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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
 12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
Operating Revenues      
Mutual fund advisory fees $ 11,870,551 $ 14,575,009 $ 26,571,094
Distribution fees 2,816,939 4,069,656 5,988,167
Transfer agent fees 2,690,713 3,666,860 5,010,913
Administrative services fees 929,570 1,321,156 1,921,630
Other advisory fees 317,723 358,275 1,387,358
Other 39,754 36,614 45,896
Operating revenue 18,665,250 24,027,570 40,925,058
Operating Expenses      
Employee compensation and benefits 9,320,168 9,991,505 12,467,966
General and administrative 5,926,810 5,840,566 8,201,681
Platform fees 2,663,262 3,995,104 6,303,503
Advertising 862,086 1,182,287 2,463,758
Subadvisory fees 60,000 60,000 174,994
Depreciation 274,479 281,760 291,705
Operating expenses, Total 19,106,805 21,351,222 29,903,607
Operating Income (Loss) (441,555) 2,676,348 11,021,451
Other Income (Loss)      
Investment income (loss) 208,039 (176,961) 1,008,568
Equity in earnings of Galileo 54,528    
Pretax Income (Loss) (178,988) 2,499,387 12,030,019
Provision for Federal Income Taxes      
Tax expense 15,224 968,953 4,197,372
Net Income (Loss) (194,212) 1,530,434 7,832,647
Other comprehensive income (loss), net of tax:      
Unrealized gains (losses) on available-for-sale securities arising during period 349,716 (463,867) 552,605
Less: reclassification adjustment for gains included in net income (163,766) (112,327) (65,495)
Comprehensive Income (Loss) $ (8,262) $ 954,240 $ 8,319,757
Basic Net Income (Loss) per Share $ (0.01) $ 0.10 $ 0.51
Diluted Net Income (Loss) per Share $ (0.01) $ 0.10 $ 0.51
Basic weighted average number of common shares outstanding 15,482,612 15,441,464 15,384,435
Diluted weighted average number of common shares outstanding 15,482,612 15,441,582 15,384,435