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Significant Accounting Policies - Revenue From Contracts with Customers (Details) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Disaggregation of Revenue [Line Items]      
Revenue $ 136,624,380 $ 145,627,748 $ 145,201,729
Investment advisory      
Disaggregation of Revenue [Line Items]      
Revenue 128,009,409 135,317,805 132,688,462
Mutual fund administration revenue, net      
Disaggregation of Revenue [Line Items]      
Revenue 8,614,971 10,309,943 12,513,267
Proprietary funds      
Disaggregation of Revenue [Line Items]      
Revenue 105,942,281 115,538,920 116,746,848
Proprietary funds | Investment advisory      
Disaggregation of Revenue [Line Items]      
Revenue 97,327,310 105,228,977 104,233,581
Proprietary funds | Mutual fund administration revenue, net      
Disaggregation of Revenue [Line Items]      
Revenue 8,614,971 10,309,943 12,513,267
Sub-advised funds and separately managed accounts      
Disaggregation of Revenue [Line Items]      
Revenue 30,682,099 30,088,828 28,454,881
Sub-advised funds and separately managed accounts | Investment advisory      
Disaggregation of Revenue [Line Items]      
Revenue 30,682,099 30,088,828 28,454,881
Sub-advised funds and separately managed accounts | Mutual fund administration revenue, net      
Disaggregation of Revenue [Line Items]      
Revenue $ 0 $ 0 $ 0