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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Value of initial fixed $100 investment based on:
Year
Summary compensation table total for PEO(1)
Compensation actually paid to PEO(2)
Average summary compensation table total for non-PEO NEOs(3)
Average compensation actually paid to non-PEO NEOs (4)
Total shareholder return(5)
Peer group total shareholder return(6)
Net income
Adjusted net operating income(7)
(a)(b)(c)(d)(e)(f)(g)(h)(i)
2024$3,004,885 $3,045,084 $1,851,600 $1,842,681 $151 $239 $43,177,918 $48,696,000 
2023$2,702,743 $2,247,845 $1,494,700 $1,320,528 $156 $182 $43,085,548 $41,434,000 
2022$3,999,171 $4,091,451 $1,268,100 $1,308,631 $168 $132 $36,870,762 $60,352,296 
2021$3,147,029 $4,738,862 $1,293,100 $1,933,397 $167 $170 $75,589,539 $83,680,496 
2020$1,425,774 $1,877,746 $1,043,100 $1,209,580 $115 $134 $38,165,138 $47,974,867 
        
Company Selected Measure Name adjusted net operating income        
Named Executive Officers, Footnote The dollar amounts in column (b) are the amounts reported in the “Total” column of the SCT for the Company’s principal executive officer (“PEO”), Ms. Brilliant, for each applicable year. Ms. Brilliant was the only PEO for each year reported in this table.The dollar amounts in column (d) represent the average of the amounts reported in the “Total” column of the SCT for the NEOs as a group (excluding the PEO) for each applicable year. Mr. Line, the Company’s principal financial officer, was its only non-PEO NEO for 2020, 2021, and 2022. Mr. Line and Ms. Quinif were the Company’s non-PEO NEOs for 2023 and 2024.        
Peer Group Issuers, Footnote The dollar amounts in column (g) represent the weighted peer group TSR, weighted according to the respective company’s stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the Russell 2000 Asset Managers & Custodians (“R2000 A&C Index”), which is comprised of the Asset Managers & Custodians subsector of the Russell 2000 Index. The R2000 A&C Index used to calculate the returns includes the following companies by year:
20202021202220232024
Arlington Asset Investment Corp. Arlington Asset Investment Corp. Associated Capital Group, Inc. Associated Capital Group, Inc. AlTi Global, Inc.
Associated Capital Group, Inc. Associated Capital Group, Inc. AssetMark Financial Holdings, Inc.AlTi Global, Inc. AssetMark Financial Holdings, Inc.
AssetMark Financial Holdings, Inc.AssetMark Financial Holdings, Inc.Artisan Partners Asset Management, Inc. AssetMark Financial Holdings, Inc.Artisan Partners Asset Management, Inc.
Artisan Partners Asset Management, Inc. Artisan Partners Asset Management, Inc. Blucora, Inc.Artisan Partners Asset Management, Inc. BrightSphere Investment Group Inc
Ares Management CorporationBlucora, Inc.Brookfield Business Corp. Avantax, Inc.Brookfield Business Corp.
BrightSphere Investment Group, Inc.BrightSphere Investment Group, Inc.BrightSphere Investment Group, Inc.Brookfield Business Corp. Burford Capital Limited
Cohen & Steers, Inc.Cohen & Steers, Inc.Cohen & Steers, Inc.BrightSphere Investment Group, Inc.Cohen & Steers, Inc.
Cowen Inc Cowen Inc Diamond Hill Investment Group, Inc.Cohen & Steers, Inc.Diamond Hill Investment Group, Inc.
Diamond Hill Investment Group, Inc.Diamond Hill Investment Group, Inc.Federated Hermes, Inc. Diamond Hill Investment Group, Inc.GCM Grosvenor, Inc.
Federated Hermes, Inc. Federated Hermes, Inc. Focus Financial Partners, Inc. Federated Hermes, Inc. Hamilton Lane Incorporated
Focus Financial Partners, Inc. Focus Financial Partners, Inc. GAMCO Investors, Inc. Focus Financial Partners, Inc. Patria Investments Ltd.
GAMCO Investors, Inc. GAMCO Investors, Inc. GCM Grosvenor, Inc. GCM Grosvenor, Inc. PJT Partners, Inc.
Greenhill & Co., Inc.GCM Grosvenor, Inc. Greenhill & Co., Inc.Hamilton Lane Incorporated Perella Weinberg Partners
Hamilton Lane Incorporated Greenhill & Co., Inc.Hamilton Lane Incorporated Oppenheimer Holdings Inc. P10, Inc.
Morgan Group Holding Co.Hamilton Lane Incorporated Manning & Napier, Inc. Patria Investments Ltd. Silvercrest Asset Management Group Inc.
Oppenheimer Holdings Inc. MMA Capital Holdings, Inc.Oppenheimer Holdings Inc. PJT Partners, Inc. StepStone Group, Inc.
PJT Partners, Inc. Oppenheimer Holdings Inc. PJT Partners, Inc. Perella Weinberg Partners Victory Capital Holdings, Inc.
Pzena Investment Management, Inc. PJT Partners, Inc. Perella Weinberg Partners P10, Inc. Virtus Investment Partners, Inc.
Silvercrest Asset Management Group Inc. Pzena Investment Management, Inc. Pzena Investment Management, Inc. Silvercrest Asset Management Group Inc. WisdomTree, Inc.
Sculptor Capital Management, Inc. Silvercrest Asset Management Group Inc. Silvercrest Asset Management Group Inc. Sculptor Capital Management, Inc.
StepStone Group, Inc. Sculptor Capital Management, Inc. Sculptor Capital Management, Inc. StepStone Group, Inc.
Virtus Investment Partners, Inc.StepStone Group, Inc. StepStone Group, Inc. Victory Capital Holdings, Inc.
Waddell & Reed Financial, Inc. Virtus Investment Partners, Inc.Victory Capital Holdings, Inc. Virtus Investment Partners, Inc.
Westwood Holdings Group, Inc.Waddell & Reed Financial, Inc. Virtus Investment Partners, Inc.WisdomTree, Inc.
WisdomTree Investments, Inc.Westwood Holdings Group, Inc.WisdomTree, Inc.
WisdomTree Investments, Inc.
        
PEO Total Compensation Amount $ 3,004,885 $ 2,702,743 $ 3,999,171 $ 3,147,029 $ 1,425,774
PEO Actually Paid Compensation Amount $ 3,045,084 2,247,845 4,091,451 4,738,862 1,877,746
Adjustment To PEO Compensation, Footnote The dollar amounts in column (c) represent the CAP to the PEO. The determination of CAP in accordance with Item 402(v) of Regulation S-K requires the following adjustments to the amounts reported in the “Total” column of the SCT:
20242023202220212020
SCT total$3,004,885 $2,702,743 $3,999,171 $3,147,029 $1,425,774 
Less stock awards per SCT(i)
(1,000,000)(750,000)(1,650,000)(1,300,000)(380,000)
Equity award adjustments(ii):
Year-end fair value of equity awards granted in the year and unvested at year end(iii)

1,010,632 648,782 785,225 373,504 — 
Year over year change in fair value of outstanding and unvested equity awards(iv)
(41,823)(488,761)(211,729)976,486 191,344 
Fair value as of vesting date of equity awards granted and vested in the year(v)
— — 900,000 1,000,000 380,000 
Year over year change in fair value of equity awards granted in prior years that vested in the year(vi)
(124,893)(42,474)(4,525)— — 
Value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation(vii)
196,283 177,555 273,309 541,843 260,628 
CAP to the PEO$3,045,084 $2,247,845 $4,091,451 $4,738,862 $1,877,746 
(i) The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column of the SCT.
(ii) The relevant required equity award adjustments for each year presented include the addition or subtraction, as applicable, of the following:
(iii) The year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of that year;
(iv) The amount of change as of the end of the applicable year (from the end of the prior year) in fair value of any equity awards granted in prior years that are outstanding and unvested as of the end of the applicable year;
(v) For equity awards that are granted and vest in same applicable year, the fair value as of the vesting date;
(vi) For equity awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior year) in fair value; and
(vii) The dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year.
        
Non-PEO NEO Average Total Compensation Amount $ 1,851,600 1,494,700 1,268,100 1,293,100 1,043,100
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,842,681 1,320,528 1,308,631 1,933,397 1,209,580
Adjustment to Non-PEO NEO Compensation Footnote The dollar amounts in column (e) represent the CAP to the non-PEO NEOs. The determination of CAP in accordance with Item 402(v) of Regulation S-K requires the following adjustments to the amounts reported in the “Total” column of the SCT. The adjustments made to determine the CAP to the non-PEO NEOs are of the same nature as described in footnotes (2)(i)-(vii) above for the PEO and are as follows:
20242023202220212020
Average SCT total$1,851,600 $1,494,700 $1,268,100 $1,293,100 $1,043,100 
Less stock awards per SCT(i)
(600,000)(425,000)(350,000)(250,000)(300,000)
Equity award adjustments(ii):
Year-end fair value of equity awards granted in the year and unvested at year end(iii)

606,364 367,610 366,525 $311,351 $— 
Year over year change in fair value of outstanding and unvested equity awards(iv)
(27,609)(136,437)(83,424)359,680 70,480 
Fair value as of vesting date of equity awards granted and vested in the year(v)
— — — — 300,000 
Year over year change in fair value of equity awards granted in prior years that vested in the year(vi)
(29,806)(38,632)(3,777)— — 
Value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation(vii)
42,132 58,287 111,207 219,266 96,000 
Average CAP to the non-PEO NEOs$1,842,681 $1,320,528 $1,308,631 $1,933,397 $1,209,580 
        
Compensation Actually Paid vs. Total Shareholder Return
The following graph compares the change in CAP to the PEO and non-PEO NEOs, with the Company’s TSR, and the TSR for the R2000 A&C Index for the five-year period ended December 31, 2024. The R2000 A&C Index is comprised of the Asset Managers &
Custodians sub-sector of the Russell 2000 Index. The Company uses the R2000 A&C Index as its peer group comparison because it believes that index is the most relevant, comparable index available.
8201
The change in CAP includes the change in the total value of all outstanding unvested equity awards held by the PEO and non-PEO NEOs. Due to the large amount of unvested equity awards previously held by the PEO, the annual change in CAP to PEO may be more volatile than the other measures shown in the graph above.
        
Compensation Actually Paid vs. Net Income
Analysis of Information Presented in the Pay Versus Performance Table

As described in greater detail above under the heading “Compensation Discussion and Analysis”, the Company’s executive compensation program reflects a variable pay for performance philosophy. While the Company considers several performance indicators to align executive compensation with its performance, not all of those performance indicators are presented in the “Pay Versus Performance” Table. The Company does not specifically align its performance measures with CAP, as computed in accordance with Item 402(v) of Regulation S-K. In accordance with Item 402(v) of Regulation S-K, the Company is providing the following descriptions of the relationships between information presented in the “Pay Versus Performance” Table.

The Company determines NEO compensation, in part, based on its core operating results. It believes that adjusted net operating income (its CSM) provides the most relevant and meaningful information regarding its core operating results. Adjusted net operating income is a non-GAAP financial measure. See the “Annex – Reconciliation of Non-GAAP Financial Measures” section of the Annual Letter to Shareholders included with this Proxy Statement. The following graph compares the change in CAP to the PEO and non-PEO NEOs with the Company’s net income and its adjusted net operating income for the five-year period ended December 31, 2024. 7466
The above table includes the change in the total value of all outstanding unvested equity awards held by the PEO and non-PEO NEOs. Due to the large amount of unvested equity awards previously held by the PEO, the annual change in CAP to the PEO may be more volatile than the other measures shown in the graph above.
        
Tabular List, Table
Performance Measure
Adjusted net operating income
Adjusted operating profit margin
Adjusted diluted earnings per share
Long-term investment performance
        
Total Shareholder Return Amount $ 151 156 168 167 115
Peer Group Total Shareholder Return Amount 239 182 132 170 134
Net Income (Loss) $ 43,177,918 $ 43,085,548 $ 36,870,762 $ 75,589,539 $ 38,165,138
Company Selected Measure Amount 48,696,000 41,434,000 60,352,296 83,680,496 47,974,867
PEO Name Ms. Brilliant        
Additional 402(v) Disclosure Cumulative total shareholder return (“TSR”) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming an initial investment of $100 and dividend reinvestment, and the difference between the Company’s stock price at the end and the beginning of the measurement period by the Company’s stock price at the beginning of the measurement period.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted net operating income        
Non-GAAP Measure Description The company-selected measure (“CSM”) is adjusted net operating income, which adjusts net operating income, as calculated in accordance with GAAP, for the impact of market movements on the deferred compensation liability and related economic hedges, and the impact of the Consolidated Funds. Adjusted net operating income is a non-GAAP financial measure. The Company believes this measure and other non-GAAP financial measures provide relevant and meaningful information to investors about its core operating results. See the “Annex – Reconciliation of Non-GAAP Financial Measures” section of the Annual Letter to Shareholders included with this Proxy Statement. While the Company uses several financial and non-financial performance measures for the purpose of evaluating its executive compensation programs, it has determined that adjusted net operating income is the financial performance measure that represents the most important performance measure used by it to link CAP to the NEOs, for the most recently completed year, to the Company’s performance.        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted operating profit margin        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted diluted earnings per share        
Measure:: 4          
Pay vs Performance Disclosure          
Name Long-term investment performance        
PEO | Stock Award Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,000,000) $ (750,000) $ (1,650,000) $ (1,300,000) $ (380,000)
PEO | Equity Awards Granted During The Year, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,010,632 648,782 785,225 373,504 0
PEO | Equity Awards Granted in Prior Years, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (41,823) (488,761) (211,729) 976,486 191,344
PEO | Equity Awards Granted During The Year, Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 900,000 1,000,000 380,000
PEO | Equity Awards Granted in Prior Years, Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (124,893) (42,474) (4,525) 0 0
PEO | Equity Awards, Value of Dividends and Other Earnings Paid Adjustment [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 196,283 177,555 273,309 541,843 260,628
Non-PEO NEO | Stock Award Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (600,000) (425,000) (350,000) (250,000) (300,000)
Non-PEO NEO | Equity Awards Granted During The Year, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 606,364 367,610 366,525 311,351 0
Non-PEO NEO | Equity Awards Granted in Prior Years, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (27,609) (136,437) (83,424) 359,680 70,480
Non-PEO NEO | Equity Awards Granted During The Year, Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 300,000
Non-PEO NEO | Equity Awards Granted in Prior Years, Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (29,806) (38,632) (3,777) 0 0
Non-PEO NEO | Equity Awards, Value of Dividends and Other Earnings Paid Adjustment [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 42,132 $ 58,287 $ 111,207 $ 219,266 $ 96,000