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Consolidated Statements of Income (unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUES:        
Revenue $ 37,402,519 $ 39,018,232 $ 110,544,660 $ 111,974,495
OPERATING EXPENSES:        
Compensation and related costs, excluding deferred compensation expense 18,352,666 19,509,116 54,244,542 55,987,247
Deferred compensation expense 2,051,506 2,250,168 4,128,757 4,571,396
General and administrative 4,260,521 4,323,863 12,682,163 12,755,373
Sales and marketing 2,000,537 1,841,064 6,017,628 5,421,578
Fund administration 1,008,784 876,550 2,914,102 2,585,993
Total operating expenses 27,674,014 28,800,761 79,987,192 81,321,587
NET OPERATING INCOME 9,728,505 10,217,471 30,557,468 30,652,908
Investment income, net 8,493,730 9,668,961 24,168,384 18,380,048
Total non-operating income 8,493,730 9,668,961 24,168,384 18,380,048
NET INCOME BEFORE TAXES 18,222,235 19,886,432 54,725,852 49,032,956
Income tax expense (4,656,802) (5,241,839) (14,629,141) (13,246,590)
NET INCOME 13,565,433 14,644,593 40,096,711 35,786,366
Less: Net income attributable to redeemable noncontrolling interest (14,822) 0 (613,260) 0
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 13,550,611 $ 14,644,593 $ 39,483,451 $ 35,786,366
Earnings per share attributable to common shareholders        
Basic (USD per share) $ 4.99 $ 5.35 $ 14.47 $ 12.9
Diluted (USD per share) $ 4.99 $ 5.35 $ 14.47 $ 12.9
Weighted average shares outstanding        
Basic (in shares) 2,718,171 2,738,588 2,728,671 2,774,819
Diluted (in shares) 2,718,171 2,738,588 2,728,671 2,774,819
Investment advisory        
REVENUES:        
Revenue $ 35,622,688 $ 37,229,875 $ 104,999,365 $ 106,422,793
Fund administration, net        
REVENUES:        
Revenue $ 1,779,831 $ 1,788,357 $ 5,545,295 $ 5,551,702