Financial Services
•May be exempt if duties include:
*Collecting and analyzing information regarding the customer’s income, assets, investments or debts
*Determining which financial products best meet the customer’s needs and financial circumstances
*Advising the customer regarding the advantages and disadvantages of different financial products
*Marketing, servicing or promoting the employer’s financial products
•An employee whose primary duty is selling financial products does not qualify for the administrative exemption
Financial services employees may meet the duties requirements for the administrative exemption if their duties include collecting and analyzing information regarding the customer’s income, assets, investments or debts; determining which financial products best meet the customer’s needs and financial circumstances; advising the customer regarding the advantages and disadvantages of different financial products; and marketing, servicing or promoting the employer’s financial products.  However, a financial services employee whose primary duty is selling financial products does not qualify for the administrative exemption.