Founded in 1850, Lehman Brothers serves the financial needs of corporations, governments, municipalities and institutional clients worldwide. The company specializes in investment banking and equity and fixed income sales. It offers investment management, wealth advisory and capital market execution services. The company provides bank loans, stocks, financing and derivative products, as well as government, municipal, and mortgage- and asset-backed securities. Lehman Brothers also offers consulting services related to security financing, prime brokerage, derivative servicing and risk management. It additionally provides asset management, financial advisory and capital raising services. Lehman Brothers is headquartered in New York City and maintains an office in San Francisco.