Arete Wealth Management 13F-HR Quarterly holdings report by institutional manager

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

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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
AMERICAN APPAREL INC	COM	023850100	73	80,640	SH		SOLE		0	0	80,640
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	4,293	161,397	SH		SOLE		0	0	161,397
AMERICAN INTL GROUP INC	COM NEW	026874784	8,357	153,111	SH		SOLE		0	0	153,111
ANNALY CAP MGMT INC	COM	035710409	192	16,871	SH		SOLE		0	0	16,871
APPLE INC	COM	037833100	7,836	84,103	SH		SOLE		0	0	84,103
APPLE INC	CALL	037833900	265	112	SH	Call	SOLE		0	0	112
BAIDU INC	SPON ADR REP A	056752108	1,515	8,102	SH		SOLE		0	0	8,102
BANCORPSOUTH INC	COM	059692103	384	15,623	SH		SOLE		0	0	15,623
BANK OF AMERICA CORPORATION	COM	060505104	14,425	938,478	SH		SOLE		0	0	938,478
BANK OF AMERICA CORPORATION	*W EXP 01/16/201	060505146	1,925	280,550	SH		SOLE		0	0	280,550
BARRICK GOLD CORP	COM	067901108	950	51,904	SH		SOLE		0	0	51,904
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	760	4	SH		SOLE		0	0	4
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,511	11,939	SH		SOLE		0	0	11,939
BLOCK H & R INC	COM	093671105	263	7,856	SH		SOLE		0	0	7,856
CASELLA WASTE SYS INC	CL A	147448104	75	15,000	SH		SOLE		0	0	15,000
CASEYS GEN STORES INC	COM	147528103	700	9,960	SH		SOLE		0	0	9,960
CATERPILLAR INC DEL	COM	149123101	320	2,944	SH		SOLE		0	0	2,944
CELGENE CORP	COM	151020104	366	4,186	SH		SOLE		0	0	4,186
CHESAPEAKE ENERGY CORP	COM	165167107	2,732	87,903	SH		SOLE		0	0	87,903
COLUMBIA PPTY TR INC	COM NEW	198287203	390	15,025	SH		SOLE		0	0	15,025
CREDIT SUISSE ASSET MGMT INC	COM	224916106	218	59,880	SH		SOLE		0	0	59,880
CREE INC	COM	225447101	979	19,590	SH		SOLE		0	0	19,590
DANAHER CORP DEL	COM	235851102	297	3,767	SH		SOLE		0	0	3,767
DIGITAL RLTY TR INC	COM	253868103	843	14,462	SH		SOLE		0	0	14,462
EXCO RESOURCES INC	COM	269279402	3,056	518,793	SH		SOLE		0	0	518,793
EMERITUS CORP	COM	291005106	219	6,930	SH		SOLE		0	0	6,930
ENCANA CORP	COM	292505104	1,597	67,344	SH		SOLE		0	0	67,344
FS INVT CORP	COM	302635107	9,299	873,092	SH		SOLE		0	0	873,092
FIRST TR STRATEGIC HIGH INC	COM SHS NEW	337353304	164	10,007	SH		SOLE		0	0	10,007
FORD MTR CO DEL	COM PAR $0.01	345370860	381	22,132	SH		SOLE		0	0	22,132
FOREST OIL CORP	COM PAR $0.01	346091705	194	85,197	SH		SOLE		0	0	85,197
GENERAL ELECTRIC CO	COM	369604103	286	10,889	SH		SOLE		0	0	10,889
HEARTLAND EXPRESS INC	COM	422347104	714	33,446	SH		SOLE		0	0	33,446
INTEL CORP	COM	458140100	778	25,163	SH		SOLE		0	0	25,163
INTERNATIONAL BUSINESS MACHS	COM	459200101	478	2,629	SH		SOLE		0	0	2,629
ISHARES	MSCI CDA ETF	464286509	814	25,269	SH		SOLE		0	0	25,269
ISHARES	MSCI SPAN CP ETF	464286764	517	12,066	SH		SOLE		0	0	12,066
ISHARES	TIPS BD ETF	464287176	565	4,894	SH		SOLE		0	0	4,894
ISHARES	CHINA LG-CAP ETF	464287184	531	14,326	SH		SOLE		0	0	14,326
ISHARES	CORE TOTUSBD ETF	464287226	455	4,160	SH		SOLE		0	0	4,160
ISHARES	MSCI EMG MKT ETF	464287234	1,056	24,417	SH		SOLE		0	0	24,417
ISHARES	GLOBAL TECH ETF	464287291	537	6,041	SH		SOLE		0	0	6,041
ISHARES	S&P 500 GRWT ETF	464287309	753	7,160	SH		SOLE		0	0	7,160
ISHARES	GLOB HLTHCRE ETF	464287325	556	5,894	SH		SOLE		0	0	5,894
ISHARES	GLOBAL FINLS ETF	464287333	509	8,902	SH		SOLE		0	0	8,902
ISHARES	S&P 500 VAL ETF	464287408	679	7,520	SH		SOLE		0	0	7,520
ISHARES	CORE S&P MCP ETF	464287507	665	4,650	SH		SOLE		0	0	4,650
ISHARES	S&P MC 400VL ETF	464287705	691	5,445	SH		SOLE		0	0	5,445
ISHARES	CORE S&P SCP ETF	464287804	978	8,728	SH		SOLE		0	0	8,728
ISHARES	INTERM CR BD ETF	464288638	321	2,911	SH		SOLE		0	0	2,911
JOHNSON & JOHNSON	COM	478160104	213	2,039	SH		SOLE		0	0	2,039
LEUCADIA NATL CORP	COM	527288104	909	34,650	SH		SOLE		0	0	34,650
PENNANTPARK INVT CORP	COM	708062104	184	15,800	SH		SOLE		0	0	15,800
SALEM COMMUNICATIONS CORP DE	CL A	794093104	163	17,212	SH		SOLE		0	0	17,212
SEARS HLDGS CORP	COM	812350106	222	5,559	SH		SOLE		0	0	5,559
SUMMIT HOTEL PPTYS	COM	866082100	291	27,492	SH		SOLE		0	0	27,492
TIMBERLINE RES CORP	COM	887133106	1	10,000	SH		SOLE		0	0	10,000
US BANCORP DEL	COM NEW	902973304	318	7,343	SH		SOLE		0	0	7,343
VANGUARD BD INDEX FD INC	INTERMED TERM	921937819	521	6,155	SH		SOLE		0	0	6,155
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	527	6,565	SH		SOLE		0	0	6,565
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	587	11,227	SH		SOLE		0	0	11,227
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	245	4,089	SH		SOLE		0	0	4,089
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	1,896	21,059	SH		SOLE		0	0	21,059
VANGUARD INDEX FDS	SMALL CP ETF	922908751	606	5,171	SH		SOLE		0	0	5,171
WELLS FARGO & CO NEW	COM	949746101	256	4,856	SH		SOLE		0	0	4,856
NOVAGOLD RES INC	COM NEW	66987E206	950	225,734	SH		SOLE		0	0	225,734
AALS ETF TR	ALERIAN MLP	00162Q866	774	40,711	SH		SOLE		0	0	40,711
AT&T INC	COM	00206R102	323	9,133	SH		SOLE		0	0	9,133
ACHILLION PHARMACEUTICALS IN	COM	00448Q201	98	13,000	SH		SOLE		0	0	13,000
ADVENT CLAYMORE CV SECS & IN	COM	00764C109	363	19,258	SH		SOLE		0	0	19,258
AMER RLTY CAP HEALTHCAR TR I	COM	02917R108	1,032	94,988	SH		SOLE		0	0	94,988
AMERICAN RLTY CAP PPTYS INC	COM	02917T104	1,474	117,160	SH		SOLE		0	0	117,160
BARCLAYS BANK PLC	ADR PFD SR 5	06739H362	1,348	52,036	SH		SOLE		0	0	52,036
BIOFUEL ENERGY CORP	COM NEW	09064Y307	96	14,006	SH		SOLE		0	0	14,006
BLACKROCK RES & COMM STRAT T	SHS	09257A108	636	51,237	SH		SOLE		0	0	51,237
CHENIERE ENERGY INC	COM NEW	16411R208	2,608	36,377	SH		SOLE		0	0	36,377
CISCO SYS INC	COM	17275R102	1,649	66,352	SH		SOLE		0	0	66,352
CLAYMORE EXCHANGE TRD FD TR	GUGG SPINOFF ETF	18383M605	1,102	23,806	SH		SOLE		0	0	23,806
CLAYMORE EXCHANGE TRD FD TR	GUGGENHEIM SOLAR	18383Q739	987	22,155	SH		SOLE		0	0	22,155
CLOUGH GLOBAL EQUITY FD	COM	18914C100	442	28,535	SH		SOLE		0	0	28,535
COHEN & STEERS INFRASTRUCTUR	COM	19248A109	529	21,588	SH		SOLE		0	0	21,588
CONOCOPHILLIPS	COM	20825C104	279	3,256	SH		SOLE		0	0	3,256
EOG RES INC	COM	26875P101	1,546	13,232	SH		SOLE		0	0	13,232
ETFS PALLADIUM TR	SH BEN INT	26923A106	1,065	12,960	SH		SOLE		0	0	12,960
EATON VANCE TXMGD GL BUYWR O	COM	27829C105	522	40,702	SH		SOLE		0	0	40,702
EATON VANCE RISK MNGD DIV EQ	COM	27829G106	428	37,054	SH		SOLE		0	0	37,054
EXXON MOBIL CORP	COM	30231G102	461	4,580	SH		SOLE		0	0	4,580
GLOBAL X FDS	SILVER MNR ETF	37950E853	178	12,540	SH		SOLE		0	0	12,540
GREENHUNTER RES INC	COM	39530A104	40	20,000	SH		SOLE		0	0	20,000
HOWARD HUGHES CORP	COM	44267D107	231	1,463	SH		SOLE		0	0	1,463
INVESCO DYNAMIC CR OPP FD	COM	46132R104	167	12,891	SH		SOLE		0	0	12,891
INVESCO MUNI INCOME OPP TRST	COM	46132X101	73	10,440	SH		SOLE		0	0	10,440
JPMORGAN CHASE & CO	COM	46625H100	407	7,070	SH		SOLE		0	0	7,070
JPMORGAN CHASE & CO	ALERIAN ML ETN	46625H365	3,273	62,488	SH		SOLE		0	0	62,488
LEGG MASON BW GLB INC OPP FD	COM	52469B100	373	20,350	SH		SOLE		0	0	20,350
LEVY ACQUISITION CORP	COM	52748T104	555	57,000	SH		SOLE		0	0	57,000
LEVY ACQUISITION CORP	*W EXP 11/19/201	52748T112	12	33,250	SH		SOLE		0	0	33,250
LEVY ACQUISITION CORP	UNIT 99/99/9999	52748T203	184	18,400	SH		SOLE		0	0	18,400
LIBERATOR MEDICAL HLDGS INC	COM	53012L108	83	22,000	SH		SOLE		0	0	22,000
MBIA INC	COM	55262C100	1,578	142,939	SH		SOLE		0	0	142,939
MARKET VECTORS ETF TR	OIL SVCS ETF	57060U191	818	14,155	SH		SOLE		0	0	14,155
MARKET VECTORS ETF TR	AFRICA ETF	57060U787	1,043	31,640	SH		SOLE		0	0	31,640
NEW YORK REIT INC	COM	64976L109	450	40,786	SH		SOLE		0	0	40,786
NUVEEN QUALITY PFD INC FD 3	COM	67072W101	965	111,134	SH		SOLE		0	0	111,134
PENNYMAC MTG INVT TR	COM	70931T103	206	9,405	SH		SOLE		0	0	9,405
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	1,365	12,773	SH		SOLE		0	0	12,773
PIMCO DYNAMIC CR INCOME FD	COM SHS	72202D106	313	13,122	SH		SOLE		0	0	13,122
POWERSHS DB MULTI SECT COMM	DB OIL FUND	73936B507	483	15,705	SH		SOLE		0	0	15,705
PROSHARES TR	PSHS ULTSH 20YRS	74347B201	469	7,620	SH		SOLE		0	0	7,620
RETAIL PPTYS AMER INC	CL A	76131V202	600	39,069	SH		SOLE		0	0	39,069
SPDR S&P 500 ETF TR	TR UNIT	78462F103	963	4,921	SH		SOLE		0	0	4,921
SPDR INDEX SHS FDS	DJ GLB RL ES ETF	78463X749	535	11,463	SH		SOLE		0	0	11,463
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	1,000	23,962	SH		SOLE		0	0	23,962
SPDR SERIES TRUST	S&P REGL BKG	78464A698	254	6,296	SH		SOLE		0	0	6,296
SPDR SERIES TRUST	S&P OILGAS EXP	78464A730	380	4,620	SH		SOLE		0	0	4,620
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	835	3,204	SH		SOLE		0	0	3,204
SANDRIDGE ENERGY INC	COM	80007P307	3,462	484,188	SH		SOLE		0	0	484,188
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	246	6,425	SH		SOLE		0	0	6,425
SPIRIT RLTY CAP INC NEW	COM	84860W102	352	30,957	SH		SOLE		0	0	30,957
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	159	18,800	SH		SOLE		0	0	18,800
STANDARD PAC CORP NEW	COM	85375C101	238	27,725	SH		SOLE		0	0	27,725
SUNOPTA INC	COM	8676EP108	197	13,850	SH		SOLE		0	0	13,850
VERIZON COMMUNICATIONS INC	COM	92343V104	306	6,256	SH		SOLE		0	0	6,256
VISA INC	COM CL A	92826C839	206	980	SH		SOLE		0	0	980
WELLS FARGO ADVANTAGE INCOME	COM SHS	94987B105	243	25,345	SH		SOLE		0	0	25,345
WESTERN ASSET EMRG MKT DEBT	COM	95766A101	1,761	95,822	SH		SOLE		0	0	95,822
WPX ENERGY INC	COM	98212B103	610	25,518	SH		SOLE		0	0	25,518
DELPHI AUTOMOTIVE PLC	SHS	G27823106	682	9,925	SH		SOLE		0	0	9,925