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Consolidated Statements of Income - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES:        
Investment advisory $ 27,475,552 $ 23,541,029 $ 79,894,964 $ 65,391,932
Mutual fund administration, net 3,948,373 3,917,464 12,229,555 10,695,870
Total revenue 31,423,925 27,458,493 92,124,519 76,087,802
OPERATING EXPENSES:        
Compensation and related costs 12,941,017 13,370,572 38,393,223 37,967,815
General and administrative 2,389,339 1,801,668 6,966,452 5,098,856
Sales and marketing 1,107,989 564,969 2,878,141 1,648,007
Mutual fund administration 844,563 737,784 2,429,593 2,144,234
Total operating expenses 17,282,908 16,474,993 50,667,409 46,858,912
NET OPERATING INCOME 14,141,017 10,983,500 41,457,110 29,228,890
Investment income (loss) (3,512,134) (1,005,915) (1,710,111) 832,527
INCOME BEFORE TAXES 10,628,883 9,977,585 39,746,999 30,061,417
Income tax expense (3,900,423) (3,627,005) (14,327,795) (11,033,204)
NET INCOME $ 6,728,460 $ 6,350,580 $ 25,419,204 $ 19,028,213
Earnings per share        
Basic (USD per share) $ 2.04 $ 1.98 $ 7.78 $ 5.96
Diluted (USD per share) $ 1.99 $ 1.94 $ 7.59 $ 5.84
Weighted average shares outstanding        
Basic (in shares) 3,297,337 3,205,904 3,268,037 3,190,171
Diluted (in shares) 3,379,200 3,280,762 3,348,196 3,260,264