The Daily Brief

Ruchir Swarup, who worked at BlackRock for 19 years, will be Addepar's first full-time CTO since co-founder Jason Mirra left in 2014.

Octavia Wealth Advisors, a firm that managed $1.6 billion in AUM at AXA Advisors, has 35 employees and offices in Cincinnatti, Los Angeles, San Diego and Miami.

This marks Cresset's third and largest deal since it was founded.

Wisconsin-based Summit Street Wealth Management was partly attracted to LPL because of President and CEO Dan Arnold’s history in the bank channel.

Liberty One, which was founded in 2012 by a group of advisors, creates model-based, individual equity allocations.

Despite the market losses reaching as high as -34%, advisors say returns will be in the single digits.

More than eight in 10 advisors (81%) believe clients with a financial plan had less discomfort and anxiety during the market volatility, according to an eMoney survey.

TD Ameritrade Institutional launches a new matching tool to help advisors find more and diverse talent.

Funding for the employee-focused financial planning tool is part of the trend of money pouring money into automated workplace planning.

Sanctuary Wealth added its 35th partner firm, Muirwood Private Wealth, of Walnut Creek, Calif., the second Merrill Lynch team to leave in a week.