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Consolidated Statements of Income (unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES:    
Investment advisory $ 31,833,471 $ 26,686,785
Mutual fund administration, net 3,300,658 3,770,705
Total revenue 35,134,129 30,457,490
OPERATING EXPENSES:    
Compensation and related costs 13,679,149 12,398,708
General and administrative 3,488,115 2,485,161
Sales and marketing 1,129,719 993,122
Mutual fund administration 1,000,616 876,066
Total operating expenses 19,297,599 16,753,057
NET OPERATING INCOME 15,836,530 13,704,433
Investment income, net 3,786,188 747,222
INCOME BEFORE TAXES 19,622,718 14,451,655
Income tax expense (6,497,270) (5,171,776)
NET INCOME 13,125,448 9,279,879
Less: Net income attributable to redeemable noncontrolling interest (368,553) (14,216)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 12,756,895 $ 9,265,663
Earnings per share attributable to common shareholders    
Basic (USD per share) $ 3.72 $ 2.73
Diluted (USD per share) $ 3.71 $ 2.73
Weighted average shares outstanding    
Basic (in shares) 3,428,888 3,388,743
Diluted (in shares) 3,435,329 3,393,396