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
ABBOTT LABS	COM	002824100	401	8,934	SH		SOLE		0	0	8,934
ADVENT CLAY CONV SEC INC FD	COM	007639107	62	11,157	SH		SOLE		0	0	11,157
AGNICO EAGLE MINES LTD	COM	008474108	431	16,396	SH		SOLE		0	0	16,396
AMAZON COM INC	COM	023135106	475	703	SH		SOLE		0	0	703
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	4,625	194,660	SH		SOLE		0	0	194,660
AMERICAN INTL GROUP INC	COM NEW	026874784	7,289	117,624	SH		SOLE		0	0	117,624
AMGEN INC	COM	031162100	372	2,290	SH		SOLE		0	0	2,290
ANNALY CAP MGMT INC	COM	035710409	251	26,751	SH		SOLE		0	0	26,751
APPLE INC	COM	037833100	6,491	61,665	SH		SOLE		0	0	61,665
BANK OF AMERICA CORPORATION	COM	060505104	15,344	911,681	SH		SOLE		0	0	911,681
BANK OF AMERICA CORPORATION	*W EXP 01/16/201	060505146	1,930	331,670	SH		SOLE		0	0	331,670
BARRICK GOLD CORP	COM	067901108	1,237	167,556	SH		SOLE		0	0	167,556
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	791	4	SH		SOLE		0	0	4
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	2,081	15,758	SH		SOLE		0	0	15,758
BLACKROCK INTL GRWTH & INC T	COM BENE INTER	092524107	649	103,975	SH		SOLE		0	0	103,975
BLOCK H & R INC	COM	093671105	271	8,150	SH		SOLE		0	0	8,150
BRISTOL MYERS SQUIBB CO	COM	110122108	208	3,028	SH		SOLE		0	0	3,028
CASELLA WASTE SYS INC	CL A	147448104	90	15,000	SH		SOLE		0	0	15,000
CASEYS GEN STORES INC	COM	147528103	1,196	9,927	SH		SOLE		0	0	9,927
CELGENE CORP	COM	151020104	372	3,107	SH		SOLE		0	0	3,107
COLUMBIA PPTY TR INC	COM NEW	198287203	290	12,369	SH		SOLE		0	0	12,369
DEERE & CO	COM	244199105	208	2,726	SH		SOLE		0	0	2,726
DEL TACO RESTAURANTS INC	COM	245496104	619	58,145	SH		SOLE		0	0	58,145
DISNEY WALT CO	COM DISNEY	254687106	296	2,820	SH		SOLE		0	0	2,820
DU PONT E I DE NEMOURS & CO	COM	263534109	218	3,270	SH		SOLE		0	0	3,270
FS INVT CORP	COM	302635107	9,123	1,014,830	SH		SOLE		0	0	1,014,830
FORD MTR CO DEL	COM PAR $0.01	345370860	3,637	258,110	SH		SOLE		0	0	258,110
GLOBAL NET LEASE INC	COM	379378102	1,612	202,706	SH		SOLE		0	0	202,706
GREEN BRICK PARTNERS INC	COM	392709101	255	35,442	SH		SOLE		0	0	35,442
HEARTLAND EXPRESS INC	COM	422347104	569	33,446	SH		SOLE		0	0	33,446
ILLUMINA INC	COM	452327109	2,055	10,705	SH		SOLE		0	0	10,705
INTERNATIONAL BUSINESS MACHS	COM	459200101	1,467	10,660	SH		SOLE		0	0	10,660
ISHARES GOLD TRUST	ISHARES	464285105	123	12,043	SH		SOLE		0	0	12,043
ISHARES	TIPS BD ETF	464287176	550	5,015	SH		SOLE		0	0	5,015
ISHARES	CORE TOTUSBD ETF	464287226	742	6,869	SH		SOLE		0	0	6,869
ISHARES	GLOBAL TECH ETF	464287291	370	3,793	SH		SOLE		0	0	3,793
ISHARES	S&P 500 GRWT ETF	464287309	983	8,489	SH		SOLE		0	0	8,489
ISHARES	GLOB HLTHCRE ETF	464287325	437	4,256	SH		SOLE		0	0	4,256
ISHARES	GLOBAL FINLS ETF	464287333	298	5,620	SH		SOLE		0	0	5,620
ISHARES	CORE S&P MCP ETF	464287507	313	2,245	SH		SOLE		0	0	2,245
ISHARES TR	COHEN&STEER REIT	464287564	688	6,935	SH		SOLE		0	0	6,935
ISHARES TR	S&P MC 400GR ETF	464287606	583	3,625	SH		SOLE		0	0	3,625
ISHARES TR	RUSSELL 2000 ETF	464287655	358	3,178	SH		SOLE		0	0	3,178
ISHARES	NAT AMT FREE BD	464288414	463	4,181	SH		SOLE		0	0	4,181
ISHARES	INTERM CR BD ETF	464288638	312	2,911	SH		SOLE		0	0	2,911
ISHARES	U.S. PFD STK ETF	464288687	637	16,395	SH		SOLE		0	0	16,395
JOHNSON & JOHNSON	COM	478160104	251	2,443	SH		SOLE		0	0	2,443
KEMPHARM INC	COM	488445107	19,604	987,111	SH		SOLE		0	0	987,111
MICROSOFT CORP	COM	594918104	280	5,051	SH		SOLE		0	0	5,051
OLIN CORP	COM PAR $1	680665205	3,048	176,571	SH		SOLE		0	0	176,571
PENNANTPARK INVT CORP	COM	708062104	351	56,824	SH		SOLE		0	0	56,824
PEPSICO INC	COM	713448108	219	2,196	SH		SOLE		0	0	2,196
PFIZER INC	COM	717081103	208	6,446	SH		SOLE		0	0	6,446
PROCTOR & GAMBLE CO	COM	742718109	424	5,334	SH		SOLE		0	0	5,334
SALEM COMMUNICATIONS CORP DE	CL A	794093104	91	18,297	SH		SOLE		0	0	18,297
STAMPS COM INC	COM NEW	852857200	243	2,220	SH		SOLE		0	0	2,220
TAL INTL GROUP INC	COM	874083108	2,951	185,591	SH		SOLE		0	0	185,591
TOLL BROTHERS INC	COM	889478103	3,765	113,054	SH		SOLE		0	0	113,054
US BANCORP DEL	COM NEW	902973304	218	5,110	SH		SOLE		0	0	5,110
VANGUARD BD INDEX FD INC	INTERMED TERM	921937819	523	6,298	SH		SOLE		0	0	6,298
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	551	6,921	SH		SOLE		0	0	6,921
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	391	5,858	SH		SOLE		0	0	5,858
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	394	9,078	SH		SOLE		0	0	9,078
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	350	7,019	SH		SOLE		0	0	7,019
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	637	3,409	SH		SOLE		0	0	3,409
VANGUARD INDEX FDS	REIT ETF	922908553	303	3,795	SH		SOLE		0	0	3,795
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	1,459	15,608	SH		SOLE		0	0	15,608
VANGUARD INDEX FDS	SMALL CP ETF	922908751	225	2,029	SH		SOLE		0	0	2,029
WELLS FARGO & CO NEW	COM	949746101	279	5,131	SH		SOLE		0	0	5,131
XENIA HOTELS & RESORTS INC	COM	984017103	708	46,213	SH		SOLE		0	0	46,213
NOVAGOLD RES INC	COM NEW	66987E206	633	150,377	SH		SOLE		0	0	150,377
ALPS ETF TR	RIVRFRNT STR INC	00162Q783	263	10,885	SH		SOLE		0	0	10,885
AT&T INC	COM	00206R102	374	10,860	SH		SOLE		0	0	10,860
ABBVIE INC	COM	00287Y109	528	8,919	SH		SOLE		0	0	8,919
ADVENT CLAYMORE CV SECS & IN	COM	00764C109	386	28,568	SH		SOLE		0	0	28,568
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	1,058	13,024	SH		SOLE		0	0	13,024
ALPHABET INC	CAP STK CL C	02079K107	333	439	SH		SOLE		0	0	439
ALPHABET INC	CAP STK CL A	02079K305	4,395	5,649	SH		SOLE		0	0	5,649
BARCLAYS BANK PLC	ADR PFD SR 5	06739H362	1,151	43,377	SH		SOLE		0	0	43,377
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	3,400	169,138	SH		SOLE		0	0	169,138
BLACKROCK MUNIVEST FN INC	COM	09253R105	378	36,862	SH		SOLE		0	0	36,862
CISCO SYS INC	COM	17275R102	610	22,479	SH		SOLE		0	0	22,479
CLAYMORE EXCHANGE TRD FD TR	GUGG ENH SHT DUR	18383M654	268	5,379	SH		SOLE		0	0	5,379
CLOUGH GLOBAL EQUITY FD	COM	18914C100	568	45,292	SH		SOLE		0	0	45,292
COHEN & STEERS INFRASTRUCTUR	COM	19248A109	477	25,005	SH		SOLE		0	0	25,005
DREYFUS STRATEGIC MUN BD FD	COM	26202F107	1,564	193,853	SH		SOLE		0	0	193,853
EOG RES INC	COM	26875P101	3,235	45,692	SH		SOLE		0	0	45,692
EATON VANCE RISK MNGD DIV EQ	COM	27829G106	2,333	229,587	SH		SOLE		0	0	229,587
EXXON MOBIL CORP	COM	30231G102	316	4,052	SH		SOLE		0	0	4,052
FIVE STAR QUALITY CARE INC	COM	33832D106	43	13,595	SH		SOLE		0	0	13,595
GLOBAL X FDS	GLBL X MLP ETF	37950E473	177	17,081	SH		SOLE		0	0	17,081
GOLDMAN SACHS GROUP INC	COM	38141G104	2,717	15,074	SH		SOLE		0	0	15,074
GREENHUNTER RES INC	COM	39530A104	3	31,000	SH		SOLE		0	0	31,000
INVESCO DYNAMIC CR OPP FD	COM	46132R104	106	10,061	SH		SOLE		0	0	10,061
INVESCO MUNI INCOME OPP TRST	COM	46132X101	383	52,486	SH		SOLE		0	0	52,486
ISHARES TR	USA MIN VOL ETF	46429B697	655	15,670	SH		SOLE		0	0	15,670
JPMORGAN CHASE & CO	COM	46625H100	434	6,573	SH		SOLE		0	0	6,573
LEGG MASON BW GLB INC OPP FD	COM	52469B100	1,739	150,175	SH		SOLE		0	0	150,175
LIBERATOR MEDICAL HLDGS INC	COM	53012L108	73	22,000	SH		SOLE		0	0	22,000
MEDLEY CAP CORP	COM	58503F106	291	38,650	SH		SOLE		0	0	38,650
NETFLIX INC	COM	64110L106	212	1,855	SH		SOLE		0	0	1,855
NEW YORK REIT INC	COM	64976L109	901	78,340	SH		SOLE		0	0	78,340
NORTHSTAR REALTY EUROPE CORP	COM	66706L101	161	13,623	SH		SOLE		0	0	13,623
NUVEEN MUN ADVANTAGE FD INC	COM	67062H106	375	27,054	SH		SOLE		0	0	27,054
NUVEEN PREM INCOME MUN FD 2	COM	67063W102	379	26,244	SH		SOLE		0	0	26,244
NUVEEN QUALITY PFD INC FD 3	COM	67072W101	1,401	165,037	SH		SOLE		0	0	165,037
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	1,428	15,582	SH		SOLE		0	0	15,582
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	389	3,475	SH		SOLE		0	0	3,475
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	1,361	35,290	SH		SOLE		0	0	35,290
PRINCIPAL FINL GROUP INC	COM	74251V102	225	4,994	SH		SOLE		0	0	4,994
PROSHARES TR	PSHS ULTSH 20YRS	74347B201	288	6,544	SH		SOLE		0	0	6,544
PROSHARES TR	ULTSHRT QQQ	74348A426	4,029	135,599	SH		SOLE		0	0	135,599
PROSPECT CAPITAL CORPORATION	COM	74348T102	146	20,900	SH		SOLE		0	0	20,900
RCS CAP CORP	COM CL A	74937W102	9	29,992	SH		SOLE		0	0	29,992
RETAIL PPTYS AMER INC	CL A	76131V202	496	33,610	SH		SOLE		0	0	33,610
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	267	3,479	SH		SOLE		0	0	3,479
SPDR S&P 500 ETF TR	TR UNIT	78462F103	3,513	17,231	SH		SOLE		0	0	17,231
SPDR INDEX SHS FDS	DJ GLB RL ES ETF	78463X749	350	7,477	SH		SOLE		0	0	7,477
SPDR SERIES TRUST	NUVN BRCLY MUNI	78464A458	715	29,346	SH		SOLE		0	0	29,346
SPDR SERIES TRUST	S&P REGL BKG	78464A698	270	6,443	SH		SOLE		0	0	6,443
SANDRIDGE ENERGY INC	COM	80007P307	2	10,394	SH		SOLE		0	0	10,394
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	707	13,996	SH		SOLE		0	0	13,996
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	314	7,328	SH		SOLE		0	0	7,328
SELECT INCOME REIT	COM SH BEN INT	81618T100	733	36,975	SH		SOLE		0	0	36,975
SPIRIT RLTY CAP INC NEW	COM	84860W102	226	22,555	SH		SOLE		0	0	22,555
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	99	18,800	SH		SOLE		0	0	18,800
SUNOPTA INC	COM	8676EP108	82	12,050	SH		SOLE		0	0	12,050
TIER REIT INC	COM NEW	88650V208	263	17,863	SH		SOLE		0	0	17,863
TORTOISE MLP FD INC	COM	89148B101	1,919	110,538	SH		SOLE		0	0	110,538
UBS AG LONDON BRH	2X LEV LNG LKD	90267B765	207	12,950	SH		SOLE		0	0	12,950
UBS AG LONDON BRH	ETRACS MTH 2XLV	90270L842	491	31,975	SH		SOLE		0	0	31,975
VEREIT INC	COM	92339V100	357	45,072	SH		SOLE		0	0	45,072
VERIZON COMMUNICATIONS INC	COM	92343V104	330	7,149	SH		SOLE		0	0	7,149
VISA INC	COM CL A	92826C839	3,658	47,175	SH		SOLE		0	0	47,175
WESTERN ASSET EMRG MKT DEBT	COM	95766A101	394	28,720	SH		SOLE		0	0	28,720
WPX ENERGY INC	COM	98212B103	69	12,013	SH		SOLE		0	0	12,013
SHIP FINANCE INTERNATIONAL L	SHS	G81075106	183	11,050	SH		SOLE		0	0	11,050