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Consolidated Statements of Income (unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES:        
Revenue $ 45,069,653 $ 28,248,929 $ 84,084,086 $ 60,174,674
OPERATING EXPENSES:        
Compensation and related costs, excluding deferred compensation expense (benefit) 18,940,034 12,557,769 35,754,975 27,974,945
Deferred compensation expense (benefit) 1,511,254 3,825,540 4,614,200 (4,330,341)
General and administrative 3,870,965 2,899,853 6,686,643 4,828,509
Sales and marketing 2,036,856 1,148,782 3,904,882 2,604,464
Mutual fund administration 943,669 789,316 1,824,390 1,604,269
Total operating expenses 27,302,778 21,221,260 52,785,090 32,681,846
NET OPERATING INCOME 17,766,875 7,027,669 31,298,996 27,492,828
Investment income (loss), net 5,877,086 11,562,624 11,540,540 (10,835,468)
NET INCOME BEFORE TAXES 23,643,961 18,590,293 42,839,536 16,657,360
Income tax expense 6,017,423 4,951,814 10,950,385 5,547,249
NET INCOME 17,626,538 13,638,479 31,889,151 11,110,111
Net loss (income) attributable to redeemable noncontrolling interest 761,708 1,437,789 1,315,810 (2,620,687)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 16,864,830 $ 12,200,690 $ 30,573,341 $ 13,730,798
Earnings per share attributable to common shareholders        
Basic (USD per share) $ 5.28 $ 3.79 $ 9.62 $ 4.23
Diluted (USD per share) $ 5.28 $ 3.79 $ 9.62 $ 4.23
Weighted average shares outstanding        
Basic (in shares) 3,196,501 3,220,973 3,176,744 3,246,867
Diluted (in shares) 3,196,501 3,220,973 3,176,744 3,246,867
Investment advisory        
REVENUES:        
Revenue $ 41,716,427 $ 26,698,993 $ 78,285,530 $ 56,856,673
Mutual fund administration revenue, net        
REVENUES:        
Revenue $ 3,353,226 $ 1,549,936 $ 5,798,556 $ 3,318,001