Reg Rep Broker Survey
Congratulations to the 400 Jones GP's that submitted votes to the annual Broker Report Card. We just eeked out our 16th in a row.
As lovely as that is, it does seem rather peculiar and disingenuous to have THAT many Jones FA's complete the surveys (compared to the other firms), and win for the 16th year. I like Jones and all, but I am curious what the surveys would look like if every FA from every firm were surveyed. My guess - it would be a tie - every firm would score 70%. Maybe if they did it today it would actually lean more in favor of Jones (due to most firms' recent collapses), but in most years, I think it would all more or less equal out. After all, if some firms were THAT bad to work for, people wouldn't stay. If they were THAT good, everyone would want to go there and never leave.
I thought the same thing B24--that is a helluva high response rate from one place. EJ still might score higher, partially because of different expectations...the average new hire to EJ (or old AGE for that matter) probably has different expectations that ML, MS, SB, etc.
Plus EJ folks have little basis for comparison (very few have been anywhere else) and this is a great career anywhere...and EJ is good at selling the idea that it is the firm, not just the career. Many other people can always say something was better at XYZ where they used to be (poster above included).
If their external marketing was as good as their internal marketing, they'd own the world.
AG Edwards used to consistently score right up there as well. After merging with WS -- I can tell you that, imo, one was a lot better than the other.
And I when taking part in a recent survey I did not rate WS as high as I did AGE. And when I had the recent results of the surveys sent to me WS was not rated anywhere near the top of the pile.
I don't believe a larger sample size would contradict those findings -- but would instead reinforce them.
Agreed on all of that!