Franklin Edgar Ulf III (August 12, 1931 - October 20, 2016)
Frank is a founder of Covington and has been in the financial services industry for over 40 years. Most recently, he served for 18 years as Chairman of U.S. Trust Company, N.A. where he was responsible for the expansion of investment management, trust, banking, and fiduciary services in six offices on the west coast.

Frank graduated from Pomona College with a BA in Economics and received his MBA in Finance from USC. He is also a Chartered Investment Counselor (C.I.C.).

 Frank is a Trustee of the Autry National Center of the American West and the California Science Center Foundation. He is Trustee Emeritus of both Pomona College and the Claremont University Consortium. He also serves as Vice Chairman of the Board of the Performing Arts Center of Los Angeles County and is a Director of the YMCA of Metropolitan Los Angeles, the USC Marshall School of Business, USC Andrus Gerontology Center, and the Ralph M. Parsons Foundation.


August 12, 1931 - October 20, 2016 A devoted husband, loving father, adored grandfather, true friend, and one of the most respected community leaders in Los Angeles. With his beloved son, Brian, by his side, he died of cardiac arrest. Frank was born in Pittsburg, PA and at 12 years of age moved with his parents to Beverly Hills. They came to join his mother's family, who lived within blocks of each other. His uncle, Dr. James K. Stewart, founded the first Presbyterian church in Beverly Hills. It was in this church - when they were both 12 years old -that he met his wife, Betsy. They lived only a block away from each other, and their parents were closest of friends. Their lives became connected through their church and carried them through their Beverly Hills High School and college days. Married on Valentine's Day of 1953, they were half of the whole of one another and shared 63 years of everything - together. (Their pictures are on The Hall of Fame at Beverly Hills High School.) Frank's deep sense of public service started when his leadership skills began in high school. In his senior year he was elected Student Body President. He went on to Pomona College and later served on The Board of Trustees for over 20 years, as well as the Board of The Claremont University Consortium. When Betsy and Frank were 16 years old, they were poster kids who helped raise money to build the first YMCA in Beverly Hills. Frank served for over 20 years as a Director of the Metropolitan Los Angeles YMCA and was recently honored with the Golden Book Award for distinguished service, which is the highest honor the Y bestows. In 1982, Frank became President of The Los Angeles 5 Rotary Club. The podium of that platform provided skills that enabled Frank to become one of the outstanding community leaders of Los Angeles. "Service above Self" is their motto. He lived those words to the very core of his soul. Until his death Frank continued to serve on the following Boards: The Autry Museum of the American West, The Music Center, where he served as Vice Chairman, the California Science Center, the USC Marshall School of Business, and past Chairman of The Ralph M. Parsons Foundation. He was appointed by Governor Pete Wilson and served 4 years as a Commissioner of The Los Angeles Memorial Coliseum. He was very successful in the financial business world. After 3 years in the Navy, Frank earned his MBA at The USC School of Business. He founded two financial advisory firms: American Investment Counseling Co. & Summit Mgt. Co, which was purchased in 1988 by US Trust of New York. Frank was named Chairman/CEO of its West Coast offices. In 2004, Frank started one more, and final business: Covington Capital Mgt. where he recently was named Chairman Emeritus. Frank was a proud member of The Los Angeles Country Club, The California Club, Jonathan Club, San Gabriel Country Club and The Reserve in Indian Wells. He was past Chairman of The 100 Club of Los Angeles as well as The Twenty One Fund. He was also a member of The Valley Club of San Marino. In his early twenties, he became an Elder in the Presbyterian Church. He served many terms as a Trustee and Elder at The San Marino Community Church. Frank and Betsy moved to San Marino in 1962 where they raised their daughter, Bonnie, and son, Brian. They moved to Pasadena in 1978. In addition to his loving children, he leaves seven grandchildren: Dane Sandborg, Connor Ulf, Abby and Amanda Ulf, Derek Sandborg, David Sandborg, Lukas Rodriguez and daughter-in- law, Nely Galan. He also leaves his brother-in-law, Arnold Bockstruck of St. Paul MN and family: Betsy, Rob, Duey and Jane. Letters to Betsy these past weeks have reflected who Frank was and what he meant to everyone who met and knew him. "He was a great man, a genuine gentleman. His was a calm voice, imparting great advice and caring. He was a servant of the Lord and lived his life as a warrior for the good of all." A celebration of Frank's life will be held on November 16th at 2 o'clock at the San Marino Community Church, 1750 Virginia Road, San Marino. In lieu of flowers, donations may be made to the charity of your choice - requesting that you keep all of Frank's charities in mind. Cabot & Sons, Pasadena Directors.

Published in the Los Angeles Times on Nov. 6, 2016