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Consolidated Statements of Income (Unaudited) (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES:        
Investment advisory $ 14,801,457 $ 11,933,346 $ 29,239,325 $ 23,413,871
Mutual fund administration, net 2,026,066 1,820,889 4,037,946 3,731,272
Total revenue 16,827,523 13,754,235 33,277,271 27,145,143
OPERATING EXPENSES:        
Compensation and related costs 8,949,286 7,829,875 18,114,057 15,611,553
General and administrative 1,067,883 871,754 2,082,452 1,683,062
Sales and marketing 267,903 199,632 500,167 338,020
Third party distribution 230,312 258,880 480,981 517,655
Mutual fund administration 461,093 492,181 800,029 964,336
Total operating expenses 10,976,477 9,652,322 21,977,686 19,114,626
NET OPERATING INCOME 5,851,046 4,101,913 11,299,585 8,030,517
Investment return 90,362 (1,183,703) 461,143 (938,786)
INCOME BEFORE TAXES 5,941,408 2,918,210 11,760,728 7,091,731
Income tax provision (2,212,519) (1,088,352) (4,400,104) (2,591,553)
NET INCOME $ 3,728,889 $ 1,829,858 $ 7,360,624 $ 4,500,178
Earnings per share        
Basic $ 1.26 $ 0.66 $ 2.54 $ 1.64
Diluted $ 1.26 $ 0.66 $ 2.54 $ 1.64
Weighted average shares outstanding        
Basic 2,967,002 2,773,533 2,902,788 2,746,455
Diluted 2,967,002 2,774,318 2,902,788 2,748,775