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

OMB Number:		3235-0006
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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
AU OPTRONICS CORP	SPONSORED ADR	002255107	30	10,236	SH		SOLE		0	0	10,236
ABBOTT LABS	COM	002824100	418	9,997	SH		SOLE		0	0	9,997
ADVENT CLAY CONV SEC INC FD	COM	007639107	61	11,157	SH		SOLE		0	0	11,157
AGNICO EAGLE MINES LTD	COM	008474108	566	15,649	SH		SOLE		0	0	15,649
ALLSTATE CORP	COM	020002101	204	3,024	SH		SOLE		0	0	3,024
AMAZON COM INC	COM	023135106	410	691	SH		SOLE		0	0	691
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	7,317	391,261	SH		SOLE		0	0	391,261
AMERICAN INTL GROUP INC	COM NEW	026874784	8,945	165,497	SH		SOLE		0	0	165,497
AMGEN INC	COM	031162100	378	2,518	SH		SOLE		0	0	2,518
ANNALY CAP MGMT INC	COM	035710409	274	26,661	SH		SOLE		0	0	26,661
APPLE INC	COM	037833100	10,021	91,945	SH		SOLE		0	0	91,945
BAIDU INC	SPON ADR REP A	056752108	774	4,055	SH		SOLE		0	0	4,055
BANK OF AMERICA CORPORATION	COM	060505104	14,017	1,036,738	SH		SOLE		0	0	1,036,738
BARRICK GOLD CORP	COM	067901108	1,733	127,638	SH		SOLE		0	0	127,638
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	1,067	5	SH		SOLE		0	0	5
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	3,125	22,029	SH		SOLE		0	0	22,029
BLACKROCK INTL GRWTH & INC T	COM BENE INTER	092524107	1,612	272,316	SH		SOLE		0	0	272,316
CASEYS GEN STORES INC	COM	147528103	1,127	9,943	SH		SOLE		0	0	9,943
CELGENE CORP	COM	151020104	366	3,655	SH		SOLE		0	0	3,655
COLUMBIA PPTY TR INC	COM NEW	198287203	310	14,085	SH		SOLE		0	0	14,085
DANAHER CORP DEL	COM	235851102	336	3,543	SH		SOLE		0	0	3,543
DEERE & CO	COM	244199105	210	2,726	SH		SOLE		0	0	2,726
DEL TACO RESTAURANTS INC	COM	245496104	586	56,740	SH		SOLE		0	0	56,740
DISNEY WALT CO	COM DISNEY	254687106	314	3,164	SH		SOLE		0	0	3,164
DU PONT E I DE NEMOURS & CO	COM	263534109	206	3,248	SH		SOLE		0	0	3,248
FS INVT CORP	COM	302635107	9,365	1,021,230	SH		SOLE		0	0	1,021,230
FORD MTR CO DEL	COM PAR $0.01	345370860	206	15,228	SH		SOLE		0	0	15,228
GLOBAL NET LEASE INC	COM	379378102	1,792	209,386	SH		SOLE		0	0	209,386
GREEN BRICK PARTNERS INC	COM	392709101	269	35,442	SH		SOLE		0	0	35,442
HEARTLAND EXPRESS INC	COM	422347104	620	33,446	SH		SOLE		0	0	33,446
HUNT J B TRANS SVCS INC	COM	445658107	250	2,972	SH		SOLE		0	0	2,972
INTERNATIONAL BUSINESS MACHS	COM	459200101	1,616	10,669	SH		SOLE		0	0	10,669
ISHARES GOLD TRUST	ISHARES	464285105	143	12,043	SH		SOLE		0	0	12,043
ISHARES	TIPS BD ETF	464287176	575	5,015	SH		SOLE		0	0	5,015
ISHARES TR	CORE S&P500 ETF	464287200	280	1,355	SH		SOLE		0	0	1,355
ISHARES	CORE TOTUSBD ETF	464287226	1,059	9,553	SH		SOLE		0	0	9,553
ISHARES	MSCI EMG MKT ETF	464287234	503	14,700	SH		SOLE		0	0	14,700
ISHARES	GLOBAL TECH ETF	464287291	356	3,565	SH		SOLE		0	0	3,565
ISHARES	S&P 500 GRWT ETF	464287309	740	6,382	SH		SOLE		0	0	6,382
ISHARES	GLOB HLTHCRE ETF	464287325	340	3,534	SH		SOLE		0	0	3,534
ISHARES	GLOBAL FINLS ETF	464287333	264	5,368	SH		SOLE		0	0	5,368
ISHARES TR	MSCI EAFE ETF	464287465	720	12,597	SH		SOLE		0	0	12,597
ISHARES	CORE S&P MCP ETF	464287507	769	5,336	SH		SOLE		0	0	5,336
ISHARES TR	COHEN&STEER REIT	464287564	715	6,935	SH		SOLE		0	0	6,935
ISHARES TR	RUS 2000 VAL ETF	464287630	3,267	35,059	SH		SOLE		0	0	35,059
ISHARES TR	RUSSELL 2000 ETF	464287655	393	3,551	SH		SOLE		0	0	3,551
ISHARES	INTERM CR BD ETF	464288638	305	2,778	SH		SOLE		0	0	2,778
ISHARES	U.S. PFD STK ETF	464288687	904	23,153	SH		SOLE		0	0	23,153
JOHNSON & JOHNSON	COM	478160104	293	2,708	SH		SOLE		0	0	2,708
KEMPHARM INC	COM	488445107	15,143	1,044,344	SH		SOLE		0	0	1,044,344
MICROSOFT CORP	COM	594918104	365	6,613	SH		SOLE		0	0	6,613
PALO ALTO NETWORKS INC	COM	697435105	3,564	21,845	SH		SOLE		0	0	21,845
PENNANTPARK INVT CORP	COM	708062104	327	53,938	SH		SOLE		0	0	53,938
PEPSICO INC	COM	713448108	275	2,686	SH		SOLE		0	0	2,686
PFIZER INC	COM	717081103	213	7,172	SH		SOLE		0	0	7,172
PHILIP MORRIS INTL INC	COM	718172109	3,273	33,360	SH		SOLE		0	0	33,360
PROCTOR & GAMBLE CO	COM	742718109	459	5,573	SH		SOLE		0	0	5,573
SALEM COMMUNICATIONS CORP DE	CL A	794093104	105	18,297	SH		SOLE		0	0	18,297
SEARS HLDGS CORP	COM	812350106	153	10,010	SH		SOLE		0	0	10,010
SHERWIN WILLIAMS CO	COM	824348106	207	727	SH		SOLE		0	0	727
SILVER WHEATON CORP	COM	828336107	3,401	205,103	SH		SOLE		0	0	205,103
SOUTHWESTERN ENERGY CO	COM	845467109	271	33,535	SH		SOLE		0	0	33,535
STARBUCKS CORP	COM	855244109	364	6,089	SH		SOLE		0	0	6,089
US BANCORP DEL	COM NEW	902973304	207	5,110	SH		SOLE		0	0	5,110
VANGUARD BD INDEX FD INC	INTERMED TERM	921937819	543	6,298	SH		SOLE		0	0	6,298
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	558	6,921	SH		SOLE		0	0	6,921
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	287	6,652	SH		SOLE		0	0	6,652
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	303	6,253	SH		SOLE		0	0	6,253
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	1,005	5,332	SH		SOLE		0	0	5,332
VANGUARD INDEX FDS	REIT ETF	922908553	333	3,970	SH		SOLE		0	0	3,970
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	1,468	15,611	SH		SOLE		0	0	15,611
WELLS FARGO & CO NEW	COM	949746101	234	4,846	SH		SOLE		0	0	4,846
XENIA HOTELS & RESORTS INC	COM	984017103	729	46,654	SH		SOLE		0	0	46,654
NOVAGOLD RES INC	COM NEW	66987E206	754	149,565	SH		SOLE		0	0	149,565
AT&T INC	COM	00206R102	444	11,344	SH		SOLE		0	0	11,344
ABBVIE INC	COM	00287Y109	509	8,919	SH		SOLE		0	0	8,919
ADVENT CLAYMORE CV SECS & IN	COM	00764C109	421	31,870	SH		SOLE		0	0	31,870
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	1,021	12,924	SH		SOLE		0	0	12,924
ALPHABET INC	CAP STK CL C	02079K107	364	488	SH		SOLE		0	0	488
ALPHABET INC	CAP STK CL A	02079K305	212	278	SH		SOLE		0	0	278
ANTERO RES CORP	COM	03674X106	277	11,123	SH		SOLE		0	0	11,123
BARCLAYS BANK PLC	ADR PFD SR 5	06739H362	1,090	41,673	SH		SOLE		0	0	41,673
BLACKROCK MUNIVEST FN INC	COM	09253R105	473	43,894	SH		SOLE		0	0	43,894
CHENIERE ENERGY INC	COM NEW	16411R208	359	10,600	SH		SOLE		0	0	10,600
CISCO SYS INC	COM	17275R102	677	23,778	SH		SOLE		0	0	23,778
CLAYMORE EXCHANGE TRD FD TR	GUGG ENH SHT DUR	18383M654	803	16,101	SH		SOLE		0	0	16,101
CLAYMORE EXCHANGE TRD FD TR	GUGGENHEIM SOLAR	18383Q739	324	14,300	SH		SOLE		0	0	14,300
CLOUGH GLOBAL EQUITY FD	COM	18914C100	575	52,879	SH		SOLE		0	0	52,879
COHEN & STEERS INFRASTRUCTUR	COM	19248A109	515	25,977	SH		SOLE		0	0	25,977
CURRENCYSHARES AUSTRALIAN DL	AUSTRALIAN DOL	23129U101	362	4,717	SH		SOLE		0	0	4,717
CURRENCYSHS JAPANESE YEN TR	JAPANESE YEN	23130A102	455	5,284	SH		SOLE		0	0	5,284
DREYFUS STRATEGIC MUN BD FD	COM	26202F107	1,690	198,563	SH		SOLE		0	0	198,563
EOG RES INC	COM	26875P101	439	6,045	SH		SOLE		0	0	6,045
EQT CORP	COM	26884L109	295	4,381	SH		SOLE		0	0	4,381
EATON VANCE RISK MNGD DIV EQ	COM	27829G106	2,464	259,965	SH		SOLE		0	0	259,965
EXXON MOBIL CORP	COM	30231G102	319	3,816	SH		SOLE		0	0	3,816
FIVE STAR QUALITY CARE INC	COM	33832D106	31	13,595	SH		SOLE		0	0	13,595
GOLDMAN SACHS GROUP INC	COM	38141G104	3,009	19,168	SH		SOLE		0	0	19,168
INVESCO SR INCOME TR	COM	46131H107	218	54,006	SH		SOLE		0	0	54,006
INVESCO MUNI INCOME OPP TRST	COM	46132X101	479	62,409	SH		SOLE		0	0	62,409
ISHARES TR	EAFE MIN VOL ETF	46429B689	585	8,800	SH		SOLE		0	0	8,800
ISHARES TR	USA MIN VOL ETF	46429B697	688	15,670	SH		SOLE		0	0	15,670
JPMORGAN CHASE & CO	COM	46625H100	402	6,791	SH		SOLE		0	0	6,791
JPMORGAN CHASE & CO	ALERIAN ML ETN	46625H365	405	14,932	SH		SOLE		0	0	14,932
LEGG MASON BW GLB INC OPP FD	COM	52469B100	1,565	126,719	SH		SOLE		0	0	126,719
MARKET VECTORS ETF TR	GOLD MINER ETF	57060U100	4,733	236,989	SH		SOLE		0	0	236,989
MEDLEY CAP CORP	COM	58503F106	239	36,150	SH		SOLE		0	0	36,150
NEW YORK REIT INC	COM	64976L109	736	72,918	SH		SOLE		0	0	72,918
NORTHSTAR REALTY EUROPE CORP	COM	66706L101	144	12,441	SH		SOLE		0	0	12,441
NUVEEN MUN ADVANTAGE FD INC	COM	67062H106	462	32,163	SH		SOLE		0	0	32,163
NUVEEN PREM INCOME MUN FD 2	COM	67063W102	463	31,463	SH		SOLE		0	0	31,463
NUVEEN QUALITY PFD INC FD 3	COM	67072W101	1,387	161,826	SH		SOLE		0	0	161,826
PAYPAL HLDGS INC	COM	70450Y103	3,293	85,301	SH		SOLE		0	0	85,301
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	1,618	17,400	SH		SOLE		0	0	17,400
POWERSHARES ETF TR II	SOVEREIGN DEBT	73936T573	382	13,499	SH		SOLE		0	0	13,499
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	991	24,579	SH		SOLE		0	0	24,579
PROSHARES TR	PSHS ULTSH 20YRS	74347B201	234	6,344	SH		SOLE		0	0	6,344
PROSPECT CAPITAL CORPORATION	COM	74348T102	170	23,400	SH		SOLE		0	0	23,400
PRUDENTIAL SHT DURATION HG Y	COM	74442F107	215	13,949	SH		SOLE		0	0	13,949
RETAIL PPTYS AMER INC	CL A	76131V202	549	34,616	SH		SOLE		0	0	34,616
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	574	7,315	SH		SOLE		0	0	7,315
SPDR S&P 500 ETF TR	TR UNIT	78462F103	4,369	21,259	SH		SOLE		0	0	21,259
SPDR GOLD TRUST	GOLD SHS	78463V107	449	3,816	SH		SOLE		0	0	3,816
SPDR INDEX SHS FDS	DJ GLB RL ES ETF	78463X749	339	6,922	SH		SOLE		0	0	6,922
SPDR SERIES TRUST	S&P REGL BKG	78464A698	244	6,472	SH		SOLE		0	0	6,472
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	303	5,717	SH		SOLE		0	0	5,717
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	726	14,635	SH		SOLE		0	0	14,635
SELECT INCOME REIT	COM SH BEN INT	81618T100	803	34,821	SH		SOLE		0	0	34,821
SPIRIT RLTY CAP INC NEW	COM	84860W102	299	26,598	SH		SOLE		0	0	26,598
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	117	18,800	SH		SOLE		0	0	18,800
SUNOPTA INC	COM	8676EP108	94	21,050	SH		SOLE		0	0	21,050
TIER REIT INC	COM NEW	88650V208	208	15,472	SH		SOLE		0	0	15,472
TORTOISE MLP FD INC	COM	89148B101	2,149	131,496	SH		SOLE		0	0	131,496
TWITTER INC	COM	90184L102	243	14,656	SH		SOLE		0	0	14,656
UBS AG LONDON BRH	2X LEV LNG LKD	90267B765	209	12,950	SH		SOLE		0	0	12,950
UBS AG LONDON BRH	ETRACS MTH 2XLV	90270L842	492	30,775	SH		SOLE		0	0	30,775
VEREIT INC	COM	92339V100	382	43,072	SH		SOLE		0	0	43,072
VERIZON COMMUNICATIONS INC	COM	92343V104	424	7,840	SH		SOLE		0	0	7,840
VISA INC	COM CL A	92826C839	423	5,534	SH		SOLE		0	0	5,534
WESTERN ASSET EMRG MKT DEBT	COM	95766A101	429	29,578	SH		SOLE		0	0	29,578
WISDOMTREE TR	EM LCL DEBT FD	97717X867	380	10,322	SH		SOLE		0	0	10,322
WPX ENERGY INC	COM	98212B103	403	57,701	SH		SOLE		0	0	57,701
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	282	2,443	SH		SOLE		0	0	2,443
DELPHI AUTOMOTIVE PLC	SHS	G27823106	673	8,973	SH		SOLE		0	0	8,973
SHIP FINANCE INTERNATIONAL L	SHS	G81075106	157	11,317	SH		SOLE		0	0	11,317
SINA CORP	ORD	G81477104	515	10,870	SH		SOLE		0	0	10,870