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Consolidated Statements of Income - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES:      
Investment advisory $ 107,915,557 $ 89,900,834 $ 69,966,377
Mutual fund administration, net 16,510,429 14,657,931 11,465,327
Total revenue 124,425,986 104,558,765 81,431,704
OPERATING EXPENSES:      
Compensation and related costs 47,951,039 43,892,336 40,851,722
General and administrative 10,245,866 8,099,410 6,042,781
Sales and marketing 4,179,064 2,222,382 2,098,915
Mutual fund administration 3,330,265 2,884,495 1,756,366
Total operating expenses 65,706,234 57,098,623 50,749,784
NET OPERATING INCOME 58,719,752 47,460,142 30,681,920
Investment income (loss) (736,590) 2,905,794 4,950,245
INCOME BEFORE TAXES 57,983,162 50,365,936 35,632,165
Income tax expense (20,908,665) (18,785,005) (13,477,337)
NET INCOME $ 37,074,497 $ 31,580,931 $ 22,154,828
Earnings per share      
Basic (per share) $ 11.31 $ 9.88 $ 7.05
Diluted (per share) $ 11.03 $ 9.67 $ 6.94
Weighted average shares outstanding      
Basic (in shares) 3,277,920 3,196,127 3,142,083
Diluted (in shares) 3,359,786 3,266,168 3,194,263