As regulators move forward slowly on new fiduciary rules, FSI is concerned about how the Department of Labor's expanded definition will affect financial advisors whose clients have assets in both IRAs and defined-contribution plans. "If you have an advisor sitting at the table with a client and they are under two different standards, how do you have a discussion with them? I think that ... has the potential to be very problematic," said Robert Lewis, vice president of legislative affairs for FSI.

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