EXHIBIT 99.3

                                               knowledge. judgement. EXPERIENCE.


W.P. STEWART                                                       PRESS RELEASE
         & Co., Ltd.




Contact:  Fred Ryan
telephone: 441.295.8585


26 September 2006
Hamilton, Bermuda


                  W.P. Stewart & Co., Ltd. Hosts Client Seminar

      W.P.  Stewart & Co.,  Ltd.  (the  Company)  today  hosted its annual  U.S.
investment  seminar for  clients at The Pierre  Hotel in New York City with more
than 400 clients attending from around the world.

      Within  the  seminar  proceedings  it was noted that the  investment  team
remains committed to the W.P. Stewart  investment  philosophy and the principals
of quality,  growth and valuation.  Performance for the W.P. Stewart U.S. Equity
Composite, from a low of being down approximately 8%, post-fee,  through the end
of July/early  August,  has recovered to being slightly positive for the year as
of the close of business on 24 September 2006.

      In commenting  after the seminar,  Harry  Segalas,  the Chairman and Chief
Investment  Officer for W.P. Stewart & Co., Inc. said, "At W.P. Stewart,  we are
committed to achieving  above  average  long-term  returns for our clients while
taking below average risks. I feel we are entering a time of opportunity for our
style of  investing  as  portfolio  earnings  continue to advance  strongly  and
valuations  are  attractive.  Our  long-term  results  have proven  consistently
superior and I am excited about the future outlook for our client portfolios."

      W.P. Stewart & Co., Ltd. is an asset management  company that has provided
research-intensive  equity management  services to clients  throughout the world
since 1975. The Company is headquartered in Hamilton, Bermuda and has additional
operations or affiliates in the United States, Europe and Asia.

      The Company's shares are listed for trading on the New York Stock Exchange
(NYSE: WPL) and on the Bermuda Stock Exchange (BSX: WPS).

      For  more   information,   please   visit   the   Company's   website   at
www.wpstewart.com,  or call W.P.  Stewart  Investor  Relations (Fred M. Ryan) at
1-888-695-4092  (toll-free within the United States) or + 441-295-8585  (outside
the United States) or e-mail to IRINFO@wpstewart.com.