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Consolidated Statements of Income (unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES:    
Revenue $ 36,294,930 $ 33,990,503
OPERATING EXPENSES:    
Compensation and related costs, excluding deferred compensation expense 18,147,465 16,362,908
Deferred compensation expense 3,190,363 744,511
General and administrative 4,140,206 3,506,070
Sales and marketing 1,688,952 1,652,503
Mutual fund administration 825,118 782,944
Total operating expenses 27,992,104 23,048,936
NET OPERATING INCOME 8,302,826 10,941,567
Investment income, net 9,365,678 8,082,738
Nonoperating Income (Expense) 9,365,678 8,082,738
NET INCOME BEFORE TAXES 17,668,504 19,024,305
Income tax expense 4,652,571 4,921,258
NET INCOME 13,015,933 14,103,047
Net income attributable to redeemable noncontrolling interest 0 1,395,495
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 13,015,933 $ 12,707,552
Earnings per share attributable to common shareholders    
Basic (USD per share) $ 4.62 $ 4.20
Diluted (USD per share) $ 4.62 $ 4.20
Weighted average shares outstanding    
Basic (in shares) 2,816,839 3,025,094
Diluted (in shares) 2,816,839 3,025,094
Investment advisory    
REVENUES:    
Revenue $ 34,351,793 $ 32,042,459
Mutual fund administration, net    
REVENUES:    
Revenue $ 1,943,137 $ 1,948,044