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

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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	201	5,241	SH		SOLE		0	0	5,241
AEGON N V	NY REGISTRY SH	007924103	97	17,583	SH		SOLE		0	0	17,583
AGNICO EAGLE MINES LTD	COM	008474108	660	15,725	SH		SOLE		0	0	15,725
AMAZON COM INC	COM	023135106	2,895	3,861	SH		SOLE		0	0	3,861
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	12,537	534,400	SH		SOLE		0	0	534,400
AMERICAN INTL GROUP INC	COM NEW	026874784	5,732	87,773	SH		SOLE		0	0	87,773
AMGEN INC	COM	031162100	1,097	7,506	SH		SOLE		0	0	7,506
ANNALY CAP MGMT INC	COM	035710409	315	31,622	SH		SOLE		0	0	31,622
APPLE INC	COM	037833100	4,085	35,274	SH		SOLE		0	0	35,274
ARCHER DANIELS MIDLAND CO	COM	039483102	444	9,737	SH		SOLE		0	0	9,737
BANK OF AMERICA CORPORATION	COM	060505104	12,616	570,874	SH		SOLE		0	0	570,874
BARRICK GOLD CORP	COM	067901108	2,171	135,874	SH		SOLE		0	0	135,874
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	1,221	5	SH		SOLE		0	0	5
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	2,971	18,228	SH		SOLE		0	0	18,228
BLACKROCK GLOBAL OPP EQTY TR	COM	092501105	486	42,030	SH		SOLE		0	0	42,030
BLACKROCK CR ALLCTN INC TR	COM	092508100	495	38,193	SH		SOLE		0	0	38,193
BLACKROCK INTL GRWTH & INC T	COM BENE INTER	092524107	1,940	352,125	SH		SOLE		0	0	352,125
BOEING CO	COM	097023105	341	2,192	SH		SOLE		0	0	2,192
CF INDS HLDGS INC	COM	125269100	5,354	170,081	SH		SOLE		0	0	170,081
CASEYS GEN STORES INC	COM	147528103	1,187	9,982	SH		SOLE		0	0	9,982
CATERPILLAR INC DEL	COM	149123101	2,954	31,856	SH		SOLE		0	0	31,856
CELGENE CORP	COM	151020104	2,951	25,497	SH		SOLE		0	0	25,497
CHEVRON CORP NEW	COM	166764100	280	2,375	SH		SOLE		0	0	2,375
CHROMADEX CORP	COM NEW	171077407	215	65,093	SH		SOLE		0	0	65,093
CITIGROUP INC	COM NEW	172967424	240	4,033	SH		SOLE		0	0	4,033
COCA COLA CO	COM	191216100	202	4,871	SH		SOLE		0	0	4,871
COLUMBIA PPTY TR INC	COM NEW	198287203	207	9,582	SH		SOLE		0	0	9,582
DANAHER CORP DEL	COM	235851102	227	2,915	SH		SOLE		0	0	2,915
DEL TACO RESTAURANTS INC	COM	245496104	268	18,994	SH		SOLE		0	0	18,994
DISNEY WALT CO	COM DISNEY	254687106	288	2,765	SH		SOLE		0	0	2,765
DOW CHEM CO	COM	260543103	218	3,811	SH		SOLE		0	0	3,811
DU PONT E I DE NEMOURS & CO	COM	263534109	301	4,101	SH		SOLE		0	0	4,101
FS INVT CORP	COM	302635107	7,811	758,320	SH		SOLE		0	0	758,320
FIDELITY	TOTAL BD ETF	316188309	893	17,934	SH		SOLE		0	0	17,934
FIRST TR ENHANCED EQTY INC F	COM	337318109	2,055	152,075	SH		SOLE		0	0	152,075
FORD MTR CO DEL	COM PAR $0.01	345370860	209	17,259	SH		SOLE		0	0	17,259
GDL FUND	COM SH BEN IT	361570104	118	11,950	SH		SOLE		0	0	11,950
GENERAL ELECTRIC CO	COM	369604103	828	26,210	SH		SOLE		0	0	26,210
GILEAD SCIENCES INC	COM	375558103	611	8,538	SH		SOLE		0	0	8,538
GLOBAL NET LEASE INC	COM	379378102	2,317	295,934	SH		SOLE		0	0	295,934
GREEN BRICK PARTNERS INC	COM	392709101	356	35,442	SH		SOLE		0	0	35,442
ICAHN ENTERPRISES LP	DEPOSITARY UNIT	451100101	393	6,553	SH		SOLE		0	0	6,553
INTEL CORP	COM	458140100	315	8,677	SH		SOLE		0	0	8,677
INTERNATIONAL BUSINESS MACHS	COM	459200101	386	2,327	SH		SOLE		0	0	2,327
ISHARES GOLD TRUST	ISHARES	464285105	253	22,872	SH		SOLE		0	0	22,872
ISHARES	TIPS BD ETF	464287176	835	7,380	SH		SOLE		0	0	7,380
ISHARES	CORE TOTUSBD ETF	464287226	2,211	20,458	SH		SOLE		0	0	20,458
ISHARES	GLOBAL TECH ETF	464287291	388	3,527	SH		SOLE		0	0	3,527
ISHARES	GLOB HLTHCRE ETF	464287325	366	3,864	SH		SOLE		0	0	3,864
ISHARES	GLOBAL FINLS ETF	464287333	352	6,093	SH		SOLE		0	0	6,093
ISHARES	S&P 500 VAL ETF	464287408	256	2,530	SH		SOLE		0	0	2,530
ISHARES TR	MSCI EAFE ETF	464287465	698	12,089	SH		SOLE		0	0	12,089
ISHARES	CORE S&P MCP ETF	464287507	1,128	6,824	SH		SOLE		0	0	6,824
ISHARES TR	RUS 1000 VAL ETF	464287598	675	6,022	SH		SOLE		0	0	6,022
ISHARES TR	RUS 1000 GRW ETF	464287614	297	2,833	SH		SOLE		0	0	2,833
ISHARES TR	RUS 2000 VAL ETF	464287630	2,626	22,080	SH		SOLE		0	0	22,080
ISHARES	S&P MC 400VL ETF	464287705	892	6,145	SH		SOLE		0	0	6,145
ISHARES	CORE S&P SCP ETF	464287804	1,465	10,654	SH		SOLE		0	0	10,654
ISHARES TR	U.S. BAS MTL ETF	464287838	210	2,522	SH		SOLE		0	0	2,522
ISHARES TR	SP SMCP600VL ETF	464287879	1,062	7,587	SH		SOLE		0	0	7,587
ISHARES	NAT AMT FREE BD	464288414	354	3,271	SH		SOLE		0	0	3,271
ISHARES	INTERM CR BD ETF	464288638	307	2,834	SH		SOLE		0	0	2,834
ISHARES	U.S. PFD STK ETF	464288687	1,269	34,093	SH		SOLE		0	0	34,093
JOHNSON & JOHNSON	COM	478160104	478	4,146	SH		SOLE		0	0	4,146
KEMPHARM INC	COM	488445107	2,510	850,785	SH		SOLE		0	0	850,785
L-3 COMMUNICATIONS HLDGS INC	COM	502424104	2,781	18,281	SH		SOLE		0	0	18,281
LIBERTY ALL STAR EQUITY FD	SH BEN INT	530158104	2,074	401,942	SH		SOLE		0	0	401,942
MICROSOFT CORP	COM	594918104	535	8,608	SH		SOLE		0	0	8,608
NEW GOLD INC CDA	COM	644535106	1,841	526,106	SH		SOLE		0	0	526,106
NEW SR INVT GROUP INC	COM	648691103	292	29,800	SH		SOLE		0	0	29,800
NORTHWEST BANCSHARES INC MD	COM	667340103	187	10,375	SH		SOLE		0	0	10,375
NUVEEN AMT FREE QLTY MUN INC	COM	670657105	595	44,623	SH		SOLE		0	0	44,623
PENNANTPARK INVT CORP	COM	708062104	385	50,226	SH		SOLE		0	0	50,226
PEPSICO INC	COM	713448108	269	2,575	SH		SOLE		0	0	2,575
PFIZER INC	COM	717081103	375	11,555	SH		SOLE		0	0	11,555
PROCTOR & GAMBLE CO	COM	742718109	694	8,251	SH		SOLE		0	0	8,251
SCHWAB STRATEGIC TR	SCHWAB FDT US LG	808524771	264	8,100	SH		SOLE		0	0	8,100
SILVER WHEATON CORP	COM	828336107	2,435	126,021	SH		SOLE		0	0	126,021
SOUTHERN CO	COM	842587107	326	6,628	SH		SOLE		0	0	6,628
STARBUCKS CORP	COM	855244109	264	4,758	SH		SOLE		0	0	4,758
TEMPLETON GLOBAL INCOME FD	COM	880198106	1,125	173,653	SH		SOLE		0	0	173,653
US BANCORP DEL	COM NEW	902973304	263	5,128	SH		SOLE		0	0	5,128
UNITED STATES STL CORP NEW	COM	912909108	3,196	96,829	SH		SOLE		0	0	96,829
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	702	8,237	SH		SOLE		0	0	8,237
VANGUARD BD INDEX FD INC	INTERMED TERM	921937819	885	10,657	SH		SOLE		0	0	10,657
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	944	11,877	SH		SOLE		0	0	11,877
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	476	13,020	SH		SOLE		0	0	13,020
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	201	2,653	SH		SOLE		0	0	2,653
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	492	11,144	SH		SOLE		0	0	11,144
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	1,159	32,405	SH		SOLE		0	0	32,405
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	6,459	31,462	SH		SOLE		0	0	31,462
VANGUARD INDEX FDS	REIT ETF	922908553	256	3,106	SH		SOLE		0	0	3,106
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	1,469	14,350	SH		SOLE		0	0	14,350
VANGUARD INDEX FDS	GROWTH ETF	922908736	228	2,050	SH		SOLE		0	0	2,050
VANGUARD INDEX FDS	VALUE ETF	922908744	227	2,441	SH		SOLE		0	0	2,441
VIRTU FINL INC	CL A	928254101	499	31,275	SH		SOLE		0	0	31,275
WELLS FARGO & CO NEW	COM	949746101	495	8,977	SH		SOLE		0	0	8,977
WEST CORP	COM	952355204	300	12,100	SH		SOLE		0	0	12,100
XENIA HOTELS & RESORTS INC	COM	984017103	818	42,139	SH		SOLE		0	0	42,139
XEROX CORP	COM	984121103	394	45,109	SH		SOLE		0	0	45,109
U S SILICA HLDGS INC	COM	90346E103	3,569	62,976	SH		SOLE		0	0	62,976
NOVAGOLD RES INC	COM NEW	66987E206	649	142,388	SH		SOLE		0	0	142,388
AALS ETF TR	ALERIAN MLP	00162Q866	6,348	503,774	SH		SOLE		0	0	503,774
AT&T INC	COM	00206R102	554	13,030	SH		SOLE		0	0	13,030
ABBVIE INC	COM	00287Y109	584	9,318	SH		SOLE		0	0	9,318
ADVENT CLAYMORE CV SECS & IN	COM	00764C109	1,705	116,126	SH		SOLE		0	0	116,126
ALLIANCEBERNSTEIN NATL MUNI	COM	01864U106	585	44,270	SH		SOLE		0	0	44,270
ALPHABET INC	CAP STK CL C	02079K107	607	787	SH		SOLE		0	0	787
ALPHABET INC	CAP STK CL A	02079K305	3,192	4,028	SH		SOLE		0	0	4,028
ALTRIA GROUP INC	COM	02209S103	263	3,885	SH		SOLE		0	0	3,885
APOLLO COML REAL EST FIN INC	COM	03762U105	276	16,630	SH		SOLE		0	0	16,630
ATHERSYS INC	COM	04744L106	21	13,849	SH		SOLE		0	0	13,849
BARCLAYS BANK PLC	ADR PFD SR 5	06739H362	868	33,976	SH		SOLE		0	0	33,976
BLACKROCK MUNI INTER DR FD I	COM	09253X102	590	42,722	SH		SOLE		0	0	42,722
BLACKROCK DEBT STRAT FD INC	COM NEW	09255R202	281	24,758	SH		SOLE		0	0	24,758
CA INC	COM	12673P105	494	15,551	SH		SOLE		0	0	15,551
CANADIAN PAC RY LTD	COM	13645T100	2,730	19,120	SH		SOLE		0	0	19,120
CISCO SYS INC	COM	17275R102	1,342	44,397	SH		SOLE		0	0	44,397
CLAYMORE EXCHANGE TRD FD TR	GUGG ENH SHT DUR	18383M654	978	19,505	SH		SOLE		0	0	19,505
COHEN & STEERS INFRASTRUCTUR	COM	19248A109	625	32,306	SH		SOLE		0	0	32,306
COMPANHIA SIDERURGICA NACION	SPONSORED ADR	20440W105	49	15,099	SH		SOLE		0	0	15,099
CREDIT SUISSE AG NASSAU BRH	VEL SH 3X LG NAT	22539T324	672	14,541	SH		SOLE		0	0	14,541
DREYFUS STRATEGIC MUN BD FD	COM	26202F107	2,139	266,082	SH		SOLE		0	0	266,082
EOG RES INC	COM	26875P101	6,169	61,022	SH		SOLE		0	0	61,022
EATON VANCE TX MNG BY WRT OP	COM	27828Y108	184	12,415	SH		SOLE		0	0	12,415
EXXON MOBIL CORP	COM	30231G102	1,140	12,625	SH		SOLE		0	0	12,625
FIRST TR EXCHANGE TRADED FD	FINLS ALPHADEX	33734X135	360	13,317	SH		SOLE		0	0	13,317
GAMESTOP CORP NEW	CL A	36467W109	339	13,410	SH		SOLE		0	0	13,410
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	409	10,610	SH		SOLE		0	0	10,610
GLOBAL X FDS	GLBL X MLP ETF	37950E473	219	18,917	SH		SOLE		0	0	18,917
GOLDMAN SACHS GROUP INC	COM	38141G104	2,267	9,466	SH		SOLE		0	0	9,466
GUGGENHEIM ENHNCD EQTY INCM	COM	40167B100	197	24,685	SH		SOLE		0	0	24,685
INDEPENDENCE RLTY TR INC	COM	45378A106	807	90,500	SH		SOLE		0	0	90,500
INVESCO SR INCOME TR	COM	46131H107	1,461	314,887	SH		SOLE		0	0	314,887
ISHARES SILVER TRUST	ISHARES	46428Q109	165	10,952	SH		SOLE		0	0	10,952
ISHARES TR	CORE HIGH DV ETF	46429B663	295	3,589	SH		SOLE		0	0	3,589
ISHARES TR	USA MIN VOL ETF	46429B697	860	19,012	SH		SOLE		0	0	19,012
ISHARES TR	CORE DIV GRWTH	46434V621	1,647	56,998	SH		SOLE		0	0	56,998
JPMORGAN CHASE & CO	COM	46625H100	605	7,012	SH		SOLE		0	0	7,012
MEDLEY CAP CORP	COM	58503F106	215	28,620	SH		SOLE		0	0	28,620
MERCK & CO INC	COM	58933Y105	784	13,317	SH		SOLE		0	0	13,317
METLIFE INC	COM	59156R108	496	9,203	SH		SOLE		0	0	9,203
NETFLIX INC	COM	64110L106	270	2,178	SH		SOLE		0	0	2,178
NEW RESIDENTIAL INVT CORP	COM NEW	64828T201	258	16,385	SH		SOLE		0	0	16,385
NORTHSTAR REALTY EUROPE CORP	COM	66706L101	135	10,763	SH		SOLE		0	0	10,763
NVIDIA CORP	COM	67066G104	307	2,874	SH		SOLE		0	0	2,874
NUVEEN ENHANCED MUN CREDIT O	COM SH BEN INT	67070X101	608	42,973	SH		SOLE		0	0	42,973
NUVEEN PREFERRED SECURITIES	COM	67072C105	1,144	122,923	SH		SOLE		0	0	122,923
OCLARO INC	COM NEW	67555N206	2,571	287,316	SH		SOLE		0	0	287,316
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	2,357	23,606	SH		SOLE		0	0	23,606
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	215	2,122	SH		SOLE		0	0	2,122
PLAINS GP HLDGS L P	LTD PARTNR INT A	72651A207	650	18,735	SH		SOLE		0	0	18,735
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	576	4,862	SH		SOLE		0	0	4,862
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	429	18,347	SH		SOLE		0	0	18,347
POWERSHARES ETF TR II	SOVEREIGN DEBT	73936T573	587	20,757	SH		SOLE		0	0	20,757
PRINCIPAL FINL GROUP INC	COM	74251V102	298	5,157	SH		SOLE		0	0	5,157
PROSHARES TR	SHORT S&P 500 NE	74347B425	428	11,717	SH		SOLE		0	0	11,717
PROSPECT CAPITAL CORPORATION	COM	74348T102	145	17,353	SH		SOLE		0	0	17,353
PRUDENTIAL SHT DURATION HG Y	COM	74442F107	416	26,877	SH		SOLE		0	0	26,877
RETAIL PPTYS AMER INC	CL A	76131V202	540	35,255	SH		SOLE		0	0	35,255
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	758	8,754	SH		SOLE		0	0	8,754
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,653	7,394	SH		SOLE		0	0	7,394
SPDR INDEX SHS FDS	DJ GLB RL ES ETF	78463X749	325	6,925	SH		SOLE		0	0	6,925
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	330	9,048	SH		SOLE		0	0	9,048
SPDR SERIES TRUST	S&P REGL BKG	78464A698	3,422	61,576	SH		SOLE		0	0	61,576
SPDR SERIES TRUST	S&P DIVID ETF	78464A763	215	2,509	SH		SOLE		0	0	2,509
SELECT INCOME REIT	COM SH BEN INT	81618T100	675	26,799	SH		SOLE		0	0	26,799
SPIRIT RLTY CAP INC NEW	COM	84860W102	198	18,248	SH		SOLE		0	0	18,248
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	118	19,465	SH		SOLE		0	0	19,465
SUNOPTA INC	COM	8676EP108	155	21,950	SH		SOLE		0	0	21,950
3M CO	COM	88579Y101	238	1,336	SH		SOLE		0	0	1,336
TIER REIT INC	COM NEW	88650V208	188	10,827	SH		SOLE		0	0	10,827
TORTOISE MLP FD INC	COM	89148B101	2,980	156,169	SH		SOLE		0	0	156,169
UBS AG LONDON BRH	ETRACS MTH 2XLV	90270L842	428	25,525	SH		SOLE		0	0	25,525
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	4,924	235,394	SH		SOLE		0	0	235,394
VANGUARD WORLD FDS	INF TECH ETF	92204A702	288	2,370	SH		SOLE		0	0	2,370
VANGUARD SCOTTSDALE FDS	VNG RUS2000IDX	92206C664	454	4,202	SH		SOLE		0	0	4,202
VEREIT INC	COM	92339V100	539	63,714	SH		SOLE		0	0	63,714
VERIZON COMMUNICATIONS INC	COM	92343V104	470	8,798	SH		SOLE		0	0	8,798
VISA INC	COM CL A	92826C839	327	4,192	SH		SOLE		0	0	4,192
WESTERN ASSET EMRG MKT DEBT	COM	95766A101	493	33,495	SH		SOLE		0	0	33,495
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	254	2,167	SH		SOLE		0	0	2,167
CORE LABORATORIES N V	COM	N22717107	3,222	26,838	SH		SOLE		0	0	26,838
FRANKS INTL N V	COM	N33462107	148	12,054	SH		SOLE		0	0	12,054
SEADRILL PARTNERS LLC	COMUNIT REP LB	Y7545W109	72	17,129	SH		SOLE		0	0	17,129