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Consolidated Statements of Income (unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES:        
Revenue $ 34,592,372 $ 37,471,647 $ 100,716,763 $ 111,181,363
OPERATING EXPENSES:        
Compensation and related costs 16,071,176 15,441,623 47,665,109 44,401,217
General and administrative 3,543,236 2,962,220 10,331,295 8,748,419
Sales and marketing 1,443,328 1,281,856 4,261,311 3,793,382
Mutual fund administration 778,093 870,103 2,488,809 2,769,009
Total operating expenses 21,835,833 20,555,802 64,746,524 59,712,027
NET OPERATING INCOME 12,756,539 16,915,845 35,970,239 51,469,336
Investment income, net 2,822,947 5,210,332 23,627,419 7,216,278
INCOME BEFORE TAXES 15,579,486 22,126,177 59,597,658 58,685,614
Income tax expense 4,062,849 5,726,807 14,367,605 14,446,092
NET INCOME 11,516,637 16,399,370 45,230,053 44,239,522
Net income attributable to redeemable noncontrolling interest 99,177 1,191,317 3,684,799 1,671,640
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 11,417,460 $ 15,208,053 $ 41,545,254 $ 42,567,882
Earnings per share attributable to common shareholders        
Basic (USD per share) $ 3.35 $ 4.31 $ 12.00 $ 12.12
Diluted (USD per share) $ 3.35 $ 4.31 $ 12.00 $ 12.11
Weighted average shares outstanding        
Basic (in shares) 3,411,632 3,530,586 3,460,959 3,512,547
Diluted (in shares) 3,411,632 3,532,346 3,461,159 3,514,517
Investment advisory        
REVENUES:        
Revenue $ 32,498,101 $ 34,928,205 $ 94,521,491 $ 103,085,767
Mutual fund administration revenue, net        
REVENUES:        
Revenue $ 2,094,271 $ 2,543,442 $ 6,195,272 $ 8,095,596