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Consolidated Statements of Income (unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES:    
Investment advisory $ 26,686,785 $ 25,400,536
Mutual fund administration, net 3,770,705 3,917,871
Total revenue 30,457,490 29,318,407
OPERATING EXPENSES:    
Compensation and related costs 12,398,708 12,784,781
General and administrative 2,485,161 1,993,547
Sales and marketing 993,122 609,700
Mutual fund administration 876,066 736,373
Total operating expenses 16,753,057 16,124,401
NET OPERATING INCOME 13,704,433 13,194,006
Investment income 747,222 1,344,683
INCOME BEFORE TAXES 14,451,655 14,538,689
Income tax expense (5,171,776) (5,026,067)
NET INCOME 9,279,879 9,512,622
Less: Net income attributable to redeemable noncontrolling interest (14,216) 0
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 9,265,663 $ 9,512,622
Earnings per share attributable to common shareholders    
Basic (USD per share) $ 2.73 $ 2.96
Diluted (USD per share) $ 2.73 $ 2.89
Weighted average shares outstanding    
Basic (in shares) 3,388,743 3,218,154
Diluted (in shares) 3,393,396 3,296,168