Older clients tend to search for higher yield, so you see energy companies like Chevron, and healthcare names like Johnson & Johnson, and telecoms like Verizon, all of which they are very familiar with and have been investing in for years. Nicole Sherrod More Quotes by Nicole Sherrod More Quotes From Nicole Sherrod It's a demographic that is very much into tech, so it's not shocking that it tends to skew much higher in their portfolios, take something like Tesla: It's something hot that millennials covet, and although they may not have the purchasing power to buy the car yet, they can certainly buy the stock. Nicole Sherrod company-news