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Consolidated Statements of Income (unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES:        
Revenue $ 39,018,232 $ 35,554,280 $ 111,974,495 $ 102,895,420
OPERATING EXPENSES:        
Compensation and related costs, excluding deferred compensation expense (benefit) 19,509,116 17,837,787 55,987,247 51,600,045
Deferred compensation expense (benefit) 2,250,168 (859,252) 4,571,396 1,867,983
General and administrative 4,323,863 3,819,667 12,755,373 10,963,453
Sales and marketing 1,841,064 1,566,997 5,421,578 4,941,079
Mutual fund administration 876,550 827,887 2,585,993 2,433,916
Total operating expenses 28,800,761 23,193,086 81,321,587 71,806,476
NET OPERATING INCOME 10,217,471 12,361,194 30,652,908 31,088,944
Investment income (loss), net 9,668,961 (4,636,952) 18,380,048 9,722,494
Nonoperating Income (Expense) 9,668,961 (4,636,952) 18,380,048 9,722,494
NET INCOME BEFORE TAXES 19,886,432 7,724,242 49,032,956 40,811,438
Income tax expense 5,241,839 2,523,649 13,246,590 11,338,849
NET INCOME 14,644,593 5,200,593 35,786,366 29,472,589
Net (income) loss attributable to redeemable noncontrolling interest 0 (1,272,839) 0 859,126
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 14,644,593 $ 6,473,432 $ 35,786,366 $ 28,613,463
Earnings per share attributable to common shareholders        
Basic (USD per share) $ 5.35 $ 2.20 $ 12.90 $ 9.61
Diluted (USD per share) $ 5.35 $ 2.20 $ 12.90 $ 9.61
Weighted average shares outstanding        
Basic (in shares) 2,738,588 2,939,055 2,774,819 2,977,853
Diluted (in shares) 2,738,588 2,939,055 2,774,819 2,977,853
Investment advisory        
REVENUES:        
Revenue $ 37,229,875 $ 33,668,351 $ 106,422,793 $ 97,211,253
Mutual fund administration, net        
REVENUES:        
Revenue $ 1,788,357 $ 1,885,929 $ 5,551,702 $ 5,684,167