Many financial advisors are not talking with clients about how they may be impacted by federal tax reform, according to Fidelity Investments.

Only 42 percent of clients included in a recent Fidelity survey have had their advisors bring up the subject, while 39 percent have not communicated with their advisors about the subject at all, and another 19 percent brought the subject up to the advisors themselves, Fidelity said.

The lack of discussion is a wasted opportunity for advisors who could be solidifying relationships with their clients with these talks, Fidelity said in its Millionaires’ Outlook report released Monday.

Survey respondents said navigating tax changes is a primary reason for having a financial advisor and more than half said it is a reason they would be willing to pay more for advice.

The survey was made up of 1,429 investors, including 639 people with at least $1 million in investable assets.

Overall, investors feel confident about their financial situation now, but there is skepticism about the future, the study said.

“We’re in the midst of the longest bull market in history, which means that most investors have seen upside in their portfolios for almost 10 years, but they’re beginning to think about how to prepare for a future that may have some more bumps,” said David Canter, head of the registered investment advisor segment at Fidelity Clearing & Custody Solutions. “So, right now in particular, advisors are going to be hugely important in helping their clients plan for the future.”

The survey respondents also said they expect advisors to manage their money, but they want more from the advisors, including college and estate planning, plans for taking care of loved ones and help in achieving life goals.

“In order to appeal to investors, advisors need to provide them with a new standard,” said Canter. “They need not just an intelligence quotient in handling clients and their portfolios, but also an emotional quotient to better connect and even a digital quotient to evolve with their customers’ technological experiences.”