Exactly right - they hope you will bring your portfolio over to them for management so they can charge a fee on your nest egg - at that age it should be a substantial nest egg. They also look to talk you into buying an annuity so they can get a commission on that sale - they will try to sell you on the guarantees offered by an annuity but notice how they gloss over the fees and commissions.
When folks ask me for advice I usually say: stick with low cost index funds and when you feel you need help, speak to an adviser that is legally required to act as a fiduciary; must act in your best interest. The other advisers only have to meet the "suitability" rule, if not a fiduciary, and that is total BS.