MAI Capital Management Buys Saybrook

MAI Capital Management is acquiring Saybrook Wealth Group, an Old Saybrook, Connecticut-based registered investment advisor (RIA) with approximately $273 million in assets under management (AUM). Terms of the transaction were not disclosed.

Founded in 2007 by Stephen Norton, Saybrook provides comprehensive investment management and financial planning services, including retirement income, tax and estate planning to a 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.

“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 will have access to its internal infrastructure across human resources, operations, technology and marketing, as well as 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.