Boston Private has become the latest industry player to launch a wealth management team focused on serving professionals in the entertainment and sports sector.

Boston Private has created a dedicated wealth management group aimed at serving HNWIs in the fields of entertainment, media and sport.

The firm said it has launched the Beverly Hills, CA-based group in light of current business from this broad client segment, as well as existing in-house industry expertise and recent hires, including 16-year NBA veteran Chris Dudley.

“Southern California is an important market for us, so a strategic, thoughtful and focused approach towards the entertainment, media and sports industry is a natural evolution,” said Clay Deutsch, chief executive of Boston Private Bank & Trust Company, the parent company of Boston Private Wealth.

Boston Private has Southern California offices in Beverly Hills, Encino, Pasadena, Burbank, Granada Hills, Santa Monica and Westlake Village.

The firm also plans to establish a new downtown Los Angeles location in late-2016, it said.

Family Wealth Report recently spoke to a new industry player, Kendall Gray, about some of the wealth management issues facing professional athletes (see here).