Group overseeing $750 million starts wealth manager YorkBridge.
Head of bank's brokerage will now be in charge of community banking.
Brian James Egan agreed to be barred from the brokerage industry.
Last year's 123 deals exceeded previous annual record in 2014 by 37%
Louis D. Dworsky was found in breach of promissory notes when he left the brokerage firm.
Firms reluctant to sell now may struggle later to find a merger partner to survive.
Lightyear Capital's Donald Marron looks to add new investment products and services.
Operating income declined 1% on reduced client activity and lower mutual fund fees
Registered investment advisory firms have been merging at swift pace after record-setting 2015
His departure follows agreement to be bought by Fortress Biotech.
