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Significant Accounting Policies - Revenue From Contracts with Customers (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Disaggregation of Revenue [Line Items]      
Revenue $ 126,387,718 $ 136,624,380 $ 145,627,748
Investment advisory      
Disaggregation of Revenue [Line Items]      
Revenue 119,125,230 128,009,409 135,317,805
Mutual fund administration revenue, net      
Disaggregation of Revenue [Line Items]      
Revenue 7,262,488 8,614,971 10,309,943
Proprietary funds      
Disaggregation of Revenue [Line Items]      
Revenue 95,365,987 105,942,281 115,538,920
Proprietary funds | Investment advisory      
Disaggregation of Revenue [Line Items]      
Revenue 88,103,499 97,327,310 105,228,977
Proprietary funds | Mutual fund administration revenue, net      
Disaggregation of Revenue [Line Items]      
Revenue 7,262,488 8,614,971 10,309,943
Sub-advised funds and separately managed accounts      
Disaggregation of Revenue [Line Items]      
Revenue 31,021,731 30,682,099 30,088,828
Sub-advised funds and separately managed accounts | Investment advisory      
Disaggregation of Revenue [Line Items]      
Revenue 31,021,731 30,682,099 30,088,828
Sub-advised funds and separately managed accounts | Mutual fund administration revenue, net      
Disaggregation of Revenue [Line Items]      
Revenue $ 0 $ 0 $ 0