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Consolidated Statements of Income (unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES:    
Revenue $ 37,116,210 $ 36,294,930
OPERATING EXPENSES:    
Compensation and related costs, excluding deferred compensation expense (benefit) 18,206,648 18,147,465
Deferred compensation expense (benefit) (964,655) 3,190,363
General and administrative 4,047,096 4,140,206
Sales and marketing 1,814,941 1,688,952
Fund administration 948,281 825,118
Total operating expenses 24,052,311 27,992,104
NET OPERATING INCOME 13,063,899 8,302,826
Investment income, net 1,119,969 9,365,678
Nonoperating Income (Expense) 1,119,969 9,365,678
NET INCOME BEFORE TAXES 14,183,868 17,668,504
Income tax expense 3,811,018 4,652,571
NET INCOME 10,372,850 13,015,933
Net income attributable to redeemable noncontrolling interest 10,587 0
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 10,362,263 $ 13,015,933
Earnings per share attributable to common shareholders    
Basic (USD per share) $ 3.77 $ 4.62
Diluted (USD per share) $ 3.77 $ 4.62
Weighted average shares outstanding    
Basic (in shares) 2,748,568 2,816,839
Diluted (in shares) 2,748,568 2,816,839
Investment advisory    
REVENUES:    
Revenue $ 35,308,811 $ 34,351,793
Fund administration, net    
REVENUES:    
Revenue $ 1,807,399 $ 1,943,137