Impel Wealth Management Moving Life Forward
March 22, 2021

This Week from Jesse W. Hurst, II
CFP® CERTIFIED FINANCIAL PLANNER™ • AIF® ACCREDITED INVESTMENT FIDUCIARY

Wall Street's Charging Bull
Arturo Di Modica recently passed away at age 80. Like most people, you have probably never heard of him. But you have certainly seen The Charging Bull sculpture which is located at the base of Wall Street in the New York City borough of Manhattan.
Di Modica was born in Sicily, and at the age of 19 moved to Florence where he studied at the Fine Arts Academy. The sculptor then lived in New York for more than 40 years, arriving in 1973. 
 
There is an interesting backstory to the bronze sculpture, which mysteriously showed up without permission on December 16, 1989. The idea for the 7,100 lb. sculpture came during the aftermath of the 1987 stock market crash. That period is often associated with privilege, greed and excess.
 
Di Modica wanted to create something that represented the courage and can-do spirit of Americans, and New Yorkers in particular. He believed that the statue represented resilience, courage, and integrity. Most people have no idea that he spent more than $350,000 of his own money and nearly two years of his life creating the iconic tourist attraction.
 
In an interview with a Rome newspaper, Di Modica explained how he, and nearly 40 of his friends, along with a crane and a truck, had only five minutes to deliver the unauthorized sculpture to its landing spot. They scouted out the area for several nights and found that the police made rounds every 7-8 minutes. Therefore, they had to be able to execute their delivery both quickly and quietly. It is a fun story, of which few people are aware.
 
When Rachel and I were in Italy in 2019, several tour guides, in both Florence and Milan, made sure to point out pieces of their history that they purposefully maintained. They felt that it was very important to understand and learn from their history, warts and all, in both Florence and Milan. It is important that we understand the stories and the history that brought all of us to this place in time. We will continue to share with you as we “Move Life Forward” together.

Sincerely,

Jesse W. Hurst, CFP®, AIF®
CERTIFIED FINANCIAL PLANNER™
Financial Advisor
*Award Recipient Jesse Hurst
 
*The 2021 ranking of the Forbes’ Best–in–State Wealth Advisors1 list was developed by SHOOK Research and is based on in–person and telephone due–diligence meetings to evaluate each advisor qualitatively and on a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria (including assets under management and revenue generated for their firms). Overall, approximately 32,725 advisors were considered, and 5,000 (approximately 15.3 percent of candidates) were recognized. The full methodology2 that Forbes developed in partnership with SHOOK Research is available at www.forbes.com. 
1This recognition and the due–diligence process conducted are not indicative of the advisor's future performance. Your experience may vary. Winners are organized and ranked by state. Some states may have more advisors than others. You are encouraged to conduct your own research to determine if the advisor is right for you. 

2Portfolio performance is not a criterion due to varying client objectives and lack of audited data. SHOOK does not receive a fee in exchange for rankings. 

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