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Consolidated Statements of Income (unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUES:        
Revenue $ 36,661,333 $ 33,350,637 $ 72,956,263 $ 67,341,140
OPERATING EXPENSES:        
Compensation and related costs, excluding deferred compensation expense (benefit) 18,330,666 17,399,350 36,478,131 33,762,258
Deferred compensation expense (benefit) (869,135) 1,982,724 2,321,228 2,727,235
General and administrative 4,291,304 3,637,716 8,431,510 7,143,786
Sales and marketing 1,891,562 1,721,579 3,580,514 3,374,082
Mutual fund administration 884,325 823,085 1,709,443 1,606,029
Total operating expenses 24,528,722 25,564,454 52,520,826 48,613,390
NET OPERATING INCOME 12,132,611 7,786,183 20,435,437 18,727,750
Investment income (loss), net (654,591) 6,276,708 8,711,087 14,359,446
Nonoperating Income (Expense) (654,591) 6,276,708 8,711,087 14,359,446
NET INCOME BEFORE TAXES 11,478,020 14,062,891 29,146,524 33,087,196
Income tax expense 3,352,180 3,893,942 8,004,751 8,815,200
NET INCOME 8,125,840 10,168,949 21,141,773 24,271,996
Net income attributable to redeemable noncontrolling interest 0 736,470 0 2,131,965
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 8,125,840 $ 9,432,479 $ 21,141,773 $ 22,140,031
Earnings per share attributable to common shareholders        
Basic (USD per share) $ 2.93 $ 3.18 $ 7.57 $ 7.39
Diluted (USD per share) $ 2.93 $ 3.18 $ 7.57 $ 7.39
Weighted average shares outstanding        
Basic (in shares) 2,769,427 2,970,357 2,793,133 2,997,574
Diluted (in shares) 2,769,427 2,970,357 2,793,133 2,997,574
Investment advisory        
REVENUES:        
Revenue $ 34,841,125 $ 31,500,443 $ 69,192,918 $ 63,542,902
Mutual fund administration, net        
REVENUES:        
Revenue $ 1,820,208 $ 1,850,194 $ 3,763,345 $ 3,798,238