<SEC-DOCUMENT>0001085146-11-000746.txt : 20110714
<SEC-HEADER>0001085146-11-000746.hdr.sgml : 20110714
<ACCEPTANCE-DATETIME>20110714132154
ACCESSION NUMBER:		0001085146-11-000746
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110630
FILED AS OF DATE:		20110714
DATE AS OF CHANGE:		20110714
EFFECTIVENESS DATE:		20110714

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			National Planning Corp
		CENTRAL INDEX KEY:			0001492262
		IRS NUMBER:				383023534
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-13971
		FILM NUMBER:		11967499

	BUSINESS ADDRESS:	
		STREET 1:		401 WILSHIRE BLVD
		STREET 2:		SUITE 1100
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401
		BUSINESS PHONE:		888-711-6720

	MAIL ADDRESS:	
		STREET 1:		401 WILSHIRE BLVD
		STREET 2:		SUITE 1100
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>npc2q2011.txt
<DESCRIPTION>NATIONAL PLANNING CORPORATION
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                    Form 13F

                              Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: June 30, 2011

Check here if Amendment [  ]; Amendment Number:
This Amendment (Check only one.): [  ] is a restatement.
                                  [  ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:    National Planning Corporation
Address: 401 Wilshire Boulevard, Suite 1100
         Santa Monica, CA  90401

13F File Number:  028-13971

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:      Sean Haley
Title:     Chief Compliance Officer
Phone:     (310)-899-7813

Signature, Place, and Date of Signing:

 /s/ Sean Haley     Santa Monica, CA     July 13, 2011

Report Type (Check only one.):

[ X]         13F HOLDINGS REPORT.

[  ]         13F NOTICE.

[  ]         13F COMBINATION REPORT.

<PAGE>

                              FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:         0

Form 13F Information Table Entry Total:    430

Form 13F Information Table Value Total:    $1,072,274 (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.

NONE

<PAGE>

<TABLE>                       <C>             <C>
                                                     FORM 13F INFORMATION TABLE
                                                             VALUE  SHARES/ SH/ PUT/ INVSTMT  OTHER            VOTING AUTHORITY
NAME OF ISSUER                 TITLE OF CLASS   CUSIP     (x$1000)  PRN AMT PRN CALL DSCRETN MANAGERS         SOLE   SHARED     NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3M CO                          COM              88579Y101      566     5841 SH       SOLE                        0        0     5841
AASTROM BIOSCIENCES INC        COM NEW          00253U305      294   105000 SH       SOLE                        0        0   105000
ABBOTT LABS                    COM              002824100     1043    19638 SH       SOLE                        0        0    19638
ABERDEEN ASIA PACIFIC INCOM    COM              003009107     1149   156522 SH       SOLE                        0        0   156522
ABERDEEN GLOBAL INCOME FD IN   COM              003013109      162    12000 SH       SOLE                        0        0    12000
ADVISORSHARES TR               CAMBRIA GL TAC   00768Y800     2003    76656 SH       SOLE                        0        0    76656
AGIC CONV & INCOME FD          COM              001190107      718    68973 SH       SOLE                        0        0    68973
AGNICO EAGLE MINES LTD         COM              008474108      518     8223 SH       SOLE                        0        0     8223
AIR T INC                      COM              009207101      290    30700 SH       SOLE                        0        0    30700
ALCOA INC                      COM              013817101      566    35242 SH       SOLE                        0        0    35242
ALLIANCEBERNSTEIN GBL HGH IN   COM              01879R106     8116   534100 SH       SOLE                        0        0   534100
ALLIANCEBERNSTEIN INCOME FUN   COM              01881E101      224    28598 SH       SOLE                        0        0    28598
ALLIANCEBERNSTEIN NATL MUNI    COM              01864U106      158    11542 SH       SOLE                        0        0    11542
ALPINE TOTAL DYNAMIC DIVID F   COM SBI          021060108      112    18537 SH       SOLE                        0        0    18537
ALPS ETF TR                    ALERIAN MLP      00162Q866      183    11565 SH       SOLE                        0        0    11565
ALTRIA GROUP INC               COM              02209S103     1581    59204 SH       SOLE                        0        0    59204
AMEREN CORP                    COM              023608102      275     9401 SH       SOLE                        0        0     9401
AMERICAN CAPITAL AGENCY CORP   COM              02503X105     1578    52297 SH       SOLE                        0        0    52297
AMERICAN ELEC PWR INC          COM              025537101      253     6480 SH       SOLE                        0        0     6480
AMERICAN EXPRESS CO            COM              025816109      383     7241 SH       SOLE                        0        0     7241
AMERICAN SELECT PORTFOLIO IN   COM              029570108      340    31700 SH       SOLE                        0        0    31700
AMERIGAS PARTNERS L P          UNIT L P INT     030975106      362     7871 SH       SOLE                        0        0     7871
ANNALY CAP MGMT INC            COM              035710409    10105   549969 SH       SOLE                        0        0   549969
ANWORTH MORTGAGE ASSET CP      COM              037347101      606    77600 SH       SOLE                        0        0    77600
APOLLO INVT CORP               COM              03761U106      234    23400 SH       SOLE                        0        0    23400
APPLE INC                      COM              037833100     2333     6634 SH       SOLE                        0        0     6634
ARENA PHARMACEUTICALS INC      COM              040047102       40    27000 SH       SOLE                        0        0    27000
ARES CAP CORP                  COM              04010L103      735    46064 SH       SOLE                        0        0    46064
ARIAD PHARMACEUTICALS INC      COM              04033A100      144    12000 SH       SOLE                        0        0    12000
AT&T INC                       COM              00206R102     4378   141021 SH       SOLE                        0        0   141021
ATLANTIC PWR CORP              COM NEW          04878Q863     2023   127750 SH       SOLE                        0        0   127750
AVALONBAY CMNTYS INC           COM              053484101      386     2860 SH       SOLE                        0        0     2860
BAIDU INC                      SPON ADR REP A   056752108      245     1690 SH       SOLE                        0        0     1690
BANK OF AMERICA CORPORATION    COM              060505104      623    58217 SH       SOLE                        0        0    58217
BARCLAYS BK PLC                10 YR TREAS BEAR 06740L451     1059    23132 SH       SOLE                        0        0    23132
BARCLAYS BK PLC                US TRES FLATT    06740L485     6125   128049 SH       SOLE                        0        0   128049
BAYTEX ENERGY CORP             COM              07317Q105      411     7350 SH       SOLE                        0        0     7350
BERKSHIRE HATHAWAY INC DEL     CL B NEW         084670702      493     6432 SH       SOLE                        0        0     6432
BIOCRYST PHARMACEUTICALS       COM              09058V103       62    15350 SH       SOLE                        0        0    15350
BLACKROCK CORPOR HIGH YLD FD   COM              09255L106       75    10200 SH       SOLE                        0        0    10200
BLACKROCK ENHANCED EQT DIV T   COM              09251A104      596    72306 SH       SOLE                        0        0    72306
BLACKROCK FL RATE OME STRA I   COM SHS          09255Y108      163    11600 SH       SOLE                        0        0    11600
BLACKROCK GLOBAL OPP EQTY TR   COM              092501105      770    42468 SH       SOLE                        0        0    42468
BLACKROCK HIGH YIELD TR        SH BEN INT       09248N102       93    13500 SH       SOLE                        0        0    13500
BLACKROCK MUNICIPL INC QLTY    COM              092479104      297    21750 SH       SOLE                        0        0    21750
BLACKROCK MUNIYIELD ARIZ FD    COM              09254K109      687    53500 SH       SOLE                        0        0    53500
BLACKROCK STRTGC BOND TR       COM              09249G106      435    32631 SH       SOLE                        0        0    32631
BLACKSTONE GROUP L P           COM UNIT LTD     09253U108      371    22160 SH       SOLE                        0        0    22160
BOEING CO                      COM              097023105      809    10835 SH       SOLE                        0        0    10835
BP PLC                         SPONSORED ADR    055622104      568    12895 SH       SOLE                        0        0    12895
BP PRUDHOE BAY RTY TR          UNIT BEN INT     055630107      658     5876 SH       SOLE                        0        0     5876
BRISTOL MYERS SQUIBB CO        COM              110122108      415    14190 SH       SOLE                        0        0    14190
BUCKEYE PARTNERS L P           UNIT LTD PARTN   118230101      340     5231 SH       SOLE                        0        0     5231
CALAMOS STRATEGIC TOTL RETN    COM SH BEN INT   128125101      123    12600 SH       SOLE                        0        0    12600
CALUMET SPECIALTY PRODS PTNR   UT LTD PARTNER   131476103      249    11300 SH       SOLE                        0        0    11300
CATERPILLAR INC DEL            COM              149123101     2409    21880 SH       SOLE                        0        0    21880
CENTRAL FD CDA LTD             CL A             153501101     1818    86604 SH       SOLE                        0        0    86604
CENTURYLINK INC                COM              156700106      263     6526 SH       SOLE                        0        0     6526
CHART INDS INC                 COM PAR $0.01    16115Q308      227     4000 SH       SOLE                        0        0     4000
CHESAPEAKE ENERGY CORP         COM              165167107      366    12112 SH       SOLE                        0        0    12112
CHEVRON CORP NEW               COM              166764100    19332   184015 SH       SOLE                        0        0   184015
CHIMERA INVT CORP              COM              16934Q109     1475   428332 SH       SOLE                        0        0   428332
CHINA DIRECT INDS INC          COM NEW          169384203       10    10000 SH       SOLE                        0        0    10000
CISCO SYS INC                  COM              17275R102     1417    89911 SH       SOLE                        0        0    89911
CITIGROUP INC                  COM NEW          172967424     1203    29030 SH       SOLE                        0        0    29030
CLAYMORE EXCHANGE TRD FD TR    GUG MULTI ASSET  18383M506      234    10881 SH       SOLE                        0        0    10881
CLIFFS NATURAL RESOURCES INC   COM              18683K101      200     2113 SH       SOLE                        0        0     2113
CLOROX CO DEL                  COM              189054109      409     6024 SH       SOLE                        0        0     6024
COCA COLA CO                   COM              191216100      558     8111 SH       SOLE                        0        0     8111
COLGATE PALMOLIVE CO           COM              194162103      573     6478 SH       SOLE                        0        0     6478
CONOCOPHILLIPS                 COM              20825C104      669     8670 SH       SOLE                        0        0     8670
CONSOLIDATED EDISON INC        COM              209115104      789    14573 SH       SOLE                        0        0    14573
CORE LABORATORIES N V          COM              N22717107      316     2700 SH       SOLE                        0        0     2700
COSTCO WHSL CORP NEW           COM              22160K105      206     2513 SH       SOLE                        0        0     2513
CREDIT SUISSE HIGH YLD BND F   SH BEN INT       22544F103      760   233000 SH       SOLE                        0        0   233000
CSX CORP                       COM              126408103      968    36282 SH       SOLE                        0        0    36282
CUMMINS INC                    COM              231021106      335     3150 SH       SOLE                        0        0     3150
CURRENCYSHARES AUSTRALIAN DL   AUSTRALIAN DOL   23129U101     4713    44158 SH       SOLE                        0        0    44158
DEERE & CO                     COM              244199105      679     8101 SH       SOLE                        0        0     8101
DELAWARE ENHANCED GBL DIV &    COM              246060107      429    33000 SH       SOLE                        0        0    33000
DENDREON CORP                  COM              24823Q107      291     6983 SH       SOLE                        0        0     6983
DIAMOND OFFSHORE DRILLING IN   COM              25271C102      271     3851 SH       SOLE                        0        0     3851
DNP SELECT INCOME FD           COM              23325P104      417    41585 SH       SOLE                        0        0    41585
DOMINION RES INC VA NEW        COM              25746U109      588    11975 SH       SOLE                        0        0    11975
DOW CHEM CO                    COM              260543103      593    16274 SH       SOLE                        0        0    16274
DRAGONWAVE INC                 COM              26144M103      371    70000 SH       SOLE                        0        0    70000
DU PONT E I DE NEMOURS & CO    COM              263534109      521     9340 SH       SOLE                        0        0     9340
DUKE ENERGY CORP NEW           COM              26441C105      524    27267 SH       SOLE                        0        0    27267
E M C CORP MASS                COM              268648102      252     8983 SH       SOLE                        0        0     8983
EATON VANCE ENHANCED EQ INC    COM              278274105      185    15350 SH       SOLE                        0        0    15350
EATON VANCE LTD DUR INCOME F   COM              27828H105    10272   613946 SH       SOLE                        0        0   613946
EATON VANCE SH TM DR DIVR IN   COM              27828V104      488    27984 SH       SOLE                        0        0    27984
EATON VANCE SR FLTNG RTE TR    COM              27828Q105      615    38805 SH       SOLE                        0        0    38805
EATON VANCE SR INCOME TR       SH BEN INT       27826S103      123    16800 SH       SOLE                        0        0    16800
EATON VANCE TAX ADVT DIV INC   COM              27828G107      538    31000 SH       SOLE                        0        0    31000
EATON VANCE TXMGD GL BUYWR O   COM              27829C105      229    18965 SH       SOLE                        0        0    18965
EDISON INTL                    COM              281020107      594    15230 SH       SOLE                        0        0    15230
ENBRIDGE ENERGY PARTNERS L P   COM              29250R106     1294    43220 SH       SOLE                        0        0    43220
ENBRIDGE INC                   COM              29250N105      580    17600 SH       SOLE                        0        0    17600
ENCORE ENERGY PARTNERS LP      COM UNIT         29257A106      358    16400 SH       SOLE                        0        0    16400
ENDEAVOUR SILVER CORP          COM              29258Y103     1873   193891 SH       SOLE                        0        0   193891
ENERGY TRANSFER PRTNRS L P     UNIT LTD PARTN   29273R109      992    20304 SH       SOLE                        0        0    20304
ENERPLUS CORP                  COM              292766102      374    11798 SH       SOLE                        0        0    11798
ENTERPRISE PRODS PARTNERS L    COM              293792107     2503    57998 SH       SOLE                        0        0    57998
ENTERTAINMENT PPTYS TR         CONV PFD 9% SR E 29380T600      332    11350 SH       SOLE                        0        0    11350
EXCO RESOURCES INC             COM              269279402      512    29700 SH       SOLE                        0        0    29700
EXELON CORP                    COM              30161N101      668    15524 SH       SOLE                        0        0    15524
EXXON MOBIL CORP               COM              30231G102     5964    73364 SH       SOLE                        0        0    73364
FEDEX CORP                     COM              31428X106      446     4619 SH       SOLE                        0        0     4619
FERRELLGAS PARTNERS L.P.       UNIT LTD PART    315293100     1409    60605 SH       SOLE                        0        0    60605
FIFTH STREET FINANCE CORP      COM              31678A103     1298   108734 SH       SOLE                        0        0   108734
FIFTH THIRD BANCORP            COM              316773100      127    10113 SH       SOLE                        0        0    10113
FIRST TR S&P REIT INDEX FD     COM              33734G108     1380    83624 SH       SOLE                        0        0    83624
FIRST TR SML CP CORE ALPHA F   COM SHS          33734Y109      326     9948 SH       SOLE                        0        0     9948
FIRST TR SR FLG RTE INCM FD    COM              33733U108      774    53950 SH       SOLE                        0        0    53950
FIRST TR VALUE LINE DIVID IN   SHS              33734H106      186    11358 SH       SOLE                        0        0    11358
FIRSTENERGY CORP               COM              337932107      223     5054 SH       SOLE                        0        0     5054
FORD MTR CO DEL                COM PAR $0.01    345370860      321    22933 SH       SOLE                        0        0    22933
FRANKLIN STREET PPTYS CORP     COM              35471R106      332    23868 SH       SOLE                        0        0    23868
FRANKLIN TEMPLETON LTD DUR I   COM              35472T101      297    20625 SH       SOLE                        0        0    20625
FREEPORT-MCMORAN COPPER & GO   COM              35671D857     3327    62076 SH       SOLE                        0        0    62076
FRONTIER COMMUNICATIONS CORP   COM              35906A108      354    45352 SH       SOLE                        0        0    45352
FULTON FINL CORP PA            COM              360271100      267    24102 SH       SOLE                        0        0    24102
GABELLI GLB GLD NAT RES & IN   COM SHS BN INT   36244N109      732    40659 SH       SOLE                        0        0    40659
GABELLI UTIL TR                COM              36240A101      201    28797 SH       SOLE                        0        0    28797
GENERAL ELECTRIC CO            COM              369604103     3552   185591 SH       SOLE                        0        0   185591
GENERAL MLS INC                COM              370334104      279     7586 SH       SOLE                        0        0     7586
GENERAL MTRS CO                JR PFD CNV SRB   37045V209      266     5445 SH       SOLE                        0        0     5445
GOLDCORP INC NEW               COM              380956409      681    13591 SH       SOLE                        0        0    13591
GOLDMAN SACHS GROUP INC        COM              38141G104      508     3816 SH       SOLE                        0        0     3816
GREENHAVEN CONT CMDTY INDEX    UNIT BEN INT     395258106      554    16126 SH       SOLE                        0        0    16126
HALLIBURTON CO                 COM              406216101      287     5410 SH       SOLE                        0        0     5410
HANCOCK JOHN PFD INCOME FD I   COM              41013X106      420    19900 SH       SOLE                        0        0    19900
HATTERAS FINL CORP             COM              41902R103      286     9860 SH       SOLE                        0        0     9860
HAWAIIAN ELEC INDUSTRIES       COM              419870100      250    10135 SH       SOLE                        0        0    10135
HEALTH CARE REIT INC           COM              42217K106      471     8845 SH       SOLE                        0        0     8845
HEALTHCARE SVCS GRP INC        COM              421906108      255    14876 SH       SOLE                        0        0    14876
HERSHA HOSPITALITY TR          SH BEN INT A     427825104       69    11900 SH       SOLE                        0        0    11900
HEWLETT PACKARD CO             COM              428236103      290     7974 SH       SOLE                        0        0     7974
HOME DEPOT INC                 COM              437076102      305     8511 SH       SOLE                        0        0     8511
HONEYWELL INTL INC             COM              438516106      414     6908 SH       SOLE                        0        0     6908
HUMAN GENOME SCIENCES INC      COM              444903108      625    25000 SH       SOLE                        0        0    25000
ICAHN ENTERPRISES LP           DEPOSITRY UNIT   451100101      234     5330 SH       SOLE                        0        0     5330
ING CLARION GLB RE EST INCM    COM              44982G104      334    39667 SH       SOLE                        0        0    39667
ING PRIME RATE TR              SH BEN INT       44977W106      555    91017 SH       SOLE                        0        0    91017
ING RISK MANAGED NAT RES FD    COM              449810100      458    30800 SH       SOLE                        0        0    30800
INLAND REAL ESTATE CORP        COM NEW          457461200      423    45840 SH       SOLE                        0        0    45840
INTEL CORP                     COM              458140100     1193    52360 SH       SOLE                        0        0    52360
INTERNATIONAL BUSINESS MACHS   COM              459200101     3013    16945 SH       SOLE                        0        0    16945
INVESCO MORTGAGE CAPITAL INC   COM              46131B100      371    17066 SH       SOLE                        0        0    17066
INVESCO VAN KAMPEN SR INC TR   COM              46131H107       93    18375 SH       SOLE                        0        0    18375
INVESTORS REAL ESTATE TR       SH BEN INT       461730103     1839   222062 SH       SOLE                        0        0   222062
ISHARES GOLD TRUST             ISHARES          464285105      335    22000 SH       SOLE                        0        0    22000
ISHARES INC                    MSCI BRAZIL      464286400      900    12359 SH       SOLE                        0        0    12359
ISHARES INC                    MSCI CDA INDEX   464286509     1035    31696 SH       SOLE                        0        0    31696
ISHARES INC                    MSCI BRIC INDX   464286657     2454    51099 SH       SOLE                        0        0    51099
ISHARES INC                    MSCI PAC J IDX   464286665     1774    38039 SH       SOLE                        0        0    38039
ISHARES INC                    MSCI SPAIN       464286764      382     9300 SH       SOLE                        0        0     9300
ISHARES INC                    MSCI GERMAN      464286806      977    36121 SH       SOLE                        0        0    36121
ISHARES INC                    MSCI JAPAN       464286848     1753   166261 SH       SOLE                        0        0   166261
ISHARES SILVER TRUST           ISHARES          46428Q109     1511    42953 SH       SOLE                        0        0    42953
ISHARES TR                     LRGE GRW INDX    464287119      246     3520 SH       SOLE                        0        0     3520
ISHARES TR                     DJ SEL DIV INX   464287168     3670    68479 SH       SOLE                        0        0    68479
ISHARES TR                     BARCLYS TIPS BD  464287176    17345   156916 SH       SOLE                        0        0   156916
ISHARES TR                     TRANSP AVE IDX   464287192      303     3031 SH       SOLE                        0        0     3031
ISHARES TR                     S&P 500 INDEX    464287200     3615    26940 SH       SOLE                        0        0    26940
ISHARES TR                     BARCLY USAGG B   464287226   187315  1752983 SH       SOLE                        0        0  1752983
ISHARES TR                     MSCI EMERG MKT   464287234     5187   108503 SH       SOLE                        0        0   108503
ISHARES TR                     IBOXX INV CPBD   464287242     3214    29130 SH       SOLE                        0        0    29130
ISHARES TR                     S&P GBL TELCM    464287275      654    10829 SH       SOLE                        0        0    10829
ISHARES TR                     S&P GBL INF      464287291      410     6640 SH       SOLE                        0        0     6640
ISHARES TR                     S&P500 GRW       464287309     3828    53911 SH       SOLE                        0        0    53911
ISHARES TR                     S&P GBL ENER     464287341      385     9123 SH       SOLE                        0        0     9123
ISHARES TR                     S&P NA NAT RES   464287374      544    12233 SH       SOLE                        0        0    12233
ISHARES TR                     S&P 500 VALUE    464287408     2935    46843 SH       SOLE                        0        0    46843
ISHARES TR                     BARCLYS 7-10 YR  464287440     1987    20710 SH       SOLE                        0        0    20710
ISHARES TR                     BARCLYS 1-3 YR   464287457    39942   473806 SH       SOLE                        0        0   473806
ISHARES TR                     MSCI EAFE INDEX  464287465    19809   329863 SH       SOLE                        0        0   329863
ISHARES TR                     RUSSELL MIDCAP   464287499      494     4464 SH       SOLE                        0        0     4464
ISHARES TR                     S&P MIDCAP 400   464287507     3388    33849 SH       SOLE                        0        0    33849
ISHARES TR                     COHEN&ST RLTY    464287564     1491    19957 SH       SOLE                        0        0    19957
ISHARES TR                     S&P MC 400 GRW   464287606     1357    11939 SH       SOLE                        0        0    11939
ISHARES TR                     RUSSELL1000GRW   464287614      466     7537 SH       SOLE                        0        0     7537
ISHARES TR                     RUSSELL 2000     464287655      490     5801 SH       SOLE                        0        0     5801
ISHARES TR                     RUSL 3000 GROW   464287671      232     4528 SH       SOLE                        0        0     4528
ISHARES TR                     DJ US TELECOMM   464287713     5140   202061 SH       SOLE                        0        0   202061
ISHARES TR                     DJ US TECH SEC   464287721    18812   282563 SH       SOLE                        0        0   282563
ISHARES TR                     DJ US REAL EST   464287739      480     7780 SH       SOLE                        0        0     7780
ISHARES TR                     DJ US HEALTHCR   464287762      258     3499 SH       SOLE                        0        0     3499
ISHARES TR                     DJ US ENERGY     464287796      484    11116 SH       SOLE                        0        0    11116
ISHARES TR                     S&P SMLCAP 600   464287804     1625    21672 SH       SOLE                        0        0    21672
ISHARES TR                     DJ US BAS MATL   464287838      855    10698 SH       SOLE                        0        0    10698
ISHARES TR                     S&P SMLCP VALU   464287879      578     7622 SH       SOLE                        0        0     7622
ISHARES TR                     S&P SMLCP GROW   464287887     1960    23840 SH       SOLE                        0        0    23840
ISHARES TR                     LARGE VAL INDX   464288109     2232    35217 SH       SOLE                        0        0    35217
ISHARES TR                     S&P CITINT TBD   464288117      249     2298 SH       SOLE                        0        0     2298
ISHARES TR                     S&P SH NTL AMTFR 464288158      273     2586 SH       SOLE                        0        0     2586
ISHARES TR                     MID CORE INDEX   464288208      334     3610 SH       SOLE                        0        0     3610
ISHARES TR                     JPMORGAN USD     464288281     4011    36307 SH       SOLE                        0        0    36307
ISHARES TR                     S&P NTL AMTFREE  464288414      240     2331 SH       SOLE                        0        0     2331
ISHARES TR                     HIGH YLD CORP    464288513     9286   101790 SH       SOLE                        0        0   101790
ISHARES TR                     INDL OFF CAP IDX 464288554     1074    36087 SH       SOLE                        0        0    36087
ISHARES TR                     BARCLYS MBS BD   464288588    42350   397567 SH       SOLE                        0        0   397567
ISHARES TR                     BARCLYS CR BD    464288620    63412   600112 SH       SOLE                        0        0   600112
ISHARES TR                     BARCLYS 1-3YR CR 464288646     8817    84611 SH       SOLE                        0        0    84611
ISHARES TR                     BARCLYS 3-7 YR   464288661     1082     9265 SH       SOLE                        0        0     9265
ISHARES TR                     US PFD STK IDX   464288687     4027   101933 SH       SOLE                        0        0   101933
ISHARES TR                     S&P GLB MTRLS    464288695      466     6303 SH       SOLE                        0        0     6303
ISHARES TR                     S&P GL INDUSTR   464288729      283     5000 SH       SOLE                        0        0     5000
ISHARES TR                     DJ HEALTH CARE   464288828     1372    20580 SH       SOLE                        0        0    20580
ISHARES TR                     DJ OIL EQUIP     464288844      209     3222 SH       SOLE                        0        0     3222
ISHARES TR                     DJ OIL&GAS EXP   464288851      610     8760 SH       SOLE                        0        0     8760
ISHARES TR                     MSCI VAL IDX     464288877     1314    25264 SH       SOLE                        0        0    25264
ISHARES TR                     MSCI GRW IDX     464288885      772    12180 SH       SOLE                        0        0    12180
ISHARES TR                     MSCI ACWI X US   464289628      515     8000 SH       SOLE                        0        0     8000
JOHNSON & JOHNSON              COM              478160104     2285    33742 SH       SOLE                        0        0    33742
JOY GLOBAL INC                 COM              481165108      239     2461 SH       SOLE                        0        0     2461
JPMORGAN CHASE & CO            COM              46625H100      965    23812 SH       SOLE                        0        0    23812
JPMORGAN CHASE & CO            ALERIAN ML ETN   46625H365     7603   203539 SH       SOLE                        0        0   203539
KEEGAN RES INC                 COM              487275109      247    30654 SH       SOLE                        0        0    30654
KIMBER RES INC                 COM              49435N101     1697   980487 SH       SOLE                        0        0   980487
KIMBERLY CLARK CORP            COM              494368103      247     3730 SH       SOLE                        0        0     3730
KINDER MORGAN ENERGY PARTNER   UT LTD PARTNER   494550106     2309    31522 SH       SOLE                        0        0    31522
KKR FINANCIAL HLDGS LLC        COM              48248A306     1055   105750 SH       SOLE                        0        0   105750
KRAFT FOODS INC                CL A             50075N104      410    11264 SH       SOLE                        0        0    11264
LINN ENERGY LLC                UNIT LTD LIAB    536020100      604    15276 SH       SOLE                        0        0    15276
LOWES COS INC                  COM              548661107      459    19674 SH       SOLE                        0        0    19674
LTC PPTYS INC                  COM              502175102      367    12821 SH       SOLE                        0        0    12821
MAGELLAN MIDSTREAM PRTNRS LP   COM UNIT RP LP   559080106      314     5253 SH       SOLE                        0        0     5253
MARKET VECTORS ETF TR          EM LC CURR DBT   57060U522      366    13423 SH       SOLE                        0        0    13423
MARKET VECTORS ETF TR          COAL ETF         57060U837      777    16323 SH       SOLE                        0        0    16323
MARKET VECTORS ETF TR          HG YLD MUN ETF   57060U878      524    17689 SH       SOLE                        0        0    17689
MCDONALDS CORP                 COM              580135101      545     6326 SH       SOLE                        0        0     6326
MEDTRONIC INC                  COM              585055106      629    16467 SH       SOLE                        0        0    16467
MERCK & CO INC NEW             COM              58933Y105      675    18817 SH       SOLE                        0        0    18817
METALICO INC                   COM              591176102       72    12000 SH       SOLE                        0        0    12000
MFS INTER INCOME TR            SH BEN INT       55273C107      282    43852 SH       SOLE                        0        0    43852
MFS MULTIMARKET INCOME TR      SH BEN INT       552737108      364    52652 SH       SOLE                        0        0    52652
MFS MUN INCOME TR              SH BEN INT       552738106      663    98700 SH       SOLE                        0        0    98700
MGIC INVT CORP WIS             COM              552848103      918   135666 SH       SOLE                        0        0   135666
MICROSOFT CORP                 COM              594918104     2014    76539 SH       SOLE                        0        0    76539
MILLER ENERGY RES INC          COM              600527105     2013   297450 SH       SOLE                        0        0   297450
MINEFINDERS LTD                COM              602900102      136    10202 SH       SOLE                        0        0    10202
MONSANTO CO NEW                COM              61166W101      228     3062 SH       SOLE                        0        0     3062
NAVIOS MARITIME PARTNERS L P   UNIT LPI         Y62267102     1209    64741 SH       SOLE                        0        0    64741
NEUBERGER BERMAN HGH YLD FD    COM              64128C106     1165    82973 SH       SOLE                        0        0    82973
NEW AMER HIGH INCOME FD INC    COM NEW          641876800      369    34197 SH       SOLE                        0        0    34197
NORTHROP GRUMMAN CORP          COM              666807102      211     2942 SH       SOLE                        0        0     2942
NOVARTIS A G                   SPONSORED ADR    66987V109      577     9405 SH       SOLE                        0        0     9405
NUSTAR ENERGY LP               UNIT COM         67058H102      387     5865 SH       SOLE                        0        0     5865
NUVEEN INSD MUN OPPORTUNITY    COM              670984103      318    23385 SH       SOLE                        0        0    23385
NUVEEN INSD QUALITY MUN FD I   COM              67062N103      285    20814 SH       SOLE                        0        0    20814
NUVEEN INVT QUALITY MUN FD I   COM              67062E103      198    13650 SH       SOLE                        0        0    13650
NUVEEN MULT STRAT INCM GR FD   COM SHS          67073D102      132    14500 SH       SOLE                        0        0    14500
NUVEEN MULTI STRAT INC & GR    COM              67073B106      697    78510 SH       SOLE                        0        0    78510
NUVEEN MUN ADVANTAGE FD INC    COM              67062H106      150    10491 SH       SOLE                        0        0    10491
NUVEEN MUN MKT OPPORTUNITY F   COM              67062W103      198    15339 SH       SOLE                        0        0    15339
NUVEEN PERFORMANCE PLUS MUN    COM              67062P108      246    17460 SH       SOLE                        0        0    17460
NUVEEN PREM INCOME MUN FD      COM              67062T100      240    17880 SH       SOLE                        0        0    17880
NUVEEN QUALITY PFD INCOME FD   COM              67072C105      483    58602 SH       SOLE                        0        0    58602
OCCIDENTAL PETE CORP DEL       COM              674599105      788     7449 SH       SOLE                        0        0     7449
OCEANEERING INTL INC           COM              675232102      228     5400 SH       SOLE                        0        0     5400
OIL SVC HOLDRS TR              DEPOSTRY RCPT    678002106      720     4800 SH       SOLE                        0        0     4800
OMEGA HEALTHCARE INVS INC      COM              681936100      628    29149 SH       SOLE                        0        0    29149
ONEOK PARTNERS LP              UNIT LTD PARTN   68268N103      541     6240 SH       SOLE                        0        0     6240
ORACLE CORP                    COM              68389X105      509    15315 SH       SOLE                        0        0    15315
PARAMOUNT GOLD & SILVER CORP   COM              69924P102      739   223700 SH       SOLE                        0        0   223700
PAYCHEX INC                    COM              704326107      308     9814 SH       SOLE                        0        0     9814
PEABODY ENERGY CORP            COM              704549104      207     3419 SH       SOLE                        0        0     3419
PENGROWTH ENERGY CORP          COM              70706P104     1982   154100 SH       SOLE                        0        0   154100
PENN VA RESOURCES PARTNERS L   COM              707884102      572    21198 SH       SOLE                        0        0    21198
PENN WEST PETE LTD NEW         COM              707887105     1772    76368 SH       SOLE                        0        0    76368
PEPSICO INC                    COM              713448108      965    13763 SH       SOLE                        0        0    13763
PETROHAWK ENERGY CORP          COM              716495106      575    23000 SH       SOLE                        0        0    23000
PETROLEO BRASILEIRO SA PETRO   SPONSORED ADR    71654V408      720    21404 SH       SOLE                        0        0    21404
PFIZER INC                     COM              717081103      964    46354 SH       SOLE                        0        0    46354
PHARMACEUTICAL HLDRS TR        DEPOSITRY RCPT   71712A206     1027    14300 SH       SOLE                        0        0    14300
PHILIP MORRIS INTL INC         COM              718172109      832    12206 SH       SOLE                        0        0    12206
PHOENIX COS INC NEW            COM              71902E109       69    30000 SH       SOLE                        0        0    30000
PIEDMONT OFFICE REALTY TR IN   COM CL A         720190206      740    35041 SH       SOLE                        0        0    35041
PIMCO CORPORATE INCOME FD      COM              72200U100      363    20400 SH       SOLE                        0        0    20400
PIMCO CORPORATE OPP FD         COM              72201B101      614    29655 SH       SOLE                        0        0    29655
PIMCO ETF TR                   BLD AMER BD FD   72201R825      775    15852 SH       SOLE                        0        0    15852
PIMCO GLOBAL STOCKSPLS INCM    COM              722011103     2418   101976 SH       SOLE                        0        0   101976
PIMCO HIGH INCOME FD           COM SHS          722014107     4509   326387 SH       SOLE                        0        0   326387
PIMCO INCOME OPPORTUNITY FD    COM              72202B100     3232   115099 SH       SOLE                        0        0   115099
PIMCO INCOME STRATEGY FUND     COM              72201H108      636    48609 SH       SOLE                        0        0    48609
PIMCO INCOME STRATEGY FUND I   COM              72201J104      168    15975 SH       SOLE                        0        0    15975
PIMCO MUN INCOME FD II         COM              72200W106     1568   147207 SH       SOLE                        0        0   147207
PIMCO STRATEGIC GBL GOV FD I   COM              72200X104      171    14622 SH       SOLE                        0        0    14622
PIONEER HIGH INCOME TR         COM              72369H106      282    16725 SH       SOLE                        0        0    16725
PIONEER MUN HIGH INCOME TR     COM SHS          723763108      624    44100 SH       SOLE                        0        0    44100
PLAINS ALL AMERN PIPELINE L    UNIT LTD PARTN   726503105      419     6507 SH       SOLE                        0        0     6507
POTASH CORP SASK INC           COM              73755L107      638    11050 SH       SOLE                        0        0    11050
POWERSHARES DB CMDTY IDX TRA   UNIT BEN INT     73935S105      844    28576 SH       SOLE                        0        0    28576
POWERSHARES ETF TR II          BUILD AMER ETF   73937B407      870    33060 SH       SOLE                        0        0    33060
POWERSHARES ETF TR II          S&P500 LOW VOL   73937B779      229     9000 SH       SOLE                        0        0     9000
POWERSHARES ETF TRUST          GBL LSTD PVT EQT 73935X195      344    31945 SH       SOLE                        0        0    31945
POWERSHARES ETF TRUST          FINL PFD PTFL    73935X229      693    38100 SH       SOLE                        0        0    38100
POWERSHARES ETF TRUST          ENERGY SEC POR   73935X385    10417   241221 SH       SOLE                        0        0   241221
POWERSHARES ETF TRUST          DYN BLDG CNSTR   73935X666      134    10100 SH       SOLE                        0        0    10100
POWERSHARES ETF TRUST          DYNM LRG CP VL   73935X708      223    10984 SH       SOLE                        0        0    10984
POWERSHARES ETF TRUST          DYN PHRMA PORT   73935X799     5553   203067 SH       SOLE                        0        0   203067
POWERSHARES ETF TRUST II       DWA DEVEL MKTS   73936Q108      201     8835 SH       SOLE                        0        0     8835
POWERSHARES ETF TRUST II       DWA EMRG MKTS    73936Q207      491    25800 SH       SOLE                        0        0    25800
POWERSHARES ETF TRUST II       CEF INC COMPST   73936Q843     4976   190950 SH       SOLE                        0        0   190950
POWERSHARES GLOBAL ETF TRUST   FDM HG YLD RAFI  73936T557     8340   449863 SH       SOLE                        0        0   449863
POWERSHARES GLOBAL ETF TRUST   AGG PFD PORT     73936T565      901    62920 SH       SOLE                        0        0    62920
POWERSHARES GLOBAL ETF TRUST   SOVEREIGN DEBT   73936T573      618    22872 SH       SOLE                        0        0    22872
POWERSHARES GLOBAL ETF TRUST   GBL WTR PORT     73936T623      271    13711 SH       SOLE                        0        0    13711
POWERSHARES GLOBAL ETF TRUST   EMER MRKT PORT   73936T763      604    23542 SH       SOLE                        0        0    23542
POWERSHARES QQQ TRUST          UNIT SER 1       73935A104     5329    91095 SH       SOLE                        0        0    91095
POWERSHS DB MULTI SECT COMM    DB PREC MTLS     73936B200      240     4250 SH       SOLE                        0        0     4250
POWERSHS DB MULTI SECT COMM    DB AGRICULT FD   73936B408      423    13019 SH       SOLE                        0        0    13019
PPL CORP                       COM              69351T106      940    33607 SH       SOLE                        0        0    33607
PROCTER & GAMBLE CO            COM              742718109    14496   224241 SH       SOLE                        0        0   224241
PROGRESS ENERGY INC            COM              743263105      269     5587 SH       SOLE                        0        0     5587
PROSPECT CAPITAL CORPORATION   COM              74348T102     3139   313450 SH       SOLE                        0        0   313450
PROVIDENT ENERGY LTD NEW       COM              74386V100     1758   193788 SH       SOLE                        0        0   193788
PUBLIC STORAGE                 COM              74460D109      448     3793 SH       SOLE                        0        0     3793
PUBLIC SVC ENTERPRISE GROUP    COM              744573106      292     8952 SH       SOLE                        0        0     8952
PUTNAM MASTER INTER INCOME T   SH BEN INT       746909100      467    80485 SH       SOLE                        0        0    80485
PUTNAM PREMIER INCOME TR       SH BEN INT       746853100      619    93168 SH       SOLE                        0        0    93168
QUALCOMM INC                   COM              747525103      338     5688 SH       SOLE                        0        0     5688
REALTY INCOME CORP             COM              756109104      471    13620 SH       SOLE                        0        0    13620
ROCKWELL COLLINS INC           COM              774341101      239     3857 SH       SOLE                        0        0     3857
ROYAL BK SCOTLAND N V          TRENDPILOT ETN   78009L308     2439    88649 SH       SOLE                        0        0    88649
ROYAL DUTCH SHELL PLC          SPON ADR B       780259107      260     3579 SH       SOLE                        0        0     3579
ROYAL DUTCH SHELL PLC          SPONS ADR A      780259206      404     5600 SH       SOLE                        0        0     5600
RYDEX ETF TRUST                S&P 500 EQ TRD   78355W106     1188    23184 SH       SOLE                        0        0    23184
RYDEX ETF TRUST                S&P500 PUR GRW   78355W403     1790    36639 SH       SOLE                        0        0    36639
RYDEX ETF TRUST                S&PMC400 PURGR   78355W601      302     3317 SH       SOLE                        0        0     3317
RYDEX ETF TRUST                MATERIALS ETF    78355W825      251     3770 SH       SOLE                        0        0     3770
SABINE ROYALTY TR              UNIT BEN INT     785688102      931    14149 SH       SOLE                        0        0    14149
SANOFI                         SPONSORED ADR    80105N105      282     7060 SH       SOLE                        0        0     7060
SCHLUMBERGER LTD               COM              806857108      632     7081 SH       SOLE                        0        0     7081
SCHWAB STRATEGIC TR            US LRG CAP ETF   808524201      326    10134 SH       SOLE                        0        0    10134
SCHWAB STRATEGIC TR            US SML CAP ETF   808524607     2380    63297 SH       SOLE                        0        0    63297
SELECT SECTOR SPDR TR          SBI HEALTHCARE   81369Y209    13315   371051 SH       SOLE                        0        0   371051
SELECT SECTOR SPDR TR          SBI CONS DISCR   81369Y407    21962   535064 SH       SOLE                        0        0   535064
SELECT SECTOR SPDR TR          SBI INT-ENERGY   81369Y506     2361    30860 SH       SOLE                        0        0    30860
SELECT SECTOR SPDR TR          SBI INT-FINL     81369Y605    10122   657337 SH       SOLE                        0        0   657337
SELECT SECTOR SPDR TR          SBI INT-INDS     81369Y704    15579   410513 SH       SOLE                        0        0   410513
SELECT SECTOR SPDR TR          SBI INT-TECH     81369Y803      313    11910 SH       SOLE                        0        0    11910
SELECT SECTOR SPDR TR          SBI INT-UTILS    81369Y886      733    21760 SH       SOLE                        0        0    21760
SEMPRA ENERGY                  COM              816851109      311     5844 SH       SOLE                        0        0     5844
SHERWIN WILLIAMS CO            COM              824348106      200     2347 SH       SOLE                        0        0     2347
SILVER WHEATON CORP            COM              828336107    19258   531106 SH       SOLE                        0        0   531106
SILVERCORP METALS INC          COM              82835P103     1016    96372 SH       SOLE                        0        0    96372
SMITH & NEPHEW PLC             SPDN ADR NEW     83175M205      380     6714 SH       SOLE                        0        0     6714
SPDR DOW JONES INDL AVRG ETF   UT SER 1         78467X109     7270    57601 SH       SOLE                        0        0    57601
SPDR GOLD TRUST                GOLD SHS         78463V107     1685    11303 SH       SOLE                        0        0    11303
SPDR INDEX SHS FDS             ASIA PACIF ETF   78463X301     1302    14832 SH       SOLE                        0        0    14832
SPDR INDEX SHS FDS             EUROPE ETF       78463X608      352     6805 SH       SOLE                        0        0     6805
SPDR INDEX SHS FDS             DJ GLB RL ES ETF 78463X749     1174    29259 SH       SOLE                        0        0    29259
SPDR INDEX SHS FDS             S&P INTL ETF     78463X772      617    10536 SH       SOLE                        0        0    10536
SPDR INDEX SHS FDS             S&P BRIC 40ETF   78463X798      352    12538 SH       SOLE                        0        0    12538
SPDR S&P 500 ETF TR            TR UNIT          78462F103    12957    96723 SH       SOLE                        0        0    96723
SPDR S&P MIDCAP 400 ETF TR     UTSER1 S&PDCRP   78467Y107     5400    29715 SH       SOLE                        0        0    29715
SPDR SERIES TRUST              MORGAN TECH ETF  78464A102      465     6980 SH       SOLE                        0        0     6980
SPDR SERIES TRUST              INTR TRM CORP BD 78464A375      417    12597 SH       SOLE                        0        0    12597
SPDR SERIES TRUST              BRCLYS YLD ETF   78464A417     6202   154394 SH       SOLE                        0        0   154394
SPDR SERIES TRUST              NUVN BR SHT MUNI 78464A425     5206   214950 SH       SOLE                        0        0   214950
SPDR SERIES TRUST              DB INT GVT ETF   78464A490      435     7110 SH       SOLE                        0        0     7110
SPDR SERIES TRUST              BRCLYS INTL ETF  78464A516     1596    25975 SH       SOLE                        0        0    25975
SPDR SERIES TRUST              DJ REIT ETF      78464A607      500     7270 SH       SOLE                        0        0     7270
SPDR SERIES TRUST              BRCLYS AGG ETF   78464A649      609    10795 SH       SOLE                        0        0    10795
SPDR SERIES TRUST              BARCL CAP TIPS   78464A656      327     6079 SH       SOLE                        0        0     6079
SPDR SERIES TRUST              S&P RETAIL ETF   78464A714      753    13820 SH       SOLE                        0        0    13820
SPDR SERIES TRUST              S&P DIVID ETF    78464A763     3195    58536 SH       SOLE                        0        0    58536
SPROTT PHYSICAL SILVER TR      TR UNIT          85207K107     3697   223881 SH       SOLE                        0        0   223881
SUN COMMUNITIES INC            COM              866674104      431    11090 SH       SOLE                        0        0    11090
TARGET CORP                    COM              87612E106      240     4932 SH       SOLE                        0        0     4932
TEEKAY OFFSHORE PARTNERS L P   PARTNERSHIP UN   Y8565J101      267     8980 SH       SOLE                        0        0     8980
TELECOMUNICACOES DE SAO PAUL   SPON ADR PFD     87929A102      228     7800 SH       SOLE                        0        0     7800
TELEFONICA S A                 SPONSORED ADR    879382208      501    21190 SH       SOLE                        0        0    21190
TEMPLETON EMERG MKTS INCOME    COM              880192109      537    30866 SH       SOLE                        0        0    30866
TEMPLETON GLOBAL INCOME FD     COM              880198106      890    80352 SH       SOLE                        0        0    80352
TERRA NITROGEN CO L P          COM UNIT         881005201      248     1775 SH       SOLE                        0        0     1775
TEVA PHARMACEUTICAL INDS LTD   ADR              881624209     1699    34838 SH       SOLE                        0        0    34838
TICC CAPITAL CORP              COM              87244T109      984   101175 SH       SOLE                        0        0   101175
TIMKEN CO                      COM              887389104      230     4366 SH       SOLE                        0        0     4366
TOTAL S A                      SPONSORED ADR    89151E109      482     8429 SH       SOLE                        0        0     8429
TWO HBRS INVT CORP             COM              90187B101      347    30900 SH       SOLE                        0        0    30900
UNITED PARCEL SERVICE INC      CL B             911312106     3459    46560 SH       SOLE                        0        0    46560
UNITED TECHNOLOGIES CORP       COM              913017109      437     4811 SH       SOLE                        0        0     4811
UNIVERSAL HEALTH RLTY INCM T   SH BEN INT       91359E105      436    10330 SH       SOLE                        0        0    10330
URANERZ ENERGY CORP            COM              91688T104       28    10000 SH       SOLE                        0        0    10000
US BANCORP DEL                 COM NEW          902973304      388    15264 SH       SOLE                        0        0    15264
US GOLD CORPORATION            COM PAR $0.10    912023207     1802   292550 SH       SOLE                        0        0   292550
VALE S A                       ADR              91912E105      524    15805 SH       SOLE                        0        0    15805
VANGUARD BD INDEX FD INC       LONG TERM BOND   921937793     7031    87439 SH       SOLE                        0        0    87439
VANGUARD BD INDEX FD INC       INTERMED TERM    921937819    14563   173344 SH       SOLE                        0        0   173344
VANGUARD BD INDEX FD INC       SHORT TRM BOND   921937827    24157   297573 SH       SOLE                        0        0   297573
VANGUARD BD INDEX FD INC       TOTAL BND MRKT   921937835     6193    76187 SH       SOLE                        0        0    76187
VANGUARD INDEX FDS             REIT ETF         922908553     2494    40308 SH       SOLE                        0        0    40308
VANGUARD INDEX FDS             MID CAP ETF      922908629      384     4674 SH       SOLE                        0        0     4674
VANGUARD INDEX FDS             GROWTH ETF       922908736    10187   154578 SH       SOLE                        0        0   154578
VANGUARD INDEX FDS             VALUE ETF        922908744     9218   162646 SH       SOLE                        0        0   162646
VANGUARD INDEX FDS             SMALL CP ETF     922908751     2198    27462 SH       SOLE                        0        0    27462
VANGUARD INDEX FDS             STK MRK ETF      922908769      929    13338 SH       SOLE                        0        0    13338
VANGUARD INTL EQUITY INDEX F   TT WRLD ST ETF   922042742     1429    28387 SH       SOLE                        0        0    28387
VANGUARD INTL EQUITY INDEX F   MSCI EMR MKT ETF 922042858     2663    54232 SH       SOLE                        0        0    54232
VANGUARD SCOTTSDALE FDS        SHRT-TERM CORP   92206C409     5096    65091 SH       SOLE                        0        0    65091
VANGUARD SCOTTSDALE FDS        MORTG-BACK SEC   92206C771    17452   340647 SH       SOLE                        0        0   340647
VANGUARD SCOTTSDALE FDS        INT-TERM CORP    92206C870      261     3258 SH       SOLE                        0        0     3258
VANGUARD SPECIALIZED PORTFOL   DIV APP ETF      921908844      508     8880 SH       SOLE                        0        0     8880
VANGUARD TAX-MANAGED INTL FD   MSCI EAFE ETF    921943858     2582    67954 SH       SOLE                        0        0    67954
VANGUARD WORLD FD              EXTENDED DUR     921910709      390     4795 SH       SOLE                        0        0     4795
VANGUARD WORLD FD              MEGA VALUE 300   921910840     2309    56382 SH       SOLE                        0        0    56382
VANGUARD WORLD FD              MEGA CAP INDEX   921910873     2035    44577 SH       SOLE                        0        0    44577
VANGUARD WORLD FDS             UTILITIES ETF    92204A876      426     5836 SH       SOLE                        0        0     5836
VECTOR GROUP LTD               COM              92240M108      699    38572 SH       SOLE                        0        0    38572
VERIZON COMMUNICATIONS INC     COM              92343V104     3470    92074 SH       SOLE                        0        0    92074
VORNADO RLTY TR                SH BEN INT       929042109      227     2361 SH       SOLE                        0        0     2361
WAL MART STORES INC            COM              931142103     1358    25276 SH       SOLE                        0        0    25276
WALGREEN CO                    COM              931422109      941    21718 SH       SOLE                        0        0    21718
WELLS FARGO & CO NEW           COM              949746101      356    12695 SH       SOLE                        0        0    12695
WELLS FARGO ADVANTAGE MULTI    COM SHS          94987D101      542    35088 SH       SOLE                        0        0    35088
WESTERN ASSET CLYM INFL OPP    COM              95766R104      171    14100 SH       SOLE                        0        0    14100
WESTERN ASSET CLYM INFL SEC    COM SH BEN INT   95766Q106      156    12000 SH       SOLE                        0        0    12000
WESTERN ASSET PREMIER BD FD    SHS BEN INT      957664105      288    18000 SH       SOLE                        0        0    18000
WISDOMTREE TR                  DREYFUS CMM FD   97717X859      344    12372 SH       SOLE                        0        0    12372
WISDOMTREE TRUST               DRYFS CURR ETF   97717W133     1048    44722 SH       SOLE                        0        0    44722
WISDOMTREE TRUST               EQTY INC ETF     97717W208      417     9890 SH       SOLE                        0        0     9890
WISDOMTREE TRUST               LARGECAP DIVID   97717W307     2157    43423 SH       SOLE                        0        0    43423
WISDOMTREE TRUST               EMERG MKTS ETF   97717W315     4697    76765 SH       SOLE                        0        0    76765
WISDOMTREE TRUST               INTL REAL EST    97717W331      218     7500 SH       SOLE                        0        0     7500
YAMANA GOLD INC                COM              98462Y100      932    74721 SH       SOLE                        0        0    74721
YUM BRANDS INC                 COM              988498101      214     3834 SH       SOLE                        0        0     3834
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>