The Yellowstone Group at Morgan Stanley

Brian J. Bentley, Managing Director, Senior Investment Management Consultant, Financial Advisor

Originally raised on a family ranch in Wyoming, Brian graduated with a B.S. degree in Finance and an MBA both from the University of Wyoming. Brian is a Certified Financial Planner^® with over 24 years of industry experience. His emphasis is on tax-efficient wealth management for UHNW individuals, institutions, foundations and endowments.

Brian lives in Billings with his wife, Tanya, and two sons Boden and Blake. Together they are actively involved in several non-profit community organizations that focus on education, athletics, and outdoor activities.

Tracy Short, Managing Director, Wealth Management, Financial Advisor

Tracy is a senior member of the Yellowstone Group with over 31 years of industry experience. A trust-worthy and results driven Financial Advisor, Tracy enjoys working with clients to provide highly personalized advice to manage their wealth. Tracy is dedicated to understanding her clients’ values and goals and by focusing on what is most important to them she can develop strategies for education, retirement, philanthropy, estate, and business succession plans. Through an in-depth discovery process, she can tailor innovative plans for her clients while considering their goals and risk tolerance.

Tracy utilizes a client-centric educational approach to the financial markets and takes the time to ensure clients understand the strategies behind her recommendations, so they remain informed and actively engaged in managing their wealth. Tracy works with higher net worth clients and is currently available for private consultations on portfolios of one million or greater.

Tracy is a native of Billings, Montana and enjoys spending time with her grown daughters, her granddaughter, and her dogs. Tracy holds the Series 7, 31, 63, and 65 registrations, is insurance licensed with the state(s) of Montana, Wyoming, Colorado, Idaho, Kansas, Washington, Nevada Insurance department(s). She holds NMLS license # 1275781.

Tracy has the honor of being selected as #1 on the Forbes Top Women Wealth Advisors Best-in-State for the State of Montana for both 2023 and 2024.
Source: Forbes.com (Awarded Jan 2024) Data compiled by SHOOK Research LLC based for the period from 3/31/22–3/31/23.
https://www.morganstanley.com/disclosures/awards-disclosure.html
Awards Disclosure

Spencer Larsen, Executive Director, Global Sports and Entertainment Associate Director, NFLPA Registered Institutional Player Financial Advisor

Spencer brings over fifteen years of industry experience to The Yellowstone group. He focuses on building personalized tax-efficient wealth management strategies for athletes, coaches, individuals, and families to help protect, grow, and transfer their wealth at both the collegiate and professional level. Spencer is dedicated to understanding his clients’ values and goals and by focusing on what is most important to them, he can develop innovative strategies for education, retirement, philanthropy, estate, and business succession plans. Spencer is currently available for private consultations on portfolios of one million dollars or greater.

After graduating from the University of Arizona in 2007, Spencer was drafted to the Denver Broncos and had a six-year NFL playing career. His career in finance started during the NFL lockout in 2010, when he obtained his series 65 license. Spencer understands the unique needs and lifestyle of players, coaches, and front-office personnel, and earned the title of Sports and Entertainment Associate through Morgan Stanley after successfully completing additional education which has better prepared him to advise clientele in that specialized market.

Spencer is bilingual in English and Spanish. He served a two-year LDS church mission in Chile. Spencer resides in Billings, Montana with his wife and five children. He is actively involved in the community with several non-profit organizations and keeps busy coaching his children’s sports teams and serving in his church.

Clyde W. Barton, Financial Advisor, Financial Planning Associate

Prior to joining the Yellowstone Group at Morgan Stanley in 2022, Clyde managed a family-owned assisted living business. He brings eleven years of business management and client relations experience to the group and understands the necessity of quality service. Clyde focuses on wealth management strategies for individuals, families, and business owners creating goals-based plans that are tailored to the specific client.

Clyde grew up in a small farm town in southern Utah, learning the value of a strong work ethic at a young age. He attended Dixie State University and earned a degree in Organizational Communications. Clyde and his wife have three children and enjoy every aspect that living in Montana provides. He spends his time coaching and supporting the Billing’s youth sports programs, volunteering in his church, and serving the local community.

 
Jan Williams, Vice President, Wealth Management Associate

Jan has 33 years of industry experience, initially joining Dean Witter as a financial advisor in 1992. After fourteen years in management with Morgan Stanley, she joined the Yellowstone Group in April 2014. She oversees the marketing functions for the Yellowstone Group and works in tandem with the financial advisors in the group to provide oversight of client portfolios: conducting portfolio analysis, reporting and review; and can assist with service-related requests. She holds the Series 7, 9, 10, 24, 3, 31, and 63/65 licenses.

Jan obtained an undergraduate BS degree in Business Administration/Marketing from MSU-Billings in Billings, MT and an MBA from New York Institute of Technology, Old Westbury, NY. She is a native of Billings, Montana and enjoys traveling, spending time outdoors with family and friends, and volunteering in activities within the community.

Lorenda Wahl, Portfolio Associate

Lorenda has over 36 years of industry experience with Morgan Stanley and its predecessor Dean Witter.  As a former member of the local branch management team, she joined the group as the service expert, ensuring that the administrative and operational business needs of the team are handled efficiently and effectively, and our clients' overall service needs are met. 

Lorenda holds the Series 7, 9, 10, 31, and 66 registrations.  Lorenda obtained a BS degree in Business Education from Eastern Montana College-Billings, MT. 

Lorenda was raised on a ranch in Ekalaka, MT and now resides in Billings with her husband.  They have raised four children in the Billings community.  She enjoys outdoor activities with her family and friends, spending time with her grandchildren,  as well as volunteering in different school, community and church activities. 

Amy L. Yates, Portfolio Associate, Financial Planning Specialist

Amy has over 31 years of industry experience with Morgan Stanley and its predecessor Smith Barney. She joined the Yellowstone Group in August 2023. Amy was raised in Billings and went to college at the University of Montana graduating in Business Administration/Finance Degree. Amy holds the Series 7, 63, 65 registrations.

Amy is a native of Billings, MT where she resides with her husband Ron and her daughter Ava. She enjoys spending time with her family, volunteering her time with many local organizations, and supporting the Montana Grizzlies.

Mary Lee, Client Service Associate

Mary is the newest member of The Yellowstone Group. Prior to joining the Yellowstone group in September of 2024, Mary worked as a Case Manager at a law firm that specialized in Estate Planning where she managed case files, drafted estate documents, and oversaw the day-to-day business of the office.

Mary grew up in the suburbs of Phoenix, Arizona and attended college at Northern Arizona University where she graduated with a Bachelor’s Degree in Education. She moved to Billings in 2024 where she and her husband live with their four children. She likes to spend her time being with her family, hiking, being outdoors, watching good movies and serving in the community and her church.