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Consolidated Statements of Income (Unaudited) (USD $)
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES:        
Investment advisory $ 14,619,221 $ 13,465,140 $ 43,095,368 $ 42,704,464
Mutual fund administration, net 2,240,386 1,904,733 6,539,314 5,942,680
Total revenue 16,859,607 15,369,873 49,634,682 48,647,144
OPERATING EXPENSES:        
Compensation and related costs 8,725,570 7,968,737 25,591,782 26,082,794
General and administrative 1,151,028 1,060,295 3,386,471 3,142,747
Sales and marketing 354,991 267,224 997,941 767,391
Third party distribution 207,453 180,226 559,159 661,208
Mutual fund administration 390,345 449,820 1,218,040 1,249,849
Total operating expenses 10,829,387 9,926,302 31,753,393 31,903,989
NET OPERATING INCOME 6,030,220 5,443,571 17,881,289 16,743,155
Investment return 620,600 (1,309,169) 1,423,899 (848,026)
INCOME BEFORE TAXES 6,650,820 4,134,402 19,305,188 15,895,129
Income tax provision (2,484,034) (1,595,174) (7,198,952) (5,995,278)
NET INCOME $ 4,166,786 $ 2,539,228 $ 12,106,236 $ 9,899,851
Earnings per share $ 1.32 $ 0.84 $ 3.91 $ 3.37
Weighted average shares outstanding 3,153,585 3,005,504 3,095,409 2,937,403