Revenue rose nearly 7% to $12.3 billion, up from $11.5 billion the year before. And assets under management rose 6% to nearly $1.6 trillion, primarily due to the S&P 500’s 15% gain in 2010. Total assets under administration rose 8% to $3.5 trillion.
Fidelity also limited its expense growth to 4% last year, keeping its workforce steady at 37,000 in 2010. However, it is down 19.5% from a peak of 46,000 in 2007.