updated 2/15/2013 1:10:53 PM ET 2013-02-15T18:10:53

BOSTON (Reuters) - Fidelity Investments on Friday said operating income in its financial services business dropped 29 percent in 2012.

The Boston-based mutual fund powerhouse, which is privately held and controlled by the family of Chairman Edward C. Johnson III, said its financial services revenue fell 1 percent last year to $12.63 billion.

(Reporting By Tim McLaughlin; editing by John Wallace)

(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp

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