Pawleys Island, SC Office

Team
Updated today
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Merrill

Institution

Firm-wide stats for Merrill

Total advisors

25,562

Across 3,167 offices

Clients per advisor

70 Very Low

Avg AUM per client

$860,085 Very High

HNW client ratio

29% High

About

Merrill, together with its affiliate Managed Account Advisors LLC (MAA), provides managed account services to Bank of America fiduciary clients through the Select Portfolio Solutions (SPS) Program. The firm offers model‑based and discretionary strategies constructed by internal Chief Investment Office (CIO) teams and third‑party style managers and implements trading, account administration and custody support for individuals, high‑net‑worth clients, pension and profit‑sharing plans, corporations and charitable organizations.

Portfolio implementation varies by Strategy: some are model‑based where MAA implements CIO or style manager models, while others authorize third‑party Discretionary Managers to execute trades directly; the CIO also uses strategic and tactical asset allocation and offers “tax aware” versions of related strategies for higher tax‑sensitivity investors. Cash allocations are typically swept through the Bank’s Cash Sweep Program or invested in money market alternatives, and clients can request reasonable investment restrictions (which MAA may accept or decline and may have limited effect where Funds are used).

Several features in the brochure distinguish Merrill from many peers: as part of the Bank of America group it has affiliates that operate in swaps and derivatives markets and it has disclosed planned arrangements to receive “Support Fees” and to offer optional Data Analytics to third‑party firms beginning January 1, 2027 (the brochure notes Merrill will not receive Support Fees for accounts enrolled in the SPS Program). The firm also discloses multiple SEC administrative orders and related enforcement matters (including a 2025 order with a $25 million civil penalty related to cash sweep disclosures), and the Program materials do not present the SPS service as a source of standalone financial planning.

Based on Merrill

Expertise

Tax-loss harvesting Active portfolio management Wealth management

Based on Merrill

Location

Pawleys Island SC

Advisors at this office

2

Advisors at this office

John B

Series 63, Series 65

Pawleys Island, SC

Merrill

John Brienza is a Senior Financial Advisor with Merrill Lynch Wealth Management, bringing over 37 years of experience in helping clients coordinate their finances. Throughout his career, John has focused on various client services including Corporate Benefits, Corporate Executive Services, Divorce Transition Planning, Equity Compensation Services, Family Wealth Management Strategies, Personal Retirement Planning, Portfolio Management Services, and Retirement Income. He initially began his career with Merrill Lynch in New York and has been based in North Carolina for over 30 years. John holds a Bachelor's Degree from Gettysburg College and maintains the Personal Investment Advisor (PIA) designation. He has also served as the Senior Resident Director of the Merrill Lynch Wealth Management office in Charlotte-South Park and was a board member of the Foundation for the Carolinas, Cabinet of Professional Advisors. John leads The Brienza Group, a team of seven professionals dedicated to managing various aspects of clients' financial lives. Outside of his professional commitments, John resides in the South Park area of Charlotte with his wife Robin. Their son Michael, a recent Tufts University graduate, lives in Boston with his wife Anastasia. John is an eight-time Ironman Triathlete and spends his personal time biking, running marathons, swimming, and enjoying time with his family.

General retirement planning Retirement income strategy Equity Recipients (RS/RSU, SOP, ESPP) Wealth management Divorce financial planning Executive Established Professionals Mid-Career Professionals Married/Couples/Partners
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Carol C

Series 66

Pawleys Island, SC

Merrill

Carol Claytor is a Series 66 licensed financial advisor at Merrill with seven years of industry experience. She previously worked for PNC Bank, N.A. from 2013 to 2018 before joining Merrill in 2018. Merrill, along with its affiliate Managed Account Advisors LLC, provides managed account services to Bank of America fiduciary clients through the Select Portfolio Solutions Program. The firm offers model-based and discretionary investment strategies developed by internal CIO teams and third-party managers, serving individuals, high-net-worth clients, pension plans, corporations, and charitable organizations.

Tax-loss harvesting Active portfolio management Wealth management
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