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
AU OPTRONICS CORP	SPONSORED ADR	002255107	47	13,335	SH		SOLE		0	0	13,335
AGNICO EAGLE MINES LTD	COM	008474108	801	14,978	SH		SOLE		0	0	14,978
AMAZON COM INC	COM	023135106	494	691	SH		SOLE		0	0	691
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	8,492	454,353	SH		SOLE		0	0	454,353
AMERICAN INTL GROUP INC	COM NEW	026874784	8,738	165,217	SH		SOLE		0	0	165,217
AMGEN INC	COM	031162100	393	2,582	SH		SOLE		0	0	2,582
ANNALY CAP MGMT INC	COM	035710409	332	29,961	SH		SOLE		0	0	29,961
APPLE INC	COM	037833100	5,611	58,692	SH		SOLE		0	0	58,692
BANK OF AMERICA CORPORATION	COM	060505104	9,280	699,314	SH		SOLE		0	0	699,314
BARRICK GOLD CORP	COM	067901108	2,670	125,057	SH		SOLE		0	0	125,057
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	1,085	5	SH		SOLE		0	0	5
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	3,258	22,501	SH		SOLE		0	0	22,501
BLACKROCK INTL GRWTH & INC T	COM BENE INTER	092524107	1,728	300,443	SH		SOLE		0	0	300,443
CASEYS GEN STORES INC	COM	147528103	1,309	9,956	SH		SOLE		0	0	9,956
CELGENE CORP	COM	151020104	305	3,096	SH		SOLE		0	0	3,096
COCA COLA CO	COM	191216100	856	18,886	SH		SOLE		0	0	18,886
DANAHER CORP DEL	COM	235851102	326	3,223	SH		SOLE		0	0	3,223
DEERE & CO	COM	244199105	223	2,747	SH		SOLE		0	0	2,747
DEL TACO RESTAURANTS INC	COM	245496104	507	55,689	SH		SOLE		0	0	55,689
DISNEY WALT CO	COM DISNEY	254687106	279	2,855	SH		SOLE		0	0	2,855
DU PONT E I DE NEMOURS & CO	COM	263534109	246	3,798	SH		SOLE		0	0	3,798
FS INVT CORP	COM	302635107	8,905	984,012	SH		SOLE		0	0	984,012
FORD MTR CO DEL	COM PAR $0.01	345370860	190	15,150	SH		SOLE		0	0	15,150
GLOBAL NET LEASE INC	COM	379378102	1,680	211,279	SH		SOLE		0	0	211,279
GREEN BRICK PARTNERS INC	COM	392709101	258	35,442	SH		SOLE		0	0	35,442
HEARTLAND EXPRESS INC	COM	422347104	582	33,446	SH		SOLE		0	0	33,446
INTERNATIONAL BUSINESS MACHS	COM	459200101	1,278	8,420	SH		SOLE		0	0	8,420
ISHARES GOLD TRUST	ISHARES	464285105	154	12,043	SH		SOLE		0	0	12,043
ISHARES	TIPS BD ETF	464287176	569	4,877	SH		SOLE		0	0	4,877
ISHARES	CORE TOTUSBD ETF	464287226	1,917	17,025	SH		SOLE		0	0	17,025
ISHARES	GLOBAL TECH ETF	464287291	321	3,295	SH		SOLE		0	0	3,295
ISHARES	GLOB HLTHCRE ETF	464287325	359	3,555	SH		SOLE		0	0	3,555
ISHARES	GLOBAL FINLS ETF	464287333	256	5,348	SH		SOLE		0	0	5,348
ISHARES TR	20+ YR TR BD ETF	464287432	336	2,418	SH		SOLE		0	0	2,418
ISHARES TR	MSCI EAFE ETF	464287465	416	7,456	SH		SOLE		0	0	7,456
ISHARES	CORE S&P MCP ETF	464287507	303	2,025	SH		SOLE		0	0	2,025
ISHARES TR	COHEN&STEER REIT	464287564	694	6,410	SH		SOLE		0	0	6,410
ISHARES	S&P MC 400VL ETF	464287705	787	6,145	SH		SOLE		0	0	6,145
ISHARES	INTERM CR BD ETF	464288638	311	2,795	SH		SOLE		0	0	2,795
ISHARES	U.S. PFD STK ETF	464288687	1,087	27,253	SH		SOLE		0	0	27,253
JOHNSON & JOHNSON	COM	478160104	261	2,152	SH		SOLE		0	0	2,152
KEMPHARM INC	COM	488445107	3,294	827,745	SH		SOLE		0	0	827,745
MCDONALDS CORP	COM	580135101	750	6,233	SH		SOLE		0	0	6,233
MICROSOFT CORP	COM	594918104	270	5,283	SH		SOLE		0	0	5,283
PENNANTPARK INVT CORP	COM	708062104	347	50,809	SH		SOLE		0	0	50,809
PEPSICO INC	COM	713448108	200	1,891	SH		SOLE		0	0	1,891
PFIZER INC	COM	717081103	246	6,978	SH		SOLE		0	0	6,978
PROCTOR & GAMBLE CO	COM	742718109	1,232	14,545	SH		SOLE		0	0	14,545
SALEM COMMUNICATIONS CORP DE	CL A	794093104	135	18,688	SH		SOLE		0	0	18,688
SHERWIN WILLIAMS CO	COM	824348106	213	727	SH		SOLE		0	0	727
SILVER WHEATON CORP	COM	828336107	7,655	325,335	SH		SOLE		0	0	325,335
SOUTHWESTERN ENERGY CO	COM	845467109	441	35,091	SH		SOLE		0	0	35,091
STARBUCKS CORP	COM	855244109	280	4,899	SH		SOLE		0	0	4,899
US BANCORP DEL	COM NEW	902973304	206	5,116	SH		SOLE		0	0	5,116
VANGUARD BD INDEX FD INC	INTERMED TERM	921937819	828	9,406	SH		SOLE		0	0	9,406
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	859	10,602	SH		SOLE		0	0	10,602
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	499	11,649	SH		SOLE		0	0	11,649
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	2,209	11,494	SH		SOLE		0	0	11,494
VANGUARD INDEX FDS	REIT ETF	922908553	510	5,757	SH		SOLE		0	0	5,757
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	1,480	15,444	SH		SOLE		0	0	15,444
WELLS FARGO & CO NEW	COM	949746101	364	7,696	SH		SOLE		0	0	7,696
XENIA HOTELS & RESORTS INC	COM	984017103	772	46,010	SH		SOLE		0	0	46,010
NOVAGOLD RES INC	COM NEW	66987E206	880	143,715	SH		SOLE		0	0	143,715
AALS ETF TR	ALERIAN MLP	00162Q866	6,304	495,564	SH		SOLE		0	0	495,564
AT&T INC	COM	00206R102	438	10,129	SH		SOLE		0	0	10,129
ALPHABET INC	CAP STK CL C	02079K107	327	472	SH		SOLE		0	0	472
ANTERO RES CORP	COM	03674X106	305	11,739	SH		SOLE		0	0	11,739
BARCLAYS BANK PLC	ADR PFD SR 5	06739H362	1,001	38,739	SH		SOLE		0	0	38,739
CISCO SYS INC	COM	17275R102	721	25,139	SH		SOLE		0	0	25,139
CLAYMORE EXCHANGE TRD FD TR	GUGG ENH SHT DUR	18383M654	875	17,492	SH		SOLE		0	0	17,492
COHEN & STEERS INFRASTRUCTUR	COM	19248A109	608	28,403	SH		SOLE		0	0	28,403
CURRENCYSHS JAPANESE YEN TR	JAPANESE YEN	23130A102	790	8,440	SH		SOLE		0	0	8,440
DREYFUS STRATEGIC MUN BD FD	COM	26202F107	1,949	214,893	SH		SOLE		0	0	214,893
EOG RES INC	COM	26875P101	6,528	78,259	SH		SOLE		0	0	78,259
EQT CORP	COM	26884L109	359	4,640	SH		SOLE		0	0	4,640
EATON VANCE RISK MNGD DIV EQ	COM	27829G106	2,842	290,896	SH		SOLE		0	0	290,896
EXXON MOBIL CORP	COM	30231G102	287	3,065	SH		SOLE		0	0	3,065
FIVE STAR QUALITY CARE INC	COM	33832D106	32	13,595	SH		SOLE		0	0	13,595
INVESCO SR INCOME TR	COM	46131H107	661	158,144	SH		SOLE		0	0	158,144
INVESCO MUNI INCOME OPP TRST	COM	46132X101	539	66,276	SH		SOLE		0	0	66,276
ISHARES TR	USA MIN VOL ETF	46429B697	856	18,520	SH		SOLE		0	0	18,520
JPMORGAN CHASE & CO	COM	46625H100	320	5,149	SH		SOLE		0	0	5,149
LEGG MASON BW GLB INC OPP FD	COM	52469B100	1,811	139,730	SH		SOLE		0	0	139,730
MEDLEY CAP CORP	COM	58503F106	243	36,250	SH		SOLE		0	0	36,250
NEW YORK REIT INC	COM	64976L109	641	69,248	SH		SOLE		0	0	69,248
NORTHSTAR REALTY EUROPE CORP	COM	66706L101	111	11,987	SH		SOLE		0	0	11,987
NUVEEN PREM INCOME MUN FD 2	COM	67063W102	520	33,591	SH		SOLE		0	0	33,591
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	1,881	19,425	SH		SOLE		0	0	19,425
POWERSHARES ETF TR II	SOVEREIGN DEBT	73936T573	488	16,486	SH		SOLE		0	0	16,486
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	845	19,761	SH		SOLE		0	0	19,761
PROSPECT CAPITAL CORPORATION	COM	74348T102	161	20,600	SH		SOLE		0	0	20,600
PRUDENTIAL SHT DURATION HG Y	COM	74442F107	336	21,298	SH		SOLE		0	0	21,298
RETAIL PPTYS AMER INC	CL A	76131V202	585	34,632	SH		SOLE		0	0	34,632
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	656	8,162	SH		SOLE		0	0	8,162
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,417	11,538	SH		SOLE		0	0	11,538
SPDR GOLD TRUST	GOLD SHS	78463V107	502	3,972	SH		SOLE		0	0	3,972
SPDR INDEX SHS FDS	DJ GLB RL ES ETF	78463X749	332	6,594	SH		SOLE		0	0	6,594
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	223	6,238	SH		SOLE		0	0	6,238
SPDR SERIES TRUST	S&P REGL BKG	78464A698	250	6,505	SH		SOLE		0	0	6,505
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	391	7,455	SH		SOLE		0	0	7,455
SELECT INCOME REIT	COM SH BEN INT	81618T100	769	29,605	SH		SOLE		0	0	29,605
SPIRIT RLTY CAP INC NEW	COM	84860W102	302	23,654	SH		SOLE		0	0	23,654
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	136	18,800	SH		SOLE		0	0	18,800
SUNOPTA INC	COM	8676EP108	88	21,050	SH		SOLE		0	0	21,050
TIER REIT INC	COM NEW	88650V208	229	14,939	SH		SOLE		0	0	14,939
TORTOISE MLP FD INC	COM	89148B101	2,696	146,108	SH		SOLE		0	0	146,108
UBS AG LONDON BRH	2X LEV LNG LKD	90267B765	209	12,450	SH		SOLE		0	0	12,450
UBS AG LONDON BRH	ETRACS MTH 2XLV	90270L842	467	27,725	SH		SOLE		0	0	27,725
VEREIT INC	COM	92339V100	437	43,072	SH		SOLE		0	0	43,072
VERIZON COMMUNICATIONS INC	COM	92343V104	1,331	23,839	SH		SOLE		0	0	23,839
VISA INC	COM CL A	92826C839	295	3,973	SH		SOLE		0	0	3,973
WESTERN ASSET EMRG MKT DEBT	COM	95766A101	479	31,131	SH		SOLE		0	0	31,131
WPX ENERGY INC	COM	98212B103	517	55,504	SH		SOLE		0	0	55,504
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	243	2,146	SH		SOLE		0	0	2,146
SHIP FINANCE INTERNATIONAL L	SHS	G81075106	167	11,317	SH		SOLE		0	0	11,317
BLACKROCK GLOBAL OPP EQTY TR	COM	092501105	456	38,451	SH		SOLE		0	0	38,451
BLACKROCK CR ALLCTN INC TR	COM	092508100	449	34,507	SH		SOLE		0	0	34,507
BLACKROCK MUNI INTER DR FD I	COM	09253X102	491	32,241	SH		SOLE		0	0	32,241
BLACKROCK DEBT STRAT FD INC	COM	09255R103	86	24,223	SH		SOLE		0	0	24,223
CF INDS HLDGS INC	COM	125269100	4,209	174,650	SH		SOLE		0	0	174,650
CABOT OIL & GAS CORP	COM	127097103	314	12,206	SH		SOLE		0	0	12,206
CITIGROUP INC	COM NEW	172967424	222	5,247	SH		SOLE		0	0	5,247
FIDELITY	TOTAL BD ETF	316188309	831	16,516	SH		SOLE		0	0	16,516
ISHARES TR	RUS MDCP VAL ETF	464287473	211	2,840	SH		SOLE		0	0	2,840
ISHARES TR	SP SMCP600VL ETF	464287879	858	7,345	SH		SOLE		0	0	7,345
ISHARES SILVER TRUST	ISHARES	46428Q109	208	11,656	SH		SOLE		0	0	11,656
ISHARES TR	CORE DIV GRWTH	46434V621	764	28,002	SH		SOLE		0	0	28,002
KIMBERLY CLARK CORP	COM	494368103	1,133	8,239	SH		SOLE		0	0	8,239
NEW SR INVT GROUP INC	COM	648691103	340	31,800	SH		SOLE		0	0	31,800
NUVEEN ENHANCED MUN CREDIT O	COM SH BEN INT	67070X101	578	36,330	SH		SOLE		0	0	36,330
NUVEEN PREFERRED SECURITIES	COM	67072C105	1,562	168,850	SH		SOLE		0	0	168,850
PLAINS GP HLDGS L P	SHS A REP LTPN	72651A108	502	48,084	SH		SOLE		0	0	48,084
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	154	10,037	SH		SOLE		0	0	10,037
POWERSHARES ETF TR II	BUILD AMER ETF	73937B407	204	6,492	SH		SOLE		0	0	6,492
RANGE RES CORP	COM	75281A109	355	8,221	SH		SOLE		0	0	8,221
SPDR SERIES TRUST	OILGAS EQUIP	78464A748	3,189	170,162	SH		SOLE		0	0	170,162
TEMPLETON GLOBAL INCOME FD	COM	880198106	304	47,738	SH		SOLE		0	0	47,738
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	3,073	110,893	SH		SOLE		0	0	110,893
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	355	4,266	SH		SOLE		0	0	4,266
VANGUARD SCOTTSDALE FDS	VNG RUS2000IDX	92206C664	232	2,521	SH		SOLE		0	0	2,521