MAI Capital Management, a registered investment adviser (RIA) focused on empowering clients to simplify, protect and grow their wealth, has announced the acquisition of Saybrook Wealth Group, an Old Saybrook, Conn.-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, re
