Blanke Schein Wealth Management

Blanke Schein Wealth Management is a multigenerational family practice combining over 100 years of trusted wealth management experience. We strive to offer diversified, well-researched investment strategies with a strong foundation of security. 

We believe in a transparent investment program operating under a fiduciary standard of excellence. Fiduciaries have a legal obligation to put their clients’ best interests first and we wouldn’t have it any other way. In today’s world, people’s financial needs are ever changing. Our team is in constant pursuit to find the tailored solution for every individual in every individualized situation.

When you join the family of Blanke Schein Wealth Management, we hope your extended family will soon follow. We are a dedicated team of professionals who are passionate about serving our clients for the long haul. Our financial advisors have a concentrated focus in trans generational wealth, helping to preserve family legacies, building to a comfortable retirement, and of course, accumulating and protecting wealth with long term portfolios. We care about your family, maybe it’s time you meet ours.


William F. Blanke, AIF®

William “Rick” Blanke is a Managing Director and Partner of HighTower Blanke Schein Wealth Management. He has more than four decades of experience as an investment professional. Rick focuses his talents on serving the investment needs of clients, corporations and foundations, lending his knowledge to the implementation of wealth management strategies and focusing on fixed-income investments.

Prior to joining HighTower, Rick spent 30 years at Morgan Stanley, 17 of which were as a Branch Manager. He was a Select member of the Fixed Income Department (FID), a designation exclusively available to the firm’s top fixed-income advisors. 
Rick was named a 2014 and 2015 Five Star Wealth Manager awardee. Rick is also an Accredited Investment Fiduciary® (AIF®). Administered by fi360, the professional designation is the industry's first and only designation that demonstrates knowledge and competency in the area of fiduciary excellence. He also holds the Series 4, 5, 7, 12, 63, 65 licenses and is a CA Insurance License holder, 0A23999.

In addition to his duties as a financial advisor, he is deeply committed to serving his community. He is a Trustee of the Family YMCA of the Desert, where he also served on the board for over 25 years. Rick also served as a member of the Board of Directors for The College of the Desert Foundation for nearly 10 years, previously acting as a member of the Planned Gift Committee.

Rick enjoys playing guitar, is an avid snow skier and is passionate about vintage cars. He resides in Rancho Mirage with his wife, has three adult children and nine grandchildren.

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Robert L. Schein, AIF®

Robert Schein is a Managing Director and Partner of HighTower Blanke Schein Wealth Management. With more than 20 years of experience as a financial professional, Robert demonstrates a strong commitment to his clients and community.

Robert leads the asset allocation, design and implementation of an investment portfolio review process. He specializes in developing and supporting investment strategies for high-net-worth individuals and families with complex estate, as well as philanthropic and retirement planning needs.

Robert also specializes in the leadership of a community and forum where independent women can acquire the confidence to be leaders in their financial lives.  As founder of The Society of the F.E.W., he has vowed to empower women with education, support, and community (www.thesofew.com).  Recognized for his leadership in this area, Robert has been featured in various publications, such as, the Wall Street Journal, CNBC.com, Forbes, Yahoo! Finance, On Wall Street, Investment News, The Desert Sun and Palm Springs Life.  Robert is a national speaker on the topic of financial education for women, and recently was asked to speak at Desert Women’s Show and P.E.O. International.  

Robert was honored as a top financial advisor by Reuters Advice Point Top Advisor in 2008. That same year, he co-authored a book, Bridging the Value Gap. In 2014 (link date to http://www.investmentnews.com/section/40-under-40/profile/31/Robert-Schein), he was recognized as a “40 Under 40” Financial Advisor by InvestmentNews, and in 2015 (link date to http://www.onwallstreet.com/gallery/ows/industry/top-40-under-40-countdown-31-40-2695371-1.html) he received the same recognition from OnWallStreet.

Robert graduated from the University of Arizona with a double major in Finance and Marketing. In 2007, he earned his Investment Consultant designation from the Wharton School of Business. He is an Accredited Investment Fiduciary® (AIF®), and holds the Series 7, 63, 65 licenses and is a CA Insurance license holder, 0D16099.

Service above self has been evident in Robert’s community leadership roles, raising well over $2 million dollars for local non-profits. Robert has served on the Board of Directors in many of the Coachella Valley’s youth and education-based institutions, including Family YMCA of the Desert, La Quinta Rotary and St. Jude Children’s Research Hospital. He also served as the President of the Board of Directors for Xavier College Preparatory from 2010-2012. He also designed, implemented and served as Chairman of several Sustaining and Capital Campaigns for Xavier College Preparatory (2006, 2007) and YMCA of the Desert (2004, 2005).
Additionally, Robert and his team have been approved to work with Fidelity Charitable, which specializes in efficient and effective charitable giving solutions used by individuals and families with substantial assets, complex planning needs or tax circumstances.

Robert resides in Indian Wells with his wife and four children.

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Michael Shields, AAMS®, AIF®

Mike is a Managing Director and Partner of HighTower Blanke Schein Wealth Management. A highly-skilled financial advisor with more than 40 years of business experience, Mike is an effective communicator with long-term financial planning capabilities.

Mike focuses on the design of custom financial plans for high-net-worth individual investors and their families. He works with clients to determine solutions to help them achieve their goals and objectives during retirement. He is also actively involved in conversations with clients’ CPAs and attorneys to develop effective strategies for the transfer of wealth to future generations.

Previously, Mike served as a Financial Advisor at Morgan Stanley and A.G. Edwards, where he focused on investments and financial planning. His diverse background includes 20 years of experience in corporate and commercial real estate, with an emphasis on valuation and lending. His problem-solving abilities are derived from a deep background in asset valuation, bank debt restructuring, public finance projects, investment analysis and commercial real estate asset management. Mike attended the University of Alabama where he majored in Business Administration. He holds an Accredited Asset Management Specialist (AAMS®) designation from The College for Financial Planning. He is also an Accredited Investment Fiduciary® (AIF®) and holds Series 7, 66, Life and Health insurance licenses and is a CA insurance license holder, 0E58769.

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Rick Blanke Jr.

Financial Advisor

Rick Blanke Jr. believes the key to a great working relationship between a client and advisor is to foster a great personal relationship. The ability to truly understand the clients’ needs and risk tolerance is critical when determining the appropriate investment strategy. Rick Jr. is a Financial Advisor and currently holds his Series 7, 63, 65 and Life and Health Insurance licenses. He is also a CA insurance license holder, 0K61443.

Rick was named one of Forbes Top Next-Gen Advisors for 2018.

Rick Jr. was born and raised in the Coachella Valley. He attended Palm Desert High School and attended college nearby in San Diego. Rick Jr. received his Bachelor’s degree in Political Science and a minor in Business Administration from the University of San Diego. It was in San Diego that he met his wife who was also from the Coachella Valley. After getting married, Rick Jr. started his employment at HighTower Advisors.

Rick lives in Palm Desert with his wife and two daughters.

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Donald E. Stockhausen

Financial Advisor

Mr. Stockhausen has been in the investment industry for more than forty years. Prior to joining HighTower, He worked at PaineWebber and was a Manager at Morgan Stanley from 1976-1980. Don joined HighTower Palm Desert in 2013 specializing in portfolio management using individual securities and U.S. Treasury, agency and corporate bonds. Mr. Stockhausen’s clientele includes individuals, trusts, foundations and corporate retirement plans. He holds Series 7, Series 63 and series 65 licenses.
Don graduated from Marquette University with a Finance Major. He has a passion for Baseball, Golf, and Tennis.  He resides in Brookfield, WI with his Wife JoAnne; he has three adult children and 10 grandchildren.

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Sheri Toutant

Sheri Toutant

Client Service Associate

Sheri believes our clients come first at HighTower and she strives to provide the highest quality of customer service. She feels effective communication and organization are top priority when managing custodial relationships.

Although Sheri was born and raised in Southern California, she graduated from the University of Colorado at Boulder with a Bachelor’s Degree in English Literature and a minor in Psychology. She later returned to California and attended the University of California at Irvine (UCI), acquiring a teaching credential.  She spent over a decade teaching middle school and high school English. She later had the opportunity to work for a public relations company in Beverly Hills and Desert European Motorcars in Rancho Mirage. Establishing a close relationship with loyal clientele has been one of Sheri’s favorite aspects of her professional career.
Nayyan Chandler

Nayyan Chandler

Communications Director

Nayyan’s focus includes business development, marketing, electronic media, event planning, content production, office management, and operational support. She joined HighTower Blanke Schein Wealth Management with a background in online marketing, project management, web development, graphic design, and social media management. She obtained her Bachelor of Science degree in Web Development and Multimedia from The Art Institute of Pittsburgh.

The Coachella Valley has been her home since 2007, before which she lived in Miami, Chile, Estonia and Israel. Nayyan is fluent in Spanish and has a passion for traveling, nature, the arts and all things tech.

Kalee Bachmann

Kalee Bachmann

Client Service Associate

Kalee is a Client Services Associate at HighTower Blanke Schein Wealth Management. After almost a decade of experience in Finance, Kalee has a comprehensive approach to finance and client service. She works closely with clients to help them pursue their financial goals and collaborates with them to understand their entire financial picture. She has a broad range of experience including business owner, manager, marketing coordinator, lending officer, and client associate. Kalee earned an AA in Visual Communications from FIDM and a BA in Economics from UCSB. She also holds a Series 7 & 66. 

As the newest addition to the team, Kalee is excited for the opportunity to build strong relationships. Kalee and her family relocated to La Quinta after her spouse finished his military career. As a military spouse, Kalee realizes the importance of financial planning for the unknown.

Kalee is a Colorado native who has had the opportunity to experience life on both coasts. Aside from her career, Kalee loves quality time with her family, adventuring outdoors and yoga!