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Consolidated Statements of Income (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES:      
Investment advisory $ 56,016,708 $ 49,248,586 $ 37,472,407
Mutual fund administration, net 7,821,766 7,455,537 6,089,979
Total revenue 63,838,474 56,704,123 43,562,386
OPERATING EXPENSES:      
Compensation and related costs 32,874,606 30,990,572 24,113,631
General and administrative 4,425,031 3,408,981 3,133,359
Sales and marketing 1,145,229 853,851 751,040
Third party distribution 828,490 1,036,231 1,112,460
Mutual fund administration 1,504,005 1,941,160 2,339,544
Total operating expenses 40,777,361 38,230,795 31,450,034
NET OPERATING INCOME 23,061,113 18,473,328 12,112,352
Investment return (66,664) 1,205,194 5,398,636
INCOME BEFORE TAXES 22,994,449 19,678,522 17,510,988
Income tax provision (8,641,481) (7,276,081) (6,137,045)
NET INCOME $ 14,352,968 $ 12,402,441 $ 11,373,943
Earnings per share      
Basic $ 4.86 $ 4.48 $ 4.40
Diluted $ 4.86 $ 4.48 $ 4.40
Weighted average shares outstanding      
Basic 2,951,751 2,766,741 2,582,998
Diluted 2,951,751 2,767,895 2,587,751