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Consolidated Statements of Cash Flows (unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 13,015,933 $ 14,103,047
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 319,905 327,961
Share-based compensation 3,298,275 2,899,872
Increase in accounts receivable (3,244,487) (1,506,623)
Change in current income taxes 2,480,343 3,757,754
Change in deferred income taxes 1,833,852 1,142,808
Net gains on investments (8,425,579) (6,929,916)
Net change in securities held by Consolidated Fund 0 (1,306,643)
Decrease in accrued incentive compensation (22,713,244) (26,031,780)
Increase in deferred compensation 1,456,659 486,811
Other changes in assets and liabilities (311,327) (723,698)
Net cash used in operating activities (12,289,670) (13,780,407)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (133,400) (13,876)
Purchase of Company sponsored investments (3,460,311) (5,293,030)
Proceeds from sale of Company sponsored investments 4,702,451 4,420,337
Net cash provided by (used in) investing activities 1,108,740 (886,569)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Value of shares withheld related to employee tax withholding (1,055,140) (1,132,507)
Payment of dividends (4,229,322) (4,576,492)
Net subscriptions received from redeemable noncontrolling interest holders 0 1,811,105
Repurchases of common shares (13,155,370) (4,570,126)
Proceeds received under employee stock purchase plan 221,203 274,617
Net cash used in financing activities (18,218,629) (8,193,403)
CASH AND CASH EQUIVALENTS    
Net change during the period (29,399,559) (22,860,379)
At beginning of period 46,991,879 63,195,302
At end of period 17,592,320 40,334,923
Supplemental cash flow information:    
Income taxes paid $ 338,376 $ 20,696