Quotes from the news wire:
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.
Found on Reuters 9 years ago
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.
Found on Reuters 9 years ago
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