SHARECOMMENTMORE

ST. LOUIS (AP) - The financial services firm Wells Fargo Advisors is expanding its St. Louis office and plans to create 400 jobs in the city.

The company, the nation's third-largest retail brokerage firm, made the announcement on Friday.

Plans call for Wells Fargo to spend $33 million to renovate and expand its downtown St. Louis headquarters. The jobs will be created over a three-year period.

The company is getting help from the state in the form of an economic incentive package worth $12.6 million in tax credits. The state also is providing $540,000 in New Jobs Training incentives.

Once the jobs are added, Wells Fargo will have about 5,000 employees at its downtown headquarters.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)