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Consolidated Statements of Income (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES:      
Investment advisory $ 69,966,377 $ 57,783,131 $ 56,016,708
Mutual fund administration, net 11,465,327 8,874,177 7,878,556
Total revenue 81,431,704 66,657,308 63,895,264
OPERATING EXPENSES:      
Compensation and related costs 40,851,722 33,868,225 32,874,606
General and administrative 6,042,781 4,986,559 4,737,831
Sales and marketing 1,388,792 1,064,643 832,429
Third party distribution 710,123 752,481 885,280
Mutual fund administration 1,756,366 1,556,909 1,504,005
Total operating expenses 50,749,784 42,228,817 40,834,151
NET OPERATING INCOME 30,681,920 24,428,491 23,061,113
Investment income (loss) 4,950,245 1,654,124 (66,664)
INCOME BEFORE TAXES 35,632,165 26,082,615 22,994,449
Income tax provision (13,477,337) (9,151,723) (8,641,481)
NET INCOME $ 22,154,828 $ 16,930,892 $ 14,352,968
Earnings per share      
Basic (per share) $ 7.05 $ 5.44 $ 4.86
Diluted (per share) $ 6.94 $ 5.44 $ 4.86
Weighted average shares outstanding      
Basic (in shares) 3,142,083 3,111,328 2,951,751
Diluted (in shares) 3,194,263 3,111,328 2,951,751