Entrepreneur William Proger says the pandemic has allowed him to reimagine the modern wealth management firm, keeping his back-office cost base to an absolute minimum, while producing the quality service and low fees clients care about.

Mr Proger, an alumnus of Barclays Wealth and more recently Saranac Partners, said he believes his new firm William & Partners (W&P) will be profitable by the first quarter of next year.

William & Partners received regulatory go-ahead as an a...