I thank you all for your detailed responses and recommendations, I'm elated that the topic inspired so many responses and expressed “love” for tone controls and the loudness feature.
There were quite a few responses that mentioned room treatment / optimal space design. Truth be told, my system is located in the family room, which is approximately 16’ x 24. Hard wood floors, big couch, recliners, etc. “It is what it is” until I can claim a room within my house to be used solely for the purpose of a listening room.
Sources: I’m either playing vinyl or streaming from Apple via my phone. When I’m streaming, I sometimes connect with a wired connection to take advantage of the lossless quality streaming, or if I’m listening from another room, I connect with Bluetooth via a Audioengine B1 adapter. The sound quality is pretty good from the Apple device, and I have started using some of the built in EQ functions that are present through the music settings.
I’ve found that the issues I’m experiencing are most noticeable when playing vinyl. Based on quite a few recommendations, I may purchase the Schiit Loki Mini, and install it between the turntable and the integrated amplifier and see if the results are favorable.
Lot’s of room for improvement.
Thank you everyone!
Rene