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

Bg Store/ Print scan **OPS** Globe photo Dan Goshtigian 2/10/1976. Boston Ma. Boston Garden Bruins Derek Sanderson. / bw -- 1125sanderson
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.

Bruins legend Bobby Orr laughs as former teammate Derek Sanderson, uses his back to sign his new book. Globe Photo/ Stan Grossfeld

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.

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.

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“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.