Yes! You can use AI to fill out Fidelity Advisor Change of Ownership

Applicants often misunderstand or overlook the signature guarantee requirement in Section 5. They might obtain a notary public stamp, which is explicitly not accepted, or fail to get a guarantee when the transfer value exceeds the stated thresholds. This error is critical and will lead to immediate rejection of the form, as the guarantee is a primary fraud prevention measure. To avoid this, carefully read the thresholds ($10,000 for owner removal, $100,000 for owner addition) and obtain the guarantee from an eligible financial institution, not a notary.

People frequently forget to fill in the Account Number or the SSN/TIN/EIN in Section 1, both of which are marked as required. This often happens when the information is not readily available, but its absence makes it impossible for Fidelity to locate and verify the correct account. This oversight guarantees processing delays and requires the applicant to resubmit the form. Using a tool like Instafill.ai can help by securely storing and auto-filling this critical information, ensuring it's never missed.

In Section 2, a common mistake is checking both the 'Full Transfer' and 'Partial Transfer' boxes. This creates ambiguity and makes it impossible for the processor to know the applicant's true intent. This logical error forces a rejection of the form and requires clarification from the applicant, delaying the ownership change. To prevent this, carefully decide if you are transferring all assets or only a portion, and check only one box.

When specifying a partial transfer in Section 2, users sometimes fill in more than one field for a single fund (e.g., providing both a dollar amount and a number of shares). The form uses 'OR' to indicate that only one metric should be chosen per fund transfer. Providing multiple values makes the instruction unclear and will halt the processing of the request. You must choose only one method—dollar amount, share amount, or percentage—for each fund you wish to partially transfer.

If 'Transfer to a new account' is selected in Section 3, the form explicitly states that a 'New Account Application' must also be completed. Applicants often overlook this instruction and submit only the Change of Ownership form. Without the new account details, the transfer cannot be executed, leading to significant delays until the second required form is received. Always ensure all necessary accompanying documents are completed and submitted together.

In Section 4, if the reason for transfer is a gift, the gift recipient must sign and date the form to accept the shares at fair market value. This signature is often missed, especially if the recipient is not the one filling out the rest of the form. Without this signature, Fidelity will default to a different cost basis tracking method, which may have unintended tax consequences for the recipient. The recipient must always sign in the designated box to confirm their acceptance.

The final page provides multiple submission options (Upload, Fax, Mail), but includes a critical instruction: forms requiring an original signature guarantee must be mailed. People often miss this and will upload or fax the form anyway, invalidating the guarantee. This results in the form being rejected and requiring a resubmission via mail, delaying the entire process. Always verify if a signature guarantee is needed and choose the submission method accordingly.

A simple but frequent error is forgetting to sign or date the form in Section 5. The form explicitly states it cannot be processed without these details. This oversight can happen due to haste or because multiple parties need to sign and one is missed. A missing signature or date will cause an automatic rejection, requiring the form to be sent back for completion. AI-powered tools like Instafill.ai can highlight required signature fields to help prevent this common mistake.

The form instructs users to 'fill in using CAPITAL letters and black ink.' Many people ignore this and use mixed-case handwriting or blue ink, which can cause issues with optical character recognition (OCR) software used in processing. This can lead to data entry errors on Fidelity's end or cause the form to be flagged for manual review, slowing down the transfer. Using a tool like Instafill.ai can convert the flat PDF into a fillable version, ensuring all text is typed, legible, and correctly formatted.

The 'Reason for Transfer' in Section 4 has complex sub-options that are easily missed, especially for transfers due to death. For example, if the surviving joint owner is not the spouse, the form requires the percentage of assets invested by each owner to adjust the cost basis correctly. Failing to provide these percentages will result in an incorrect cost basis calculation, potentially creating future tax complications for the new owner. It is crucial to read every option in this section carefully and provide all requested details.