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Consolidated Statements of Income (unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES:        
Revenue $ 33,350,637 $ 39,021,114 $ 67,341,140 $ 81,277,500
OPERATING EXPENSES:        
Compensation and related costs, excluding deferred compensation expense (benefit) 17,399,350 17,222,243 33,762,258 35,869,137
Deferred compensation expense (benefit) 1,982,724 (4,690,393) 2,727,235 (5,868,949)
General and administrative 3,637,716 3,513,325 7,143,786 6,699,296
Sales and marketing 1,721,579 1,886,903 3,374,082 3,598,063
Mutual fund administration 823,085 837,524 1,606,029 1,655,402
Total operating expenses 25,564,454 18,769,602 48,613,390 41,952,949
NET OPERATING INCOME 7,786,183 20,251,512 18,727,750 39,324,551
Investment income (loss), net 6,276,708 (17,677,873) 14,359,446 (25,270,130)
Nonoperating Income (Expense) 6,276,708 (17,677,873) 14,359,446 (25,270,130)
NET INCOME BEFORE TAXES 14,062,891 2,573,639 33,087,196 14,054,421
Income tax expense 3,893,942 1,357,875 8,815,200 4,563,641
NET INCOME 10,168,949 1,215,764 24,271,996 9,490,780
Net (income) loss attributable to redeemable noncontrolling interest 736,470 (3,197,122) 2,131,965 (4,052,058)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 9,432,479 $ 4,412,886 $ 22,140,031 $ 13,542,838
Earnings per share attributable to common shareholders        
Basic (USD per share) $ 3.18 $ 1.40 $ 7.39 $ 4.27
Diluted (USD per share) $ 3.18 $ 1.40 $ 7.39 $ 4.27
Weighted average shares outstanding        
Basic (in shares) 2,970,357 3,153,084 2,997,574 3,169,416
Diluted (in shares) 2,970,357 3,153,084 2,997,574 3,169,416
Investment advisory        
REVENUES:        
Revenue $ 31,500,443 $ 36,408,165 $ 63,542,902 $ 75,687,051
Mutual fund administration, net        
REVENUES:        
Revenue $ 1,850,194 $ 2,612,949 $ 3,798,238 $ 5,590,449