This article appears in the March 2021 issue of Advisor’s Edge Early in the pandemic, an aphorism from the last financial crisis gained new life and was soon being applied to problems from business supply chains to reshaping major economies. “Never allow a good crisis to go to waste,” said Barack Obama’s then chief of staff, Rahm Emanuel, in 2009. He repeated the line in March 2020, and others have followed. Advisory firms, asset managers and regulators have all been examining their responses to pandemic lockdowns that upended traditional business practices. Many are finding silver linings in how they quickly executed changes that might otherwise have taken years.