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Consolidated Statements of Income (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES:        
Investment advisory $ 21,940,096 $ 17,090,321 $ 41,850,903 $ 32,944,314
Mutual fund administration, net 3,500,117 2,823,780 6,778,406 5,345,162
Total revenue 25,440,213 19,914,101 48,629,309 38,289,476
OPERATING EXPENSES:        
Compensation and related costs 12,725,289 10,357,680 24,597,243 19,871,092
General and administrative 1,715,833 1,421,116 3,297,188 2,813,584
Sales and marketing 591,157 563,516 1,083,038 997,804
Mutual fund administration 734,329 420,098 1,406,450 827,691
Total operating expenses 15,766,608 12,762,410 30,383,919 24,510,171
NET OPERATING INCOME 9,673,605 7,151,691 18,245,390 13,779,305
Investment income 1,321,914 728,725 1,838,442 2,553,384
INCOME BEFORE TAXES 10,995,519 7,880,416 20,083,832 16,332,689
Income tax provision (4,067,485) (3,168,871) (7,406,199) (6,290,412)
NET INCOME $ 6,928,034 $ 4,711,545 $ 12,677,633 $ 10,042,277
Earnings per share        
Basic (USD per share) $ 2.17 $ 1.45 $ 3.98 $ 3.12
Diluted (USD per share) $ 2.12 $ 1.45 $ 3.90 $ 3.12
Weighted average shares outstanding        
Basic (in shares) 3,198,231 3,248,197 3,182,175 3,222,977
Diluted (in shares) 3,268,296 3,248,197 3,254,672 3,222,977