(Black Enterprise) – Gerald Smith, chairman and CEO of Houston-based Smith Graham & Co. Investment Advisors L.P., says his firm is already benefiting from a new federal law that’s helping minority and women contractors land deals with regulators of the nation’s financial system. The law allowed Smith’s firm, (No. 7 on the BE ASSET MANAGERS list with nearly $5 billion in assets under management), to land a contract last fall to provide advisory services to the U.S. Treasury Department, Smith says. Smith Graham, through a partnership with Boston-based State Street Global, is advising the Treasury on the management of about $150 billion in mortgage-backed securities, Smith says. “Our goal is to spend more time in Washington and work with these offices, bring more business to the firm, create new opportunities and show them our value added proposition,” he says.