Fidelity Investments, for the first time in its history, will offer voluntary buyouts to employees who are 55 years or older, and who have worked for the Boston-based fund firm at least 10 years. Closely-held Fidelity has about 45,000 employees. The offers reportedly will include extended healthcare coverage and "generous" financial packages based on the worker's years of service and role.

For 2016, Fidelity reported net income of $3.5 billion – an increase of nearly 20% over 2015 – despite strong competition from index fund sponsors and big withdrawals by investors from the company's well-known actively managed funds.