Yes! You can use AI to fill out Alternative Investment Request for Transaction Letter of Instruction (LOI)

This is one of the most frequent reasons for rejection, as applicants often overlook the signature block on the second page or forget to enter the date. An unsigned or undated form is legally invalid and will be immediately returned by the processing team. This causes significant delays in executing the time-sensitive investment transaction, potentially resulting in a missed opportunity. Always review both pages of the form before submission, paying special attention to the signature and date fields.

When an account is jointly owned, all owners listed on the account must sign the form. People often assume only the primary owner's signature is needed, leading to an incomplete application that cannot be processed. This will cause the form to be rejected, delaying the transaction until all required signatures are collected and the form is resubmitted. Before sending, verify the account type and ensure all joint owners have printed their names, signed, and dated the form in the designated areas.

Alternative investments often have very specific legal names and unique CUSIP identifiers. Applicants may use a shortened or informal name, or transpose digits in the CUSIP, which can lead to the purchase of the wrong asset or a complete failure to process the transaction. To avoid this, you should always copy the exact legal asset name and CUSIP from the fund's official offering documents. AI-powered form filling tools like Instafill.ai can help prevent this by validating data against known financial databases.

Many funds offer multiple share classes (e.g., Class A, Class I) with different fee structures and investment minimums. Failing to specify the share class is a critical omission that makes the order impossible to execute, as the processor won't know which version of the fund to buy or sell. This will halt the transaction until you provide the missing information, causing delays. Always verify the correct share class from the subscription agreement and enter it clearly on the form.

Users may enter both a 'Number of Shares/Units' and a total 'Amount,' creating a conflict if the values do not correspond exactly. This ambiguity forces the processor to seek clarification, delaying the trade until the user's true intent is confirmed. To avoid this, decide whether you are transacting a specific number of shares or a specific dollar amount and fill in only that corresponding field, leaving the other blank unless you are certain of both values.

The form instructs users to complete both the 'Purchase' and 'Sell/Redemption' sections for an exchange, but people often only fill out one section. This results in an incomplete request that cannot be processed as an exchange, leading to rejection or incorrect processing as a simple buy or sell. If you are exchanging one asset for another, you must provide full details for both the asset being sold and the asset being purchased to ensure the transaction is handled correctly.

The form states that a signed Fund Subscription Agreement must accompany the request when applicable, which is almost always the case for new alternative investment purchases. Forgetting to include this separate, often lengthy document is a common oversight that will prevent the entire transaction from being initiated. Always confirm if a subscription agreement is required for your purchase and ensure it is fully completed and submitted along with this Letter of Instruction.

The form's prerequisites state that the account must be funded before a purchase will be processed. Applicants sometimes submit the form expecting funds to arrive later, but the transaction will not be processed without available cash in the account. This leads to the request being held and potentially canceled, causing the investor to miss the intended trade date. Always confirm that sufficient cleared cash is available in your brokerage account before submitting the purchase request.

This error occurs when the account number provided does not belong to the account owner(s) named on the form, often due to a simple typo or confusion between multiple accounts. This mismatch will cause an immediate processing failure for security and verification reasons, halting the transaction. To prevent this, carefully cross-reference the full account owner name(s) and account number with a recent account statement before filling out the form.

When filling out a printed copy, the instructions explicitly require using all CAPITAL letters and black ink for legibility and proper scanning. Users may ignore this and use cursive, mixed-case letters, or blue ink, which can lead to data entry errors by the processing team or outright rejection of the form. If you must fill the form manually, adhere strictly to these formatting rules. Alternatively, use a tool like Instafill.ai, which can convert non-fillable PDFs into fillable versions to ensure perfect legibility.