8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): 12/14/2010

INTERNATIONAL ASSETS HOLDING CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	000-23554	59-2921318
(State of Incorporation)	(Commission File Number)	(IRS Employer ID No.)

708 Third Avenue, Suite 1500, New York, NY 10017

(Address of principal executive offices, including Zip Code)

(212) 485-3500

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to rule 14d-2(b) under the Exchange Act 17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition

Item 7.01. Regulation FD Disclosure

The following information is furnished under Item 2.02, “Results of Operations and Financial Condition” and Item 7.01 “Regulation FD Disclosure”. This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1993, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. On December 14, 2010, the Company issued a news release on the subject of its operations and financial condition for the fiscal quarter and fiscal year ended September 30, 2010.

The Press Release is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits

Exhibit 99.1    Press Release Dated December 14, 2010.

Signatures

Pursuant to the Requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the Undersigned hereunto duly authorized.

	International Assets Holding Corporation
December 14, 2010	By:	/s/ William J. Dunaway
		William J. Dunaway
		Chief Financial Officer

Exhibit Index

Exhibit No.	Description
Exhibit 99.1	Press Release Dated December 14, 2010.

EX-99.1

Exhibit 99.1

INTERNATIONAL ASSETS HOLDING CORPORATION REPORTS   FISCAL FOURTH QUARTER AND FULL YEAR 2010 FINANCIAL RESULTS

New York, NY – December 14, 2010 – International Assets Holding Corporation (the ‘Company’; NASDAQ: IAAC) today announced its fiscal year 2010 financial results. Certain financial metrics discussed in this press release are non-GAAP, reflecting marked-to-market differences in the Company’s Commodity & Risk Management Services segment. A reconciliation of those metrics to GAAP equivalents is provided in the table below, and further discussion of the use of non-GAAP metrics will be provided in the Company’s Form 10-K to be filed with the Securities and Exchange Commission (“SEC”).

Sean O’Connor, CEO of International Assets, stated, “During the fiscal year we accelerated our strategic plans and now have a comprehensive and unmatched set of capabilities to service our growing and diverse customer base. We have yet to fully realize the benefits of this strategic vision but are confident that this approach will result in attractive returns and good growth prospects for our company.”

International Assets Holding Corporation Summary Financials

	Three Months Ended September 30,									Fiscal Year Ended September 30,
(Unaudited) (in millions, except share and per share amounts)	2010			2009			% Change			2010			2009			% Change
Total operating revenues	$	65.9		$	13.4			392	%	$	269.0		$	90.6			197	%
Interest expense		2.4			1.7			41	%		9.9			8.0			24	%
Net revenues		63.5			11.7			443	%		259.1			82.6			214	%
Compensation and benefits		31.2			8.6			263	%		104.2			40.2			159	%
Clearing and related expenses		16.5			3.0			450	%		68.2			16.0			326	%
Other non-interest expenses		20.5			3.9			426	%		68.8			13.1			425	%
Total non-interest expenses		68.2			15.5			340	%		241.2			69.3			248	%
Income from operations, before tax		(4.7	)		(3.8	)		24	%		17.9			13.3			35	%
Income tax expense		(1.7	)		(2.2	)		(23	)%		6.4			2.6			146	%
Net income before discontinued operations		(3.0	)		(1.6	)		88	%		11.5			10.7			7	%
Loss from discontinued operations, net of taxes		(1.3	)		0.2			(a	)		(0.6	)		1.1			(a	)
Income before extraordinary loss		(1.7	)		(1.8	)		(6	)%		12.1			9.6			26	%
Extraordinary loss		2.8			(18.5	)		(a	)		7.0			(18.5	)		(a	)
Net income		(4.5	)		16.7			(a	)		5.1			28.1			(82	)%
Less: Net income (loss) attributable to noncontrolling interests		—			—			(a	)		(0.3	)		0.5			(a	)
Net income attributable to IAHC common shareholders	$	(4.5	)	$	16.7			(a	)	$	5.4		$	27.6			(80	)%
Earnings per share:
Basic
Net income before discontinued operations	$	(0.18	)	$	(0.18	)		0	%	$	0.68		$	1.16			(41	)%
Loss from discontinued operations	$	0.07		$	(0.02	)		(a	)	$	0.03		$	(0.13	)		(a	)
Extraordinary loss	$	(0.15	)	$	2.07			(a	)	$	(0.40	)	$	2.08			(a	)
Net income attributable to IAHC common shareholders	$	(0.26	)	$	1.87			(a	)	$	0.31		$	3.11			(90	)%
Diluted
Net income before discontinued operations	$	(0.18	)	$	(0.13	)		38	%	$	0.66		$	1.10			(40	)%
Loss from discontinued operations	$	0.07		$	(0.02	)		(a	)	$	0.03		$	(0.12	)		(a	)
Extraordinary loss	$	(0.15	)	$	1.79			(a	)	$	(0.39	)	$	1.82			(a	)
Net income attributable to IAHC common shareholders	$	(0.26	)	$	1.64			(a	)	$	0.30		$	2.80			(89	)%
Weighted average number of common shares outstanding:
Basic		17,358,689			8,946,275			94	%		17,306,019			8,895,697			95	%
Diluted		17,358,689			10,339,157			68	%		17,883,233			10,182,586			76	%
Segmental operating revenues (non-GAAP) reconciliation:
Total operating revenues, as reported (GAAP)	$	65.9		$	13.4			392	%	$	269.0		$	90.6			197	%
Marked-to-market adjustment		10.8			4.1			163	%		6.0			6.9			(13	)%
Adjusted operating revenues (non-GAAP) (b)	$	76.7		$	17.5			338	%	$	275.0		$	97.5			182	%
Represented by:
Commodity and risk management services	$	41.0		$	5.0			720	%	$	135.8		$	26.1			420	%
Foreign exchange		11.7			6.4			83	%		47.5			30.3			57	%
Securities		6.2			5.2			19	%		20.8			39.1			(47	)%
Clearing and execution services		14.3			—			(a	)		61.8			—			(a	)
Other		2.1			1.0			110	%		8.9			3.4			162	%
Corporate unallocated		1.4			(0.1	)		(a	)		0.2			(1.4	)		(a	)
Adjusted operating revenues (non-GAAP) (b)	$	76.7		$	17.5			338	%	$	275.0		$	97.5			182	%
Net income (non-GAAP) reconciliation:
Net income, as reported (GAAP)	$	(4.5	)	$	16.7			(a	)	$	5.4		$	27.6			(80	)%
Exclude loss from discontinued operations		(1.3	)		0.2			(a	)		(0.6	)		1.1			(a	)
Exclude extraordinary loss		2.8			(18.5	)		(a	)		7.0			(18.5	)		(a	)
Marked-to-market adjustment		10.8			4.1			163	%		6.0			6.9			(13	)%
Tax effect at blended rate of 37.5%		(4.1	)		(1.5	)		173	%		(2.3	)		(2.5	)		(8	)%
Adjusted net income before discontinued operations (non-GAAP) (c)	$	3.7		$	1.0			270	%	$	15.5		$	14.6			6	%

Consolidated financial statements for the Company will be included in the Company’s quarterly report on Form 10-Q to be filed with the SEC. The Form 10-Q will also be made available on the Company’s website at www.intlassets.com.

(a) Comparison not meaningful.

(b) Adjusted operating revenue is a non-GAAP measure that represents operating revenues adjusted by marked-to-market differences in the Company’s Commodity & Risk Management Services segment, as shown in the table. The table above reflects all reconciling items between the GAAP operating revenues and non-GAAP adjusted operating revenues. For a full discussion of management’s reasons for disclosing these adjustments, see ‘Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations’ in the Form 10-K for the year ended September 30, 2010.

(c) Adjusted, net income before discontinued operations is a non-GAAP measure that represents net income adjusted by the after-tax marked-to-market differences in the Company’s Commodity & Risk Management Services segment, the extraordinary loss related to the decrease in net deferred tax assets related to the FCStone merger, the extraordinary loss related to the pre-acquisition contingency and the loss from discontinued operations, net of tax. The table above reflects all reconciling items between the GAAP net income (loss) attributable to IAHC common shareholders and non-GAAP adjusted net income before discontinued operations.

Conference Call & Web Cast

A conference call will be held tomorrow, Wednesday, December 15, 2010 at 9:00 a.m. ET. A live web cast of the conference call as well as a replay will be available online on the Company’s corporate web site at http://www.intlassets.com. Participants can also access the call by dialing 1-888-215-7027 (within the United States), or 1-913-312-9305 (international callers) approximately ten minutes prior to the start time.

A replay of the call will be available approximately two hours after the call has ended and will be available through December 25, 2010. To access the replay, dial 1-888-203-1112 (within the United States), or 1-719-457-0820 (international callers) and enter the replay passcode 1917609.

About International Assets Holding Corporation

International Assets Holding Corporation (INTL) provides execution and advisory services in commodities, currencies and international securities. INTL’s businesses, which include the commodities advisory and transaction execution firm FCStone Group, serve more than 10,000 commercial customers in more than 100 countries through a network of offices in eleven countries around the world.

Further information on INTL is available at www.intlassets.com.

Forward Looking Statements

This press release includes forward-looking statements including statements regarding the combined company. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words “believe,” “expect,” “anticipate,” “should,” “plan,” “will,” “may,” “could,” “intend,” “estimate,” “predict,” “potential,” “continue” or the negative of these terms and similar expressions, as they relate to International Assets Holding Corporation, are intended to identify forward-looking statements.

These forward-looking statements are largely based on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the combined company. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the filings made by International Assets Holding Corporation with the Securities and Exchange Commission. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release.

These forward-looking statements speak only as of the date of this press release. International Assets Holding Corporation undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements.

International Assets Holding Corporation

Investor inquiries:

Bill Dunaway, CFO

866-522-7188

bdunaway@intlassets.com