Humansvsrobots Large

Humans vs. Robots!

CONTEXT

I was recently asked for my view on the talent landscape in the Singapore wealth management industry, especially given the recent wave of consolidation in the industry (i.e. concerns that there will be mass job losses), as well as the threat of automation and digital transformation to what has long been a business inter-mediated by human professionals (ditto).

It is true that over the last three years, we have seen Indosuez acquire CIC’s wealth business in Singapore and Hong Kong, OCBC purchase NAB’s Singapore and Hong Kong wealth business as well as the Singapore/Hong Kong wealth business of Barclays, and DBS’ acquisition of Societe Generale and ANZ’s Asian wealth management businesses, respectively. These are by no means all of the examples, so clearly this is an industry in flux.

At the same time, digital transformation continues to sweep through the front, middle, and back office of wealth management firms (although some would argue not quickly enough, given the still-archaic client experience many firms offer).

 

STEPPING BACK – A HISTORICAL VIEW

The fear of job losses from technology is not a new concept. Consider the Luddites of the early 19th century, and even famed economist John Maynard Keynes in 1933, stating, “Automation outruns the pace we can find new uses for labor”.

What is important is to understand the nature of jobs and talent. I recently encountered interesting research from the University of Chicago (Gibbs et al.) showing that there are four job characteristics: Interdependence; Multi-tasking; Discretion; Skills, and that jobs where these factors are all important tend to be heavy on R&D and IT spending, and are hard to automate.

Throughout time, when there has been a technology impact on jobs, it comes in two forms, either as a substitute or as a complement. While one could argue that the pace of technology disruption has been increasing since the 1980s, it has always been there.

Lately, we have seen lots of sensationalist headlines in the press, such as how “47% of all jobs are likely to be eliminated by technology” (with most quoting from, “The Future of Employment: How Susceptible Are Jobs to Computerisation?,” by Dr Michael A. Osborne from Oxford University’s Department of Engineering Science and Dr Carl Benedikt Frey of the Oxford Martin School).

However the reality that is often over-looked is that traditional jobs will be “unbundled”, with technology automation freeing up humans to do the more engaging and high-value part of the job better and more efficiently. An analysis from the OECD bears this out, with something in the region of 8% of jobs being lost (but made up for by new jobs being created).

The implications are stark. Cognitive skills and social skills will be most in-demand and impossible to automate away for the foreseeable future (at least until AI gets “smarter)”. At the same time, some people will lose out, and governments will need to step-in to support the change and maintain societal harmony as best they can. At an industry-level, firms, regulators, and educational institutes will need to work together to prepare young people for jobs of the future and support re-skilling of displaced workers.

 

WHAT DOES IT ALL MEAN FOR SINGAPORE WEALTH MANAGEMENT?

Now to turn back to the crux of the question posed to me last week. What is my view on the future of the Singapore wealth management industry given these global and industry-level disruptions?

Our first lens is the client lens. The first thing to understand is that the Asian wealth management industry is a booming industry, with more and more HNW clients being created each year, with the region serving as the global engine room for new wealth creation. At the same time, client needs are ever more complex, with increasing investor sophistication, multi-jurisdictional business and family lives, and a general trend towards information overload.

On the firm side, there are major challenges to convert the growth in the client base into assets under management. Even when firms can do this, client behavior, regulatory and technology investment, and the existing interest rate environment ensure that profits are constrained. As a result, wealth management firms will always seek to automate and offshore roles, as this is a natural part of capitalism and something they must do in order to deliver shareholder value and improve weak profit margins.

The situation with talent in Singapore wealth management is strained. More specifically, the situation is as follows:

  • GROWTH: Growth of new wealthy clients is far out-stripping supply of new advisors
  • DEMANDS: Clients are more sophisticated, putting increased demands on advisors
  • AGE: Many advisors are older, and do not understand needs/outlook of spouse and younger HNWIs
  • QUALITY: In many emerging markets, quality of talent and financial acumen is severely limited

So what is the future requirement for the talent model in Singapore? Digital is key to scale the business model and serve more clients more effectively. For example in the front office, digital technology can enable increased democratization of wealth management via digital self-service tools. Such tools give more people access to self-service research and digital portfolio management (tools previously restricted to the upper end of wealthy clients). In the back and middle office, increased automation will help improve the quality, speed, and efficiency of firm operations. Human talent will remain critical, and will be in keeping with the “complement” impact of technology mentioned earlier. Human talent and technology will form a hybrid team, with traditional jobs unbundled to allow technology to handle the more repetitive and non-value-adding tasks, freeing up human talent to focus on areas that will be hard for computers to replicate (such as building client intimacy, collaborating to find the best solutions, and negotiating).

As a result, recruitment emphasis will shift. Wealth manager hiring will focus on those with high EQ, who can use the free time enabled by automation to deepen relationships and make more connections across the ecosystem. Advisor hiring will also focus on those with real skills and proven ability (or at least strong potential) to build a wealth practice, and across the organization, there will be a strong focus on recruiting digital natives who can naturally blend with technology. Lastly, new roles will be sought to displace jobs that may be less relevant in the new industry construct – the so-called “creative disruption” that helps to mitigate the extent of job losses (along with the un-bundling mentioned earlier).

Naturally, industry stakeholders will need to offer a lot of support as the talent model evolves. Training will be key, as re-skilling will be needed, especially in middle and back office roles that endure the most automation. Firms as well as regulators and educational institutes have a role to play here. There will also likely be a role for government support, especially in the areas most impacted by automation.

 

WHICH ROLES ARE MOST IN-DEMAND IN SINGAPORE WEALTH MANAGEMENT?

I believe the industry can absorb technology into the business model without causing mass unemployment, and so I want to share where I see a lot of the hiring interest in the industry. I meet leaders of wealth firms regularly, and one thing that is consistent is that they are looking for good people; however it is a quality over quantity view. As a result, many firms are struggling significantly to fill the position that they do have.

Where do I see growth/demand for roles? There are many, but to give a few examples:

  • Wealth/relationship managers… but not pure sales people… the key is to have EQ, an existing track record as a trusted advisor to clients, and an ability to coordinate across a variety of stakeholders in order to develop winning propositions for clients. A specific in-demand skill such as financial planning expertise would also be greatly valued.
  • Innovation leads/roles… there is huge demand around digital innovation, especially in Singapore… firms are active but nobody has really cracked how to make a success of it… lots of potential roles, from Fintech ecosystem managers, to full-stack developers, to change management professionals.
  • Proposition development… client needs, regulations, and profit needs are driving a major re-look at propositions in a still-competitive industry… as a result, lots of demand for roles such as customer journey leads, data scientists and insight leads.

A few closing points. First, the roles most in-demand in the future will be those that combine a strong focus on cognitive and social skills, which the above roles certainly require. Secondly, in the history of artificial intelligence, there are often spurts and a lot of hype, but then a lag before implementation of AI really takes off.

This “implementation lag” gives the global economy and Singapore’s wealth management industry the time required to adapt, though it will not happen by itself and requires concerted action from many stakeholders.

 

David

This Post Has 0 Comments

  1. ErnestCot

    Your comment is awaiting moderation.

    Thanks a lot. I enjoy it.
    https://www.genericviagracubarx.com/
    viagra prolonged erection
    buy viagra online
    viagra vacumms
    buy viagra online

  2. ErnestCot

    Your comment is awaiting moderation.

    Good facts. Appreciate it!
    https://www.viagrawithoutdoctorntx.com/
    what works better viagra or cialis
    viagra online
    waiting period for viagra before sex
    [url=https://www.genericviagracubarx.com/]generic viagra 100mg[/url]

  3. ErnestCot

    Your comment is awaiting moderation.

    Wow quite a lot of great knowledge!
    https://www.viagrawithoutdoctorbnt.com/
    cheap genaric viagra cialis soft
    viagra without a doctor prescription
    song lyrics for 30,000lbs of viagra
    viagra for women

  4. ErnestCot

    Your comment is awaiting moderation.

    Wow tons of valuable advice.
    https://www.viagrawithoutdoctorbnt.com/
    viagra rock
    generic viagra 100mg
    nitrates and viagra
    buy viagra online

  5. ErnestCot

    Your comment is awaiting moderation.

    Nicely put. Thank you!
    https://www.viagrawithoutdoctorbnt.com/
    viagra online doma
    buy viagra online
    viagra in the water
    viagra without a doctor prescription

  6. ErnestCot

    Your comment is awaiting moderation.

    Thanks a lot, Lots of facts!

    https://www.viagrawithoutdoctorntx.com/
    viagra usage directions
    generic viagra online
    buy viagra online canadian health
    cheap viagra

  7. ErnestCot

    Your comment is awaiting moderation.

    Whoa tons of amazing knowledge!
    https://www.genericviagracubarx.com/
    viagra tablets for men
    viagra pills
    viagra and tv commercial
    [url=https://www.viagrawithoutdoctorbnt.com/]buy generic viagra[/url]

  8. ErnestCot

    Your comment is awaiting moderation.

    Wonderful content, Kudos!
    https://www.viagrawithoutdoctorntx.com/
    how long before viagra works
    generic viagra
    is women there a women’s viagra
    [url=https://www.viagrawithoutadoctorsmim.com/]viagra for sale uk[/url]

  9. ErnestCot

    Your comment is awaiting moderation.

    Thanks a lot. Great information!
    https://www.viagrawithoutdoctormsn.com/
    best generic viagra prices
    viagra 100mg
    viagra soup
    viagra online

  10. ErnestCot

    Your comment is awaiting moderation.

    Amazing all kinds of awesome information.
    https://www.viagrawithoutdoctormsn.com/
    what works as well as viagra
    viagra pills
    female viagra alternative
    [url=https://www.genericviagracubarx.com/]generic viagra online[/url]

  11. ErnestCot

    Your comment is awaiting moderation.

    Nicely put. Kudos.
    https://www.genericviagracubarx.com/
    viagra self life
    viagra 100mg
    bying viagra ontario
    [url=https://www.viagrawithoutdoctormsn.com/]viagra for sale uk[/url]

  12. ErnestCot

    Your comment is awaiting moderation.

    Truly tons of excellent tips!
    https://www.viagrawithoutdoctorntx.com/
    viagra for womenhot
    cheap viagra
    quel dose de viagra
    buy viagra online

  13. ErnestCot

    Your comment is awaiting moderation.

    This is nicely said. .
    https://www.genericviagracubarx.com/
    walnuts viagra
    buy viagra online
    cialis vs viagra doseage equivilents
    viagra 100mg

  14. ErnestCot

    Your comment is awaiting moderation.

    You’ve made your point quite effectively..
    https://www.viagrawithoutdoctormsn.com/
    viagra and child conception
    buy generic viagra
    viagra rosa
    buy viagra online

  15. ErnestCot

    Your comment is awaiting moderation.

    Effectively voiced genuinely. .
    https://www.viagrawithoutdoctormsn.com/
    free cialis viagra samples
    buy generic viagra
    kid wins teddybear with viagra shirt
    [url=https://www.viagrawithoutadoctorsmim.com/]viagra pills[/url]

  16. ErnestCot

    Your comment is awaiting moderation.

    Kudos. I like it!
    https://www.genericviagracubarx.com/
    viagra purchase in united states
    viagra without a doctors prescription
    how fast does viagra work
    [url=https://www.genericviagracubarx.com/]viagra for sale uk[/url]

  17. ErnestCot

    Your comment is awaiting moderation.

    You actually revealed this effectively!
    https://www.viagrawithoutadoctorsmim.com/
    viagra without prescription au
    generic viagra
    wild viagra
    viagra without a doctor prescription

  18. ErnestCot

    Your comment is awaiting moderation.

    Excellent advice. Thanks!
    https://www.viagrawithoutdoctorntx.com/
    viagra on line no prescripton
    cheap viagra
    viagra natural substitute
    [url=https://www.viagrawithoutdoctorntx.com/]viagra without a doctors prescription[/url]

  19. ErnestCot

    Your comment is awaiting moderation.

    With thanks! Fantastic information!
    https://www.viagrawithoutdoctorbnt.com/
    cheap viagra alternative
    generic viagra online
    viagra testimonial
    [url=https://www.viagrawithoutadoctorsmim.com/]generic viagra[/url]

  20. ErnestCot

    Your comment is awaiting moderation.

    Amazing lots of superb material!
    https://www.viagrawithoutdoctorntx.com/
    viagra in the uk
    buy generic viagra
    viagra cambridge
    generic viagra online

  21. ErnestCot

    Your comment is awaiting moderation.

    Cheers. A good amount of data!

    https://www.viagrawithoutdoctormsn.com/
    viagra 100mg in croatia
    viagra generic
    generic viagra real
    [url=https://www.viagrawithoutdoctormsn.com/]viagra generic[/url]

  22. ErnestCot

    Your comment is awaiting moderation.

    Cheers! I value this!
    https://www.viagrawithoutadoctorsmim.com/
    viagra 100mg 90 pills
    viagra pills
    who moved my viagra
    generic viagra online

  23. ErnestCot

    Your comment is awaiting moderation.

    Regards. A lot of information.

    https://www.viagrawithoutdoctormsn.com/
    viagra diazide
    buy generic viagra
    different mg of viagra
    buy generic viagra

  24. ErnestCot

    Your comment is awaiting moderation.

    Cheers. I like it.
    https://www.viagrawithoutdoctorntx.com/
    viagra in premies
    generic viagra online
    how to make homemade viagra
    viagra for sale uk

  25. ErnestCot

    Your comment is awaiting moderation.

    Superb postings. Cheers!
    https://www.genericviagracubarx.com/
    female viagra released
    generic viagra 100mg
    free older viagra movies
    generic viagra 100mg

  26. ErnestCot

    Your comment is awaiting moderation.

    You have made your point quite well!!
    https://www.genericviagracubarx.com/
    comparison viagra and levitra
    buy generic viagra
    c-pill buy viagra
    generic viagra online

  27. ErnestCot

    Your comment is awaiting moderation.

    Cheers! Helpful information!
    https://www.viagrawithoutdoctorbnt.com/
    viagra prescriptions charlotte nc
    viagra without a doctor prescription
    taking viagra
    generic viagra online

  28. ErnestCot

    Your comment is awaiting moderation.

    Thanks. I enjoy it.
    https://www.viagrawithoutdoctormsn.com/
    viagra make it bigger
    generic viagra 100mg
    viagra hong
    generic viagra

  29. ErnestCot

    Your comment is awaiting moderation.

    Point effectively utilized!!
    https://www.viagrawithoutdoctormsn.com/
    drug interactions flomax viagra
    viagra 100mg
    addiction to viagra
    viagra for women

  30. ErnestCot

    Your comment is awaiting moderation.

    Regards! Numerous content.

    https://www.genericviagracubarx.com/
    russian man dies after guzzeling viagra
    viagra without a doctor prescription
    one line jokes viagra
    [url=https://www.viagrawithoutdoctormsn.com/]viagra without a doctor prescription[/url]

  31. ErnestCot

    Your comment is awaiting moderation.

    This is nicely expressed! .
    https://www.viagrawithoutdoctorbnt.com/
    does wallgreens sell viagra
    viagra without a doctors prescription
    can viagra 100mg be too much
    viagra online

  32. ErnestCot

    Your comment is awaiting moderation.

    Many thanks, Numerous data.

    https://www.viagrawithoutadoctorsmim.com/
    viagra pulmonary fibrosis
    generic viagra 100mg
    viagra sudden blindness
    buy generic viagra

  33. ErnestCot

    Your comment is awaiting moderation.

    Thanks a lot. Loads of knowledge!

    https://www.genericviagracubarx.com/
    pink viagra germany
    cheap viagra
    buy viagra phuket
    [url=https://www.viagrawithoutdoctorntx.com/]generic viagra 100mg[/url]

  34. ErnestCot

    Your comment is awaiting moderation.

    Wonderful material, Kudos.
    https://www.genericviagracubarx.com/
    viagra paypal
    cheap viagra
    can viagra be taken with ranitidine
    cheap viagra

  35. ErnestCot

    Your comment is awaiting moderation.

    Thank you. I appreciate it!
    https://www.viagrawithoutadoctorsmim.com/
    where is viagra pro manufactures
    viagra for sale uk
    online viagra scams
    [url=https://www.viagrawithoutadoctorsmim.com/]viagra generic[/url]

  36. ErnestCot

    Your comment is awaiting moderation.

    Thanks! I value this.
    https://www.viagrawithoutdoctormsn.com/
    coverage insurance viagra health
    viagra generic
    viagra online canada
    viagra online

  37. ErnestCot

    Your comment is awaiting moderation.

    Really loads of useful facts!
    https://www.viagrawithoutdoctorbnt.com/
    stay up viagra models name
    generic viagra online
    generic viagra vega sildenafil citrate
    viagra generic

  38. ErnestCot

    Your comment is awaiting moderation.

    This is nicely put! .
    https://www.viagrawithoutdoctorbnt.com/
    discounted generic viagra
    viagra generic
    lawsuits viagra heart attacks
    [url=https://www.viagrawithoutdoctorntx.com/]viagra for sale uk[/url]

  39. ErnestCot

    Your comment is awaiting moderation.

    With thanks! I enjoy it.
    https://www.viagrawithoutdoctorntx.com/
    veeline viagra
    viagra pills
    does viagra work
    [url=https://www.viagrawithoutadoctorsmim.com/]viagra for sale uk[/url]

  40. ErnestCot

    Your comment is awaiting moderation.

    Excellent stuff. Regards.
    https://www.viagrawithoutdoctorntx.com/
    louisville commercial viagra
    viagra without a doctors prescription
    generic softtabs viagra
    [url=https://www.viagrawithoutadoctorsmim.com/]viagra without a doctors prescription[/url]

  41. ErnestCot

    Your comment is awaiting moderation.

    Beneficial data. Appreciate it.
    https://www.viagrawithoutdoctormsn.com/
    original use of viagra
    viagra generic
    other products like viagra
    [url=https://www.viagrawithoutadoctorsmim.com/]buy generic viagra[/url]

  42. ErnestCot

    Your comment is awaiting moderation.

    Regards. I value it.
    https://www.viagrawithoutdoctorbnt.com/
    viagra sales statistics
    buy generic viagra
    uprima viagra cialis
    generic viagra 100mg

  43. ErnestCot

    Your comment is awaiting moderation.

    You actually revealed this fantastically!
    https://www.viagrawithoutadoctorsmim.com/
    viagra sales u
    cheap viagra
    battery viagra
    [url=https://www.genericviagracubarx.com/]viagra pills[/url]

  44. ErnestCot

    Your comment is awaiting moderation.

    Wonderful material. Regards.
    https://www.viagrawithoutdoctormsn.com/
    viagra best price on net scam
    viagra pills
    cheap viagra pills
    viagra generic

  45. ErnestCot

    Your comment is awaiting moderation.

    Terrific posts. Cheers!
    https://www.viagrawithoutdoctormsn.com/
    2cialis compare levitra viagra
    generic viagra 100mg
    viagra and cialis together
    [url=https://www.viagrawithoutdoctorbnt.com/]buy viagra online[/url]

  46. ErnestCot

    Your comment is awaiting moderation.

    You explained this adequately!
    https://www.viagrawithoutdoctorntx.com/
    viagra infection
    viagra without a doctor prescription
    math and viagra
    cheap viagra

  47. ErnestCot

    Your comment is awaiting moderation.

    Thanks. Valuable stuff.
    https://www.viagrawithoutdoctormsn.com/
    viagra the latest developments
    buy viagra
    subaction showcomments viagra smile newest
    generic viagra online

  48. ErnestCot

    Your comment is awaiting moderation.

    Terrific material. Thank you!
    https://www.viagrawithoutdoctorbnt.com/
    viagra with alcohol
    viagra online
    viagra alternatives cialis
    cheap viagra

  49. ErnestCot

    Your comment is awaiting moderation.

    Very well spoken really. !
    https://www.viagrawithoutdoctorbnt.com/
    launch of viagra
    buy generic viagra
    viagra and masturbation
    viagra for women

  50. ErnestCot

    Your comment is awaiting moderation.

    Nicely put. Thanks!
    https://www.viagrawithoutdoctorbnt.com/
    discont viagra
    generic viagra online
    aurochem viagra
    [url=https://www.viagrawithoutdoctorbnt.com/]viagra generic[/url]

  51. ErnestCot

    Your comment is awaiting moderation.

    Amazing many of amazing knowledge!
    https://www.viagrawithoutdoctorbnt.com/
    viagra sweden
    buy viagra online
    free viagra coupon
    [url=https://www.viagrawithoutdoctorbnt.com/]viagra 100mg[/url]

  52. ErnestCot

    Your comment is awaiting moderation.

    With thanks. Plenty of stuff!

    https://www.viagrawithoutdoctorntx.com/
    viagra effect porn photos
    buy generic viagra
    viagra ruined sex life
    buy generic viagra

  53. ErnestCot

    Your comment is awaiting moderation.

    Nicely put. Cheers.
    https://www.viagrawithoutadoctorsmim.com/
    generic prescription viagra pages edinburgh sample
    generic viagra 100mg
    homeopathic viagra
    buy viagra

  54. ErnestCot

    Your comment is awaiting moderation.

    Helpful material. Appreciate it.
    https://www.viagrawithoutdoctorntx.com/
    best price viagra cialis
    generic viagra
    online viagra pills
    [url=https://www.viagrawithoutdoctorbnt.com/]viagra for sale uk[/url]

  55. ErnestCot

    Your comment is awaiting moderation.

    Seriously all kinds of superb material!
    https://www.genericviagracubarx.com/
    online medicine rx cialis viagra order
    viagra 100mg
    the story of viagra
    buy viagra online

  56. ErnestCot

    Your comment is awaiting moderation.

    Superb facts. Appreciate it.
    https://www.genericviagracubarx.com/
    viagra paxil lasting
    viagra pills
    viagra lowest price
    generic viagra 100mg

  57. ErnestCot

    Your comment is awaiting moderation.

    Kudos! Quite a lot of posts.

    https://www.genericviagracubarx.com/
    viagra and psychogenic ed
    viagra pills
    buy viagra no rx canada
    buy viagra online

  58. ErnestCot

    Your comment is awaiting moderation.

    Incredible quite a lot of wonderful data.
    https://www.viagrawithoutadoctorsmim.com/
    discount bulk viagra india
    viagra 100mg
    viagra effect women
    [url=https://www.genericviagracubarx.com/]viagra for sale uk[/url]

  59. ErnestCot

    Your comment is awaiting moderation.

    Truly loads of very good facts.
    https://www.viagrawithoutdoctormsn.com/
    viagra slogans
    viagra for women
    viagra helps with pulmonary hypertension
    viagra 100mg

  60. ErnestCot

    Your comment is awaiting moderation.

    You actually mentioned that adequately!
    https://www.viagrawithoutdoctorntx.com/
    viagra lessen side effects
    generic viagra 100mg
    boost as viagra
    [url=https://www.viagrawithoutadoctorsmim.com/]cheap viagra[/url]

  61. ErnestCot

    Your comment is awaiting moderation.

    You actually said this effectively!
    https://www.viagrawithoutadoctorsmim.com/
    viagra experiment
    buy viagra
    canadian pharmacy viagra brand
    [url=https://www.viagrawithoutadoctorsmim.com/]buy viagra online[/url]

  62. ErnestCot

    Your comment is awaiting moderation.

    With thanks. I appreciate it!
    https://www.viagrawithoutdoctormsn.com/
    viagra comparison with cialis
    viagra for sale uk
    puscifer v is for viagra
    [url=https://www.viagrawithoutadoctorsmim.com/]viagra online[/url]

  63. ErnestCot

    Your comment is awaiting moderation.

    You actually revealed this really well.
    https://www.genericviagracubarx.com/
    fda approved cialis female viagra
    viagra generic
    price viagra walgreens
    viagra for sale uk

  64. ErnestCot

    Your comment is awaiting moderation.

    Thank you. Good information.
    https://www.viagrawithoutdoctormsn.com/
    readily available alternatives to viagra
    generic viagra 100mg
    viagra for children
    viagra online

  65. ErnestCot

    Your comment is awaiting moderation.

    With thanks, Numerous info.

    http://viagrawithoutadoctormsn.com/
    buy discount viagra online a href
    buy generic viagra
    viagra info
    cheap viagra

  66. ErnestCot

    Your comment is awaiting moderation.

    Appreciate it. An abundance of info.

    http://viagrawithoutadoctorsntx.com/
    viagra and lisinopril
    viagra generic
    viagra wiki
    [url=http://viagrapego.com/]viagra online[/url]

  67. ErnestCot

    Your comment is awaiting moderation.

    Reliable posts. With thanks!
    http://viagrawithoutadoctormsn.com/
    viagra cialis better
    viagra generic
    buying viagra in london
    [url=http://viagrawithoutadoctorsntx.com/]viagra without a doctor prescription[/url]

  68. ErnestCot

    Your comment is awaiting moderation.

    Amazing posts, Thanks a lot.
    http://viagrawithoutadoctorsntx.com/
    viagra pin up girl
    viagra generic
    xtc viagra
    [url=http://viagrawithoutadoctorsntx.com/]buy generic viagra[/url]

  69. ErnestCot

    Your comment is awaiting moderation.

    Many thanks. Valuable stuff!
    http://viagrawithoutadoctormsn.com/
    professional viagra discussions b ogs
    generic viagra online
    taking viagra after transient ischemic attack
    [url=http://viagrawithoutadoctorsntx.com/]cheap viagra[/url]

  70. ErnestCot

    Your comment is awaiting moderation.

    You actually revealed it really well!
    http://viagrawithoutadoctorsntx.com/
    natural foods that sub viagra affects
    buy generic viagra
    viagra young healthy male
    viagra pills

  71. ErnestCot

    Your comment is awaiting moderation.

    Regards, An abundance of information.

    http://viagrapego.com/
    denny’s restrautant in trouble over viagra
    viagra for sale uk
    buy discount viagra online a href
    viagra without a doctor prescription

  72. ErnestCot

    Your comment is awaiting moderation.

    Reliable content. Appreciate it!
    http://viagrawithoutadoctorsntx.com/
    information drug viagra
    viagra generic
    using viagra to last longer
    viagra online

Leave a Reply

Your email address will not be published. Required fields are marked *