CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013	Mar. 31, 2012
Revenues
Mutual fund advisory fees	$ 3,110,084	$ 2,848,116	$ 9,522,556	$ 11,649,691
Distribution fees	694,862	962,395	2,246,930	3,264,166
Transfer agent fees	660,075	855,140	2,100,286	2,886,989
Administrative services fees	230,516	312,110	741,657	1,058,160
Other advisory fees	83,960	86,536	253,534	263,634
Other	8,835	8,967	30,498	30,679
Investment income (loss)	(16,081)	464,863	345,557	56,256
Net revenues	4,772,251	5,538,127	15,241,018	19,209,575
Expenses
Employee compensation and benefits	2,291,612	2,368,646	7,246,346	7,781,417
General and administrative	1,459,393	1,412,290	4,531,650	4,392,153
Platform fees	657,724	869,437	2,106,056	3,150,296
Advertising	194,003	6,743	625,091	1,007,665
Depreciation	68,752	70,586	206,329	212,744
Subadvisory fees	15,000	15,000	45,000	45,000
Operating expenses, Total	4,686,484	4,742,702	14,760,472	16,589,275
Income Before Income Taxes	85,767	795,425	480,546	2,620,300
Provision for Federal Income Taxes
Tax expense	44,600	308,287	224,594	974,262
Net Income	41,167	487,138	255,952	1,646,038
Other Comprehensive Income, Net of Tax:
Unrealized gains (losses) on available-for-sale securities arising during period	429,283	263,894	477,169	(149,083)
Less: reclassification adjustment for gains/losses included in net income		(112,327)	(143,352)	(112,327)
Comprehensive Income	$ 470,450	$ 638,705	$ 589,769	$ 1,384,628
Basic Net Income per Share	$ 0.00	$ 0.03	$ 0.02	$ 0.11
Diluted Net Income per Share	$ 0.00	$ 0.03	$ 0.02	$ 0.11
Basic weighted average number of common shares outstanding	15,490,020	15,448,100	15,484,371	15,436,601
Diluted weighted average number of common shares outstanding	15,490,020	15,448,518	15,484,371	15,436,959