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

OMB APPROVAL

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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	66	80,640	SH		SOLE		0	0	80,640
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	3,837	161,205	SH		SOLE		0	0	161,205
AMERICAN INTL GROUP INC	COM NEW	026874784	8,394	155,390	SH		SOLE		0	0	155,390
ANNALY CAP MGMT INC	COM	035710409	158	14,612	SH		SOLE		0	0	14,612
APPLE INC	COM	037833100	7,184	71,488	SH		SOLE		0	0	71,488
APPLE INC	CALL	037833900	321	105	SH	Call	SOLE		0	0	105
BANCORPSOUTH INC	COM	059692103	315	15,655	SH		SOLE		0	0	15,655
BANK OF AMERICA CORPORATION	COM	060505104	17,162	1,006,561	SH		SOLE		0	0	1,006,561
BANK OF AMERICA CORPORATION	*W EXP 01/16/201	060505146	2,104	280,550	SH		SOLE		0	0	280,550
BARRICK GOLD CORP	COM	067901108	756	51,562	SH		SOLE		0	0	51,562
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	828	4	SH		SOLE		0	0	4
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,624	11,755	SH		SOLE		0	0	11,755
BLOCK H & R INC	COM	093671105	245	7,903	SH		SOLE		0	0	7,903
CASELLA WASTE SYS INC	CL A	147448104	58	15,000	SH		SOLE		0	0	15,000
CASEYS GEN STORES INC	COM	147528103	714	9,960	SH		SOLE		0	0	9,960
CATERPILLAR INC DEL	COM	149123101	290	2,933	SH		SOLE		0	0	2,933
CELGENE CORP	COM	151020104	368	3,926	SH		SOLE		0	0	3,926
CHESAPEAKE ENERGY CORP	COM	165167107	2,012	87,501	SH		SOLE		0	0	87,501
COLUMBIA PPTY TR INC	COM NEW	198287203	332	13,856	SH		SOLE		0	0	13,856
CREDIT SUISSE ASSET MGMT INC	COM	224916106	204	59,880	SH		SOLE		0	0	59,880
DANAHER CORP DEL	COM	235851102	222	2,917	SH		SOLE		0	0	2,917
DIGITAL RLTY TR INC	COM	253868103	914	14,656	SH		SOLE		0	0	14,656
EXCO RESOURCES INC	COM	269279402	1,909	571,482	SH		SOLE		0	0	571,482
ENCANA CORP	COM	292505104	1,450	68,356	SH		SOLE		0	0	68,356
FS INVT CORP	COM	302635107	9,370	870,773	SH		SOLE		0	0	870,773
FORD MTR CO DEL	COM PAR $0.01	345370860	326	22,180	SH		SOLE		0	0	22,180
FOREST OIL CORP	COM PAR $0.01	346091705	515	440,155	SH		SOLE		0	0	440,155
GENERAL ELECTRIC CO	COM	369604103	236	9,243	SH		SOLE		0	0	9,243
HEARTLAND EXPRESS INC	COM	422347104	801	33,446	SH		SOLE		0	0	33,446
INTERNATIONAL BUSINESS MACHS	COM	459200101	512	2,697	SH		SOLE		0	0	2,697
ISHARES	TIPS BD ETF	464287176	579	5,164	SH		SOLE		0	0	5,164
ISHARES	CORE TOTUSBD ETF	464287226	454	4,160	SH		SOLE		0	0	4,160
ISHARES	MSCI EMG MKT ETF	464287234	2,373	57,114	SH		SOLE		0	0	57,114
ISHARES	GLOBAL TECH ETF	464287291	553	6,043	SH		SOLE		0	0	6,043
ISHARES	S&P 500 GRWT ETF	464287309	777	7,273	SH		SOLE		0	0	7,273
ISHARES	GLOB HLTHCRE ETF	464287325	576	5,898	SH		SOLE		0	0	5,898
ISHARES	GLOBAL FINLS ETF	464287333	501	8,911	SH		SOLE		0	0	8,911
ISHARES	S&P 500 VAL ETF	464287408	694	7,705	SH		SOLE		0	0	7,705
ISHARES	CORE S&P MCP ETF	464287507	469	3,427	SH		SOLE		0	0	3,427
ISHARES	S&P MC 400VL ETF	464287705	655	5,445	SH		SOLE		0	0	5,445
ISHARES	INTERM CR BD ETF	464288638	318	2,911	SH		SOLE		0	0	2,911
JOHNSON & JOHNSON	COM	478160104	236	2,214	SH		SOLE		0	0	2,214
LEUCADIA NATL CORP	COM	527288104	2,052	86,077	SH		SOLE		0	0	86,077
PENNANTPARK INVT CORP	COM	708062104	371	34,150	SH		SOLE		0	0	34,150
SALEM COMMUNICATIONS CORP DE	CL A	794093104	132	17,353	SH		SOLE		0	0	17,353
SUMMIT HOTEL PPTYS	COM	866082100	119	11,049	SH		SOLE		0	0	11,049
TIMBERLINE RES CORP	COM	887133106	1	10,000	SH		SOLE		0	0	10,000
US BANCORP DEL	COM NEW	902973304	307	7,350	SH		SOLE		0	0	7,350
VANGUARD BD INDEX FD INC	INTERMED TERM	921937819	519	6,155	SH		SOLE		0	0	6,155
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	535	6,680	SH		SOLE		0	0	6,680
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	547	11,106	SH		SOLE		0	0	11,106
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	1,747	19,317	SH		SOLE		0	0	19,317
VANGUARD INDEX FDS	SMALL CP ETF	922908751	257	2,321	SH		SOLE		0	0	2,321
WELLS FARGO & CO NEW	COM	949746101	202	3,906	SH		SOLE		0	0	3,906
NOVAGOLD RES INC	COM NEW	66987E206	632	208,743	SH		SOLE		0	0	208,743
AT&T INC	COM	00206R102	311	8,822	SH		SOLE		0	0	8,822
ACHILLION PHARMACEUTICALS IN	COM	00448Q201	130	13,000	SH		SOLE		0	0	13,000
ADVENT CLAYMORE CV SECS & IN	COM	00764C109	478	27,586	SH		SOLE		0	0	27,586
AMER RLTY CAP HEALTHCAR TR I	COM	02917R108	895	84,616	SH		SOLE		0	0	84,616
AMERICAN RLTY CAP PPTYS INC	COM	02917T104	1,493	124,249	SH		SOLE		0	0	124,249
BARCLAYS BANK PLC	ADR PFD SR 5	06739H362	1,311	50,400	SH		SOLE		0	0	50,400
BIOFUEL ENERGY CORP	COM NEW	09064Y307	89	14,006	SH		SOLE		0	0	14,006
BLACKROCK RES & COMM STRAT T	SHS	09257A108	769	68,858	SH		SOLE		0	0	68,858
CHENIERE ENERGY INC	COM NEW	16411R208	2,911	36,377	SH		SOLE		0	0	36,377
CISCO SYS INC	COM	17275R102	1,302	51,744	SH		SOLE		0	0	51,744
CLAYMORE EXCHANGE TRD FD TR	GUGG SPINOFF ETF	18383M605	322	7,144	SH		SOLE		0	0	7,144
CLAYMORE EXCHANGE TRD FD TR	GUGGENHEIM SOLAR	18383Q739	892	21,955	SH		SOLE		0	0	21,955
CLOUGH GLOBAL EQUITY FD	COM	18914C100	606	42,267	SH		SOLE		0	0	42,267
COHEN & STEERS INFRASTRUCTUR	COM	19248A109	813	35,107	SH		SOLE		0	0	35,107
CONOCOPHILLIPS	COM	20825C104	295	3,851	SH		SOLE		0	0	3,851
EOG RES INC	COM	26875P101	1,312	13,246	SH		SOLE		0	0	13,246
ETFS PALLADIUM TR	SH BEN INT	26923A106	974	12,960	SH		SOLE		0	0	12,960
EATON VANCE TXMGD GL BUYWR O	COM	27829C105	594	48,897	SH		SOLE		0	0	48,897
EATON VANCE RISK MNGD DIV EQ	COM	27829G106	616	52,666	SH		SOLE		0	0	52,666
EXXON MOBIL CORP	COM	30231G102	424	4,509	SH		SOLE		0	0	4,509
GLOBAL X FDS	SILVER MNR ETF	37950E853	133	12,540	SH		SOLE		0	0	12,540
HOWARD HUGHES CORP	COM	44267D107	219	1,463	SH		SOLE		0	0	1,463
INVESCO DYNAMIC CR OPP FD	COM	46132R104	160	12,949	SH		SOLE		0	0	12,949
INVESCO MUNI INCOME OPP TRST	COM	46132X101	161	23,780	SH		SOLE		0	0	23,780
JPMORGAN CHASE & CO	COM	46625H100	426	7,074	SH		SOLE		0	0	7,074
JPMORGAN CHASE & CO	ALERIAN ML ETN	46625H365	2,065	38,911	SH		SOLE		0	0	38,911
LEGG MASON BW GLB INC OPP FD	COM	52469B100	492	29,057	SH		SOLE		0	0	29,057
LEVY ACQUISITION CORP	COM	52748T104	499	51,600	SH		SOLE		0	0	51,600
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	186	18,400	SH		SOLE		0	0	18,400
LIBERATOR MEDICAL HLDGS INC	COM	53012L108	69	22,000	SH		SOLE		0	0	22,000
MARKET VECTORS ETF TR	AFRICA ETF	57060U787	993	31,640	SH		SOLE		0	0	31,640
NEW YORK REIT INC	COM	64976L109	668	64,661	SH		SOLE		0	0	64,661
NUVEEN QUALITY PFD INC FD 3	COM	67072W101	1,183	141,297	SH		SOLE		0	0	141,297
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	768	7,405	SH		SOLE		0	0	7,405
PROSHARES TR	PSHS ULTSH 20YRS	74347B201	411	7,470	SH		SOLE		0	0	7,470
RETAIL PPTYS AMER INC	CL A	76131V202	543	37,001	SH		SOLE		0	0	37,001
SPDR S&P 500 ETF TR	TR UNIT	78462F103	3,119	15,830	SH		SOLE		0	0	15,830
SPDR INDEX SHS FDS	DJ GLB RL ES ETF	78463X749	509	11,472	SH		SOLE		0	0	11,472
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	967	24,064	SH		SOLE		0	0	24,064
SPDR SERIES TRUST	S&P REGL BKG	78464A698	239	6,323	SH		SOLE		0	0	6,323
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	799	3,205	SH		SOLE		0	0	3,205
SANDRIDGE ENERGY INC	COM	80007P307	2,698	628,844	SH		SOLE		0	0	628,844
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	635	15,922	SH		SOLE		0	0	15,922
SPIRIT RLTY CAP INC NEW	COM	84860W102	319	28,640	SH		SOLE		0	0	28,640
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	129	18,800	SH		SOLE		0	0	18,800
STANDARD PAC CORP NEW	COM	85375C101	208	27,725	SH		SOLE		0	0	27,725
SUNOPTA INC	COM	8676EP108	167	13,850	SH		SOLE		0	0	13,850
VERIZON COMMUNICATIONS INC	COM	92343V104	350	6,995	SH		SOLE		0	0	6,995
VISA INC	COM CL A	92826C839	209	980	SH		SOLE		0	0	980
WELLS FARGO ADVANTAGE INCOME	COM SHS	94987B105	229	25,345	SH		SOLE		0	0	25,345
WESTERN ASSET EMRG MKT DEBT	COM	95766A101	2,125	124,187	SH		SOLE		0	0	124,187
WPX ENERGY INC	COM	98212B103	588	24,437	SH		SOLE		0	0	24,437
DELPHI AUTOMOTIVE PLC	SHS	G27823106	603	9,832	SH		SOLE		0	0	9,832
H & Q HEALTHCARE INVESTORS	SH BEN INT	404052102	314	11,225	SH		SOLE		0	0	11,225
ADVENT CLAY CONV SEC INC FD	COM	007639107	199	29,500	SH		SOLE		0	0	29,500
BIOFUEL ENERGY CORP	RIGHT 10/17/2014	09064Y117	40	14,006	SH		SOLE		0	0	14,006
BLACKROCK MUNIVEST FN INC	COM	09253R105	165	17,187	SH		SOLE		0	0	17,187
BROOKDALE SR LIVING INC	COM	112463104	212	6,583	SH		SOLE		0	0	6,583
DREYFUS STRATEGIC MUN BD FD	COM	26202F107	168	20,875	SH		SOLE		0	0	20,875
FIRST TR EXCHANGE TRADED FD	HLTH CARE ALPH	33734X143	338	6,064	SH		SOLE		0	0	6,064
ISHARES	NAT AMT FREE BD	464288414	544	4,961	SH		SOLE		0	0	4,961
ISHARES	MBS ETF	464288588	367	3,395	SH		SOLE		0	0	3,395
KITE RLTY GROUP TR	COM NEW	49803T300	257	10,590	SH		SOLE		0	0	10,590
MICRON TECHNOLOGY INC	COM	595112103	1,674	48,866	SH		SOLE		0	0	48,866
NUVEEN MUN ADVANTAGE FD INC	COM	67062H106	167	12,380	SH		SOLE		0	0	12,380
NUVEEN PREM INCOME MUN FD 2	COM	67063W102	168	12,217	SH		SOLE		0	0	12,217
NUVEEN GLOBAL EQUITY INCOME	COM	6706EH103	178	13,250	SH		SOLE		0	0	13,250
NUVEEN CR STRATEGIES INCM FD	COM SHS	67073D102	235	26,365	SH		SOLE		0	0	26,365
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	4,001	40,504	SH		SOLE		0	0	40,504
POWERSHARES ETF TRUST	DWA MOMENTUM PTF	73935X153	346	8,791	SH		SOLE		0	0	8,791
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	1,592	69,616	SH		SOLE		0	0	69,616
PROCTOR & GAMBLE CO	COM	742718109	304	3,626	SH		SOLE		0	0	3,626
SPDR SERIES TRUST	NUVN BR SHT MUNI	78464A425	329	13,469	SH		SOLE		0	0	13,469
SPDR SERIES TRUST	NUVN BRCLY MUNI	78464A458	472	19,680	SH		SOLE		0	0	19,680
TESLA MTRS INC	COM	88160R101	242	997	SH		SOLE		0	0	997
TORTOISE MLP FD INC	COM	89148B101	440	15,167	SH		SOLE		0	0	15,167
UBS AG LONDON BRH	ETRACS MTH 2XLV	90270L842	478	18,240	SH		SOLE		0	0	18,240
UPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	934	25,237	SH		SOLE		0	0	25,237