W.P. Stewart & Co. Ltd. is a research-focused investment counselor that manages assets for high-net-worth individuals and institutions located throughout the world. The Companys principal source of revenues is investment advisory fees and, accordingly, fluctuations in financial markets and client contributions and withdrawals have a direct effect on revenues and net income. The Company is part of the Stewart Group, an asset management company that has provided research-intensive equity investment management services to clients throughout the world. The Company invests the capital entrusted to it in some of the worlds growing businesses, including large enterprises that operate businesses with relatively predictable growth. The Company focuses on a five-year investment horizon and does not engage in market timing.