The term 'Elite Alternative' can be summarized as a four-letter acronym, PICA. PICA stands for Private Investment Capital Association, which is an organization that provides alternative investments to high net worth individuals and institutional investors. The organization offers a range of services, including portfolio management, asset allocation, and risk management. PICA also provides access to a wide variety of alternative investments, such as private equity, venture capital, and hedge funds. By providing these services, PICA helps its clients to diversify their portfolios and maximize returns.