Through its flagship State Street Bank and other subsidiaries, State Street provides investment servicing (including clearing, settlement, payment, brokerage and trading, and risk and compliance analytics) and investment management services (which include core and enhanced indexing, multi-asset strategies, environment and social investing, and ETFs). The holding company's primary clientele comprises investment managers, mutual funds, corporate and public retirement plans, collective investment funds and other investment pools, foundations, endowments, and insurance companies. Founded in 1792 as Union Bank, State Street has some $34.4 trillion in assets under custody and administration and roughly $3.1 trillion in assets under management.