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Consolidated Statements of Income (unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES:    
Revenue $ 33,990,503 $ 42,256,386
OPERATING EXPENSES:    
Compensation and related costs, excluding deferred compensation expense (benefit) 16,362,908 18,646,894
Deferred compensation expense (benefit) 744,511 (1,178,556)
General and administrative 3,506,070 3,185,971
Sales and marketing 1,652,503 1,711,160
Mutual fund administration 782,944 817,878
Total operating expenses 23,048,936 23,183,347
NET OPERATING INCOME 10,941,567 19,073,039
Investment income (loss), net 8,082,738 (7,592,257)
Nonoperating Income (Expense) 8,082,738 (7,592,257)
NET INCOME BEFORE TAXES 19,024,305 11,480,782
Income tax expense 4,921,258 3,205,766
NET INCOME 14,103,047 8,275,016
Net (income) loss attributable to redeemable noncontrolling interest 1,395,495 (854,936)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 12,707,552 $ 9,129,952
Earnings per share attributable to common shareholders    
Basic (USD per share) $ 4.20 $ 2.87
Diluted (USD per share) $ 4.20 $ 2.87
Weighted average shares outstanding    
Basic (in shares) 3,025,094 3,185,930
Diluted (in shares) 3,025,094 3,185,930
Investment advisory    
REVENUES:    
Revenue $ 32,042,459 $ 39,278,886
Mutual fund administration, net    
REVENUES:    
Revenue $ 1,948,044 $ 2,977,500