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Consolidated Statements of Cash Flows (unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 9,279,879 $ 9,512,622
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 162,378 106,462
Stock-based compensation 2,067,099 1,968,572
(Increase)/decrease in accounts receivable 1,865,257 (211,141)
Change in current income taxes 937,839 (511,672)
Change in deferred income taxes (155,206) (36,180)
Net investment income (703,399) (1,337,887)
Decrease in accrued incentive compensation (13,478,069) (9,765,792)
Increase in deferred compensation 2,283,490 4,408,762
Excess income tax benefit from stock-based compensation (4,303,621) (1,343,455)
Income tax benefit from dividends paid on restricted stock (925,000) 0
Other changes in assets and liabilities (1,056,871) (664,981)
Net cash provided by (used in) operating activities (4,026,224) 2,125,310
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (106,654) (565,144)
Cost of seed capital investments purchased (6,133,800) (4,292,263)
Proceeds from sale of seed capital investments 6,500,000 0
Net cash provided by (used in) investing activities 259,546 (4,857,407)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Value of shares withheld related to employee tax withholding (8,774,006) (2,891,523)
Excess income tax benefit from stock-based compensation 4,303,621 1,343,455
Income tax benefit from dividends paid on restricted stock (925,000) 0
Proceeds from (Payments to) Noncontrolling Interests (825,060) 0
Net cash used in financing activities (4,370,445) (1,548,068)
CASH AND CASH EQUIVALENTS    
Net change during the period (8,137,123) (4,280,165)
At beginning of period 57,474,777 35,777,140
At end of period 49,337,654 31,496,975
Supplemental cash flow information:    
Income taxes paid 4,389,143 5,519,528
Supplemental disclosure of non-cash transactions:    
Common stock issued as incentive compensation 3,879,431 3,826,458
Charitable donation of corporate investments 1,729,735 1,401,202
Cumulative-effect adjustment from the adoption of ASU 2015-02 (Note 2) 4,031,756 0
Net issuance of ETF shares for marketable securities $ 1,077,565 $ 0