Once you have committed to the deal and signed the PPM, the last step is to wire the funds. Typically, the syndication team will provide a document with the wiring instructions as part of the subscription docs and they may also upload it as a separate sheet into the investor portal.
Be sure to fill this form out carefully! Make sure you have supplied the correct and accurate information to ensure that the operator receives it in a timely manner. It’s a good idea to print the instruction sheet and take it with you to the bank so you have it handy for the wire transfer.
Once the wire is completed, check in with the sponsor team directly to make sure it has been received. Some banks will wire the funds immediately while others may batch their wires and send them all out at the end of the day. You should see the investment reflected into your portal dashboard within a few hours or by the next day. If your wire has not been received within 24 hours, you should definitely contact your bank to get the status and ensure that the wire has not been delayed somewhere in their system.
This step is admittedly the most nerve-wracking and also, very exciting! Once the money has successfully made it to its destination, be sure to savor this moment and celebrate.
You have made a huge step towards growing your wealth! Congratulations!
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