The Messenger Business asked Laura to share her perspective on the reasons high-net-worth shoppers shop at Costco. The article featured an analysis of wealthy consumer habits led by a value-driven approach to spending
Laura Mattia, the CEO of Atlas Fiduciary Financial in Sarasota, Fla., said many of her high net worth clients with at least $1 million in liquid assets shop the retailer for basic paper towels and the like.
“It’s a common misconception that HNW individuals exclusively indulge in luxury or premium goods and services,” she said, adding that buying at Costco “is a reflection of a value-driven approach to spending. These clients know that small savings over time can have a compound effect on wealth.