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Significant Accounting Policies - Revenues From Contracts with Customers (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Disaggregation of Revenue [Line Items]        
Revenue $ 28,248,929 $ 33,545,016 $ 60,174,674 $ 66,124,389
Investment advisory        
Disaggregation of Revenue [Line Items]        
Revenue 26,698,993 31,510,672 56,856,673 62,023,389
Mutual fund administration revenue, net        
Disaggregation of Revenue [Line Items]        
Revenue 1,549,936 2,034,344 3,318,001 4,101,000
Proprietary funds        
Disaggregation of Revenue [Line Items]        
Revenue 21,272,678 26,369,713 46,495,306 52,016,246
Proprietary funds | Investment advisory        
Disaggregation of Revenue [Line Items]        
Revenue 19,722,742 24,335,369 43,177,305 47,915,246
Proprietary funds | Mutual fund administration revenue, net        
Disaggregation of Revenue [Line Items]        
Revenue 1,549,936 2,034,344 3,318,001 4,101,000
Sub-advised funds and separately managed accounts        
Disaggregation of Revenue [Line Items]        
Revenue 6,976,251 7,175,303 13,679,368 14,108,143
Sub-advised funds and separately managed accounts | Investment advisory        
Disaggregation of Revenue [Line Items]        
Revenue 6,976,251 7,175,303 13,679,368 14,108,143
Sub-advised funds and separately managed accounts | Mutual fund administration revenue, net        
Disaggregation of Revenue [Line Items]        
Revenue $ 0 $ 0 $ 0 $ 0