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Consolidated Statements of Income (unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES:        
Revenue $ 33,545,016 $ 35,927,715 $ 66,124,389 $ 73,709,717
OPERATING EXPENSES:        
Compensation and related costs 15,624,551 14,572,121 31,593,932 28,959,595
General and administrative 3,543,527 2,822,528 6,788,059 5,786,200
Sales and marketing 1,447,266 1,302,040 2,817,982 2,511,526
Mutual fund administration 849,676 881,487 1,710,717 1,898,906
Total operating expenses 21,465,020 19,578,176 42,910,690 39,156,227
NET OPERATING INCOME 12,079,996 16,349,539 23,213,699 34,553,490
Investment income, net 6,519,596 3,565,669 20,804,473 2,005,946
INCOME BEFORE TAXES 18,599,592 19,915,208 44,018,172 36,559,436
Income tax expense 4,442,023 5,017,185 10,304,756 8,719,285
NET INCOME 14,157,569 14,898,023 33,713,416 27,840,151
Net income attributable to redeemable noncontrolling interest 962,417 527,655 3,585,622 480,323
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 13,195,152 $ 14,370,368 $ 30,127,794 $ 27,359,828
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS        
Basic (USD per share) $ 3.79 $ 4.08 $ 8.64 $ 7.81
Diluted (USD per share) $ 3.79 $ 4.08 $ 8.64 $ 7.81
Weighted average shares outstanding        
Basic (in shares) 3,478,307 3,518,665 3,486,032 3,503,379
Diluted (in shares) 3,478,307 3,519,816 3,486,504 3,505,136
Investment advisory        
REVENUES:        
Revenue $ 31,510,672 $ 33,526,273 $ 62,023,389 $ 68,157,563
Mutual fund administration, net        
REVENUES:        
Revenue $ 2,034,344 $ 2,401,442 $ 4,101,000 $ 5,552,154