As of July 1, 2007, Mellon Financial Corporation was acquired by The Bank of New York Company, Inc. Mellon Financial Corporation, through its subsidiaries, provides various banking and financial services to corporations, institutions, government bodies, and individuals in the United States and Europe. It offers asset management solutions. The company also provides wealth management services comprising fiduciary, wealth protection and transfer, philanthropy, asset-specific analysis and planning, and estate settlement and administration services; investment management services, including strategic asset allocation, equity investments, fixed income investments, international investments, and alternative investments; and financial management services, such as banking, mortgages, brokerage, and custody and information reporting services, as well as offers professional banking and relationship banking services. In addition, Mellon Financial Corporation provides accounting services, commingled fund support, data management solutions, derivatives, hedge fund administration, information delivery tools, managed accounts outsourcing, offshore fund services, performance measurement and analytics, plan services, securities lending, separate accounts outsourcing, transfer agency, transition management, and technology solutions. Further, it offers accounts payable streamlining and outsourcing, corporate card services, disbursement services, foreign exchange payments, information reporting and transaction initiation, investment banking, investment solutions, receivables services, and trade banking. Mellon Financial Corporation also offers shareowner and employee stock plan services. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.