MAI Capital Management (“MAI”), a registered investment advisor (RIA) focused on empowering clients to simplify, protect and grow their wealth, today announced the acquisition of Saybrook Wealth Group (“Saybrook”), an Old Saybrook, Connecticut-based RIA with approximately $273 million in assets under management (AUM). Terms of the transaction were not disclosed.
Founded in 2007 by Stephen Norton, Saybrook is a fee-only, fiduciary practice known for its customized approach to portfolio construction and long-term client relationships. After building his career at some of the industry’s largest wirehouses, Norton set out to build a practice centered on personalized planning and a more consistent client experience. The firm provides comprehensive investment management and financial planning services—including retirement income, tax and estate planning—to a diverse client base of more than 300 households. Saybrook specializes in serving high-net-worth individuals and families, including executives, retirees and commercial construction professionals. The firm has also developed a specialized focus in financial planning for families with special needs dependents, work that holds deep personal significance for Norton.
“What stood out to us about Stephen and the Saybrook team is how intentionally they’ve grown their practice around listening first and planning second. Their approach is deeply personal, highly customized and rooted in long-term relationships, which aligns directly with how we serve clients at MAI,” said Rick Buoncore, Chairman and CEO of MAI. “Saybrook has built an impressive reputation throughout Connecticut by staying deeply connected to the clients and communities they serve, and we’re looking forward to building on that momentum together.”
Norton will continue serving clients in his new role as Senior Wealth Advisor at MAI. Saybrook will adopt MAI’s brand identity and benefit from the firm’s national platform, including access to its internal infrastructure across human resources, operations, technology and marketing, as well as more than 150 specialized professionals in investment management, financial planning, tax, estate and family office services.
“Joining MAI allows me to focus my efforts where I can have the greatest impact—working directly with clients and helping families plan for the future,” said Norton. “As Saybrook has grown, more of my time has gone toward running the business and managing operational responsibilities. MAI should give us the scale, planning resources and infrastructure support to take those responsibilities off our plate so we can stay focused on delivering thoughtful advice to our clients. From my first conversations with their team, it was clear to me that they shared the fiduciary mindset and people-first values that have consistently defined this firm. I’m excited about what this means for our clients and our ability to support them with greater depth, perspective and long-term planning capabilities.”
Saybrook Wealth Group joined MAI effective May 29th, 2026.
About MAI Capital Management
MAI is a registered investment adviser and wealth management firm unified in purpose to empower clients to simplify, protect, and grow the wealth they have worked so hard to build. Founded in 1973, the firm helps clients achieve their vision and goals through objective advice, tailored planning, comprehensive and integrated solutions, and highly personal service.
As of April 30, 2026, MAI and its affiliated investment adviser have more than 40 offices across the United States, a team of more than 700 people, and approximately $77.3 billion in combined client assets managed or advised*.
For more information, visit www.mai.capital or MAI’s company page on LinkedIn.
*Combined client assets consist of MAI’s regulatory assets under management (“RAUM”), including assets managed by an affiliated adviser and assets at that affiliated adviser that are in the process of transitioning to MAI. MAI reports its RAUM in Form ADV Part 1A, which may not yet reflect all transitioning assets. In addition, approximately $6 billion represents assets under advisement, which are not included in RAUM. This combination is presented for informational purposes only and should not be considered a substitute for MAI’s reported RAUM.
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