It looks like VARDS' move to Morningstar is truly its last, but this time it loses its founder and most of its staff.

The Variable Annuity Research and Data Service, started by Rick Carey in 1988, has been semi-nomadic since 2000, when Carey sold the company to Info-One, which, in turn, was bought by Wachovia, Charlotte, N.C., the next year.

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