A new survey released Wednesday by the Financial Services Institute suggests that more than three-quarters of advisors believe that a deal will emerge to avert the fiscal cliff - but they're also concerned about what will come of the DOL's quest for a Fiduciary Rule.

The FSI polled nearly 2,500 independent financial advisors on issues including the “fiscal cliff,” the economy, taxes and other factors impacting their Main Street clients. This poll expanded on the polls FSI conducted in February and August with its financial advisor members.

According to poll results, financial advisors overwhelmingly believe (79 percent) that a deal will be reached averting the fiscal cliff. A significant majority of respondents (72 percent) believe that a deal will include not only higher marginal tax rates for “wealthy Americans” but will also include curbs on deductions. Nearly all financial advisors (90 percent) think a fiscal cliff deal should include both fundamental tax code and entitlement reforms. Over half also responded that the capital gains tax should remain at its current rate of 15 percent.