Fidelity Investments--one of the biggest employers in Boston, with 12,800 on its payroll there, a sizeable portion of its 37,000 employees worldwide--plans to move 1,500 jobs out of Bean Town and Marlborough, Mass., to locations around the country.

The biggest expansion will occur in Smithfield, R.I., where 800 people from Fidelity's Boston personal investments division, which sells mutual funds and brokerage services to individuals and financial planners, will be relocated in stages through 2008. Joining 1,600 people already at Fidelity's Smithfield campus, the new workers will be accommodated in a third, $65 million office building scheduled to be completed by 2008.

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