 Hamilton
Smith Associates was formed to assist financial institutions and their software
vendors with continued monitoring of regulatory changes and creation of practical
business procedures and definition of business requirements.
Concentrating
heavily in the life, annuity and health insurance industry, and emphasizing Federal
level regulatory and compliance activities, Hamilton Smith Associates prepares
alerts on regulatory changes that are pending in Congress or recently passed,
and their practical deployment descriptions. New
wealth management solutions and hybrid products being created now blur the once-comfortable
distinction between life, annuity, health and pure investments products. New hybrid
products will continue to gain favor and be created at an increasing pace. These
products cannot be treated like comfortable siloed products of the past where
rules of compliance, reporting and taxation were clearly defined.
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