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Consolidated Statements of Income - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES:        
Investment advisory $ 27,018,876 $ 21,940,096 $ 52,419,412 $ 41,850,903
Mutual fund administration, net 4,363,311 3,500,117 8,281,182 6,778,406
Total revenue 31,382,187 25,440,213 60,700,594 48,629,309
OPERATING EXPENSES:        
Compensation and related costs 12,667,426 12,725,289 25,452,206 24,597,243
General and administrative 2,583,567 1,715,833 4,577,113 3,297,188
Sales and marketing 1,160,451 591,157 1,770,152 1,083,038
Mutual fund administration 848,657 734,329 1,585,030 1,406,450
Total operating expenses 17,260,101 15,766,608 33,384,501 30,383,919
NET OPERATING INCOME 14,122,086 9,673,605 27,316,093 18,245,390
Investment income 457,340 1,321,914 1,802,023 1,838,442
INCOME BEFORE TAXES 14,579,426 10,995,519 29,118,116 20,083,832
Income tax expense (5,401,304) (4,067,485) (10,427,372) (7,406,199)
NET INCOME $ 9,178,122 $ 6,928,034 $ 18,690,744 $ 12,677,633
Earnings per share        
Basic (USD per share) $ 2.79 $ 2.17 $ 5.75 $ 3.98
Diluted (USD per share) $ 2.73 $ 2.12 $ 5.61 $ 3.90
Weighted average shares outstanding        
Basic (in shares) 3,287,751 3,198,231 3,253,144 3,182,175
Diluted (in shares) 3,367,280 3,268,296 3,331,521 3,254,672