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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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
AGNICO EAGLE MINES LTD	COM	008474108	841	15,521	SH		SOLE		0	0	15,521
AMAZON COM INC	COM	023135106	587	701	SH		SOLE		0	0	701
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	9,658	455,565	SH		SOLE		0	0	455,565
AMERICAN INTL GROUP INC	COM NEW	026874784	6,546	110,321	SH		SOLE		0	0	110,321
AMGEN INC	COM	031162100	444	2,662	SH		SOLE		0	0	2,662
ANNALY CAP MGMT INC	COM	035710409	330	31,402	SH		SOLE		0	0	31,402
APPLE INC	COM	037833100	3,940	34,856	SH		SOLE		0	0	34,856
BANK OF AMERICA CORPORATION	COM	060505104	9,469	605,036	SH		SOLE		0	0	605,036
BARRICK GOLD CORP	COM	067901108	2,220	125,308	SH		SOLE		0	0	125,308
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	1,081	5	SH		SOLE		0	0	5
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	2,507	17,352	SH		SOLE		0	0	17,352
BLACKROCK GLOBAL OPP EQTY TR	COM	092501105	510	41,614	SH		SOLE		0	0	41,614
BLACKROCK CR ALLCTN INC TR	COM	092508100	596	44,661	SH		SOLE		0	0	44,661
BLACKROCK INTL GRWTH & INC T	COM BENE INTER	092524107	2,035	343,225	SH		SOLE		0	0	343,225
CF INDS HLDGS INC	COM	125269100	4,111	168,819	SH		SOLE		0	0	168,819
CASEYS GEN STORES INC	COM	147528103	1,198	9,968	SH		SOLE		0	0	9,968
CELGENE CORP	COM	151020104	325	3,106	SH		SOLE		0	0	3,106
CITIGROUP INC	COM NEW	172967424	238	5,049	SH		SOLE		0	0	5,049
COCA COLA CO	COM	191216100	827	19,531	SH		SOLE		0	0	19,531
COLUMBIA PPTY TR INC	COM NEW	198287203	207	9,264	SH		SOLE		0	0	9,264
DANAHER CORP DEL	COM	235851102	253	3,223	SH		SOLE		0	0	3,223
DEERE & CO	COM	244199105	256	3,004	SH		SOLE		0	0	3,004
DEL TACO RESTAURANTS INC	COM	245496104	590	49,489	SH		SOLE		0	0	49,489
DISNEY WALT CO	COM DISNEY	254687106	270	2,909	SH		SOLE		0	0	2,909
DU PONT E I DE NEMOURS & CO	COM	263534109	254	3,798	SH		SOLE		0	0	3,798
FS INVT CORP	COM	302635107	8,913	941,174	SH		SOLE		0	0	941,174
FIDELITY	TOTAL BD ETF	316188309	915	17,912	SH		SOLE		0	0	17,912
FIRST TR ENHANCED EQTY INC F	COM	337318109	1,973	147,667	SH		SOLE		0	0	147,667
FORD MTR CO DEL	COM PAR $0.01	345370860	206	17,094	SH		SOLE		0	0	17,094
GENERAL ELECTRIC CO	COM	369604103	503	16,987	SH		SOLE		0	0	16,987
GLOBAL NET LEASE INC	COM	379378102	1,832	224,524	SH		SOLE		0	0	224,524
GREEN BRICK PARTNERS INC	COM	392709101	293	35,442	SH		SOLE		0	0	35,442
ICAHN ENTERPRISES LP	DEPOSITARY UNIT	451100101	334	6,613	SH		SOLE		0	0	6,613
INTERNATIONAL BUSINESS MACHS	COM	459200101	798	5,021	SH		SOLE		0	0	5,021
ISHARES GOLD TRUST	ISHARES	464285105	174	13,710	SH		SOLE		0	0	13,710
ISHARES	MSCI TAIWAN ETF	464286731	166	10,552	SH		SOLE		0	0	10,552
ISHARES	MSCI HONG KG ETF	464286871	582	26,442	SH		SOLE		0	0	26,442
ISHARES	TIPS BD ETF	464287176	868	7,451	SH		SOLE		0	0	7,451
ISHARES	CHINA LG-CAP ETF	464287184	267	7,014	SH		SOLE		0	0	7,014
ISHARES	CORE TOTUSBD ETF	464287226	2,355	20,947	SH		SOLE		0	0	20,947
ISHARES	GLOBAL TECH ETF	464287291	390	3,524	SH		SOLE		0	0	3,524
ISHARES	GLOB HLTHCRE ETF	464287325	383	3,802	SH		SOLE		0	0	3,802
ISHARES	GLOBAL FINLS ETF	464287333	297	5,815	SH		SOLE		0	0	5,815
ISHARES TR	MSCI EAFE ETF	464287465	543	9,183	SH		SOLE		0	0	9,183
ISHARES	CORE S&P MCP ETF	464287507	692	4,472	SH		SOLE		0	0	4,472
ISHARES	S&P MC 400VL ETF	464287705	817	6,145	SH		SOLE		0	0	6,145
ISHARES	CORE S&P SCP ETF	464287804	1,026	8,268	SH		SOLE		0	0	8,268
ISHARES TR	SP SMCP600VL ETF	464287879	920	7,375	SH		SOLE		0	0	7,375
ISHARES	INTERM CR BD ETF	464288638	313	2,812	SH		SOLE		0	0	2,812
ISHARES	U.S. PFD STK ETF	464288687	1,204	30,475	SH		SOLE		0	0	30,475
JOHNSON & JOHNSON	COM	478160104	218	1,847	SH		SOLE		0	0	1,847
KEMPHARM INC	COM	488445107	3,747	834,602	SH		SOLE		0	0	834,602
KIMBERLY CLARK CORP	COM	494368103	1,046	8,295	SH		SOLE		0	0	8,295
LIBERTY ALL STAR EQUITY FD	SH BEN INT	530158104	2,006	387,195	SH		SOLE		0	0	387,195
MCDONALDS CORP	COM	580135101	736	6,384	SH		SOLE		0	0	6,384
MICROSOFT CORP	COM	594918104	346	6,000	SH		SOLE		0	0	6,000
NEW SR INVT GROUP INC	COM	648691103	344	29,800	SH		SOLE		0	0	29,800
NUVEEN AMT FREE QLTY MUN INC	COM	670657105	759	51,985	SH		SOLE		0	0	51,985
PENNANTPARK INVT CORP	COM	708062104	377	50,121	SH		SOLE		0	0	50,121
PEPSICO INC	COM	713448108	271	2,491	SH		SOLE		0	0	2,491
PFIZER INC	COM	717081103	390	11,515	SH		SOLE		0	0	11,515
PROCTOR & GAMBLE CO	COM	742718109	1,362	15,174	SH		SOLE		0	0	15,174
SALEM COMMUNICATIONS CORP DE	CL A	794093104	111	18,885	SH		SOLE		0	0	18,885
SHERWIN WILLIAMS CO	COM	824348106	201	727	SH		SOLE		0	0	727
SILVER WHEATON CORP	COM	828336107	3,332	123,280	SH		SOLE		0	0	123,280
STARBUCKS CORP	COM	855244109	240	4,424	SH		SOLE		0	0	4,424
TEMPLETON GLOBAL INCOME FD	COM	880198106	1,060	169,825	SH		SOLE		0	0	169,825
US BANCORP DEL	COM NEW	902973304	220	5,122	SH		SOLE		0	0	5,122
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	621	7,393	SH		SOLE		0	0	7,393
VANGUARD BD INDEX FD INC	INTERMED TERM	921937819	875	9,986	SH		SOLE		0	0	9,986
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	901	11,153	SH		SOLE		0	0	11,153
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	435	11,629	SH		SOLE		0	0	11,629
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	569	12,525	SH		SOLE		0	0	12,525
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	354	9,405	SH		SOLE		0	0	9,405
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	3,807	19,161	SH		SOLE		0	0	19,161
VANGUARD INDEX FDS	REIT ETF	922908553	244	2,812	SH		SOLE		0	0	2,812
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	1,531	15,444	SH		SOLE		0	0	15,444
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	458	4,114	SH		SOLE		0	0	4,114
WELLS FARGO & CO NEW	COM	949746101	382	8,632	SH		SOLE		0	0	8,632
XENIA HOTELS & RESORTS INC	COM	984017103	638	42,029	SH		SOLE		0	0	42,029
NOVAGOLD RES INC	COM NEW	66987E206	804	143,523	SH		SOLE		0	0	143,523
AALS ETF TR	ALERIAN MLP	00162Q866	6,124	482,621	SH		SOLE		0	0	482,621
AT&T INC	COM	00206R102	515	12,691	SH		SOLE		0	0	12,691
ABBVIE INC	COM	00287Y109	292	4,622	SH		SOLE		0	0	4,622
ADVENT CLAYMORE CV SECS & IN	COM	00764C109	1,606	110,154	SH		SOLE		0	0	110,154
ALLIANCEBERNSTEIN NATL MUNI	COM	01864U106	764	51,833	SH		SOLE		0	0	51,833
ALPHABET INC	CAP STK CL C	02079K107	382	491	SH		SOLE		0	0	491
ALPHABET INC	CAP STK CL A	02079K305	225	280	SH		SOLE		0	0	280
BANCO SANTANDER BRASIL S A	ADS REP 1 UNIT	05967A107	93	13,874	SH		SOLE		0	0	13,874
BARCLAYS BANK PLC	ADR PFD SR 5	06739H362	970	37,276	SH		SOLE		0	0	37,276
BLACKROCK MUNI INTER DR FD I	COM	09253X102	756	49,891	SH		SOLE		0	0	49,891
BLACKROCK DEBT STRAT FD INC	COM	09255R103	266	72,787	SH		SOLE		0	0	72,787
CISCO SYS INC	COM	17275R102	801	25,237	SH		SOLE		0	0	25,237
CLAYMORE EXCHANGE TRD FD TR	GUGG ENH SHT DUR	18383M654	889	17,716	SH		SOLE		0	0	17,716
COHEN & STEERS INFRASTRUCTUR	COM	19248A109	676	31,366	SH		SOLE		0	0	31,366
COMPANHIA SIDERURGICA NACION	SPONSORED ADR	20440W105	51	18,401	SH		SOLE		0	0	18,401
CREDIT SUISSE AG NASSAU BRH	VEL SH 3X LG NAT	22539T324	1,237	33,605	SH		SOLE		0	0	33,605
DREYFUS STRATEGIC MUN BD FD	COM	26202F107	2,359	266,289	SH		SOLE		0	0	266,289
EOG RES INC	COM	26875P101	7,242	74,883	SH		SOLE		0	0	74,883
EXXON MOBIL CORP	COM	30231G102	905	10,374	SH		SOLE		0	0	10,374
FIVE STAR QUALITY CARE INC	COM	33832D106	26	13,595	SH		SOLE		0	0	13,595
GLOBAL X FDS	GLBL X MLP ETF	37950E473	168	14,510	SH		SOLE		0	0	14,510
INVESCO SR INCOME TR	COM	46131H107	950	219,314	SH		SOLE		0	0	219,314
ISHARES TR	USA MIN VOL ETF	46429B697	858	18,895	SH		SOLE		0	0	18,895
ISHARES TR	CORE DIV GRWTH	46434V621	1,421	51,453	SH		SOLE		0	0	51,453
JPMORGAN CHASE & CO	COM	46625H100	343	5,149	SH		SOLE		0	0	5,149
MEDLEY CAP CORP	COM	58503F106	278	36,420	SH		SOLE		0	0	36,420
MERCK & CO INC	COM	58933Y105	826	13,237	SH		SOLE		0	0	13,237
NETFLIX INC	COM	64110L106	218	2,215	SH		SOLE		0	0	2,215
NEW YORK REIT INC	COM	64976L109	627	68,578	SH		SOLE		0	0	68,578
NORTHSTAR REALTY EUROPE CORP	COM	66706L101	130	11,874	SH		SOLE		0	0	11,874
NUVEEN ENHANCED MUN CREDIT O	COM SH BEN INT	67070X101	773	49,126	SH		SOLE		0	0	49,126
NUVEEN PREFERRED SECURITIES	COM	67072C105	1,691	176,356	SH		SOLE		0	0	176,356
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	2,258	22,698	SH		SOLE		0	0	22,698
PLAINS GP HLDGS L P	SHS A REP LTPN	72651A108	635	49,079	SH		SOLE		0	0	49,079
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	721	6,076	SH		SOLE		0	0	6,076
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	220	9,462	SH		SOLE		0	0	9,462
POWERSHARES ETF TR II	SOVEREIGN DEBT	73936T573	1,017	33,206	SH		SOLE		0	0	33,206
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	735	17,715	SH		SOLE		0	0	17,715
PRINCIPAL FINL GROUP INC	COM	74251V102	281	5,463	SH		SOLE		0	0	5,463
PROSHARES TR	PSHS ULTSH 20YRS	74347B201	5,702	180,428	SH		SOLE		0	0	180,428
PROSPECT CAPITAL CORPORATION	COM	74348T102	169	20,850	SH		SOLE		0	0	20,850
PRUDENTIAL SHT DURATION HG Y	COM	74442F107	415	25,981	SH		SOLE		0	0	25,981
RETAIL PPTYS AMER INC	CL A	76131V202	601	35,799	SH		SOLE		0	0	35,799
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	693	8,291	SH		SOLE		0	0	8,291
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,558	11,825	SH		SOLE		0	0	11,825
SPDR GOLD TRUST	GOLD SHS	78463V107	219	1,742	SH		SOLE		0	0	1,742
SPDR INDEX SHS FDS	DJ GLB RL ES ETF	78463X749	354	7,111	SH		SOLE		0	0	7,111
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	274	7,465	SH		SOLE		0	0	7,465
SPDR SERIES TRUST	S&P REGL BKG	78464A698	276	6,535	SH		SOLE		0	0	6,535
SPDR SERIES TRUST	OILGAS EQUIP	78464A748	3,221	169,185	SH		SOLE		0	0	169,185
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	626	13,100	SH		SOLE		0	0	13,100
SELECT INCOME REIT	COM SH BEN INT	81618T100	785	29,165	SH		SOLE		0	0	29,165
SPIRIT RLTY CAP INC NEW	COM	84860W102	242	18,182	SH		SOLE		0	0	18,182
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	139	18,800	SH		SOLE		0	0	18,800
SUNOPTA INC	COM	8676EP108	149	21,050	SH		SOLE		0	0	21,050
3M CO	COM	88579Y101	235	1,335	SH		SOLE		0	0	1,335
TIER REIT INC	COM NEW	88650V208	183	11,842	SH		SOLE		0	0	11,842
TORTOISE MLP FD INC	COM	89148B101	3,035	151,838	SH		SOLE		0	0	151,838
UBS AG LONDON BRH	2X LEV LNG LKD	90267B765	215	11,450	SH		SOLE		0	0	11,450
UBS AG LONDON BRH	ETRACS MTH 2XLV	90270L842	485	26,725	SH		SOLE		0	0	26,725
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	203	1,527	SH		SOLE		0	0	1,527
VANGUARD SCOTTSDALE FDS	VNG RUS2000IDX	92206C664	339	3,404	SH		SOLE		0	0	3,404
VEREIT INC	COM	92339V100	490	47,264	SH		SOLE		0	0	47,264
VERIZON COMMUNICATIONS INC	COM	92343V104	1,228	23,634	SH		SOLE		0	0	23,634
VISA INC	COM CL A	92826C839	329	3,977	SH		SOLE		0	0	3,977
WESTERN ASSET EMRG MKT DEBT	COM	95766A101	530	32,580	SH		SOLE		0	0	32,580
WISDOMTREE TR	INDIA ERNGS FD	97717W422	247	11,421	SH		SOLE		0	0	11,421
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	262	2,146	SH		SOLE		0	0	2,146
SHIP FINANCE INTERNATIONAL L	SHS	G81075106	152	10,317	SH		SOLE		0	0	10,317
FRANKS INTL N V	COM	N33462107	151	11,581	SH		SOLE		0	0	11,581
MOBILEYE N V AMSTELVEEN	ORD SHS	N51488117	5,216	122,539	SH		SOLE		0	0	122,539
SEADRILL PARTNERS LLC	COMUNIT REP LB	Y7545W109	43	12,141	SH		SOLE		0	0	12,141