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Consolidated Statements of Shareholders' Equity - USD ($)
Total
Common Stock
Deferred Equity Compensation
Retained Earnings
Beginning Balance (in shares) at Dec. 31, 2016   3,411,556    
Beginning Balance at Dec. 31, 2016 $ 139,224,155 $ 109,293,803 $ (17,728,106) $ 47,658,458
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of restricted stock grants (in shares)   57,350    
Issuance of restricted stock grants 0 $ 8,454,411 (8,454,411)  
Amortization of restricted stock grants 6,871,284   6,871,284  
Issuance of stock grants (in shares)   19,219    
Issuance of stock grants 3,892,424 $ 3,892,424    
Issuance of common stock related to 401k plan match (in shares)   8,478    
Issuance of common stock related to 401k plan match 1,710,785 $ 1,710,785    
Shares withheld related to employee tax withholding (shares)   (24,425)    
Shares withheld related to employee tax withholding (4,966,042) $ (4,966,042)    
Forfeiture of restricted stock grants (in shares)   (1,750)    
Forfeiture of restricted stock grants 0 $ (176,270) 176,270  
Cash dividend paid of $6.00 in 2016, $7.00 in 2017, and $8.00 in 2018 per share respectively (24,277,743)     (24,277,743)
Net income attributable to parent 49,988,957     49,988,957
Ending Balance (in shares) at Dec. 31, 2017   3,470,428    
Ending Balance at Dec. 31, 2017 172,443,820 $ 118,209,111 (19,134,963) 73,369,672
Beginning balances attributable to redeemable noncontrolling interests at Dec. 31, 2016 13,840,688      
Increase (Decrease) in Temporary Equity [Roll Forward]        
Net (loss) income attributable to redeemable noncontrolling interests 1,612,712      
Net subscriptions of consolidated funds 4,623,406      
Ending balances attributable to redeemable noncontrolling interests at Dec. 31, 2017 20,076,806      
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of restricted stock grants (in shares)   73,025    
Issuance of restricted stock grants 0 $ 13,654,592 (13,654,592)  
Amortization of restricted stock grants 6,664,875   6,664,875  
Issuance of stock grants (in shares)   20,153    
Issuance of stock grants 4,109,197 $ 4,109,197    
Issuance of common stock related to 401k plan match (in shares)   11,967    
Issuance of common stock related to 401k plan match 2,231,735 $ 2,231,735    
Shares withheld related to employee tax withholding (shares)   (9,918)    
Shares withheld related to employee tax withholding (1,925,700) $ (1,925,700)    
Forfeiture of restricted stock grants (in shares)   (20,900)    
Forfeiture of restricted stock grants 0 $ (4,116,626) 4,116,626  
Repurchases of common stock (in shares)   (45,470)    
Repurchases of common stock (7,229,249) $ (7,229,249)    
Cash dividend paid of $6.00 in 2016, $7.00 in 2017, and $8.00 in 2018 per share respectively (28,094,564)     (28,094,564)
Net income attributable to parent $ 47,375,829     47,375,829
Ending Balance (in shares) at Dec. 31, 2018 3,499,285 3,499,285    
Ending Balance at Dec. 31, 2018 $ 195,575,943 $ 124,933,060 (22,008,054) 92,650,937
Increase (Decrease) in Temporary Equity [Roll Forward]        
Net (loss) income attributable to redeemable noncontrolling interests (1,061,441)      
Net subscriptions of consolidated funds 27,219,682      
Net deconsolidations of Company sponsored investments 16,444,640      
Ending balances attributable to redeemable noncontrolling interests at Dec. 31, 2018 62,679,687      
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of restricted stock grants (in shares)   53,969    
Issuance of restricted stock grants 0 $ 7,471,799 (7,471,799)  
Amortization of restricted stock grants 6,584,485   6,584,485  
Issuance of stock grants (in shares)   24,048    
Issuance of stock grants 3,655,296 $ 3,655,296    
Issuance of common stock related to 401k plan match (in shares)   17,651    
Issuance of common stock related to 401k plan match 2,496,936 $ 2,496,936    
Shares withheld related to employee tax withholding (shares)   (9,928)    
Shares withheld related to employee tax withholding (1,390,482) $ (1,390,482)    
Forfeiture of restricted stock grants (in shares)   (14,200)    
Forfeiture of restricted stock grants 0 $ (2,563,478) 2,563,478  
Repurchases of common stock (in shares)   (276,153)    
Repurchases of common stock (38,749,654) $ (38,749,654)    
Cash dividend paid of $6.00 in 2016, $7.00 in 2017, and $8.00 in 2018 per share respectively (30,275,867)     (30,275,867)
Net income attributable to parent $ 54,959,024     54,959,024
Ending Balance (in shares) at Dec. 31, 2019 3,294,672 3,294,672    
Ending Balance at Dec. 31, 2019 $ 192,855,681 $ 95,853,477 $ (20,331,890) $ 117,334,094
Increase (Decrease) in Temporary Equity [Roll Forward]        
Net (loss) income attributable to redeemable noncontrolling interests 4,795,295      
Net subscriptions of consolidated funds 8,095,940      
Net deconsolidations of Company sponsored investments (61,392,098)      
Ending balances attributable to redeemable noncontrolling interests at Dec. 31, 2019 $ 14,178,824