Some advisor can do this.

There should be a custodian involved that holds the money.

This is a client specific question.

This all depends on the advisor. Generally you will receive monthly statements from the custodian, a more in depth report when you meet with the advisor and access to the accounts daily thru the custodian or advisor web portal.

This all depends on the type of planning they are performing. CFP, CIMA, CFA, etc are all very good designations. Some come into play more in different circumstances.

Maybe. If paid from a taxable account the fees will flow on to your Schedule A along with other itemized deductions. Each person’s tax situation is very different and you will have to check with your CPA to understand if there are tax benefits.

You need to discuss up front how the advisor works so that you know what services are complimentary and where you will start paying for the service.

All depends on the firm.

Each advisory firm has different standards and procedures around this. It is a very important question to ask and understand.

Balance sheet with your assets, liabilities, tax return, etc.

First step as a client would be to understand what you are looking for. Then target a few advisors that you feel would meet your needs. Have conversations with the advisors to understand their business and how they might be able to help you. Narrow your search to a few and then interview them in person. This process takes time but you are hiring an advisor to help with your money so you want to hire the right advisor.

Each firm is different.

Fee based -Advisor are compensated a certain % of the assets each year for the services they provide. Commission based -Advisor are compensated from the products that they sell you.

Wide range. It all depends on the services being offered.

A question any potential client of an advisory firm needs to understand. Advisors are compensated in many ways: selling product (commissions), % of assets under mgmt, flat fee, etc. We recommend taking the time to know how the advisor is being paid to make sure the clients and advisor interests are aligned.