Wells Fargo Advisors | St. Louis Public Radio

Wells Fargo Advisors

Joseph Leahy/St. Louis Public Radio

Financial services firm Wells Fargo Advisors is investing $33 million to expand its operations in the St. Louis area. Missouri Governor Jay Nixon and St. Louis Mayor Francis Slay joined the company’s president and CEO Danny Ludeman Friday for the announcement at the company’s downtown headquarters.

Ludeman says the plan will create 400 local jobs.

This article first appeared in the St. Louis Beacon: October 22, 2008 - Wachovia said Wednesday that it lost nearly $24 billion during the third quarter, producing results well below Wall Street's already lowered expectations.