Latest news with #GregGates
Yahoo
20-05-2025
- Business
- Yahoo
LPL Financial Announces Q1 2025 Technology Updates
Firmwide technology and AI enhancements aim to improve experiences for advisors, investors and financial institutions SAN DIEGO, May 20, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leading wealth management firm, has announced a series of significant updates to its financial technology, investment solutions and platform infrastructure in the first quarter of 2025. These ongoing improvements underscore LPL's dedication to helping advisors harness both existing and emerging technologies to optimize their time, create tailored client experiences, and offer more advanced and personalized financial guidance. The first quarter of 2025 saw the introduction of 80 new product enhancements—designed to enhance the experiences of advisors, institutions and end clients. 'Our goal is to consistently enhance the tools and processes used daily, allowing advisors to focus on their core business activities. We are also continuously strengthening our platforms to ensure they are secure, reliable and resilient,' said Greg Gates, Group Managing Director, Chief Technology and Information Officer at LPL. 'By leveraging our scale and insights from over 29,000 advisors and 1,200 institutions, we are committed to continuously refining and reinvesting in our technology to address the most critical needs of today's financial professionals.' New and Enhanced Tech Solutions Alts: LPL Alts Connect has digitized the alts purchase process and reduces order time by up to 70 percent. The platform complements an expanding product set that includes an array of prominent funds, giving advisors more optionality to build diversified, non-correlated portfolios. Marketing: A new digital marketing platform leverages technology, including AI, to streamline effective communication with clients and prospects across multiple channels and touchpoints. Advisors who subscribe to LPL's Marketing Solutions grew assets 39% faster, on average, than their LPL peers over a 6-month period. Rebalancing: ClientWorks Rebalancer enhancements include single sleeve drift filters, new excess cash options and expiration date flexibility—all designed to offer advisors increased flexibility. Retirement plans: A new, dedicated account for outside retirement plans streamlines the tracking and processing of fees, making the entire process more efficient. Artificial intelligence (AI): Advisors now have access to Adobe Acrobat AI Assistant and Box AI, as well as Wealthbox AI Reports, which leverages data to build reports based on an advisor's prompt. With the help of AI, LPL advisors can spend less time on administrative tasks and more time focusing on growing client relationships and the business. eSignature Bundling: eSignature bundling has been added to New Account Opening, Move Money and Annuity Order Entry. These updates simplify workflow and save valuable time by reducing the number of emails advisors and investors receive. Leadership Expansion Further strengthening its technology leadership, LPL recently welcomed Vaughn Harvey as Executive Vice President and Chief Data and Artificial Intelligence Officer. Harvey will lead the company's data and AI initiatives, driving innovation and digital transformation across the organization. Industry Recognition LPL received the Bank Insurance and Securities Association's 2025 Technology Innovation Award for Meeting Manager, a proprietary solution that supports advisor productivity, improves oversight for program managers and changes the game on how advisors in institutions engage with their clients. In addition, LPL's Chief Information Security Officer Renana Friedlich was recognized by CISO Village on the Cyber 25 Women of Impact List for driving change in the cybersecurity industry. About LPL Financial LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit Securities and advisory services offered through LPL Financial LLC ('LPL Financial'), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Throughout this communication, the terms 'financial advisors' and 'advisors' are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial. We routinely disclose information that may be important to shareholders in the 'Investor Relations' or 'Press Releases' section of our website. Media Contact: (402) 740-2047 Tracking #: 738811
Yahoo
30-04-2025
- Yahoo
Transcript: Talk-Line with Steve Marco interviews Greg Gates, Reagan Mass Transit District
Apr. 29—Read the transcript from our Talk-Line interview featuring the Executive Director of the Reagan Mass Transit District, Greg Gates. Gates discusses a transit desert study on local public transportation needs in association with Northern Illinois University, continuing work on bringing daily regular city routes to Dixon and Rochelle, and work on the new transit center for Ogle County in Oregon. Other topics include the start of transportation through RMTD for rural Winnebago County and the first "Fore! Wheels Golf" fundraiser coming up June 19 at Lost Nation. Like what you hear? Be sure to visit WIXN, part of Shaw Local Radio. We're also available on Apple Podcasts and Spotify.
Yahoo
30-04-2025
- Yahoo
Shaw Local Radio Podcast: Talk-Line with Steve Marco interviews Greg Gates, Reagan Mass Transit District
Apr. 29—Listen to "Talk-Line: Greg Gates, Reagan Mass Transit District" on Spreaker. The TALK-LINE interview for April 29 featured the Executive Director of the Reagan Mass Transit District, Greg Gates. Gates discusses a transit desert study on local public transportation needs in association with Northern Illinois University, continuing work on bringing daily regular city routes to Dixon and Rochelle, and work on the new transit center for Ogle County in Oregon. Other topics include the start of transportation through RMTD for rural Winnebago County and the first "Fore! Wheels Golf" fundraiser coming up June 19 at Lost Nation. Like what you hear? Be sure to visit WIXN, part of Shaw Local Radio. We're also available on Apple Podcasts and Spotify.
Yahoo
25-03-2025
- Automotive
- Yahoo
Serving Lee and Ogle counties, Reagan Mass Transit District adds six vehicles to fleet
Mar. 25—DIXON — The Reagan Mass Transit District in Dixon has added six new vehicles to its public transportation fleet. RMTD Executive Director Greg Gates said the four medium-duty Ford buses and two minivans will help to replace some of RMTD's aging vehicles, some with over 300,000 miles on them. He said RMTD has been waiting four to five years for these vehicles for two reasons. "First, the pandemic hit at about the time that we submitted these, and shortly thereafter, production got backed up," Gates said. "At the same time, the state was going through a process of updating the vehicles on its contract. So, it was a mixture of pandemic production issues and also the contract with the state of Illinois that delayed this entire process." The RMTD is a public transportation district primarily serving communities in Lee and Ogle counties. It also takes customers to appointments in Rockford, Sycamore and DeKalb and offers fixed-route bus services and demand-response curb-to-curb services. Gates said that in fiscal year 2024, the RMTD provided 93,342 rides and its buses traveled over 750,000 miles. The RMTD is funded through local taxes, state and federal grants, and passenger fares. The district receives funding from several programs administered by the Illinois Department of Transportation, including the Federal Transportation Administration's 5311 program, the Downstate Operating Assistance Program, 5311F funding for intercity routes and the Downstate Capital Improvement Fund. It also relies on local matching funds and private donations. Gates said the new vehicles were paid for using a combination of federal and state funds through IDOT's consolidated vehicle procurement process, in which transit agencies statewide request new vehicles. "We will have a lien by IDOT against those vehicles for their useful life, which could be years or miles," Gates said. "Once those miles or years have been met, we can ask for the disposal of those vehicles, and then they become our own, or we can sell them." The RMTD initially requested 10 vehicles but was finally approved for six. However, Gates said the RMTD also received four "transfer" vehicles. "There are other nonprofits or transit agencies that may no longer need one of their vehicles," Gates said. "So, they will ask IDOT if they can find somebody who would have use for it. The four transfer vehicles we received had some miles on them, but they were still in good shape, and we're utilizing them in our system." The RMTD charges the following fares: * Individuals 5 and under: $1 for in-town, one-way trips and 35 cents per mile for out-of-town trips. * Individuals ages 6-59: $2 for in-town, one-way trips and 35 cents per mile for out-of-town trips. * Individuals ages 60 and older, veterans and people with disabilities: $1 for in-town, one-way trips and 35 cents for out-of-town trips with a $5 cap for one-way trips. "Additionally, every fourth Friday of the month, we do a Fare Free Fourth Friday," Gates said. "If you want to take a ride, you call and schedule it, and on that day, we don't charge anybody anything. It's our way of allowing people to get a feel for it and a greater understanding of what we offer." The RMTD office is located at 210 E. Progress Drive and provides service from 6 a.m. to 6 p.m. Monday through Friday. For more information, call 815-288-2117.
