// Filter to add new myprofile link to nav menu
 
function new_nav_menu_items($items) {
	$profilelink = '<li id="my-profile" class="my-profile"><a  href="' . bp_loggedin_user_domain() . '"> MyProfile</a></li>';
	$items = $items . $profilelink;
	return $items;
}
add_filter( 'wp_list_pages', 'new_nav_menu_items' );
add_filter( 'wp_nav_menu_items', 'new_nav_menu_items' );
 
 
// Create Member Profile link with shortcode in pages and posts
 
function member_profile( $atts, $label = null ) { 
echo '' . $label . ''; 
}
add_shortcode('member_profile', 'member_profile');
 
 
 
Next, add the following to your style.css in order to float the new profile link to the right and add some font color and weight:
 
 
li#my-profile.my-profile { 
float:right; 
}
 
li#my-profile.my-profile a {
font-weight:bold;
color:red;
}