XML 16 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Income and Comprehensive Income (USD $)
 12 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Revenue    
Investment advisory fees $ 23,423,000 $ 6,286,000
Shareholder service fees 885,000 786,000
Total revenue 24,308,000 7,072,000
Operating expenses    
Compensation and benefits 6,665,000 2,431,000
General and administrative 3,117,000 1,642,000
Mutual fund distribution 1,467,000 577,000
Sub-advisor fees 3,942,000 545,000
Amortization and depreciation 188,000 95,000
Total operating expenses 15,379,000 5,290,000
Operating income 8,929,000 1,782,000
Interest expense 668,000 51,000
Other income, net 109,000 (1,000)
Income before income tax expense 8,152,000 1,732,000
Income tax expense 3,331,500 761,300
Net income 4,820,000 971,000
Other comprehensive loss    
Unrealized loss on investment in available for sale security   108,000
Comprehensive Income $ 4,820,000 $ 863,000
Earnings per share:    
Basic $ 0.83 $ 0.17
Diluted $ 0.83 $ 0.17
Weighted average shares outstanding:    
Basic 5,810,431 5,742,931
Diluted 5,810,431 5,754,336
Cash dividends declared per share: $ 0.13 $ 0.13