Edelman Financial Services as of Dec. 31, 2011

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FORM 13F INFORMATION TABLE
                                                       Value        InveOtherVote
Name of Issuer                  Title of ClaCusip     x1000  Shares DiscManagAuth
VANGUARD BD INDEX TOTAL BND     EQUITY - ETF921937835  48718   583169SOLE      NONE
VANGUARD BD INDEX SH TRM BND    EQUITY - ETF921937827  23829   294764SOLE      NONE
ISHARES TR MSCI EAFE            EQUITY - ETF464287465    264     5329SOLE      NONE
ISHARES TR JPM EMG MRKT BND     EQUITY - ETF464288281    146     1333SOLE      NONE
ISHARES TR HI YLD CORP BOND FD  EQUITY - ETF464288513    201     2243SOLE      NONE
ISHARES TR NAT RES INDEX FD     EQUITY - ETF464287374 281650  7411848SOLE      NONE
ISHARES TR MIDCAP 400 INDEX FD  EQUITY - ETF464287507 349653  3991014SOLE      NONE
ISHARES TR RUSSELL MICRO CAP    EQUITY - ETF464288869    165     3688SOLE      NONE
ISHARES TR RUSSELL 1000 VALUE   EQUITY - ETF464287598 639710 10077348SOLE      NONE
ISHARES TR CORP BOND FD         EQUITY - ETF464287242 432402  3801006SOLE      NONE
POWERSHARES GLOBAL ETF TRUST    EQUITY - ETF73936T615    107    12944SOLE      NONE
POWERSHARES HI YLD CORP BND     EQUITY - ETF73936T557    147     7950SOLE      NONE
POWERSHARES FTSE RAFI US 1000   EQUITY - ETF73935X583    166     3040SOLE      NONE
POWERSHARES FTSE RAFI US 1500   EQUITY - ETF73935X567    172     2863SOLE      NONE
POWERSHARES LISTED PRIV         EQUITY - ETF73935X195    152    19058SOLE      NONE
VANGUARD INDEX FDS              EQUITY - ETF922908611    190     3036SOLE      NONE
VANGUARD INDEX FDS              EQUITY - ETF92204A306    147     1460SOLE      NONE
VANGUARD INDEX FDS              EQUITY - ETF922908553 318225  5486637SOLE      NONE
VANGUARD INDEX FDS              EQUITY - ETF922908629    179     2493SOLE      NONE
VANGUARD TOTAL STK MKT ETF      EQUITY - ETF922908769  80858  1257510SOLE      NONE
VANGUARD INDEX FDS              EQUITY - ETF922908744    314     5978SOLE      NONE
VANGUARD GROWTH ETF             EQUITY - ETF922908736 586061  9489325SOLE      NONE
VANGUARD INDEX FDS              EQUITY - ETF922042858    175     4586SOLE      NONE
VANGUARD INDEX FDS              EQUITY - ETF922908652    191     3687SOLE      NONE
ALPS ETF TR                     EQUITY - ETF00162Q866	 198    11915SOLE      NONE
WISDOMTREE TRUST                EQUITY - ETF97717W125	 209     4628SOLE      NONE