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Consolidated Statements of Cash Flows (unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 10,372,850 $ 13,015,933
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 221,668 319,905
Share-based compensation 3,556,667 3,298,275
Decrease (Increase) in accounts receivable 1,247,040 (3,244,487)
Change in current income taxes 2,693,452 2,480,343
Change in deferred income taxes 882,428 1,833,852
Net gain on investments (582,793) (8,425,579)
Net change in securities held by Consolidated Fund (117,123) 0
Decrease in accrued incentive compensation (24,735,105) (22,713,244)
(Decrease) Increase in deferred compensation (3,678,451) 1,456,659
Other changes in assets and liabilities (594,426) (311,327)
Net cash used in operating activities (10,733,793) (12,289,670)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (542,153) (133,400)
Purchase of Company sponsored investments (2,715,312) (3,460,311)
Proceeds from sale of Company sponsored investments 5,018,495 4,702,451
Net cash provided by investing activities 1,761,030 1,108,740
CASH FLOWS FROM FINANCING ACTIVITIES:    
Value of shares withheld related to employee tax withholding obligations (75,844) (1,055,140)
Payment of dividends (4,180,758) (4,229,322)
Net subscriptions received from redeemable noncontrolling interest holders 148,242 0
Repurchases of common shares (3,610,435) (13,155,370)
Proceeds received under employee stock purchase plan 207,125 221,203
Net cash used in financing activities (7,511,670) (18,218,629)
CASH AND CASH EQUIVALENTS    
Net change during the period (16,484,433) (29,399,559)
At beginning of period 41,624,604 46,991,879
At end of period 25,140,171 17,592,320
Supplemental information related to cash activities:    
Income taxes paid $ 235,138 $ 338,376