Ex-insto adviser pleads guilty to deception Ex-insto adviser pleads guilty to deception A former institutionally aligned adviser has pleaded guilty to obtaining financial advantage by deception, after he operated an early super access scheme for more than 160 clients. A A In a statement, ASIC said Ahmed Saad, a former authorised representative of Apogee Financial Planning, pleaded guilty to one count of obtaining financial advantage by deception and one count of attempting to obtain financial advantage by deception on 21 April. Mr Saad had operated a scheme that involved submitting applications for one-off advice fees to MLC super trustee NULIS Nominees, and paying the funds he received back to clients to facilitate illegal early release of their super entitlements.