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The Boston Globe

Business

Baystate Wealth Management and Bruins legend Derek Sanderson launch the Sports Group for pro athletes

Derek Sanderson in his hockey days. Globe file photo/Dan Goshtigian.

Baystate Wealth Management, a Boston-based firm that provides asset management services to high net-worth individuals said it has formed the Sports Group, with Bruins hockey legend Derek Sanderson as managing director.

At the new division, Sanderson will work with Eric Goodman, formerly of Howland Capital. The Sports Group will focus solely on the financial needs of professional athletes and others involved in the business of sports and professional athletics.

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In his younger days, Sanderson was as adept at frittering away his hockey paychecks as he was at penalty killing. But as he grew older, Sanderson swapped the high life for high finance. His financial services resume includes stints at State Street Global and Howland Capital.

“As a former athlete, I know how difficult it can be for professional athletes to manage their finances, especially looking beyond their playing days towards retirement,” Sanderson said in a statement.

Chris Reidy can be reached at reidy@globe.com.

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