Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	POWERSHARES ETF TRUST	1,265,000	$52.33M	22.2%	$41.37	—	DWA MOMENTUM PTF	73935X153
FBT	FIRST TR EXCHANGE TRADED FD	156,463	$17.68M	7.5%	$113.02	—	NY ARCA BIOTECH	33733E203
FDN	FIRST TR EXCHANGE TRADED FD	229,261	$17.11M	7.3%	$74.61	—	DJ INTERNT IDX	33733E302
FXG	FIRST TR EXCHANGE TRADED FD	362,657	$16.12M	6.8%	$44.45	—	CONSUMR STAPLE	33734X119
FXH	FIRST TR EXCHANGE TRADED FD	258,957	$15.65M	6.6%	$60.45	—	HLTH CARE ALPH	33734X143
FXD	FIRST TR EXCHANGE TRADED FD	432,300	$14.74M	6.3%	$34.10	—	CONSUMR DISCRE	33734X101
GBF	ISHARES TR	110,508	$12.53M	5.3%	$113.42	—	GOV/CRED BD ETF	464288596
IEF	ISHARES TR	118,127	$12.47M	5.3%	$105.59	—	7-10 Y TR BD ETF	464287440
TLH	ISHARES TR	91,213	$12.24M	5.2%	$134.21	—	10-20 YR TRS ETF	464288653
LQD	ISHARES TR	107,178	$12.22M	5.2%	$114.01	—	IBOXX INV CP ETF	464287242
IGIB	ISHARES TR	107,994	$11.59M	4.9%	$107.28	—	INTERM CR BD ETF	464288638
EFAV	ISHARES TR	173,516	$11.26M	4.8%	$64.87	—	EAFE MIN VOL ETF	46429B689
EEMV	ISHARES	161,231	$7.846M	3.3%	$48.66	—	EM MK MINVOL ETF	464286533
NUE	NUCOR CORP	123,370	$4.749M	2.0%	$32.43	0.0%	COM	670346105
IDCC	INTERDIGITAL INC	77,329	$3.377M	1.4%	$50.76	0.0%	COM	45867G101
EL	LAUDER ESTEE COS INC	18,556	$1.578M	0.7%	$74.79	0.0%	CL A	518439104
EEM	ISHARES TR	42,845	$1.379M	0.6%	$32.19	—	MSCI EMG MKT ETF	464287234
AGG	ISHARES TR	8,128	$878K	0.4%	$108.02	—	CORE US AGGBD ET	464287226
VEA	VANGUARD TAX MANAGED INTL FD	20,131	$739K	0.3%	$36.71	—	FTSE DEV MKT ETF	921943858
MDY	SPDR S&P MIDCAP 400 ETF TR	2,835	$720K	0.3%	$253.97	—	UTSER1 S&PDCRP	78467Y107
—	ARROW INVTS TR	62,298	$617K	0.3%	$9.90	—	DWA TACTICAL ETF	042765792
XLK	SELECT SECTOR SPDR TR	14,350	$615K	0.3%	$42.86	—	TECHNOLOGY	81369Y803
XLV	SELECT SECTOR SPDR TR	8,461	$609K	0.3%	$71.98	—	SBI HEALTHCARE	81369Y209
IWB	ISHARES TR	5,183	$587K	0.2%	$113.25	—	RUS 1000 ETF	464287622
SPY	SPDR S&P 500 ETF TR	2,383	$486K	0.2%	$203.94	—	TR UNIT	78462F103
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,385	$425K	0.2%	$134.20	0.0%	CL B NEW	084670702
—	ANNALY CAP MGMT INC	42,000	$405K	0.2%	$9.64	—	COM	035710409
—	BLACKROCK MUN INCOME TR	26,399	$389K	0.2%	$14.74	—	SH BEN INT	09248F109
AAPL	APPLE INC	4,036	$381K	0.2%	$25.73	0.0%	COM	037833100
—	PROSHARES TR	9,898	$367K	0.2%	$37.08	—	ALTRNTV SOLUTN	74347B813
VNQI	VANGUARD INTL EQUITY INDEX F	6,388	$326K	0.1%	$51.03	—	GLB EX US ETF	922042676
LNC	LINCOLN NATL CORP IND	8,080	$303K	0.1%	$35.70	0.0%	COM	534187109
CWB	SPDR SERIES TRUST	6,797	$294K	0.1%	$43.25	—	BRC CNV SECS ETF	78464A359
IJR	ISHARES TR	2,388	$263K	0.1%	$110.13	—	CORE S&P SCP ETF	464287804
—	BRYN MAWR BK CORP	10,096	$258K	0.1%	$25.55	—	COM	117665109
VDE	VANGUARD WORLD FDS	3,008	$250K	0.1%	$83.11	—	ENERGY ETF	92204A306
XLP	SELECT SECTOR SPDR TR	4,896	$247K	0.1%	$50.45	—	SBI CONS STPLS	81369Y308
VWO	VANGUARD INTL EQUITY INDEX F	7,074	$231K	0.1%	$32.65	—	FTSE EMR MKT ETF	922042858
VNQ	VANGUARD INDEX FDS	2,776	$221K	0.1%	$79.61	—	REIT ETF	922908553
AOA	ISHARES	4,635	$208K	0.1%	$44.88	—	AGGRES ALLOC ETF	464289859
—	INVESCO TR INVT GRADE MUNS	15,000	$200K	0.1%	$13.33	—	COM	46131M106
—	BLACKROCK MUNIHLDS INVSTM QL	10,000	$145K	0.1%	$14.50	—	COM	09254P108
—	INVESCO MUN OPPORTUNITY TR	10,000	$132K	0.1%	$13.20	—	COM	46132C107
—	INVESCO ADVANTAGE MUNICIPAL	10,000	$118K	0.1%	$11.80	—	SH BEN INT	46132E103
—	ISHARES TR	10,984	$105K	0.0%	$9.56	—	MRG RL ES CP ETF	464288539
—	HI-CRUSH PARTNERS LP	10,000	$61,000	0.0%	$6.10	—	COM UNIT LTD	428337109