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Consolidated Statements of Income - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
REVENUES:      
Total revenue $ 145,627,748 $ 145,201,729 $ 136,103,075
OPERATING EXPENSES:      
Compensation and related costs 53,853,670 54,855,972 52,264,843
General and administrative 11,648,925 14,036,681 12,621,831
Sales and marketing 5,242,848 4,994,525 4,263,143
Mutual fund administration 3,625,898 4,313,185 3,884,655
Total operating expenses 74,371,341 78,200,363 73,034,472
NET OPERATING INCOME 71,256,407 67,001,366 63,068,603
Investment income (loss), net (6,272,678) 14,017,593 7,517,398
Gain on sale of subsidiary 0 0 2,675,766
INCOME BEFORE TAXES 64,983,729 81,018,959 73,261,767
Income tax expense (18,669,341) (29,417,290) (26,667,635)
NET INCOME 46,314,388 51,601,669 46,594,132
Net loss (income) attributable to redeemable noncontrolling interest 1,061,441 (1,612,712) (542,209)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 47,375,829 $ 49,988,957 $ 46,051,923
Earnings per share attributable to common shareholders      
Basic (in dollars per share) $ 13.49 $ 14.49 $ 13.52
Diluted (in dollars per share) $ 13.48 $ 14.48 $ 13.49
Weighted average shares outstanding      
Basic (in shares) 3,512,470 3,448,824 3,407,408
Diluted (in shares) 3,514,528 3,451,838 3,413,391
Investment advisory      
REVENUES:      
Total revenue $ 135,317,805 $ 132,688,462 $ 121,645,149
Mutual fund administration, net      
REVENUES:      
Total revenue $ 10,309,943 $ 12,513,267 $ 14,457,926