Morningstar Research Inc., the Canadian subsidiary of Morningstar, Inc. (NASDAQ: MORN), has acquired Andex Associates Inc., a privately held firm based in Windsor, Ontario, Canada that produces financial charts and communications materials for financial advisors. Terms were not disclosed.
Andex Associates was founded in 1993 by Anthony DiMeo and Dexter Robinson. The company is best known for its Andex Charts, individual graphic charts detailing historical market returns, stock index growth, inflation rates, currency rates, and general economic conditions for the United States dating back to 1926, and for Canada dating back to 1950. The charts offer in-depth historical information to help investors understand the context and propensity of market downturns and recoveries. Andex serves most of the leading financial services firms in Canada, including BMO Financial Group, CIBC, Great West Life, Investors Group, London Life, RBC Royal Bank, Scotiabank, and TD Canada Trust.
“Morningstar and Andex offer iconic images that help financial professionals communicate important messages about long-term investing, market performance, risk, asset allocation, and the historical context of the financial markets,” said Mike Barad, vice president of financial communications for Morningstar. “Andex Charts are the best-selling financial charts and images in the Canadian market, and Morningstar has the best-selling financial charts in the U.S. market. Adding Andex Charts to Morningstar’s product lineup will allow us to offer our combined client base a broader range of financial communications materials.”
