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Consolidated Statements of Income (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES:      
Investment advisory $ 57,783,131 $ 56,016,708 $ 49,248,586
Mutual fund administration, net 8,821,659 7,821,766 7,455,537
Total revenue 66,604,790 63,838,474 56,704,123
OPERATING EXPENSES:      
Compensation and related costs 33,868,225 32,874,606 30,990,572
General and administrative 4,661,459 4,425,031 3,408,981
Sales and marketing 1,389,743 1,145,229 853,851
Third party distribution 699,963 828,490 1,036,231
Mutual fund administration 1,556,909 1,504,005 1,941,160
Total operating expenses 42,176,299 40,777,361 38,230,795
NET OPERATING INCOME 24,428,491 23,061,113 18,473,328
Investment income (loss) 1,654,124 (66,664) 1,205,194
INCOME BEFORE TAXES 26,082,615 22,994,449 19,678,522
Income tax provision (9,151,723) (8,641,481) (7,276,081)
NET INCOME $ 16,930,892 $ 14,352,968 $ 12,402,441
Earnings per share      
Basic $ 5.44 $ 4.86 $ 4.48
Diluted $ 5.44 $ 4.86 $ 4.48
Weighted average shares outstanding      
Basic 3,111,328 2,951,751 2,766,741
Diluted 3,111,328 2,951,751 2,767,895