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
ACHILLION PHARMACEUTICALS IN	COM	00448Q201	159	13,000	SH		SOLE		0	0	13,000
ADVENT CLAY CONV SEC INC FD	COM	007639107	412	65,350	SH		SOLE		0	0	65,350
ADVENT CLAYMORE CV SECS & IN	COM	00764C109	514	31,437	SH		SOLE		0	0	31,437
AMAZON COM INC	COM	023135106	200	646	SH		SOLE		0	0	646
AMER RLTY CAP HEALTHCAR TR I	COM	02917R108	923	77,556	SH		SOLE		0	0	77,556
AMERICAN APPAREL INC	COM	023850100	83	80,640	SH		SOLE		0	0	80,640
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	4,237	172,107	SH		SOLE		0	0	172,107
AMERICAN INTL GROUP INC	COM NEW	026874784	12,018	214,565	SH		SOLE		0	0	214,565
AMERICAN RLTY CAP PPTYS INC	COM	02917T104	392	43,357	SH		SOLE		0	0	43,357
AMGEN INC	COM	031162100	365	2,290	SH		SOLE		0	0	2,290
ANNALY CAP MGMT INC	COM	035710409	166	15,312	SH		SOLE		0	0	15,312
APACHE CORP	COM	037411105	549	8,754	SH		SOLE		0	0	8,754
APPLE INC	COM	037833100	6,643	60,179	SH		SOLE		0	0	60,179
AT&T INC	COM	00206R102	314	9,352	SH		SOLE		0	0	9,352
BANCORPSOUTH INC	COM	059692103	354	15,713	SH		SOLE		0	0	15,713
BANK OF AMERICA CORPORATION	*W EXP 01/16/201	060505146	2,003	284,550	SH		SOLE		0	0	284,550
BANK OF AMERICA CORPORATION	COM	060505104	19,868	1,110,549	SH		SOLE		0	0	1,110,549
BARCLAYS BANK PLC	ADR PFD SR 5	06739H362	1,294	49,603	SH		SOLE		0	0	49,603
BARRICK GOLD CORP	COM	067901108	355	32,978	SH		SOLE		0	0	32,978
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	904	4	SH		SOLE		0	0	4
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,624	10,818	SH		SOLE		0	0	10,818
BLACKROCK MUNIVEST FN INC	COM	09253R105	278	28,098	SH		SOLE		0	0	28,098
BLACKROCK RES & COMM STRAT T	SHS	09257A108	704	72,470	SH		SOLE		0	0	72,470
BLOCK H & R INC	COM	093671105	268	7,954	SH		SOLE		0	0	7,954
BROOKDALE SR LIVING INC	COM	112463104	241	6,583	SH		SOLE		0	0	6,583
CASELLA WASTE SYS INC	CL A	147448104	61	15,000	SH		SOLE		0	0	15,000
CASEYS GEN STORES INC	COM	147528103	900	9,961	SH		SOLE		0	0	9,961
CATERPILLAR INC DEL	COM	149123101	257	2,810	SH		SOLE		0	0	2,810
CELGENE CORP	COM	151020104	383	3,426	SH		SOLE		0	0	3,426
CHESAPEAKE ENERGY CORP	COM	165167107	2,077	106,134	SH		SOLE		0	0	106,134
CISCO SYS INC	COM	17275R102	1,516	54,506	SH		SOLE		0	0	54,506
CLOUGH GLOBAL EQUITY FD	COM	18914C100	671	46,329	SH		SOLE		0	0	46,329
CME GROUP INC	COM	12572Q105	1,379	15,550	SH		SOLE		0	0	15,550
COCA COLA CO	COM	191216100	453	10,721	SH		SOLE		0	0	10,721
COHEN & STEERS INFRASTRUCTUR	COM	19248A109	568	24,996	SH		SOLE		0	0	24,996
COLUMBIA PPTY TR INC	COM NEW	198287203	320	12,606	SH		SOLE		0	0	12,606
CONOCOPHILLIPS	COM	20825C104	232	3,356	SH		SOLE		0	0	3,356
CREDIT SUISSE ASSET MGMT INC	COM	224916106	172	52,280	SH		SOLE		0	0	52,280
CREDIT SUISSE HIGH YLD BND F	SH BEN INT	22544F103	422	150,824	SH		SOLE		0	0	150,824
DANAHER CORP DEL	COM	235851102	219	2,557	SH		SOLE		0	0	2,557
DEERE & CO	COM	244199105	247	2,795	SH		SOLE		0	0	2,795
DELTA AIR LINES INC DEL	COM NEW	247361702	1,740	35,366	SH		SOLE		0	0	35,366
DEVON ENERGY CORP NEW	COM	25179M103	242	3,952	SH		SOLE		0	0	3,952
DIGITAL RLTY TR INC	COM	253868103	1,658	25,004	SH		SOLE		0	0	25,004
DREYFUS STRATEGIC MUN BD FD	COM	26202F107	685	86,000	SH		SOLE		0	0	86,000
EATON VANCE RISK MNGD DIV EQ	COM	27829G106	1,136	106,554	SH		SOLE		0	0	106,554
EATON VANCE TXMGD GL BUYWR O	COM	27829C105	661	60,009	SH		SOLE		0	0	60,009
ENCANA CORP	COM	292505104	726	52,309	SH		SOLE		0	0	52,309
ETFS PALLADIUM TR	SH BEN INT	26923A106	952	12,282	SH		SOLE		0	0	12,282
EXCO RESOURCES INC	COM	269279402	920	424,095	SH		SOLE		0	0	424,095
EXXON MOBIL CORP	COM	30231G102	258	2,787	SH		SOLE		0	0	2,787
FIVE STAR QUALITY CARE INC	COM	33832D106	56	13,595	SH		SOLE		0	0	13,595
FORD MTR CO DEL	COM PAR $0.01	345370860	343	22,140	SH		SOLE		0	0	22,140
FS INVT CORP	COM	302635107	10,449	1,052,314	SH		SOLE		0	0	1,052,314
GENERAL ELECTRIC CO	COM	369604103	241	9,526	SH		SOLE		0	0	9,526
GLOBAL X FDS	SILVER MNR ETF	37950E853	116	12,540	SH		SOLE		0	0	12,540
GOLDMAN SACHS GROUP INC	COM	38141G104	256	1,319	SH		SOLE		0	0	1,319
GREEN BRICK PARTNERS INC	COM	392709101	373	45,442	SH		SOLE		0	0	45,442
GREENHUNTER RES INC	COM	39530A104	8	11,000	SH		SOLE		0	0	11,000
HEARTLAND EXPRESS INC	COM	422347104	903	33,446	SH		SOLE		0	0	33,446
HUNT J B TRANS SVCS INC	COM	445658107	1,611	19,124	SH		SOLE		0	0	19,124
ILLUMINA INC	COM	452327109	1,380	7,477	SH		SOLE		0	0	7,477
INTERNATIONAL BUSINESS MACHS	COM	459200101	787	4,908	SH		SOLE		0	0	4,908
INVESCO DYNAMIC CR OPP FD	COM	46132R104	131	11,093	SH		SOLE		0	0	11,093
INVESCO MUNI INCOME OPP TRST	COM	46132X101	279	39,915	SH		SOLE		0	0	39,915
ISHARES	INTERM CR BD ETF	464288638	318	2,911	SH		SOLE		0	0	2,911
ISHARES	U.S. PFD STK ETF	464288687	320	8,115	SH		SOLE		0	0	8,115
ISHARES	CORE TOTUSBD ETF	464287226	458	4,160	SH		SOLE		0	0	4,160
ISHARES	GLOBAL FINLS ETF	464287333	503	8,911	SH		SOLE		0	0	8,911
ISHARES	TIPS BD ETF	464287176	536	4,785	SH		SOLE		0	0	4,785
ISHARES	GLOBAL TECH ETF	464287291	547	5,768	SH		SOLE		0	0	5,768
ISHARES	GLOB HLTHCRE ETF	464287325	559	5,613	SH		SOLE		0	0	5,613
ISHARES	S&P MC 400VL ETF	464287705	696	5,445	SH		SOLE		0	0	5,445
ISHARES	S&P 500 VAL ETF	464287408	722	7,703	SH		SOLE		0	0	7,703
ISHARES	S&P 500 GRWT ETF	464287309	841	7,540	SH		SOLE		0	0	7,540
ISHARES TR	20+ YR TR BD ETF	464287432	487	3,868	SH		SOLE		0	0	3,868
JOHNSON & JOHNSON	COM	478160104	211	2,022	SH		SOLE		0	0	2,022
JPMORGAN CHASE & CO	COM	46625H100	436	6,973	SH		SOLE		0	0	6,973
KITE RLTY GROUP TR	COM NEW	49803T300	203	7,071	SH		SOLE		0	0	7,071
LEGG MASON BW GLB INC OPP FD	COM	52469B100	1,220	72,998	SH		SOLE		0	0	72,998
LEUCADIA NATL CORP	COM	527288104	2,181	97,297	SH		SOLE		0	0	97,297
LEVY ACQUISITION CORP	*W EXP 11/19/201	52748T112	12	32,750	SH		SOLE		0	0	32,750
LEVY ACQUISITION CORP	UNIT 99/99/9999	52748T203	185	18,400	SH		SOLE		0	0	18,400
LEVY ACQUISITION CORP	COM	52748T104	371	38,200	SH		SOLE		0	0	38,200
LIBERATOR MEDICAL HLDGS INC	COM	53012L108	64	22,000	SH		SOLE		0	0	22,000
LINKEDIN CORP	COM CL A	53578A108	1,690	7,355	SH		SOLE		0	0	7,355
MICRON TECHNOLOGY INC	COM	595112103	1,934	55,249	SH		SOLE		0	0	55,249
MONOGRAM RESIDENTIAL TR INC	COM	60979P105	2,686	290,093	SH		SOLE		0	0	290,093
NEW YORK REIT INC	COM	64976L109	640	60,402	SH		SOLE		0	0	60,402
NOVAGOLD RES INC	COM NEW	66987E206	671	227,389	SH		SOLE		0	0	227,389
NUVEEN CR STRATEGIES INCM FD	COM SHS	67073D102	196	22,385	SH		SOLE		0	0	22,385
NUVEEN GLOBAL EQUITY INCOME	COM	6706EH103	185	14,250	SH		SOLE		0	0	14,250
NUVEEN MUN ADVANTAGE FD INC	COM	67062H106	275	20,122	SH		SOLE		0	0	20,122
NUVEEN PREM INCOME MUN FD 2	COM	67063W102	280	19,777	SH		SOLE		0	0	19,777
NUVEEN QUALITY PFD INC FD 3	COM	67072W101	1,072	128,722	SH		SOLE		0	0	128,722
PENNANTPARK INVT CORP	COM	708062104	630	66,080	SH		SOLE		0	0	66,080
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	788	7,818	SH		SOLE		0	0	7,818
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	1,673	44,077	SH		SOLE		0	0	44,077
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	852	8,250	SH		SOLE		0	0	8,250
PROCTOR & GAMBLE CO	COM	742718109	325	3,566	SH		SOLE		0	0	3,566
PROSHARES TR	PSHS ULTSH 20YRS	74347B201	370	7,970	SH		SOLE		0	0	7,970
PROSHARES TR	PSHS ULTRUSS2000	74347R842	1,392	15,390	SH		SOLE		0	0	15,390
PROSHARES TR	PSHS ULTRA QQQ	74347R206	1,931	14,120	SH		SOLE		0	0	14,120
PROSPECT CAPITAL CORPORATION	COM	74348T102	127	15,400	SH		SOLE		0	0	15,400
RETAIL PPTYS AMER INC	CL A	76131V202	588	35,209	SH		SOLE		0	0	35,209
SALEM COMMUNICATIONS CORP DE	CL A	794093104	137	17,495	SH		SOLE		0	0	17,495
SAMSON OIL & GAS LTD	SPON ADR	796043107	2	10,000	SH		SOLE		0	0	10,000
SANDISK CORP	COM	80004C101	1,252	12,783	SH		SOLE		0	0	12,783
SANDRIDGE ENERGY INC	COM	80007P307	25	13,627	SH		SOLE		0	0	13,627
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	757	16,021	SH		SOLE		0	0	16,021
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	961	19,820	SH		SOLE		0	0	19,820
SHERWIN WILLIAMS CO	COM	824348106	205	780	SH		SOLE		0	0	780
SKYWORKS SOLUTIONS INC	COM	83088M102	1,371	18,860	SH		SOLE		0	0	18,860
SM ENERGY CO	COM	78454L100	1,815	47,041	SH		SOLE		0	0	47,041
SPDR INDEX SHS FDS	DJ GLB RL ES ETF	78463X749	537	11,245	SH		SOLE		0	0	11,245
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,534	7,461	SH		SOLE		0	0	7,461
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	846	3,206	SH		SOLE		0	0	3,206
SPDR SERIES TRUST	S&P REGL BKG	78464A698	259	6,354	SH		SOLE		0	0	6,354
SPDR SERIES TRUST	S&P RETAIL ETF	78464A714	333	3,466	SH		SOLE		0	0	3,466
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	565	14,639	SH		SOLE		0	0	14,639
SPIRIT RLTY CAP INC NEW	COM	84860W102	357	29,988	SH		SOLE		0	0	29,988
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	116	18,800	SH		SOLE		0	0	18,800
STANDARD PAC CORP NEW	COM	85375C101	101	13,863	SH		SOLE		0	0	13,863
STARBUCKS CORP	COM	855244109	1,358	16,555	SH		SOLE		0	0	16,555
SUNOPTA INC	COM	8676EP108	164	13,850	SH		SOLE		0	0	13,850
TEKLA HEALTHCARE INVS	SH BEN INT	87911J103	401	12,750	SH		SOLE		0	0	12,750
TORTOISE MLP FD INC	COM	89148B101	544	19,471	SH		SOLE		0	0	19,471
UBS AG LONDON BRH	2X LEV LNG LKD	90267B765	215	10,050	SH		SOLE		0	0	10,050
UBS AG LONDON BRH	ETRACS MTH 2XLV	90270L842	706	30,265	SH		SOLE		0	0	30,265
US BANCORP DEL	COM NEW	902973304	309	6,876	SH		SOLE		0	0	6,876
VANGUARD BD INDEX FD INC	INTERMED TERM	921937819	532	6,277	SH		SOLE		0	0	6,277
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	544	6,806	SH		SOLE		0	0	6,806
VANGUARD INDEX FDS	REIT ETF	922908553	1,279	15,791	SH		SOLE		0	0	15,791
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	1,353	14,331	SH		SOLE		0	0	14,331
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	384	8,201	SH		SOLE		0	0	8,201
VERIZON COMMUNICATIONS INC	COM	92343V104	323	6,895	SH		SOLE		0	0	6,895
VISA INC	COM CL A	92826C839	257	980	SH		SOLE		0	0	980
WELLS FARGO & CO NEW	COM	949746101	226	4,127	SH		SOLE		0	0	4,127
WELLS FARGO ADVANTAGE INCOME	COM SHS	94987B105	225	25,345	SH		SOLE		0	0	25,345
WESTERN ASSET EMRG MKT DEBT	COM	95766A101	718	45,552	SH		SOLE		0	0	45,552
WPX ENERGY INC	COM	98212B103	1,154	99,249	SH		SOLE		0	0	99,249