAS INC COM 92276F100 506 8,233 SH   SOLE   8,233 0 0
VISA INC COM CL A 92826C839 2,805 14,678 SH   SOLE   14,678 0 0
VORNADO RLTY TR SH BEN INT 929042109 441 5,252 SH   SOLE   5,252 0 0
WAL-MART STORES INC COM 931142103 743 10,048 SH   SOLE   10,048 0 0
WELLS FARGO & CO NEW COM 949746101 5,604 135,628 SH   SOLE   135,628 0 0
WESTERN UN CO COM 959802109 292 15,652 SH   SOLE   15,652 0 0
WEYERHAEUSER CO COM 962166104 468 16,355 SH   SOLE   16,355 0 0
XL GROUP PLC SHS G98290102 358 11,606 SH   SOLE   11,606 0 0
YANZHOU COAL MNG CO LTD SPON ADR H SHS 984846105 139 14,544 SH   SOLE   14,544 0 0
YINGLI GREEN ENERGY HLDG CO ADR 98584B103 89 12,753 SH   SOLE   12,753 0 0
YOUKU TUDOU INC SPONSORED ADR 98742U100 211 7,684 SH   SOLE   7,684 0 0