MAI Capital Management announced that it has signed an agreement to acquire Saybrook Wealth Group, a Connecticut-based registered investment adviser with approximately $273 million in assets under management, expanding MAI’s presence in the Northeast region. Financial terms of the transaction were not disclosed.
Founded in 2007 by Stephen Norton, Saybrook Wealth Group is a fee-only fiduciary wealth management firm headquartered in Old Saybrook, Connecticut. The firm serves more than 300 households and specializes in comprehensive investment management and financial planning services, including retirement income planning, tax planning, and estate planning.
Saybrook focuses on serving high-net-worth individuals and families, including executives, retirees, and commercial construction professionals. The firm has also developed expertise in planning for families with special needs dependents, an area that has particular personal significance for founder Stephen Norton.
Following the transaction, Norton will join MAI as a Senior Wealth Advisor and continue serving clients. Saybrook will adopt the MAI brand and gain access to the firm’s national platform, which includes support across operations, technology, marketing, human resources, and a team of more than 150 specialists in investment management, tax, estate planning, and family office services.
Founded in 1973, MAI Capital Management provides wealth management and advisory services through more than 40 offices across the United States. As of April 30, 2026, the firm managed or advised approximately $77.3 billion in combined client assets and employed more than 700 people.
Saybrook Wealth Group officially joined MAI on May 29, 2026.
KEY QUOTES:
“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. 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.”
Rick Buoncore, Chairman And CEO, MAI Capital Management
“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. 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.”
Stephen Norton, Founder And Senior Wealth Advisor, MAI Capital Management
